Hellenic Shipmanagement Corp. is committed to continuous efforts in order to improve environmental performance throughout its operations.

It is Hellenic Shipmanagement's goal to conduct its business in a manner that is compatible with the balanced environmental and economic needs of the communities in which it operates.

For achieving this goal, Hellenic Shipmanagement Corp.:

• Complies with all applicable environmental laws and regulations and applies responsible standards where laws and regulations do not exist;
• Responds quickly and effectively to environmental incidents resulting from its operations, in co-operation with industry organizations and authorized government agencies;
• Shows concern and respect for the environment and fosters appropriate operating practices and training;
• Undertakes appropriate reviews and evaluations of its operations to measure progress and to foster compliance with this Policy;
• Participates in industry groups to foster timely development of effective environmental laws and regulations based on sound science and considering risks, costs and benefits, including effects on energy and product supply;
• Manages its business with the goal of preventing environmental incidents and of controlling emissions and wastes below harmful levels.