Fleet

Fleet Employment Profile (Bulk Carriers)

Currently GOC's fleet is employed as follows:

Vessel Name Type DWT Year Built Charter
Rate		 Charter Period Expected
Redelivery
(Minimum period)		 Optional
Maximum Period		 Charter
Commencement
GO Patoro** Capesize 150,108 1991 $27,000 36-48 months June-10 June-11 June-07
GO Public Panamax 71,761 1993 $21,000 23-25 months Nov-08 Jan-09 Dec-06
GO Faith Panamax 65,125 1984 $28,000 12-14 months May-08 Aug-08 May-07
GO Trader Handymax 45,693 1996 $19,250 26-29 months Mar-09 Jun-09 Jan-07
GO Friendship Handymax 44,875 1994 $26,850 36-40
months		 Sept-10 Nov-10 Sept-07
GO Star Handymax 43,656 1994 $27,000 36-40
months		 Dec-10 May-11 Dec-07
GO Pride Handysize 35,055 1982 $44,000 35 days Jun-08 Aug-08 Jun-08
Grand Total 7 456,273 17 years          

** The M/V “GO Patoro” is employed under a time charter until June 2010. The daily T/C rate for the first year ending June 2008 was $32,000; for the second and third years ending June 2009 and 2010 the rate will be $27,000 and $22,000 respectively. Nearby expiration, the charter may be extended for an additional year at a rate of $23,000.