Third Quarter 2024 Trading Update

LEADING THE WAY IN DRY BULK SHIPPING Pacific Basin 3Q24 TRADING UPDATE 17 OCTOBER 2024 PERFORMANCE AND MARKET REVIEW LIMITED SEASONALITY CONTINUES - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 Handysize Market Spot Rates (BHSI) 38k dwt (tonnage adjusted^) US$/day net*$11,360 FFA Average* $11,390 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 Supramax Market Spot Rates (BSI) 58k dwt US$/day net* $13,040 FFA Average*$13,300 Jan Feb Mar Apr May Jun Jul A ...