M/MARITIME SUCCESSFULLY COMPLETED LAUNCHING OF HULL No. 765 AND KEEL LAYING OF HULL Nos. 1961 AND 1962

On the 22nd December 2018, M/MARITIME successfully completed launching of Hull No. 765, a 37,000 DWT dry bulk carrier at Saiki Heavy Industries, Onomichi Dockyard in Japan. At the occasion of the Launching Ceremony M/MARITIME was honored by the Saiki City, Oita Prefecture for her contribution to the local community. The Company is expected to take delivery of a total of three 37,000 DWT vessels from Saiki Heavy Industries in 2019 and 2020. Hull No. 765 is expected to be delivered under the management of the Company at the beginning of March 2019. The Company also held the Keel Laying ceremony of Hull Nos. 1961 and 1962. Bothe 60,000 DWT vessels are expected to be delivered to the Company at the beginning of August and September 2019, respectively. The Keel Laying Ceremony took place at TAMAHIME Shrine close to Tamano Shipyard of Mitsui Engineering & Shipbuilding (MES) in Japan.