Ship-Owner's Name   Vessel Name Flag Vessel Type G/T ENGINE TYPE
  Sato Kisen Co., Ltd. 1 Ace Bridge Vanuatu Bulk 16,768 B&W/6S42MC
2 Ace Century Vanuatu Bulk 19,920 6UEC45LA
3 Ace Dragon Panama Bulk 14,599 6UEC45LA
4 Apollo Vanuatu Log/Bulk 18,108 B & W
5 Armstrong Vanuatu Log/Bulk 18,108 B & W
6 Crimson Neptune Vanuatu Chip 40,360 UEC 52LS
7 Fair Wind Panama Bulk 35,884 MITSUI SULZER
8 Global Wind Vanuatu Bulk 29,400 6UEC 50LSII
9 Growth Ring Panama Chip 35,387 6UEC52LS
10 Hokuetsu Endeavor Vanuatu Chip 43,954 MAN B & W
11 Los Vilos Vanuatu Bulk 25,357 SULZER 6RT48T
12 Ocean Wind Vanuatu Bulk 39,727 HITACHI 6S60MC
13 Rubin Pearl Vanuatu Log/Bulk 15,800 UEC
14 Sea Elegance Vanuatu Bulk 28,900 B & W
15 Jasmin Ace *** Vanuatu Bulk 19,883 6UEC51LA
16 Young Spirit Vanuatu Bulk 19,781 MITSUBISHI-6UEC52LA
17 Ultimax Vanuatu Woodchips 43,591 MITSUBISHI-7UEC50LS
18 Hokuetsu Ushaka Vanuatu Woodchips 48,900 MITSUBISHI-7UEC50LS
Exeno Yamamizu 19 Amazing Grace *** Panama Bulk 25,967 SULZER
VANGUARD SHIPMANAGEMENT 20 GLOBAL CHALLENGER Singapore BULK 15,560 6S42MG
SH Marine 21 Chem Rose *** Singapore Ch/Tnkr 4,540 6UEC37LA
22 CHEM ORCHID SINGAPORE CH/TNKR 18,044 SULZER 5ATL25H
  Kyokuyo Shipping Co. 23 Haru Verdy Panama Reefer 7,316 8UEC452A
24 Marianne Panama Reefer 5,756 B&W
25 Washington Panama Reefer 6,154 B&W
26 Columbia Panama Reefer 6,399 B & W
27 Grace II (Grace) Panama Reefer 8,609 B&W/6S5OM
Nakata Mac Corporation 28 Morning Glory III Liberia Pr/Tanker 57,145 MAN B & W
29 Morning Glory V Liberia Pr/Tanker 43,300 MAN B & W
30 Morning Glory VII Liberia Pr/Tanker 43,300 MAN B & W
Shoei Kisen Kaisha Ltd. 31 Rubin Peony Panama Bulk 35,884 SULZER 6RTA62
32 Forestal Diamante Panama Chip 48,191 6UEC60LSII
33 Ocean Hawthorn Panama Bulk 15,700 B & W 6S60MC
34 Maple Valley Panama Bulk 39,780 B & W 6S60MC
Western Shipping 35 Avalon Panama Log/Bulk 18,200 B & W
San-E Maritime Corp. 36 Libre *** Panama Bulk 29,885 6UEC50LSII
37 Queen Asia Panama Log/Bulk 16,761 UEC
38 Glory Sanye Panama Bulk 26,040 6UEC52LS
World Marine Co., Ltd. 39 Classy Victoria Panama Pr/Tanker 40,800 B&W/6S60MC
40 Maple Express Panama Pr/Tanker 27,969 MITSUI -MAN B & W
*** Joint management of SEJIN MARINE CO., LTD. and SEYEONG MARINE CO., LTD.