Owned / Bareboat Fleet	DWT	BUILT	CBM	YARD	STATUS	IMO STATUS
NAVIG8 FAITH	46,754	2008	52,681	SUNGDONG	EMPLOYED	IMO 2+3
NAVIG8 FIDELITY	46,541	2008	52,681	SUNGDONG	EMPLOYED	IMO 2+3
NAVIG8 STEALTH	47,355	2002	53,211	3 MAJ	EMPLOYED	IMO 2+3
NAVIG8 SPIRIT	50,548	2006	53,551	SPP	EMPLOYED	IMO 2+3
HELCION	50,695	2008	53,551	SPP	EMPLOYED	IMO 2+3
NAVIG8 STEALTH II	50,695	2008	53,551	SPP	SPOT MKT	IMO 2+3
NAVIG8 TBN	50,000	2010	53,500	DUBAI	N/B	IMO 2+3
NAVIG8 TBN	50,000	2010	53,500	DUBAI	N/B	IMO 2+3
NAVIG8 TBN	50,000	2011	53,500	DUBAI	N/B	IMO 2+3
NAVIG8 TBN	50,000	2011	53,500	DUBAI	N/B	IMO 2+3
NAVIG8 TBN (OPTION)	50,000	2011	53,500	DUBAI	N/B	IMO 2+3
NAVIG8 TBN (OPTION)	50,000	2011	53,500	DUBAI	N/B	IMO 2+3
NAVIG8 TBN (OPTION)	50,000	2012	53,500	DUBAI	N/B	IMO 2+3
NAVIG8 TBN (OPTION)	50,000	2012	53,500	DUBAI	N/B	IMO 2+3
ALLIANCE SPIRIT	6,200	2007	6,650	DUBAI	EMPLOYED	-
AURELIA	6,200	2007	6,650	DUBAI	EMPLOYED	-
TBN	6,500	2008	7,300	JIANGMEN	N/B DEL DEC08	-
TBN	114,000	2009	129,000	NEW TIMES	N/B DEL NOV09	-
TBN	114,000	2010	129,000	NEW TIMES	N/B DEL MAY10	-
Timecharter / Commercial Management	DWT	BUILT	CBM	YARD	STATUS	IMO STATUS
LOMBARDIA (EX SILVIA)	35,481	2000	42,334	DAEDONG	SPOT MKT	IMO 3
SEYCHELLES PROGRESS	37,500	2005	42,438	LSM	SPOT MKT	IMO 2+3
PORT RUSSEL	37,808	2002	44,479	GUANGZHOU	SPOT MKT	-
PORT LOUIS	37,823	2002	44,479	GUANGZHOU	SPOT MKT	-
NS POINT	40,042	2008	45,076	SLS	SPOT MKT	IMO 3
TAMBOV	40,727	1996	50,011	TROGIR	SPOT MKT	-
PACIFIC TOURMALINE	45,018	1989	52,537	DAEWOO	SPOT MKT	-
PACIFIC TURQUOISE	45,018	1989	52,537	DAEWOO	SPOT MKT	-
STX ACE 11	46,150	2008	53,203	STX	SPOT MKT	IMO 2+3
PRO GIANT	46,732	2004	52,581	HYUNDAI	SPOT MKT	-
GREEN POINT	49,511	2003	53,573	STX	SPOT MKT	-
OCEAN BREEZE	50,323	2008	53,538	SPP	SPOT MKT	IMO 2+3
OCEAN PRINCESS	50,323	2008	53,538	SPP	SPOT MKT	IMO 2+3
OCEAN GRACE	50,600	1985	52,580	ODENSE	SPOT MKT	IMO 2+3
MISS LUCY	50,662	2008	53,552	SPP	SPOT MKT	IMO 2+3
PRETTY SCENE	51,218	2006	53,464	STX	SPOT MKT	IMO 2+3
TARGALE	52,600	2006	52,794	3 MAJ	SPOT MKT	IMO 2+3
USMA	52,684	2007	57,517	3 MAJ	SPOT MKT	IMO 2+3
NEW CONSTELLATION	73,911	2006	83,975	NCSB	SPOT MKT	-
NEW CONQUEST	73,916	2006	83,986	NCSB	SPOT MKT	-
M3 SUSANNE	84,040	1989	88,631	B&W	SPOT MKT	-
BLUE JASPER	105,905	2008	119,668	NAMURA	SPOT MKT	-
DESH RAKSHAK	113,918	2003	124,522	HHI ULSAN	SPOT MKT	-
PULA	46,927	2006	52,794	3 MAJ	EMPLOYED	IMO 2+3
FR8 ENDURANCE	50,654	2007	53,548	SPP	EMPLOYED	IMO 2+3
NAVIG8 LEFKARA	50,695	2008	53,551	SPP	N/B DEL AUG08	IMO 2+3
DL NAVIG8	49,700	2008	61,000	SLS	N/B DEL SEP08	-
NS PARADE	40,042	2008	45,076	SLS	N/B DEL DEC08	IMO 3
AL AMERAT	51,068	2008	53,500	STX	N/B DEL DEC08	IMO 2+3
NAVIG8 MALOU	50,695	2008	53,551	SPP	N/B DEL JAN09	IMO 2+3
NAVIG8 TBN	50,695	2008	53,551	SPP	N/B DEL FEB09	IMO 2+3
Technical Management Only	DWT	BUILT	CBM	YARD	STATUS	IMO STATUS
STENA FR8 1	46,846	2007	53,500	SUNGDONG	EMPLOYED	IMO 2+3
STENA FR8 2	46,541	2007	53,500	SUNGDONG	EMPLOYED	IMO 2+3
FR8 ENDEAVOUR	50,546	2006	53,500	SPP	EMPLOYED	IMO 2+3
FR8 PRIDE	74,034	2006	84,185	NCSB	EMPLOYED	-
FR8 VENTURE	74,065	2006	84,185	NCSB	EMPLOYED	-