New Buildings’ expected delivery

15 July 2013

Hellenic Carriers Limited (“Hellenic” or the “Company”), an international provider of marine transportation services, announces that its subsidiary Ithaca Maritime Ltd (‘Ithaca), which had entered into a shipbuilding contract in June 2010, is expected to take delivery of its 82,000 dwt Kamsarmax vessel currently at the final stage of construction in China, within August 2013 at a contract price of US$26.28million.

Symi Shipping Co Ltd (‘Symi’), a subsidiary of Hellenic, which had also entered into a shipbuilding contract in June 2010, is expected to take delivery of its 82,000dwt Kamsarmax vessel, in September/October 2013 at a contract price of US$26.28million. Following delivery of the two Kamsarmax vessels the fleet will have an aggregate carrying capacity of about 333,116 dwt and an average age of 9.8 years.

About Hellenic Carriers Limited
Hellenic Carriers Limited manages through Hellenic Shipmanagement Corp. a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. The fleet consists of three vessels, comprising one Panamax, one Supramax and one Handymax with an aggregate carrying capacity of 169,116 dwt and a weighted average age of 16.2 years. Two new building vessels currently under construction, both Kamsarmaxes with an aggregate carrying capacity of about 164,000 dwt are scheduled for delivery within 2013.

Hellenic Carriers is listed on the AIM of the London Stock Exchange under ticker HCL.

Hellenic Carriers Limited press release