Fleet Deployment Update

M/V HELLENIC SKY TIME CHARTERED AT
US$22,000 PER DAY FOR 5-7 MONTHS

Press Release 23 September 2010

Hellenic Carriers Limited, (“Hellenic” or the “Company”) (AIM: HCL), an international provider of marine transportation services for dry bulk cargoes, announces today that its wholly owned subsidiary Thasos Shipping Co. Ltd. (“Thasos”), the ship owning company of the M/V Hellenic Sky, has entered into a time charter agreement for a minimum period of 5 months with Cargill International S.A. at a gross rate of US$22,000 per day commencing 20 October 2010. The maximum length of the charter will be approximately 7 months.

This agreement is a direct continuation of the existing time charter with Cargill International S.A. dated 4 June 2009 at the daily gross rate of US$ 18,000.

The earliest expiration date of the charter is now 20 March 2011 and the latest is 30 May 2011.

The M/V Hellenic Sky is a 68,591dwt Panamax built in 1994 at Sasebo Heavy Industries, Japan.

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 five vessels, comprising three Panamaxes, one Supramax and one Handymax with an aggregate carrying capacity of 303,141 dwt plus two new building vessels currently on order, both Kamsarmaxes with an aggregate carrying capacity of about 164,000 dwt.

Following the delivery of the two Kamsarmax vessels, the Company will manage through Hellenic Shipmanagement Corp. a fleet of seven dry bulk carriers comprising two Kamsarmaxes, three Panamaxes, one Supramax and one Handymax with an aggregate carrying capacity of about 467,141 dwt and a weighted average age of 12.5 years (as of 31 March 2013).

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

Hellenic Carriers Limited press release