Agreement to acquire one second hand Supramax vessel

9 September 2013

Hellenic Carriers Limited, (“Hellenic” or the “Company”) (AIM: HCL), an international provider of marine transportation services for dry bulk cargoes, announces the agreement of acquisition by one of its subsidiaries from an unaffiliated third party of one geared 52,388 dwt Supramax vessel built at Tsuneishi Shipbuilding Corporation, Japan in 2004 at the price of US$16.16 million in cash.

The vessel will be financed by one of the existing bank facilities in place after the sale of the older Panamax units in 2012 as well as existing cash reserves. The vessel is expected to be delivered to her new owners during Q4 2013.

About Hellenic Carriers Limited
Hellenic Carriers Limited owns and operates through its subsidiaries 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 four vessels, comprising one Panamax, one Supramax, one Handymax and one Kamsarmax with an aggregate carrying capacity of 250,778 dwt and a weighted average age of 12.1 years. A Kamsarmax new building vessel is under construction, with a carrying capacity of about 82,000 dwt scheduled for delivery in September/October 2013.

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

Hellenic Carriers Limited press release