About Delos Shipping Management.

Mr. Ladin has purchased 62 vessels since the inception of Delos in 2009, including acquisitions of oil tankers, container vessels, dry bulk vessels, car carriers and cruise ships, representing over $1.3 billion of deployed capital. Prior to Delos, Mr. Ladin was a partner at Dallas-basedBonanza Capital, a $600 million investment manager where he focused on investing in small capitalization publicly traded companies. Mr. Ladin was responsible for investments in shipping technology, telecommunications, media as well as direct investments. Mr. Ladin generated over $100 million in profits, earning multiples on the partial acquisition and subsequent public offering of Euroseas, a dry bulk and container owner and operator. Prior toBonanza, Mr. Ladin was a partner at Talisman Capital, where he identified and executed over seventy direct investments in both public and private companies in the United States and abroad, representing over $200 million in deployed capital. Mr. Ladin is a Chartered FinancialAnalyst ("CFA"). He was formerly a member of the board of directors of Affinity Media (private) and Points International Ltd. (OTC:BB: PTSEF). Mr. Ladin earned a BA in Political Economy fromTulane University and is a member of YPO.