Exhibit 4.59
 Private & confidential
 Dated:
17th
March. 2009
 ADVENTURE NINE S.A.
  FBB-FIRST BUSINESS BANK S.A.
 DEED OF AMENDMENT
 OF THE DEED OF COVENANT  nd   FREE IMPALA
 Theo V. Sioufas & Co.
Law Offices
Piraeus




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DEED OF AMENDMENT OF DEED OF COVENANT
 M/V FREE IMPALA
 Under the Flag of the Commonwealth of the Bahamas
 th BETWEEN :
 (1)
    
    ADVENTURE NINE S.A.,a corporation incorporated and validly existing under the laws of the
Republic of the Marshall Islands and having its registered office at Trust Company Complex,
Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (hereinafter called the
Owner)(which expression shall include its successors and permitted assigns) and(2)
    
    FBB-FIRST BUSINESS BANK S.A.,a bank incorporated in the Republic of Greece with its head
office at 91 Michalakopoulou Street, 11528 Athens, Greece, acting except otherwise herein
provided, through its office at 62, Notara and Sotiros Dios streets, 185 35 Piraeus, Greece
(hereinafter called the Mortgageewhich expression shall include its successors and
assigns).
 WHEREAS:
 (A)
    
    The Owner is the absolute and unencumbered legal and beneficial owner of the sixty-four
sixty-fourth shares of and in the motor vessel FREE IMPALAbuilt by Shanghai Shipyard, in
1997, lawfully and permanently registered under Bahamas flag in the Ships Register of the
Port of Nassau and having Official No. 8000947,Call Sign C6UF9,IMO No.: 9138680,of 15888
gross tonnage and 8036net tonnage, propelled by a diesel internal combustion engine of 6074
KW, together with all her boats, engines, machinery tackle outfit spare gear fuel consumable
and other stores belongings and appurtenances whether on board or ashore and whether now owned
or hereafter acquired and all the additions, improvements and replacements in or on the above
described ship (the said Ship together with all aforesaid is hereinafter called the Ship).(B)
    
    by a Loan Agreement (the Principal Agreement)dated 31st March, 2008 and made
between (a) the Mortgagee (therein described as the Bank),as lender and (b) the Owner, as
borrower (therein called the Borrower),the Mortgagee agreed, subject to and upon the terms
and conditions therein contained, to make available to the Owner, aterm loan facility of up
to United States Dollars twenty six million two hundred and fifty thousand (US$26,250,000)
(the Loan)for the purposes therein specified and as at the date hereof the outstanding
principal amount which remains due to the Mortgagee in respect of the Loan is United States
Dollars twenty four million (US$24,000,000), which the Owner hereby acknowledges and confirms.(C)
    
    The Owner in order to secure the repayment of the said principal amount of the said loan
facility executed and delivered in favour of the Mortgagee the First Priority Statutory Ship
Mortgage on the Ship dated the 2nd April, 2008, in favour of the Mortgagee which
was registered in the appropriate mortgage books by the Registrar of Bahamian Ships on the
2nd April, 2008 at 10:16 hours as Mortgage B (the




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Mortgage)and a Deed of Covenant supplemental to the Mortgage (the Deed of Covenant)
bearing even date to the Mortgage.(D)
    
    By (a) a First Supplemental Agreement (the First Supplemental Agreement)
dated 17th March, 2009 made between (inter alios)the Owner and the Mortgagee
(the Principle Agreement as supplemented and amended by the First Supplemental
Agreement and as the same may from time to time be amended and/or supplemented
hereinafter referred to as the Loan Agreement),supplemental and amendatory to
the Principal Agreement, the Mortgagee, at the request of (inter alia) the Owner,
agreed to amend the terms and conditions of the Principal Agreement so as to, among
others, increase the Margin applicable to the Loan from 1.375% to 2%;and(E)
    
    the Owner and the Mortgagee wish by this Deed of Amendment to amend the Deed of
Covenant.
  1.
    
    Recital (B) of the Deed of Covenant is hereby amended to read as follows:
 (B)
    
    By a Loan Agreement (which as the same may from time to time be supplemented
and/or amended hereinafter called thePrincipal Agreement)dated 31stMarch, 2008 and made between (A) the Owner, as borrower (therein called the Borrower)
and (B) the Mortgagee, as lender (therein called the Bank) the Mortgagee agreed to
make available to the Borrower and under the terms and conditions set forth therein, a
secured floating interest rate loan facility in the sum of up to United States Dollars
twenty six million two hundred and fifty thousand (US$26,250,000) (theCommitment)
for the purposes therein specified..
 2.
    
    A new Recital (C) is hereby inserted in the Deed of Covenant (and the rest of the
Recitals in the Deed of Covenant are renumbered as required) reading as follows:
 (C)
    
    By a First Supplemental Agreement to Loan Agreement (thePrincipal
Agreement)dated 17thMarch, 2009 (theFirst Supplemental Agreement),
made between (inter alios) the Owner and the Mortgagee (the Principle Agreement as
supplemented and amended by the First Supplemental Agreement and/or as the same may
from time to time be amended and/or supplemented hereinafter called theLoan
Agreement),supplemental to and amendatory of the Principal Agreement, the Mortgagee
agreed (inter alia), upon the terms and conditions therein set forth, to further amend
the terms and conditions of the Principal Agreement as therein provided.
 3.
    
    Definition Loan Agreementis hereby amended to read as follows:
   Loan Agreement means the Loan Agreement dated 31 st March, 2008 mentioned
in Recital (B) hereto as amended by the First Supplemental Agreement and/or as the same
may from time to time hereafter be further amended and/or supplemented;
 4.
    
    Clause 2.2 of the Deed of Covenants is hereby amended to read as follows:
 The Owner will pay in accordance with Clause 3.1 of the Loan Agreement to the
Mortgagee interest on the Loan calculated on the actual number of days elapsed and
on the basis of a 360 day year for each Interest Period relative thereto at the
annual rate of interest which is conclusively certified by the




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Mortgagee to be the aggregate of (i) two points (2%) (theMargin)and (ii) the
rate per annum determined by the Mortgagee to be equal to the London Interbank
Offered Rate shown on Page 3750 of the Telerate Service for deposits in United
States Dollars in amounts comparable to the amount of the Loan for such Interest
Period at or about 11:00 a.m. (London time) two (2) business days prior to the
commencement of such Interest Period (theLIBOR).Such interest shall be paid in
arrears on the last day of each Interest Period, provided that, in the case of an
Interest Period during which one or more Repayment Date(s) fall(s), interest
accruing during such Interest Period shall be payable on each such Repayment Date
and on the last day of such Interest Period;Provided however,that the rate of interest for the Loan or the method of
computation thereof may be varied in accordance with Clause 3.6 of the Loan
Agreement; andProvided always,that the actual method of calculating the Interest Rate
payable in respect of the Loan or any part thereof and the dates for the payment
thereof shall be governed by the relevant provisions of the Loan Agreement.
 5.
    
    All terms and expressions not defined herein shall have the same meanings given
to them in the Agreement and/or the Deed of Covenant.
   THE OWNERSigned and Delivered as a DeedBy /s/ Ion Varouxakis
    )

    /s/ Ion Varouxakisfor and on
behalf of ADVENTURE NINE S.A.
    ))Witness
    
    /s/ Ioannis Fassolis
    ))Name:
    
    Ioannis Fassolis
    )Address:


    15 Sachtouri Street, Piraeus, GreeceOccupation: Attorney-at-Lawof Marshall Islands, in the presence of:




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THE MORTGAGEE
 EXECUTED as a DEED for and on behalf
    
    
    )of FBB-FIRST BUSINESS BANK S.A.
    
    
    )by
/s/ Mr. Nikolaos
Vougioukas
    
    
    ))its duly authorised Attorney-in-fact,
    
    
    )
    
    
    /s/ Nikolaos Vougioukasin the presence of:
    
    
    )
    
    
    Attorney-in-fact
 Witness:Name:
    
    Maria C. GalanopoulouAddress:
    
    13, Defteras Merarchias street, Piraeus, GreeceOccupation:
    
    Attorney-at-law