Exhibit 4.17

  

   

  

  
    

    DATED: 30Th MAY 2019

    EUROBANK ERGASIAS S.A.

    (THE BANK)

    -AND-

    EUROSEAS LTD.

      (AS “BORROWER”)

     

    

    
      


    SUPPLEMENTAL LETTER To FACILITY AGREEMENT (No.167)

      OF UP TO $45,000,000

    
      
 

     

    

     

    

     

    

     

    

     

    

     

    

    Alassia Building, 13 Defteras Merchias Street 185 35 Piraeus Greece. Tel +30 210 4138800, 210 8226801, Fax +30 210 4138809, 210
      8217869

     

    

    	
            In cooperation with Kyriakides Georgopoulos Law Firm

          	
            www.daniolos.gr

          


    
      
        


    

    INDEX

    	
            CLAUSE

          	
            PAGE

          
	
            1.

          	
            AGREEMENT

          	
            2

          
	
            2.

          	
            AMENDMENTS TO THE PRINCIPAL AGREEMENT

          	
            2

          
	
            3.

          	
            CONDITIONS

          	
            4

          
	
            4.

          	
            REPRESENTATIONS AND WARRANTIES

          	
            5

          
	
            5.

          	
            UNDERTAKING AND COVENANTS

          	
            5

          
	
            6.

          	
            CONTINUED FORCE AND EFFECT

          	
            5

          
	
            7.

          	
            FEES AND EXPENSES

          	
            5

          
	
            8.

          	
            NOTICES

          	
            5

          
	
            9.

          	
            COUNTERPARTS

          	
            5

          
	
            10.

          	
            LAW AND JURISDICTION

          	
            5

          
	
            SCHEDULE

          	
            10

          


    

    

    
      
        


    

    SUPPLEMENTAL LETTER

    
      
        	To:	
                EUROSEAS LTD.

                  (as Borrower)

              


      

    

    
      
        	To:	
                Jonathan John Shipping Ltd

                  Joanna Maritime Ltd

                  Allendale Investments S.A.

                  Manolis Shipping Limited

                  Alterwall Business Inc.

                  Athens shipping Ltd

                  Oinousses Navigation Ltd

                  Corfu Navigation Ltd

                  and

                  Bridge Shipping Ltd

                  (as Guarantors and Existing Owners)

              


      

    

    
      
        	To:	
                Eurobulk Ltd.

                  (as Approved Manager)

              


      

    

    Date: 30 May 2019

    Dear Sirs

    Facility agreement dated 21 November 2018 relating to a reducing revolving credit facility of up to $45,000.000

    We refer to:

    
      
        	(a)	
                a reducing revolving credit facility agreement dated 21 November 2018 (the “Principal Agreement” and as the same is hereby supplemented and/or amended and as it may
                  further amended, supplemented, novated or varied from time to time, the “Facility Agreement”) made between (i) Euroseas Ltd. as borrower, (ii) the banks and financial institutions listed in
                  Schedule 1 of the Principal Agreement, which on the date thereof and on the date hereof comprised only Eurobank Ergasias S.A., as lenders (the “Lenders” or “a
                    Lender”) and (iii) Eurobank Ergasias S.A., as security trustee (the “Security Trustee”), as agent (the “Agent”), as arranger (the “Arranger”) and as account bank (the “Account Bank” and together with the Lenders, the Security Trustee, the Agent, the Arranger and the Account Bank, the “Creditor Parties”), pursuant to which it was agreed that the Lender would make available for drawing through multiple advances to the Borrower a reducing revolving credit facility of up to Forty Five
                  Million Dollars ($45,000,000) (the “Facility”, which expression shall, where the context permits, also mean the amount of the facility from time to time outstanding) for the purposes and upon the
                  terms and conditions set out therein, of which the aggregate amount of Thirty Million Dollars ($30,000,000) representing all Existing Ship-Related Advances has been made available to the Borrower, out of which the amount of twenty eight
                  million two hundred thousand Dollars ($28,200,000) currently remains outstanding;

              


      

    

    
      
        	(b)	
                an Agency and Trust Deed dated 21 November 2018 and entered into pursuant to the Principal Agreement, it was, inter alia, agreed that the Security Trustee would hold the Trust Property on trust for the Lenders;

              


      

    

    
      
        	(c)	
                the Borrower’s request that:

              


      

    

    
      
        


    

    
    (i)            the Lender make
        available to the Borrower in accordance with the terms of the Principal Agreement two (2) New Ship-Related Advances in the aggregate amount of up to Twelve Million Dollars ($12,000,000) or 55% of the aggregate Market Value of the New Ship A and the
        New Ship B described in Schedule 2 (Ship Information) of the Principal Agreement as amended by this Supplemental Letter, both meeting the New Ship Financing Criteria;

    (ii)            the Creditor
        Parties provide their consent to the reduction of the Margin from four point forty per cent (4.40%) per annum to three point ninety per cent (3,90%) per annum from the Effective Date; and

    (iii)            the Creditor
        Parties provide their consent to the reduction of the amount to be held during the Facility Period as cash collateral to the Cash Collateral Deposit Account from the amount of Five Million Dollars ($5,000,000) to One Million Dollars ($1,000,000)
        and the release of the balance in the amount of Four Million Dollars ($4,000,000).

    Words and expressions defined in the Principal Agreement shall, unless the context otherwise requires or unless otherwise defined herein, have the same meanings when used in this
      Supplemental Letter.

    1.            Agreement. Subject to the satisfaction (or, as the case may be, in respect of some conditions, the waiver by us) of the conditions set out in clause 3 of this Supplemental Letter (which includes the Borrower,
        the Existing Owners and the Approved Manager countersigning this Supplemental Letter), we hereby confirm our consent to the requests referred to in paragraph (c) above and agree subject to Capital Control Approval to make available to the Borrower
        the two (2) New Ship-Related Advances referred thereto and the Principal Agreement to be amended as set out in clause 3 of this Supplemental Letter.

    2.            Amendments to the Principal Agreement. The Principal Agreement shall, with effect on and from the Effective Date (as such term is defined below), be (and it is hereby) amended in accordance with the following
        provisions (and the Principal Agreement (as so amended) will continue to be binding upon each Obligor upon such terms as so amended):

    
      
        	2.1	
                by inserting the following new definitions of “Effective Date” and “Supplemental Letter” in clause 1.2 of the Principal
                  Agreement in the correct alphabetical order:

              


      

    

    “Effective Date” has the meaning given to such term in the Supplemental Letter;”; and

    ‘“‘Supplemental Letter” means the supplemental letter dated 30 May 2019, supplemental to this Agreement issued by the
      Lender and the other Creditor Parties, accepted by the Borrower and countersigned (inter alias) by the Existing Owners and the Approved Manager at the time by way of confirmation of their obligations and consent to the arrangements of such letter;”;

    
      
        	2.2	
                by inserting the words “(j) the Supplemental Letter;” after the words “(i) this Agreement;” and re-lettering accordingly the remaining paragraphs in the definition of “Finance
                    Documents” in clause 1.2 of the Principal Agreement;

              


         

        

        
          2

          
            


        

      

    

    
      
        	2.3	
                by deleting the definitions of “Cash Collateral Deposit” and “Margin” in clause 1.2 of the Principal Agreement in their
                  entirety and by inserting in their place the following new definitions of “Cash Collateral Deposit” and “Margin”:

              


      

    

    ““Cash Collateral Deposit” means an interest bearing amount corresponding to One Million Dollars ($1,000,000) which is to be held during the
      Facility Period as cash collateral to the Cash Collateral Deposit Account;”;

    ““Margin” means three point ninety per cent (3.90%) per annum;”;

    
      
        	2.4	
                by inserting the following new paragraph (c) after paragraph b) of clause 19.3 of the Principal Agreement:

              


      

    

    “the Borrower does not comply with both terms of the written undertaking referred to in clause 3.2 (i) of the Supplemental Letter by 15 June 2019;”;

    
      
        	2.5	
                by inserting in Schedule 2 (Ship information) of the Principal Agreement after the block in relation to Ship 1, blocks for the New Ship A and the New Ship B as follows:

              


      

    

    New Ship A

    	
            Name of Ship

          	
            EM ASTORIA

          
	
            Description

          	
            Container

          
	
            Owner

          	
            GREGOS SHIPPING LIMITED

          
	
            Year of Built

          	
            2004

          
	
            Flag State

          	
            Liberia

          
	
            IMO Number

          	
            9243617

          
	
            Register/Official Number

          	
            15321

          
	
            Ship Commitment

          	
            $6,600,000

          


    New Ship B

    
      	
              Name of Ship

            	
              EVRIDIKI G

            
	
              Description

            	
              Container

            
	
              Owner

            	
              NOUMEA SHIPPING LTD

            
	
              Year of Built

            	
              2001

            
	
              Flag State

            	
              Liberia

            
	
              IMO Number

            	
              9231482

            
	
              Register/Official Number

            	
              13898

            
	
              Ship Commitment

            	
              $5,400,000

            


    

    

    

    
      3

      
        


    

    and by replacing Schedule 2 (Ship information) of the Principal Agreement by the Schedule attached hereto;

    
      
        	2.6	
                by deleting paragraph 9. of Part C of Schedule 4 (Condition Precedent Documents) of the Principal Agreement in its entirety and
                  by inserting in its place the following new paragraph 6.

              


      

    

    “9.            Evidence that
        the sum of One Million Dollars ($1,000,000) is standing to the credit of the Cash Collateral Deposit Account pursuant to the provisions of clause 12.5 of this Agreement.”;

    
      
        	2.7	
                by construing all references in the Principal Agreement to “this Agreement”, “hereunder” and the like and in the Finance Documents to the “Facility Agreement” as references to the Principal Agreement as amended
                  and supplemented by this Supplemental Letter.

              


      

    

    3.            Conditions.The agreement set out in clause 1 of this Supplemental Letter, with the exception of the reduction of Margin from four point forty per cent
        (4.40%) per annum to three point ninety per cent (3,90%) per annum referred to in clause 2.3 above which shall become effective as of 21 May 2019, shall become effective on the date all the following conditions are either satisfied or, as the case
        may be in respect of certain conditions, waived (such date being the “Effective Date”):

    3.1            the Borrower,
        the Existing Owners and the Approved Manager confirm their obligations under the Finance Documents to which they are a party and their agreement to the arrangements of this Supplemental Letter by accepting
        and counter-signing this Supplemental Letter by a duly authorised signatory or (as the case may be) by a director acceptable to us in all respects;

    
      
        	3.2	
                the Borrower deliver to us:

              


      

    

    (i)            a written
        undertaking executed by the Borrower that it will procure so that prior to 15/06/2019, the outstanding “Preferred Equity Instrument” will be reduced to Eight Million Dollars ($8,000,000), of which an amount not exceeding Four Million Three Hundred
        and Fifty Thousand Dollars ($4,350,000) shall be held by entities affiliated and/or controlled by Blackrock and Three Million Six Hundred and Fifty Thousand Dollars ($3,650,000) shall be held by Preferred Friends Investment Company Inc., a Marshall
        Islands corporation affiliated to a family disclosed in writing and approved by us prior to the date of such undertaking (the “Nominated Family”) and that the “Preferred Equity” coupon will be reduced to
        eight percent (8%) with effect from the date of reduction of the outstanding “Preferred Equity Instrument” to Eight Million Dollars ($8,000,000) until 29/01/2021, when it will be increased to fourteen percent (14%) (the “Preferred Equity Instrument Undertaking”); and

    (ii)            a legal opinion
        from a counselor with experience on the federal laws of the United States of America appointed by the Borrower and accepted by us, analyzing the risks for the Borrower under the “Preferred Equity Instrument”, in case the Borrower fails to service
        the preferred equity scheduled payments (or is otherwise in default) and confirming the seniority of all Borrower’s loans (including the Facility Agreement) towards the “Preferred Equity instrument”;

    
      4

      
        


    

    
      
        	3.3	
                all conditions of clause 4.1 to 4.6 and clause 9.1 of the Principal Agreement in relation to the advance of the two (2) New Ship-Related Advances have been fully satisfied and all documents and evidences
                  described in Schedule 4, Part C of the Principal Agreement have been received in form and substance satisfactory to the Agent and its lawyers on or before the Drawdown Date of such New Ship-Related Advances;

              


      

    

    4.            Representations and Warranties. Each of the Borrower and the Existing Owners by countersigning this Supplemental Letter represents and warrants to us that:

    
      
        	(a)	
                the representations and warranties contained in clause 10 of the Principal Agreement and in clause 10 of the Guarantee granted by each existing Owner are true and correct on the date of this Supplemental Letter
                  as if all references therein to “this Agreement” were references to the Principal Agreement as supplemented by this Supplemental Letter; and

              


      

    

    
      
        	(b)	
                this Supplemental Letter comprises the legal, valid and binding obligations of the Borrower and the Existing Owners enforceable in accordance with its terms.

              


      

    

    5.            Undertakings and Covenants. Each of the undertakings and covenants contained in the Principal Agreement (including those contained in clause 11, clause 12, clause 13, clause 14 and clause 15 of the Principal
        Agreement) shall be deemed to be repeated by the Borrower on the date of this Supplemental Letter.

    6.            Continued force and effect. Save as amended or deemed amended by this Supplemental Letter, the provisions of the Principal Agreement and the Finance Documents shall be continue in full force and effect and the
        Principal Agreement and this Supplemental Letter shall be read and construed as one instrument.

    7.            Fees and Expenses. The provisions of clause 20 (Fees and Expenses) of the Principal Agreement, as amended and supplemented by this Supplemental Letter, shall apply to
        this Supplemental Letter as if they were expressly incorporated in this Supplemental Letter with any necessary modification.

    8.            Notices. Clause 28 (Notices) of the Principal Agreement shall extend and apply to this Supplemental Letter as if the same were (mutatis mutandis) herein expressly set
        forth.

    9.            Counterparts. This Supplemental Letter (and any non-contractual obligations connected with it) shall be governed by and construed in accordance with English law, and may be executed in any number of
        counterparts, each of which shall be deemed an original).

    10.            Law and Jurisdiction. This Supplemental Letter (and any non-contractual obligations connected with it) shall be governed by and construed in accordance with English law
        and clause 30 (Law and Jurisdiction) of the Principal Agreement shall extend and apply to this Supplemental Letter as if the same were (mutatis mutandis) herein expressly set forth.

    Please confirm your acceptance to the foregoing terms and conditions by signing the acceptance at the foot of this Supplemental Letter.

    
      5

      
        


    

    

    

    Yours faithfully,

    	
            /s/ Stavros Yagos

          	
            /s/ Maria Gripaiou

          
	
            Stavros Yagos and Maria Gripaiou

          	
            Maria Gripaiou

          
	
            Attorney -in-fact

          	 
	
            for and on behalf of

          	 
	
            EUROBANK ERGASIAS S.A

          	 
	
            as Lender, Security Trustee, Agent, Arranger and Account Bank

             

          
	
            Accepted and agreed

             

          	 
	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            EUROSEAS LTD.

          	 
	
            as Borrower

          	 
	
            Dated: 30 May 2019

             

          	 


    

    

    COUNTERSIGNED this 30th day of May 2019 by Jonathan John Shipping Ltd which by its execution hereof, confirms and acknowledges
      that it has read and understood the terms and conditions of this Supplemental Letter, that it agrees in all respects to the same and that it confirms that the Finance Documents in connection with the Facility Agreement to which it is a party shall
      remain in full force and effect and shall continue to stand as security for the obligations of the Borrower under the Facility Agreement notwithstanding the arrangements contained in Supplemental Letter.

    	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            JONATHAN JOHN SHIPPING LTD

          	 
	
            as Guarantor/Existing Owner

          	 
	
            Dated: 30 May 2019

          	 


    

    

    COUNTERSIGNED this 30th day of May 2019 by Joanna Maritime Ltd which by its execution hereof, confirms and acknowledges that it
      has read and understood the terms and conditions of this Supplemental Letter, that it agrees in all respects to the same and that it confirms that the Finance Documents in connection with the Facility Agreement to which it is a party shall remain in
      full force and effect and shall continue to stand as security for the obligations of the Borrower under the Facility Agreement notwithstanding the arrangements contained in its Supplemental Letter.

    	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            JOANNA MARITIME LTD

          	 
	
            as Guarantor/Existing Owner

          	 
	
            Dated: 30 May 2019

          	 


    
      6

      
        


    

    

    

    COUNTERSIGNED this 30th day of May 2019 by Allendale Investments S.A. which by its execution hereof, confirms and acknowledges
      that it has read and understood the terms and conditions of this Supplemental Letter, that it agrees in all respects to the same and that it confirms that the Finance Documents in connection with the Facility Agreement to which it is a party shall
      remain in full force and effect and shall continue to stand as security for the obligations of the Borrower under the Facility Agreement notwithstanding the arrangements contained in this Supplemental Letter.

    	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            ALLENDALE INVESTMENTS S.A.

          	 
	
            as Guarantor/Existing Owner

          	 
	
            Dated: 30 May 2019

          	 


    

    

    COUNTERSIGNED this 30th day of May 2019 by Manolis Shipping Limited which by its execution hereof, confirms and acknowledges that
      it has read and understood the terms and conditions of this Supplemental Letter, that it agrees in all respects to the same and that it confirms that the Finance Documents in connection with the Facility Agreement to which it is a party shall remain
      in full force and effect and shall continue to stand as security for the obligations of the Borrower under the Facility Agreement notwithstanding the arrangements contained in this Supplemental Letter.

    	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            MANOLIS SHIPPING LIMITED

          	 
	
            as Guarantor/Existing Owner

          	 
	
            Dated: 30 May 2019

          	 


    

    

    COUNTERSIGNED this 30th day of May 2019 by Alterwall Business Inc. which by its execution hereof, confirms and acknowledges that
      it has read and understood the terms and conditions of this Supplemental Letter, that it agrees in all respects to the same and that it confirms that the Finance Documents in connection with the Facility Agreement to which it is a party shall remain
      in full force and effect and shall continue to stand as security for the obligations of the Borrower under the Facility Agreement notwithstanding the arrangements contained in this Supplemental Letter.

    	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            ALTERWALL BUSINESS INC.

          	 
	
            as Guarantor/Existing Owner

          	 
	
            Dated: 30 May 2019

          	 


    

    

    
      7

      
        


    

    

    

    COUNTERSIGNED this 30th day of May 2019 by Athens shipping Ltd which by its execution hereof, confirms and acknowledges that it
      has read and understood the terms and conditions of this Supplemental Letter, that it agrees in all respects to the same and that it confirms that the Finance Documents in connection with the Facility Agreement to which it is a party shall remain in
      full force and effect and shall continue to stand as security for the obligations of the Borrower under the Facility Agreement notwithstanding the arrangements contained in is Supplemental Letter.

    

    

    	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            ATHENS SHIPPING LTD

          	 
	
            as Guarantor/Existing Owner

          	 
	
            Dated: 30 May 2019

          	 


    

    

    COUNTERSIGNED this 30th day of May 2019 by Oinousses Navigation Ltd which by its execution hereof, confirms and acknowledges that
      it has read and understood the terms and conditions of this Supplemental Letter, that it agrees in all respects to the same and that it confirms that the Finance Documents in connection with the Facility Agreement to which it is a party shall remain
      in full force and effect and shall continue to stand as security for the obligations of the Borrower under the Facility Agreement notwithstanding the arrangements contained in this Supplemental Letter.

    	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            OINOUSSES NAVIGATION LTD

          	 
	
            as Guarantor/Existing Owner

          	 
	
            Dated: 30 May 2019

          	 


    

    

    COUNTERSIGNED this 30th day of May 2019 by Corfu Navigation Ltd which by its execution hereof, confirms and acknowledges that it
      has read and understood the terms and conditions of this Supplemental Letter, that it agrees in all respects to the same and that it confirms that the Finance Documents in connection with the Facility
      Agreement to which it is a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrower under the Facility Agreement notwithstanding the arrangements contained in this Supplemental Letter.

    	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            CORFU NAVIGATION LTD

             

          	 
	
            as Guarantor/Existing Owner

          	 
	
            Dated: 30 May 2019

          	 


    

    

    
      8

      
        


    

    

    

    COUNTERSIGNED this 30th day of May 2019 by Bridge Shipping Ltd which by its execution hereof, confirms and acknowledges that it
      has read and understood the terms and conditions of this Supplemental Letter, that it agrees in all respects to the same and that it confirms that the Finance Documents in connection with the Facility Agreement to which it is a party shall remain in
      full force and effect and shall continue to stand as security for the obligations of the Borrower under the Facility Agreement notwithstanding the arrangements contained in this Supplemental Letter.

    	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            BRIDGE SHIPPING LTD

          	 
	
            as Guarantor/Existing Owner

          	 
	
            Dated: 30 May 2019

          	 


    

    

    COUNTERSIGNED this 30th day of May 2019 by Eurobulk Ltd. which by its execution hereof, confirms and acknowledges that it has
      read and understood the terms and conditions of this Supplemental Letter, that it agrees in all respects to the same and that it confirms that the Finance Documents in connection with the Facility Agreement to which it is a party shall remain in full
      force and effect and shall continue to stand as security for the obligations of the Borrower under the Facility Agreement notwithstanding the arrangements contained in this Supplemental Letter.

    

    

    	
            /s/ S. Karmiri

          	 
	
            by S. Karmiri

          	 
	
            for and on behalf of

          	 
	
            EUROBULK LTD.

          	 
	
            as Approved Manager

          	 
	
            Dated: 30 May 2019

          	 


    

    

    
      9

      
        


    

    

    

    SCHEDULE

    Ship information

    Ship A

    	
            Name of Ship

          	
            AEGEAN EXPRESS

          
	
            Description

          	
            Container

          
	
            Owner

          	
            JONATHAN JOHN SHIPPING LTD

          
	
            Year of Built

          	
            1997

          
	
            Flag State

          	
            Panama

          
	
            IMO Number

          	
            9138161

          
	
            Register/Official Number

          	
            26618-PEXT-5

          
	
            Ship Commitment

          	
            $2,375,000

          


    

    

    Ship B

    	
            Name of Ship

          	
            JOANNA

          
	
            Description

          	
            Container

          
	
            Owner

          	
            JOANNA MARITIME LTD

          
	
            Year of Built

          	
            1999

          
	
            Flag State

          	
            Liberia

          
	
            IMO Number

          	
            9204477

          
	
            Register/Official Number

          	
            16118

          
	
            Ship Commitment

          	
            $3,250,000

          


    

    

    Ship C

    	
            Name of Ship

          	
            KUO HSIUNG

          
	
            Description

          	
            Container

          
	
            Owner

          	
            ALLENDALE INVESTMENTS S.A.

          
	
            Year of Built

          	
            1993

          
	
            Flag State

          	
            Panama

          
	
            IMO Number

          	
            9055448

          
	
            Register/Official Number

          	
            20825-93-F

          
	
            Ship Commitment

          	
            $1,875,000

          


    

    

    
      10

      
        


    

    

    

    Ship D

    	
            Name of Ship

          	
            MANOLIS P.

          
	
            Description

          	
            Container

          
	
            Owner

          	
            MANOLIS SHIPPING LIMITED

          
	
            Year of Built

          	
            1995

          
	
            Flag State

          	
            Marshall Islands

          
	
            IMO Number

          	
            9101493

          
	
            Register/Official Number

          	
            2849

          
	
            Ship Commitment

          	
            $2,375,000

          


    

    

    Ship E

    	
            Name of Ship

          	
            NINOS

          
	
            Description

          	
            Container

          
	
            Owner

          	
            ALTERWALL BUSINESS INC.

          
	
            Year of Built

          	
            1990

          
	
            Flag State

          	
            Panama

          
	
            IMO Number

          	
            8909082

          
	
            Register/Official Number

          	
            27893-01-F

          
	
            Ship Commitment

          	
            $1,500,000

          


    

    

    Ship F

     

    

    	
            Name of Ship

          	
            EM ATHENS

          
	
            Description

          	
            Container

          
	
            Owner

          	
            ATHENS SHIPPING LTD

          
	
            Year of Built

          	
            2000

          
	
            Flag State

          	
            Marshall Islands

          
	
            IMO Number

          	
            9203538

          
	
            Register/Official Number

          	
            4019

          
	
            Ship Commitment

          	
            $4,250,000

          


    

    

    
      11

      
        


    

    

    

    Ship G

    	
            Name of Ship

          	
            EM OINOUSSES

          
	
            Description

          	
            Container

          
	
            Owner

          	
            OINOUSSES NAVIGATION LTD

          
	
            Year of Built

          	
            2000

          
	
            Flag State

          	
            Marshall Islands

          
	
            IMO Number

          	
            9203514

          
	
            Register/Official Number

          	
            4018

          
	
            Ship Commitment

          	
            $4,250,000

          


    

    

    Ship H

    	
            Name of Ship

          	
            EM CORFU

          
	
            Description

          	
            Container

          
	
            Owner

          	
            CORFU NAVIGATION LTD

          
	
            Year of Built

          	
            2001

          
	
            Flag State

          	
            Marshall Islands

          
	
            IMO Number

          	
            9231494

          
	
            Register/Official Number

          	
            7209

          
	
            Ship Commitment

          	
            $4,750,000

          


    

    

    Ship I

    	
            Name of Ship

          	
            AKINADA BRIDGE

          
	
            Description

          	
            Container

          
	
            Owner

          	
            BRIDGE SHIPPING LTD

          
	
            Year of Built

          	
            2001

          
	
            Flag State

          	
            Panama

          
	
            IMO Number

          	
            9224532

          
	
            Register/Official Number

          	
            21874-01-D

          
	
            Ship Commitment

          	
            $5,375,000

          


    

    

    
      12

      
        


    

    

    

    New Ship A

    	
            Name of Ship

          	
            EM ASTORIA

          
	
            Description

          	
            Container

          
	
            Owner

          	
            GREGOS SHIPPING LIMITED

          
	
            Year of Built

          	
            2004

          
	
            Flag State

          	
            Liberia

          
	
            IMO Number

          	
            9243617

          
	
            Register/Official Number

          	
            15321

          
	
            Ship Commitment

          	
            $6,600,000

          


    

    

    New Ship B

    	
            Name of Ship

          	
            EVRIDIKI G

          
	
            Description

          	
            Container

          
	
            Owner

          	
            NOUMEA SHIPPING LTD

          
	
            Year of Built

          	
            2001

          
	
            Flag State

          	
            Liberia

          
	
            IMO Number

          	
            9231482

          
	
            Register/Official Number

          	
            13898

          
	
            Ship Commitment

          	
            $5,400,000

          


    

    

  

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