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Vessel Capital Commitments

As at 31 December 2017, the Group had commitments of US$20.8 million for one Supramax vessel, which delivered to the Group in January 2018.

As at 31 December 2017, the Group had options to purchase 10 Handysize, 3 Supramax and 1 Post-Panamax vessels at predetermined times and prices during the period of their leases. These options are not expected to be exercised under current market conditions.

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