This proprietary and structured investment in the shipping sector was made in 2011. The Company owned 3 modern 57,000 DWT Supramax Bulk Carriers, which were deployed on short-term time charters with reputable companies across various global shipping routes. As part of exit strategy, the Company sold its fleet of three Supramax bulk carrier vessels and the proceeds of the sale were used to covered all outstanding liabilities. The Company is now in the process of liquidation.