0000950157-12-000268.txt : 20120629 0000950157-12-000268.hdr.sgml : 20120629 20120629161604 ACCESSION NUMBER: 0000950157-12-000268 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120629 DATE AS OF CHANGE: 20120629 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Livanos Peter G. CENTRAL INDEX KEY: 0001553413 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: C/O GASLOG MONACO SAM STREET 2: GILDO PASTOR CENTER 7 RUE DU GABIAN CITY: MONACO STATE: O9 ZIP: 98000 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GasLog Ltd. CENTRAL INDEX KEY: 0001534126 STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-86887 FILM NUMBER: 12936248 BUSINESS ADDRESS: STREET 1: Gildo Pastor Center STREET 2: 7 Rue Du Gabian CITY: MC STATE: O9 ZIP: 98000 BUSINESS PHONE: 377 97 97 51 15 MAIL ADDRESS: STREET 1: Gildo Pastor Center STREET 2: 7 Rue Du Gabian CITY: MC STATE: O9 ZIP: 98000 SC 13D 1 sc13d.htm SCHEDULE 13D sc13d.htm

 


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934


GasLog Ltd.

(Name of Issuer)

Common Shares, par value $0.01 per share

(Title of Class of Securities)

G37585109

(CUSIP Number)

Peter G. Livanos
c/o Gaslog Monaco S.A.M.
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco

Copies to:

William P. Rogers, Jr., Esq.
Cravath, Swaine & Moore LLP
Worldwide Plaza
825 Eighth Avenue
New York, New York 10019
+1 (212) 474-1000
(telephone number)
+1 (212) 474-3700
(facsimile number)
Charles Lubar, Esq.
Morgan, Lewis & Bockius LLP
Condor House
5-10 St. Paul’s Churchyard
London, ENGLAND EC4M 8AL
+44 (0)20 3201 5531
(telephone number)
+44 (0)20 3201 5001
(facsimile number)

 
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

June 21, 2012 
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-l(f) or 240.13d-l(g), check the following box.  ¨
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
 
 
 


 
 
 
 

 
 
CUSIP No. G37585109
 
1
Names of Reporting Persons
 
Peter G. Livanos
2
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)       x
(b)       o
3
SEC Use Only
 
 
4
Source of Funds (See Instructions)
 
PF
5
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
 
Greece and the United Kingdom
Number of
Shares
Beneficially
Owned By
Each
Reporting
Person
With
7
Sole Voting Power
 
32,060,532
8
Shared Voting Power
 
145,000
9
Sole Dispositive Power
 
32,060,532
10
Shared Dispositive Power
 
145,000
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
32,205,532
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
 
¨
13
Percent of Class Represented by Amount in Row (11)
 
51.2%
14
Type of Reporting Person (See Instructions)
 
IN
 
 
 
 

 
 
CUSIP No. G37585109
 
1
Names of Reporting Persons
 
Ceres Shipping Ltd.
2
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)       x
(b)       o
3
SEC Use Only
 
4
Source of Funds (See Instructions)
 
AF
5
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
 
Bermuda
Number of
Shares
Beneficially
Owned By
Each
Reporting
Person
With
7
Sole Voting Power
 
31,989,104
8
Shared Voting Power
 
 
9
Sole Dispositive Power
 
31,989,104
10
Shared Dispositive Power
 
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
31,989,104
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
 
¨
13
Percent of Class Represented by Amount in Row (11)
 
51.0%
14
Type of Reporting Person (See Instructions)
 
CO
 
 
 

 
 
CUSIP No. G37585109
 
1
Names of Reporting Persons
 
Blenheim Holdings Ltd.
2
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)       x
(b)       o
3
SEC Use Only
 
4
Source of Funds (See Instructions)
 
OO
5
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
 
Bermuda
Number of
Shares
Beneficially
Owned By
Each
Reporting
Person
With
7
Sole Voting Power
 
31,989,104
8
Shared Voting Power
 
 
9
Sole Dispositive Power
 
31,989,104
10
Shared Dispositive Power
 
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
31,989,104
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
 
¨
13
Percent of Class Represented by Amount in Row (11)
 
51.0%
14
Type of Reporting Person (See Instructions)
 
CO
 
 
 

 
 
CUSIP No. G37585109
 
1
Names of Reporting Persons
 
Falconera Navigation Inc.
2
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)       o
(b)       x
3
SEC Use Only
 
4
Source of Funds (See Instructions)
 
WC
5
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
 
¨
6
Citizenship or Place of Organization
 
Panama
Number of
Shares
Beneficially
Owned By
Each
Reporting
Person
With
7
Sole Voting Power
 
145,000
8
Shared Voting Power
 
 
9
Sole Dispositive Power
 
145,000
10
Shared Dispositive Power
 
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
145,000
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
 
¨
13
Percent of Class Represented by Amount in Row (11)
 
0.2%
14
Type of Reporting Person (See Instructions)
 
CO
 
 
 
 

 
 
Item 1.  Security and Issuer
 
The class of equity securities to which this statement relates is the Common Shares, par value $0.01 per share (the “Shares”), of GasLog Ltd., a Bermuda company (the “Issuer”).  The principal executive offices of the Issuer are located at c/o GasLog Monaco S.A.M., Gildo Pastor Center, 7 Rue du Gabian, 98000, Monaco.
 
Item 2.  Identity and Background
 
Reporting Person/
Director/Officer/Control Person
of a Reporting Person
Address of
Principal Office/Business or
Residence Address
Jurisdiction of Incorporation/
Citizenship
Name/Address of
Employer and Occupation
Principal Business
Peter G. Livanos
 
c/o Gaslog Monaco S.A.M.
Gildo Pastor Center
7 Rue du Gabian
 98000, Monaco
Greece and
United Kingdom
 
GasLog Ltd.
c/o GasLog Monaco S.A.M.
Gildo Pastor Center
7 Rue du Gabian
 98000, Monaco
 
Chairman and
Chief Executive Officer
 
Ceres Shipping Ltd.
 
Chairman and
sole shareholder
international owner, operator and manager of LNG carriers
 
 
 
 
 
 
 
See below
 
Blenheim Holdings Ltd. (“Blenheim”)
 
c/o C Transport Maritime SAM
Gildo Pastor Center
7 Rue du Gabian
 98000, Monaco
Bermuda
 
N/A
 
holding company
 
 
 
Directors
         
 
Peter G.  Livanos
See above
See above
See above
See above
 
Philip Radziwill
 
c/o GasLog Monaco S.A.M.
Gildo Pastor Center
7 Rue du Gabian
 98000, Monaco
Greece
 
GasLog Ltd.
c/o GasLog Monaco S.A.M.
Gildo Pastor Center
7 Rue du Gabian
 98000, Monaco
 
Vice Chairman and Director
See above
 
 
John Michail Radziwill
 
c/o C Transport Maritime S.A.M.
Gildo Pastor Center
7 Rue du Gabian
 98000, Monaco
Greece
 
C Transport Maritime S.A.M.
Gildo Pastor Center
7 Rue du Gabian
 98000, Monaco
 
General Manager
international operator and manager of drybulk carriers
 
 
 
 
 

 
 
 
Reporting Person/
Director/Officer/Control Person
of a Reporting Person
Address of
Principal Office/Business or
Residence Address
Jurisdiction of Incorporation/
Citizenship
Name/Address of
 Employer and Occupation
Principal Business
 
Ilias Iliopoulos
c/o C Transport Maritime S.A.M.
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
Greece
DryLog Ltd.
c/o C Transport Maritime S.A.M.
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
 
Chief Executive Officer
 
Ceres Shipping Ltd.
Clarendon House, 2 Church Street, Hamilton, Bermuda
 
Chief Executive Officer
international operator and manager of drybulk carriers
See below
 
Officers
 
 
Chief Executive Officer
Frank J. Romanelli
c/o Carras SCP
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
U.S.A.
Carras Ltd.
c/o Carras SCP
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
 
Chief Executive Officer
shipping company
 
Secretary
Codan Services Ltd.
Clarendon House, 2 Church Street, Hamilton, Bermuda
Bermuda
 
local agents
Ceres Shipping Ltd. (“Ceres”)
Clarendon House, 2 Church Street, Hamilton, Bermuda
Bermuda
N/A
holding company that has interests in tankers, dry bulk carriers and containerships
 
Directors
       
 
Peter G. Livanos
See above
See above
See above
See above
 
Bruce L. Blythe
Minera Mews
London SW1W 96D
U.S.A. and United Kingdom
GasLog Ltd.
c/o GasLog Monaco S.A.M.
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
 
Director
 
Ceres Shipping Ltd.
Clarendon House, 2 Church Street, Hamilton, Bermuda
 
Director
See above
See above
 
 
 
 

 
 
 
Reporting Person/
Director/Officer/Control Person
of a Reporting Person
Address of
Principal Office/Business or
Residence Address
Jurisdiction of Incorporation/
Citizenship
Name/Address of
Employer and Occupation
Principal Business
 
Jean Haramis
c/o Ceres Monaco S.A.M.
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
Switzerland
c/o Ceres Monaco S.A.M.
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
 
Managing Director
family office
 
Officers
   
 
Chairman
Peter G. Livanos
See above
See above
See above
See above
 
Vice Chairman
Bruce L. Blythe
See above
See above
See above
See above
 
Secretary
Codan Services Ltd.
See above
See above
See above
See above
 
Chief Executive Officer
Ilias Iliopoulos
See above
See above
See above
See above
 
Chief Financial Officer
Luigi Pulcini
c/o C Transport Maritime S.A.M.
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
Italy
C Transport Maritime S.A.M.
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
international operator and manager of drybulk carriers
 
Chief Operating Officer
Antonios Bafes
C Transport Maritime (Hellas) Ltd.
80 Broad Street
Monrovia, Liberia, with a branch office at
69 Akti Miaouli
Piraeus 18537, Greece
Greece
Greek Branch Office of C Transport Maritime (Hellas) Ltd.
69 Akti Miaouli
Piraeus 18537, Greece
 
Legal Representative
manager of dry bulk vessels
Falconera Navigation Inc. (“Falconera”)
c/o C Transport Maritime S.A.M.
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
Panama
N/A
investment holding company
 
Directors
         
 
Fotini Carras Livanos
Le Formentor
27 Avenue Princesse Grace
98000, Monaco
United Kingdom
N/A
N/A
 
Peter G. Livanos
See above
See above
See above
See above
 
Dimitrios P. Tsakos
c/o Seres S.A.
69 Akti Miaouli
Piraeus 18537, Greece
Greece
Seres S.A.
69 Akti Miaouli
Piraeus 18537, Greece
 
Managing director
shipping agency
 
 
 
 

 
 

Reporting Person/
Director/Officer/Control Person
of a Reporting Person
Address of
Principal Office/Business or
Residence Address
Jurisdiction of Incorporation/
Citizenship
Name/Address of
Employer and Occupation
Principal Business
 
Stanislao Faina
c/o C Transport Maritime S.A.M.
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
Italy
C Transport Maritime SAM
Gildo Pastor Center
7 Rue du Gabian
98000, Monaco
 
Legal and Corporate
operator and manager of drybulk carriers
 
Officers
   
 
President
Fotini Carras Livanos
See above
See above
See above
See above
 
Vice-president/Treasurer
Peter G. Livanos
See above
See above
See above
See above
 
Vice-president
Dimitrios P. Tsakos
See above
See above
See above
See above
 
Secretary
Stanislao Faina
See above
See above
See above
See above
 
During the last five years, none of the Reporting Persons or directors, officers or other control persons of a Reporting Person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
 
Item 3.  Source and Amount of Funds or Other Consideration
 
Between June 21 and June 26, 2012, Falconera purchased a total of 145,000 Shares in the open market at an average price of $10.22 per Share, for an aggregate purchase price of approximately $1.48 million.  The source of funds for such purchase was available corporate funds of Falconera.
 
The following prior acquisitions were not previously required to be reported on this Schedule:
 
In April 2012, Peter G. Livanos purchased 71,428 Shares in a private placement that was consummated concurrently with the initial public offering of the Issuer at a price of $14.00 per Share, for an aggregate purchase price of approximately $999,992.00.  The source of funds for such purchase was personal funds of Mr. Livanos.
 
In January 2012, Blenheim purchased 801,346 Shares from Mr. Jeppe Jensen, the former chief executive officer of the Issuer. The source of the funds for such purchase was available funds of Blenheim and capital contributions by the shareholders of Blenheim.
 
In June 2011, Blenheim acquired 35,700,000 Shares by way of a contribution from its majority shareholder, Ceres, for which no consideration was paid.
 
 
 
 

 
 
Item 4.  Purpose of Transaction
 
The Shares to which this statement relates were acquired by the Reporting Persons with the purpose of investing in the Issuer’s securities.
 
The Reporting Persons intend to review their holdings in the Company on a continuing basis and, depending upon the price and availability of the Issuer’s securities, subsequent developments affecting the Issuer, the business prospects of the Issuer, general stock market and economic conditions, tax considerations, investment considerations and/or other factors deemed relevant, may consider increasing or decreasing their investment in the Issuer, including through one or more open market purchases or private transactions.  The timing and amount of such acquisitions or dispositions will depend on the conditions and considerations described in the preceding sentence and may be entered into pursuant to a Rule 10b5-1 plan.  As part of this ongoing review, the Reporting Persons have engaged and/or may in the future engage, legal and financial advisors to assist them in such review and in evaluating strategic alternatives that are or may become available with respect to their holdings in the Issuer.
 
Peter G. Livanos is the indirect majority shareholder of the Issuer and the Chief Executive Officer and chairman of the board of directors of the Issuer (the “Board”) and, in such capacities, Mr. Livanos and the Reporting Persons may have influence over the corporate activities of the Issuer, including the activities described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
 
Except as set forth in this Schedule 13D, none of the Reporting Persons has any plan or proposal that relates to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.  However, each of the Reporting Persons reserves the right to change its plans at any time, as it deems appropriate, in light of its ongoing evaluation of (i) its business and liquidity objectives; (ii) the Issuer’s financial condition, business, operations, competitive position, prospects and/or share price; (iii) industry, economic and/or securities markets conditions; (iv) alternative investment opportunities; and (v) other relevant factors.  Without limiting the generality of the preceding sentence, each of the Reporting Persons reserves the right (subject to any applicable restrictions under law or other contracts) to at any time or from time to time (A) purchase or otherwise acquire additional Shares or other securities of the Issuer, or instruments convertible into or exercisable for any such securities (collectively, “Issuer Securities”), in the open market, in privately negotiated transactions or otherwise; (B) sell, transfer or otherwise dispose of Issuer Securities in public or private transactions; (C) acquire or write options contracts, or enter into derivatives or hedging transactions, relating to Issuer Securities; and/or (D) encourage (including, without limitation, through Mr. Livanos’ position on the Board and/or communications with directors, management and existing or prospective security holders, investors or lenders of the Issuer, existing or potential strategic partners, industry analysts, and other investment and financing professionals) the Issuer to consider or explore the following: (i) sales or acquisitions of assets or businesses or extraordinary corporate transactions, such as a merger (including transactions in which affiliates of Reporting Persons may be proposed as acquirers or as a source of financing); (ii) changes to the Issuer’s capitalization or dividend policy; (iii) changes to the present Board, including changes to the number or term of Board members or filling existing vacancies on the Board; (iv) changes to the Issuer’s bye-laws; and (v) other changes to the Issuer’s business or structure.
 
 
 
 

 
 
Item 5.  Interest in Securities of the Issuer
 
(a)           See item 9 on Cover Pages to this Schedule 13D.  Percentages are based on 62,863,166 Shares outstanding immediately after the consummation of the Issuer’s initial public offering on April 4, 2012.
 
Peter G. Livanos.  Peter G. Livanos is the direct beneficial owner of 71,428 Shares.
 
Ceres.  Mr. Livanos beneficially owns 100% of the outstanding equity of Ceres.  Ceres does not directly own any Shares.
 
Blenheim.  Ceres beneficially owns 60% of the outstanding equity of Blenheim, and, pursuant to the bye-laws of Blenheim:
 
“any question relevant to the voting or the sale, transfer or other disposal of any shares of [the Issuer] held from time to time by [Blenheim], and the disposition of any proceeds thereof, . . . shall be decided by the affirmative votes of a majority of the outstanding shares”.

Blenheim is the direct beneficial owner of 31,989,104 Shares.
 
Falconera.  Falconera is the direct beneficial owner of 145,000 Shares.   Mr. Livanos is an officer and a member of the board of directors of Falconera.  Accordingly, he may be deemed to have shared voting and/or dispositive power over the Shares owned by Falconera.  In addition, Falconera owns 5% of the outstanding equity interests of Blenheim, but Falconera does not have sole or shared control over the voting or disposition of the Shares owned by Blenheim.
 
Mr. Livanos, Blenheim and Ceres disclaim beneficial ownership of the Shares owned by Falconera, and Falconera disclaims beneficial ownership of the Shares owned by Mr. Livanos, Blenheim and Ceres.
 
Except as set forth in this Item 5(a), none of the Reporting Persons owns beneficially any Shares.
 
(b)           Number of Shares as to which each Reporting Person has:
 
(i)           Sole power to vote or to direct the vote: See item 7 on Cover Pages to this Schedule 13D.
 
(ii)          Shared power to vote or to direct the vote: See item 8 on Cover Pages to this Schedule 13D.
 
(iii)         Sole power to dispose or to direct the disposition: See item 9 on Cover Pages to this Schedule 13D.
 
(iv)        Shared power to dispose or to direct the vote: See item 10 on Cover Pages to this Schedule 13D.
 
(c)           Between June 21 and June 26, 2012, Falconera purchased a total of 145,000 Shares in the open market at an average price of $10.22 per Share, for an aggregate purchase price of approximately $1.48 million.
 
 
 
 

 
 
Except as described in this Item 5(c), there have been no transactions in the Shares effected during the past 60 days by any of the Reporting Persons.
 
(d)           Inapplicable.
 
(e)           Inapplicable.
 
Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
 
On June 29, 2012, each of the Reporting Persons entered into an agreement (the “Joint Filing Agreement”) in which the parties agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect the securities of the Issuer to the extent required by applicable law.  This summary of the Joint Filing Agreement is qualified in its entirety by reference to the Joint Filing Agreement, a copy of which is attached hereto as Exhibit 1 and incorporated herein by reference.
 
Except for the Joint Filing Agreement, to the best knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships (legal or otherwise), including, but not limited to, transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, between the persons enumerated in Item 2, and any other person, with respect to any securities of the Issuer, including any securities pledged or otherwise subject to a contingency the occurrence of which would give another person voting power or investment power over such securities other than standard default and similar provisions contained in loan agreements.
 
Item 7.  Material to be Filed as Exhibits
 
Exhibit 1
 
Joint Filing Agreement dated as of June 29, 2012 among the Reporting Persons
 
 
 
 
 

 
 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date:  June 29, 2012
 
Peter G. Livanos
   
   
By:
/s/ Peter G. Livanos 
 
 
Blenheim Holdings Ltd.
   
   
By:
/s/ Peter G. Livanos
Name:
Peter G. Livanos
Title:
Director
 
 
Ceres Shipping Ltd.
   
   
By:
/s/ Peter G. Livanos
Name:
Peter G. Livanos
Title:
Director
 
 
Falconera Navigation Inc.
   
   
By:
/s/ Peter G. Livanos
Name:
Peter G. Livanos
Title:
Director
 
 
 

 
EX-1 2 ex-1.htm JOINT FILING AGREEMENT ex-1.htm
 
Exhibit 1
 
Joint Filing Agreement
 
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agree to (i) the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Common Shares, par value $0.01 per share, of GasLog Ltd. and (ii) that this Joint Filing Agreement be included as an exhibit to such joint filing, provided that, as contemplated by Section 13d-1(k)(ii), no person shall be responsible for the completeness and accuracy of the information concerning the other persons making the filing unless such person knows or has reason to believe such information is inaccurate.
 
The Joint Filing Agreement may be executed in any number of counterparts all of which together shall constitute one and the same instrument.
 
[Signature page follows]
 
 
 
 
 

 
 
 

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of this 29th day of June, 2012.
 
Peter G. Livanos
 
 
By: /s/ Peter G. Livanos
 
 
Blenheim Holdings Ltd.
 
 
By: /s/ Peter G. Livanos
Name: Peter G. Livanos
Title: Director
  
 
Ceres Shipping Ltd.
 
 
By: /s/ Peter G. Livanos
Name: Peter G. Livanos
Title: Director
 
 
Falconera Navigation Inc.
 
 
By: /s/ Peter G. Livanos
Name: Peter G. Livanos
Title: Director