Company’s name

Gain or (loss) in 2010 and 2011 (2nd quarter)

Tactics

Strategies

“Star Bulk carriers”

$6 m and $1.7 m

Resort to time charters

Fleet expansion (buying 4 Capes)

“Top ships”

($103.5) in 2011 (excluding impairment charges)

____

____

“Eagle bulk shipping”

$11 m in 2010; ($1.4) in 2011

______

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“Diana shipping”

$33.9 m in 2010; $27.7 m in 2011

Relied on past time charters

_____

“CMB-Belgium/Bocimar”

?2.7 m in 2010; ?2.4 m in 2011 (half year)

Rely on past time charters

_____

“TBS Int.”-bulk carriers/multi-purposes

$9.7 m in 2010;

$14.4 m in 2011

Raise funds to repay loans

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Paragon

Revenue $169 m 2008; $161 m 2009; $9.1 m net income 1st Q 2010 (−52%); operating income37 $94 m in 2008; $69 m net income in 2008; $79 m in 2009 $65 m net profit in 2009; the TCE was $29,882/d in 2009 and $37,179/d 2008 (−20%). ($16.8 m) in 2011.

See detailed analysis below

See detailed analysis below.