Bulk Carrier Capacity (DWT)Entry DateFill start dateInitial...

	Bulk Carrier	Capacity (DWT)	Entry Date	Fill start date	Initial scheduled exit date	Actual Exit Date	Loading time (days)	Daily Loading Rate	Days in Port	Quarter
1	Indian Partnership	181,012	5/04/2023	5/04/2023	17/04/2023	19/04/2023	14	12,929	14	Q2
2	Berge Stanley	180,145	15/04/2023	20/04/2023	1/05/2023	4/05/2023	14	12,868	19	Q2
3	Wen Hua Star	178,394	3/05/2023	4/05/2023	16/05/2023	16/05/2023	12	14,866	13	Q2
4	Rio Dulce	178,076	9/05/2023	16/05/2023	28/05/2023	27/05/2023	11	16,189	18	Q2
5	Berge Cristobel	177,253	25/05/2023	27/05/2023	8/06/2023	7/06/2023	11	16,114	13	Q2
6	Bei Ji Star	180,180	5/06/2023	7/06/2023	20/06/2023	18/06/2023	11	16,380	13	Q2
7	Wen Hua Star	178,394	15/06/2023	18/06/2023	29/06/2023	29/06/2023	11	16,218	14	Q2
8	Navios Etoile	179,234	26/06/2023	29/06/2023	10/07/2023	10/07/2023	11	16,294	14	Q3
9	Berge Triglav	175,885	6/07/2023	10/07/2023	21/07/2023	21/07/2023	11	15,990	15	Q3
10	Bei Ji Star	180,180	17/07/2023	21/07/2023	2/08/2023	3/08/2023	13	13,860	17	Q3
11	Berge Rosa	180,230	30/07/2023	3/08/2023	15/08/2023	15/08/2023	12	15,019	16	Q3
12	Shirara	180,188	12/08/2023	15/08/2023	27/08/2023	2/09/2023	18	10,010	21	Q3
13	Wen Yuan Star	181,249	24/08/2023	2/09/2023	14/09/2023	14/09/2023	12	15,104	21	Q3
14	Bei Ji Star	180,180	5/09/2023	14/09/2023	26/09/2023	27/09/2023	13	13,860	22	Q3
15	Berge Tsurguri	181,403	21/09/2023	27/09/2023	9/10/2023	8/10/2023	11	16,491	17	Q4
16	Bulk Tirreno	181,366	1/10/2023	8/10/2023	19/10/2023	19/10/2023	11	16,488	18	Q4
17	Wen Yuan Star	181,249	16/10/2023	19/10/2023	31/10/2023	30/10/2023	11	16,477	14	Q4
18	Bei Ji Star	180,180	26/10/2023	30/10/2023	12/11/2023	10/11/2023	11	16,380	15	Q4
19	Berge Tsurguri	181,403	8/11/2023	10/11/2023	23/11/2023	21/11/2023	11	16,491	13	Q4
20	Berge Broad Peak	177,876	21/11/2023	21/11/2023	3/12/2023	3/12/2023	12	14,823	12	Q4
21	Wen Yuan Star	181,249	30/11/2023	3/12/2023	15/12/2023	13/12/2023	10	18,125	13	Q4
22
23
24	Total	3,775,326
25
26	Self Loading Ultra/Supramax	Capacity (DWT)	Entry Date	Fill start date	Initial scheduled exit date	Actual Exit Date	Loading time (days)	Daily Loading Rate	Days in Port	Quarter
27	Tai Stamina	64,458	29/07/2023	30/07/2023	10/08/2023	12/08/2023	13	4,958	14	Q3
28	Medi Osaka	63,371	3/08/2023	12/08/2023	22/08/2023	19/08/2023	7	9,053	16	Q3
29	Maple Harvest	64,282	18/08/2023	19/08/2023	3/09/2023	30/08/2023	11	5,844	12	Q3
30	Great Venture	61,056	25/08/2023	30/08/2023	12/09/2023	11/09/2023	12	5,088	17	Q3
31	Watatsumi	63,736	9/09/2023	11/09/2023	23/09/2023	24/09/2023	13	4,903	15	Q3
32	Sunrise Jade	63,800	23/09/2023	24/09/2023	5/10/2023	7/10/2023	13	4,908	14	Q4
33	Marlin V	61,444	5/10/2023	7/10/2023	18/10/2023	17/10/2023	10	6,144	12	Q4
34	Beechgate	63,449	14/10/2023	17/10/2023	29/10/2023	26/10/2023	9	7,050	12	Q4
35	Berge Namuli	63,666	22/10/2023	26/10/2023	7/11/2023	5/11/2023	10	6,367	14	Q4
36	La Luna	62,594	5/11/2023	5/11/2023	14/11/2023	13/11/2023	8	7,824	8	Q4
37	Sakura	63,742	12/11/2023	13/11/2023	22/11/2023	22/11/2023	9	7,082	10	Q4
38	Federal Iberville	63,386	22/11/2023	22/11/2023	4/12/2023	29/11/2023	7	9,055	7	Q4
39	Common Atlas	62,985	30/11/2023	30/11/2023	10/12/2023	10/12/2023	10	6,299	10	Q4
40	Nord Pacific	61,221	6/12/2023	10/12/2023	21/12/2023	29/12/2023	19	3,222	23	Q4
41	Queen Sapphire	61,388	13/12/2023	29/12/2023						Q1 2024
42	Jabal Shams	63,224	18/12/2023							Q1 2024
43	Total	1,007,802
44
45	Total bulk carrier (crane)	3,775,326
46	Total self loading	1,007,802
47	Total	4,783,128
48
49	Total Q2	1,253,454
50	Total Q3	1,574,049
51	Total Q4	1,831,013
52	Total	4,658,516
53
54	Total Q1 2024	124,612
55	Total	124,612

Nord Pacific filled and left this morning - that's it for 2023, 4.66m tonnes. Last two self loaders will form part of 2024. Whilst not the perfect ending we hoped for getting to 5m, its a really impressive quarter and will certainly be a profitable year. I'll follow up with the last two ships when they depart but makes no difference to this years figures. Q4 is the best quarter that I can remember.

As always, the risks for MMI are equipment breakdown and weather - this year the equipment held up but weather played its part at the end. The Ikamba hasn't arrived yet so could call that equipment issues but fortunately won't be a problem. 2023 is the year for getting everything set up, production improved, targets met, cash being generated and moving to profitability.

2024 will be the game changer - when the Ikamba is filling Capesized ships at a 6-7m tonne rate then we will see the true value of MMI emerge