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The Company's subsidiaries provide marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of such services. The Company's subsidiaries currently own 20 drybulk vessels, with an aggregate carrying capacity of 1,886,400 deadweight tons ("dwt"). The average age of the fleet is 4.2 years as of May 4, 2012. Our fleet currently consists of Panamax, Kamsarmax, Post-Panamax and Capesize class vessels. Nine additional drybulk newbuild vessels have been contracted to be delivered at various times through 2014. The Company's common stock is listed on the NYSE where it trades under the symbol "SB".
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