Factors that might cause future results and outcomes to differ include, but are not limited to, the following: 

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▪ general  shipping market conditions and trends, including spot and long-term charter rates, ship values, factors affecting supply and demand of cargo shipping, technological advancements and opportunities for the profitable operations of maritime carriers;

▪ continued low prices for crude oil and petroleum products and volatility in gas prices;

▪ ability to leverage companies relationships and reputation in the shipping industry;

▪ ability to enter into time charters with new and existing customers;

▪ changes in the ownership of  charterers;

▪ customers’ performance of their obligations under time charters and other contracts;

▪ future operating performance, financial condition, liquidity and cash available for dividends and distributions;

▪ ability to purchase vessels at reasonable prices in the future;

▪ ability to obtain financing to fund capital expenditures, acquisitions and other corporate activities, funding by banks of their financial commitments, ability to meet  restrictive covenants and other obligations under credit facilities;

▪ future, pending or recent acquisitions of ships or other assets, business strategy, areas of possible expansion and expected capital spending or operating expenses;

▪ expectations about the time that it may take to construct and deliver newbuildings and the useful lives of our ships;

▪ number of off-hire days, dry-docking requirements and insurance costs;

▪ fluctuations in currencies and interest rates;

▪ ability to maintain long-term relationships with major energy companies;

▪ ability to maximize the use of ships, including the re-employment or disposal of ships no longer under time charter commitments, including the risk that vessels may no longer have the latest technology at such time;

▪ environmental and regulatory conditions, including changes in laws and regulations or actions taken by regulatory authorities;

▪ the expected cost of, and  ability to comply with, governmental regulations and maritime self-regulatory organization standards, requirements imposed by classification societies and standards imposed by charterers applicable to business;

▪ companies' abilities to retain key employees and provide services, and the availability of skilled labor, ship crews and management;

▪ potential disruption of shipping routes due to accidents, political events, piracy or acts by terrorists;

▪ potential liability from future litigation;

▪ business strategy and other plans and objectives for future operations;

▪ any malfunction or disruption of information technology systems and networks that operations rely on or any impact of a possible cybersecurity breach;

▪ other risks and uncertainties described in reports at  http://www.sec.gov.