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Anastassis C. Margaronis has served as our President and as a Director since February 21 2005. Prior to February 21 2005 Mr Margaronis was employed by Diana Shipping Agencies S.A. and performed on our behalf the services he now performs as President. He joined Diana Shipping Agencies S.A. in 1979 and has been responsible for overseeing our insurance matters including hull and machinery protection and indenmity and war risks cover. Mr Margaronis has 25 years of experience in shipping including in ship finance and insurance. He is a member of the Governing Council of the Greek Shipowners' Union and a member of the board of directors of the United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited. He holds a bachelors degree in Economics from the University of Warwick and a master's degree from the Wales Institute of Science and Technology | 