No, bankers are not coming to the OPEX calculation. So OPEX concerns only operating expenses, no mortgage expenses. So that's mainly OPEX. Crew expenses, the majority of around 60% of the operating expenses has to do with crew. Then you've got spares and supplies, and then you have also insurance. The increase in the OPEX can be basically apportioned mainly on the inflationary environment and the fact that stores and supplies have gone up. the same time forwarding cost due to covet has also increased and also crew expenses have generally and especially repatriation and traveling expenses and accommodation have increased a lot and also please bear in mind that we have expanded the fleet a lot we have acquired many new ships and basically in order to crew these vessels and have the quality of the crew that Synergy wants on its ships, we have been paying top dollars for our crews. That's the reason behind the increase in OPEX.

Mar 14, 2023 / receipt, needs a key / Tate, other | earnings call 2023-03-14 | transcript bcddc9f7-ebee-44c7-bc42-fcf28dd94e19 | chars 29529-30466 | segment 30

Stamatios Tsantanis | 54 | Chairman, Chief Executive Officer & Director | A (term expires in 2028)

filing / Mar 31, 2026 / receipt

Stavros Gyftakis | 47 | Chief Financial Officer

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Christina Anagnostara | 55 | Director* | B (term expires in 2026)

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Elias Culucundis | 83 | Director* | A (term expires in 2028)

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Dimitrios Anagnostopoulos | 79 | Director* | C (term expires in 2027)

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Ioannis Kartsonas | 54 | Director* | C (term expires in 2027)

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