MARKET REPORT WEEK 26

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1 NILIMAR Ships Sale & Purchase MARKET REPORT WEEK 26 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDING FRIDAY JUNE 27 th 2008 STORMLESS EDGELESS ELLEN P LIMITLESS ENDLESS GUANGZHOU RESALE WHITE POINT INNOVATOR I LOVELL SEA MONTE ALBAN CHELSEA GULF DOVE BEREKET KA MITSUI, HARLAND, U.K. HARLAND, U.K. ISHIBRAS, BRAZIL ISHIBRAS, BRAZIL GUANGZHOU, STX, HALLA INCHON, MITSUI, KASADO, AESA, SPAIN KYOKUYO, HIGAKI, TANKERS HULL ELLEN P/ EDGELESS/ ENDLESS/LIMITLESS ELLEN P/ ENDLESS/ LIMITLESS EDGELESS/ ENDLESS/ LIMITLESS ELLEN P/ EDGELESS/ ENDLESS ELLEN P/ EDGELESS/ LIMITLESS M GREEK DELY 3Q M ITALIAN M GREEK - DB P+C NIGERIAN - DS M CHINESE FOR CONVERSION SH P+C W.AFRICA BASED P+C UNDISCLOSED - DB 3.50 M IRANIAN - - GITTA KOSAN GRETA KOSAN HHI, HHI, LPG CBM M M (VIKEN MARINE) (VIKEN MARINE) GRETA KOSAN, INCL. 4 YRS TC BACK TO SELLERS GITTA KOSAN, INCL. 4 YRS TC BACK TO SELLERS

2 NILIMAR Ships Sale & Purchase 2500 BALTIC TANKER INDICES BDTI 07 BCTI 07 BDTI 08 BCTI Week

3 NILIMAR Ships Sale & Purchase NORDSTAR PARAGON STX JINHAE STX JINHAE TSUNEISHI CEBU RESALE IKAN SEMBAK OTELLO MANSHIP KEN BLOSSOM FANG ZHOU REMBRANDT SEA STAR BULKERS DAEWOO, NAMURA, STX, STX, TSUNEISHI CEBU, PHILIPPINES OSHIMA, MITSUBISHI, IHI, G.DIMITROV, BULGARIA NAMURA, ILHUNG, GEAR M IMAROS SHIPPING SS/DD FRESHLY PASSED GLESS M CHINESE DELY FEB 09 CR 4x30T M N CR 4x30T M N CR 4x30T CR 4x30T M M GREEK (NAVIOS) GREEK (NAVIOS) CR 4x25T M SINGAPOREAN CR 4x25T CR 4x25T GRABS CR 3x25T CR 2x15T M U.S. BASED (TBS) HULL NR 1307 HULL NR 1306 DELY 03/09 - SS/DD PASSED, DELY SEP 08 DELY 3Q M CHINESE M UNDISCLOSED - GLESS P+C FAR ESTERN CONVERTED FROM TANKER TO SAND CARRIER

4 NILIMAR Ships Sale & Purchase BALTIC DRY INDICES BDI 08 BCI 08 BPI 08 BHI 08 BDI '07 BCI '07 BPI '07 BHI ' Week REPORTED FIXTURES RATE GEDEN NB ,000 70,000$/D CHARTERERS SHAGANG DURATION 5 S OFEN NB ,000 40,500$/D ALPHA FRIENDSHIP ,000 85,000$/D BULK MONACO ,000 79,000$/D MEGALOHARI ,000 79,000$/D PROTEFS ,000 59,000$/D SHAGANG FORTESQUE DAIICHI TRANSFIELD HANJIN 10 S 5 S /38 MONTHS FREE ENVOY ,318 32,000$/D - 1 BALTIC DRY INDICES BDI BCI BPI BSI PREVIOUS WEEK CURRENT WEEK /

5 NILIMAR Ships Sale & Purchase LEONIS LION HEART TWEEN / MPP BRODOSPLIT, CROATIA NISHI, GEAR DR 1x60T DR 3x22T DR 4x20T CR 1x30T DR 2x25T 8.20 M UNDISCLOSED M UNDISCLOSED - SUN EAST CALYPSO III USUKI, SIETAS, GERMANY DR 4x20T 5.30 M CHINESE - CR 2x30T 5.40 M UNDISCLOSED - CONTAINER GEAR TEU JOHN RICKMERS JIANGSU, CR 2x45T M GERMAN JACOB RICKMERS JACOB RICKMERS JIANGSU, CR 2x45T M GERMAN JOHN RICKMERS MING ZHOU NEPTUN, GERMANY GLESS M UNDISCLOSED - HE DA WUHU, GLESS 298 P+C UNDISCLOSED ALREADY DELIVERED EXPLORER PETERS, NETHERLAND GLESS 44 P+C UNDISCLOSED - RTS SINDBAD NUI ROLANDWERF, GERMANY RORO / PASS CARS /LM PAX M W.AFRICA BASED - TYPE DEMOLITION LDT USD/LT SOLD TO GOLDEN GATE TANK INDIA - A.DRAGON TANK INDIA - GULF OF PARIA TANK OLD SALE INTREPID TANK INDIA INCL. HIGH QUANTITY OF STST

6 TYPE NILIMAR Ships Sale & Purchase DELY NEWBUILDINGS TANKER /12 DAEWOO M ANGELIKOUSSIS 2 UNITS TANKER DAEWOO M KOREA LINE CORP. 2 UNITS TANKER JIANGSU EASTERN M PERTAMINA 1 UNIT TANKER /11 STX M PERSEVERANZA 2 UNITS TANKER STX - FORMOSA 2 UNITS TANKER HYUNDAI MIPO M WESTFAL-LARSEN 2 UNITS / IMO II GAS CBM 2009/10 YANGZHOU KEJIN M LAURITZEN KOSAN 2 UNITS BULKER GUANGZOU LONGXUE M NORDEN 2 UNITS BULKER JINLING - ENTERPRISES SHIPPING 2 UNITS BULKER /12 HYUNDAI MIPO M MIDDLE EASTERN 7 UNITS BULKER NANTONG M NORDIC HAMBURG 3 UNITS BULKER /10 SAMJIN S/Y M BTRANS PRACIFIC CARRIERS CO. LTD. 5 UNITS CONT TEU 2011 NANTONG JIAOLONG H.I M REEDEREI STEFAN PATJENS 10 UNITS MPP /12 NANTONG MINGDE M SWIRE & SONS UNITS MPP /11 ASTILLEROS MURUETA S/Y M ARKLOW SHIPPING 4 UNITS MARKET RATES BRENT USD GBP USD K WON USD YEN USD EURO PREVIOUS WEEK CURRENT WEEK + /

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