ATHENIAN SHIPBROKERS S.A.

Transcription

1 May-1 Aug-1 Nov-1 Feb-2 May-2 Aug-2 Nov-2 Feb-3 May-3 Aug-3 Nov-3 Feb-4 May-4 Aug-4 Nov-4 Feb-5 May-5 Aug-5 Nov-5 Feb-6 May-6 Aug-6 Nov-6 Feb-7 May-7 Aug-7 Nov-7 Feb-8 May-8 Aug-8 Nov-8 Feb-9 May-9 Aug-9 Nov-9 Feb-1 May-1 Aug-1 Nov-1 Feb-11 May , Vas. Pavlou Str., GR , Voula, Athens, Greece Tel: Fax: Internet Mail athenian@atheniansa.gr Monthly Report Baltic Dry Index May PRICES TANKERS ($ MIO) May-11 VLCC 5Y 117,2 136, 155,8 78, 87,8 82,9 VLCC 1Y 95,8 114,5 131, 59,5 64,3 58,8 SUEZMAX 5Y 81, 95,5 16, 57, 62,8 57,9 AFRAMAX 5Y 65,3 7, 76,8 4,5 44,5 39,7 AFRAMAX1Y 51,8 6, 64,7 23,5 3,7 28,3 PANAMAX5Y 55,5 6,4 61, 35,5 39, 35,4 45K 5Y D/H 47,3 53, 52,7 23,5 27,3 29,4 45K 1Y D/H 38,9 44,7 43,2 16, 19,7 19,3 45K 2Y 13,2 12,8 16, 4, 6,7 6,9 PRICES BULKERS ($ MIO) May-11 CAPESIZE 5Y 81,2 148, 45,5 54,5 57, 45,4 CAPESIZE 1Y 61,8 13, 3, 45, 43, 36,7 CAPESIZE 15Y 43, 88,5 21, 28, 26, 22,7 CAPESIZE 2Y 21,3 6, 79, 16,5 16,4 16,8 PANAMAX 5Y 45,4 89, 25,5 35, 38,5 32,8 PANAMAX 1Y 37, 71,5 19, 27,5 31,6 26, PANAMAX 15Y 27,7 61, 12,5 22, 23,1 18,5 PANAMAX 2Y 16,1 44, 9,2 12, 13,8 14,5 SUPRAMAX 5Y 4, 74,5 24, 27,5 31,9 29, HANDYMAX1Y 32, 6,5 18,2 22, 24,7 2,5 HANDYMAX15Y 22,1 46, 13, 17,5 2, 16,9 HANDYMAX2Y 15,4 36, 7,4 11, 12, 1,9

2 2 Second Hand Tonnage Market S&P Activity Dry (<5, Dwt) AVAILABLE FOR SALE REPORTED SOLD PREVIOUS MONTH AV/BLE FOR SALE" PREVIOUS MONTH SALES S&P Activity - Tankers (<5, Dwt) AVAILABLE FOR SALE REPORTED SOLD PREVIOUS MONTH AV/BLE PREVIOUS MONTH SALES THIS MONTH - PREVIOUS MONTH THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market - Second Hand units Ship Type Dec-1 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Total BULK TANK GAS CONT TWEEN REEF RORO FERRY CRUISE Total

3 Baltic Clean Tanker - Yearly WEEK NO Baltic Dirty Tanker - Yearly WEEK NO Baltic Clean Tanker - Monthly 84 Baltic Dirty Tanker - Monthly /4/211 4/5/211 1/5/211 16/5/211 22/5/ /4/211 4/5/211 1/5/211 16/5/211 22/5/211 TANKER SALES NAME DWT BLT PRICE $ BUYER SEA CRYSTAL JAPAN DH 2.5 MIO KOREAN UNDISCLOSED(JUDICIAL SALE FREDERICIA CHINA DH 9.1 MIO SPORE) MULTITANK BATAVIA PORTUGAL DH 6.5 MIO STOLT-NIELSEN, NETHERLANDS SUN INVESTOR JAPAN DH 4.1 MIO FAR EASTERN OCEAN SKY JAPAN 4 MIO U.A.E. SILVER QUEEN JAPAN DH 11 MIO UNDISCLOSED GLOBAL FLORA JAPAN DH 5 MIO THAILAND HELLESPONT CHAMPION KOREA DH * ENBLOC BSS HELLESPONT CAPTAIN KOREA DH 4 MIO ARDMORE SHIPPING OF CORK, IRELAND VALERIE CHINA DH 14 MIO UNDISCLOSED COLDEN VENUS JAPAN DH 24.9 MIO ACE TANKERS, NETHERLAND CHEMSTAR MOON JAPAN DH 22 MIO SINOCHEM, CHINA STOLT PEAK YUGOSLAVIA DH 6.5 MIO RAFLES, SINGAPORE CYRUS CHINA DB 7 MIO UNDISCLOSED DOMINIQUE KOREA DH 8.5 MIO CHINESE BLUE DIAMOND KOREA DH * ENBLOC BSS BLUE CORAL KOREA DH 7 MIO SCORPIO TANKERS, USA (AUCTION SPORE) EAGLE HOPE JAPAN DH 38.7 MIO UNDISCLOSED (AUCTION UK) DUBAI LEGEND KOREA DH 32 MIO THENAMARIS, GREECE BLUE SAPPHIRE JAPAN DH 44.5 MIO HYUNDAI MERCHANT MARINE, KOREA(COURT SALE ROTTERDAM) BLUE JASPER JAPAN DH 44.5 MIO KOREAN (AUCTION ROTTERDAM)

4 $/Day $/Day 4 OLINDA ITALY DH 15 MIO POLEMBROS SHIPPING, GREECE SUNGDONG KOREA DH 66 MIO MEANDROS, GREECE BLUE PEARL KOREA DH * ENBLOC BSS BLUE TOPAZ KOREA DH 2 MIO DAEWOO, KOREA(BUY OUT 5PCT FROM KOREAN LINES) GAS SALES NAME DWT BLT CBM PRICE $ BUYER NEW SEABORN JAPAN MIO UKRAINIAN (SS/DD DUE) PERNAS BUTANE JAPAN MIO PT PELAYARAN USAHAGAS ELPINDO, INDONESIA GAS SHANGHAI JAPAN 35 9 MIO CHINESE GRACE CORAL JAPAN MIO UNDISCLOSED SAEHAN AURORA JAPAN MIO SAEHAN, S. KOREA SAPPHIRE STAR ITALY MIO UNDISCLOSED LNG KHANNUR NORWAY MIO GOLAR LNG, SINGAPORE(FOR CONVERSION TO FSRU) BLUESKY KOREA * ENBLOC BSS CRYSTALSKY KOREA 1666 * ENBLOC BSS CLEARSKY KOREA MIO STENA GROUP, SWEDEN Spot Market - Tankers VLCC SUEZMAX AFRAMAX May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 May Period Market - Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 May

5 5 9 Baltic Handysize 15 Baltic Supramax /4/211 4/5/211 1/5/211 16/5/211 22/5/ /4/211 4/5/211 1/5/211 16/5/211 22/5/211 Baltic Panamax /4/211 4/5/211 1/5/211 16/5/211 22/5/ Baltic Capesize /4/211 4/5/211 1/5/211 16/5/211 22/5/211 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER NORDIC AMANDA NETHERLAND GLESS.85 MIO UNDISCLOSED TIM PORTUGAL CR 2X5 5 MIO U.A.E. CHU HE CHINA GLESS 2.4 MIO SOUTH KOREAN ANNA GABRIELE RUMANIA GLESS 2.2 MIO TURKISH SUSANGO JAPAN D 4X MIO UNDISCLOSED ORIENTAL PRINCESS JAPAN CR 1X3, CR 1X1.5, CR 3X MIO VIETNAMESE OCEAN BABY JAPAN CR 5X MIO UNDISCLOSED CR 4X25, CR CORAL JAPAN 1X MIO SINGAPOREAN VENUS JAPAN CR 4X MIO SYRIAN VANESSA A JAPAN CR 4X MIO BANGKLADESH ZENITH EXPLORER JAPAN CR 4X MIO UNDISCLOSED SPAR GARNET JAPAN CR 4X MIO GREEK DORA UK CR 2X25, CR 3X MIO UNDISCLOSED MERIDA JAPAN CR 4X MIO UNDISCLOSED(BSS ASIS) MAPLE GLORY CHINA CR 4X3.5 * ENBLOC BSS (DELY 4Q) MAPLE FORTITUDE CHINA CR 4X MIO ORIENT BULKER JAPAN CR 4X MIO ID SHIPPING, DENMARK (DELY 1Q 212) MUR SHIPPING, NETHERLANDS NEWLEAD PROSPERITY CHINA CR 4X MIO UNDISCLOSED ORIENT UK CR 4X MIO TURKISH HOT STAR JAPAN CR 4X MIO CHINESE

6 6 TEAM SPIRIT JAPAN CR 5X MIO GREEK SEA MILD JAPAN CR 4X MIO CHINESE BULK TRADER JAPAN CR 4X25 6 MIO UNDISCLOSED VOC PROGRESS YUGOSLAVIA CR 3X25 1 MIO GREEK LADY JAPAN CR 4X MIO CHINESE SEA WIND I JAPAN CR 4X MIO CHINESE PRINCE OF OCEAN JAPAN CR 3X MIO CHINESE HAMBURG JAPAN CR 3X15 13 MIO TURKISH PARADISE ISLAND JAPAN CR 4X MIO UNDISCLOSED(INCL 3YRS TC ) MANDARIN STAR CHINA CR 4X MIO UNDISCLOSED SANKO SPRING JAPAN CR 4X3 * ENBLOC BSS SANKO STREAM JAPAN CR 4X MIO UNDISCLOSED HERON JAPAN CR 4X MIO TURKISH SHANGHAI VENTURE CHINA CR 4X MIO SPAR SHIPPING, NORWAY DARYA BRAHMA JAPAN CR 4X MIO QUINTANA, GREECE M.P. PANAMAX JAPAN CR 4X25 7 MIO CHINESE SUNNY CARRIER JAPAN CR 4X MIO MIDDLE EASTERN FLAG TOM KOREA 6.2 MIO CHINESE CHIOS JOY KOREA CR 4X25 14 MIO CHINESE LA JOLLA JAPAN CLESS 2.5 MIO LOWLANDS SUMIDA JAPAN 2.75 MIO CORONA CHINA MIO F. D. CRIS DE ANGELIS CHINA 3 MIO GREEK GEOSAND CHINA GLESS 31.5 MIO UNDISCLOSED (INCL TC TO COSCO AT 1475 PD TIL 8-11/211) GREEK (ON SUBS. DELY 5-6/211) DIANA SHIPPING, GREECE GLOBUS MARITIME, GREECE(INCL 2YRS TC TO GLEAMRAY AT 18PD) MICHELE BOTTIGLIERI JAPAN 26 MIO UNDISCLOSED TSUNEISHI FUKUYAMA JAPAN 42.5 MIO GREEK BIGFISH KOREA * MEGALODON JAPAN 51.5 MIO CAPE AGAMEMNON KOREA 98.5 MIO ENBLOC BSS (INCL TC AT USD 25 PD TIL 11/215) STAR BULK, GREECE(INCL TC AT USD 245 PD TIL 8/214) CAPITAL PRODUCT, GREECE(INCL 9YRS TC TO COSCO BULK, AT 5455 PD FR 5YRS AND PD FR 4YRS)

7 $/Day $/Day Spot Market - Bulkers May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 May CAPESIZE PANAMAX HANDYMAX Period Market - Bulkers 1 Year T/C May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 May-11 CAPE PMAX HANDYMAX TWEEN SALES NAME DWT BLT GEAR TEU PRICE $ BUYER BLUE SKY GERMANY CR 2X MIO ASIAN THOR NAUTICA GERMANY CR 4X * ENBLOC BSS THOR NEXUS GERMANY D 1X12.5, CR 1X4, CR 3X * ENBLOC BSS CR 1X35, CR 3X25, THOR NECTAR GERMANY CR 1X5 164 * ENBLOC BSS CR 1X5, CR 1X35, CR 3X * ENBLOC BSS THOR NEREUS GERMANY THOR NAVIGATOR GERMANY CR 3X25, CR 1X MIO CHINESE FUTAMI JAPAN CR 4X MIO CHINESE

8 8 CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER PACIFIC HAWK CHINA CR 4X MIO GERMAN SINAR BANDUNG JAPAN CR 2X MIO INDONESIAN CCNI MAGALLANES POLAND CR 3X MIO D'AMICO, ITALY VAN NIGER JAPAN CR 2X MIO SEA CHANGE MARITIME, USA KOTA PERKASA POLAND MIO UNDISCLOSED MSC SIENA POLAND MIO GREEK(INCL TC TIL END 213) MAULE CHINA MIO GREEK(INCL 5YRS TC AT USD 38 PD) RORO SALES NAME GT BLT LM/CARS PAX PRICE $ BUYER BALTICA LM 1 MIO UNDISCLOSED

9 $m $m 9 New building Market and Reported Contracts Tanker Prices VLCC Suezmax Aframax MR 11,3 1 63,6 53, May-9 Sep-9 Jan-1 May-1 Sep-1 Jan-11 May Bulker Prices Capesize Panamax Handymax Handysize 54, ,5 26 May-9 Sep-9 Jan-1 May-1 Sep-1 Jan-11 May-11 Dry Bulk Orderbook Ship Type 211 (deliv) Total VLOC Capesize Small Cape Panamax Supramax Handys Total Tanker Orderbook Ship Type 211 (deliv) Total ULCC/VLCC Suezmax Aframax Panamax MR Handy Total LPG Tank Orderbook Ship Type 211 (deliv) Total VLGC LGC MR Handy Small Total

10 m. dwt m. dwt No. of Vessels m. dwt 1 Newbuilding Sales Tankers >1, dwt Bulkers >1, dwt Containerships May-11 3 Delivery Schedule Bulkers >1, dwt. 12 Tankers >1, dwt 11,9 14, ,4 4,9 47,9 4 24,6 2 May Tanker Newbuildings on Order 6 54, ,3 2 13,5 1 27/5/211 5,6 VLCC Suezmax Aframax Panamax Products , ,1 4 2 Bulker Newbuildings on Order Capesize Panamax Handymax Handysize 73, ,7 27/5/211 Newbuilding Historical Prices ($m) Tankers May , DWT , DWT , DWT , DWT Bulkers 18, DWT , DWT , DWT , DWT Before 21 sizes to read 28, - 14, - 95, - 4, respectively for tankers and 15, - 69, for Bulkers 2 Single Hull 3 3, DWT (note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)

11 11 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Bulk 372 Zhejiang Ouhua May-12 Atlantis Mngt. Inc. Bulk 475 CIC (Jiangsu) 212 Taihang Shipping Bulk 475 CIC (Jiangsu) 213 Taihang Shipping Bulk 475 CIC (Jiangsu) 213 Taihang Shipping Bulk 475 CIC (Jiangsu) 213 Taihang Shipping Bulk 815 Jinhai Heavy Ind. Dec-12 Wilmar Holdings Bulk 815 Jinhai Heavy Ind. Mar-13 Wilmar Holdings Option Bulk 82 Sungdong S.B. 213 Unknown Bulk 82 Sungdong S.B. 213 Unknown Bulk 82 Sungdong S.B. 213 Unknown Bulk 82 Sungdong S.B. 213 Unknown Bulk 82 Sungdong S.B. May-12 Kyla Shipping Co. Bulk 176 Shanghai Jiangnan Sep Mio Dryships Inc. Bulk 176 Shanghai Jiangnan Dec Mio Dryships Inc. Bulk 25 Qingdao Yangfan 212 HongXiang Shipping Bulk 25 Qingdao Yangfan 212 HongXiang Shipping Bulk 25 Qingdao Yangfan 213 HongXiang Shipping Bulk 25 Qingdao Yangfan 213 HongXiang Shipping Bulk 25 Qingdao Yangfan 213 HongXiang Shipping Option Bulk 25 Qingdao Yangfan 213 HongXiang Shipping Option Bulk 25 Qingdao Yangfan 213 HongXiang Shipping Option Bulk 25 Qingdao Yangfan 213 HongXiang Shipping Option Bulk 25 Qingdao Yangfan 213 HongXiang Shipping Option Bulk 25 Qingdao Yangfan 213 HongXiang Shipping Option Bulk 25 Qingdao Yangfan 214 HongXiang Shipping Option Bulk 25 Qingdao Yangfan 214 HongXiang Shipping Option Bulk 25 Qingdao Yangfan 214 HongXiang Shipping Option Bulk 25 Qingdao Yangfan 214 HongXiang Shipping Option Bulk 25 Qingdao Yangfan 214 HongXiang Shipping Option Cont 1185 Zhejiang Yangfan Jun-12 SITC Cont 1185 Zhejiang Yangfan Jun-12 SITC Cont 1185 Zhejiang Yangfan 213 SITC 11 Teu(Option) Cont 1185 Zhejiang Yangfan 213 SITC 11 Teu(Option) Cont 1185 Zhejiang Yangfan 213 SITC 11 Teu(Option) Cont 1185 Zhejiang Yangfan 213 SITC 11 Teu(Option) Cont 1185 Zhejiang Yangfan 214 SITC 11 Teu(Option) Cont 1185 Zhejiang Yangfan 214 SITC 11 Teu(Option) Cont 23 SPP Shipbuilding Mio Eastern Med. Mar. 17 Teu Cont 23 SPP Shipbuilding Mio Eastern Med. Mar. 17 Teu Cont 23 SPP Shipbuilding Mio Eastern Med. Mar. 17 Teu Cont 23 SPP Shipbuilding Mio Eastern Med. Mar. 17 Teu Cont 39 Hyundai Mipo 213 KMTC 28 Teu Cont 39 Hyundai Mipo 213 KMTC 28 Teu (Option) Cont 39 Hyundai Mipo 213 KMTC 28 Teu (Option) Cont 6 Hyundai H.I. Nov-12 Container Carrier 5 Teu Cont 6 Hyundai H.I. Jan-13 Container Carrier 5 Teu Cont 6 Hyundai H.I. Mar-13 Container Carrier 5 Teu Cont 6 Hyundai H.I. May-13 Container Carrier 5 Teu Cont 6 Hyundai H.I. Jul-13 Container Carrier 5 Teu (Option) Cont 6 Hyundai H.I. Sep-13 Container Carrier 5 Teu (Option) Cont 6 Hyundai H.I. Nov-13 Container Carrier 5 Teu (Option) Cont 95 CSBC 213 Evergreen Mar. Corp 8 Teu Cont 95 CSBC 213 Evergreen Mar. Corp 8 Teu Cont 95 CSBC 213 Evergreen Mar. Corp 8 Teu Cont 95 CSBC 213 Evergreen Mar. Corp 8 Teu

12 12 Cont 95 CSBC 214 Evergreen Mar. Corp 8 Teu Cont 95 CSBC 214 Evergreen Mar. Corp 8 Teu Cont 95 CSBC 214 Evergreen Mar. Corp 8 Teu Cont 95 CSBC 214 Evergreen Mar. Corp 8 Teu Cont 95 CSBC 215 Evergreen Mar. Corp 8 Teu Cont 95 CSBC 215 Evergreen Mar. Corp 8 Teu Cont 1 Daewoo-Mangalia 213 Zodiac Maritime Agy. 9 Teu Cont 1 Daewoo-Mangalia 213 Zodiac Maritime Agy. 9 Teu Cont 1 Daewoo-Mangalia 214 Zodiac Maritime Agy. 9 Teu Cont 1 Daewoo-Mangalia 214 Zodiac Maritime Agy. 9 Teu Cont 1 Daewoo-Mangalia 214 Zodiac Maritime Agy. 9 Teu (Option) Cont 1125 Sungdong S.B Mio Costamare Shipping 88 Teu Cont 1125 Sungdong S.B Mio Costamare Shipping 88 Teu Cont 1125 Sungdong S.B Mio Costamare Shipping 88 Teu Cont 1125 Sungdong S.B Mio Costamare Shipping 88 Teu Cont 1125 Sungdong S.B Mio Costamare Shipping 88 Teu Cont 14 Samsung H.I Mio OOCL 13 Teu Cont 14 Samsung H.I Mio OOCL 13 Teu Cont 14 Samsung H.I Mio OOCL 13 Teu Cont 14 Samsung H.I Mio OOCL 13 Teu Drillship 8 Daewoo May-13 Vantage Drilling LnG 85 Daewoo 214 Maran Gas Maritime LnG 85 Daewoo 215 Maran Gas Maritime Tanker 4999 Taizhou Sabfu Jun-12 Norr Systems Tanker 4999 Taizhou Sabfu Aug-12 Norr Systems Tanker 4999 Taizhou Sabfu Oct-12 Norr Systems Tanker 4999 Taizhou Sabfu Dec-12 Norr Systems Tanker 52 Hyundai Mipo 212 Scorpio Tankers Tanker 52 Hyundai Mipo 212 Scorpio Tankers Tanker 52 Hyundai Mipo 212 Scorpio Tankers Tanker 52 Hyundai Mipo 212 Scorpio Tankers Tanker 52 Hyundai Mipo 212 Scorpio Tankers Tanker 52 Hyundai Mipo 213 Scorpio Tankers Option Tanker 115 Guangzhou Longxue Mio Shanghai North Sea Tanker 115 Guangzhou Longxue Mio Shanghai North Sea Tanker 32 Jinhai Heavy Ind. Dec-12 Gulf Navigation Tanker 32 Jinhai Heavy Ind. May-13 Gulf Navigation

13 Year 13 Demolition Market Demolition Prices Gen Cargo Tanker India USD 5 /lt Ldt USD 525 /lt Ldt Pakistan USD 49 /lt Ldt USD 51 /lt Ldt Bangladesh USD 5 /lt Ldt USD 525 /lt Ldt China USD 445 /lt Ldt USD 465 /lt Ldt Demolition historical average prices $ Tankers JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $ Bulkers JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC ,8 2,35 4,6 4,9 5,5 6, Total Demolition 13,3 13,4 15,6 15, ,5 18,9 16,7 15,9 22, ,7 25,6 28, ,5 28,4 26, , Million dwt 3,5 38

14 14 India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK SEALO I BULK VLADIMIR TIMOFEYEV BULK MINOS BULK SETUBAL CASTLE BULK AGIOS VARTHOLOMEOS BULK VENUS BULK AMIRA S BULK TINA M BULK PISTIS BULK ETERNAL SEAS With 18 T IFO Upon Dely BULK JIA FU STAR With 16 T IFO Upon Dely BULK GREEN NEPTUNIC COMBO IRIDA COMBO 3 MAJ COMBO GULF SAFWA CONT KANIVU GAS GAS SUEZ GAS NORGAS TRADER Bangladesh Asis Spore With Significant Nickel Quantity On Board REEF CANTERBURY STAR RORO NASSER RORO EMERALD SEA Asis Capetown TANK WASEL TANK OCEAN CAMAR TANK CASPER Incl 94 T StSt RoB TWEEN MISS KIKAKI TWEEN ELEGANT TWEEN MANA TWEEN KING SUCCESS TWEEN KING FORTUNE TWEEN HAJ KHALIL TWEEN MAZIN ARAB TWEEN MANDALAY Asis Yangoon with 15T IFO RoB TWEEN ELEONORA TWEEN JAN DLUGOSZ TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK SKOGALAND Asis Kakinada BULK HARRIETTE BULK AMBASSADOR BULK CAPT. NAZIH BULK KINGSWAY II BULK SILVER CARRIER BULK APOLLO STAR Asis Spore Enbloc With Samarinda Carrier. Asis S.Korea With 35 T IFO RoB

15 15 BULK ALFRED N COMBO SAMARINDA CARRIER COMBO GULF SHAGRA COMBO ALSTER N COMBO GULF AHMADI COMBO GULF JASH TANK TIMAT TANK CHAMPION PACIFIC TWEEN NICETEC Enbloc With Silver Carrier. Asis S.Korea With 35 T IFO RoB China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK HATO BULK LEVANTES BULK HAINA GOLDEN BULK SEALINK MAJESTY GAS BEKALANG GAS BELAIS RORO MORNING SHINE Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK ISLAND STAR BULK MICHALAKIS BULK SVYATOY ANDREY TANK TITAN SCORPIO TANK FALKONERA TANK D ELEPHANT Other TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS COMBO ANTOINE D COMBO FRONT BREAKER Asis Spore TANK CARIBBEAN RENAISSANCE

16 $/Barrel 16 Market Indicators Currencies USD-EURO USD-YEN 1,8 15 1,6 1 1,4 95 1,2 1, 9,8 85,6 8,4,2 75, 7 1/6/1 1/8/1 1/1/1 1/12/1 1/2/11 1/4/11 1/6/11 14, Brent Oil 12, 1, 8, 6, 4, 2,, 1/6/1 1/8/1 1/1/1 1/12/1 1/2/11 1/4/11 1/6/11 GBP CAD EUR JPY CHF USD AUD GBP 1,638,868,7524,735,617,6486 CAD 1, ,3766, ,1158,9784 1,285 EUR 1,1522,7267 1,8669,816,718,7472 JPY 132,941 83, , , ,44 86,262 CHF 1,4218,8967 1,2341,1696 1,8771,9221 USD 1,6212 1,224 1,47, , ,513 AUD 1,5424,9727 1,3386,1163 1,85, * Values 25/5/211

17 17 Stock Watch NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW NewLead Holdings NEWL 2,1 2,22-5,4 1,2 1,99 Capital Product Partners CPLP 9,3 11,15-16,6 11,39 6,99 Diana Shipping DSX 11,38 11,35,3 14,23 1,75 Dryships DRYS 3,71 4,66-2,4 6,44 3,28 Eagle Bulk EGLE 3,75 3,39 1,6 6,44 3,28 Euroseas ESEA 4,49 4,3 4,4 5,28 3,21 Excel Martime EXM 3,14 4,3-22,1 6,63 3,1 Freeseas FREE 2,38 2,47-3,6 7,5 2,26 Genco Shipping &Trading GNK 7,23 8,25-12,4 2,1 6,6 General Maritime GMR 1,57 2, ,4 1,51 Goldenport GPRT 19, ,2 14, 12,5 Navios NM 5,4 5,29-4,7 6,33 4,38 Omega Navigation ONAV,78,83-6 2,57,68 Paragon PRGN 2,74 2,97-7,7 4,32 2,51 Safe Bulkers SB 7,42 8,9-8,3 9,78 6,5 Star Bulk SBLK 2,4 2,32-12,1 3,23 1,98 Stealthgas GASS 5,36 6-1,7 8,8 3,93 TEN TNP 1,2 1,28-2,5 15,83 8,96 TOP Ships TOPS,7,7 1,16,6 * 25/5/11 closing values Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein. Kind Regards, Athenian Shipbrokers S.A.