ATHENIAN SHIPBROKERS S.A.

Transcription

1 Mar-1 Jun-1 Sep-1 Dec-1 Mar-2 Jun-2 Sep-2 Dec-2 Mar-3 Jun-3 Sep-3 Dec-3 Mar-4 Jun-4 Sep-4 Dec-4 Mar-5 Jun-5 Sep-5 Dec-5 Mar-6 Jun-6 Sep-6 Dec-6 Mar-7 Jun-7 Sep-7 Dec-7 Mar-8 Jun-8 Sep-8 Dec-8 Mar-9 Jun-9 Sep-9 Dec-9 Mar-1 Jun-1 Sep-1 Dec-1 Mar , Vas. Pavlou Str., GR , Voula, Athens, Greece Tel: Fax: Internet Mail athenian@atheniansa.gr Monthly Report Baltic Dry Index March PRICES TANKERS ($ MIO) Mar-11 VLCC 5Y VLCC 1Y SUEZMAX 5Y AFRAMAX 5Y AFRAMAX1Y PANAMAX5Y K 5Y D/H K 1Y D/H K 2Y PRICES BULKERS ($ MIO) Mar-11 CAPESIZE 5Y CAPESIZE 1Y CAPESIZE 15Y CAPESIZE 2Y PANAMAX 5Y PANAMAX 1Y PANAMAX 15Y PANAMAX 2Y SUPRAMAX 5Y HANDYMAX1Y HANDYMAX15Y HANDYMAX2Y

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 Oct-1 Nov-1 Dec-1 Jan-11 Feb-11 Mar-11 Total BULK TANK GAS CONT TWEEN REEF RORO FERRY CRUISE Total

3 3 Baltic Clean Tanker - Yearly WEEK NO 211 Baltic Dirty Tanker - Yearly WEEK NO Baltic Clean Tanker - Monthly Baltic Dirty Tanker - Monthly /3/211 8/3/211 15/3/211 22/3/211 29/3/ /3/211 8/3/211 15/3/211 22/3/211 29/3/211 TANKER SALES NAME DWT BLT PRICE $ BUYER CLIPPER BEAUNE BULGARIA DH 6.9 MIO ECUADORIAN RATHROWAN NETHERLANDS DH 4 MIO UNDISCLOSED (BITUMEN) NORDSTRAUM NORWAY DH 3.25 MIO RUSSIAN HENG ZHOU CHINA DH 2.9 MIO BOSS ENERGY, AUSTRALIA CLIPPER BEAUNE BULGARIA DH 6.9 MIO ECUADORIAN VAL METAURO ITALIAN DH 8 MIO VROON, NETHERLANDS LUCKY JAPAN DB 1.28 MIO UNDISCLOSED (AUCTION) SOUTHERN SEAL JAPAN DH 8 MIO SINGAPOREAN ORIENTAL TULIP JAPAN DH 9.5 MIO UNDISCLOSED STELLAR ACACIA JAPAN DH 21 MIO JAPANESE GOLDEN FLORENCE JAPAN DH 27 MIO JAPANESE BAKI AKAR JAPAN SH 3.25 MIO UNDISCLOSED JUTUL KOREA DH 28 MIO MAERSK, DENMARK (ON SUBJECTS) SILVERIE JAPAN DB 5 MIO WEST AFRICAN CARIAD SPAIN DH 11 MIO UNDISCLOSED SLS SHIPBUILDING KOREA DH MIO DUBAI MARE DI VENEZIA KOREA DH 33 MIO USA (ON SUBJECTS) CAPE TEES CHINA DH * ENBLOC BSS CAPE TALIN CHINA DH 8 MIO UNDISCLOSED (INCL 7 YRS BBB AT USD 1. PD) SCORPIUS ITALY DH 12 MIO INDONESIAN GENMAR PROGRESS JAPAN DH 8 MIO EUROTANKERS, GREECE KYTHIRA JAPAN DH 21 MIO INDIAN URALS PRINCESS KOREA DH * ENBLOC BSS URALS STAR KOREA DH 85 MIO GREEK

4 4 TANKER SALES(Continue) NAME DWT BLT PRICE $ BUYER PACIFIC JASPER JAPAN 17.5 MIO FAREASTERN MC AMETHYST JAPAN DH 97 MIO SINOKOR, KOREA LILLEBORG JAPAN DH 26 MIO GREEK EAGLE VIRGINIA KOREA DH 6 MIO EAGLE VERMONT KOREA DH 6 MIO FRONT EAGLE KOREA DH 67 MIO ICON CAPITAL, USA (INCL 7 YRS BBB TO AET) ICON CAPITAL, USA (INCL 7 YRS BBB TO AET) DOUBLE HULL TANKERS, USA (INCL 2 YRS TCB TO FRONTLINE AT USD 32.3 PD) GAS SALES NAME DWT BLT CBM PRICE $ BUYER MEROPE STAR TURKEY MIO VIKEN SHIPPING, NORWAY EMERALD STAR ITALY MIO TRANSGAS, PERU (AUCTION IN GIBRALTAR) HYUNDAI MIPO KOREA 343 * ENBLOC BSS HYUNDAI MIPO KOREA MIO NAVIGATOR GAS, SWITZERLAND DEWA MARU JAPAN MIO NORWEGIAN BISHU MARUA JAPAN MIO NORWEGIAN

5 $/Day $/Day 5 Spot Market - Tankers VLCC SUEZMAX AFRAMAX Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 Period Market - Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar Baltic Handysize /3/211 8/3/211 15/3/211 22/3/211 29/3/211 Baltic Supramax /3/211 8/3/211 15/3/211 22/3/211 29/3/ /3/211 8/3/211 15/3/211 22/3/211 29/3/211 Baltic Panamax Baltic Capesize /3/211 8/3/211 15/3/211 22/3/211 29/3/211

6 6 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER DENIZSAN II TURKEY D 2X1, D 2X5 2.8 MIO UNDISCLOSED GV PRIMA JAPAN D 3X25.58 MIO GREEK AMARYLLIS CHINA GLESS 5.3 MIO UNDISCLOSED GULLUK JAPAN D 4X MIO UNDISCLOSED BELLATRIX ID JAPAN CR 4X MIO UNDISCLOSED VOGE MAJA JAPAN CR 3X25 14 MIO KOREAN THOR CONFIDENCE GERMANY CR 5X MIO CHINESE LIAN HUA JAPAN CR 3X25,D 1X MIO KOREAN S1 MOON JAPAN CR 4X MIO UNDISCLOSED (TWIN ENGINES) FEDERAL MATANE CHINA CR 3X MIO GREEK PANARROW JAPAN CR 4X31 28 MIO PNSC, PAKISTAN ATLANTIC ACE JAPAN CR 4X MIO UNDISCLOSED MATARIKI FOREST JAPAN CR 4X MIO JAPANESE (AUCTION) FIDELITY JAPAN CR2X3,CR1X25 4 MIO CHINESE PAN VOYAGER KOERA CR 5X MIO GREEK OLYMPIC MENTOR JAPAN CR 4X16 * ENBLOC BSS OLYMPIC MIRACLE JAPAN CR 4X16 13 MIO GREEK EVDOXIA GREAT BRITAIN CR2X25,CR2X MIO CHINESE CHIOS VOYAGER GREAT BRITAIN CR 5X MIO UNDISCLOSED ABG INDIA CR 4X MIO ABG INDIA CR 4X MIO GLOBAL BULK CARRIERS, SINGAPORE GLOBAL BULK CARRIERS, SINGAPORE ASIAN TOMORROW KOREA CR 4X MIO UNDISCLOSED SHINYO VIYAGER CHINA 23 MIO UNDISCLOSED PALOMA C JAPAN CR 4X MIO CHINESE ADMIRAL T CROATIA 4.75 MIO UNDISCLOSED(AUCTION) STAR PROVIDENCE JAPAN CR 4X MIO CHINESE LEIKANGER KOREA CR 4X3 * ENBLOC BSS LANGANGER KOREA CR 4X MIO BANGLADESHI FURTRANS BULK BULGARIA CR 4X3 25 MIO GREEK SHEN MING HONG JAPAN CR 5X25 6 MIO UNDISCLOSED SILKY OCEAN JAPAN CR 4X MIO CHINESE OCEANIC ANGEL JAPAN CR 4X MIO GREEK OCEAN ISLAND KOREA CR3X2,CR2X MIO CHINESE SONGA NOR JAPAN CR 4X25 18 MIO UNDISCLOSED GLORIANA JAPAN CR 4X3 23 MIO UNDISCLOSED DUBAI JEWEL JAPAN 26.5 MIO UNDISCLOSED ABG INDIA MIO GLOBAL BULK CARRIERS, SINGAPORE OSW CHINA * ENBLOC BSS OSW CHINA * ENBLOC BSS OSW CHINA * ENBLOC BSS OSW CHINA 18 MIO CHINESE

7 7 BULKER SALES (Continue) NAME DWT BLT GEAR PRICE $ BUYER GLOBAL TREASURE CHINA 3.5 MIO GREEK GLOBAL INFINITY CHINA 3 MIO GREEK SAKER CHINA CR 4X35 3 MIO TURKISH LOWLANDS PATRASCHE PHILIPPINES CR 4X3 3.3 MIO SHIN KASADO K JAPAN 36.3 MIO GLOBUS MARITIME LTD, GREECE (INCL BALANCE TC TILL 215 AT USD 16K PD) IKAROS SHIPPING, GREECE MIGHTY MICHALIS SPAIN GLESS 6.2 MIO UNDISCLOSED ALABANDA JAPAN GLESS 2.5 MIO FAR EASTERN MINERAL STAR JAPAN 32 MIO GREEK BUYERS JIANGSU NEW YANGZIJIANG CHINA 34.5 MIO TEO SHIPPING, GREECE AO XING GE CHINA 39.7 MIO KOREAN CAPE AZALEA JAPAN 23 MIO CYPRUS MARITIME, GREECE NAMURA JAPAN 56 MIO CERES, GREECE CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER MAKASSAR CARAKA JAYA NIAGA III INDIA MIO INDONESIAN CEC ACCORD TURKEY CR 2X MIO INDONESIAN (ON SUBJECTS) HENRY SCHULTE CHINA GLESS MIO SINOKOR, KOREA SINAR SOLO JAPAN GLESS MIO SAMUNDERA, INDONESIA PHUKET BRIDGE JAPAN GLESS MIO UNDISCLOSED MARFRET DOUCE FRANCE GERMANY CR 2X MIO UNDISCLOSED RECIFE JAPAN GLESS MIO UNDISCLOSED MILLENIA TOWER JAPAN GLESS MIO UNDISCLOSED NORDCLOUD POLAND CR 3X MIO GREEK (ON SUBJECTS) KOTA MAWAR POLAND CR 3X MIO USA BASED ESTEBROKER GERMANY CR 3X MIO GREEK SHIP FINANCE INTERNATIONAL, CMA CGM CORTE REAL KOREA MIO NORWAY (INCL 15 YRS TC BACK TO CMA CGM AT USD 5. PD WITH PURCHASE OPT.) SHIP FINANCE INTERNATIONAL, CMA CGM MAGELLAN KOREA MIO NORWAY (INCL 15 YRS TC BACK TO CMA CGM AT USD 5. PD WITH PURCHASE OPT.)

8 $/Day $/Day Spot Market - Bulkers Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 CAPESIZE PANAMAX HANDYMAX Period Market - Bulkers 1 Year T/C Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar CAPE PMAX HANDYMAX RORO SALES NAME GT BLT LM/CARS PAX PRICE $ BUYER BOUGAINVILLEA JAPAN 39 CARS MIO PHILIPPINO HIGH SPEED NETHERLANDS 152 CARS MIO UNDISCLOSED FERRY HACHINOHE JAPAN 93 CARS MIO INDONESIAN

9 $m $m 9 New building Market and Reported Contracts Tanker Prices VLCC Suezmax Aframax Mar-9 Jul-9 Nov-9 Mar-1 Jul-1 Nov-1 Mar-11 MR Bulker Prices Capesize Panamax Handymax Handysize Mar-9 Jul-9 Nov-9 Mar-1 Jul-1 Nov-1 Mar-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 Mar Delivery Schedule Bulkers >1, dwt Tankers >1, dwt Mar Tanker Newbuildings on Order VLCC Suezmax Aframax Products /3/211 Panamax Bulker Newbuildings on Order Capesize Panamax Handymax Handysize /3/211 Newbuilding Historical Prices ($m) Tankers Mar , DWT , DWT , DWT , DWT Bulkers 18, DWT , DWT , DWT , DWT Before 21 sizes to read 28, - 14, - 95, - 4, respectively for tankers and 15, - 69, for Bulkers 2 Single Hull 3 3, DWT (note: above is for vessels built Japan / Korea, you should also consider US$ / Yen relation for the years mentioned)

11 11 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Bulk 352 Samho Tongyoung Jan-12 Manta Denizcilik Bulk 352 Samho Tongyoung Mar-12 Manta Denizcilik Bulk 36 Hyundai Mipo 213 Daiichi Chuo Bulk 36 Hyundai Mipo 213 Daiichi Chuo Bulk 36 Hyundai Mipo 213 Daiichi Chuo Bulk 556 Hyundai Vinashin Aug-12 HI Investments Bulk 556 Hyundai Vinashin Nov-12 HI Investments Bulk 57 Jinling Shipyard 212 Shandong Shipping Bulk 57 Jinling Shipyard 212 Shandong Shipping Bulk 82 Sungdong S.B Mio Unknown Turkish Bulk 82 Sungdong S.B Mio Unknown Greek Owner Bulk 82 Sungdong S.B Mio Unknown Greek Owner Bulk 82 Sungdong S.B Mio Unknown Turkish Option Bulk 82 Sungdong S.B Mio Unknown Greek Owner Option Bulk 82 Sungdong S.B Mio Unknown Greek Owner Option Bulk 18 Beihai Shipyard 212 Shandong Shipping Bulk 18 Beihai Shipyard 212 Shandong Shipping Bulk 18 Beihai Shipyard 212 Shandong Shipping Cont 585 Sungdong S.B. 213 Tsakos Shpg. & Trad. 47 Teu Cont 585 Sungdong S.B. 213 Tsakos Shpg. & Trad. 47 Teu Cont 12 Hyundai H.I. 213 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 213 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 213 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 213 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 213 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 214 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 214 Hamburg-Sud 97 Teu (Option) Cont 12 Hyundai H.I. 214 Hamburg-Sud 97 Teu (Option) Cont 12 Hyundai H.I. 214 Hamburg-Sud 97 Teu (Option) Cont 12 Hyundai H.I. 214 Hamburg-Sud 97 Teu (Option) Cont 115 Hyundai H.I Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I Mio Hamburg-Sud 97 Teu (Option) Cont 115 Hyundai H.I Mio Hamburg-Sud 97 Teu (Option) 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 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 (Option) Cont 14 Samsung H.I Mio OOCL 13 Teu (Option) Cont 14 Samsung H.I Mio OOCL 13 Teu (Option) Cont 14 Samsung H.I Mio OOCL 13 Teu (Option) Cont 165 Daewoo Mio Maersk Line 18 Teu Cont 165 Daewoo Mio Maersk Line 18 Teu Cont 165 Daewoo Mio Maersk Line 18 Teu Cont 165 Daewoo Mio Maersk Line 18 Teu Cont 165 Daewoo Mio Maersk Line 18 Teu Cont 165 Daewoo Mio Maersk Line 18 Teu Cont 165 Daewoo Mio Maersk Line 18 Teu

12 12 The Shipbuilding Market (Continue) TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Cont 165 Daewoo Mio Maersk Line 18 Teu Cont 165 Daewoo Mio Maersk Line 18 Teu Cont 165 Daewoo Mio Maersk Line 18 Teu Cont 165 Daewoo Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo Mio Maersk Line 18 Teu (Option) Drilling Tender COSCO Nantong Mar Mio Seadrill Drilling Tender COSCO Nantong Sep Mio Seadrill Drillship Hyundai H.I. May Mio Noble Corporation FPSO 155 Hyundai H.I. May-16 Unknown FSO 135 Fincantieri May-11 Fincantieri FSO Ras Laffan Oct-12 Qatar Petroleum Jackup Drill Lamprell Sharjah Feb-11 Greatship Idia Ltd Jackup Drill Lamprell Sharjah Oct-12 Greatship India Ltd Jackup Drill AMFELS Mar Mio Perforadora Central Jackup Drill Keppel Fels Mar Mio Japan Drilling Co. Jackup Drill Jurong Shipyard Aug Mio Seadrill L.P.G. 35 Shitanoe Zosen Apr-12 Berlian Laju Tanker L.P.G. 35 Shitanoe Zosen May-12 Berlian Laju Tanker L.P.G. 35 Shitanoe Zosen Jun-12 Berlian Laju Tanker LNG 8 Mitsubishi H.I. 214 Nippon Yusen Kaisha MPP 23 Ferus Smit 213 Wagenborg Shpg. B.V. 9 Teu MPP 23 Ferus Smit 214 Wagenborg Shpg. B.V. 9 Teu Pass/Car F. 6 Mitsubishi H.I. Jul-12 Shin Nippon Ferry Pass/Car F. 6 Mitsubishi H.I. Oct-12 Shin Nippon Ferry RoRo/Cont 26 Hyundai Mipo Mio Nat. Shpg.Of S.Arabia RoRo/Cont 26 Hyundai Mipo Mio Nat. Shpg.Of S.Arabia RoRo/Cont 26 Hyundai Mipo Mio Nat. Shpg.Of S.Arabia RoRo/Cont 26 Hyundai Mipo Mio Nat. Shpg.Of S.Arabia RoRo/Cont 26 Hyundai Mipo Mio Nat. Shpg.Of S.Arabia Option RoRo/Cont 26 Hyundai Mipo Mio Nat. Shpg.Of S.Arabia Option

13 13 Demolition Market Demolition Prices Gen Cargo Tanker India USD 475 /lt Ldt USD 51 /lt Ldt Bangladesh USD 485 /lt Ldt USD 495 /lt Ldt Pakistan USD 47 /lt Ldt USD 49 /lt Ldt China USD 43 /lt Ldt USD 45 /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

14 Year Total Demolition Million dwt India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK HAMOUDI F BULK SUN SUMA BULK ELBIA Asis Cape Town BULK SANTA CATARINA BULK THOR TRANSPORTER BULK CHANDI PRASAD Asis Spore with 6 T IFO RoB TANK PENELOPE TANK AKTI N TANK CHAMPION Old Sale TANK RAINBOW I TANK BOW PUMA GAS BENE NIKI GAS CASTORGAS RORO SIAM PROJECT RORO FAIRMAST RORO SEAWAY NO RORO NAESBORG Asis Spore Incl T RoB + Aluminium

15 15 India (Continue) TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS TWEEN KAMNIK TWEEN HIBISCUS ONE TWEEN CAPE SYROS TWEEN LAUTAN ARAFURA TWEEN KING WILL TWEEN ELEANA TWEEN SEAWAY NO CONT DUBAI DISCOVERY CONT MSC SHAULA CONT MSC CHITRA REEF FIONA Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK ITC DRAGON BULK SLAVIANKA BULK MATRIX BULK GOOD NEWS BULK ITC EXPRESS BULK SOUND PROODOS BULK OCEAN PARK Asis S. Korea Dely end 5/211 TANK TULIN China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK KUN PENG BULK XIN DONG DA BULK XIANG HE BULK CAPE SANTA MILAGRIA BULK CHINA PROSPERITY BULK DOCEBAY Incl 733 T RoB BULK DOCERIVER Incl 843 T RoB BULK LAMBERT MARU COMBO EVER EXPRESS TANK ANTONIS A TWEEN SAN FONG

16 16 Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK YAMAK TRADER BULK RILA Incl 75T RoB BULK TJ ANDROMEDA TANK FAHRA TANK IRAN BEHESHTI TWEEN BRIGHT STAR Turkey TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK TWIN

17 $/Barrel 17 Market Indicators Currencies USD-EURO USD-YEN 1/4/1 1/6/1 1/8/1 1/1/1 1/12/1 1/2/11 1/4/ Brent Oil /4/1 1/7/1 1/1/1 1/1/11 1/4/11 GBP CAD EUR JPY CHF USD AUD GBP CAD EUR JPY CHF USD AUD * Values 31/3/211

18 18 Stock Watch NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW NewLead Holdings NEWL Capital Product CPLP Partners Diana Shipping DSX Dryships DRYS Eagle Bulk EGLE Euroseas ESEA Excel Martime EXM Freeseas FREE Genco Shipping&Trading GNK General Maritime GMR Goldenport GPRT Navios NM Omega Navigation ONAV Paragon PRGN Safe Bulkers SB Star Bulk SBLK Stealthgas GASS TEN TNP TOP Ships TOPS * 31/3/11 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.