WEEKLY SHIPPING MARKET REPORT WEEK 24

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1 WEEKLY SHIPPING MARKET REPORT WEEK 24 Market overview The Hellenic Shipbrokers Association has the pleasure to announce that the much-anticipated Pireas 217 Shipbrokers Dinner & Global Shipbrokers Forum that will once again unite the Shipping community at the very place it was born, Greece! With Advanced Shipping & Trading as a sponsor day 1 Thursday, 15th June has been successfully completed at the Metropolitan Hotel Athens. With Day 2 Friday, 16th June the Shipbrokers Dinner venue will take place Glyfada Golf Club of Athens. Bulkers Baltic Indices (Friday Closing Values) Dry Bulk Index Week 24 Week 23 Change (%) BDI ,53 BCI ,72 BPI ,44 BSI ,1 BHSI ,47 On the Kamsarmax size, the Ocean Phoenix I dwt blt 27 Tsuneishi has been reported as sold to Greek buyers at $ 13.5 mill, maintaining the same momentum with the last sale at $ 13 mill. On the Supramax size, the "Bw Indigo" (ex Indigo Spera) 56.1 dwt built 211 is reported sold to Greeks at $ 15.4 mill. Moreover, we saw the similar age and size Privaegean 56. dwt but built 211 in Hantong China sold to Greeks clients of StarBulk at $ 1 mill. Also, the Precious Wind dwt built 21 Shin Kurushima has been reported as sold to also Greek clients. On the Handymax size, Nomikos has sold the Astra 48.8 dwt built 24 Ihi Marine to undisclosed at levels $ 8 mill. Interesting will be to see from the same owners what levels will Corona get as she is presently at Sunderland discharging. On the suezmax size, Mr Diamadidis of Delta has been a busy man with the purchase of two resales, Samho S852 & Samho S dwt built 217 Hyndai Samho at $ mill each. Following the latter sale, Nowegian Ocean Yield also purchased a resale similar size suezmax, Poliegos dwt built 217 Sungdong at $ 54 mill including a 14 years BBB. Finally, and ending the Suezmax resale sale storm the two New Times & New Times dwt built New times China at levels $52 mill to undisclosed buyers. Tanker Index Week 24 Week 23 Change (%) BDTI ,75 BCTI ,62 Demolition For another week, demolition shown negativity on demand something that is followed by lower pricing. Price levels still with declining figures with rgn $ for BC and $ for on Subcontinent yards. Bangladesh yards has been noticed to pay less than Pakistan, India. Stabilization in Turkey and Chinese yards with levels at rgn $ for BC and. Something that is worth mentioned, are they 3 that demolished, 2 in Subcontinent(India) and 1 China. 4 GC/BC vessels headed to the beaches,each 2 were divided to China and Subcontinent(Pakistan/Bangladesh). Container demand is still low, only with 1 vessel to China. Total sales (14) remained at same as previous weeks, around 15 vessels per week. Indicative Demolition Prices Country Tanker Prices Bulker Prices India Bangladesh Pakistan China Turkey WEEKLY SHIPPING MARKET REPORT - pg. 1

2 DRY BULK REPORTED COMMENTARY SALES Capesize West Australian iron ore rates into China kept rating during Week 24 in the mid/high usd 5. s pmt range. Brazilian iron ore rates into China at high usd 12. s pmt levels. Majority of Pacific round trips via Australia have been reported at usd 13, pd levels. No period activity to report here. Kamsarmax/Panamax A reposition fixture for an Ultramax at usd 4, pd for the first 65 days and usd 9,5 pd thereafter, for a trip ex China into the Mediterranean. North Pacific round trips into the Far East have been rating in the usd 7,/8, pd range. Pacific round trips via Australia and Indonesia have been rating in the usd 6,/7, pd range. A number of 75, mts Australian coal parcels into India have been reported at high usd 1. s pmt levels. Atlantic fronthauls basis US Gulf delivery have been rating at mid usd 9, s pd levels plus a usd 45,ish ballast bonus. South American grain trips into the Far East have been mostly reported in the low/mid usd 9, s pd levels plus a usd 45,ish ballast bonus basis APS delivery. Intercontinental coal trips are being reported at mid usd 8, s pd levels. Period employments have been reported in the usd 8,/9, pd range. Ultramax / Supramax Indonesian coal trips into China have been offered in the usd 7,/8, pd range basis Singapore delivery. Nickel ore round trips via the Philippines into China at usd 7, s pd levels. Persian Gulf limestone trips into India have been offered in the usd 6,/7, pd range basis APS delivery. South African coal trips into India at usd 14, pd levels basis APS delivery. Usd 18,5 pd for a US Gulf petcoke run into India. South American fronthaul trips in the low/mid usd 12, s pd range plus a usd 25,ish ballast bonus. Usd 11, for a South American iron ore run into the Continent. Period employments kept rating in the usd 8,/9, pd range. Handymax / Handysize Another quiet week for this segment. Trips within the Pacific and the Indian oceans continued rating in the usd 5,/6, pd range. Usd 6, pd for a Continental trip with grains into the US East Coast. South American trips towards the Continent have fallen at mid usd 8, s pd levels. West Coast Central America direction at usd 13, pd. Usd 8,5 pd for a US Gulf trip into the Mediterranean. No period activity to report here Capesize Panamax Supramax Handymax WEEKLY SHIPPING MARKET REPORT - pg. 2

3 REPORTED SALES WEEK (9(2 th nd Jun Jun to to 169 th Jun 217) Bulk Carriers Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments Kamsarmax Ocean Phoenix I 82, Tsuneishi, 12/221 B&W - $ 13.5 Greek Supramax Privaegean 56, Hantong, China 5/221 B&W 4 x 36 T $ 1. Greek (StarBulk) Supramax BW Indigo 56, 211 Mitsui Chiba, 8/22 B&W 4 x 3 T $ 15.4 Greek Supramax Precious Wind 52, Shin Kurushima, 4/221 Mitsubi shi 4 x 3 T $ 6.6 Greek Handymax Astra 48, Handysize Jia Tai 35, Ihi Marine, Zhejiang, China 1/219 Sulzer 4 x 3 T $ 8. Undisclosed 12/221 B&W 4 x 25 T $ 6.8 Chinese Handysize Voge Emma 36, Handysize Voge Mia 31, Mipo, Mipo, 4/221 B&W 4 x 3,5 T $ 11. 5/221 B&W 4 x 3,5 T $ 11. Norwegian (Fearnley Finance & Ks Fund) Type Name Dwt YoB Yard SS M/E Price(mill) Buyer Comments Suezmax Suezmax Samho S852 Samho S , , 217 Suezmax Poliegos 157, Suezmax Suezmax Mr New Times New Times Nord Integrity 157, ,5 217 Samho, Samho, Sungdong, New Times, China New Times, China - B&W $ xxx $ /217 Wartsila $ B&W $ B&W $ 52. Greek (Delta ) Norwegian (Ocean Yield) Undisclosed 48,26 21 Iwagi, 22/7/22 B&W $ 17.5 Greek Incl 14 yrs BBB WEEKLY SHIPPING MARKET REPORT - pg. 3

4 REPORTED SALES Type Name Dwt YoB Yard SS M/E Price(mill) Buyer Comments CPT Agdash 13,3 27 LPG Gas Emperor 5, LPG Gas Icon 5, LPG Sigas Sonja 4, LPG Lady Elena 4, LPG Anette Kosan 3, LPG Gammagas 3, Krasnoye, Russia Kitanihon, Kitanihon, Murakami Hide, Tachibana, Shitanoe, Dunston Hesle, U.K 1/217 Wartsila Undisclosed Turkish 11/219 Mitsubishi $ 2.7 Vietnamese (FGAS Petrol 12/218 Mitsubishi $ 2.7 Co) 7/22 Mitsubishi Undisclosed 8/218 Mitsubishi $ 3.5 7/221 Mitsubishi $ 5. 8/217 Mak $.9 S. n (Duck Yang Shipping) S.n Turkish (Argaz) Container Type Name Teu YoB Yard SS M/E Gear Price Buyer Comments Post Panamax E.r Tianan 8, Samho, 2/22 B&W - $ 26. Undisclosed Sub Panamax Cape Melville 2, Aker, Germany 6/22 B&W - $ 7.9 German (MPC) Sub Panamax Arosia 2, Gdynia Stocznia, Poland 3/221 B&W 3 x 45 T $ 1.2 Brazilian (Log In Logistica) WEEKLY SHIPPING MARKET REPORT - pg. 4

5 DEMOLITION Type Vessel Dwt YoB Ldt Price $ Country Comments Miscellaneous Ore Sossego , India Tanker Med Star , India Tanker Star ,658 n/a India RoRo Camellia Ace ,752 n/a India For guaranteed HK SOC green recycling sale RoRo Maple Ace II , India Green Recycling RoPax Subic ,687 n/a India Container Ren Jian ,295 n/a China RoRo Harmoni Mas II ,626 n/a Bangladesh GC Luna ,136 n/a Pakistan RoRo Sea Anemos ,6 22 Turkey GC Papuan Coast , Bangladesh Tanker Kokamaru No , China GC Lake Hill n/a n/a India BC Oriental Sunny n/a n/a China Miscellaneous Ore Sossego , India For guaranteed HK SOC green recycling sale WEEKLY SHIPPING MARKET REPORT - pg. 5

6 NEWBUILDING Bulkers Units Type Dwt Yard Delivery Price (mill) Owner Comments 3 Vloc 325, Hi, Undisclosed 3 Ultramax 64, Csi Jiangsu, China 219 Undisclosed 1 Ultramax 63, Imabari, 22 Undisclosed S.n (Polaris Shipping) U.A.E (Tomini Shipping) Norwegian (Belships ASA) Againts COA To Vale T/c Period for 8 Yrs + 2 yr option with po at 4 yr Units Type Dwt Yard Delivery Price (mill) Owner Comments 2 Vlcc 32, Nantong Cosco, China Mid $ 7. 2 Vlcc 32, Dalian Cosco m China Mid $ Vlcc 32, CSSC, China Mid $ Vlcc 32, SWS,China Mid $ 7. 3 Suezmax 158, SWS, China Undisclosed 5 Aframax 12, CSSC,China Undisclosed Chinese (Cosco) Tier III WEEKLY SHIPPING MARKET REPORT - pg. 6

7 INDICATIVE PRICES Bulk Carriers Size Prompt Resale 5 years 1 years 15 years Capesize Panamax-Kamsarmax Supramax Handysize Bulk Carriers , ,5 Prompt Resale 5 years 1 years 15 years Capesize Panamax Supramax Handysize Size Prompt Resale 5 years 1 years 15 years VLCC Suezmax Aframax MR Prompt Resale 5 years 1 years 15 years VLCC Suezmax Aframax MR WEEKLY SHIPPING MARKET REPORT - pg. 7

8 1/11/216 15/11/216 3/11/216 1/12/216 25/12/216 5/1/217 2/1/217 1/2/217 15/2/217 3/2/217 1/3/217 25/3/217 5/4/217 2/4/217 1/5/217 15/5/217 3/5/217 1/6/217 1/11/216 15/11/216 3/11/216 1/12/216 25/12/216 5/1/217 2/1/217 1/2/217 15/2/217 3/2/217 1/3/217 25/3/217 5/4/217 2/4/217 1/5/217 15/5/217 3/5/217 1/6/217 KEY INDICATORS Currency Week 24 Week 23 Change (%) EUR / USD 1, ,33 JPY / USD 111, ,78 KRW / USD 1, ,123.16,98 NOK / USD ,43 EUR / USD 1,15 1,1 1,5 1,95 Commodity Week 24 Week 23 Change (%) Brent Crude (BZ) ,26 WTI Crude Oil (WTI) ,2 Natural Gas (NG) ,66 Gold (GC) 1, , ,62 Copper ,8 Wheat (w) , Brent Crude WTI Crude WEEKLY SHIPPING MARKET REPORT - pg. 8

9 SHIPPING INDICATIVE SHARE VALUE Stock Prices Shipping Companies Company Stock Exchange Week 24 Week 23 Change (%) Diana Shipping Ink (DSX) NASDAQ ,33 Dry ships Ink (DRYS) NASDAQ ,53 Euroseas Ltd (ESEA) NASDAQ ,33 Eagle Bulk Shipping Inc (EGLE) NASDAQ ,87 Navios Maritime (NM) NYSE ,46 Navios Maritime PTN (NMM) NYSE , Star Bulk Carriers Corp (SBLK) NASDAQ ,77 Seanergy Maritime Holdings Corp (SHIP) NASDAQ ,99 Safe Bulkers Inc (SB) NYSE ,62 Golden Ocean (GOGL) NASDAQ ,85 Stock Prices - Wet Company Stock Exchange Week 24 Week 23 Change (%) Capital Product Partners LP (CPLP) NASDAQ ,18 TOP Ships Inc (TOPS) NASDAQ , Tsakos Energy Navigation (TNP) NYSE ,47 Stock Prices - Other Company Stock Exchange Week 24 Week 23 Change (%) Aegean Maritime Petrol (ANW) NYSE ,4 Danaos Corporation (DAC) NYSE ,7 Stealth Gas Inc (GASS) NASDAQ ,21 Rio Tinto (RIO) NYSE ,55 Vale (VALE) NYSE ,2 ADM Archer Daniels Midland (ADM) NYSE ,83 BHP Billiton (BHP) NYSE ,1 WEEKLY SHIPPING MARKET REPORT - pg. 9

10 CONTACT DETAILS WEEK WEEK 2 (6 24 th (9Jan th Jun to to 1316 th Jan th Jun 217) 217) ADVANCED SHIPPING & TRADING S.A. Vouliagmenis Avenue 168, 1 st Floor, Glyfada 16674, Greece Tel: Fax: Sale & Purchase Department: Dry Cargo Chartering Department: Capt. Fountoglou Michalis Mob: Bonatsos Mavra Mob: Papoutsis George Mob: Benetos Kostas Mob: Balpakakis Manolis Mob: Tiliakos Michalis Mob: Chrousalas Thanasis Mob: Pittas Iordanis Mob: Landrakis Stelios Mob: Manessis Sophia Mob: Bilias Tasos Mob: Tsintas Kostas Mob: Kontaratos Alkis Mob: Markoutsa Kanella Mob: Operations Department: Research Department: Katsouli Fotini Mob: Stergiou Kostas Mob: Chief Executive Consultant: Administration Department: Capt. Galonis Dimitrios Mob: Chronopoulou Fenia Mob: THINK BIG Legal Disclaimer The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up-to-date, Advanced Shipping & Trading S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report. Research compiled by: Advanced Shipping & Trading S.A. Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions, please contact: WEEKLY SHIPPING MARKET REPORT - pg. 1

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