ATHENIAN SHIPBROKERS S.A.

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Abel Bailey
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Mar-7 Jul-7 Nov-7 Mar-8 Jul-8 Nov-8 Mar-9 Jul-9 Nov-9 Mar-1 Jul-1 Nov-1 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16

1 Mar-7 Jul-7 Nov-7 Mar-8 Jul-8 Nov-8 Mar-9 Jul-9 Nov-9 Mar-1 Jul-1 Nov-1 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar , Vas. Pavlou Str., GR , Voula, Athens, Greece Tel: Fax: Internet Mail: athenian(at)atheniansa(dot)gr M O N T H L Y R E P O R T Baltic Dry Index March 217 PRICES TANKERS ($ MIO) * Prices reflect Year s End 211* 212* 213* 214* 215* 216* Mar-17 VLCC 5Y VLCC 1Y SUEZMAX 5Y AFRAMAX 5Y AFRAMAX1Y PANAMAX5Y K 5Y D/H K 1Y D/H K 2Y PRICES BULKERS ($ MIO) * Prices reflect Year s End 211* 212* 213* 214* 215* 216* Mar-17 CAPESIZE 5Y CAPESIZE 1Y CAPESIZE 15Y CAPESIZE 2Y PANAMAX 5Y PANAMAX 1Y PANAMAX 15Y PANAMAX 2Y SUPRAMAX 5Y

2 Prices (USD Mio) Price (USD) Price (USD Mio) Price (USD) 2 S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S 9. Monthly Tanker Market Trend 7 Monthly 1 Yr TC Rates VLCC 5Y VLCC 1Y SMAX 5Y AMAX 5Y VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C AMAX 1Y PMAX 5Y 45K 5Y D/H 45K 1Y D/H PMAX 1 Yr T/C MR 1 Yr T/C 6. Monthly Bulk Carrier Market Trend 35 Monthly 1 Yr TC Rates CAPE 5Y CAPE 1Y CAPE 15Y PMAX 5Y PMAX 1Y PMAX 15Y SUPRA 5Y HMAX 1Y HMAX 15Y CAPE 1 Yr T/C SUPRA 1 Yr T/C PMAX 1 Yr T/C HMAX 1 Yr T/C

3 3 S E C O N D H A N D T O N N A G E M A R K E T S&P Activity Dry (>5, Dwt) AVAILABLE FOR SALE REPORTED SOLD PREVIOUS MONTH A/BLE FOR SALE PREVIOUS MONTH SALES S&P Activity Tankers (>5, Dwt) AVAILABLE FOR SALE REPORTED SOLD PREVIOUS MONTH A/BLE FOR SALE PREVIOUS MONTH SALES THIS MONTH - PREVIOUS MONTH THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market Ship Type Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Total BULK TANK GAS CONT TWEEN/MPP REEF RORO FERRY CRUISE Total

4 4 Baltic Clean Tanker - Yearly WEEK NO Baltic Dirty Tanker - Yearly WEEK NO 217 Baltic Clean Tanker - Monthly /3/217 8/3/217 15/3/217 22/3/217 29/3/217 Baltic Dirty Tanker - Monthly /3/217 8/3/217 15/3/217 22/3/217 29/3/217 TANKER SALES NAME DWT BLT PRICE $ BUYER ASUKA JAPAN DH 5.5 MIO UNDISCLOSED (Epoxy) CAP FERRET NETHERLANDS DH 2.7 MIO GREEK (Epoxy) EASTERN MERMAID JAPAN DH 9 MIO VIETNAMESE (STST) DONG-A PENEUS KOREA DH 1.5 MIO PRIME SHIPPING (Epoxy) LOYAL PEGASUS CHINA DH 11 MIO ASIAN CARIBBEAN ORCHID JAPAN DH 17.5 MIO S KOREAN (STST) FAIRCHEM KISO JAPAN DH 21.8 MIO BOW ARCHITECT JAPAN DH 16.7 MIO UNDISCLOSED (STST. Incl yrs TCB) ODFJELL (STST. Purchase option declared) MARE ACTION KOREA DH 1 MIO UNDISCLOSED TORM ANNE KOREA DH 7 MIO UNDISCLOSED (Epoxy) ALAM BAKTI JAPAN DH 1 MIO INDONESIAN (Epoxy) MORNING GLORY VIII JAPAN DH 1.2 MIO FAR EASTERN (Epoxy) KYEEMA SPIRIT KOREA DH 7.7 MIO UNDISCLOSED (DD D 7/17) NISSOS ANAFI KOREA DH 29.1 MIO UNDISCLOSED (SS passed) BW LION KOREA DH * ENBLOC BSS BW LAKE KOREA DH * ENBLOC BSS BW UTIK KOREA DH * ENBLOC BSS BW UTAH KOREA DH * ENBLOC BSS BW BAUHINIA KOREA DH * ENBLOC BSS BE EDELWEISS KOREA DH * ENBLOC BSS BW OPAL KOREA DH * ENBLOC BSS DAEWOO KOREA DH * ENBLOC BSS DAEWOO KOREA DH * ENBLOC BSS BW PEONY CHINA DH * ENBLOC BSS BW LOTUS CHINA DH 538 MIO DHT (Ttl price. Cash and share deal)

5 $/Day $/Day 5 DAEWOO KOREA DH 77.5 MIO ENBLOC BSS DAEWOO KOREA DH 77.5 MIO FRONTLINE (Price each) BUNGA KASTURI DUA JAPAN DH 31 MIO AZA SHIPPING FRONT CIRCASSIA JAPAN DH 18.5 MIO UNDISCLOSED DHT ANN KOREA DH 24.8 MIO GAS SALES UNDISCLOSED (Long subs. For conversion) NAME DWT BLT CBM PRICE $ BUYER CRANE RADIUS JAPAN MIO S KOREAN GAS BANGKA JAPAN MIO ENBLOC BSS PGC DARKO KING JAPAN MIO FGAS PETROL (Price each) GAS PAPUA JAPAN MIO S KOREAN HYUNDAI SAMHO S KOREA MIO GREEK (Incl TC attached for 5+3 yrs) GOLAR CRYSTAL KOREA MIO CSDC (Sale and TC back) Spot Market - Tankers VLCC SUEZMAX AFRAMAX Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 Period Market - Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar

6 6 Baltic Handysize /3/217 8/3/217 15/3/217 22/3/217 29/3/217 Baltic Supramax /3/217 8/3/217 15/3/217 22/3/217 29/3/217 Baltic Panamax /3/217 8/3/217 15/3/217 22/3/217 29/3/217 Baltic Capesize /3/217 8/3/217 15/3/217 22/3/217 29/3/217 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER PAUL PHILIPPINES CR 4X3 2.6 MIO UNDISCLOSED ZHE HAI CHINA GLESS 4.9 MIO CHINESE CLIPPER IZUMO JAPAN CR 4X3 8.4 MIO GREEK ALICE JAPAN CR 4X3 3 MIO CHINESE LORD BYRON JAPAN CR 4X3 4.5 MIO UNDISCLOSED GIZA I JAPAN CR 4X MIO EUROPEAN OCEAN HARMONY JAPAN CR 4X3 9.2 MIO UNDISCLOSED CAMPANULA JAPAN CR 4X3 6.5 MIO UNDISCLOSED HARLEQUIN CHINA CR 4X MIO UNDISCLOSED ZHE HAI CHINA GLESS 7.3 MIO CHINESE (Via Auction) AUDREY-TRACY JAPAN CR 4X MIO GREEK INTREPID HARVESTER CHINA CR 4X3 9.8 MIO GREEK HANJIN PERTH KOREA CR 4X3 12 MIO UNDISCLOSED MILAU BULKER JAPAN CR 4X MIO UNDISCLOSED OLGA TOPIC JAPAN CR 4X25 4 MIO UKRAINIAN TOP BRILLIANCE JAPAN CR 4X MIO UNDISCLOSED SPARROW JAPAN CR 4X3 5.1 MIO CHINESE CHAVIN QUEEN JAPAN CR 4X3 1 MIO UNDISCLOSED NAVIOS IONIAN JAPAN CR 5X3 5.1 MIO CHINESE STELLA MARIS JAPAN CR 4X3 9.7 MIO UNDISCLOSED ALITIS JAPAN CR 4X3 6.9 MIO BANGLADESHI TUBARAO CHINA CR 4X MIO GREEK OCEAN PIONEER JAPAN CR 4X3 5.8 MIO UNDISCLOSED (Laid up Iran, out of class) ADMIRAL SCHMIDT JAPAN CR 4X3 9.9 MIO UNDISCLOSED

7 7 HONEST SPRING JAPAN CR 4X3 12 MIO UNDISCLOSED SUN ACAPULCO JAPAN CR 4X3 9.5 MIO GREEK AVENTURIN CHINA CR 4X MIO UNDISCLOSED FELIZ N CHINA CR 4X MIO CHINESE JS AMAZON CHINA CR 4X35 * ENBLOC BSS JS COLORADO CHINA CR 4X35 * ENBLOC BSS JS TAMISE CHINA CR 4X35 * ENBLOC BSS JS MEKONG CHINA CR 4X35 * ENBLOC BSS JS MISSISSIPPI CHINA CR 4X35 * ENBLOC BSS JS MISSOURI CHINA CR 4X35 * ENBLOC BSS JS NARMADA CHINA CR 4X35 * ENBLOC BSS JS SANAGA CHINA CR 4X35 * ENBLOC BSS JS YANGTSE CHINA CR 4X MIO US BASED (Ttl Price) MEDI CORK CHINA CR 4X MIO UNDISCLOSED JUN HAO KOREA GLESS 5.5 MIO INDIAN JULIAN CHINA GLESS 6.2 MIO UNDISCLOSED UNICO JIANNA JAPAN GLESS 3.3 MIO CHINESE GRAND LEGEND CHINA GLESS 8.5 MIO UNDISCLOSED ALESSANDRO VOLTA JAPAN GLESS 9.8 MIO GREEK Q SHEA JAPAN GLESS * ENBLOC BSS Q KEEN KOREA GLESS * ENBLOC BSS Q IOANARI KOREA GLESS * ENBLOC BSS Q JAKE JAPAN GLESS * ENBLOC BSS Q ARION JAPAN GLESS * ENBLOC BSS Q SUE JAPAN GLESS * ENBLOC BSS Q DEB JAPAN GLESS * ENBLOC BSS Q KENNEDY JAPAN GLESS * ENBLOC BSS Q MYRTALIA CHINA GLESS * ENBLOC BSS Q ANASTASIA KOREA GLESS * ENBLOC BSS Q AMREEN KOREA GLESS * ENBLOC BSS Q KAKI JAPAN GLESS * ENBLOC BSS Q HOUSTON JAPAN GLESS * ENBLOC BSS Q GAYLE JAPAN GLESS 364 MIO GOLDEN OCEAN (Ttl Price. Equity shares and debt take over deal) NCS BEIJING JAPAN GLESS 14.7 MIO RIMORCHIATORI RIUNITY UNITED PRESTIGE JAPAN GLESS 22.3 MIO GREEK HANJIN PORT KAMSAR JAPAN GLESS 21 MIO ENBLOC BSS HANJIN HADONG JAPAN GLESS 21 MIO PANOCEAN (Price each) BW GRAIN JAPAN GLESS 14.5 MIO SONGA BULK WELSUCCESS CHINA GLESS 15.3 MIO KOREA SHIPPING CCS ANGEL JAPAN GLESS 5.5 MIO MID EASTERN EARNEST SKY JAPAN GLESS 17.5 MIO GREEK CE-DUKE JAPAN GLESS 19 MIO ENBLOC BSS CE-ALLIANCE JAPAN GLESS 19 MIO GREEK (Price each) HANJIN ESPERANCE KOREA GLESS 29.5 MIO JP MORGAN HANJIN RIZHAO KOREA GLESS 26.5 MIO ENBLOC BSS HANJIN DANGJIN KOREA GLESS 26.5 MIO KOREA LINE (Price each) DONG-A ARTEMIS KOREA GLESS 32.1 MIO US LISTED PACIFIC CAPELLA CHINA GLESS 27 MIO US BASED

8 $/Day $/Day Spot Market - Bulkers 285 CAPESIZE PANAMAX HANDYMAX Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar Period Market - Bulkers 1 Year T/C 17 CAPE PMAX HANDYMAX Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER AMERICA FEEDER TURKEY CR 2X MIO PHILIPPINO SOPHIA CHINA GLESS MIO EIMSKIP MARE FOX GERMANY GLESS MIO UNDISCLOSED SANTA PANAGIA TAIWAN MIO JAPANESE MANATEE JAPAN CR 3X MIO TANTO LINES HANSA CENTURION KOREA CR 3X4, CR 1X MIO SM LINE THEA S GERMANY CR 3X MIO INDONESIAN KANAGA ISLAND GERMANY CR 3X MIO ENBLOC BSS ELBA ISLAND GERMANY CR 3X MIO SITC (Price each) CAP BEATRICE KOREA CR 4X MIO TUFTON IMARA CHINA CR 3X MIO SALAM PACIFIC ULYSSES POLAND CR 3X MIO SITC PARTICI CHINA GLESS MIO UNDISCLOSED PRAIA CHINA GLESS MIO UNDISCLOSED HS BRUCKNER CHINA GLESS MIO ASIAN ANL BARWON CHINA GLESS MIO UNDISCLOSED BUFFALO HUNTER KOREA GLESS MIO GREEK HANJIN SHENZHEN KOREA GLESS MIO ENBLOC BSS HANJIN CHONGQING KOREA GLESS MIO SM LINE (Price each)

9 9 HANJIN NETHERLANDS KOREA GLESS MIO ENBLOC BSS HANJIN KOREA KOREA GLESS MIO ENBLOC BSS HANJIN SPAIN KOREA GLESS MIO ENBLOC BSS HANJIN CHINA KOREA GLESS MIO ENBLOC BSS HANJIN UNITED KINGDOM KOREA GLESS MIO GREEK (Price each) RORO/PASS SALES NAME GT BLT LMTRS/CARS PAX PRICE $ BUYER SLOMAN PROVIDER* TURKEY 375/ 12 N/A UNDISCLOSED *Based on market intelligence, had been erroneously reported in our January Monthly Report as sold at levels of USD 2 Mio. Understand has been sold at much higher levels.

10 $m $m 1 N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S Tanker Prices VLCC Suezmax Aframax Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 MR Bulker Prices Capesize Panamax Handymax Handysize 1 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar Ship Type Total Capesize Panamax Supra/Hmax Handies Total Ship Type Total ULCC/VLCC Suezmax Aframax Panamax MR+Small Total Ship Type Total VLGC LGC MR Handy Small Total

11 m. dwt m. dwt No. of Vessels m. dwt 11 Newbuilding Sales Tankers >1, dwt Bulkers >1, dwt Containerships Mar Delivery Schedule Bulkers >1, dwt. Tankers >1, dwt Mar VLCC Aframax Products March 217 Tanker Newbuildings on Order Suezmax Panamax Bulker Newbuildings on Order Capesize Panamax Handymax Handysize March 217 Tankers Newbuilding Historical Prices ($m) Mar , DWT , DWT , DWT , DWT Bulkers 18, DWT , DWT , DWT , DWT Before 21 sizes to read 28, - 14, - 95, - 4, respectively for tankers and 15, - 69, for Bulkers 2 Single Hull 3 3, DWT (note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)

12 12 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Chem & Oil 355 Shin Kurushima 218 Unknown Chem & Oil 355 Shin Kurushima 219 Unknown Chem & Oil 7 Jiangsu Dajin HI Mio Unknown Chem & Oil 36 Unknown Japanese 219 Unknown Chem & Oil 36 Unknown Japanese 22 Unknown Chem & Oil 35 Dae Sun Shipbuilding 218 Shokuyu Tanker Co. Container 21 COSCO Guangdong 219 Lomar Shipping Container 21 COSCO Guangdong 219 Lomar Shipping Container 21 COSCO Guangdong 219 Lomar Shipping Container 21 Jiangsu New YZJ 219 Lomar Shipping CS/BW Dredger IHC Dredgers 219 DEME Building Gcargo 42 Chowgule SB 218 Wijnne & Barends Gcargo 42 Chowgule SB 219 Wijnne & Barends Gcargo 42 Chowgule SB 219 Wijnne & Barends Gcargo 42 Chowgule SB 219 Wijnne & Barends Gcargo 42 Chowgule SB 22 Wijnne & Barends Gcargo 42 Chowgule SB 22 Wijnne & Barends Gcargo 42 Lotos Shipyard Mio Anship LLC Hvy L/Crane COSCO Qidong 219 GeoSea N.V. L.N.G 89 Daewoo (DSME) 219 Unknown L.N.G. 89 Daewoo (DSME) 219 Unknown L.N.G. 89 Daewoo (DSME) 219 Unknown Option L.N.G. 89 Daewoo (DSME) 219 Unknown Option MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff Open Hatch 63 Jiangsu New YZJ Mio Pan Ocean Open Hatch 63 Jiangsu New YZJ Mio Pan Ocean Open Hatch 63 Jiangsu New YZJ Mio Pan Ocean Open Hatch 63 Jiangsu New YZJ Mio Pan Ocean Open Hatch 63 Jiangsu New YZJ Mio Pan Ocean Pass/Car Cat Triyards Vungtau 218 Pentland Ferries Pass/Car F. Gryfia Shipyd. 219 Polish Baltic Shpg. Pass/Cat Triyards Vungtau 218 Unknown Products 76 CSSC Offshore Marine 218 CSSC Shipping (HK) Products 76 CSSC Offshore Marine 219 CSSC Shipping (HK) Tanker 114 Hyundai Samho HI 218 Sovcomflot JSC Tanker 114 Hyundai Samho HI 218 Sovcomflot JSC Tanker 114 Hyundai Samho HI 218 Sovcomflot JSC Tanker 114 Hyundai Samho HI 219 Sovcomflot JSC Tanker 32 HHIC-PHIL (Subic SY) 219 Cardiff Marine Tanker 32 HHIC-PHIL (Subic SY) 219 Cardiff Marine Tanker 32 HHIC-PHIL (Subic SY) 219 Cardiff Marine Tanker 32 HHIC-PHIL (Subic SY) 219 Cardiff Marine TSH Dredger Shanghai Zhenhua 218 CHEC Dredging Co Ltd TSH Dredger Shanghai Zhenhua 218 CHEC Dredging Co Ltd TSH Dredger 55 Keppel Singmarine 218 Jan De Nul Group TSH Dredger 55 Keppel Singmarine 218 Jan De Nul Group TSH Dredger 55 Keppel Singmarine 218 Jan De Nul Group

13 Million dwt USD/ton USD/ton 13 Demolition Historical Data D E M O L I T I O N M A R K E T Demolition Prices Gen Cargo Tanker India USD 35 /lt Ldt USD 365 /lt Ldt Bangladesh USD 355 /lt Ldt USD 37 /lt Ldt Pakistan USD 355 /lt Ldt USD 37 /lt Ldt China USD 27 /lt Ldt USD 28 /lt Ldt Price Tankers* JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices Price Bulkers* JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices Total Demolition (Dwt) * Bss reported sales

14 USD/ton 14 6 Historical Demolition Prices (India Year's End) TANKERS BULKERS Avg. Trend 1 HISTORICAL DEMOLITION PRICES (*Indian Year s End) CURR. TANK BULK India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS CONT THORSTREAM CONT MSC ANTONIA Green recycling CONT MSC DIDEM CONT MSC CLAUDIA GAS GAS MAGIC Incl abt 7T ROB RORO C-K STAR As is Korea TANK HANDAN STEEL Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK PIRITA BULK SAPAI BULK CSK GRANDEUR As is Spore incl ROB for voy CONT BRILLIANT CONT MERATUS JAVA RORO TOPAZ ACE TANK GRACE PIONEER TANK KRITI AMBER As is Spore TANK SENTINEL I TANK CE-VENTURE As is Spore incl 23T ROB China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK COS INTREPID

15 15 Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK SVETI NIKOLA I As is Colombo incl ROB for voy BULK LIWA BULK CHANDI PRASAD CONT HONG LEOPARD Turkey TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK SORMOVSKIY BULK FEDOR VARAKSIN Other TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK THOR HARMONY BULK AQUA FORTUNE CONT COLOMBO As is Pusan CONT BOSUN As is port Said CONT AL ENCORE As is Davao incl ROB for voy CONT ANL WARATAH As is Spore incl ROB and heavy propeller TANK FPSO MARLIM SUL As is Labuan

16 USD/ton USD/ton H I S T O R I C A L B U N K E R P R I C E S Bunkers Cost (38 cst) Rotterdam Fujeirah Houston Average Trend Bunkers Cost (MGO) Rotterdam Fujeirah Houston Average Trend HISTORICAL BUNKER PRICES Rotterdam Fujeirah Houston 38 cst MGO 38 cst MGO 38 cst MGO Mar

17 $/Barrel USD-EUR USD-JPY 17 M A R K E T I N D I C A T O R S Currencies USD-EUR USD-JPY Brent Oil GBP CAD EUR JPY CHF USD AUD GBP CAD EUR JPY CHF USD AUD * 31/3/217 values

18 18 S T O C K W A T C H NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW Capital Product Partners CPLP Diana Shipping Inc. DSX Dryships Inc. DRYS Dynagas LNG Partners LP DLNG Eagle Bulk Shipping Inc. EGLE Euroseas Ltd. ESEA Freeseas Inc. FREEF Costamare Inc. CMRE Navios Maritime Holdings NM GasLog Ltd. GLOG Paragon Shipping Inc. PRGN Safe Bulkers Inc. SB Star Bulk Carriers Corp. SBLK Stealthgas Inc. GASS TEN Inc. TNP TOP Ships Inc. TOPS Box Ships Inc. TEUFD Diana Containerships Inc. DCIX Danaos Corporation DAC Aegean Marine Petroleum ANW /3/217 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.

ATHENIAN SHIPBROKERS S.A. Sep-6 Jan-7 May-7 Sep-7 Jan-8 May-8 Sep-8 Jan-9 May-9 Sep-9 Jan-1 May-1 Sep-1 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16