WEEKLY SHIPPING MARKET REPORT WEEK 2

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1 Advanced Shipping & Trading S.A 1 st Floor, 168 Vouliagmenis Avenue Glyfada, Greece Contact Details: Tel: snp@advanced-ship.gr chartering@advanced-ship.gr finance@advanced-ship.gr WEEKLY SHIPPING MARKET REPORT WEEK 2 WEEK 2 (9 th January to 15 th January 2016) 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: research@advanced-ship.gr

2 Sale & Purchase Secondhand Sales Bulk Carriers Name Dwt YoB Yard SS Engine Gear Price (mill.) Buyer Megalodon 182, Marine, - B&W - $ 35.5 Red Ivy 180, Imabari, - B&W - $ 35.5 Nord Energy 180, Koyo Mihara, 11/2019 B&W - Swapped With Supramax CMB Maxime Cape Century 172, Nkk, 09/2016 B&W - $ 6.3 Nisshin Trader 172, Nkk, 07/2016 B&W - Low $ 6.0 Singaporea n (Eastern Pacific) Bocimar Turkish (Karadeniz) Koryu 172, Nkk, 08/2018 B&W - $ 6.0 Chinese Canon Trader I 81, Jiangsu, China 03/2018 B&W - $ 13.8 Chilean (Transocea n) Calm Seas 74, Tsuneishi, 09/2018 B&W - $ 2.9 Chinese Gmt Phoenix 56, Zhejiang, China 01/2017 B&W 4 x 30 T $ 7.9 Far East Falcon Trader I 55, Oshima, 11/2016 B&W 4 x 30 T $ 6.4 Capital 55, Secret 55, Sharp 55, World 55, Hyundai, Vietnam Hyundai, Vietnam Hyundai, Vietnam Hyundai, Vietnam 01/2018 B&W 4 x 30 T 01/2018 B&W 4 x 30 T 01/2018 B&W 4 x 30 T 01/2018 B&W 4 x 30 T $ 40.0 (Prelude) (New Times) Celeste 46, Mitsui Tamano, 02/2019 B&W 4 x 30 T $ 3.8 Stove Transport 46, Oshima, 01/2018 B&W 4 x 30 t $ 3.5 Undisclose d

3 Secondhand Sales - Tankers Name Dwt YoB Yard SS Engine Price (mill.) Buyer Famenne 298, Hitachi, 10/2016 B&W $ 38.4 Dht Trader 152, Petrokrepost 105, Alam Bistari 47, Alam Budi 47, Hyundai Heavy, Daewoo, Onomichi, Onomichi, 11/2020 B&W $ 26.5 Indian (Global United) 01/2019 B&W $ 15.0 Middle East 10/2020 B&W $ /2020 B&W $ 13.0 Cielo Di Salerno 36, Stx, 03/2017 B&W $ yrs TC Back to sellers (Sea World Management) Richard Maersk 34, Sichem Contester 19, Guagzhou, China Fukuoka, 07/2016 B&W $ /2017 B&W $ 22.0 Norwegian Secondhand Sales Containers Name Teu YoB Yard SS Engine Gear Price (mill.) Buyer Nordic Philip 1, Sainty, China 05/2020 B&W $ 11.0 Nordic Stani 1, Sainty, China 10/2020 B&W $ 11.0 Norwegian (Seacon) Indicative Values - Bulk Carriers Size Prompt Resale 5 years 10 years 15 years Capesize 35, Panamax - Kamsarmax ,5 5 Supramax - Ultramax ,5 5 Handysize ,5 4 Indicative Values - Tankers Size Prompt Resale 5 years 10 years 15 years VLCC Suezmax Aframax Panamax MR

4 Newbuilding Demolition Newbuilding Orders Bulkers No Type Dwt Yard Delivery Owner Price (mill.) Comments 1 Suezmax 159,000 1 Aframax 115,000 Cic Jiangsu, China Mr 50,800 Dae Sun, Mr 50, Handy 26,300 Hyundai Mipo, Ningbo Xinle, China Handy 13,000 YZJ, China LPG 1,500 Miura, 2016 (Marine Management) (Super Eco Tankers) (Central Mare) Vietnamese (Prime Shipping) Norway (Viken Crude) ese (Nippon Gas Line KK) $ 35.0 Option Total 3 On Order Option Total 3 On Order Option Total 12 On Order $ 25.0 Coated Newbuilding Orders - Tankers No Type Dwt Yard Delivery Owner Price (mill.) Comments 2 VLCC DSME, Total 8 On 2017 $ 94.0 (Maran) Order 2 Suezmax Singapore Hyundai, 2017 (Active Shpg) $ option 2 Suezmax Sungdong, Dutch 2017 (Vitol) 2 Aframax Cosco Dalian, China (Chandris) Initially Kamsarmax Order Newbuilding Orders - Containers No Type Teu Yard Delivery Owner Price (mill.) Comments Sub Split, Croatian LNG/HFO 2 2, Panamax Croatia Dual Fuel 2 Handy 1,000 Taizhou, China 2017 Chinese (Nigbo Ocean) +2 option

5 Demolition Sales Vessel Type Built Ldt Dwt Price ($) Country Comments Federal Container , India Incl. ROB King David BC , Bangladesh Cape Canada BC , India Alpha Friendship BC , Bangladesh Silver Master BC , Bangladesh Commodore Container , India SanshuMaru BC , India Drin BC , Seafortune BC , India Hanjin New Orleans BC , Bangladesh Samjohn Light BC , India Consul Poppe BC , India Riruccia BC , Bangladesh Indicative Demolition Prices Country Tanker Prices Bulker Prices India Bangladesh Pakistan China Turkey

6 Dry Bulk Chartering Baltic Indices (Friday Closing Values) Index 2 1 Change (%) BDI ,05 BCI ,27 BPI ,21 BSI ,37 BHSI ,30

7 Key Indicators & Stock Exchange Rates Currency 2 1 Change % EUR / USD ,37 USD / JPY ,53 USD / KRW 1, ,197 1,35 USD / NOK ,57 Bunker Prices Port IFO 380 IFO 180 MGO Piraeus Fujairah Singapore Rotterdam Houston Commodities Commodity 2 1 Change % Brent Crude (BZ) ,73 Natural Gas (NG) ,98 Copper ,56 Wheat (W) ,46

8 Shipping Stock Prices Dry Bulk Company Stock Exchange 2 1 Change (%) )Diana Shipping Inc (DSX) NASDAQ ,18 DryshipsInc (DRYS) NASDAQ ,40 Euroseas Ltd (ESEA) NASDAQ ,33 Eagle Bulk Shipping Inc (EGLE) NASDAQ ,58 FreeseasInc (FREESE) NASDAQ ,33 Navios Maritime (NM) NYSE ,61 Navios Maritime PTN (NMM) NYSE ,84 Paragon Shipping Inc (PRGN) NASDAQ ,12 Star Bulk Carriers Corp (SBLK) NASDAQ ,26 Seanergy Maritime Holdings Corp (SHIP) NASDAQ ,60 Safe Bulkers Inc (SB) NYSE ,19 Golden Ocean (GOGL) NASDAQ ,17 Shipping Stock Prices - Wet Company Stock Exchange 2 1 Change % Capital Product Partners LP (CPLP) NASDAQ ,12 TOP Ships Inc (TOPS) NASDAQ ,67 Tsakos Energy Navigation (TNP) NYSE ,44 Shipping Stock Prices - Other Company Aegean Maritime Petrol (ANW) Stock Exchange 2 1 Change (%) NYSE ,42 Danaos Corporation (DAC) NYSE ,39 StealthGasInc (GASS) NASDAQ ,03 Rio Tinto (RIO) NYSE ,14 Vale (VALE) NYSE ,00 ADM Archer Daniels Midland (ADM) NYSE ,65 BHP Billiton (BHP) NYSE ,68

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