Baltic Dry Indices* Greek Listed Companies. Currencies* *The above tables show last Friday's closing including the weekly balance.

Transcription

1 Monday, September 3, Week 4 The Week at a Glance Last month s rally of Baltic Dry Index has eased, showing signs of stabilization in the region of 2, points. Activity remains in reasonable good levels, with buyers of quality modern tonnage, always hungry. Investors are either from the traditional part of shipping, or new companies. An interesting reported deal is the acquisition from Empire Bulkers of five modern handysizes from bankrupt Korean owners TPC in unconfirmed yet details. Furthermore, the sale of the handymax CB Paradise (46,232 dwt, 23 blt, Japan) to the Singapore based Pioneer Maritime led by formerly Dryship s, CFO Mr Pankaj Khanna joint by private equity firm Garison Investement Group. Tanker activity this week remained in low levels in comparison to previously seen higher volumes especially in the Aframax sector. On the contrary demolition market is becoming stronger for the India-subcontinent mainly driven by the strengthening of Indian Rupee. Remains to be seen if it is going to stabilize and create more confidence. Chinese demo activity is slowing due to the upcoming Chinese holidays. Done but failed true or false: The bulk carrier Voge felix (24279 dwt, 1997 blt, Japan) was reported sold last week, but due to buyers failure to lodge the deposit, the vessel is available for sale again. On the other hand, the handymax Ayse Aksoy (45694 dwt, 1995 blt, Japan) even though failed last week, has been finally sold to Bangladesh based buyers at USD 7,45 Million. Greek Listed Companies Last Fridays Closing Weekly Difference NYSE 9684,16-85,57 NASDAQ 3781,59 6,86 Dry Ships 3,64,15 Navios 7,21,1 Excel,331,6 Baltic Dry Indices* Last Fridays Closing Weekly Difference Baltic Dry Index Baltic Cape index Baltic Panamax Index Baltic Supramax Index Baltic HandySize Index Diana 12,21, Top Ships 1,86 -,4 TEN 5,37,6 Stealth Gas 9,26 -,6 Capital Product Partners 8,92,16 Euroseas 1,55 -,15 Danaos 3,93 -,4 Currencies* Last Fridays Closing Weekly Difference EURO/USD 1,35225, USD/JPY 98,235-1,1 USD/CNY 6,1192, *The above tables show last Friday's closing including the weekly balance. Costamare 17,74 -,44 ISO Certified by Germanischer Lloyd Copyright by Allied Shipbroking Inc

2 Secondhand Sales Dry SIZE INDEX W-O-W CHANGE AVG T/C RATES W-O-W CHANGE TREND BDI CAPESIZE STRONGER PANAMAX STRONGER SUPRAMAX STRONGER HANDYSIZE STRONGER Bulk Carrier Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment IKAN TAMBAK JAPAN - 3 X 3,5t CRANES MAN-B&W 9.3. USD SOLD TO GREEK BUYERS BENETE BAY JAPAN - 4 X 3,5t CRANES MAN-B&W 17.. USD MARITIME SIRINANT NEW SAILING STAR JAPAN - 4 X 3t CRANES Mitsubishi - SOLD TO UNDISCLOSED BUYERS (SS DUE 6/18 - DD DUE 2/16) SOLD TO HONG KONG BASED BUYERS (PACIFIC BASIN) ON PRIVATE TERMS CHINA - 4 X 3t CRANES MAN-B&W USD SOLD TO UNDISCLOSED BUYERS SAMJIN CHINA - 4 X 35t CRANES MAN-B&W - TPC LITTELTON CHINA - 4 X 35t CRANES MAN-B&W - LONGVIEW CHINA - 4 X 35t CRANES MAN-B&W - JUST FITZ ll CHINA - 4 X 35t CRANES MAN-B&W - TPC VANCOUVER CHINA - 4 X 35t CRANES MAN-B&W - SOLD TO GREEK BUYERS ON PRIVATE TERMS (EMPIRE BULKERS) OMIROS JAPAN - 5 X 25t CRANES Sulzer USD SOLD TO UNDISCLOSED BUYERS CHANG HANG JING HAI CHANG HANG MAO HAI CHINA USD CHINA USD AYSE AKSOY JAPAN - 4 X 25t CRANES B&W USD CB PARADISE JAPAN - 4 X 3t CRANES B&W USD SOLD TO CHINESE BUYERS AT AUCTION SOLD TO CHINESE BUYERS AT AUCTION SOLD TO BANGLADESH BASED BUYERS (LAST WEEK S SALE FAILED) SOLD TO SINGAPORE BASED BUYERS (PIONEER MARINE) (SS PASSED) JIMPACIFIC CHINA - - MAN-B&W USD SOLD TO UNDISCLOSED BUYERS CHANG HANG JI HAI CHANG HANG XIANG HAI CHANG HANG AN HAI CHANG HANG KANG HAI CHINA - - MAN-B&W CHINA - - MAN-B&W CHINA - - MAN-B&W CHINA - - MAN-B&W - SOLD EN BLOC TO UNDISCLOSED BUYERS ON PRIVATE TERMS Container Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment LEOPARD POLAND X 4t CRANES Sulzer - SANTA PRISCILLA SCI NHAVA SHEVA General cargo SOUTH KOREA Sulzer SOUTH KOREA Sulzer - Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment LEOPARD ROMANIA - 3 X 25t CRANES MaK - ISHTAR ARGENTINA 8 2 X 3t CRANES Sulzer - SOLD TO TURKISH BUYERS ON PRIVATE TERMS SOLD TO CLIENTS OF "MARITIME OPPORTUNITIES" ON PRIVATE TERMS SOLD TO CLIENTS OF "MARITIME OPPORTUNITIES" ON PRIVATE TERMS SOLD TO TURKISH BUYERS ON PRIVATE TERMS SOLD TO TURKISH BUYERS ON PRIVATE TERMS 2

3 Wet SIZE INDEX W-O-W CHANGE BDTI BCTI SIZE AVG SPOT EARNINGS W-O-W CHANGE AVG T/C RATES BSS 1 YR TREND VLCC $ 1,124 5% 18. STEADY SUEZMAX $ 1,156 76% 16. STEADY AFRAMAX $ 9,369 1% 13. STEADY CLEAN MR $ 12,238 2% 14.5 STEADY Tanker Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment EBRU S (Epoxy Coated, IMO ll) FURE STAR (IMO lll) TURKEY Y Y MAN-B&W 5.. USD SOLD TO RUSSIAN BUYERS SINGAPORE Y Y Wartsila 7.9. USD SOLD TO PANAMA BASED BUYERS BUM CHIN JAPAN Y Y MAN-B&W 2.. USD BUM EUN (ST.STEEL, IMO ll) GLOBAL PEACE (ST.STEEL, IMO ll) GLOBAL CHALLENGE (ST.STEEL, IMO ll) MCT ALIOTH (Epoxy Phen, IMO ll) Gas tanker JAPAN Y Y MAN-B&W 2.. USD JAPAN Y Y MAN-B&W USD JAPAN Y Y MAN-B&W USD SOLD EN BLOC WITH "BUM EUN" TO U.S BASED BUYERS - RGN USD 4.. EN BLOC SOLD EN BLOC WITH "BUM CHIN" TO U.S BASED BUYERS - RGN USD 4.. EN BLOC SOLD EN BLOC WITH "GLOBAL CHALLENGE" TO U.S BASED BUYERS - RGN USD EN BLOC SOLD EN BLOC WITH "GLOBAL PEACE" TO U.S BASED BUYERS - RGN USD EN BLOC CROATIA Y Y MAN-B&W 9.. USD SOLD TO UNDISCLOSED BUYERS Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment SYN ALCOR ITALY N Y MaK - SOLD TO GREEK BUYERS (PARADISE GAS CARRIERS) ON PRIVATE TERMS 3

4 B a l t i c D r y I n d i c e s Year BDI Max BDI Avg BDI Min BCI Max BCI Avg BCI Min BPI Max BPI Avg BPI Min BSI Max BSI Avg BSI Min Baltic Dry Index /3/85 1/9/85 1/3/86 1/9/86 1/3/87 1/9/87 1/3/88 1/9/88 1/3/89 1/9/89 1/3/9 1/9/9 1/3/91 1/9/91 1/3/92 1/9/92 1/3/93 1/9/93 1/3/94 1/9/94 1/3/95 1/9/95 1/3/96 1/9/96 1/3/97 1/9/97 1/3/98 1/9/98 1/3/99 1/9/99 1/3/ 1/9/ 1/3/1 1/9/1 1/3/2 1/9/2 1/3/3 1/9/3 1/3/4 1/9/4 1/3/5 1/9/5 1/3/6 1/9/6 1/3/7 1/9/7 1/3/8 1/9/8 1/3/9 1/9/9 1/3/1 1/9/1 1/3/11 1/9/11 1/3/12 1/9/12 1/3/13 1/9/13 1/3/14 Baltic CapeSize Index \6\ 1\9\ 1\12\ 1\3\1 1\6\1 1\9\1 1\12\1 1\3\2 1\6\2 1\9\2 1\12\2 1\3\3 1\6\3 1\9\3 1\12\3 1\3\4 1\6\4 1\9\4 1\12\4 1\3\5 1\6\5 1\9\5 1\12\5 1\3\6 1\6\6 1\9\6 1\12\6 1\3\7 1\6\7 1\9\7 1\12\7 1\3\8 1\6\8 1\9\8 1\12\8 1\3\9 1\6\9 1\9\9 1\12\9 1\3\1 1\6\1 1\9\1 1\12\1 1\3\11 1\6\11 1\9\11 1\12\11 1\3\12 1\6\12 1\9\12 1\12\12 1\3\13 1\6\13 1\9\13 1\12\13 Baltic Panamax Index \6\ 1\9\ 1\12\ 1\3\1 1\6\1 1\9\1 1\12\1 1\3\2 1\6\2 1\9\2 1\12\2 1\3\3 1\6\3 1\9\3 1\12\3 1\3\4 1\6\4 1\9\4 1\12\4 1\3\5 1\6\5 1\9\5 1\12\5 1\3\6 1\6\6 1\9\6 1\12\6 1\3\7 1\6\7 1\9\7 1\12\7 1\3\8 1\6\8 1\9\8 1\12\8 1\3\9 1\6\9 1\9\9 1\12\9 1\3\1 1\6\1 1\9\1 1\12\1 1\3\11 1\6\11 1\9\11 1\12\11 1\3\12 1\6\12 1\9\12 1\12\12 1\3\13 1\6\13 1\9\13 1\12\13 Baltic Supramax - HandySize Index \12\2 1\3\3 1\6\3 1\9\3 1\12\3 1\3\4 1\6\4 1\9\4 1\12\4 1\3\5 1\6\5 1\9\5 1\12\5 1\3\6 1\6\6 1\9\6 1\12\6 1\3\7 1\6\7 1\9\7 1\12\7 1\3\8 1\6\8 1\9\8 1\12\8 1\3\9 1\6\9 1\9\9 1\12\9 1\3\1 1\6\1 1\9\1 1\12\1 1\3\11 1\6\11 1\9\11 1\12\11 1\3\12 1\6\12 1\9\12 1\12\12 1\3\13 1\6\13 1\9\13 1\12\13 4

5 S e c o n d h a n d S a l e s S t a t i s t i c s Current Secondhand Activity per / Size/ Invested Capital During 213 Secondhand Activity per / Size/ Invested Capital...during 212 Size No of DWT Invested Capital No of DWT Invested Capital A. Dry $ A. Dry B. Tanker $ A. Dry Total 1. Minibulk (up to 9, Handy (1, - 39, Handymax (4, - 59, Panamax (6, - 79, Capesize (8, $ $ $ $ $ $ C. Container $ D. Reefer $ E. RoRo Cargo/ Ferry/ Passenger $ F. Miscellaneous $13.. Grand Total $ Bulk Carriers Sales Per during % CAPESIZE 22 % PANAMAX 19 % HANDYMAX 31 % HANDY 16 % MINIBULK B. Tanker 1. Minitank (up to 9, Product (1, - 59, Panamax (6, - 79, Aframax (8, - 119, Suezmax (12, - 199, VLCC (2, - 299, ULCC (3, $ $ $ $ $ $ $ Tankers Sales Per during % ULCC 5 % VLCC 5 % SUEZMAX 1 % AFRAMAX 6 % PANAMAX 46 % PRODUCT 25 % MINITANK B. Tanker total $ C. Container Total $ D. Reefer Total $8.. E. RoRo Cargo/ Ferry/ Passenger Total $99.3. F. Miscellaneou s Total $ Grand Total $

6 Invested Capital in Secondhand per month as of January 212 Year Month Invested Capital Total Total April-212 $ May-212 $ June-212 $ July-212 $ January-212 $ February- 212 $ March-212 $ August-212 $ September- 212 $ October-212 $ November- 212 $ December- 212 $ $ April-213 $ May-213 $ June-213 $ July-213 $ January-213 $ February- 213 $ March-213 $ August-213 $ September- 213 $ $ Dry - Buyers' Nationality 21 % OTHER 2 % NORWAY 2 % KOREA SOUTH 3 % HONG KONG CHINA 4 % TURKEY 3 % GERMANY 4 % SINGAPORE 2 % UNITED STATES OF AMERICA 15 % CHINA PEOPLE'S REPUBLIC OF 13 % UNKNOWN 31 % GREECE Wet - Buyers' Nationality 43 % OTHER 2 % NORWAY 3 % KOREA SOUTH 1 % HONG KONG CHINA 2 % TURKEY % GERMANY 4 % SINGAPORE 9 % UNITED STATES OF AMERICA 4 % CHINA PEOPLE'S REPUBLIC OF 8 % UNKNOWN 24 % GREECE Container - Buyers' Nationality 17 % OTHER 4 % NORWAY 3 % KOREA SOUTH 5 % HONG KONG CHINA 4 % TURKEY 15 % GERMANY 5 % SINGAPORE 2 % UNITED STATES OF AMERICA 3 % CHINA PEOPLE'S REPUBLIC OF 17 % UNKNOWN 26 % GREECE Invested Capital Graph - Invested Capital in Secondhand per month as of January /212 Buyer's Country 2/212 3/212 4/212 5/212 6/212 7/212 8/212 Invested Capital Per Month 9/212 1/212 11/212 Months Total Capital 12/212 1/213 2/213 No Of Buyers Nationality during Top 1 (No of vessels per sector) A. Dry B. Tanker C. Container 3/213 4/213 5/213 6/213 D. Reefer 7/213 8/213 9/ No of Vesels Grand Total GREECE UNKNOWN CHINA, PEOPLE'S REPUBLIC OF UNITED STATES OF AMERICA SINGAPORE GERMANY TURKEY HONG KONG, CHINA KOREA, SOUTH NORWAY Other Grand Total Buyer's Country Buyers Nationality during Top 1 (Invested Capital per sector) A. Dry B. Tanker C. Container D. Reefer Grand Total GREECE UNITED STATES OF AMERICA CHINA, PEOPLE'S REPUBLIC OF UNKNOWN SINGAPORE NORWAY HONG KONG, CHINA MONACO KOREA, SOUTH Other Grand Total

7 New Building Bulk Carrier Orders Type Units Dwt Shipyard Reported Price Owner / Manager Delivery Date BC 4 34,9 NAMURA - WISDOM 216 BC 1 35, JINLING - ARISTON NAVIGATION 215 BC , DAYANG USD 26.. GRIEG 216 BC 4 63,5 CHENGXI - WAH KWONG SHPG. 216 BC 2 15, CIC (JIANGSU) - FUJIAN SHIPPING 215/216 Other Dry Orders Type Units Dwt / Units Shipyard Reported Price Owner / Manager Delivery Date PSV 2 3,5 DWT DAYANG - UNKNOWN 215 CEMENT 1 2, DWT SHANHAIGUAN - ASSOC.BULK.CARRS. 214 Tanker Orders Type Units Dwt Shipyard Reported Price Owner / Manager Delivery Date PRODUCTS 4 5, SUNGDONG USD BREAKWATER CAPITAL 215/216 TANKER , SUNGDONG USD A.P. MOLLER 215 TANKER , SUNGDONG USD U.K BASED BUYERS 215/216 TANKER 2 114, DAEWOO USD 51.. CHANDRIS 215 Other Wet Orders Type Units Dwt / Units Shipyard Reported Price Owner / Manager Delivery Date ETHY/L.P.G 3 18, DWT / 22, SINOPACIFIC OFFSHORE - ELETSON CORP 215 New Building Prices Tanker Newbuilding Prices BC Newbuilding Prices Korea China Korea China VLCC 32, USD 91.. USD 85.. SUEZMAX 157, USD 56.. USD 54.. AFRAMAX 113, USD 47.. USD 43.. "MR" TANKER 5, USD USD 32.. CAPESIZE 18, N/A* USD KAMSARMAX 82, N/A* USD ULTRAMAX 62, N/A* USD HANDYSIZE 35, N/A* USD 22.. * Note: Due to the Present New Building cost, Korean Shipyards are unwilling to quote. 7

8 Demolition Sales Type Vessel's Name DWT Built Country LDT Price/ ldt Sale's Comment OFFSHORE/TUG UNICORN NETHERLANDS SOLD TO INDIA ON PRIVATE TERMS GEN. CARGO ANGLIA GERMANY 17 - RO-RO/PASS OSTEND SPIRIT GERMANY SOLD TO TURKEY ON PRIVATE TERMS RO-RO CARGO SULPICIO EXPRESS UNO JAPAN SOLD TO INDIA ON PRIVATE TERMS GEN. CARGO TK VENICE JAPAN - - GEN. CARGO TK VALLETTA JAPAN - - GEN. CARGO AN SHUN JIANG CHINA - - GEN. CARGO FU KANG SHAN CHINA - - BC NAVIGATOR M JAPAN SOLD TO INDIA BC UCO XXX JAPAN SOLD TO UNDISCLOSED BREAKERS ON "AS IS" BAHRAIN BASIS BC MINELKAR POLAND SOLD TO BANGLADESH BC TONG SHAN HAI JAPAN BC PELAGOS JAPAN BC QING PING HAI JAPAN TANKER ITAJUBA BRAZIL BC SHOU CHANG HAI JAPAN - - SOLD TO UNDISCLOSED BREAKERS ON "AS IS" BRAZIL BASIS 8

9 Demolition Statistics For 213 Current Demolition Activity per / Size A. Dry Size No Of DWT No Of DWT 1. Minibulk (up to 9, Handy (1, - 39, Handymax (4, - 59, Panamax (6, - 79, Capesize (8, A. Dry Total B. Tanker 1. Minitank (up to 9, Product (1, - 59, Panamax (6, - 79, Aframax (8, - 119, Suezmax (12, - 199, VLCC (2, - 299, ULCC (3, B. Tanker Total C. Container Total D. Reefer Total E. RoRo Cargo/ Ferry/ Passenger Total F. Miscellaneous Total Grand Total Please Note that dry trading combination carriers are included in the dry sector and wet trading ones in the tanker sector. 9

10 Country Demolition Activity by Country No of DWT No of DWT BANGLADESH CHINA, PEOPLE'S REPUBLIC OF INDIA OTHERS PAKISTAN TURKEY Grand Total ' Average Age For Demolition A. Dry 28,2 3,7 31,5 B. Tanker 24,6 27,1 26,4 C. Container 23,3 29,6 27 D. Reefer 26,5 26,3 29,3 E. RoRo Cargo/ Ferry/ Passenger 34, ,5 F. Miscellaneous 33, ,7 Demolition Activity By DWT 7.. Demolition Per Month 145 Demolition of BCs by percentage for % Minibulk 46 % Handy 15 % Handymax 17 % Panamax 12 % Capesize dwt no of vessels Demolition of Tankers by percentage for 212 1/212 2/212 3/212 4/212 5/212 6/212 7/212 8/212 9/212 1/212 11/212 12/212 Months Sum of DWT 1/213 2/213 3/213 No of 4/213 5/213 6/213 7/213 8/213 9/ % Minitank 36 % Product 4 % Panamax 23 % Aframax 13 % Suezmax 7 % VLCC 2 % ULCC Year No of Dry Demolition activity since 22 DWT of Dry No of Tankers DWT of Tankers No of DWT

11 Contact Details AERAKIS GEORGE AOH: MOBILE: DASKALAKIS GEORGE AOH: MOBILE: DRAKOGIANNOPOULOS SAKIS AOH: MOBILE: KARADIMAS COSTAS AOH: MOBILE: MOISSOGLOU THEODOROS AOH: MOBILE: BOLIS ILIAS AOH: MOBILE: DRAKOGIANNOPOULOS STAVROS AOH: MOBILE: HATZIGEORGIOU NASSOS AOH: MOBILE: KOSTOYANNIS JOHN AOH: MOBILE: PAPOUIS THASSOS AOH: MOBILE: PROSSIOS TASSOS AOH: MOBILE: STASSINAKIS JOHN AOH: MOBILE: TOBALOGLOU EVAGELOS AOH: MOBILE: TSALPATOUROS COSTIS AOH: MOBILE: VARVAROS PLUTON AOH: MOBILE: ALLIED SHIPBROKING INC. 48, Aigialeias Street, 4 th Floor, Maroussi , Greece Tel: Fax: / 19 snp@allied-shipbroking.gr ALLIED CHARTERING S.A. 48, Aigialeias Street, 4 th Floor, Maroussi , Greece Tel : Fax: drycargo@allied-chartering.gr s: tanker@allied-chartering.gr Visit 11

12 LEGAL DISCLAIMER This report has been produced on information collected from various sources and whilst every care has been taken in its preparation, it is presented for the sole and exclusive information of its recipients, in good faith and without any guarantee from our part. None of the information contained in this report has been independently verified by any member of ALLIED SHIPBROKING INC. Consequently no representation or warranty, express or implied, is made in respect of the accuracy of the information contained herein. Neither our company nor its directors or employees shall be in any way liable for any loss nor damage occurred to any party by the use of the information and/or the comments contained in this report. Furthermore, no responsibility is accepted in respect of any errors or inaccuracies which may be contained in this report. 12