WEEKLY MARKET REPORT Week Ending: 1 st August 2008 (Week 31 Report No: 31/08) (Given in good faith but without guarantee) SUMMARY OF SALES VESSEL TYPE SECOND HAND DEMO LITIO N DEMO LITIO N NEWBUILDINGS TTL SALES in DWT Dry Bulkcarriers 5 0 0 30 35 Tankers * 5 4 144655 10 19 Liners ** 1 4 44062 4 9 Containers 0 2 42294 6 8 Reefers 0 1 10800 0 1 Passenger / Cruise 0 1 3086 0 1 Ro - Ro 0 2 9346 0 2 Combined *** 0 0 0 0 0 Car Carriers 0 0 0 0 0 Special Projects **** 4 1 253301 2 0 TTL VSLS/De mo 15 15 507544 52 75 Key:/ * incl. Crude Oil Clean & Dirty Products LPG LNG Chemical Asphalt and Veg-Oil ** incl. Multi-Purpose and Tweendeckers *** incl. Bulk-Ore Ore-Oil and Bulk-Oil Carriers **** incl. Oil & Drilling Rigs Tugs Livestock Trawlers Cable/Exploration/Navy/Support vsls SECOND HAND TONNAGE SOLD FOR FURTHER TRADING Dry Bulkcarriers US$/Dwt BLYSTAD RESALE LA JOLLA 72126 DWT DELY 11/2009 SKR SOLD FOR ABT US $ 87 MIL TO UNDISCLOSED BYRS 1206.22 72126 DWT BLT 97 JPN 7 HO HA B&W 11830 BHP SOLD FOR ABT US $67 MIL TO CHINESE BYRS BASIS A FORWARD DELY 1ST QUARTER 2009 928.93 NAVISION TRADER 28452 DWT BLT 91 JPN 5 HO HA CR 4 x 30 T B&W 7800 BHP SOLD FOR AN UNDISCLOSED PRICE TO GREEK BYRS N/A KRYMCHAKHLAR SEA GRACE 26814 DWT BLT 80 JPN 5 HO HA DE 5 x 15 T SULZER 9900 BHP SOLD FOR ABT US $9 MIL 335.65 18320 DWT BLT 00 JPN 4 HO HA CR 3 x 30 T B&W 6774 BHP SOLD FOR ABT US $34 MIL 1855.90 Tankers HELLENIC STAR AKADEMIK VERESHCHAGIN TAVILAND (CHEMICAL) KIHULAND (CHEMICAL) 29999 DWT BLT 88 JPN SH 15 TNKS COATED - COILED OIL CAP. 44899 CBM B&W 8552 BHP SOLD FOR ABT US $935 MIL 311.68 28610 DWT BLT 89 USR DH 14 TNKS COATED - COILED OIL CAP. 30561 CBM B&W 8700 BHP SOLD FOR ABT US $131 MIL TO UNDISCLOSED BYRS 457.88 22717 DWT BLT 85 FIN DB 18 TNKS COATED - COILED OIL CAP. 25518 CBM PIELSTICK 9911 BHP 22717 DWT BLT 84 FIN DB 18 TNKS COATED - COILED OIL CAP. 25518 CBM PIELSTICK 9911 BHP SOLD ENBLOC FOR AN UNDISCLOSED PRICE TO UNDISCLOSED BYRS N/A E.R.ELBE (CHEMICAL) 13000 DWT BLT 08 KRS DH MAN-B&W 5710 BHP SOLD FOR ABT US $27 MIL TO UNDISCLOSED BYRS 2076.92
Liners DIMITRIS P 6470 DWT BLT 83 JPN 2 HO HA DE 4 x 15 T B&W 4560 BHP SOLD FOR ABT US $47 MIL TO UNDISCLOSED BYRS 726.43 Special Projects NORTH CRUSADE (AHTS) NICO SHINDAGHA (AHTS) GRAMPIAN SUPPORTER (STANDBY) SEABULK HAWK (AHTS) 1965 DWT BLT 1984 NOR 11130 BHP 2 THRUSTERS 1168 DWT BLT 1975 SCOTLAND 5750 BHP 1 THRUSTER 1942 DWT BLT 1976 NTHR 3200 BHP 1 THRUSTER 1072 DWT BLT 1975 GER 8000 BHP 1 THRUSTER NEW BUILDING VESSELS ORDERED Bulk carriers 90000 DWT 2 UNITS ORDERED BY GREEK OWNER (GR) AT HUDONG ZHONGHUA (PRC) PRICE UNDISCLOSED DELY 3/2012 6/2012 57000 DWT 20 UNITS ORDERED BY SEA FORTUNE SHPG. (PRC) AT JIUJIANG YINXING (PRC) PRICE USD $ 45 MIL EACH DELY 12/2009 2010 2011 34000 DWT 4 UNITS ORDERED BY MPC MUNCHMEYER (GER) AT SEKO HEAVY INDUSTRIES (SKR) PRICE USD $ 37 MIL EACH DELY 2010 (MPC HAS CHARTERED FIRST TWO VESSELS TO HYUNDAI MERCHANT MARINE OVER FIVE YEARS AND HAS ALSO FIXED LATER TWO. OPTION RETAINED FOR TWO MORE SHIPS) 33000 DWT 4 UNITS ORDERED BY SAMSUN LOGIX CORP. (SKR) AT HONGAN SHIPYARD (PRC) PRICE USD $ 33 MIL EACH DELY 12/2009 2010 (CONTRACT WAS PLACED END 2007. SHIPYARD IS LOCATED IN TIANJIN. FIRST NEWBUILDINGS BY THIS OWNER IN WHAT APPEARS TO BE YET ANOTHER NEW SHIPYARD) Tankers 320000 DWT 1 UNIT ORDERED BY EUROPEAN OWNER (EUR) AT STX SHIPBUILDING (SKR) PRICE USD $ 153 MIL EACH DELY 10/2011 320000 DWT 2 UNITS ORDERED BY SAUDI MARITIME CO. (SAUDI ARABIA) AT HYUNDAI (SKR) PRICE USD $ 160 MIL EACH DELY 6/2011 7/2011 159000 DWT 1 UNIT ORDERED BY EURONAV NV (BLG) AT SAMSUNG (SKR) PRICE UNDISCLOSED DELY 2/2012 (FOUR NOW ORDERED) 158000 DWT 2 UNITS ORDERED BY GREAT EASTERN SHPG (IND) AT HYUNDAI (SKR) PRICE UNDISCLOSED DELY 8/2011 10/2011 150700 DWT 1 UNIT ORDERED BY GUNGEN DENIZCILIK (TUR) AT HYUNDAI (SKR) PRICE UNDISCLOSED DELY 12/2011 11000 DWT (CHEMICAL CARRIER) 2 UNITS ORDERED BY SWISS OWNER (SWITZ) AT CHONGQING DONGFENG (PRC) PRICE UNDISCLOSED DELY 2010 10000 DWT (PRODUCT CARRIER) 1 UNIT ORDERED BY GLOBAL CARRIERS (MALAYSIA) AT NINGBO XINLE (PRC) PRICE USD 195 MIL DELY 2010 Liners 11500 DWT 4 UNITS ORDERED BY PHOENIX REEDEREI (GER) AT RAJAPUR SHIPYARD (IND) PRICE USD $ 25 MIL EACH DELY 2010 (OPTION TWO MORE) Containers 6900 DWT 6 UNITS ORDERED BY VYBORG SHIPPING CO. (RUS) AT ULJANIK (CRT) PRICE UNDISCLOSED DELY 10/2011 12/2011 2/2012 4/2012 6/2012 10/2012 (428 TEU) Special Projects 5000 DWT (ANCHOR - HANDLING) 2 UNITS ORDERED BY GREATSHIP (INDIA) LTD. (IND) AT DRYDOCKS WORLD SINGAPORE (SPORE) PRICE UNDISCLOSED DELY 1/2011 3/2011 (150T POLLARD PULL.DP2)
DEMOLITION FSO VEGA OIL TNK "OCEAN ENTERPRISE" CONT "PROVIDER" TNK "OIL AMBASSADOR" TNK "STAR X" LINER "JIN RUN" LINER "NOOR" CONT "KOTA MULIA" REEFER "MORILLO" TNK "OCEAN TREASURE" LINER "VICTORIA 500" RO-RO "WINCO SILVIA" RO-RO "WINCO ELISE" LINER "GUHI MAS" FERRY "POSEIDON" 253301 DWT BLT 72 ITL $/LDT 400 TURKEY AS-IS ITALY 96920 DWT BLT 79 JPN LDT 15972 $/LDT 735 BANGLADESH AS-IS SPORE 31227 DWT BLT 78 JPN $/LDT 570 CHINA 21603 DWT BLT 81 JPN LDT 6397 INDIA SOLD ON PRIVATE TERMS 16083 DWT BLT 73 JPN LDT 4467 SOLD ON PRIVATE TERMS UNDISCLOSED BREAKERS 16000 DWT BLT 72 GFR $/LDT 625 INDIA AS-IS HONG KONG 15912 DWT BLT 82 JPN INDIA SOLD ON PRIVATE TERMS 11067 DWT BLT 78 JPN $/LDT 750 BANGLADESH 10800 DWT BLT 71 NOR LDT 6299 $/LDT 748 INDIA OLD SALE 10049 DWT BLT 71 SPN LDT 3420 INDIA SOLD ON PRIVATE TERMS 8750 DWT BLT 79 RUM LDT 3601 INDIA SOLD ON PRIVATE TERMS 4673 DWT BLT 85 GDR LDT 4282 INDIA SOLD ON PRIVATE TERMS 4673 DWT BLT 85 GDR LDT 4282 INDIA SOLD ON PRIVATE TERMS 3400 DWT BLT 78 SPN LDT 1175 $/LDT 650 BANGLADESH OLD SALE 3086 DWT BLT 70 JPN UNDISCLOSED BREAKERS SOLD ON PRIVATE TERMS
SHIPPING & FINANCIAL NEWS WEEK 31 SHIPPING NEWS INDEX previous FRIDAY MON TUES WED THUR actual change % weekly actual change % change Week 31 week 7/25/08 7/28/08 7/29/08 7/30/08 7/31/08 of the week change since 2/1/08 since 2/1/08 2007 DRY INDICES BDI 8.771 8.637 8.513 8.434 8.388 8.341-430 -490% -550-619% 7.000 Handy 2.643 2.642 2.626 2.602 2.578 2.554-89 -337% -353-1214% 2.367 Supramax 5.225 5.155 5.091 5.024 4.953 4.897-328 -628% -844-1470% 4.713 Panamax 7.969 7.754 7.644 7.527 7.524 7.517-452 -567% -421-530% 7.264 Capesize 13.579 13.417 13.192 13.132 13.077 13.005-574 -423% -218-165% 9.135 BCTI 1.295 1.290 1.287 1.277 1.281 1.305 10 077% 222 2050% 881 BDTI 2.340 2.317 2.290 2.194 2.065 1.965-375 -1603% 51 266% 949 DOW JONES New York S+P 500 NASDAQ U.S.A. (100) NIKKEY-225 Tokyo FTSE-100 London XETRA DAX Frankfurt CAC-40 Paris HANG SENG Hong Kong KOSPI Seoul ATHENS GENERAL FINANCIAL NEWS previous FRIDAY MON TUES WED THUR week 7/25/08 7/28/08 7/29/08 7/30/08 7/31/08 for the week % change 11.34930 11.37070 11.13110 11.39760 11.58370 11.37800 2870 025% 1.25254 1.25776 1.23437 1.26320 1.28426 1.26738 1484 118% 1.81698 1.86455 1.80299 1.84555 1.85280 1.84915 3217 177% 13.60330 13.33480 13.35380 13.15950 13.36780 13.37680-22650 -167% 5.36230 5.35260 5.31260 5.31920 5.42070 5.41190 4960 092% 6.44070 6.43671 6.35115 6.39880 6.46012 6.47956 3886 060% 4.34799 4.37718 4.32445 4.32049 4.40055 4.39236 4437 102% 23.08770 22.74070 22.68720 22.25800 22.69060 22.73110-35660 -154% 1.62614 1.59793 1.59829 1.56720 1.57770 1.59467-3147 -194% 3.51280 3.40238 3.41015 3.37004 3.39663 3.39464-11816 -336% STOCK EXCHANGE EXCHANGE Y/$ $/GBP INR/$ $/Euro FOREIGN EXCHANGE RATES previous FRIDAY MON TUES WED THUR week 7/25/08 7/28/08 7/29/08 7/30/08 7/31/08 for the week % change 10736 10785 10744 1081 1081 10782 046 043% 19862 19905 1994 19794 19817 19835 000-014% 4208 4215 4252 4256 4227 4247 039 093% 15675 15709 15745 15588 15576 15600-001 -048% CURRENCY Japanese Yen Pound Sterling Indian Ruppea Euro EXCHANGE $ / troy oz $ / US Bbl COMMODITIES EXCHANGE RATES previous FRIDAY MON TUES WED THUR week 7/25/08 7/28/08 7/29/08 7/30/08 7/31/08 for the week % change 92650 9287 9303 91685 90545 91285-1365 -147% 12644 12656 12440 12612 12259 12690 046 036% COMMODITY GOLD IPE BRENT
DRY CARGO CHARTER MARKET MOVEMENTS JULY 2008 9450 9350 9250 9150 9050 8950 8850 8750 8650 8550 8450 8350 8250 2740 2720 1 BDI BHSI 3 2700 2680 2660 2640 2620 2600 2580 2560 2540 1 3
BSI 5900 5800 5700 5600 5500 5400 5300 5200 5100 5000 4900 4800 1 3 9600 9450 9300 9150 9000 8850 8700 8550 8400 8250 8100 7950 7800 7650 7500 7350 13700 13600 13500 13400 13300 13200 13100 13000 12900 12800 12700 12600 12500 12400 BPI 1 3 BCI 1 3