Monday, January 25, 21 - Week 4 The Week at a Glance Baltic Dry Indices* Last Fridays Closing Weekly Difference A Book s cover We thought of being a little philosophical this week! Well, it s an old saying but our communities have long forgotten about it. Why we keep on judging all things from what it looks and seems? Same takes place in most of our transactions as well. We are manipulated by the press and the ones owning the media rule the psychology of the mass. This explains the over-exposure of Greece s adverse economic outlook, though many countries worldwide and even many so called developed and industrial countries have proven worst economic data to show. We have even believed some evaluation houses ranking Lehmann Brothers stock into BUY just 2 days before it collapses. Consequently, the so called $1.. question is: Who to trust? I am afraid there is no simple answer to that and the only rational criteria on which someone has to rely on is only his pocket. Done but Failed True or False: The reported sale of the 1991 built RORO LEADER for demolition last week was not correct as the vessel is still trading regularly. Greek Listed Companies Last Fridays Closing Weekly Difference NYSE 73,61-326,18 Baltic Dry Index 324-95 Baltic Cape index 4161-214 Baltic Panamax Index 3661-84 Baltic Supramax Index Baltic HandySize Index 2449-86 121 1 Newbuilding Prices 1/2 9 11/29 12/29 1/21 VLCC 3, N/A $15 $15 $15 SUEZMAX 15, AFRAMAX 113, PANAMAX 72, MR 51, CAPESIZE 175, KAMSARMAX 81, SUPRAMAX XS 5, HANDYSIZE 28, N/A $6 $6 $6 N/A $5 $5 $5 N/A $42 $42 $42 N/A $35 $35 $35 N/A $58 $58 $55 N/A $35 $35 $35 N/A $31 $31 $31 N/A $26 $26 $26 NASDAQ 225,29-82,7 Brent Prices Dry Ships 5,83 -,45 Genmar 7,83 -,22 Excel (merged with Quintana) 6,25 -,85 Diana 14,45-1,64 Top Ships 1,11 -,6 TEN 17,5 -,44 Currencies* Last Fridays Closing Weekly Difference Stealth Gas 6,1 -,2 Capital Product Partners 9,43 -,25 EURO/USD 1,4139 -,2 USD/JPY 89,93 -,87 USD/CNY 6,8271, Euroseas 4,22 -,9 Danaos 4,77 -,8 *The above tables show last Friday's closing including the weekly balance. ISO Certified by Germanischer Lloyd Copyright by Allied Shipbroking Inc
Secondhand Sales Dry Comments Capes retracted severely on last Monday and Tuesday and even if all routes increased during the rest of the week the finishing line was on the negative side. The Pacific market reversed totally with the Pacific RV at -18.21%. T/C Average at US$ 4,37. In general, the Panamaxes followed once more the Capes' trend although with minor ups and downs. It seems that Panamaxes are on hold, waiting for further developments in the market of their more voluminous sisters. T/C Average at US$ 29,417. Supramaxes softened at average -3.51% with all numbers going 1 working days back. Many Supramaxes appear on stream which were well expected but soon enough we will see the results. T/C Average at US$ 25,63. For one more week Handies remain solid with all routes and basins stable. T/C Average at US$ 17,613. Interest in period fixtures was tailed off due to the high fluctuations observed minimizing the trust of the market to the positive trend line, the pre-holidays period for the Chinese New Year as well as the numerous fixtures of the recent weeks. In the sale and purchase front a full dish menu has been presented last week; In the handies, the mid 9s built MIRA R has been sold for USD 14,5 million most probably to Koreans. In more modern tonnage, the 22 built PRIMROSE has been sold to Chinese buyers for excess USD 2, million. The 1986 built handymax ZAMRUD after having failed a couple of weeks ago for USD 8,3 million, she has now been confirmed sold for USD 8,6 million this time to Middle Eastern based buyers. Another confirmed deal was the 1998 built handymax AOLUCKY sold for a very firm price of USD 2,5 million though we understand that she was inspected extremely well. The Chinese built supramax VICTORIA III has been reported sold to Italian buyers for a price of USD 28,5 million. Panamax speaking, it seems that 1 year old units should cost around region 28, million. Such levels are backed by the sales of the 1999 built DARYA RADHE and AEOLIAN SPIRIT. In the capes, the 25 built CAPE PIONEER has been reported sold to Greek buyers for USD 54, million. Bulk Carrier Vessel's Name Built Country TEU Gears Engine Price Sale's Comment NATCHA NAREE 23593 1984 JAPAN 4 X 25,4t CRANES Mitsubishi 4.8. USD SOLD TO FAR EASTERN BUYERS NAYANA NAREE 23846 1985 JAPAN 3 X 25t CRANES Mitsubishi 4.5. USD SOLD TO CHINESE BUYERS MIRA R 26435 1995 JAPAN 4 X 3t CRANES Mitsubishi 14.5. USD SOLD TO SOUTH KOREAN BUYERS PRIMROSE 29738 22 JAPAN 4 X 3t CRANES B&W 2.5. USD SOLD TO CHINESE BUYERS ZAMRUD 41824 1986 KOREA, SOUTH 836 4 X 25t CRANES B&W 8.6. USD SOLD TO MIDDLE EAST BUYERS AOLUCKY 4728 1998 JAPAN 4 X 3t CRANES Mitsubishi 2.5. USD SOLD TO GREEK BUYERS VICTORIA III 55 21 CHINA, PEOPLE'S MAN-B&W 28.5. USD SOLD TO ITALIAN BUYERS M. FARUK 63494 1984 JAPAN Mitsubishi 7.75. USD SOLD TO CHINESE BUYERS SILVERGATE 68158 1987 JAPAN B&W 11.5. USD SOLD TO SOUTH KOREAN BUYERS DARYA RADHE 7375 1999 JAPAN Sulzer 27.. USD SOLD TO U.S.A BASED BUYERS AEOLIAN SPIRIT 73739 1999 JAPAN Sulzer 28.. USD SOLD TO UNDISCLOSED BUYERS CAPE PIONEER 1712 25 KOREA, SOUTH B&W 54.. USD SOLD TO GREEK BUYERS STAR BETA 174691 1993 POLAND Sulzer 22.. USD SOLD TO CHINESE BUYERS Container Vessel's Name Built Country TEU Gears Engine Price Sale's Comment SHANGHAI BRIDGE CMA CGM KESSEL General cargo 67164 22 JAPAN 5896 Sulzer 22.. USD SOLD TO UNDISCLOSED BUYERS 834 29 KOREA, SOUTH 65 MAN-B&W 45.. USD SOLD TO GREEK BUYERS (DRYSHIPS) Vessel's Name Built Country TEU Gears Engine Price Sale's Comment ELEGANCE 4665 1991 GERMANY 372 MaK - Reefer Vessel's Name Built Country TEU Gears Engine Price Sale's Comment ALTARA CARRIER SOLD TO INDONESIAN BUYERS ON PRIVATE TERMS 644 1982 JAPAN 8 X 5t DERRICKS B&W 1.2. USD SOLD TO UNDISCLOSED BUYERS 2
Wet Comments In the VLCC sector, there was an ease of activity with little fresh enquiry that helped charterers push rates downwards. Rates for MEG/ East were reported at WS 117.5, however, tonnage lists are rather tight giving good possibilities for rates to recover. Despite the very firm previous weeks, the Suezmax market witnessed a downward correction in rates, while the tonnage available keeps piling up. Waf/ Usac route has dropped to WS 125 levels from WS 175 previously achieved. On the other hand routes ex Black Sea seem to resist as tonnage lists are tight and there is still a good number of requirements. Activity has been rather slow for Aframaxes in the Med and in combination with the accumulated tonnage lists rates dropped at WS 11 levels. The North Sea and Baltic have been firmer with freight levels reaching at wws 165 and WS 1 respectively. In the Clean sector, the LRs in the MEG have been rather steady with LR2s firming by a few points. Freight levels for the MEG/ Japan route were reported at WS 14 for LR2 and at WS 155 for LR1s. MRs have remained rather quiet while earnings have remained steady in most of the markets. It was a rather MR week in the sales as Norden is reported being the buyer of the three Gan sisters, namely GAN-SHIELD, GAN-SPIRIT and GAN-SABRE for USD 79, million en bloc. In the Suezmaxes, Centrofin in Greece is said to having paid region USD 15, million for the 1994 built AFRICAN RUBY. Tanker Vessel's Name Built Country DB DS Engine Price Sale's Comment GAN-SHIELD 51213 27 KOREA, SOUTH Y Y MAN-B&W 26.. USD GAN-SPIRIT 51213 27 KOREA, SOUTH Y Y MAN-B&W 26.. USD GAN-SABRE 51228 28 KOREA, SOUTH Y Y MAN-B&W 27.. USD SOLD EN BLOC WITH GAN-SABRE AND GAN-SPIRIT TO NORWEGIAN BUYERS (NORDEN) - RGN USD 79.. EN BLOC SOLD EN BLOC WITH GAN-SABRE AND GAN-SHIELD TO NORWEGIAN BUYERS (NORDEN) - RGN USD 79.. EN BLOC SOLD EN BLOC WITH GAN-SHIELD AND GAN-SPIRIT TO NORWEGIAN BUYERS (NORDEN) - RGN USD 79.. EN BLOC DIFKO CHASER 844 199 DENMARK Y Y B&W 6.5. USD SOLD TO GREEK BUYERS (AEGEAN) AFRICAN RUBY 15173 1994 JAPAN Y Y Mitsubishi 15.. USD Gas tanker SOLD TO GREEK BUYERS (CENTROFIN) Vessel's Name Built Country DB DS Engine Price Sale's Comment GAS PIONEER 158 1992 NETHERLANDS Y Y A.B.C. 1.2. USD SOLD TO MALAYSIAN BUYERS GAS ETERNITY 2998 1998 JAPAN N N B&W 7.5. USD GASCHEM BEN FLOR 9129 1985 GERMANY, FEDERAL Y N MAN - SOLD TO CHINESE BUYERS (ZHUHAI CHANG SENG) SOLD TO GREEK BUYERS (BENELUX OVERSEAS) ON PRIVATE TERMS 3
Baltic Dry Indices 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 25 488 3366 1747 681 4593 2319 4956 3124 1488 2129 1868 1391 26 447 3199 233 614 439 2711 4394 342 1841 2989 2265 1442 27 1139 792 4219 16256 997 5943 11713 736 3923 6956 4552 2732 28 11793 6445 663 19687 9444 83 11425 6141 44 6743 49 421 29 4661 2612 772 8243 4142 1361 4453 2413 492 2487 1665 389 21 3299 3188 35 4431 468 3718 4224 3878 3567 2545 2427 2224 Baltic Dry Index 1. 8. 6. 4. 2. 1/1/85 1/7/85 1/1/86 1/7/86 1/1/87 1/7/87 1/1/88 1/7/88 1/1/89 1/7/89 1/1/9 1/7/9 1/1/91 1/7/91 1/1/92 1/7/92 1/1/93 1/7/93 1/1/94 1/7/94 1/1/95 1/7/95 1/1/96 1/7/96 1/1/97 1/7/97 1/1/98 1/7/98 1/1/99 1/7/99 1/1/ 1/7/ 1/1/1 1/7/1 1/1/2 1/7/2 1/1/3 1/7/3 1/1/4 1/7/4 1/1/5 1/7/5 1/1/6 1/7/6 1/1/7 1/7/7 1/1/8 1/7/8 1/1/9 1/7/9 1/1/1 1/7/1 Baltic CapeSize Index 18. 16. 14. 12. 1. 8. 6. 4. 2. 1\6\ 1\8\ 1\1\ 1\12\ 1\2\1 1\4\1 1\6\1 1\8\1 1\1\1 1\12\1 1\2\2 1\4\2 1\6\2 1\8\2 1\1\2 1\12\2 1\2\3 1\4\3 1\6\3 1\8\3 1\1\3 1\12\3 1\2\4 1\4\4 1\6\4 1\8\4 1\1\4 1\12\4 1\2\5 1\4\5 1\6\5 1\8\5 1\1\5 1\12\5 1\2\6 1\4\6 1\6\6 1\8\6 1\1\6 1\12\6 1\2\7 1\4\7 1\6\7 1\8\7 1\1\7 1\12\7 1\2\8 1\4\8 1\6\8 1\8\8 1\1\8 1\12\8 1\2\9 1\4\9 1\6\9 1\8\9 1\1\9 1\12\9 1\2\1 1\4\1 Baltic Panamax Index 1. 8. 6. 4. 2. 1\6\ 1\8\ 1\1\ 1\12\ 1\2\1 1\4\1 1\6\1 1\8\1 1\1\1 1\12\1 1\2\2 1\4\2 1\6\2 1\8\2 1\1\2 1\12\2 1\2\3 1\4\3 1\6\3 1\8\3 1\1\3 1\12\3 1\2\4 1\4\4 1\6\4 1\8\4 1\1\4 1\12\4 1\2\5 1\4\5 1\6\5 1\8\5 1\1\5 1\12\5 1\2\6 1\4\6 1\6\6 1\8\6 1\1\6 1\12\6 1\2\7 1\4\7 1\6\7 1\8\7 1\1\7 1\12\7 1\2\8 1\4\8 1\6\8 1\8\8 1\1\8 1\12\8 1\2\9 1\4\9 1\6\9 1\8\9 1\1\9 1\12\9 1\2\1 1\4\1 Baltic Supramax - HandySize Index 3.5 3. 2.5 2. 1.5 1. 5 7. 6. 5. 4. 3. 2. 1. 1\12\2 1\2\3 1\4\3 1\6\3 1\8\3 1\1\3 1\12\3 1\2\4 1\4\4 1\6\4 1\8\4 1\1\4 1\12\4 1\2\5 1\4\5 1\6\5 1\8\5 1\1\5 1\12\5 1\2\6 1\4\6 1\6\6 1\8\6 1\1\6 1\12\6 1\2\7 1\4\7 1\6\7 1\8\7 1\1\7 1\12\7 1\2\8 1\4\8 1\6\8 1\8\8 1\1\8 1\12\8 1\2\9 1\4\9 1\6\9 1\8\9 1\1\9 1\12\9 1\2\1 1\4\1 4
Secondhand Sales Statistics Current Secondhand Activity per / Size/ Invested Capital During 21 A. Dry A. Dry Total B. Tanker Size 1. Minibulk (up to 9,999 2. Handy (1, - 39,999 3. Handymax (4, - 59,999 4. Panamax (6, - 79,999 5. Capesize (8,+ 1. Minitank (up to 9,999 2. Product (1, - 59,999 3. Panamax (6, - 79,999 4. Aframax (8, - 119,999 5. Suezmax (12, - 199,999 6. VLCC (2, - 299,999 7. ULCC (3,+ Invested Capital 3 21.564 $5.. 19 545.599 $21.3. 9 44.263 $167.25. 9 629.395 $167.65. 6 975.311 $193.. 46 2.612.132 $742.975. 13 8.112 $48.15. 17 682.674 $31.675. 1 7.312 $35.5. 3 298.239 $84.5. 5 759.71 $172.. 1 269.999 $12.. Secondhand Activity per / Size/ Invested Capital...during 28 Invested Capital A. Dry 586 24.53.3 $14.293.735.268 B. Tanker 347 23.189.821 $11.345.19.52 C. Container 17 2.759.895 $2.874.49. D. Reefer 11 83.828 $84.4. E. RoRo Cargo/ Ferry/ Passenger 11 27.811 $621.. F. Miscellaneous 57 716.168 $1.16.925. Grand Total 1.119 5.83.526 $3.235.74.77...during 29 Invested Capital A. Dry 736 34.871.631 $9.286.889.5 B. Tanker 248 17.915.435 $5.175.815. C. Container 92 2.85.91 $685.325. D. Reefer 19 13.725 $18.42. E. RoRo Cargo/ Ferry/ Passenger 11 26.658 $3.19. F. Miscellaneous 61 941.974 $518.36. Grand Total 1.167 55.971.514 $15.84.999.5 Bulk Carriers Sales Per during 21 13 % CAPESIZE 2 % PANAMAX 2 % HANDYMAX 41 % HANDY 7 % MINIBULK B. Tanker total 4 2.161.46 $662.825. C. Container Total 17 348.62 $166.45. D. Reefer Total E. RoRo Cargo/ Ferry/ Passenger Total 1 6.44 $1.2. 1 1.433 $ Tankers Sales Per during 21 % ULCC 3 % VLCC 13 % SUEZMAX 8 % AFRAMAX 3 % PANAMAX 43 % PRODUCT 33 % MINITANK F. Miscellaneou s Total 4 38.24 $72.8. Grand Total 19 5.167.839 $1.646.25. 5
Invested Capital in Secondhand per month as of January 29 Year Month Invested Capital 29 29 Total 21 21 Total April-29 $93.61. May-29 $1.761.417.5 June-29 $2.64.. July-29 $1.376.512. January-29 $1.464.35. February- 29 $887.59. March-29 $894.335. August-29 $1.259.81. September- 29 $1.83.995. October-29 $1.398.31. November- 29 $1.328.89. December- 29 $1.355.18. $15.84.999.5 January-21 $1.646.25. $1.646.25. Invested Capital Graph - Invested Capital in Secondhand per month as of January 29 Invested Capital Per Month 2.1.. 2... 1.9.. 1.8.. 1.7.. 1.6.. 1.5.. 1.4.. 1.3.. 1.2.. 1.1.. 1... 9.. 8.. 7.. 6.. 5.. 4.. 3.. 2.. 1.. 1/29 2/29 3/29 4/29 5/29 6/29 7/29 8/29 9/29 1/29 11/29 12/29 1/21 Months 16 15 14 13 12 11 1 9 8 7 6 5 4 3 2 1 Vesels Dry - Buyers' Nationality Total Capital No Of 22 % OTHER % PAKISTAN % INDIA % GERMANY % SINGAPORE 2 % INDONESIA 11 % KOREA SOUTH % NORWAY 13 % GREECE 3 % CHINA PEOPLE'S Buyers Nationality during 21 - Top 1 ( vessels per sector) Wet - Buyers' Nationality 13 % OTHER 5 % PAKISTAN 5 % INDIA % GERMANY 1 % SINGAPORE 1 % INDONESIA 3 % KOREA SOUTH 2 % NORWAY 1 % GREECE 5 % CHINA PEOPLE'S 2 % UNKNOWN Buyer's Country A. Dry B. Tanker C. Container D. Reefer Grand Total UNKNOWN 1 8 2 1 21 CHINA, PEOPLE'S 14 2 5 21 GREECE 6 4 2 12 NORWAY 8 8 KOREA, SOUTH 5 1 6 INDONESIA 1 4 1 6 SINGAPORE 4 1 5 GERMANY 4 4 INDIA 2 2 PAKISTAN 2 2 Other 1 5 2 17 Grand Total 46 4 17 1 14 Container - Buyers' Nationality 12 % OTHER % PAKISTAN % INDIA 24 % GERMANY 6 % SINGAPORE 6 % INDONESIA % KOREA SOUTH % NORWAY 12 % GREECE 29 % CHINA PEOPLE'S Buyers Nationality during 21 - Top 1 (Invested Capital per sector) Buyer's Country A. Dry B. Tanker C. Container D. Reefer Grand Total UNKNOWN 87.1. 216.3. 24.25. 1.2. 328.85. CHINA, PEOPLE'S 26.5. 31.5. 25.5. 317.5. GREECE 131.9. 28.5. 49.25. 29.65. NORWAY 132.. 132.. KOREA, SOUTH 86.8. 2.. 88.8. PAKISTAN 78.. 78.. SINGAPORE 7.. 6.6. 76.6. TUNISIA GERMANY 53.. 53.. Other 176.675. 17.125. 2.8. 196.6. Grand Total 742.975. 662.825. 166.45. 1.2. 1.573.45. 6
Demolition Sales Type Vessel's Name Built Country LDT Price/ ldt Sale's Comment GENERAL CARGO TUG CALEMAX ENTERPRISE WOLRAAD WOLTEMADE 711 1974 255 1976 UNITED KINGDOM UNITED KINGDOM - 35 SOLD TO INDIA 311 - SOLD TO INDIA ON PRIVATE TERMS CONTAINER LADY MAGA 252 197 NETHERLANDS 1254 32 SOLD TO INDIA RO-RO CARGO MELIH K 3297 198 DENMARK 2379 - SOLD TO INDIA ON PRIVATE TERMS REEFER ASHRAF B 3542 1973 SPAIN - - SOLD TO INDIA ON PRIVATE TERMS GENERAL CARGO GENERAL CARGO LADY MARAH 55 198 GERMANY, FEDERAL - 32 SOLD TO INDIA DIMA 3 65 1967 SPAIN 814 - SOLD TO INDIA ON PRIVATE TERMS TANKER RIO GALLEGOS I 12784 1985 JAPAN 3579 242 SOLD TO INDIA ON AS IS URUGUAY BASIS CONTAINER MSC ERMINIA 1452 1979 CONTAINER JAKARTA STAR II 1492 1983 GERMAN DEMOCRATIC REPUBLIC GERMANY, FEDERAL 82 - SOLD TO INDIA ON PRIVATE TERMS 6413 43 SOLD TO INDIA GAS TANKER SURREY 17 1982 DENMARK 82 4 SOLD TO INDIA RO-RO CARGO NILEDUTCH PRODIGY 17773 1985 POLAND 17772 - SOLD TO INDIA ON PRIVATE TERMS GENERAL CARGO GEORGIOS 1 18784 1977 JAPAN 4428 345 SOLD TO INDIA CONTAINER MSC KOPER 2832 1978 JAPAN - - SOLD TO INDIA ON PRIVATE TERMS CONTAINER DELMAS KISSAMA 26287 1982 FRANCE - - SOLD TO INDIA ON PRIVATE TERMS TANKER MERLIN CHAMPION 37658 1983 JAPAN 12182 399 SOLD TO INDIA TANKER BOW MAASSLOT 3839 1982 NETHERLANDS 1843 417 SOLD TO INDIA BC ST. PETER 3895 1982 BULGARIA 1135 345 SOLD TO INDIA TANKER MERLIN EXPLORER 38234 1982 KOREA, SOUTH 9962 37 SOLD TO INDIA CONTAINER OOCL FORTUNE 44433 1987 JAPAN 14746 - SOLD TO CHINA ON PRIVATE TERMS TANKER DEVSI 9476 1985 KOREA, SOUTH 15989 365 SOLD TO BANGLADESH ON AS IS INDIA BASIS BC KYLA 13486 1982 JAPAN 1814 25 SOLD TO INDIA ON AS IS BRAZIL BASIS 7
Demolition Statistics For 21 Current Demolition Activity per / Size A. Dry 29 21 Size No Of No Of 1. Minibulk (up to 9,999 2. Handy (1, - 39,999 3. Handymax (4, - 59,999 4. Panamax (6, - 79,999 5. Capesize (8,+ 49 326.67 1 58.71 289 6.911.297 1 238.52 21 1.29.445 1 48.891 37 2.557.556 1 72.746 9 1.527.368 1 134.86 A. Dry Total 45 12.351.733 23 553.34 B. Tanker 1. Minitank (up to 9,999 2. Product (1, - 59,999 3. Panamax (6, - 79,999 4. Aframax (8, - 119,999 5. Suezmax (12, - 199,999 6. VLCC (2, - 299,999 7. ULCC (3,+ 23 113.925 2 18.92 93 2.979.399 15 497.978 1 663.265 2 128.469 17 1.628.564 2 189.713 8 1.279.391 1 151.83 11 2.896.525 1 25.192 B. Tanker Total 162 9.561.69 23 1.236.247 C. Container Total 172 5..46 11 24.933 D. Reefer Total 34 346.276 2 19.13 E. RoRo Cargo/ Ferry/ Passenger Total 4 2.721 F. Miscellaneous Total 117 1.87.138 9 7.357 Grand Total 894 29.15.343 68 2.119.71 Please Note that dry trading combination carriers are included in the dry sector and wet trading ones in the tanker sector. 8
Country Demolition Activity by Country 29 21 BANGLADESH 181 1.18.214 1 87.854 BELGIUM 1 33.257 CHINA, PEOPLE'S 112 3.995.337 9 221.922 FAR EAST 1 2.79 INDIA 392 9.34.891 48 1.5.224 INDONESIA 1 127.3 KOREA, SOUTH 1 8.45 PAKISTAN 78 2.751.893 ' Average Age For Demolition 29 28 27 26 A. Dry 3,6 3,4 34,3 31,1 B. Tanker 26,4 28,9 29,4 29,1 C. Container 26,7 28,9 3,6 28,8 D. Reefer 28,9 3,3 33,1 29 E. RoRo Cargo/ Ferry/ Passenger F. Miscellaneous 49,8 46,7 34 42,9 28,8 33,1 33,1 31,8 SINGAPORE 1 47.559 TURKEY 1 64.629 U.A.E. (DUBAI) 1 22.94 UNKNOWN 115 2.63.532 1 39.71 Grand Total 894 29.15.343 68 2.119.71 Demolition Activity By Demolition Per Month 3.8. 3.6. 3.4. 125 12 115 11 Demolition of BCs by percentage for 29 3.2. 15 3.. 2.8. 1 95 9 12 % Minibulk 71 % Handy 5 % Handymax 9 % Panamax 2 % Capesize 2.6. 85 2.4. 8 dwt 2.2. 2.. 1.8. 1.6. 1.4. 75 7 65 6 55 5 45 no of vessels 1.2. 4 1.. 8. 35 3 25 6. 2 4. 2. 15 1 5 1/29 2/29 3/29 4/29 5/29 6/29 7/29 8/29 9/29 1/29 11/29 12/29 1/21 Demolition of Tankers by percentage for 29 Months Sum of 14 % Minitank 57 % Product 6 % Panamax 1 % Aframax 5 % Suezmax 7 % VLCC % ULCC Year Dry Demolition activity since 1996 of Dry Tankers of Tankers 1996 284 11.665.29 68 5.752.48 423 18.231.627 1997 328 9.87.723 52 3.773.297 423 14.213.319 1998 471 16.134.396 62 7.311.49 629 25.187.546 1999 385 12.295.819 123 16.327.927 618 3.111.718 2 281 7.362.791 148 13.48.779 488 21.634.323 21 417 11.758.234 136 15.439.165 645 28.139.35 22 27 8.683.149 192 18.32.275 548 28.579.662 23 219 5.732.642 232 18.395.563 55 25.181.35 24 78 1.514.72 173 8.551.39 339 1.488.671 25 38 1.155.58 1 4.259.393 182 5.539.311 26 117 2.821.5 111 3.52.432 33 6.965.141 27 47 649.749 127 4.65.141 23 5.169.226 28 124 5.33.44 122 5.895.238 362 13.211.56 29 45 12.351.733 162 9.561.69 894 29.15.343 21 23 553.34 23 1.236.247 68 2.119.71 9
Contact Details ILIAS BOLIS AOH: +3-21 - 8 25 439 MOBILE: +3-6937 - 2 65 GEORGE DASKALAKIS AOH: +3-21-62 29 124 MOBILE: +3-6932-24 8 7 STAVROS DRAKOGIANNOPOULOS AOH: +3-21-6 11 438 MOBILE: +3-6932 - 2 15 65 SAKIS DRAKOGIANNOPOULOS AOH: +3 2299 63 237 MOBILE: +3-6944 - 88 58 8 NASSOS HATZIGEORGIOU AOH: +3-21 - 93 16 353 MOBILE: +3-6944 - 73 33 93 COSTAS KARADIMAS AOH: +3-21 - 62 11 96 MOBILE: +3-6932 - 2 15 64 JOHN KOSTOYANNIS AOH: +3-21 - 81 31 194 MOBILE: +3-6932 - 43 39 99 THASSOS PAPOUIS AOH: +3-21 62 31 392 MOBILE: +3 6944 29 49 89 THEODOROS MOISSOGLOU AOH: +3-21 - 96 19 87 MOBILE: +3-6932 - 45 52 41 TASSOS PROSIOS AOH: +3-21 89 46 692 MOBILE: +3 6942 6 78 32 JOHN STASSINAKIS AOH: +3 211 4 16 51 MOBILE: +3 6972 6 92 9 EVAGELOS TOBALOGLOU AOH: +3-21 - 43 25 185 MOBILE: +3-6932 - 4 56 2 COSTIS TSALPATOUROS AOH: +3-21 - 96 19 278 MOBILE: +3-6932 - 2 15 63 PLUTON VARVAROS AOH: +3-21 45 11 331 MOBILE: +3-6937 25 15 15 ALLIED SHIPBROKING INC. 7, Filonos Street, 7 th Floor, Piraeus 185 35, Greece Tel: +3 21 45 24 5 Fax: +3 21 45 25 17/ 19 E-mail: snp@allied-shipbroking.gr ALLIED CHARTERING S.A. 7, Filonos Street, 5th Floor, Piraeus 185 35, Greece Tel : +3 21 42 88 1 Fax: +3 21 45 24 21 drycargo@allied-chartering.gr E-mails: tanker@allied-chartering.gr Visit us @ www.allied-shipbroking.gr 1