LY MARKET REPORT April 23rd, 21 / Week 16 The BDI remained practically unchanged being pushed upwards by the BCI and at the same time being dragged downwards by the BPI. The capesize market is showing signs of improvement and although there is still very little or no period activity the spot rates are about 8% higher this week, being shade below US$ 25, per day. On the dry side, apart from one 2 built handy all of our reported sales are for Vessels older than 1 years old, and a few of them around the 25 year old mark. As values for the more modern tonnage are increasing there are fewer owners willing to pay up. They either look for older tonnage or take a wait-and-see attitude. On the tanker side we are seeing more and more activity, primarily on the modern tonnage as owners are placing their bets that the tanker market has passed its bottom and brighter days are ahead. In view of this activity we note that a newly established company in Dubai has agreed to acquire 5 modern MR tankers from Cido Shipping for a reported en bloc price of US$ 18 million. The tankers are believed to be built in 28, and cost about US$ 36 million each, a higher than current market price, however these include good time charterers attached at t/c rates in excess of US$ 16, per day. Hope to have more details next week. So with all of this activity it comes as no surprise that we are only reporting one demolition deal. Although prices may have been volatile it remains to be seen whether this imbalance may cause another price increase placing tankers well over the US$ 5 mark which will give further impetus for owners to continue to scrap their tonnage. TANKERS SAMSUNG RESALE 116,/Aug-1 - SAMSUNG - B&W 18,436 - COILED - IGS - SBT - COW - DH Sold for $56 mill. to Greek buyers. Sale includes bareboat back for 5 years at $13,/day net. COASTAL VENUS 95,844/91 - NAMURA - SUL 18,612 - COILED - IGS - SBT - COW - SH - SS 9/213 DD 9/211 Sold for $5.2 mill. to Singaporean buyers. WeberSeas, Weekly Market Report Page 1 of 9
FR8 ADRIA 47,3/5 - CROATIA - SUL 11,298 - COILED - COATED - IGS - SBT - COW - DH SS 2/215, DD 4/213 Sold for $26.75 mill. to Greek buyers. F. D. NORD FARER 4,83/5 - SHINA - B&W 11,64 - COILED - COATED - IGS - SBT - COW - DH SS/DD 1/21 F. D. NORD FAST 4,83/8 - SHINA - B&W 11,64 - COILED - COATED - IGS - SBT - COW - DH SS 1/213, DD 1/211 Sold en bloc for $ mill. to Danish buyers (Norden). PANNA 37,145/7 - HYUNDAI MIPO - B&W 15,449 - COILED - COATED - IGS - SBT - COW - DH SS/DD 1/212 Sold for $27 mill. to U. S. based buyers. ORIENTAL ORCHID 1,38/98 - ASAKAWA - B&W 5,281 - COILED - COATED - IGS - SBT - COW DH - SS 6/213, DD 12/21 Sold for $9 mill. to Asian buyers. BULKERS MAKIKI 74,49/97 - SAMSUNG - B&W 11,8-7HH - SS 4/212, DD 5/21 Sold for $27 mill. to Chinese buyers. PEORIA 7,293/96 - SANOYAS - SUL 1,651-7HH - SS/DD 1/211 Sold for $22.5 mill. to undisclosed buyers. Sale includes bareboat back until July/September 21 at $13,/day plus 1 year option at the same rate. CEMTEX LEADER 67,69/89 - CSBC - B&W 11,759-7HH - SS 1/214, DD 3/212 Sold for $12.9 mill. to Singapore based buyers (Courage Marine). ALIOS 49,675/83 - IHI - SUL 11,1-5HH - C 4X25T - SS 12/213, DD 6/211 Sold for $9.3 mill. to Chinese buyers. ARCTIC TRADER 48,17/94 - CROATIA - B&W 12,481-5HH - C 4X3T - SS 2/214, DD 12/211 Sold on subs for $17 mill. net to undisclosed buyers. VELEBIT 42,249/9 - OSHIMA - SUL 8,47-5HH - C 4X3T - SS/DD 4/21 Sold for $13.3 mill. to undisclosed buyers basis SS/DD due. Sale includes t/c attached until maximum October 21 at $12,75/day. BENARITA 4,688/84 - SANOYAS - SUL 8,64-5HH - C 4X25T - SS 1/213, DD 11/21 Sold for $8.8 mill. to undisclosed buyers. STEEL GLORY 39,345/84 - NAMURA - SUL 8,64-5HH - C 4X25T - SS 3/214, DD 3/212 Sold for $9 mill. to Greek buyers. CONSTANTINOS G 37,94/83 - HYUNDAI - B&W 9,251-5HH - C 4X25T - SS/DD 1/212 Sold for $7.3 mill. to Chinese buyers. C. S. STAR 32,874/ - KANDA - B&W 9,1-5HH - C 4X3T - SS 1/214, DD 8/212 Sold for $2 mill. to undisclosed buyers. WeberSeas, Weekly Market Report Page 2 of 9
ARTEMIS 28,82/84 - HITACHI - SUL 9,6-5HH - C 4X25T - SS 7/213, DD 7/211 Sold for $7 mill. to Turkish buyers. RUBIN PEARL 26,472/94 - IMABARI - MIT 7,399-5HH - C 4X3T - SS 7/214, DD 5/212 Sold for $15.7 mill. to Turkish buyers. CONTAINERS MSC NAJWA 5,5/9 - ZHEJIANG - B&W 49,77-4,254 TEU Sold for $42.5 mill. to Greek buyers. PRIDE 35,592/96 - CROATIA - SUL 22,3-5HO 9HA - 2,324 TEU Sold for $8.5 mill. to Greek buyers. MOL EVOLUTION 17,781/96 - IMABARI - B&W 15,581-5HO 8HA - 1,28 TEU Sold for $6.4 mill. to Korean buyers (CK Line). WeberSeas, Weekly Market Report Page 3 of 9
DEMOLITION DEMOLITION STATISTICS TYPE OF SHIP THIS DATE 21 THIS DATE 29 29 TOTAL 28 TOTAL ULCC/VLCC 1 1 6 SUEZMAX 3 2 5 1 AFRAMAX 5 3 12 7 PANAMAX TANKER 4 2 8 9 CAPE/COMBO (1, dwt +) 1 4 5 8 PANAMAX/KAMSARMAX BULKER 2 8 21 19 LOCATION TANKERS BULK CARRIERS CHINA 415 45 INDIA 47 425 BANGLADESH 48 42 PAKISTAN 485 42 DEMOLITION: INDIA LPG BARNES BRIDGE (including appr. 4 tonnes of Nickel) 16,228/83-6,793 LDT - USD 541/LDT NEWBUILDING CONTRACTS No Size Type Yard Delivery Price (mill) Owners Comments 4 16, dwt Tanker Hanjin Philippines 212 $59 Tanker Pacific 2 158, dwt Tanker Samsung Nordic American 211 $65 H.I. Tanker 9 11, dwt Tanker Samsung H.I. 211/12 $55.5 Greek owner +3 options 2 82, dwt Bulker 4 45, dwt Bulker 4 45, dwt Bulker Hyundai Mipo Chengxi Shipyard Chengxi Shipyard 212 n/a 211/12 n/a 211/12 n/a Plutofylax Shipping Co. Shanghai Xiang An Shipping Da Tang Shipping WeberSeas, Weekly Market Report Page 4 of 9
BALTIC DRY EX RATES THIS LAST % Baltic Dry Index 313 39 4,13% Baltic Capesize 3238 371 167 5,44% Baltic Panamax 3757 434-277 -6,87% Baltic Supramax 2656 2594 62 2,39% Baltic Handysize 1351 1373-22 -1,6% 14 12 1 8 6 4 2 4/1/25 4/4/25 4/7/25 4/1/25 4/1/2 6 4/4/26 4/7/26 4/1/26 4/1/27 4/4/27 4/7/27 4/1/27 4/1/28 4/4/28 4/7/28 4/1/28 4/1/29 4/4/29 4/7/29 4/1/29 4/1/21 4/4/21 BDI 25 2 15 1 5 4/1/25 4/4/25 4/7/25 4/1/25 4/1/26 4/4/26 4/7/26 4/1/26 4/1/27 4/4/27 4/7/27 4/1/27 4/1/28 4/4/28 4/7/28 4/1/28 4/1/29 4/4/29 4/7/29 4/1/29 4/1/21 4/4/21 BCI 14 12 1 8 6 4 2 4/1/25 4/4/25 4/7/25 4/1/ 25 4/1/26 4/4/26 4/7/26 4/1/ 26 4/1/27 4/4/27 4/7/27 4/1/ 27 4/1/28 4/4/28 4/7/28 4/1/ 28 4/1/29 4/4/29 4/7/29 4/1/ 29 4/1/21 4/4/21 BPI WeberSeas, Weekly Market Report Page 5 of 9
BALTIC WET EX RATES THIS LAST % Baltic Clean Tanker 715 674 41 6,8% Baltic Dirty Tanker 976 9 24 2,% 2.5 2. 1.5 1. 5 2.5 2. 1.5 1. 5 4-Ιαν-5 7-Μαρ-5 11-Μαϊ-5 4-Ιαν-5 7-Μαρ-5 11-Μαϊ-5 13-Ιουλ-5 14-Σεπ-5 15-Νοε-5 24-Ιαν-6 27-Μαρ-6 1-Ιουν-6 2-Αυγ-6 4-Οκτ-6 5- εκ-6 13-Φεβ-7 16-Απρ-7 15-Ιουν-7 16-Αυγ-7 18-Οκτ-7 13-Ιουλ-5 14-Σεπ-5 15-Νοε-5 24-Ιαν-6 27-Μαρ-6 1-Ιουν-6 2-Αυγ-6 4-Οκτ-6 5- εκ-6 13-Φεβ-7 16-Απρ-7 15-Ιουν-7 16-Αυγ-7 18-Οκτ-7 19/12/27 28-Φεβ-8 BCTI 19/12/27 28-Φεβ-8 BDTI 2-Μαϊ-8 14-Ιουλ-8 15-Σεπ-8 14-Νοε-8 3-Ιαν-9 2-Απρ-9 9-Ιουν-9 1-Αυγ-9 12-Οκτ-9 11- εκ-9 22-Φεβ-1 2-Μαϊ-8 14-Ιουλ-8 15-Σεπ-8 14-Νοε-8 3-Ιαν-9 2-Απρ-9 9-Ιουν-9 1-Αυγ-9 12-Οκτ-9 11- εκ-9 22-Φεβ-1 WeberSeas, Weekly Market Report Page 6 of 9
MAJOR CAPITAL MARKETS INDEX THIS * LAST * % S HIGH S LOW DOW JONES 11.134,29 11.144,57-1,28 -,9% 11.217,3 7.762,8 NASDAQ 2.519,7 2.515,69 3,38,13% 2.1,2 1.625,88 AIM 727,6 73,3-2,7 -,37% 73,3 457,5 NIKKEI 1.949,9 11.273,79-324,7-2,88% 11.48,2 8.493,77 NAME SYMBOL PUBLIC COMPANIES DRY-CARGO SECTOR THIS * LAST * % HIGH LOW DIANA DSX 15,25 15,14,11,73% 19, 11,93 DRYSHIPS DRYS 6,5 6,67 -,62-9,3% 11,48 4,9 EAGLE BULK EGLE 5,45 5,56 -,11-1,98% 9,42 4, EXCEL MARITIME EXM 6,6 6,68 -,8-1,2% 11,7 4,83 GENCO GNK 22,29 22,2,9,41% 29,89 16,21 NAVIOS HOLDINGS NM 6,84 7,4 -,2-2,84% 7,28 3,23 TBS INTERNATIONAL TBSI 8,4 8,74 -,34-3,89% 11,9 5,21 NAME CAPITAL PRODUCT PARTNERS SYMBOL TANKER/ENERGY SECTOR THIS * LAST * % HIGH LOW CPLP 8,8 8,83 -,3 -,34% 11,49 7,33 GENERAL MARITIME GMR 8,55 8,2,53 6,61% 12,66 6,64 OMEGA NAVIGATION ONAV 3,4 2,87,17 5,92% 6,38 2,63 STEALTHGAS GASS 4,94 4,87,7 1,44% 7,64 4,5 TEN TNP 15,15 16,53-1,38-8,35% 23,46 14,35 NAME SYMBOL CONTAINER SECTOR THIS * LAST * % HIGH LOW DANAOS DAC 5,1 5,5,5,99% 6,99 2,72 * Prices reflect Thursday s closing values. Prices in US$ WeberSeas, Weekly Market Report Page 7 of 9
RATES OF EX THIS LAST % Euro / $ 1,333 1,33 -,22-1,63% Sterling / $ 1,535 1,5411 -,16 -,69% $ / Yen 93,945 92,295 1,65 1,79% $ / Nok 5,9191 5,8861,33,56% $ / Won 1.18,4 1.11,5-2,1 -,19% Brent Crude 83,4 83,96 -,92-1,1% LIBOR (3-month).3%.28 %.2 7.14% ESTIMATED VALUES* TANKERS PROMPT RESALE 5 YEARS 1 YEARS 2 YEARS VLCC $98.m $78.m $6.m (DH) $16.m Suezmax $68.m $58.m $4.m (DH) $12.5m Aframax $5.m $4.m $2.m (DH) $8.m Panamax $42.m $33.m $15.m (DH) $6.m Product $33.m $23.m $1.m (DH) $4.5m BULK CARRIERS PROMPT RESALE 5 YEARS 1 YEARS 2 YEARS Capesize $72.5m $6.m $42.5m $18.5m Panamax/Kamsarmax $43.m $36.m $29.5m $13.m Supramax/Handymax $35.m $28.m $23.m $12.5m * The above values are based and adjusted according only to recent reported sales and are subject to weekly changes. TANKER T/C RATES* 1 YR 3 YRS 5 YRS VLCC (3, dwt) 36,5/D 36,/D 37,/D SUEZMAX (15, dwt) 23,5/D 25,/D 27,/D AFRAMAX (11, dwt) 18,25/D 19,5/D 2,5/D PANAMAX (72, dwt) 16,75/D 17,5/D 18,25/D MR (45-5, dwt) 12,/D 13,5/D 14,25/D * The above figures are representative rates for modern tankers only. BUNKER PRICES FUEL GRADES ROTTERDAM FUJAIRAH PIRAEUS SINGAPORE 38cst: $478.5 $49.5 $492. $491.5 18cst: $493.5 $54. $515.5 $51. MGO: $722.5 $75. $73. $72. WeberSeas, Weekly Market Report Page 8 of 9
WEBERSEAS CONTACTS SALE & PURCHASE MOBILE PHONE NUMBER Bobby Mitropoulos 6936-535 Tom Protonotarios 6936-536 Nicholas Sfinias 6944-343488 Spyros Karamassis 6945-776757 TANKER CHARTERING Basil Mavroleon 6932-644983 Lefteris Mystriotis 6946-7621 Dionysios Mitsotakis 6936-832 George Karalis 6948-753725 TANKER OPERATIONS Kimon Polikratis 6932-359 ADMINISTRATION Yannis Mitropoulos 6936-537 Urania Savvaki 6934-257746 Very Truly Yours, W E B E R S E A S (H E L L A S) S.A. The information contained in this report has been obtained from various market sources. WEBERSEAS (HELLAS) S.A. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. WSH will not be held responsible for any action or failure to take action upon reliance on information contained in this report. 21 WEBERSEAS (HELLAS) S.A. All Rights Reserved WeberSeas, Weekly Market Report Page 9 of 9