WEEKLY MARKET REPORT August 23rd, 2013 / Week 34 This report comprises of market information for the last two weeks as we wish to remind you that last week we did not publish a report. During this period the BCI has increased 9.5% whilst the BPI lost around 2% and as a result the overall BDI increased by 5.7% ending this 2 week period at the 1165 point level. The BSI and BHSI marginally increased by around 1% and 2% respectively. Despite the summer period in the West, there was significant activity in the secondhand market, both in the tankers and dry cargo. We are reporting the sale of two sets of sistership VLCCs belonging to Clipper, namely HARBOUR SPLENDOR / SEA SPLENDOR (297,000 dwt / blt 2010 & 2012 Dalian China) and the ISLAND SPLENDOR / SPRING SPLENDOR (297,000 dwt / blt 2011 Jiangnan China). The Buyers are reported to be Sinochem who had all four ships on time charter and the deal is on private terms. The LR-2 WHITE STARS (115,618 dwt / blt 2013 Korea) seems to have been re-sold back to Greek buyers at US$ 42.5 mill. The same buyers are also reported to have purchased enbloc the LR-1 tankers JUNIPER 3 / JUNIPER 4 (73,673 dwt / blt 2007 Korea) for US$ 25 mill each. Two separate U.S. investors are behind the sales of two sets of MR tankers. It seems that D'Amico has sold the HIGH PROGRESS (51,303 dwt / blt 2005 Korea) and HIGH VALO R (46,994 dwt / blt 2005 Korea) for US$ 20.20 mill each whilst Parakou has committed their sisterships ST.GABRIEL / ST.MICHAELIS (51,266 dwt / blt 2006 & 2005 Korea) for excess US$ 20 mill each. In the dry sector, two capesize bulkers, the PACIFIC CONFIDENCE (180,181 Dwt / Blt 2004 Japan) and SHINING STAR (177,662 dwt / blt 2004 Japan) have been sold to the same Greek buyers for US$ 25 mill each. Separate Greek buyers have purchased the panamax LOWLANDS GHENT (76,801 dwt / blt 2004 Japan) for US$ 16.50 mill and the older C.S. QUEEN (72,465 dwt / blt 1998 Japan) for US$ 8.7 mill. We are also reporting the sale of three supramaxes. The MIMOSA (53,556 dwt / blt 2007 Japan) for US$ 18.20 mill and the OCEAN ALLIANCE (52,388 dwt / blt 2004 Japan) for US$ 16 mill - both to Greeks. The SPRING PROGRESS (50,344 fwt / blt 2003 Japan) has been sold for US$ 15.1 mill to undisclosed buyers. In the Newbuilding market, China Merchants exercised 4 options for VLCCs, two in Dalian and two in SWS at US$ 85 mill each all for delivery within 2015. The newly set up Alpha8 pool (a new LR-2 pool set up by Singapore's Navig8) have ordered 4 x 115,000 Dwt LR-2s in Sungdong at US$ 50 mill each for delivery WeberSeas, Weekly Market Report Page 1 of 13
2014. Ardmore based in Ireland have ordered 2 x 51,000 Dwt MRs in SPP at US$ 34.30 mill for delivery 2015 and 2 x 37,000 Dwt in Hyundai Mipo at US$ 32.7 mill for delivery 2014/2015. CanForNav have ordered 2 x 64,000 Dwt ultramaxes in Zhejiang for delivery 2015 at US$ 25 mill each. UniAsia and Mykonos Shipping have also ordered a pair of 58,000 Dwt supramaxes in Tsuneishi Cebu and Tsuneishi Zhoushan respectively, both on private terms. We are also reporting an additional 4 LPGs in Korea, all done on private terms. Demolition activity was healthy, with Bangladesh leading the way taking one VLCC on private terms and 4 bulkers in the 390/412 range. India took two more containers in excess of 400 and two bulkers between 385/388. China took three bulkers at 315/325 levels and Pakistan only one aframax on private terms. TANKERS HARBOUR SPLENDOR 297,052/10 - DALIAN - B&W 34,643 - COILED - SBT - IGS - COW - DH SS/DD 03/2015 SEA SPLENDOR 297,123/12 - DALIAN - B&W 34,643 - SBT - IGS - COW - DH - SS 03/2017 DD 03/2015 ISLAND SPLENDOR 296,919/11 - JIANGNAN - B&W 34,643 - SBT - IGS - COW - DH SS 03/2016, DD 03/2014 SPRING SPLENDOR 296,908/11- JIANGNAN - B&W 34,643 - COILED - SBT - IGS - COW - DH SS 01/2016, 01/2014 Sold en bloc for $60 mill to Chinese buyers (Sinochem). WHITE STARS 115,618/13 - SAMSUNG - B&W 18,436 - COATED - COILED - SBT - IGS - COW DH - SS 02/2018, DD 02/2016 Sold for $42.5 mill to Greek buyers (Prime Marine). EUROSEA 96,755/94 - SAMSUNG - B&W 14,162 - COILED - SBT - IGS - COW - DH SS/DD 08/2013 Sold for $7.8 mill to Thai buyers (Nathalin). HELLESPONT PROVIDENCE 73,784/07 - NEW CENTURY - B&W 15,363 - COATED - COILED SBT - IGS - COW - DH - SS 12/2017, DD 01/2016 Sold for $24.5 mill to European buyers (TB Marine / Seaarland) JUNIPER 4 73,673/07 - STX - B&W 18,436 - COATED - COILED SBT - IGS - COW - DH SS 04/2012, DD 04/2014 JUNIPER 3 73,672/07 - STX - B&W 18,436 - COATED - COILED SBT - IGS - COW - DH SS 03/2012, DD 01/2015 Sold en bloc for $25 mill each to Greek buyers. LPG BW DANUTA 56,824/00 - POLAND - SUL 23,983 - IGS - DH - 76,980 CBM Sold on private terms to Chinese buyers (Kunlun Shipping). HIGH PROGRESS 51,303/05 - STX - B&W 18,436 - COATED - COILED - SBT - IGS - COW - DH SS/DD 03/2015 HIGH VALOR 46,994/05 - STX - B&W 12,900 - COATED - COILED - SBT - IGS - COW - DH SS/DD 02/2015 Sold en bloc for $20.2 each mill to U.S. based buyers ( Ridgebury Tankers). WeberSeas, Weekly Market Report Page 2 of 13
ST. GABRIEL 51,266/06 - STX - B&W 12,900 - COATED - COILED - SBT - IGS - COW - DH SS 01/2016, DD 01/2014 ST. MICHAELIS 51,218/05 - STX - B&W 12,900 - COATED - COILED - SBT - IGS - COW - DH SS 11/2015, DD 09/2013 Sold en bloc for xs $20 mill each to undisclosed buyers. LPG REFERENCE POINT 48,980/91 - MITSUBISHI - MIT 16,801 - IGS - DH - 78,746 CBM Sold on private terms to Chinese buyers. MOSCOW SEA 47,363/98 - CROATIA - B&W 11,298 - COATED - COILED - SBT - IGS - COW - DH SS/DD 10/2013 Sold for $10 mill to Singaporean buyers (Wilmar). CLIPPER MAKISHIO 19,999/09 - FUKUOKA - B&W 8,810 - ST.ST. COATING - COILED - SBT IGS - DH - SS/DD 02/2014 Sold for $26 mill to Chinese buyers (Sinochem). CRYSTAL EMERALD 8,143/94 - BELGIUM - SUL 5,873 - ST.ST. COATING - COILED - SBT - IGS DH - SS 01/2014, DD 11/2013 CRYSTAL PEARL 8,143/94 - BELGIUM - SUL 5,873 - ST.ST. COATING - COILED - SBT - IGS- DH SS 02/2014, DD 11/2013 CRYSTAL AMETHYST 8,143/94 - BELGIUM - SUL 5,873 - ST.ST. COATING - COILED -SBT - IGS DH - SS 02/2014, DD 11/2013 Sold en bloc for $4 mill each to Russian buyers. BULKERS PACIFIC CONFIDENCE 180,181/04 - IMABARI - B&W 25,329-9HH - SS/DD 03/2014 Sold for $25 mill to Greek buyers. SHINING STAR 177,662/04 - MITSUI - B&W 22,928-9HH - SS/DD 06/2014 Sold for $25 mill to Greek buyers. NSS BONANZA 170,907/96 - KOYO - B&W 20,201-9HH - SS 07/2016, DD 04/2014 Sold for $12.3 mill to Chinese buyers. LOWLANDS GHENT 76,801/04 - SASEBO - B&W 12,549-7HH - SS/DD 07/2014 Sold for $16.5 mill to Greek buyers. C. S. QUEEN 72,465/98 - SASEBO - B&W 12,001-7HH - SS 06/2018, DD 06/2016 Sold for $8.7 mill to Greek buyers. OCEAN PREFACE 70,259/93 - DAEWOO - B&W 10,680-7HH Sold for $5 mill to Chinese buyers. YANGZHOU DAYANG DY4023 63,500/13 - YANGZHOU DAYANG - B&W 16,179-5HH C 4X30T Sold for $26.5 mill to Greek buyers. WeberSeas, Weekly Market Report Page 3 of 13
MIMOSA 53,556/07 - IWAGI - B&W 12,889-5HH - C 4X30.5T - SS/DD 06/2017 Sold for $18.2 mill to Greek buyers. OCEAN ALLIANCE 52,388/04 - TSUNEISHI - B&W 10,605-5HH - C 4X30T - SS/DD 08/2014 Sold for $16.3 mill to Greek buyers. SPRING PROGRESS 50,344/03 - KAWASAKI - B&W 10,999-5HH - C 4X30.5T - SS 01/2018 DD 11/2015 Sold for $15.1 mill to undisclosed buyers. ST. MICHAEL 43,665/89 - TSUNEISHI - B&W 9,680-5HO 5HA - C 4X30T - SS/DD 07/2014 Sold for $4 mill to Qatari buyers. (old sale). SHARK ISLAND 28,587/96 - HUDONG - B&W 7,950-5HH - C 4X30T - SS 05/2016, DD 05/2014 Sold for $4.4 mill to Greek buyers. TPC TAURANGA 28,392/96 - IMABARI - B&W 7,800-5HO 5HA - C 4X3005T - SS 08/2016 DD 07/2014 Sold for $6 mill to undisclosed buyers. KEN SHO 23,581/95 - SAIKI - B&W 6,650-4HH - C 4X30T - SS/DD 05/2015 Sold for $5.3 mill to undisclosed buyers. ORIENTE PRIME 21,955/94 - SAIKI - MIT 7,200-4HH - C 4X30T - SS 06/2016, DD 07/2014 Sold for $4.4 mill to Chinese buyers. MPP/TWEENDECKERS YONG DA 14,082/99 - GERMANY - SUL 12,726-4HH - C 2X40T - 810 TEU - SS/DD 03/2014 YONG CAI 14,080/98 - GERMANY - SUL 12,726-4HH - C 2X40T - 810 TEU - SS/DD 10/2013 Sold en bloc for $2.6 each mill to South Korean buyers (VFM). CONTAINERS PUELO 81,250/06 - HYUNDAI - B&W 77,769-6,539 TEU PUCON 81,099/06 - HYUNDAI - B&W 81,848-6,539 TEU Sold en bloc for $47 mill each to Greek buyers (Diana Shipping). NINA RICKMERS 24,279/04 - JIANGSU - B&W 29,449-1,858 TEU JACKY RICKMERS 24,235/04 - JIANGSU - B&W 29,449-1,858 TEU ARUT 24,219/04 - JIANGSU - B&W 29,449-1,858 TEU SALLY 24,277/03 - JIANGSU - B&W 29,449-1,858 TEU Sold on private terms to Danish buyers (IPSA Capital). PCE MADEIRA 21,480/94 - HANJIN - B&W 16,681-7HO 8HA - C 2X40T, 1X10T - 1,576 TEU Sold for $2.5 mill to Turkish buyers. WeberSeas, Weekly Market Report Page 4 of 13
CALA PUMA 21,413/06 - IMABARI - B&W 21,509 - C 3X45T - 1,577 TEU Sold on private terms to U.S. based buyers. STADT RATZEBURG 12,774/07 - DAE SUN - B&W 10,686-1,043 TEU Sold on private terms to German buyers. FLINTERCARRIER 9,620/08 - NANTONG - WARTSILA 12,563-809 TEU Sold on private terms to Singaporean buyers (Sea Consortium). FRESH FOR SALE BULKERS ZHEJIANG JUDGER ZJK1001 82,000/13 - ZHEJIANG - B&W 16,179-7HH ZHEJIANG JUDGER ZJK1002 82,000/13 - ZHEJIANG - B&W 16,179-7HH PACIFIC ETERNITY 46,683/04 - TOYOHASHI - MIT 10,179-5HH - C 4X30T Vessel is inspectable in China (port tbn) where ETA 5th September where can be inspected. KOSMAS V 57,295/11 - STX - B&W 12,889-5HH - C 4X30T Vessel can be inspected in Med by arrangement. OCEAN QUEEN 53,505/11 - VIETNAM - B&W 12,890-5HH - C 4X36T Vessel is now laid up in Hai Phong, Vietnam where can be inspected.. ID HARBOUR 28,760/95 - NAIKAI ZOSEN - B&W 7,331-5HH - C 4X30T Vessel can be inspected in Vancouver on 3rd September. Then, in Far East between 17th-29th September. PRESIDENT 16,371/11 - ZHEJIANG - YANMAR 4,500-4HH - C 2X20T Vessel is presently passing DD survey in China until 31st August where can be inspected. TANKERS TWINKLE EXPRESS 45,750/06 - MINAMI - B&W 11,665 - COATED - COILED - SBT - IGS COW - DH Vessel can be inspected in Sao Luis, Brazil where ETA 25th August. CONTAINERS STX MELBOURNE 37,901/08 - GERMANY - B&W 29,597-5HH - 2,742 TEU Vessel can be inspected in Inchon, Korea. STX MUMBAI 37,901/08 - GERMANY - B&W 29,597-5HH - 2,742 TEU Vessel can be inspected in Inchon, Korea. HELENE RUSS 23,043/96 - POLAND - SUL 18,102-4HO 9HA - C 3X40T - 1,728 TEU Vessel is inspectable in Barcelona on 23rd August. WeberSeas, Weekly Market Report Page 5 of 13
DEMOLITION DEMOLITION STATISTICS TYPE OF SHIP THIS DATE 2013 THIS DATE 2012 2012 TOTAL 2011 TOTAL ULCC/VLCC 9 8 14 14 SUEZMAX 5 12 15 4 AFRAMAX 12 21 29 24 PANAMAX TANKER 5 1 3 5 CAPE/COMBO (100,000 dwt +) 28 44 68 60 PANAMAX/KAMSARMAX BULKER 29 56 101 54 LOCATION TANKERS BULK CARRIERS CHINA 315-320 310-315 INDIA 415-425 385-400 BANGLADESH 415-430 390-405 PAKISTAN 415-425 390-400 DEMOLITION: INDIA CONT YELLOW SEA M/V SAANGUINE M/V YUAN DA CONT H. HASAN TURAN 44,765/96-14,868 LDT - on private terms 23,423/84-5,467 LDT - USD 388/LDT 22,323/84-5,672 LDT - USD 385/LDT 14,180/83-5,070 LDT - USD 402/LDT BANGLADESH M/T GLAROS M/V GETWIN M/V DIA YUAN M/V KIRAN ATLANTIC M/T PRATIBHA CAUVERY M/V WIN GRACE 298,432/95-42,676 LDT - on private terms 65,862/82-11,278 LDT - USD 412/LDT 39,818/82-8,019 LDT - on private terms 38,237/85-8,737 LDT - USD 395/LDT 28,793/81-7,201 LDT - on private terms 16,757/84-5,718 LDT - USD 403/LDT WeberSeas, Weekly Market Report Page 6 of 13
CHINA M/V HENG YU M/V EUNICE M/V TROPICAL SEAROAD 123,665/92-26,376 LDT - USD 325/LDT - as is Zhoushan 41,373/84-9,075 LDT - USD 315/LDT 15,296/89-4,884 LDT - USD 315/LDT PAKISTAN M/T EAGLE CENTAURUS 95,644/92-15,666 LDT - on private terms TURKEY M/V RICHELIEU 28,595/80-7,304 LDT - USD 320/LDT WeberSeas, Weekly Market Report Page 7 of 13
TYPE OF SHIP NEWBUILDING STATISTICS 2013 2014 2015 2016 * TOTAL ORDERBOOK ULCC/VLCC 9 32 12 53 SUEZMAX 9 19 10 38 AFRAMAX 11 44 39 19 113 PANAMAX 13 32 23 7 75 MR 43 134 107 16 300 10-35,000 DWT 41 44 26 2 113 CAPESIZE/ MINI CAPE / VLOC 80-100,000 DWT 61 92 45 12 210 75 105 50 10 240 PANAMAX 53 54 7 114 SUPRAMAX / HANDYMAX 129 170 91 25 415 HANDYSIZE 98 172 82 7 359 WeberSeas, Weekly Market Report Page 8 of 13
NEWBUILDING CONTRACTS No Size Type Yard Delivery 2 319,000 dwt Tanker Dalian 2015 $85.00 2 318,000 dwt Tanker SWS 2015 $85.00 Price (mill) Owners Comments China Merchants China Merchants Declared options Declared options 2 115,000 dwt Tanker Sungdong 2014 $50.00 Alpha8 LR2 4 114,900 dwt Tanker Daewoo SME 2015 $47.00 2 51,000 dwt Tanker SPP 2015 $34.3 1 50,000 dwt Tanker 2 37,000 dwt Tanker 4 25,000 dwt Tanker Aker Philadelphia Hyundai Mipo Fukuoka Shipyard 2015/16 $62.50 2014/15 $32.70 2014/15 $29.50 Flagship Marine Ventures Ardmore Shipping Corporation Crowley Maritime Ardmore Shipping Corporation Ardmore Shipping Corporation LR2 + 4 options 2 174,000 cbm LNG 1 84,000 cbm LPG 1 84,000 cbm LPG Samsung H.I. Hyundai H.I. Hyundai H.I. 2016 n/a GasLog 2015 n/a Seacor Ocean Trans 2015 n/a BW Gas + 2 options 2 64,000 dwt Bulker Zhejiang Zengzhou 2015 $25.00 Canadian Forest Navigation + 2 options 2 58,000 dwt Bulker Tsuneishi Cebu 2015 n/a Uni-Asia 2 58,000 dwt Bulker Tsuneishi Cebu 2014/2015 n/a Mykonos Shipping 2 39,500 dwt Bulker Zhejiang Yangfan 2015 n/a D amico 2 37,650 dwt Bulker AVIC Wei hai 2015 $20.50 Giovanni Visentini Declared options 1 8,500 ceu RoRo Xiamen SB 2015 $67.50 Hoegh Autoliners PCTC declared option 2 6,500 ceu RoRo Hyundai H.I. 2015 $60.00 Hyundai Giovis WeberSeas, Weekly Market Report Page 9 of 13
BALTIC DRY EXCHANGE RATES THIS WEEK LAST WEEK CHANGE CHANGE % Baltic Dry Index 1165 1102 63 5.72% Baltic Capesize 2312 2112 200 9.47% Baltic Panamax 903 923-20 -2.17% Baltic Supramax 927 916 11 1.20% Baltic Handysize 528 517 11 2.13% 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 23-Aug-09 23-Oct-09 23-Dec-09 23-Feb-10 23-Apr-10 23-Jun-10 23-Aug-10 23-Oct-10 23-Dec-10 23-Feb-11 23-Apr-11 23-Jun-11 23-Aug-11 23-Oct-11 B D I 23-Dec-11 23-Feb-12 23-Apr-12 23-Jun-12 23-Aug-12 23-Oct-12 23-Dec-12 23-Feb-13 23-Apr-13 23-Jun-13 23-Aug-13 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 23-Aug-09 23-Oct-09 23-Dec-09 23-Feb-10 23-Apr-10 23-Jun-10 23-Aug-10 23-Oct-10 23-Dec-10 23-Feb-11 23-Apr-11 23-Jun-11 23-Aug-11 23-Oct-11 B C I 23-Dec-11 23-Feb-12 23-Apr-12 23-Jun-12 23-Aug-12 23-Oct-12 23-Dec-12 23-Feb-13 23-Apr-13 23-Jun-13 23-Aug-13 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 23-Aug-09 23-Oct-09 23-Dec-09 23-Feb-10 23-Apr-10 23-Jun-10 23-Aug-10 23-Oct-10 23-Dec-10 23-Feb-11 23-Apr-11 23-Jun-11 23-Aug-11 23-Oct-11 B P I 23-Dec-11 23-Feb-12 23-Apr-12 23-Jun-12 23-Aug-12 23-Oct-12 23-Dec-12 23-Feb-13 23-Apr-13 23-Jun-13 23-Aug-13 WeberSeas, Weekly Market Report Page 10 of 13
Baltic Clean Tanker Baltic Dirty Tanker BALTIC WET EXCHANGE RATES THIS WEEK LAST WEEK CHANGE CHANGE % 591 552 39 7.07% 658 644 14 2.17% 1000 900 800 700 600 500 400 300 200 100 0 23-Aug-09 1400 1200 1000 800 600 400 200 23-Oct-09 0 23-Aug-09 23-Oct-09 23-Dec-09 23-Feb-10 23-Apr-10 23-Jun-10 23-Aug-10 23-Oct-10 23-Dec-10 23-Feb-11 23-Apr-11 23-Jun-11 23-Aug-11 23-Dec-09 23-Feb-10 23-Apr-10 23-Jun-10 23-Aug-10 23-Oct-10 23-Dec-10 23-Oct-11 BCTI 23-Feb-11 23-Apr-11 23-Jun-11 23-Aug-11 BDTI 23-Oct-11 23-Dec-11 23-Dec-11 23-Feb-12 23-Apr-12 23-Jun-12 23-Aug-12 23-Oct-12 23-Dec-12 23-Feb-13 23-Apr-13 23-Jun-13 23-Aug-13 23-Feb-12 23-Apr-12 23-Jun-12 23-Aug-12 23-Oct-12 23-Dec-12 23-Feb-13 23-Apr-13 23-Jun-13 23-Aug-13 WeberSeas, Weekly Market Report Page 11 of 13
MAJOR CAPITAL MARKETS INDEX THIS WEEK* LAST WEEK* CHANGE CHANGE % 52 WEEKS HIGH 52 WEEKS LOW DOW JONES 14,963.74 15,112.19-148.45-0.98% 15,658.70 12,471.50 NASDAQ 3,638.71 3,606.12 32.59 0.90% 3,694.19 2,810.80 AIM 750.61 746.81 3.80 0.51% 754.15 672.72 NIKKEI 13,365.17 13,752.94-387.77-2.82% 15,942.60 8,488.14 PUBLIC COMPANIES NAME SYMBOL THIS WEEK* DRY-CARGO SECTOR LAST WEEK* CHANGE CHANGE % 52 WEEK HIGH 52 WEEK LOW DIANA DSX 11.17 11.06 0.11 0.99% 11.34 6.45 DRYSHIPS DRYS 2.17 2.12 0.05 2.36% 2.74 1.46 EAGLE BULK EGLE 3.71 3.71 0.00 0.00% 5.96 1.32 GENCO GNK 2.30 2.04 0.26 12.75% 4.54 1.12 GOLDENPORT HOLDINGS GPRT.L 36.50 30.13 6.37 21.14% 57.10 29.00 NAVIOS HOLDINGS NM 6.26 6.16 0.10 1.62% 6.49 3.26 NAME CAPITAL PRODUCT PARTNERS SYMBOL TANKER/ENERGY SECTOR THIS WEEK* LAST WEEK* CHANGE CHANGE % 52 WEEK HIGH 52 WEEK LOW CPLP 8.75 8.91-0.16-1.80% 10.15 5.79 STEALTHGAS GASS 8.80 9.80-1.00-10.20% 12.10 5.73 TEN TNP 4.72 4.79-0.07-1.46% 6.19 3.04 NAME SYMBOL THIS WEEK* CONTAINER SECTOR LAST WEEK* CHANGE CHANGE % 52 WEEK HIGH 52 WEEK LOW DANAOS DAC 4.55 4.48 0.07 1.56% 4.86 2.44 * Prices reflect Thursday s closing values. Prices in US$ except for Goldenport Holdings which is in GBP. WeberSeas, Weekly Market Report Page 12 of 13
RATES OF EXCHANGE THIS WEEK LAST WEEK CHANGE CHANGE % Euro / $ 1.3349 1.3264 0.0085 0.64% Sterling / $ 1.5547 1.5572-0.0025-0.16% $ / Yen 99.006 97.841 1.165 1.19% $ / Nok 6.0448 5.9430 0.10 1.71% $ / Won 1,117.86 1,118.55-0.69-0.06% Brent Crude 109.90 111.58-1.68-1.51% LIBOR (3-month) 0.26% 0.26% 0 0.00% ESTIMATED VALUES* TANKERS PROMPT RESALE 5 YEARS 10 YEARS 20 YEARS VLCC $77.0m $55.0m $35.0m $18.0m Suezmax $51.0m $40.0m $25.0m $10.0m Aframax $40.0m $28.0m $15.0m $8.0m Panamax $37.0m $25.0m $17.0m $9.0m Product $36.0m $21.5m $14.5m $5.0m BULK CARRIERS PROMPT RESALE 5 YEARS 10 YEARS 20 YEARS Capesize $44.0m $34.0m $24.0m $8.0m Panamax/Kamsarmax $29.0m $21.0m $15.0m $5.5m Supramax/Handymax $25.0m $21.0m $15.3m $6m * 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 VLCC (300,000 dwt) 18.000/D 22,000/D SUEZMAX (150,000 dwt) 15,750/D 18.250/D AFRAMAX (110,00 dwt) 13,500/D 15.250/D PANAMAX (72,000 dwt) 14.000/D 15,500/D MR (45-50,000 dwt) 14.000/D 15,500/D * The above figures are representative rates for modern tankers only. BUNKER PRICES FUEL GRADES ROTTERDAM FUJAIRAH PIRAEUS SINGAPORE 380cst: $595,00 $596.50 $615,00 $600,00 180cst: $615,00 $655.50 $649.00 $612,00 MGO: $926,50 $980.00 $955,50 $915,00 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. 2013 WEBERSEAS (HELLAS) S.A. All Rights Reserved WeberSeas, Weekly Market Report Page 13 of 13