Monday, November 8, Week 45 The Week at a Glance

Monday, November 8, 21 - Week 45 The Week at a Glance Injection! Fed decided last week to inject about USD 6, billion in treasury bonds (USD 75, billion per month) which led in market reacting positively and also crude tanker sector spiking especially in the VLs. Following this new reality, oil prices continued to head north with levels reaching and even passing above the USD 87 per barrel. Staying in USA, economists are still pessimistic about the economic rebound in local economy as unemployment kept on flirting with the 1% (9,6% to be exact). The rate, which in brief accounts of about 14,8 million unemployed, gives the employers the opportunity to keep wages low enough, hence keeping consumption in low levels. Passing on to Europe and Germany to be more exact, exports showed a significant rise on September of about 22,5% compared to same month last year. We have to note that imports also picked up 18% for the same months. Greek Listed Companies Last Fridays Closing Weekly Difference Baltic Dry Indices* Last Fridays Closing Weekly Difference Baltic Dry Index 2495-183 Baltic Cape index 3994-268 Baltic Panamax Index 234-16 Baltic Supramax Index Baltic HandySize Index 1628-122 856-41 Newbuilding Prices 8/21 9/21 1/21 11/21 VLCC 3, $15 $15 $11 $11 SUEZMAX 15, AFRAMAX 113, PANAMAX 72, PRODUCT 47, CAPESIZE 175, KAMSARMAX 81, SUPRAMAX 5, HANDYSIZE 28, $6 $6 $7 $7 $5 $5 $55 $55 $42 $42 $45 $45 $35 $35 $35 $39 $58 $58 $6 $61 $35 $35 $38 $4 $31 $31 $34 $35 $26 $26 $28 $28 NYSE 78,66 287,31 Brent Prices NASDAQ 2578,98 71,57 Dry Ships 4,69,58 Genmar 4,22,38 Excel 6,36,54 Diana 13,62 -,3 Top Ships,75,7 TEN 1,42,8 Stealth Gas 4,86,7 Capital Product Partners 8,7 -,15 Euroseas 4,152,13 Danaos 4,47 -,6 Currencies* Last Fridays Closing Weekly Difference EURO/USD 1,437,1 USD/JPY 81,29,89 USD/CNY 6,6565 -,1 *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 SIZE INDEX W-O-W CHANGE AVG T/C RATES W-O-W CHANGE TREND BDI 2495-183 CAPESIZE 3994-268 39.873-3.69 WEAKER PANAMAX 234-16 18.58-834 WEAKER SUPRAMAX 1628-122 17.21-1.28 WEAKER HANDYSIZE 856-41 12.482-629 WEAKER Bulk Carrier Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment ROYAL CRYSTAL 24872 1984 JAPAN 4 X 25t CRANES Mitsubishi 6.25. USD SOLD TO UNDISCLOSED BUYERS SHINAN H18 34 6/21 KOREA, SOUTH - MAN-B&W 32.5. USD SOLD TO S.KOREAN BUYERS SAMMI SUPERSTARS 4728 1983 KOREA, SOUTH 4 X 25t CRANES B&W 6.1. USD SYRENA 48122 1997 POLAND 4 X 35t CRANES Sulzer 21.5. USD MEDI CORK 53552 24 JAPAN 4 X 3,5t CRANES MAN-B&W 33.. USD MARITIME WISDOM TSUNEISHI ZHOUSHAN RESALE TSUNEISHI ZHOUSHAN RESALE SOLD TO CHINESE BUYERS ON "AS IS" BASIS SOLD TO SINGAPORE BASED BUYERS (SILVIA SHIPPING) SOLD TO VIETNAMESE BUYERS (VOSCO) 7335 1993 JAPAN 4 X 3t CRANES Sulzer 22.. USD SOLD TO CHINESE BUYERS 825 7/21 825 12/21 PEACE VOYAGE 93 11/21 Container CHINA, PEOPLE'S CHINA, PEOPLE'S CHINA, PEOPLE'S - MAN-B&W 45.. USD - MAN-B&W 45.. USD - MAN-B&W 42.5. USD SOLD EN BLOC TO CHINESE BUYERS (REDWOOD CHINA) - RGN USD 9.. EN BLOC SOLD EN BLOC TO CHINESE BUYERS (REDWOOD CHINA) - RGN USD 9.. EN BLOC SOLD TO INDIAN BUYERS (MERCATOR) Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment SIAM 1 15628 1996 JAPAN 972 - B&W 8.. USD SOLD TO FAR EASTERN BUYERS CLIFTON BRIDGE 47539 1988 JAPAN 372 - B&W 8.1. USD SOLD TO GREEK BUYERS (GOLDENPORT) General cargo Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment THOR FALCON 2784 1992 DENMARK 151 2 X 5t CRANES Deutz - GREEN SPRING 6626 1984 JAPAN 42 Ro-ro cargo 1 X 3t DERRICKS, 1 X 26t DERRICKS, 2 X 2t DERRICKS Ito 3.2. USD Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment SOLD TO UNDISCLOSED BUYERS ON PRIVATE TERMS SOLD TO ESTONIA BASED BUYERS (NORFOS SHIPPING) MAGOSA 872 1974 SPAIN 48 - Caterpillar 7. USD SOLD TO N.CYPRUS BASED BUYERS KANO 212 1972 GERMANY, FEDERAL - Stork-Werkspoor 2.1. EURO SOLD TO UNDISCLOSED BUYERS KANO II 44 1978 DENMARK 323 - MaK 2.1. EURO SOLD TO UNDISCLOSED BUYERS 2

Wet SIZE INDEX W-O-W CHANGE BDTI 776 +18 BCTI 6-27 SIZE AVG SPOT EARNINGS W-O-W CHANGE AVG T/C RATES BSS 1 YR TREND VLCC $29,. +32% $ 28,. FIRMER SUEZMAX $12,. -2% $ 26,. WEAKER AFRAMAX $ 8,5. -22% $ 18,. WEAKER CLEAN MR $ 3,9. +14% $ 13,. FIRMER Tanker Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment TRANS VIK 4739 1991 DENMARK Y Y MaK 5.5. USD TRANS SUND 4794 1991 DENMARK Y Y MaK 5.5. USD SOLD EN BLOC WITH TRANS SUND TO RUSSIAN BUYERS - RGN USD 1.1. EN BLOC SOLD EN BLOC WITH TRANS VIK TO RUSSIAN BUYERS - RGN USD 1.1. EN BLOC SUNRISE ROSA 8626 24 JAPAN Y Y MAN-B&W 11.. USD SOLD TO S.KOREAN BUYERS GOLDEN KAORI 9224 1998 JAPAN Y Y Mitsubishi 5.5. USD SOLD TO UNDISCLOSED BUYERS GOLDEN ELIZABETH GOLDEN CHARLOTTE 16322 1997 JAPAN Y Y Mitsubishi 8.5. USD SOLD TO GREEK BUYERS 19717 26 JAPAN Y Y Mitsubishi - GOLDEN IVY 23324 28 JAPAN Y Y MAN-B&W - GOLDEN LEGEND STOLT STRENGTH 23432 29 JAPAN Y Y Mitsubishi - 3329 25 JAPAN Y Y MAN-B&W - STOLT GLORY 3332 25 JAPAN Y Y B&W - BOW CENTURY 37438 2 NORWAY Y Y B&W - BOW FAVOUR 37467 21 NORWAY Y Y B&W - LEGEND, GOLDEN IVY, BOW CENTURY, BOW FAVOUR, STOLT GLORY AND STOLT STRENGTH TO LEGEND, GOLDEN CHARLOTTE, BOW CENTURY, BOW FAVOUR, STOLT GLORY AND STOLT STRENGTH TO NETHERLANDS BASED BUYERS (STOLT TANKERS B.V) - RGN USD IVY, GOLDEN CHARLOTTE, BOW CENTURY, BOW FAVOUR, STOLT GLORY AND STOLT STRENGTH TO LEGEND, GOLDEN IVY, GOLDEN CHARLOTTE, BOW CENTURY, BOW FAVOUR AND STOLT GLORY TO LEGEND, GOLDEN IVY, GOLDEN CHARLOTTE, BOW CENTURY, BOW FAVOUR AND STOLT STRENGTH TO LEGEND, GOLDEN IVY, GOLDEN CHARLOTTE, BOW FAVOUR, STOLT GLORY AND STOLT STRENGTH TO LEGEND, GOLDEN IVY, GOLDEN CHARLOTTE, BOW CENTURY, STOLT GLORY AND STOLT STRENGTH TO SKIROPOULA 68232 1995 UKRAINE Y Y B&W 12.. USD SOLD TO DUBAI BASED BUYERS GENMAR ALEXANDRA 12262 1992 JAPAN Y Y B&W 11.5. USD SOLD TO UNDISCLOSED BUYERS 3

TULIN 28118 1992 JAPAN N N B&W - SOLD TO GREEK BUYERS ON PRIVATE TERMS Gas tanker Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment SUNWAY 4898 1991 JAPAN N N Mitsubishi 14.. USD SOLD TO SINGAPORE BASED BUYERS (PETREDEC) 4

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 21 429 2868 17 5455 355 164 4622 3271 1941 3111 2252 1628 Baltic Dry Index 1. 8. 6. 4. 2. 1/5/85 1/11/85 1/5/86 1/11/86 1/5/87 1/11/87 1/5/88 1/11/88 1/5/89 1/11/89 1/5/9 1/11/9 1/5/91 1/11/91 1/5/92 1/11/92 1/5/93 1/11/93 1/5/94 1/11/94 1/5/95 1/11/95 1/5/96 1/11/96 1/5/97 1/11/97 1/5/98 1/11/98 1/5/99 1/11/99 1/5/ 1/11/ 1/5/1 1/11/1 1/5/2 1/11/2 1/5/3 1/11/3 1/5/4 1/11/4 1/5/5 1/11/5 1/5/6 1/11/6 1/5/7 1/11/7 1/5/8 1/11/8 1/5/9 1/11/9 1/5/1 1/11/1 1/5/11 Baltic CapeSize Index 18. 16. 14. 12. 1. 8. 6. 4. 2. 1\8\ 1\11\ 1\2\1 1\5\1 1\8\1 1\11\1 1\2\2 1\5\2 1\8\2 1\11\2 1\2\3 1\5\3 1\8\3 1\11\3 1\2\4 1\5\4 1\8\4 1\11\4 1\2\5 1\5\5 1\8\5 1\11\5 1\2\6 1\5\6 1\8\6 1\11\6 1\2\7 1\5\7 1\8\7 1\11\7 1\2\8 1\5\8 1\8\8 1\11\8 1\2\9 1\5\9 1\8\9 1\11\9 1\2\1 1\5\1 1\8\1 1\11\1 1\2\11 Baltic Panamax Index 1. 8. 6. 4. 2. 1\8\ 1\11\ 1\2\1 1\5\1 1\8\1 1\11\1 1\2\2 1\5\2 1\8\2 1\11\2 1\2\3 1\5\3 1\8\3 1\11\3 1\2\4 1\5\4 1\8\4 1\11\4 1\2\5 1\5\5 1\8\5 1\11\5 1\2\6 1\5\6 1\8\6 1\11\6 1\2\7 1\5\7 1\8\7 1\11\7 1\2\8 1\5\8 1\8\8 1\11\8 1\2\9 1\5\9 1\8\9 1\11\9 1\2\1 1\5\1 1\8\1 1\11\1 1\2\11 Baltic Supramax - HandySize Index 3.5 3. 2.5 7. 6. 5. 2. 4. 1.5 1. 5 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 1\6\1 1\8\1 1\1\1 1\12\1 1\2\11 5

Secondhand Sales Statistics Current Secondhand Activity per / Size/ Invested Capital During 21 Secondhand Activity per / Size/ Invested Capital...during 29 A. Dry Size DWT Invested Capital DWT Invested Capital A. Dry 746 36.917.515 $9.39.259.5 B. Tanker 234 15.128.918 $4.835.815. A. Dry Total 1. Minibulk (up to 9,999 2. Handy (1, - 39,999 3. Handymax (4, - 59,999 4. Panamax (6, - 79,999 5. Capesize (8,+ 67 412.493 $513.9. 216 6.27.517 $2.389.33. 14 5.177.794 $2.396.765. 89 6.416.852 $2.162.71. 48 7.51.246 $1.661.5. 524 25.544.92 $9.124.25. C. Container 92 2.63.742 $685.825. D. Reefer 19 13.725 $18.42. E. RoRo Cargo/ Ferry/ Passenger 52 328.357 $369.22. F. Miscellaneous 21 721.397 $175.33. Grand Total 1.164 55.29.654 $15.564.869.5 Bulk Carriers Sales Per during 21 9 % CAPESIZE 17 % PANAMAX 2 % HANDYMAX 41 % HANDY 13 % MINIBULK 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,+ 75 416.965 $344.35. 134 4.549.51 $2.187.334. 16 1.134.535 $863.55. 41 4.24.32 $1.274.95. 19 2.96.657 $1.49.9. 27 7.72.311 $724.25. 2 6.18.382 $1.228.. Tankers Sales Per during 21 6 % ULCC 8 % VLCC 6 % SUEZMAX 12 % AFRAMAX 5 % PANAMAX 4 % PRODUCT 23 % MINITANK B. Tanker total 332 27.184.392 $7.672.19. C. Container Total 145 4.449.92 $2.92.82. D. Reefer Total 5 38.83 $22.1. E. RoRo Cargo/ Ferry/ Passenger Total 45 246.823 $749.898. F. Miscellaneou s Total 35 13.7 $729.3. Grand Total 1.86 57.594.82 $2.39.342. 6

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 $2.63.5. July-29 $1.325.12. January-29 $1.464.35. February- 29 $887.66. March-29 $894.335. August-29 $1.158.81. September- 29 $1.17.995. October-29 $1.375.31. November- 29 $1.33.69. December- 29 $1.355.18. $15.564.869.5 April-21 $2.45.395. May-21 $2.261.75. June-21 $2.773.265. July-21 $1.396.57. January-21 $2.16.4. February- 21 $1.397.35. March-21 $2.35.668. August-21 $1.184.5. September- 21 $1.692.95. October-21 $2.698.839. November- 21 $428.7. $2.39.342. Dry - Buyers' Nationality 19 % OTHER 3 % KOREA SOUTH 2 % SINGAPORE 3 % INDIA 1 % USA 2 % INDONESIA 1 % NORWAY 5 % TURKEY 2 % CHINA PEOPLE'S 2 % UNKNOWN 24 % GREECE Wet - Buyers' Nationality Invested Capital Graph - Invested Capital in Secondhand per month as of January 29 2.8.. 2.7.. 2.6.. 2.5.. 2.4.. 2.3.. 2.2.. 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 Buyer's Country 2/29 3/29 4/29 5/29 6/29 7/29 8/29 9/29 Invested Capital Per Month 1/29 11/29 12/29 Months Total Capital 1/21 2/21 3/21 4/21 No Of Buyers Nationality during 21 - Top 1 ( vessels per sector) A. Dry B. Tanker C. Container 5/21 6/21 7/21 8/21 D. Reefer 9/21 1/21 11/21 16 15 14 13 12 11 1 9 8 7 6 5 4 3 2 1 Grand Total GREECE 126 6 5 3 239 UNKNOWN 15 5 14 2 171 CHINA, PEOPLE'S 14 15 24 143 TURKEY 25 5 9 39 NORWAY 7 21 4 32 INDONESIA 1 16 3 29 USA. 4 19 1 24 INDIA 16 12 28 SINGAPORE 11 13 2 26 KOREA, SOUTH 15 8 3 26 Other 11 113 35 249 Grand Total 524 332 145 5 1.6 Vesels 34 % OTHER 2 % KOREA SOUTH 4 % SINGAPORE 4 % INDIA 6 % USA 5 % INDONESIA 6 % NORWAY 2 % TURKEY 5 % CHINA PEOPLE'S 15 % UNKNOWN 18 % GREECE Container - Buyers' Nationality 24 % OTHER 2 % KOREA SOUTH 1 % SINGAPORE % INDIA 1 % USA 2 % INDONESIA 3 % NORWAY 6 % TURKEY 17 % CHINA PEOPLE'S 1 % UNKNOWN 34 % GREECE Buyers Nationality during 21 - Top 1 (Invested Capital per sector) Buyer's Country A. Dry B. Tanker C. Container D. Reefer Grand Total GREECE 2.97.475. 1.838.85. 1.33.1. 12.9. 5.792.325. CHINA, PEOPLE'S 1.872.5. 182.82. 143.6. 2.198.47. UNKNOWN 1.187.58. 83.414. 169.2. 9.2. 2.196.394. USA. 111.1. 1.89.. 7.5. 1.27.6. NORWAY 123.4. 74.9. 96.1. 96.4. INDIA 41.9. 627.25. 1.29.15. GERMANY 221.2. 51.3. 21.5. 474.. KOREA, SOUTH 324.8. 53.75. 38.3. 416.85. SINGAPORE 92.95. 19.9. 6.6. 29.45. Other 1.832.25. 1.818.935. 52.35. 4.153.535. Grand Total 9.124.25. 7.672.19. 2.92.82. 22.1. 18.911.144. 7

New Building Orders Bulk Carriers Type Units Dwt Shipyard Reported Price Owner/ Manager Delivery Date BULK 2 34,5 ZHEJIANG YANGFAN - JOHN T. ESSBERGER 212 BULK 1 18, HYUNDAI H.I - DENSA SHIPPING 212 BULK 3 57, COSCO DALIAN - UNKOWN 212/213 BULK 1 82, SUNGDONG USD 37.. AKMAR 212 BULK 4 57, ZHEJIANG YANGFAN - ULUSOY 211/212 Other Dry Type Specific Units Dwt Shipyard Reported Price Owner/ Manager Delivery Date OTHER DRY CONTAINER 2 3,6 TEU SUNGDONG S.B - UNKONW 212 OTHER DRY CONTAINER 3 6,5 TEU STX SHIPBUILDING USD 8.5. SHIP. CORP OF INDIA 213 OTHER DRY CONTAINER 2 3,8 TEU SHANGHAI USD 5.. HAMBURG SUD 212 Tankers Type Specific Units Dwt Shipyard Reported Price Owner/ Manager Delivery Date TANKERS CRUDE 2 164, HYUNDAI H.I - GOULANDRIS 212 TANKERS CRUDE 2 112, HYUNDAI H.I - ARAB MARITIME PETROLEUM 212/213 8

Demolition Sales Type Vessel's Name DWT Built Country LDT Price/ ldt Sale's Comment REEFER BALAKLAVA II 5179 1978 JAPAN 32 428 SOLD TO INDIA RO- RO/PASSENGER RO- RO/PASSENGER GENERAL CARGO SNAV CAMPANIA 5341 1974 SNAV SICILIA 5341 1974 GERMANY, FEDERAL GERMANY, FEDERAL 11614 - SOLD TO INDIA ON PRIVATE TERMS 11588 - SOLD TO INDIA ON PRIVATE TERMS TIAN CHANG 7943 1978 JAPAN - - SOLD TO INDIA ON PRIVATE TERMS RO-RO CARGO AEGEAN SKY 9641 1974 NORWAY 614 - SOLD TO INDIA ON PRIVATE TERMS BC BUTET 17475 1978 JAPAN 555 426 SOLD TO BANGLADESH BC STAG 27348 1978 JAPAN 6837 43 SOLD TO CHINA TANKER MT PHOENIX 29999 1977 FINLAND - 468 SOLD TO INDIA TANKER ARTINA A 31 1981 KOREA, SOUTH 776 47 SOLD TO PAKISTAN TANKER SWAT 86593 1985 SPAIN 162 468 SOLD TO PAKISTAN A. Dry BC JIANMAO 1 12797 1981 KOREA, SOUTH 219 45 SOLD TO CHINA Demolition Statistics For 21 Current Demolition Activity per / Size 29 21 Size No Of DWT No Of DWT 1. Minibulk (up to 9,999 2. Handy (1, - 39,999 3. Handymax (4, - 59,999 4. Panamax (6, - 79,999 5. Capesize (8,+ 48 318.66 6 333.523 291 6.943.135 133 2.749.148 21 1.29.445 4 19.875 37 2.557.556 5 362.299 1 1.622.366 18 2.534.1 A. Dry Total 47 12.471.18 22 6.169.846 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 45 279.931 93 2.979.399 139 4.313.361 1 663.265 15 1..999 16 1.533.566 17 1.69.941 8 1.279.391 12 1.743.4 1 2.61.81 16 4.237.421 B. Tanker Total 16 9.18.356 244 13.184.657 C. Container Total 171 4.983.766 64 1.656.71 D. Reefer Total 34 346.276 36 29.582 E. RoRo Cargo/ Ferry/ Passenger Total 16 1.155.898 112 1.144.41 F. Miscellaneous Total 14 731.236 25 439.11 Grand Total 892 28.868.64 71 22.884.667 Please Note that dry trading combination carriers are included in the dry sector and wet trading ones in the tanker sector. 9

Country Demolition Activity by Country 29 21 DWT DWT BANGLADESH 18 9.817.661 74 4.714.989 BELGIUM 1 33.257 CHINA, PEOPLE'S 111 3.969.513 7 2.758.124 FAR EAST 1 2.79 INDIA 396 9.415.257 361 8.161.122 INDIAN OCEAN 1 4.258 INDONESIA 1 127.3 ' Average Age For Demolition 29 28 27 A. Dry 3,6 3,4 34,3 B. Tanker 26,5 28,9 29,4 C. Container 26,7 28,9 3,6 D. Reefer 28,9 3,3 33,1 E. RoRo Cargo/ Ferry/ Passenger 29,3 35,7 33,2 F. Miscellaneous 31,8 27,3 33 JAPAN 1 13.684 KOREA, SOUTH 1 8.45 MIDDLE EAST 1 41.483 PAKISTAN 78 2.751.893 59 3.862.13 SINGAPORE 1 47.559 1 68.157 TURKEY 1 64.629 12 12.668 U.A.E. (DUBAI) 1 22.94 UNKNOWN 111 2.59.84 121 3.122.169 Grand Total 892 28.868.64 71 22.884.667 Demolition of BCs by percentage for 29 12 % Minibulk 71 % Handy 5 % Handymax 9 % Panamax 2 % Capesize Demolition Activity By DWT Demolition Per Month dwt 4.8. 4.6. 4.4. 4.2. 4.. 3.8. 3.6. 3.4. 3.2. 3.. 2.8. 2.6. 2.4. 2.2. 2.. 1.8. 1.6. 1.4. 1.2. 12 115 11 15 1 95 9 85 8 75 7 65 6 55 5 45 4 35 3 no of vessels Demolition of Tankers by percentage for 29 1.. 8. 6. 4. 2. 25 2 15 1 5 14 % Minitank 58 % Product 6 % Panamax 1 % Aframax 5 % Suezmax 6 % VLCC % ULCC 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 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 1/21 11/21 Months Sum of DWT V essels Year Dry Demolition activity since 2 DWT of Dry Tankers DWT of Tankers DWT 2 281 7.362.791 148 13.48.779 488 21.634.323 21 417 11.755.937 136 15.439.165 644 28.126.556 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 79 1.518.916 173 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 47 12.471.18 16 9.18.356 892 28.868.64 21 22 6.169.846 244 13.184.657 71 22.884.667 1

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 PROSSIOS 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. 48, Aigialeias Street, 4 th Floor, Athens 151 25, Greece Tel: +3 21 45 24 5 Fax: +3 21 45 25 17/ 19 E-mail: snp@allied-shipbroking.gr ALLIED CHARTERING S.A. 48, Aigialeias Street, 4 th Floor, Athens 151 25, 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 11