Mar-1 Jun-1 Sep-1 Dec-1 Mar-2 Jun-2 Sep-2 Dec-2 Mar-3 Jun-3 Sep-3 Dec-3 Mar-4 Jun-4 Sep-4 Dec-4 Mar-5 Jun-5 Sep-5 Dec-5 Mar-6 Jun-6 Sep-6 Dec-6 Mar-7 Jun-7 Sep-7 Dec-7 Mar-8 Jun-8 Sep-8 Dec-8 Mar-9 Jun-9 Sep-9 Dec-9 Mar-1 Jun-1 Sep-1 Dec-1 Mar-11 12 1 17-19, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece Tel: 21 96597 - Fax: 21 89964 Internet Mail athenian@atheniansa.gr Monthly Report Baltic Dry Index March 211 8 6 4 2 PRICES TANKERS ($ MIO) 26 27 28 29 21 Mar-11 VLCC 5Y 117.2 136. 155.8 78. 87.8 83. VLCC 1Y 95.8 114.5 131. 59.5 64.3 59. SUEZMAX 5Y 81. 95.5 16. 57. 62.8 58. AFRAMAX 5Y 65.3 7. 76.8 4.5 44.5 4. AFRAMAX1Y 51.8 6. 64.7 23.5 3.7 28.5 PANAMAX5Y 55.5 6.4 61. 35.5 39. 35.5 45K 5Y D/H 47.3 53. 52.7 23.5 27.3 29. 45K 1Y D/H 38.9 44.7 43.2 16. 19.7 19. 45K 2Y 13.2 12.8 16. 4. 6.7 6.5 PRICES BULKERS ($ MIO) 26 27 28 29 21 Mar-11 CAPESIZE 5Y 81.2 148. 45.5 54.5 57. 46. CAPESIZE 1Y 61.8 13. 3. 45. 43. 37. CAPESIZE 15Y 43. 88.5 21. 28. 26. 23. CAPESIZE 2Y 21.3 6. 79. 16.5 16.4 17. PANAMAX 5Y 45.4 89. 25.5 35. 38.5 33.8 PANAMAX 1Y 37. 71.5 19. 27.5 31.6 27.5 PANAMAX 15Y 27.7 61. 12.5 22. 23.1 21. PANAMAX 2Y 16.1 44. 9.2 12. 13.8 15. SUPRAMAX 5Y 4. 74.5 24. 27.5 31.9 28.5 HANDYMAX1Y 32. 6.5 18.2 22. 24.7 2.8 HANDYMAX15Y 22.1 46. 13. 17.5 2. 17. HANDYMAX2Y 15.4 36. 7.4 11. 12. 11.
2 Second Hand Tonnage Market S&P Activity Dry (<5, Dwt) AVAILABLE FOR SALE REPORTED SOLD PREVIOUS MONTH AV/BLE FOR SALE" PREVIOUS MONTH SALES S&P Activity - Tankers (<5, Dwt) AVAILABLE FOR SALE REPORTED SOLD PREVIOUS MONTH AV/BLE PREVIOUS MONTH SALES 4 4 3 36 348 3 2 1 6 34 THIS MONTH - PREVIOUS MONTH 2 1 11 29 1 36 THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market - Second Hand units Ship Type Oct-1 Nov-1 Dec-1 Jan-11 Feb-11 Mar-11 Total BULK 53 73 33 36 35 63 293 TANK 29 4 3 25 36 33 193 GAS 2 11 4 1 9 36 CONT 12 13 1 9 17 13 74 TWEEN 4 5 1 2 12 REEF 1 1 1 1 1 3 8 RORO 5 7 2 4 2 2 FERRY 1 3 6 3 3 16 CRUISE 1 1 1 3 Total 98 15 92 79 18 128 655
3 Baltic Clean Tanker - Yearly 1 9 826 83 822 8 7 6 5 639 69 619 4 14 17 2 23 26 29 32 35 38 41 44 47 5 1 4 7 1 21 WEEK NO 211 Baltic Dirty Tanker - Yearly 115 15 95 111 161 147 85 75 813 65 681 66 55 14 17 2 23 26 29 32 35 38 41 44 47 5 2 5 8 11 21 WEEK NO 211 9 85 8 75 Baltic Clean Tanker - Monthly 799 791 89 843 11 15 1 95 9 149 Baltic Dirty Tanker - Monthly 158 119 113 936 7 1/3/211 8/3/211 15/3/211 22/3/211 29/3/211 85 1/3/211 8/3/211 15/3/211 22/3/211 29/3/211 TANKER SALES NAME DWT BLT PRICE $ BUYER CLIPPER BEAUNE 3491 25 BULGARIA DH 6.9 MIO ECUADORIAN RATHROWAN 459 1991 NETHERLANDS DH 4 MIO UNDISCLOSED (BITUMEN) NORDSTRAUM 474 1985 NORWAY DH 3.25 MIO RUSSIAN HENG ZHOU 65 27 CHINA DH 2.9 MIO BOSS ENERGY, AUSTRALIA CLIPPER BEAUNE 3491 25 BULGARIA DH 6.9 MIO ECUADORIAN VAL METAURO 7 1997 ITALIAN DH 8 MIO VROON, NETHERLANDS LUCKY 7 792 1992 JAPAN DB 1.28 MIO UNDISCLOSED (AUCTION) SOUTHERN SEAL 8319 2 JAPAN DH 8 MIO SINGAPOREAN ORIENTAL TULIP 128 2 JAPAN DH 9.5 MIO UNDISCLOSED STELLAR ACACIA 12332 211 JAPAN DH 21 MIO JAPANESE GOLDEN FLORENCE 1976 26 JAPAN DH 27 MIO JAPANESE BAKI AKAR 29998 1987 JAPAN SH 3.25 MIO UNDISCLOSED JUTUL 38177 24 KOREA DH 28 MIO MAERSK, DENMARK (ON SUBJECTS) SILVERIE 446 1991 JAPAN DB 5 MIO WEST AFRICAN CARIAD 44999 1996 SPAIN DH 11 MIO UNDISCLOSED SLS SHIPBUILDING 497 497 211 KOREA DH 34.75 MIO DUBAI MARE DI VENEZIA 51371 28 KOREA DH 33 MIO USA (ON SUBJECTS) CAPE TEES 73614 29 CHINA DH * ENBLOC BSS CAPE TALIN 73711 29 CHINA DH 8 MIO UNDISCLOSED (INCL 7 YRS BBB AT USD 1. PD) SCORPIUS 94225 1994 ITALY DH 12 MIO INDONESIAN GENMAR PROGRESS 96765 1991 JAPAN DH 8 MIO EUROTANKERS, GREECE KYTHIRA 17176 1997 JAPAN DH 21 MIO INDIAN URALS PRINCESS 11485 26 KOREA DH * ENBLOC BSS URALS STAR 11485 26 KOREA DH 85 MIO GREEK
4 TANKER SALES(Continue) NAME DWT BLT PRICE $ BUYER PACIFIC JASPER 269414 1995 JAPAN 17.5 MIO FAREASTERN MC AMETHYST 32 211 JAPAN DH 97 MIO SINOKOR, KOREA LILLEBORG 3643 1993 JAPAN DH 26 MIO GREEK EAGLE VIRGINIA 36999 22 KOREA DH 6 MIO EAGLE VERMONT 36999 22 KOREA DH 6 MIO FRONT EAGLE 3964 22 KOREA DH 67 MIO ICON CAPITAL, USA (INCL 7 YRS BBB TO AET) ICON CAPITAL, USA (INCL 7 YRS BBB TO AET) DOUBLE HULL TANKERS, USA (INCL 2 YRS TCB TO FRONTLINE AT USD 32.3 PD) GAS SALES NAME DWT BLT CBM PRICE $ BUYER MEROPE STAR 3811 26 TURKEY 3294 14 MIO VIKEN SHIPPING, NORWAY EMERALD STAR 7572 1992 ITALY 7393 3.1 MIO TRANSGAS, PERU (AUCTION IN GIBRALTAR) HYUNDAI MIPO 868 233 211 KOREA 343 * ENBLOC BSS HYUNDAI MIPO 869 233 212 KOREA 343 14 MIO NAVIGATOR GAS, SWITZERLAND DEWA MARU 67552 1984 JAPAN 126975 25 MIO NORWEGIAN BISHU MARUA 69991 1983 JAPAN 125929 23 MIO NORWEGIAN
$/Day $/Day 5 Spot Market - Tankers VLCC SUEZMAX AFRAMAX 735 635 535 435 335 235 135 35 42415 29558 1835 Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 Period Market - Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX 5 45 4 35 3 25 2 15 1 5 Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 315 215 1615 Baltic Handysize 87 82 791 77 72 736 759 67 75 62 1/3/211 8/3/211 15/3/211 22/3/211 29/3/211 Baltic Supramax 165 1612 16 155 1539 15 1481 1545 145 14 1418 2 135 13 1/3/211 8/3/211 15/3/211 22/3/211 29/3/211 23 22 2132 21 294 282 2 215 214 19 1858 18 17 1/3/211 8/3/211 15/3/211 22/3/211 29/3/211 Baltic Panamax Baltic Capesize 24 22 2 1891 1798 18 16 172 14 157 1756 12 1314 38 1 8 6 1/3/211 8/3/211 15/3/211 22/3/211 29/3/211
6 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER DENIZSAN II 4745 1995 TURKEY D 2X1, D 2X5 2.8 MIO UNDISCLOSED GV PRIMA 554 1982 JAPAN D 3X25.58 MIO GREEK AMARYLLIS 72 27 CHINA GLESS 5.3 MIO UNDISCLOSED GULLUK 1765 198 JAPAN D 4X25 2.2 MIO UNDISCLOSED BELLATRIX ID 22273 199 JAPAN CR 4X3 8.65 MIO UNDISCLOSED VOGE MAJA 24518 1996 JAPAN CR 3X25 14 MIO KOREAN THOR CONFIDENCE 249 1983 GERMANY CR 5X25 3.75 MIO CHINESE LIAN HUA 25486 1985 JAPAN CR 3X25,D 1X25 5.5 MIO KOREAN S1 MOON 27468 1984 JAPAN CR 4X25 3.5 MIO UNDISCLOSED (TWIN ENGINES) FEDERAL MATANE 27781 24 CHINA CR 3X3 19.9 MIO GREEK PANARROW 28442 29 JAPAN CR 4X31 28 MIO PNSC, PAKISTAN ATLANTIC ACE 28671 1999 JAPAN CR 4X31 16.9 MIO UNDISCLOSED MATARIKI FOREST 2879 27 JAPAN CR 4X3.5 18.75 MIO JAPANESE (AUCTION) FIDELITY 29152 1985 JAPAN CR2X3,CR1X25 4 MIO CHINESE PAN VOYAGER 29433 1985 KOERA CR 5X15 3.95 MIO GREEK OLYMPIC MENTOR 2967 1984 JAPAN CR 4X16 * ENBLOC BSS OLYMPIC MIRACLE 29693 1984 JAPAN CR 4X16 13 MIO GREEK EVDOXIA 375 1983 GREAT BRITAIN CR2X25,CR2X16 4.5 MIO CHINESE CHIOS VOYAGER 385 1984 GREAT BRITAIN CR 5X16 4.5 MIO UNDISCLOSED ABG 329 32 211 INDIA CR 4X3 21.69 MIO ABG 33 32 211 INDIA CR 4X3 21.69 MIO GLOBAL BULK CARRIERS, SINGAPORE GLOBAL BULK CARRIERS, SINGAPORE ASIAN TOMORROW 32411 29 KOREA CR 4X3 24.5 MIO UNDISCLOSED SHINYO VIYAGER 335 211 CHINA 23 MIO UNDISCLOSED PALOMA C 37614 1983 JAPAN CR 4X25 5.1 MIO CHINESE ADMIRAL T 4474 1988 CROATIA 4.75 MIO UNDISCLOSED(AUCTION) STAR PROVIDENCE 4698 1985 JAPAN CR 4X35 8.6 MIO CHINESE LEIKANGER 4149 1986 KOREA CR 4X3 * ENBLOC BSS LANGANGER 41425 1986 KOREA CR 4X3 18.7 MIO BANGLADESHI FURTRANS BULK 42 26 BULGARIA CR 4X3 25 MIO GREEK SHEN MING HONG 7 43214 1984 JAPAN CR 5X25 6 MIO UNDISCLOSED SILKY OCEAN 45665 1995 JAPAN CR 4X25 15.7 MIO CHINESE OCEANIC ANGEL 46777 1999 JAPAN CR 4X31 19.8 MIO GREEK OCEAN ISLAND 46745 1983 KOREA CR3X2,CR2X15 6.5 MIO CHINESE SONGA NOR 47369 1996 JAPAN CR 4X25 18 MIO UNDISCLOSED GLORIANA 5268 2 JAPAN CR 4X3 23 MIO UNDISCLOSED DUBAI JEWEL 52951 24 JAPAN 26.5 MIO UNDISCLOSED ABG 313 54 211 INDIA 27.98 MIO GLOBAL BULK CARRIERS, SINGAPORE OSW 1 57 21 CHINA * ENBLOC BSS OSW 2 57 21 CHINA * ENBLOC BSS OSW 4 57 21 CHINA * ENBLOC BSS OSW 5 57 21 CHINA 18 MIO CHINESE
7 BULKER SALES (Continue) NAME DWT BLT GEAR PRICE $ BUYER GLOBAL TREASURE 57295 211 CHINA 3.5 MIO GREEK GLOBAL INFINITY 577 211 CHINA 3 MIO GREEK SAKER 58 212 CHINA CR 4X35 3 MIO TURKISH LOWLANDS PATRASCHE 5879 27 PHILIPPINES CR 4X3 3.3 MIO SHIN KASADO K-26 61 211 JAPAN 36.3 MIO GLOBUS MARITIME LTD, GREECE (INCL BALANCE TC TILL 215 AT USD 16K PD) IKAROS SHIPPING, GREECE MIGHTY MICHALIS 62297 1983 SPAIN GLESS 6.2 MIO UNDISCLOSED ALABANDA 7444 1995 JAPAN GLESS 2.5 MIO FAR EASTERN MINERAL STAR 76286 25 JAPAN 32 MIO GREEK BUYERS JIANGSU NEW YANGZIJIANG 26-8 925 211 CHINA 34.5 MIO TEO SHIPPING, GREECE AO XING GE 93 211 CHINA 39.7 MIO KOREAN CAPE AZALEA 171846 1996 JAPAN 23 MIO CYPRUS MARITIME, GREECE NAMURA 316 174 211 JAPAN 56 MIO CERES, GREECE CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER MAKASSAR CARAKA JAYA NIAGA III 418 1998 INDIA 28.96 MIO INDONESIAN CEC ACCORD 52 1998 TURKEY CR 2X4 364 4 MIO INDONESIAN (ON SUBJECTS) HENRY SCHULTE 1131 2 CHINA GLESS 834 1 MIO SINOKOR, KOREA SINAR SOLO 15218 1999 JAPAN GLESS 16 11 MIO SAMUNDERA, INDONESIA PHUKET BRIDGE 1861 21 JAPAN GLESS 198 14.2 MIO UNDISCLOSED MARFRET DOUCE FRANCE 17145 24 GERMANY CR 2X45 128 19 MIO UNDISCLOSED RECIFE 22219 1991 JAPAN GLESS 138 3 MIO UNDISCLOSED MILLENIA TOWER 22734 199 JAPAN GLESS 144 3 MIO UNDISCLOSED NORDCLOUD 22384 1997 POLAND CR 3X4 1684 13.5 MIO GREEK (ON SUBJECTS) KOTA MAWAR 22494 1994 POLAND CR 3X4 1684 9.4 MIO USA BASED ESTEBROKER 33843 1999 GERMANY CR 3X45 2526 24 MIO GREEK SHIP FINANCE INTERNATIONAL, CMA CGM CORTE REAL 156898 21 KOREA 13344 171 MIO NORWAY (INCL 15 YRS TC BACK TO CMA CGM AT USD 5. PD WITH PURCHASE OPT.) SHIP FINANCE INTERNATIONAL, CMA CGM MAGELLAN 157254 21 KOREA 13344 171 MIO NORWAY (INCL 15 YRS TC BACK TO CMA CGM AT USD 5. PD WITH PURCHASE OPT.)
$/Day $/Day 8 45 4 35 3 25 2 15 1 5 Spot Market - Bulkers 1461 11545 198 Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 CAPESIZE PANAMAX HANDYMAX 4 35 3 25 2 15 1 5 Period Market - Bulkers 1 Year T/C Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 1811 17725 1375 CAPE PMAX HANDYMAX RORO SALES NAME GT BLT LM/CARS PAX PRICE $ BUYER BOUGAINVILLEA 1478 1992 JAPAN 39 CARS 412 3.3 MIO PHILIPPINO HIGH SPEED 1 448 1996 NETHERLANDS 152 CARS 726 6.34 MIO UNDISCLOSED FERRY HACHINOHE 563 1989 JAPAN 93 CARS 52 5.2 MIO INDONESIAN
$m $m 9 New building Market and Reported Contracts 14 12 1 8 6 4 2 Tanker Prices VLCC Suezmax Aframax 64.2 54 535.5 3 Mar-9 Jul-9 Nov-9 Mar-1 Jul-1 Nov-1 Mar-11 MR 12.5 1 8 7 6 5 4 3 2 1 Bulker Prices Capesize Panamax Handymax Handysize 54 5 33.5 31 26 Mar-9 Jul-9 Nov-9 Mar-1 Jul-1 Nov-1 Mar-11 Dry Bulk Orderbook Ship Type 211 (deliv) 211 212 213 214 215 216+ Total VLOC 8 3 4 2 6 96 Capesize 42 24 139 42 2 387 Small Cape 16 148 85 18 3 254 Panamax 32 241 351 11 16 79 Supramax 73 385 297 11 4 796 Handys 61 34 221 86 14 625 Total 232 1312 1133 377 45 2867 Tanker Orderbook Ship Type 211 (deliv) 211 212 213 214 215 216+ Total ULCC/VLCC 17 67 56 41 9 173 Suezmax 11 21 55 22 3 11 Aframax 12 62 55 15 3 135 Panamax 7 36 17 12 2 67 MR 17 81 82 19 1 183 Handy 2 26 23 7 4 6 Total 66 293 288 116 22 719 LPG Tank Orderbook Ship Type 211 (deliv) 211 212 213 214 215+ Total VLGC 3 4 6 13 LGC MR 2 3 2 5 Handy 8 8 1 1 1 28 Small 7 38 14 2 3 3 6 Total 9 52 28 18 4 4 16
m. dwt m. dwt No. of Vessels m. dwt 1 Newbuilding Sales 1 9 8 7 6 5 4 3 2 1 8 191 7 215 972 121 Tankers >1, dwt Bulkers >1, dwt Containerships 29 21 Mar-11 8 68 51 Delivery Schedule Bulkers >1, dwt. 14 12 Tankers >1, dwt 123 14 1 8 6 55.6 4.3 42.8 4 23.1 2 Mar-11 212 213+ Tanker Newbuildings on Order VLCC Suezmax 6 5 4 3 2 1 Aframax Products 56.2 23.2 17.8 14.8 5.8 3/3/211 Panamax Bulker Newbuildings on Order Capesize Panamax Handymax Handysize 14 123 12 1 76.5 8 6 44.6 25.6 4 2 3/3/211 Newbuilding Historical Prices ($m) Tankers Mar-11 21 29 28 27 26 25 24 23 21 1995 199 1985 31, DWT 1 12.5 14.8 97.5 15 145 13 12 18 77.1 69.9 85.3 87.4 2 38.2 17, DWT 1 64.2 66.3 61 9 9 8 71.5 71 51.4 46.3 54 66.1 11, DWT 1 54 56 49.5 74 72 65.5 58 6 41.4 36.3 43.3 53.2 47, DWT 1 35.5 36.1 35 46.5 52 47 43 39 31.4 26.2 33.2 Bulkers 18, DWT 1 54 57.2 55.5 87 96 67 58.5 64.5 48.2 35.8 42.3 6.2 29.3 73, DWT 1 33.5 34.3 34.5 45.5 54 39.5 36 37 27.1 2.3 27.9 3 13.4 45, DWT 31 31.1 29 41 47.5 37 31 3 24.1 18.4 24.1 25.3 12.4 29, DWT 26 26.3 24.5 31 34 27.5 25.5 24 18.1 14.2 19.2 21.3 9.7 3 32.1 2 28.2 2 18.1 3 13.3 1 Before 21 sizes to read 28, - 14, - 95, - 4, respectively for tankers and 15, - 69, for Bulkers 2 Single Hull 3 3, DWT (note: above is for vessels built Japan / Korea, you should also consider US$ / Yen relation for the years mentioned)
11 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Bulk 352 Samho Tongyoung Jan-12 Manta Denizcilik Bulk 352 Samho Tongyoung Mar-12 Manta Denizcilik Bulk 36 Hyundai Mipo 213 Daiichi Chuo Bulk 36 Hyundai Mipo 213 Daiichi Chuo Bulk 36 Hyundai Mipo 213 Daiichi Chuo Bulk 556 Hyundai Vinashin Aug-12 HI Investments Bulk 556 Hyundai Vinashin Nov-12 HI Investments Bulk 57 Jinling Shipyard 212 Shandong Shipping Bulk 57 Jinling Shipyard 212 Shandong Shipping Bulk 82 Sungdong S.B. 212 35 Mio Unknown Turkish Bulk 82 Sungdong S.B. 212 35 Mio Unknown Greek Owner Bulk 82 Sungdong S.B. 212 35 Mio Unknown Greek Owner Bulk 82 Sungdong S.B. 212 35 Mio Unknown Turkish Option Bulk 82 Sungdong S.B. 213 35 Mio Unknown Greek Owner Option Bulk 82 Sungdong S.B. 213 35 Mio Unknown Greek Owner Option Bulk 18 Beihai Shipyard 212 Shandong Shipping Bulk 18 Beihai Shipyard 212 Shandong Shipping Bulk 18 Beihai Shipyard 212 Shandong Shipping Cont 585 Sungdong S.B. 213 Tsakos Shpg. & Trad. 47 Teu Cont 585 Sungdong S.B. 213 Tsakos Shpg. & Trad. 47 Teu Cont 12 Hyundai H.I. 213 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 213 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 213 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 213 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 213 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 214 Hamburg-Sud 97 Teu Cont 12 Hyundai H.I. 214 Hamburg-Sud 97 Teu (Option) Cont 12 Hyundai H.I. 214 Hamburg-Sud 97 Teu (Option) Cont 12 Hyundai H.I. 214 Hamburg-Sud 97 Teu (Option) Cont 12 Hyundai H.I. 214 Hamburg-Sud 97 Teu (Option) Cont 115 Hyundai H.I. 213 118 Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I. 213 118 Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I. 213 118 Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I. 213 118 Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I. 213 118 Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I. 214 118 Mio Hamburg-Sud 97 Teu Cont 115 Hyundai H.I. 214 118 Mio Hamburg-Sud 97 Teu (Option) Cont 115 Hyundai H.I. 214 118 Mio Hamburg-Sud 97 Teu (Option) Cont 14 Samsung H.I. 213 136 Mio OOCL 13 Teu Cont 14 Samsung H.I. 213 136 Mio OOCL 13 Teu Cont 14 Samsung H.I. 213 136 Mio OOCL 13 Teu Cont 14 Samsung H.I. 213 136 Mio OOCL 13 Teu Cont 14 Samsung H.I. 213 136 Mio OOCL 13 Teu Cont 14 Samsung H.I. 213 136 Mio OOCL 13 Teu Cont 14 Samsung H.I. 214 136 Mio OOCL 13 Teu (Option) Cont 14 Samsung H.I. 214 136 Mio OOCL 13 Teu (Option) Cont 14 Samsung H.I. 214 136 Mio OOCL 13 Teu (Option) Cont 14 Samsung H.I. 214 136 Mio OOCL 13 Teu (Option) Cont 165 Daewoo 213 19 Mio Maersk Line 18 Teu Cont 165 Daewoo 213 19 Mio Maersk Line 18 Teu Cont 165 Daewoo 213 19 Mio Maersk Line 18 Teu Cont 165 Daewoo 213 19 Mio Maersk Line 18 Teu Cont 165 Daewoo 213 19 Mio Maersk Line 18 Teu Cont 165 Daewoo 214 19 Mio Maersk Line 18 Teu Cont 165 Daewoo 214 19 Mio Maersk Line 18 Teu
12 The Shipbuilding Market (Continue) TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Cont 165 Daewoo 214 19 Mio Maersk Line 18 Teu Cont 165 Daewoo 214 19 Mio Maersk Line 18 Teu Cont 165 Daewoo 214 19 Mio Maersk Line 18 Teu Cont 165 Daewoo 215 19 Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo 215 19 Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo 215 19 Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo 215 19 Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo 215 19 Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo 216 19 Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo 216 19 Mio Maersk Line 18 Teu (Option) Cont 165 Daewoo 216 19 Mio Maersk Line 18 Teu (Option) Drilling Tender COSCO Nantong Mar-13 112.5 Mio Seadrill Drilling Tender COSCO Nantong Sep-13 112.5 Mio Seadrill Drillship Hyundai H.I. May-14 615 Mio Noble Corporation FPSO 155 Hyundai H.I. May-16 Unknown FSO 135 Fincantieri May-11 Fincantieri FSO Ras Laffan Oct-12 Qatar Petroleum Jackup Drill Lamprell Sharjah Feb-11 Greatship Idia Ltd Jackup Drill Lamprell Sharjah Oct-12 Greatship India Ltd Jackup Drill AMFELS Mar-13 195 Mio Perforadora Central Jackup Drill Keppel Fels Mar-13 21 Mio Japan Drilling Co. Jackup Drill Jurong Shipyard Aug-13 53 Mio Seadrill L.P.G. 35 Shitanoe Zosen Apr-12 Berlian Laju Tanker L.P.G. 35 Shitanoe Zosen May-12 Berlian Laju Tanker L.P.G. 35 Shitanoe Zosen Jun-12 Berlian Laju Tanker LNG 8 Mitsubishi H.I. 214 Nippon Yusen Kaisha MPP 23 Ferus Smit 213 Wagenborg Shpg. B.V. 9 Teu MPP 23 Ferus Smit 214 Wagenborg Shpg. B.V. 9 Teu Pass/Car F. 6 Mitsubishi H.I. Jul-12 Shin Nippon Ferry Pass/Car F. 6 Mitsubishi H.I. Oct-12 Shin Nippon Ferry RoRo/Cont 26 Hyundai Mipo 212 68.57 Mio Nat. Shpg.Of S.Arabia RoRo/Cont 26 Hyundai Mipo 213 68.57 Mio Nat. Shpg.Of S.Arabia RoRo/Cont 26 Hyundai Mipo 213 68.57 Mio Nat. Shpg.Of S.Arabia RoRo/Cont 26 Hyundai Mipo 213 68.57 Mio Nat. Shpg.Of S.Arabia RoRo/Cont 26 Hyundai Mipo 213 68.57 Mio Nat. Shpg.Of S.Arabia Option RoRo/Cont 26 Hyundai Mipo 213 68.57 Mio Nat. Shpg.Of S.Arabia Option
13 Demolition Market Demolition Prices Gen Cargo Tanker India USD 475 /lt Ldt USD 51 /lt Ldt Bangladesh USD 485 /lt Ldt USD 495 /lt Ldt Pakistan USD 47 /lt Ldt USD 49 /lt Ldt China USD 43 /lt Ldt USD 45 /lt Ldt Demolition historical average prices $ 78 73 68 63 58 53 48 43 38 33 28 23 18 485 485 486 Tankers 28 29 21 211 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $ 73 68 63 58 53 48 43 38 33 28 23 18 455 447 465 Bulkers 28 29 21 211 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Year 14 211 21 29 28 27 26 25 24 23 22 21 2 1999 1998 1997 1996 1995 1994 1993 1992 1991 199 1989 1988 1987 1986 1985 1984 1983 1982 1981 5 3.8 2.35 4.6 5.5 6.5 4.9 7.7 1 12 13.4 Total Demolition 14.5 15.6 15.5 18 18.9 16.7 15.9 22.4 25 25.7 25.6 27 28.9 28.5 28.4 26.9 27 28.65 5 1 15 2 25 3 35 4 Million dwt 3.5 38 India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK HAMOUDI F 815 1976 32 49 BULK SUN SUMA 3854 1978 1845 51 BULK ELBIA 141 1978 384 385 Asis Cape Town BULK SANTA CATARINA 2916 1978 694 453 BULK THOR TRANSPORTER 2393 1986 8355 54 BULK CHANDI PRASAD 131987 1981 2542 481 Asis Spore with 6 T IFO RoB TANK PENELOPE 15329 1996 6964 52 TANK AKTI N 38625 1982 933 49 TANK CHAMPION 3884 1983 9855 495 Old Sale TANK RAINBOW I 22651 1983 5928 491 TANK BOW PUMA 39512 1986 9477 533 GAS BENE NIKI 55173 1978 297 53 GAS CASTORGAS 692 1982 3985 54 RORO SIAM PROJECT 128 1982 566 485 RORO FAIRMAST 652 1983 3966 434 RORO SEAWAY NO. 6 1785 1989 884 452 RORO NAESBORG 22691 1976 14811 5 Asis Spore Incl T RoB + Aluminium
15 India (Continue) TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS TWEEN KAMNIK 1843 1977 3138 455 TWEEN HIBISCUS ONE 5672 1978 238 483 TWEEN CAPE SYROS 14948 1978 446 481 TWEEN LAUTAN ARAFURA 12487 1979 5515 448 TWEEN KING WILL 19786 1979 7783 499 TWEEN ELEANA 15642 1981 6284 57 TWEEN SEAWAY NO. 5 16979 1991 681 445 CONT DUBAI DISCOVERY 1644 1984 115 435 CONT MSC SHAULA 19974 1977 992 452 CONT MSC CHITRA 38485 198 427 REEF FIONA 5232 1986 2385 472 Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK ITC DRAGON 2788 1977 666 5 BULK SLAVIANKA 25775 1978 659 38 BULK MATRIX 136211 1981 17556 515 BULK GOOD NEWS 13849 1982 2951 53 BULK ITC EXPRESS 4538 1982 1352 5 BULK SOUND PROODOS 3563 1982 7612 515 BULK OCEAN PARK 166658 1986 2542 45 Asis S. Korea Dely end 5/211 TANK TULIN 28118 1992 32779 53 China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK KUN PENG 28846 1978 7125 438 BULK XIN DONG DA 4475 1978 923 432 BULK XIANG HE 1 6123 198 11547 445 BULK CAPE SANTA MILAGRIA 139816 1985 21447 465 BULK CHINA PROSPERITY 15113 1986 24597 475 BULK DOCEBAY 15238 1986 2181 466 Incl 733 T RoB BULK DOCERIVER 15585 1986 2144 476 Incl 843 T RoB BULK LAMBERT MARU 197981 1986 23 475 COMBO EVER EXPRESS 78585 1983 1726 49 TANK ANTONIS A 39711 1982 9739 46 TWEEN SAN FONG 15762 1978 6453 435
16 Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK YAMAK TRADER 18737 1977 4461 453 BULK RILA 25899 1977 7653 468 Incl 75T RoB BULK TJ ANDROMEDA 38931 1977 817 442 TANK FAHRA 585 1973 1984 456 TANK IRAN BEHESHTI 38411 1979 935 47 TWEEN BRIGHT STAR 1 153 1977 47 449 Turkey TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK TWIN 297 1971 129 292
$/Barrel 17 Market Indicators 1.8 1.6 1.4 1.2 1..8.6.4.2. Currencies USD-EURO USD-YEN 1/4/1 1/6/1 1/8/1 1/1/1 1/12/1 1/2/11 1/4/11 115 11 15 1 95 9 85 8 14. Brent Oil 12. 1. 8. 6. 4. 2.. 1/4/1 1/7/1 1/1/1 1/1/11 1/4/11 GBP CAD EUR JPY CHF USD AUD GBP 1.6416.8794.7528.6769.6238.6432 CAD 1.5593 1 1.3711.11737 1.553.9725 1.27 EUR 1.1373.7296 1.8561.7697.793.7314 JPY 132.871 85.2369 116.836 1 89.9243 82.8699 85.4441 CHF 1.4778.948 1.2994.11123 1.9217.954 USD 1.634 1.286 1.499.1269 1.852 1 1.311 AUD 1.5553.9977 1.3676.1177 1.526.97 1 * Values 31/3/211
18 Stock Watch NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW NewLead Holdings NEWL 2.23 2.44-8.6 12.6 2.5 Capital Product CPLP Partners 1.61 9.9 7.2 1.81 5.31 Diana Shipping DSX 11.84 12.19-2.9 16.13 1.75 Dryships DRYS 4.95 4.87 1.6 6.82 3.28 Eagle Bulk EGLE 3.62 4.16-13 5.97 3.62 Euroseas ESEA 4.83 3.93 22.9 5.28 3.2 Excel Martime EXM 4.29 5.9-15.7 7.5 4.4 Freeseas FREE 2.78 3.4-8.6 7.45 2.72 Genco Shipping&Trading GNK 1.77 11.98-1.1 24.52 1.69 General Maritime GMR 2.5 2.7-24.1 8.82 1.75 Goldenport GPRT 112 113.75-1.5 14 12.5 Navios NM 5.7 5.68.4 7.55 4.38 Omega Navigation ONAV.997 1.19-16.2 3.5.98 Paragon PRGN 2.92 3.14-7 5.5 2.83 Safe Bulkers SB 9.6 9.11 -.5 9.69 6.5 Star Bulk SBLK 2.4 2.6-7.7 3.23 2.21 Stealthgas GASS 6.29 6.72-6.4 8.8 3.93 TEN TNP 1.98 9.77 12.4 16.87 8.96 TOP Ships TOPS.73.941-22.4 1.3.62 * 31/3/11 closing values Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein. Kind Regards, Athenian Shipbrokers S.A.