Monday, July 19, Week 29 The Week at a Glance

Monday, July 19, 21 - Week 29 The Week at a Glance No more bets please We have read that Goldman Sachs has to pay a fine of USD 55 million for the settlement of the well known case. Some players were expecting the fine to be much higher, maybe up to USD 1 billion. In any case, such endings prove that money markets and capital markets have become a huge casino and derivatives are not what most economists believe and promote that they are, a hedging tool. We would say that they are rather a betting tool! In more trade/ shipping news, the incident with the oil spill and explosion at the Dalian port in China has caused 8 to 9% of the ports berths to shut causing iron ore and grain discharge operations to stop. Done but Failed True or False: The 1996 built handy SANTA CHRISTINA has been reported sold. We understand that the vessel is neither sold nor for sale for the time being. Greek Listed Companies Last Fridays Closing Weekly Difference NYSE 679,51-99,2 Baltic Dry Indices* Last Fridays Closing Weekly Difference Baltic Dry Index 172-182 Baltic Cape index 1676-426 Baltic Panamax Index 292 148 Baltic Supramax Index Baltic HandySize Index VLCC 3, SUEZMAX 15, AFRAMAX 113, PANAMAX 72, PRODUCT 47, CAPESIZE 175, KAMSARMA X 81, SUPRAMAX XS 5, HANDYSIZE 28, 1669-148 944-59 Newbuilding Prices 4/21 5/21 6/21 7/21 $15 $15 $15 $11 $6 $6 $6 $7 $5 $5 $5 $55 $42 $42 $42 $45 $35 $35 $35 $35 $58 $58 $58 $6 $35 $36 $36 $38 $31 $31 $31 $34 $26 $26 $26 $28 Brent Prices NASDAQ 2179,5-17,4 Dry Ships 3,91, Genmar 5,85,19 Excel (merged with Quintana) 4,95 -,13 Diana 13,2,62 Top Ships,86,5 TEN 14,26,9 Currencies* Last Fridays Closing Weekly Difference Stealth Gas 4,44,4 EURO/USD 1,2936,3 Capital Product Partners 8,64,16 USD/JPY 86,64-2, Euroseas 3,62,21 USD/CNY 6,7755, Danaos 3,78 -,18 ISO Certified by Germanischer Lloyd *The above tables show last Friday's closing including the weekly balance. Copyright by Allied Shipbroking Inc

Comments 7, Filonos Street, 7th Floor, Piraeus 185 35, Greece Secondhand Sales Dry SIZE INDEX W-O-W CHANGE AVG T/C RATES W-O-W CHANGE TREND BDI 172-182 CAPESIZE 1676-426 12.496-5.148 WEAKER PANAMAX 292 148 16.839 1.16 FIRMER SUPRAMAX 1669-148 17,448-1.551 WEAKER HANDYSIZE 944-59 13,859-877 WEAKER Bulk Carrier Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment HAKKI DEVAL 15775 1979 BRAZIL 4 X 1t CRANES B&W 2.5. USD SERRA DEVAL 15786 198 BRAZIL 4 X 7t CRANES B&W 2.5. USD SOLD EN BLOC WITH SERRA DEVAL TO SYRIAN BUYERS (YAMAK) - RGN USD 5.. EN BLOC SOLD EN BLOC WITH HAKKI DEVAL TO SYRIAN BUYERS (YAMAK) - RGN USD 5.. EN BLOC S1 MOON 27468 1984 JAPAN 4 X 28t CRANES Hanshin 5.5. USD SOLD TO UNDISCLOSED BUYERS IMABARI RESALE 285 8/ 21 JAPAN - 3.2. USD SOLD TO GREEK BUYERS JIN GLORY 333 21 KOREA, SOUTH 4 X 3t CRANES MAN-B&W 3.. USD JIN ORIENT 333 21 KOREA, SOUTH 4 X 3t CRANES MAN-B&W 3.. USD SOLD EN BLOC WITH JIN ORIENT TO UNDISCLOSED BUYERS - RGN USD 6.. EN BLOC SOLD EN BLOC WITH JIN GLORY TO UNDISCLOSED BUYERS - RGN USD 6.. EN BLOC SMOOTH RISE 1 4161 1984 JAPAN 4 X 25t CRANES Sulzer 9.. USD SOLD TO INDONESIAN BUYERS TAMARUGAL 4679 2 JAPAN 4 X 3t CRANES Mitsubishi 25.1. USD SOLD TO GREEK BUYERS OCEAN PRELUDE 68541 1995 JAPAN 4 X 3t CRANES Sulzer 22.. USD SOLD TO INDIAN BUYERS (PALONJI) Container Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment VESTFOLD 19984 1992 NETHERLANDS 1646 Stork-Werkspoor 6.5. USD SOLD TO UNDISCLOSED BUYERS SANTA CARLOTTA 417 2 KOREA, SOUTH 343 3 X 45t CRANES, 1 X 35t CRANES Sulzer 36.5. USD SANTA CELINA 459 21 KOREA, SOUTH 343 4 X 45t CRANES Sulzer 36.5. USD SANTA CATALINA SANTA CAROLINA 412 21 KOREA, SOUTH 343 4 X 45t CRANES Sulzer 36.5. USD 4125 2 KOREA, SOUTH 343 4 X 45t CRANES Sulzer 36.5. USD SOLD EN BLOC WITH SANTA CAROLINA, SANTA CATALINA, SANTA CELINA AND SANTA CRISTINA TO GREEK BUYERS (METROSTAR) - RGN USD 182.5. EN BLOC SOLD EN BLOC WITH SANTA CARLOTTA, SANTA CAROLINA, SANTA CATALINA AND SANTA CRISTINA TO GREEK BUYERS (METROSTAR) - RGN USD 182.5. EN BLOC SOLD EN BLOC WITH SANTA CARLOTTA, SANTA CAROLINA, SANTA CELINA AND SANTA CRISTINA TO GREEK BUYERS (METROSTAR) - RGN USD 182.5. EN BLOC SOLD EN BLOC WITH SANTA CARLOTTA, SANTA CATALINA, SANTA CELINA AND SANTA CRISTINA TO GREEK BUYERS (METROSTAR) - RGN USD 182.5. EN BLOC General cargo Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment MARTINA M 516 1984 JAPAN 56 3 X 15t DERRICKS Hanshin 1.. USD SOLD TO UNDISCLOSED BUYERS LUCKY STELLA 6959 22 JAPAN 2 X 3t CRANES, 1 X 3t DERRICKS B&W 7.8. USD SOLD TO TAIWANESE BUYERS SEAWAY NO.2 8747 1997 JAPAN 3 X 25t CRANES B&W 5.5. USD SOLD TO S.KOREAN BUYERS ASIAN SPIRIT 1762 1997 JAPAN 2 X 3,5t CRANES, 1 X 3t DERRICKS B&W 8.. USD SOLD TO S.KOREAN BUYERS 2

7, Filonos Street, 7th Floor, Piraeus 185 35, Greece Offshore Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment SEABED VIKING (PSV) COCHIN BY-81 (PSV) COCHIN BY-82 (PSV) Offshore/tug 3735 21 TURKEY M.T.U. 48.5. USD 48 21 INDIA Wartsila 54.. USD 48 21 INDIA Wartsila 54.. USD Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment GREATSHIP ABHA 245 29 SRI LANKA MaK - SOLD TO NORWEGIAN BUYERS (FARTAD SHIPPING) SOLD EN BLOC WITH COCHIN BY-82 TO UNDISCLOSED BUYERS - RGN USD 14.. EN BLOC SOLD EN BLOC WITH COCHIN BY-81 TO UNDISCLOSED BUYERS - RGN USD 14.. EN BLOC SOLD TO UNDISCLOSED BUYERS ON PRIVATE TERMS 3

Comments 7, Filonos Street, 7th Floor, Piraeus 185 35, Greece SIZE INDEX W-O-W CHANGE BDTI 832 36 BCTI 837 24 Wet SIZE AVG SPOT EARNINGS W-O-W CHANGE AVG T/C RATES BSS 1 YR TREND VLCC $ 22,5. -4% 45. WEAKER SUEZMAX $ 29,. 65% 32. FIRMER AFRAMAX $ 16,. 33% 2. FIRMER CLEAN MR $ 12,. 9% 13.5 FIRMER Tanker Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment ANDINO PARK (coated, IMO III/II) FREJA SPRING (coated, IMO III) 913 1989 JAPAN Y Y Mitsubishi 3.5. USD SOLD TO FAR EASTERN BUYERS 4711 1999 JAPAN Y Y B&W 17.25. USD SOLD TO INDIAN BUYERS (SANMAR) SUBJECT INSPECTION SUN ROSE 95621 1993 JAPAN Y Y Sulzer 1.8. USD SOLD TO UNDISCLOSED BUYERS HYUNDAI BANNER Gas tanker 28174 1996 KOREA, SOUTH N N Sulzer 26.5. USD SOLD TO NETHERLAND BASED BUYERS (SBM OFFSHORE) Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment SYRACUSE 3785 1992 JAPAN N N B&W - SOLD TO THAILAND BASED BUYERS (SEAMANSHIP) ON PRIVATE TERMS 4

7, Filonos Street, 7th Floor, Piraeus 185 35, Greece 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 21 429 367 17 5455 3641 164 4622 3616 1941 3111 2467 1669 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 1/1/11 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 1\6\1 1\8\1 1\1\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 1\6\1 1\8\1 1\1\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 1\6\1 1\8\1 1\1\1 5

7, Filonos Street, 7th Floor, Piraeus 185 35, Greece 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 739 35.491.41 $9.319.759.5 B. Tanker 24 16.598.946 $4.96.815. 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,+ 45 29.488 $16.15. 142 3.963.648 $1.57.48. 73 3.659.23 $1.671.215. 62 4.466.684 $1.447.1. 35 5.549.622 $1.187.75. 357 17.929.672 $5.919.65. C. Container 92 2.63.82 $685.825. D. Reefer 19 13.725 $18.42. E. RoRo Cargo/ Ferry/ Passenger 53 345.447 $373.22. F. Miscellaneous 21 721.397 $175.33. Grand Total 1.164 55.351.736 $15.569.369.5 Bulk Carriers Sales Per during 21 1 % CAPESIZE 17 % PANAMAX 2 % HANDYMAX 4 % 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,+ 54 275.925 $246.385. 8 2.767.98 $1.483.275. 1 712.234 $722.55. 24 2.418.71 $654.5. 18 2.87.613 $1.29.9. 14 3.956.64 $511.1. 15 4.644.529 $1.64.. Tankers Sales Per during 21 7 % ULCC 7 % VLCC 8 % SUEZMAX 11 % AFRAMAX 5 % PANAMAX 37 % PRODUCT 25 % MINITANK B. Tanker total 215 17.582.992 $5.711.71. C. Container Total 17 3.237.74 $1.61.37. D. Reefer Total 4 32.98 $14.1. E. RoRo Cargo/ Ferry/ Passenger Total 28 154.444 $264.298. F. Miscellaneou s Total 22 93.951 $48.8. Grand Total 733 39.31.113 $13.928.883. 6

7, Filonos Street, 7th Floor, Piraeus 185 35, Greece 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 $1.36.512. 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 $1.398.31. November- 29 $1.33.69. December- 29 $1.355.18. $15.569.369.5 January-21 $2.16.4. February- 21 $1.397.35. March-21 $2.35.668. April-21 $2.45.395. May-21 $2.261.75. June-21 $2.737.165. July-21 $976.2. $13.928.883. Dry - Buyers' Nationality 19 % OTHER 3 % KOREA SOUTH 2 % INDIA 1 % GERMANY 1 % USA 1 % NORWAY 2 % INDONESIA 5 % TURKEY 22 % CHINA PEOPLE'S REPUBLIC OF 2 % UNKNOWN Wet - Buyers' Nationality 38 % OTHER 1 % KOREA SOUTH 4 % INDIA 2 % GERMANY 6 % USA 7 % NORWAY 6 % INDONESIA 2 % TURKEY 4 % CHINA PEOPLE'S REPUBLIC OF 14 % UNKNOWN 17 % GREECE Container - Buyers' Nationality 16 % OTHER 3 % KOREA SOUTH % INDIA 7 % GERMANY 1 % USA 3 % NORWAY 3 % INDONESIA 8 % TURKEY 2 % CHINA PEOPLE'S REPUBLIC OF 12 % UNKNOWN Invested Capital Graph - Invested Capital in Secondhand per month as of January 29 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 2/29 3/29 4/29 5/29 6/29 7/29 Invested Capital Per Month 8/29 9/29 1/29 Months Total Capital 11/29 12/29 1/21 No Of Buyers Nationality during 21 - Top 1 ( vessels per sector) B. Tanker C. Container D. Reefer Buyer's Country A. Dry Grand Total GREECE 87 37 29 3 156 UNKNOWN 7 3 13 1 114 CHINA, PEOPLE'S REPUBLIC OF 79 8 21 18 TURKEY 17 4 9 3 INDONESIA 7 12 3 22 NORWAY 3 15 3 21 USA. 3 13 1 17 GERMANY 4 4 8 16 INDIA 8 8 16 KOREA, SOUTH 1 3 3 16 Other 69 81 17 167 Grand Total 357 215 17 4 683 Buyers Nationality during 21 - Top 1 (Invested Capital per sector) B. Tanker C. Container D. Reefer Buyer's Country A. Dry Grand Total GREECE 1.999.725. 1.55.. 768.5. 12.9. 4.286.125. UNKNOWN 827.28. 56.55. 169.2. 1.2. 1.558.23. CHINA, PEOPLE'S REPUBLIC OF 1.444.2. 87.8. 99.15. 1.631.15. USA. 76.1. 753.. 7.5. 836.6. INDIA 247.1. 536.25. 783.35. NORWAY 13.4. 536.9. 45.6. 685.9. TURKEY 133.3. 14.1. 74.7. 347.47. GERMANY 98.8. 51.3. 119.5. 269.6. U.A.E. (DUBAI) 9.. 225.935. 234.935. Other 777.75. 1.391.26. 266.55. 2.435.56. Grand Total 5.919.65. 5.711.71. 1.61.37. 14.1. 13.255.785. 2/21 3/21 4/21 5/21 6/21 7/21 16 15 14 13 12 11 1 9 8 7 6 5 4 3 2 1 Vesels 7

7, Filonos Street, 7th Floor, Piraeus 185 35, Greece Demolition Sales Type Vessel's Name DWT Built Country LDT Price/ ldt Sale's Comment RO-RO CARGO KEN 3526 1977 JAPAN 3468 - SOLD TO UNDISCLOSED BREAKERS ON PRIVATE TERMS GENERAL CARGO GENERAL CARGO GEA 5228 1979 SINGAPORE 1945 - SOLD TO UNDISCLOSED BREAKERS ON PRIVATE TERMS SACHA 616 1978 SPAIN 2158 - SOLD TO UNDISCLOSED BREAKERS ON PRIVATE TERMS CONTAINER MACEDON 681 1983 RO-RO CARGO NICEA 6128 1987 GERMANY, FEDERAL REPUBLIC OF GERMAN DEMOCRATIC REPUBLIC 2415-4282 212 SOLD TO TURKEY SOLD TO UNDISCLOSED BREAKERS ON PRIVATE TERMS ON "AS IS SINGAPORE DELIVERY UNDER TOW RO-RO CARGO BALTIC EAGER 945 1979 FINLAND - - SOLD TO UNDISCLSOED BREAKERS ON PRIVATE TERMS RO-RO CARGO TOR MINERVA 14522 1978 SWEDEN - 378 SOLD TO INDIA RO-RO CARGO PACIFIC BREEZE 17271 1986 JAPAN - - SOLD TO UNDISCLOSED BREAKERS ON PRIVATE TERMS GENERAL CARGO RO-RO CARGO KOLA 19943 1983 FINLAND - - SOLD TO INDIA ON PRIVATE TERMS NILEDUTCH PROSPECTOR 22447 1981 FINLAND 15 - SOLD TO INDIA ON PRIVATE TERMS BC DONG SHAN LING 2294 1978 JAPAN - 38 SOLD TO INDIA (VSL'S CURRENT NAME:JAN LIN) BC VERGINA 34388 1975 JAPAN 7791 345 SOLD TO CHINA BC HAINA A 36764 1977 JAPAN 7781 - SOLD TO UNDISCLOSED BREAKERS ON PRIVATE TERMS TANKER OVERSEAS PHILADELPHIA 43648 1982 UNITED STATES OF AMERICA 1257 - SOLD TO INDIA TANKER CHAMPION BRALI 49274 1985 KOREA, SOUTH 1376 435 SOLD TO INDIA BC CAPE ATHENS 139469 1981 JAPAN 19231 45 SOLD TO INDIA 8

7, Filonos Street, 7th Floor, Piraeus 185 35, Greece Demolition Statistics For 21 Current Demolition Activity per / Size A. Dry 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,+ 47 314.881 4 219.956 291 6.95.29 92 1.873.939 21 1.29.445 4 19.875 37 2.557.556 3 22.57 9 1.527.368 6 817.41 A. Dry Total 45 12.379.459 145 3.322.75 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 29 183.295 93 2.979.399 95 3.3.168 1 663.265 9 67.682 17 1.628.564 1 963.179 8 1.279.391 7 1.39.65 1 2.61.81 14 3.741.337 B. Tanker Total 161 9.275.354 164 9.564.726 C. Container Total 171 4.983.766 53 1.358.934 D. Reefer Total 34 346.276 24 189.69 E. RoRo Cargo/ Ferry/ Passenger Total 17 1.159.623 7 664.583 F. Miscellaneous Total 14 731.236 1 28.336 Grand Total 892 28.875.714 466 15.38.938 Please Note that dry trading combination carriers are included in the dry sector and wet trading ones in the tanker sector. 9

7, Filonos Street, 7th Floor, Piraeus 185 35, Greece Country Demolition Activity by Country 29 21 DWT DWT BANGLADESH 18 9.822.499 72 4.658.67 BELGIUM 1 33.257 CHINA, PEOPLE'S REPUBLIC OF 112 3.994.963 49 1.773.419 FAR EAST 1 2.79 INDIA 395 9.392.43 252 4.769.57 INDIAN OCEAN 1 4.258 INDONESIA 1 127.3 JAPAN 1 13.684 ' 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 29,2 35,7 33,2 36,8 31,8 27,3 33 29,7 KOREA, SOUTH 1 8.45 MIDDLE EAST 1 41.483 PAKISTAN 78 2.751.893 42 2.924.7 SINGAPORE 1 47.559 1 68.157 TURKEY 1 64.629 4 47.989 U.A.E. (DUBAI) 1 22.94 UNKNOWN 111 2.59.84 43 1.44.367 Grand Total 892 28.875.714 466 15.38.938 Demolition of BCs by percentage for 29 12 % Minibulk 72 % 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. 12 115 11 15 1 95 9 85 8 75 7 65 6 55 5 45 4 no of vessels Demolition of Tankers by percentage for 29 1.4. 1.2. 1.. 8. 6. 4. 2. 35 3 25 2 15 1 5 14 % Minitank 58 % Product 6 % Panamax 11 % 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 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 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 12.379.459 161 9.275.354 892 28.875.714 21 145 3.322.75 164 9.564.726 466 15.38.938 1

7, Filonos Street, 7th Floor, Piraeus 185 35, Greece 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 11