Baltic Dry Indices* Last Fridays Closing Weekly Difference Monday, July 25, 211 - Week 3 The Week at a Glance Butterfly effect..." Officials of the Euro-zone have come into agreement to assist Greece with another multi-billion package so as to not be led into default causing a severe chain reaction in the global economy. Euro-zone was aware of these side effects and so did USA. Markets reacted positively to this agreement with the euro gaining against all other currencies and stock markets in Asia heading north. On the other side of the Atlantic now, the US congress has not decided yet about the federal debt issue that has arised during the past months and has to be solved till the first days of August. Economists note that in case a solution won't be found, it would mean a depreciation of the dollar plus increase of the interest rates which would lead in a slow down of the US economy. Greek Listed Companies Last Fridays Closing Weekly Difference NYSE 8254,38 7,58 Baltic Dry Index 1323-3 Baltic Cape index 1841-77 Baltic Panamax Index 1535-43 Baltic Supramax Index Baltic HandySize Index 1271 697 1 Newbuilding Prices 4/211 5/211 6/211 7/211 VLCC 3, $1 $98 $98 $98 SUEZMAX 15, AFRAMAX 113, PANAMAX 72, PRODUCT 47, CAPESIZE 175, KAMSARMAX 81, SUPRAMAX 5, HANDYSIZE XS 28, $65 $64 $64 $64 $53 $53 $53 $53 $44 $44 $44 $44 $35 $35 $35 $35 $55 $54 $54 $54 $36 $35 $35 $35 $31 $31 $31 $31 $27 $26 $26 $26 Brent Prices NASDAQ 2858,83 69,3 Dry Ships 3,93 -,11 Genmar 1,2 -,3 Excel 2,73 -,21 Diana 9,93 -,84 Top Ships 3,37,4 TEN 9,55,5 Stealth Gas 4,64,48 Capital Product Partners 8,63 -,25 Euroseas 4,4,1 Danaos 4,49 -,63 Costamare 17,67 1,13 ISO Certified by Germanischer Lloyd Currencies* Last Fridays Closing Weekly Difference EURO/USD 1,4359,2 USD/JPY 78,52 -,59 USD/CNY 6,4469 -,1 *The above tables show last Friday's closing including the weekly balance. Copyright by Allied Shipbroking Inc
Secondhand Sales Dry SIZE INDEX W-O-W CHANGE AVG T/C RATES W-O-W CHANGE TREND BDI 1323-3 CAPESIZE 1841-77 1.86-696 WEAKER PANAMAX 1535-43 12.256-347 WEAKER SUPRAMAX 1271 + 13.286-6 STEADY HANDYSIZE 697 +1 1.272-8 STEADY Bulk Carrier Vessel's Name Built Country TEU Gears Engine Price Sale's Comment KATARINA 28468 1986 JAPAN 51 5 X 3t CRANES Sulzer 6.8. USD SOLD TO GREEK BUYERS ENFORCER 4558 1982 JAPAN 6 X 25t CRANES B&W 5.. USD SOLD TO BANGLADESH BASED BUYERS FAIR WIND 64911 1982 JAPAN 12 4 X 1t CRANES B&W 6.2. USD SOLD TO CHINESE BUYERS IRINI 69734 1988 JAPAN Sulzer 1.9. USD SOLD TO UNDISCLOSED BUYERS SAMSARA 15393 1996 JAPAN B&W 18.1. USD BRISBANE 151 1995 JAPAN B&W 16.9. USD SOLD EN BLOC WITH BRISBANE TO S.KOREAN BUYERS (SINOKOR) - RGN USD 35.. EN BLOC SOLD EN BLOC WITH SAMSARA TO S.KOREAN BUYERS (SINOKOR) - RGN USD 35.. EN BLOC Container Vessel's Name Built Country TEU Gears Engine Price Sale's Comment X-PRESS ANNAPURNA General cargo 22314 28 CHINESE TAIPEI 1713 2 X 4t CRANES MAN-B&W 28.5. USD SOLD TO UNDISCLOSED BUYERS Vessel's Name Built Country TEU Gears Engine Price Sale's Comment STAR SAVANNAH 18796 1983 JAPAN 48 2 X 22t CRANES Mitsubishi 3.. USD SOLD TO UNDISCLOSED BUYERS 2
Wet SIZE INDEX W-O-W CHANGE BDTI 733-11 BCTI 678 14 SIZE AVG SPOT EARNINGS W-O-W CHANGE AVG T/C RATES BSS 1 YR TREND VLCC $ 1,7. +8% 31. FIRM SUEZMAX $ 1,6. -25% 25. WEAKER AFRAMAX $ 1,3. +1% 18. STEADY CLEAN MR $ 5,6. -6% 13. SOFTER Tanker Vessel's Name Built Country DB DS Engine Price Sale's Comment CLEARWATER (Coated, IMO II) 2662 1995 NETHERLANDS Y Y Deutz 3.5. USD SOLD TO EUROPEAN BUYERS 3
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 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 2749 17 5455 3469 164 4622 314 1845 3111 2143 1369 211 1773 1374 143 2346 1681 1281 2132 175 1296 1612 1374 186 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 1/7/11 1/1/12 Baltic CapeSize Index 18. 16. 14. 12. 1. 8. 6. 4. 2. 1\7\ 1\1\ 1\1\1 1\4\1 1\7\1 1\1\1 1\1\2 1\4\2 1\7\2 1\1\2 1\1\3 1\4\3 1\7\3 1\1\3 1\1\4 1\4\4 1\7\4 1\1\4 1\1\5 1\4\5 1\7\5 1\1\5 1\1\6 1\4\6 1\7\6 1\1\6 1\1\7 1\4\7 1\7\7 1\1\7 1\1\8 1\4\8 1\7\8 1\1\8 1\1\9 1\4\9 1\7\9 1\1\9 1\1\1 1\4\1 1\7\1 1\1\1 1\1\11 1\4\11 1\7\11 1\1\11 Baltic Panamax Index 1. 8. 6. 4. 2. 1\7\ 1\1\ 1\1\1 1\4\1 1\7\1 1\1\1 1\1\2 1\4\2 1\7\2 1\1\2 1\1\3 1\4\3 1\7\3 1\1\3 1\1\4 1\4\4 1\7\4 1\1\4 1\1\5 1\4\5 1\7\5 1\1\5 1\1\6 1\4\6 1\7\6 1\1\6 1\1\7 1\4\7 1\7\7 1\1\7 1\1\8 1\4\8 1\7\8 1\1\8 1\1\9 1\4\9 1\7\9 1\1\9 1\1\1 1\4\1 1\7\1 1\1\1 1\1\11 1\4\11 1\7\11 1\1\11 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 1\12\1 1\2\11 1\4\11 1\6\11 1\8\11 1\1\11 4
Secondhand Sales Statistics Current Secondhand Activity per / Size/ Invested Capital During 211 Secondhand Activity per / Size/ Invested Capital...during 29 A. Dry Size Invested Capital Invested Capital A. Dry 752 38.438.856 $9.489.259.5 B. Tanker 228 13.511.975 $4.697.315. 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,+ 49 275.34 $95.78. 118 3.189.825 $981.63. 71 3.441.47 $1.185.686. 4 2.875.374 $893.5. 19 3.45.82 $611.25. 297 12.827.1 $3.767.846. C. Container 92 2.63.752 $685.825. D. Reefer 19 13.725 $18.42. E. RoRo Cargo/ Ferry/ Passenger 51 318.782 $355.22. F. Miscellaneous 22 869.231 $221.33. Grand Total 1.164 55.333.321 $15.557.369.5...during 21 Invested Capital A. Dry 619 31.88.89 $1.583.52. B. Tanker 366 29.393.787 $8.33.394.464 C. Container 165 5.66.84 $2.486.3. 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,+ 67 367.83 $28.83. 74 2.422.983 $1.344.4. 9 646.779 $228.2. 35 3.69.251 $1.34.95. 8 1.235.919 $34.45. 14 3.992.547 $481.2. 13 4.45.148 $985.. D. Reefer 6 45.83 $25.5. E. RoRo Cargo/ Ferry/ Passenger 59 329.192 $943.298. F. Miscellaneous 44 42.583 $848.1. Grand Total 1.259 66.344.258 $23.19.94.464 Bulk Carriers Sales Per during 211 6 % CAPESIZE 13 % PANAMAX 24 % HANDYMAX 4 % HANDY 16 % MINIBULK B. Tanker total 22 16.32.457 $5.1.3. C. Container Total 58 1.95.2 $1.378.41. D. Reefer Total 5 29.157 $12.176. Tankers Sales Per during 211 E. RoRo Cargo/ Ferry/ Passenger Total 26 159.417 $17.85. 6 % ULCC 6 % VLCC 4 % SUEZMAX 16 % AFRAMAX 4 % PANAMAX 34 % PRODUCT 3 % MINITANK F. Miscellaneou s Total 33 53.725 $171.4. Grand Total 639 31.295.56 $1.51.712. 5
Invested Capital in Secondhand per month as of January 21 Year Month Invested Capital 21 21 Total 211 211 Total 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 $1.397.65. March-21 $2.297.668. August-21 $1.184.5. September- 21 $1.564.7. October-21 $2.664.239. November- 21 $1.522.15. December- 21 $1.921.852.464 $23.19.94.464 January-211 $1.269.35. February- 211 $1.368.181. March-211 $1.93.96. April-211 $2.18.21. May-211 $2.159.55. June-211 $1.94.311. July-211 $598.15. $1.51.712. Dry - Buyers' Nationality 25 % OTHER 4 % TURKEY 2 % SINGAPORE % NORWAY 2 % RUSSIA 2 % KOREA SOUTH 1 % USA 3 % INDONESIA 22 % CHINA PEOPLE'S REPUBLIC OF 14 % GREECE 24 % UNKNOWN Wet - Buyers' Nationality 32 % OTHER 1 % TURKEY 5 % SINGAPORE 7 % NORWAY 3 % RUSSIA 5 % KOREA SOUTH 7 % USA 5 % INDONESIA 2 % CHINA PEOPLE'S REPUBLIC OF 11 % GREECE 2 % UNKNOWN Container - Buyers' Nationality 17 % OTHER 5 % TURKEY % SINGAPORE 5 % NORWAY % RUSSIA 2 % KOREA SOUTH 3 % USA 12 % INDONESIA 7 % CHINA PEOPLE'S REPUBLIC OF 4 % GREECE 9 % UNKNOWN Invested Capital Graph - Invested Capital in Secondhand per month as of January 21 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.. 1/21 Buyer's Country 2/21 3/21 4/21 5/21 6/21 7/21 Invested Capital Per Month 8/21 9/21 1/21 Months Total Capital 11/21 12/21 1/211 No Of Buyers Nationality during 211 - Top 1 ( vessels per sector) A. Dry B. Tanker C. Container 2/211 3/211 4/211 D. Reefer 5/211 6/211 7/211 16 15 14 13 12 11 1 9 8 7 6 5 4 3 2 1 Grand Total UNKNOWN 72 45 5 1 123 GREECE 43 25 23 91 CHINA, PEOPLE'S REPUBLIC OF 65 4 4 3 76 INDONESIA 8 12 7 27 USA. 4 16 2 22 KOREA, SOUTH 7 12 1 2 RUSSIA 5 7 12 NORWAY 15 3 18 SINGAPORE 7 11 18 TURKEY 11 2 3 16 Other 75 71 1 1 157 Grand Total 297 22 58 5 58 Buyers Nationality during 211 - Top 1 (Invested Capital per sector) B. Tanker C. Container D. Reefer Buyer's Country A. Dry Grand Total GREECE 1.5.735. 797.25. 654.7. 2.52.685. UNKNOWN 643.5. 584.15. 67.5. 1.6. 1.296.75. DENMARK 62.. 1.136.5. 1.198.5. CHINA, PEOPLE'S REPUBLIC OF 672.75. 24.5. 55.4. 1.15. 942.755. NORWAY 249.25. 37.8. 62.5. USA. 47.85. 425.2. 51.8. 524.85. KOREA, SOUTH 15.8. 371.15. 1.. 486.95. SINGAPORE 16.81. 255.45. 362.251. JAPAN 163.5. 114.5. 278.. Other 875.97. 2.31.2. 111.5. 426. 3.18.646. Grand Total 3.767.846. 5.1.3. 1.378.41. 12.176. 1.159.462. Vesels 6
New Building Orders Bulk Carriers Type Units Dwt Shipyard Reported Price Owner/ Manager Delivery Date BULK 2 36, QINGSHAN USD 22.5. WILMAR 213 BULK 2 37, TSUJI H.I. USD 25.3. CAMPBELL SHIPPING 213 BULK 4 63,5 DAYANG S.B. USD 32.3. OCEAN AGENCIES 212 Other Wet Type Units Dwt / Cap Shipyard Reported Price Owner/ Manager Delivery Date ASPH/BIT. 2 19, HYUNDAI MIPO - GERABULK LTD 213 CHEM & OIL 2 37,69/4,755 HYUNDAI MIPO - SOCATRA 213 7
Demolition Sales Type Vessel's Name Built Country LDT Price/ ldt Sale's Comment REEFER OMEGA BAY 439 1984 JAPAN - - SOLD TO UNDISCLOSED BREAKERS ON PRIVATE TERMS TANKER BITUMEN EXPRESS 676 1982 JAPAN 474 522 SOLD TO INDIA GEN. CARGO KEMAL G 9652 1968 NORWAY 381 488 SOLD TO INDIA BC ISLAND EXPRESS 11314 1976 JAPAN 3846 53 SOLD TO INDIA TANKER DORIS 1996 1984 JAPAN 6242 54 SOLD TO BANGLADESH GEN. CARGO HONG MING 24451 1983 GERMANY 718 457 SOLD TO CHINA BC SAPPHIRE II 28668 1978 JAPAN 6598 435 SOLD TO CHINA BC EVEREST 34681 1981 SPAIN 7646 475 SOLD TO PAKISTAN TANKER THERESA GEMINI 3972 1981 YUGOSLAVIA 186 535 SOLD TO INDIA BC FIVE STARS ETERNAL 6665 1982 JAPAN 12366 458 SOLD TO CHINA BC XIANG HE 1 6123 198 KOREA, SOUTH 11547 455 SOLD TO CHINA BC LA DONNA I 6388 1983 DENMARK 125 54 SOLD TO INDIA BC HANDY V 6478 1983 JAPAN 11349 53 SOLD TO INDIA WITH 7 TNS IFO ROB BC HEBEI MERCY 76279 1985 SPAIN 16938 - SOLD TO BANGLADESH ON PRIVATE TERMS BC EXPRESS POWER 12717 1982 JAPAN 19771 56 BC CAPE PROVIDENCE 14619 1987 JAPAN 188 53 SOLD TO INDIA SOLD OT INDIA INCLUDING 95 TNS IFO AND 125 TNS MDO ROB 8
Demolition Statistics For 211 Current Demolition Activity per / Size A. Dry 21 211 Size No Of No Of 1. Minibulk (up to 9,999 2. Handy (1, - 39,999 3. Handymax (4, - 59,999 4. Panamax (6, - 79,999 5. Capesize (8,+ 7 391.643 4 232.116 153 3.193.251 149 3.271.155 6 285.794 25 1.16.665 8 577.53 46 3.12.885 21 2.953.476 56 8.876.54 A. Dry Total 258 7.41.217 316 16.643.325 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,+ 57 329.292 31 167.886 152 4.729.484 44 1.439.924 2 1.337.782 3 27.817 2 1.892.15 11 1.6.253 13 1.87.84 1 152.485 16 4.237.421 6 1.647.596 1 323.94 B. Tanker Total 279 14.72.27 96 4.675.961 C. Container Total 65 1.694.552 2 419.223 D. Reefer Total 39 324.283 29 215.89 E. RoRo Cargo/ Ferry/ Passenger Total 116 1.173.469 31 318.224 F. Miscellaneous Total 32 471.448 23 282.367 Grand Total 789 25.784.996 515 22.554.189 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 21 211 BANGLADESH 8 5.136.571 65 4.92.19 CHINA, PEOPLE'S REPUBLIC OF 79 3.392.737 61 4.61.573 INDIA 396 9.194.28 243 7.451.45 INDIAN OCEAN 1 4.258 JAPAN 1 13.684 MIDDLE EAST 1 41.483 PAKISTAN 73 4.569.126 33 2.266.651 ' Average Age For Demolition 21 29 28 A. Dry 31,5 3,6 3,4 B. Tanker 26,4 26,5 28,9 C. Container 27 26,7 28,9 D. Reefer 29,3 28,9 3,3 E. RoRo Cargo/ Ferry/ Passenger 31,5 29,3 35,7 F. Miscellaneous 33,7 31,8 27,3 SAUDI ARABIA 1 95.793 SINGAPORE 1 68.157 TURKEY 16 161.26 15 178.14 UKRAINE 1 1.88 UNKNOWN 141 3.167.746 95 2.986.177 USA. 1 61.893 Grand Total 789 25.784.996 515 22.554.189 Demolition of BCs by percentage for 21 27 % Minibulk 59 % Handy 2 % Handymax 3 % Panamax 8 % Capesize Demolition Activity By Demolition Per Month 5.4. 5.2. 5.. 115 11 4.8. 15 4.6. 1 4.4. 95 4.2. 4.. 3.8. 3.6. 3.4. 9 85 8 75 3.2. 7 dwt 3.. 2.8. 2.6. 2.4. 2.2. 2.. 1.8. 1.6. 1.4. 1.2. 1.. 8. 6. 4. 65 6 55 5 45 4 35 3 25 2 15 1 no of vessels Demolition of Tankers by percentage for 21 2 % Minitank 54 % Product 7 % Panamax 7 % Aframax 5 % Suezmax 6 % VLCC % ULCC 2. 5 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 1/21 11/21 12/21 1/211 2/211 3/211 4/211 5/211 6/211 7/211 Months Sum of V essels Year Dry Demolition activity since 2 of Dry Tankers of Tankers 2 281 7.362.791 148 13.48.779 488 21.634.323 21 417 11.755.524 136 15.439.165 644 28.126.143 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 46 623.85 127 4.65.141 229 5.143.327 28 123 5.314.132 122 5.895.238 361 13.195.648 29 46 12.444.448 16 9.18.356 891 28.841.98 21 258 7.41.217 279 14.72.27 789 25.784.996 211 316 16.643.325 96 4.675.961 515 22.554.189 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 GEORGE AERAKIS AOH: +3-21 6 35 259 MOBILE: +3 6946 4 57 37 ALLIED SHIPBROKING INC. 48, Aigialeias Street, 4 th Floor, Maroussi 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, Maroussi 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