WEEKLY SHIPPING MARKET REPORT

WEEKLY SHIPPING MARKET REPORT WEEK 34-20 th July to 27 th August 2012 - Legal Disclamer The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up to date, Shiptrade Services S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report. Researched and compiled by: Shiptrade Services SA, Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions please contact: market-research@shiptrade.gr Shiptrade Services SA Tel +30 210 4181814 snp@shiptrade.gr 1st Floor, 110/112 Notara Street Fax +30 210 4181142 chartering@shiptrade.gr 185 35 Piraeus, Greece www.shiptrade.gr tankerchartering@shiptrade.gr

Shipping, Commodities & Financial News Brazil Steelmaker CSN To Raise Product Prices 4%-7% From Sept. 1, Distributors Say Brazilian steelmaker Companhia Siderurgica Nacional SA, or CSN, will raise domestic prices for flat steel products by 4% to 7% on Sept. 1, Brazilian Steel Distributors' Institute Inda confirmed. The rise will be effective on CSN's sales of steel to Brazilian distributors, Inda said. CSN's expected price increase would follow similar moves by its domestic competitors in July. At that time, steelmakers Usinas Siderurgicas de Minas Gerais SA, or Usiminas, and ArcelorMittal Brasil announced price increases of 5% to 8%, Inda said. A CSN spokeswoman didn't confirm any expected price rise when contacted by Dow Jones Newswires. Analysts at Barclays Capital said Monday they consider there is limited potential for CSN to implement its intended flat steel prices rises. The hike may only be applicable to a few product lines as Brazilian market prices are still capped by downward price trends in the Chinese and global steel markets, Barclays said in a research report. While all the Brazilian flat steel mills have now asked for higher prices, "only time will tell if the higher prices are sustainable" in current market conditions, said Christiano da Cunha Freire, president of Sao Paulo-based distribution company Frefer Metal Plus - Klockner & Co. (Dow Jones) Russian wheat export prices rise on Egypt's deal Russia's wheat export prices could rise further after winning new business from Egypt, the world's largest wheat importer, adding pressure on to an already tight exportable surplus after damage to the crop from drought, grain analysts said. Egypt's General Authority for Supply Commodities (GASC) agreed to buy 60,000 tonnes of Russian wheat from Olam International at $319 per tonne with freight costs of $11.64 per tonne and 60,000 tonnes from Aston at $320.94 per tonne with freight costs of $11.70. "Russian origin remains most competitive in comparison with any other sources," Dmitry Rylko, the head of the Institute for Agricultural Market Studies (IKAR), said in a note. It was GASC's third international wheat purchase since the July 1 start of the 2012/13 fiscal year. The purchase was also GASC's third in two weeks as the world's top wheat importing nation moved to secure supplies on growing concern about weathershortened crops in key exporting nations including Russia and Australia. Russia's government cut its 2012 grain crop forecast to 75 million tonnes and has tried to reassure markets there will be no repeat of August 2010, when it shocked markets with a snap decision to ban grain exports when the scale of losses from major drought became clear. This year, the government has indicated that protective tariffs could be an option, though only after the end of the calendar year. But traders and analysts widely expect limits to be imposed in some form, perhaps as early as November, after heavy exports in the early months of the season showed Russia could exhaust the 10-12 million tonne exportable surplus sooner than January 1. "Egypt entered the market after last week's (global) price correction and, perhaps, after it made sure that Russia's export restrictions would not be imposed in the nearest future," SovEcon agriculture analysts said in a note. Egypt bought Russian wheat for October 1-10 shipment on a free on board (FOB) basis. On last week's Russia's wheat prices, IKAR estimated FOB level for 12.5-percent wheat at $314 per tonne, up from $310 per tonne, while the price for the new corn (maize) was quoted at $295-300 per tonne. SovEcon said Black Sea FOB wheat prices were unchanged at $310-315 per tonne last week, while corn prices in North Caucasus were quoted at 8,000-9,000 roubles ($250-280) per tonne. US new-crop wheat tracked corn, climbing 0.68 percent to $8.14 a bushel on Monday by 0824 GMT. The average Russian prices for fourth-grade milling wheat in deep-water ports were stable last week at 9,600-9,800 roubles per tonne on a carriage-paid-to (CPT) basis, while prices in shallow-water ports reached 8,800-9,000 roubles per tonne, up 100 roubles, according to SovEcon. Russia's average domestic EXW (ex-silo) prices for third-grade milling wheat were unchanged at 8,300 roubles ($260) per tonne, while the fourth-grade prices were unchanged at 8,275 roubles per tonne, SovEcon added. Price growth in drought-damaged Urals and Siberia slowed down last week as prices reached overheated levels, SovEcon added. Wheat prices there rose by 100 roubles per tonne last week. For sunseeds, the price index for the new harvest was quoted at 15,500-16,000 roubles per tonne, IKAR said. SovEcon quoted it in a range of 14,000-15,500 roubles per tonne on CPT basis. Rapeseed prices strengthened further to 15,000-15,500 roubles per tonne from 15,000 roubles, according to IKAR. Domestic crude sunoil prices rose 500 roubles to 43,250 roubles per tonne, while the Black Sea export prices were quoted at $1,200 per tonne, SovEcon added. (Reuters) Tanker traffic in straits slows Tanker traffic in the Bosphorus and Çankakkale straits has eased due to both a slowdown in the global economy and the Baku-Tbilisi-Ceyhan pipeline, which was constructed in 2006. A total of 4,496 tankers and 24,092 ships entered the Bosphorus in the first six months of 2012, according to data from the Transportation, Maritime and Communication Ministry s Coastal Security Headquarters. The geographical location, narrowness, strong currents and sharp turns of the 30-kilometer Bosphorus, which connects the Sea of Marmara with the Black Sea, make it one of the world s most crucial, but also most dangerous natural narrow waterways. Tankers entering the Bosphorus carry 64.3 million tons of hazardous materials, while tankers entering the Çanakkale strait carry 76.9 million tons of such material, according to the data. In 2007 106,519 ships passed through the Bosphorus and Çanakkale straits. This number dropped to 103,293 in 2008 and 95,177 in 2010. (Anatolia News Agency) 1

Dry Bulk - Chartering In Brief: Another negative week Capes: Low levels with slight improvement The downwards trend continued at the beginning of the week although slightly improved at the middle-end of the week with the BCI closing at 1124 increased by 29 points and the 4 TC routes ending up at USD 2,927. In the Atlantic basin, rates remained steady at low levels with the fronthaul trips ending up at USD 18,500, same levels as last week, while the transantlantic round trips fixed at USD 2,750 reporting a modest increase of USD 250. The same sentiment applied in the pacific market with the Australian iron ore trade producing cargoes, but not enough in order to cover the oversupply of tonnage at the area. In this respect, round trips fixed at USD 3,750. Period activity fixed around at USD 9,000 levels for one year. Panamax: Negative sentiment continuing in both basins. This was another slow week in both hemispheres. Especially in the Atlantic region lack of fresh requirements kept rates at rather low levels. Thus Transatlantic rounds were seen closing at USD 6000 whilst Fronthauls were fixed at slightly higher levels of USD 16.000, compared to 15.250 of last week. In the Pacific basin this was another very slow week. Indonesian rounds were mostly fixed at USD 5000-5500 levels with some ballast bonuses hardly exceeding USD 70.000-80.000. Very few Nopac round trips in total, mainly seen closing at about USD 5000 and in some cases up to USD 6000 levels basis delivery Japan. Short period market remains slow with a few fixtures of 4/6 months at USD 8000-8500 levels. However there s a kamsarmax which was reported to have been fixed at USD 11750 for 2 years basis delivery USG. Supramax: Stability at low levels. Market remained thin for Supras in both basins with BSI closing at 853 with modest increase of 15 points In the Atlantic market, fronthaul trips closed at USD 18,000-19,000 levels whereas cargo requirements ex USG to Continent fixed around at USD 11,250 and to EMED fixed around at USD 12,000. Transantlantic round trips ended up around at USD 7,750 a bit more than previous week. In the Pacific basin, the market remained slow. Nopac round trips where fixed around at USD 8,000-USD 8,500 whereas the Indonesia-India route closed around at USD 7,250. Nickel ore trade produced some fresh requirements fixing at USD 8,750-9,000 levels for round trips while Indian iron ore trade remained without much activity. Short period with fixtures around at USD 8,500-9,000 levels. Handysize: Relatively steady In the Atlantic Basin, Black Sea trips softened a bit, but where still alive compared to Continent and ECSA. The latter was very low, if any, and there were many vessels open West Africa that preferred to ballast northbound instead of ECSA. USG showed some positive sentiment with some firm orders of coal, pet coke and grains giving some hope to the owners. The Transatlantic rate decreased even more while the fronthaul rates remained stable. In the Pacific, the decrease in rates was much lighter than in Atlantic although there were not much firm cargoes around. We saw the round voyage at USD 5/6,000 while trips ex CJK to PG were paying around USD 8,000. Backhaul trips with bagged rice to West Africa were resulting poor outcome and many owners preferred to wait for early September in case market gets better. 2

Dry Bulk - Chartering Baltic Indices Dry Market (*Friday s closing values) Index Week 34 Week 33 Change (%) BDI 717 714 0,42 BCI 1124 1095 2,65 BPI 828 806 2,73 BSI 853 841 1,43 BHSI 474 496-4,44 T/C Rates (1 yr - $/day) Type Size Week 34 Week 33 Change (%) Capesize 160 / 175,000 9000 8500 5,88 Panamax 72 / 76,000 8250 8750-5,71 Supramax 52 / 57,000 9250 9000 2,78 Handysize 30 / 35,000 7250 7250 0,00 Average Spot Rates Type Size Route Week 34 Week 33 Change % Far East ATL -13250-13500 - Capesize 160 / 175,000 Cont/Med Far East 18500 18500 0,00 Far East RV 3750 3750 0,00 TransAtlantic RV 2750 2500 10,00 Far East ATL -1500-1750 - Panamax 72 / 76,000 ATL / Far East 16000 15250 4,92 Pacific RV 5750 6000-4,17 TransAtlantic RV 6000 5750 4,35 Far East ATL 2750 3000-8,33 Supramax 52 / 57,000 ATL / Far East 18000 19000-5,26 Pacific RV 7000 6250 12,00 TransAtlantic RV 7750 7500 3,33 Far East ATL 3000 3000 0,00 Handysize 30 / 35,000 ATL / Far East 14000 14250-1,75 Pacific RV 5500 6000-8,33 TransAtlantic RV 7750 8500-8,82 3

Dry Bulk - Chartering ANNUAL JUNE 2012 AUGUST 2012 4

Dry Bulk - Chartering Capesize Routes Atlantic 2011 / 12 $40.000,00 $35.000,00 $30.000,00 $25.000,00 $20.000,00 $15.000,00 $10.000,00 $5.000,00 $0,00 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 C2 TUB / ROT C4 RBAY / ROT C7 BOL / ROT C8 T/A RV AVG ALL TC Capesize Routes Pacific 2011 / 12 $60.000,00 $50.000,00 $40.000,00 $30.000,00 $20.000,00 $10.000,00 C3 TUB / PRC C5 W AUST / PRC C9 CONT / FE C10 FE R/V $0,00 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 Panamax Routes Atlantic 2011 / 12 30000 25000 20000 15000 10000 P1A T/A RV P2A CONT/FE 5000 0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 5

Dry Bulk - Chartering Panamax Routes Pacific 2011 /12 $20.000,00 $15.000,00 P3A FE R/V $10.000,00 P4 FE/CON $5.000,00 AVG ALL TC $0,00 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 -$5.000,00 Supramax Routes Atlantic 2011 /12 35000 30000 25000 20000 15000 10000 5000 0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 S1A CON / FE S1B BSEA / FE S4A USG / CONT S4B CONT / USG S5 WAFR / FE Supramax Routes Pacific 2011 / 12 $20.000,00 $18.000,00 $16.000,00 $14.000,00 $12.000,00 $10.000,00 $8.000,00 $6.000,00 $4.000,00 $2.000,00 $0,00 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 S2 FE R/V S3 FE / CON S6 FE / INDI S7 ECI / CHI AVG ALL TC 6

Tanker - Chartering VLCC: Markets remained in the same levels with owners having to decide either fixing their vessels at low levels, especially in view of excess 30 units in oversupply or not fixing at all. Suezmax: The market remained unchanged, especially the WAFR-USAC route which remained at ws 55 levels. The possibilities for this to change are next to none while waiting for the October program. Aframax: General feeling remained the same as previously, with the same stability and no promising news, aside from some delays to due to the Isaac tropical storm. Panamax: Despite the early weeks slow start, the market finally concluded in a positive manner with the CBS- USAC route showing an increase of 5 points. Products: The Caribbs USAC route saw an increase of 10 points, together with the USG-UKC route which was also firm because of increasing demand from for trips to EU. Baltic Indices Wet Market (*Friday s closing values) Index Week 34 Week 33 Change (%) BCTI 579 587-1,36 BDTI 618 608 1,64 T/C Rates (1 yr - $/day) Type Size Week 34 Week 33 Change (%) VLCC 300.000 19,750 20.000-1,25 Suezmax 150.000 16,750 16.750 0,00 Aframax 105.000 13,500 13.500 0,00 Panamax 70.000 12,750 12.750 0,00 MR 47.000 13,250 13.250 0,00 7

Tanker - Chartering Crude Tanker Average Spot Rates Type Size (Dwt) Route Week 34 WS Week 33 WS Change % 280,000 AG USG 23 23 0,00 VLCC 260,000 W.AFR USG 41.5 41.5 0,00 260,000 AG East / Japan 36 36.5-1,37 Suezmax 135,000 B.Sea Med 57.5 57.5 0,00 130,000 WAF USAC 57.5 57.5 0,00 80,000 Med Med 80 80 0,00 Aframax 80,000 N. Sea UKC 85 85 0,00 80,000 AG East 92.5 92.5 0,00 70,000 Caribs USG 90 90 0,00 Product Tanker Average Spot Rates Type Size (Dwt) Route Week 34 WS Week 33 WS Change % 75,000 AG Japan 99 100-1,00 Clean 55,000 AG Japan 118 118 0,00 38,000 Caribs USAC 115 105 9,52 37,000 Cont TA 115 130-11,54 Dirty 55,000 Cont TA 110 112.5-2,22 50,000 Caribs USAC 110 105 4,76 8

Tanker - Chartering VLCC Trading Routes 2011 / 12 Suezmax Trading Routes 2011 / 12 Aframax Trading Routes 2011 / 12 9

Tanker - Chartering Clean Trading Routes 2011 / 12 Dirty Trading Routes 2011 / 12 10

Sale & Purchase Watching the Market! The market continued at a slow pace during the last week, with buyers keeping patient while August ended. The deal which was very loud in the market as described herebelow was that of 9 modern tankers being purchased by Tufton / Blackstone from the Hartmann Group. Shiptrade enquiry Index remained at the same levels as previously with demand for the Dry sector remaining strong for late nineties built Handymaxes and with Panamaxes dominating the general interest; modern Supramaxes started to become more attractive and demand for Handies remains at the same levels. In the wet sector the increased demand for MR s built from late nineties upto early 2000 s remains strong with Aframaxes sharing the same levels of interest. Interest for VLCC s continued at the same pace with a few buyers looking for various ages, mostly for storage in the Far East. Handymaxes where the most dominant in the dry sales with Ljubljana (42.000 dwt built 19997 IHI JPN) reported sold for USD high 8 mill to Greek buyers with SS / DD freshly passed. Also Ocean Bridge (45700 dwt built Tsuneishi JPN 1998) was reported sold for excess USD 9 million to undisclosed buyers. The most interesting deal reported was that of 7 MR Tankers abt 40.000 dwt blt 2004 2007 together with 2 LR tankers 75.000 dwt built 2006 which have been reported sold to Tufton / Blackstone from Hartmann Group for an Undisclosed price. NEWBUILDINGS In the newbuilding market, we have seen 15 vessels reported to have been contracted. 8 Bulkers (Handysize, Ultramax) 7 Tankers (MR, VLCC) DEMOLITION Despite the firming up during the previous weeks, the demand has started to balance in the subcontinent with buyer offering levels of USD 410 420 / LT for Dry tonnages and about USD 430 / LT for Wet tonnages. Quite interesting to know that Pakistan is not outperforming its competition on Wet tonnages those days as it was done in the past. China has dropped well below the USD 300 Mark, with indications ranging from USD 260 270 LT for Dry tonnages and USD 280 / LT for Tankers in view of various factors such as slowdown in development following the patient mood with regard to the progress of the EU financial Crisis, which will definitely have an influence in Chinese exports. 11

Sale & Purchase Indicative Market Values ( 5 yrs old / Mill $ ) Bulk Carriers Week 34 Week 33 Change % Capesize 34 34 0.00 Panamax 22 22 0.00 Supramax 19 19 0.00 Handysize 17 17 0.00 Tankers VLCC 58 58 0.00 Suezmax 44 44 0.00 Aframax 27 27 0.00 Panamax 27 27 0.00 MR 23 23 0.00 Weekly Purchase Enquiries SHIPTRADE P/E WEEKLY INDEX KOREA CHINA SPORE SUM GREECE OTHER 160 140 120 100 80 60 40 20 0 27/12/2011-9/1/2012 10-16/1/2012 17-23/1/2012 24-30/1/2012 31/1-6/2/2012 7-13/2/2012 21-27/02/2012 28/2-5/03/2012 6-12/03/2012 13-19/03/2012 20-26/03/2012 27/3-2/4/2012 3-9/4/2012 14-20/02/2012 17-23/4/2012 24/4-1/5/2012 2-8/5/2012 9-15/5/2012 16-22/5/2012 10-16/4/2012 23-29/5/2012 30/5-5/6/2012 6-12/6/2012 13-19/6/2012 20-26/6/2012 27/6-3/7/2012 4/7-10/7/2012 11/7-17/7/2012 18-24/7/2012 25-31/7/2012 1-7/8/2012 8-14/8/2012 15-21/8/2012 22-28/8/2012 12

Sale & Purchase Reported Second-hand Sales Bulk Carriers Name Dwt DoB Yard SS Engine Gear Price Buyer Universal Ariake 153 205.000 2013 Universal, JPN - B&W - 52 mill MOL Akiba 57.000 2011 STX, KOR 09/2016 B&W 4 X 35 T 7.5 mill In Damaged Undisclosed Condition Ocean Bridge 45.800 1998 Tsuneishi, JPN 01/2013 B&W 4 X 25 T xs 9 mill Undisclosed Ljubljana 42.700 1997 IHI, JPN 03/2017 Sulzer 4 X 30 T High 8 mill Greek Tankers Name Dwt DoB Yard SS Engine Hull Price Buyer Summit Europe 75.000 2006 Onomichi, JPN 08/2016 MIT DH Summit America 75.000 2006 Onomichi, JPN 10/2016 MIT DH Mount Adamello 40.000 2004 Saiki, JPN 08/2014 MIT DH Mount Green 40.000 2007 Saiki, JPN 08/2017 MIT DH Mount Hope 40.000 2007 Saiki, JPN 01/2017 MIT DH Mount Ranier 40.000 2004 Saiki, JPN 03/2014 MIT DH Mount Robson 40.000 2004 Saiki, JPN 05/2014 MIT DH Mount Karava 40.000 2007 Saiki, JPN 03/2017 MIT DH Mount Vicotria 40.000 2004 Saiki, JPN 06/2017 MIT DH Undisclosed Tufton / Blackstone 13

Newbuildings Newbuilding Orders No Type Dwt / Unit Yard Delivery Owner Price 2 BC 64.000 Penglai 2014 Laskaridis - 6 BC 35.000 Oshima 2015-2016 Fednav - 1 Tanker 300.000 IHI 2014 Idemitsu - 2 + 4 Tanker 40.000 GSI 2014 Norden - Newbuilding Prices (Mill $) Japanese/ S. Korean Yards Newbuilding Resale Prices Bulk Carriers Capesize 45 42 Panamax 31 29 Supramax 29 27 Handysize 23 21 Tankers VLCC 93 85 Suezmax 60 58 Aframax 47 42 Panamax 40 37 MR 34 31 Newbuilding Resale Prices Bulk Carriers (2008 Today) Tankers (2008 Today) 14

Demolitions Demolition Sales Vessel Type Built Dwt Ldt Buyer Country Price Glorysun BC 1982 71.229 14.135 Bangladesh 415 Joanna A BC 1985 36.537 8.020 Bangladesh 423.5 Oceanline I BC 1978 27.386 7.512 Bangladesh 415 Safe Rise BC 1980 21.939 5.044 Bangladesh 411 Northern Dignity Container 1995 45.217 14.435 India 455 as is Singapore with 450 T bunkers ROB Northern Felicity Container 1994 22.246 7.135 India 435 as is Jebel Ali with 435 T bunkers ROB Northern Vitality Container 1997 40.080 11.106 India 375 as is North Germany Originator BC 1985 38.594 7.750 India 435 Subic Star BC 1984 64.964 11.889 India 450 Victoria BC 1979 16.653 5.120 India 428 Demolition Prices ($ / Ldt) Bangladesh China India Pakistan Dry 400 290 410 405 Wet 425 300 435 425 Demolition Prices Bulk Carriers (2008 Today) Tankers (2008 Today) 15

Financial Market Data Shipping Stocks Dry Bulk Company Stock Exchange Week 34 Week 33 Change % Baltic Trading Ltd (BALT) NYSE 3,03 3.00 1,00 Diana Shipping Inc (DSX) NASDAQ 6,79 7.03-3,41 Dryships Inc (DRYS) NASDAQ 2,31 2.23 3,59 Euroseas Ltd (ESEA) NASDAQ 1,16 1.16 0,00 Excel Maritime Carriers (EXM) NYSE 0,51 0.50 2,00 Eagle Bulk Shipping Inc (EGLE) NASDAQ 2,99 3.00-0,33 Freeseas Inc (FREESE) NASDAQ 0,29 0.33-12,12 Genco Shipping (GNK) NYSE 3,10 3.43-9,62 Navios Maritime (NM) NYSE 3,54 3.66-3,28 Navios Maritime PTN (NMM) NYSE 14,17 14.35-1,25 Paragon Shipping Inc (PRGN) NASDAQ 0,46 0.46 0,00 Star Bulk Carriers Corp (SBLK) NASDAQ 0,51 0.52-1,92 Seanergy Maritime Holdings Corp (SHIP) NASDAQ 1,90 2.06-7,77 Safe Bulkers Inc (SB) NYSE 6,21 6.55-5,19 Golden Ocean (GOGL) Oslo Bors (NOK) 4,00 4.07-1,72 Tankers Capital Product Partners LP (CPLP) NASDAQ 7,71 7.80-1,15 TOP Ships Inc (TOPS) NASDAQ 1,25 1.25 0,00 Tsakos Energy Navigation (TNP) NYSE 5,71 5.54 3,07 Other Aegean Maritime Petrol (ANW) NYSE 7,29 6.95 4,89 Danaos Corporation (DAC) NYSE 4,06 4.06 0,00 StealthGas Inc (GASS) NASDAQ 6,23 6.07 2,64 Rio Tinto (RIO) NYSE 46,06 47.52-3,07 Vale (VALE) NYSE 17,00 17.81-4,55 ADM Archer Daniels Midland (ADM) NYSE 26,36 26.17 0,73 BHP Billiton (BHP) NYSE 68,76 69.08-0,46 Commodities Commodity Week 34 Week 33 Change (%) Brent Crude (BZ) 112,51 114.87-2,05 Natural Gas (NG) 2,65 2.81-5,69 Gold (GC) 1671 1639 1,95 Copper 347,40 345.55 0,54 Wheat (W) 345,48 350.90-1,54 16

Financial Market Data / Bunker Prices / Port Congestion Currencies Week 34 Week 33 Change (%) EUR / USD 1,25 1.23-2,05 USD / JPY 78,74 79.56-5,69 USD / KRW 1135 1135 1,95 USD / NOK 5,85 5.91 0,54 Bunker Prices IFO 380 IFO 180 MGO Piraeus 670 705 1010 Fujairah 680 700 1020 Singapore 670 680 990 Rotterdam 652 670 980 Houston 660 700 1030 Port Congestion* Port No of Vessels China Rizhao 13 Lianyungang 32 Qingdao 62 Zhanjiang 22 Yantai 13 India Chennai 6 Haldia 10 New Mangalore 10 Kakinada 10 Krishnapatnam 13 Mormugao 9 Kandla 17 Mundra 21 Paradip 15 Vizag 46 South America River Plate 283 Paranagua 53 Praia Mole 14 * The information above exhibits the number of vessels, of various types and sizes, that are at berth, awaiting anchorage, at anchorage, working, loading or expected to arrive in various ports of China, India and South America during Week 34 of year 2012. 17