Jul-5 Nov-5 Mar-6 Jul-6 Nov-6 Mar-7 Jul-7 Nov-7 Mar-8 Jul-8 Nov-8 Mar-9 Jul-9 Nov-9 Mar-1 Jul-1 Nov-1 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 12 1 8 6 4 2 17-19, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece Tel: 21 96597 - Fax: 21 89964 Internet Mail: athenian(at)atheniansa(dot)gr M O N T H L Y R E P O R T Baltic Dry Index July 215 PRICES TANKERS ($ MIO) * Prices reflect Year s End 29* 21* 211* 212* 213* 214* Jul-15 VLCC 5Y 78. 87.8 55.6 56. 55.8 77.1 84 VLCC 1Y 59.5 64.3 34.1 35. 35. 52.1 59 SUEZMAX 5Y 57. 62.8 45.6 4.2 39.5 56.8 59.9 AFRAMAX 5Y 4.5 44.5 34.7 28. 27.8 41.9 46.1 AFRAMAX1Y 23.5 3.7 19.3 16.3 16.3 26.8 32 PANAMAX5Y 35.5 39. 3.9 24.3 24.3 33.4 35.8 45K 5Y D/H 23.5 27.3 25.8 23. 23.3 23.8 27.6 45K 1Y D/H 16. 19.7 15.8 15.5 15.7 15.2 18.1 45K 2Y 4. 6.7 6. 6.2 6.2 6.5 8 PRICES BULKERS ($ MIO) * Prices reflect Year s End 29* 21* 211* 212* 213* 214* Jul-15 CAPESIZE 5Y 54.5 57. 36.3 32. 43.9 39.5 32 CAPESIZE 1Y 45. 43. 26.8 2.5 31. 27.8 18.8 CAPESIZE 15Y 28. 26. 15.2 12.7 18.2 16.3 1 CAPESIZE 2Y 16.5 16.4 1.5 9.3 1.1 9. 5.2 PANAMAX 5Y 35. 38.5 26.4 18. 25.6 2.1 17.4 PANAMAX 1Y 27.5 31.6 18.6 12.5 17.9 14.6 11 PANAMAX 15Y 22. 23.1 12.4 8.3 12. 1. 6 PANAMAX 2Y 12. 13.8 8.1 5.4 7.5 5.4 4.1 SUPRAMAX 5Y 27.5 31.9 26.4 23.3 24.3 2.8 15.1
Prices (USD Mio) Price (USD) Price (USD Mio) Price (USD) 2 S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S 1. Monthly Tanker Market Trend 6 Monthly 1 Yr TC Rates 9. 8. 5 7. 6. 4 5. 3 4. 3. 2 2. 1. 1. VLCC 5Y VLCC 1Y SMAX 5Y AMAX 5Y VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C AMAX 1Y PMAX 5Y 45K 5Y D/H 45K 1Y D/H PMAX 1 Yr T/C MR 1 Yr T/C 7. Monthly Bulk Carrier Market Trend 5 Monthly 1 Yr TC Rates 6. 45 4 5. 35 4. 3 25 3. 2 2. 15 1. 1 5. CAPE 5Y CAPE 1Y CAPE 15Y PMAX 5Y PMAX 1Y PMAX 15Y SUPRA 5Y HMAX 5Y HMAX 1Y HMAX 15Y CAPE 1 Yr T/C SUPRA 1 Yr T/C PMAX 1 Yr T/C HMAX 1 Yr T/C
3 S E C O N D H A N D T O N N A G E M A R K E T S&P Activity Dry (>5, Dwt) AVAILABLE FOR SALE REPORTED SOLD PREVIOUS MONTH A/BLE FOR SALE PREVIOUS MONTH SALES S&P Activity Tankers (>5, Dwt) AVAILABLE FOR SALE REPORTED SOLD PREVIOUS MONTH A/BLE FOR SALE PREVIOUS MONTH SALES 3 15 2 251 253 1 116 128 1 34 26 5 47 21 THIS MONTH - PREVIOUS MONTH THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market Ship Type Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Total BULK 12 31 41 34 26 34 178 TANK 33 16 21 31 21 47 169 GAS 2 4 3 4 6 19 CONT 11 11 8 17 1 19 76 TWEEN 1 2 1 5 2 11 REEF 2 2 1 5 RORO 1 2 3 FERRY CRUISE Total 61 64 76 87 63 11 461
4 Baltic Clean Tanker - Yearly 95 85 792 835 75 65 55 591 45 35 33 36 39 42 45 48 51 2 5 8 11 14 17 2 23 26 29 32 214 WEEK NO 215 Baltic Clean Tanker - Monthly 87 848 82 823 77 72 737 67 1/7/215 8/7/215 15/7/215 22/7/215 29/7/215 11 1 9 8 7 6 5 4 214 1 95 9 85 8 75 7 67 Baltic Dirty Tanker - Yearly 746 152 33 36 39 42 45 48 51 2 5 8 11 14 17 2 23 26 29 32 952 WEEK NO Baltic Dirty Tanker - Monthly 849 215 776 65 1/7/215 8/7/215 15/7/215 22/7/215 29/7/215 TANKER SALES NAME DWT BLT PRICE $ BUYER NEW BRIGHT 1299 25 JAPAN DH 13.5 MIO DONG A TANKERS (STST) BRO ATLAND 16326 1999 SPAIN DH 8.3 MIO WEST AFRICAN ASIA GLORY 1675 212 CHINA DH 14 MIO UNDISCLOSED SC STEALTH 19959 27 JAPAN DH 23 MIO UNDISCLOSED (STST) MEMOZINE 27925 1995 SPAIN DH 3.4 MIO MID EASTERN PRINCESS NAOMI 3949 1996 JAPAN DH 6.5 MIO MOL (Zinc) CAPE BILLE 4188 23 KOREA DH 15 MIO ENBLOC BSS CAPE BRUNY 4246 24 KOREA DH 15.5 MIO SEAWORLD (Price Each) CAMILLA MAERSK 44999 1999 KOREA DH 1.2 MIO NIGERIAN (Zinc) IVER EXPORTER 45683 2 KOREA DH 9.6 MIO GREEK OVERSEAS LUXMAR 45999 1998 KOREA DH 9.2 MIO UNDISCLOSED SIRIUS I 46341 1996 SPAIN DH 7.5 MIO UNDISCLOSED (SS/DD D 1/16) KANDILOUSA 467 1995 KOREA DH 8.5 MIO MID EASTERN SERIFOS 467 1995 KOREA DH 8.5 MIO MID EASTERN HYUNDAI MIPO 2473 5 215 KOREA DH 37 MIO SCORPIO YMH V 52 215 KOREA DH 37.5 MIO UNICORN YMH IV 52 215 KOREA DH 37.5 MIO UNICORN BLS AMITY 84999 22 JAPAN DH 19.85 MIO GREEK (DD D12/15) LION SPIRIT 1523 1997 JAPAN DH 9.3 MIO MID EASTERN (DD D 8/15) NAVIG8 GRACE 1123 215 CHINA DH * ENBLOC BSS NAVIG8 GALLANTRY 1123 215 CHINA DH * ENBLOC BSS NAVIG8 GUARD 1123 216 CHINA DH * ENBLOC BSS NAVIG8 GUIDE 1123 216 CHINA DH * ENBLOC BSS NAVIG8 GOAL 1123 216 CHINA DH * ENBLOC BSS NAVIG8 GAUNTLET 1123 216 CHINA DH * ENBLOC BSS NAVIG8 GLADIATOR 1123 216 CHINA DH * ENBLOC BSS
5 NAVIG8 GRATITUDE 1123 216 CHINA DH 34 MIO CHINESE (Ttl Price. Incl Sellers credit. 1yrs BBB with purch option frm 4th yr) ACADIA 1135 28 CHINA DH 38 MIO UNDISCLOSED (coated) FLAGSHIP JUNIPER 1149 215 KOREA DH 58.5 MIO SCORPIO SUNGDONG 382 115 215 KOREA DH 49.5 MIO ENBLOC BSS SUNGDONG 383 115 215 KOREA DH 49.5 MIO ENBLOC BSS SUNGDONG 384 115 216 KOREA DH 49.5 MIO ENBLOC BSS SUNGDONG 385 115 216 KOREA DH 49.5 MIO OCEAN YIELD (Price Each) YASA POLARIS 158475 29 KOREA DH * ENBLOC BSS YASA ORION 158475 212 KOREA DH * ENBLOC BSS YASA SOUTHERN CROSS 158525 21 KOREA DH * ENBLOC BSS YASA SCORPION 158555 21 KOREA DH 242 MIO RIDGEBURY (TTl Price) CAPE BOWEN 158988 23 KOREA DH 32.8 MIO TUFTON CAPE BATA 159996 23 KOREA DH 32.8 MIO TUFTON BW ULAN 299325 2 KOREA DH 39 MIO UNDISCLOSED BW UTAH 299498 21 KOREA DH 38 MIO UNDISCLOSED SASA 3259 21 JAPAN DH 4.5 MIO RUSSIAN (For storage) HYUNDAI GUNSAN 2725 38 215 KOREA DH * ENBLOC BSS HYUNDAI GUNSAN 2726 38 216 KOREA DH * ENBLOC BSS HYUNDAI GUNSAN 2727 38 216 KOREA DH * ENBLOC BSS HYUNDAI GUNSAN 2728 38 216 KOREA DH 392 MIO GREEK (Ttl Price) RENE 31414 22 JAPAN DH 4 MIO UNDISCLOSED GAS SALES NAME DWT BLT CBM PRICE $ BUYER AUTEUIL 2588 1995 JAPAN 3444 2 MIO UNDISCLOSED GAS HAGI 644 211 JAPAN 78 17.5 MIO GREEK BENNY PRINCESS 4931 1992 JAPAN 79869 2.8 MIO CHINESE METHANE SHIRLEY ELISABETH 78997 27 KOREA 1428 161 MIO ENBLOC BSS METHANE ALISON VICTORIA 7958 27 KOREA 145 161 MIO ENBLOC BSS METHANE HEATHER SALLY 7984 27 KOREA 14272 161 MIO GASLOG (Price Each)
$/Day $/Day 6 Spot Market - Tankers VLCC SUEZMAX AFRAMAX 9 8 7 6 5 4 3 2 1 714 393 329 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Period Market - Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX 6 5 4 3 2 1 55 425 29 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15
7 Baltic Handysize 44 42 433 423 4 38 36 362 2 34 32 1/7/215 8/7/215 15/7/215 22/7/215 29/7/215 Baltic Supramax 1 93 9 8 846 7 2 712 6 1/7/215 8/7/215 15/7/215 22/7/215 29/7/215 Baltic Panamax 13 12 1179 11 1 169 9 8 858 7 4 6 5 1/7/215 8/7/215 15/7/215 22/7/215 29/7/215 Baltic Capesize 23 18 213 1935 13 1251 8 4 38 3 1/7/215 8/7/215 15/7/215 22/7/215 29/7/215 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER ASIA GLORY 7748 1994 JAPAN CR 2X3, DR 1X2 1.4 MIO UNDISCLOSED NORWAVE 7761 1996 CHINA CR 2X4 2.6 MIO TANTO (Bank Sale) EVITA K 18315 1995 JAPAN CR 3X3 2.5 MIO UNDISCLOSED (SS Due) SEA RACER 1832 2 JAPAN CR 3X3 3.1 MIO TURKISH (SS passed) UNIVERSAL AMSTERDAM 2218 29 CHINA CR 3X3 5.1 MIO ENBLOC BSS UNIVERSAL ANTWERP 2218 29 CHINA CR 3X3 5.1 MIO UNDISCLOSED (Price Each. Bank Sale) OCEAN HONEY 2729 1995 KOREA CR 4X25 3.4 MIO CHINESE GLOBAL DAWN 28233 212 JAPAN CR 4X3 12.8 MIO GREEK ASIAN PROSPERITY 2933 211 CHINA CR 4X3 8.1 MIO GREEK (Via Auction) KWELA 32474 22 JAPAN CR 4X3 7 MIO GREEK (DD D 1/15) TUPI MAIDEN 38852 1992 JAPAN CR 4X25 2.75 MIO UNDISCLOSED SYMI 45916 1997 KOREA CR 4X3 3.75 MIO GREEK (DD D 1/15) PACIFIC MERCURY 4916 1996 JAPAN CR 4X35 4.7 MIO CHINESE PACIFIC ACADIAN 4952 1995 JAPAN CR 4X35 4.4 MIO UNDISCLOSED (SS/DD D 9/15) SPEEDWELL 5329 23 JAPAN CR 4X3 7.65 MIO GREEK MEDI OSAKA 5398 23 JAPAN CR 4X3 7.8 MIO GREEK (DD D 12/15) HANJIN ROSTOCK 55625 211 VIETNAM CR 4X3 13 MIO ENBLOC BSS HANJIN ALABANY 55648 211 VIETNAM CR 4X3 13 MIO GREEK (Price Each) ROYAL FLUSH 56726 21 CHINA CR 4X3 11.5 MIO GERMAN KT KONDOR 5847 211 CHINA CR 4X3 14.9 MIO GREEK YANGZHOU DAYANG DY216 635 215 CHINA CR 4X35 22.5 MIO US BASED
$/Day $/Day 8 NORTH PRINCESS 7129 1996 JAPAN GLESS 4.1 MIO UNDISCLOSED SPARTIA 75115 2 JAPAN GLESS 6.5 MIO GREEK MAHITIS 7658 21 KOREA GLESS 8 MIO KOREAN TRELLIS 1 7951 212 CHINA GLESS 11 MIO GREEK ORION PRIDE 81323 211 KOREA GLESS 17.8 MIO GREEK BERGEN TRADER 81582 211 KOREA GLESS 19 MIO GREEK RAINBOW ACE 81755 212 CHINA GLESS 16.1 MIO GOLDEN OCEAN ASITA SUN 81966 212 KOREA GLESS 2.5 MIO GREEK UNITED CHALLENGER 82641 28 JAPAN GLESS 15.9 MIO TURKISH BILLION TRADER 82922 25 JAPAN GLESS 12.8 MIO GREEK (SS/DD D 9/215) WELSUCCESS 93328 21 CHINA GLESS 14.8 MIO EUROPEAN RAIJU 172492 2 JAPAN GLESS 9.6 MIO GREEK KOHJU 172498 21 JAPAN GLESS 9.7 MIO UNDISCLOSED 3 25 2 15 1 5 Spot Market - Bulkers 1685 17 675 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 CAPESIZE PANAMAX HANDYMAX 25 23 21 19 17 15 13 11 9 7 5 Period Market - Bulkers 1 Year T/C 125 8375 8 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 CAPE PMAX HANDYMAX
9 CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER PIONEER LAKE 11188 23 GERMANY CR 2X45 862 4.7 MIO GERMAN ORKUN KALKAVAN 12457 22 TURKEY GLESS 1155 * ENBLOC BSS KASIF KALKAVAN 12545 21 TURKEY GLESS 1155 11.25 MIO GERMAN (Ttl Price) BLUE MOON 13715 28 CHINA CR 2X45 122 * ENBLOC BSS YINGCHOW 13777 28 CHINA CR 2X45 122 * ENBLOC BSS MOUNT BOKOR 13823 25 CHINA CR 2X45 1114 * ENBLOC BSS IBN HAZM 13951 25 ROMANIA GLESS 1118 28 MIO UNDISCLOSED (Ttl Price) DOLPHIN STRAIT 13858 23 CHINA CR 2X4 1118 4.2 MIO GERMAN PAOLA 13879 25 CHINA CR 2X45 1118 4.5 MIO UNDISCLOSED SSL GUJARAT 24365 1997 JAPAN CR 3X4 1613 7 MIO SWIRE THIRA 2837 1997 KOREA CR 4X4 2113 6.9 MIO UNDISCLOSED CAPE BIANCO 31627 21 KOREA CR 4X4 2556 1.5 MIO ENBLOC BSS THEKLA SCHULTE 34677 21 KOREA CR 4X45 2556 1.5 MIO ENBLOC BSS ANNA SCHULTE 34717 21 KOREA CR 4X45 2556 1.5 MIO ENBLOC BSS SUSANNE SCHULTE 34717 21 KOREA CR 4X45 2556 1.5 MIO MOLLER (Price Each) ITAL FORTUNA 42969 27 KOREA GLESS 345 18.1 MIO UNDISCLOSED NEDLLOYD DRAKE 67712 2 GERMANY GLESS 5468 14.8 MIO GREEK SCT SANTIAGO 68126 26 KOREA GLESS 559 17.8 MIO ENBLOC BSS SC MARA 68165 26 KOREA GLESS 559 17.8 MIO GREEK (Price Each) MPP/TWEEN SALES NAME DWT BLT GEAR TEU PRICE $ BUYER MAXIME 246 25 CHECH GLESS 94 2.4 MIO ENBLOC BSS CELINE 25 25 CHECH GLESS 94 2.4 MIO WILSON (Price Each) RORO/PASS SALES NAME GT BLT LMTRS/CARS PAX PRICE $ BUYER MAIN HIGHWAY 9233 1998 GERMANY /83 6.5 MIO ENBLOC BSS NECKAR HIGHWAY 9233 1999 GERMANY /83 6.5 MIO NORWEGIAN (Price Each)
$m $m 1 N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C TS Tanker Prices VLCC Suezmax Aframax MR Bulker Prices Capesize Panamax Handymax Handysize 12 1 95.6 8 64.4 6 53 4 36.5 2 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 7 6 5 4 3 2 49.1 26.4 1 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 25 21.2 Ship Type 215 216 217+ Total Capesize 12 159 37 298 Panamax 151 155 54 36 Supra/Hmax 29 33 96 689 Handies 169 181 7 42 Total 712 798 257 1767 Ship Type 215 216 217+ Total ULCC/VLCC 22 57 34 113 Suezmax 4 39 45 88 Aframax 25 53 48 126 Panamax 4 27 14 45 MR+Small 147 24 79 43 Total 22 38 22 82 Ship Type 215 216 217+ Total VLGC 28 54 17 99 LGC 1 2 3 MR 6 28 26 6 Handy 19 2 4 43 Small 11 1 12 Total 65 15 47 217
m. dwt m. dwt No. of Vessels m. dwt 11 Newbuilding Sales 1 9 8 7 6 5 4 3 2 1 395 885 214 66 Tankers >1, dwt Bulkers >1, dwt Containerships 142 128 16 15 57 213 214 Jul-15 Delivery Schedule Bulkers >1, dwt. Tankers >1, dwt 8 7 66.8 6 53.7 5 39.1 4 27.6 3 2 2 16 1 Jul-15 216 217+ Tanker Newbuildings on Order 4 35 34.5 3 25 2 15 14.2 14.5 1 5 July 215 VLCC Aframax Products 16.5 3.5 Suezmax Panamax Bulker Newbuildings on Order Capesize Panamax Handymax Handysize 6 56 5 41.3 4 28.7 3 14.1 2 1 July 215 Newbuilding Historical Prices ($m) Tankers Jul-15 214 213 212 211 21 29 28 27 25 1995 199 1985 31, DWT 1 95.6 97.3 93.8 93.2 98.9 14.8 97.5 15 145 12 85.3 87.4 2 38.2 17, DWT 1 64.4 65.5 59.6 57.1 6.3 66.3 61 9 9 71.5 54 66.1 2 28.2 11, DWT 1 53 53.6 52.2 48.5 52.2 56 49.5 74 72 58 43.3 53.2 2 18.1 47, DWT 1 36.5 36.8 34.6 33.8 35.2 36.1 35 46.5 52 43 33.2 3 32.1 3 13.3 Bulkers 18, DWT 1 49.1 54.2 53.6 45.7 48.4 57.2 55.5 87 96 58.5 42.3 6.2 29.3 73, DWT 1 26.4 29 27.8 25.6 28.7 34.3 34.5 45.5 54 36 27.9 3 13.4 45, DWT 25 27.2 26.5 23.7 26.7 31.1 29 41 47.5 31 24.1 25.3 12.4 29, DWT 21.2 22.8 22.2 2.5 22.2 26.3 24.5 31 34 25.5 19.2 21.3 9.7 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 / Won relation for the years mentioned)
12 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES AHTS Sinopacific Zhejiang 217 ESNAAD AHTS Sinopacific Zhejiang 217 ESNAAD AHTS Sinopacific Zhejiang 217 ESNAAD AHTS Sinopacific Zhejiang 217 ESNAAD AHTS Sinopacific Zhejiang 217 ESNAAD AHTS Sinopacific Zhejiang 217 ESNAAD AHTS Sinopacific Zhejiang 217 ESNAAD AHTS Sinopacific Zhejiang 217 ESNAAD AHTS Sinopacific Zhejiang 217 ESNAAD BULK 816 Tsuneishi Zosen 218 Sea Pioneer Shpg. BULK 816 Tsuneishi Zosen 218 Sea Pioneer Shpg. CONT 15 Hyundai HI 217 122. Mio Maersk Line CONT 15 Hyundai HI 217 122. Mio Maersk Line CONT 15 Hyundai HI 217 122. Mio Maersk Line CONT 15 Hyundai HI 217 122. Mio Maersk Line CONT 15 Hyundai HI 217 122. Mio Maersk Line CONT 15 Hyundai HI 217 122. Mio Maersk Line CONT 15 Hyundai HI 217 122. Mio Maersk Line CONT 15 Hyundai HI 217 122. Mio Maersk Line CONT 15 Hyundai HI 217 122. Mio Maersk Line CONT 15 Jiangsu New YZJ 217 Tufton Oceanic CONT 15 Jiangsu New YZJ 217 Tufton Oceanic CONT 15 Jiangsu New YZJ 217 Tufton Oceanic CONT 15 Hudong Zhonghua 217 115. Mio CSCL CONT 15 Hudong Zhonghua 217 115. Mio CSCL CONT 15 Hudong Zhonghua 217 115. Mio CSCL CONT 15 Hudong Zhonghua 218 115. Mio CSCL Option CONT 15 Hudong Zhonghua 218 115. Mio CSCL Option CONT 15 Hudong Zhonghua 218 115. Mio CSCL Option CONT 15 Hudong Zhonghua 218 115. Mio CSCL CONT 15 Hudong Zhonghua 218 115. Mio CSCL Container 15 Hudong Shipyard 217 115. Mio CSCL Container 15 Hudong Shipyard 217 115. Mio CSCL Container 21 CSBC (Keelung) 217 TS Line Container 21 CSBC (Keelung) 217 TS Line Container 21 CSBC (Keelung) 218 TS Line Container 21 CSBC (Keelung) 218 TS Line Container 16 JMU Kure Shipyard 218 Nippon Yusen Kaisha Container 16 JMU Kure Shipyard 218 Nippon Yusen Kaisha Cruise Meyer Turku 218 Tui Cruises Cruise Meyer Turku 219 Tui Cruises Diving Spt Arpoador ngenharia 217 Oceanica Offshore Diving Spt Arpoador ngenharia 217 Oceanica Offshore Hvy L/Crane Jurong S.Y. 218 Heerema Marine L.N.G. 85 Daewoo 218 Chandris (Hellas) Pass/Car F. Naikai Innoshima 217 JR Nishinihon Miyaj Products 72 Dalian Shipbuilding 217 COSCO Dalian Products 72 Dalian Shipbuilding 217 COSCO Dalian Products 72 Dalian Shipbuilding 217 COSCO Dalian Products 72 Dalian Shipbuilding 217 COSCO Dalian Products 72 Dalian Shipbuilding 217 COSCO Dalian Products 114 CSSC Offshore Marine 217 5. Mio China Shpg. Tankers Products 114 CSSC Offshore Marine 217 5. Mio China Shpg. Tankers Products 114 CSSC Offshore Marine 217 5. Mio China Shpg. Tankers Products 114 CSSC Offshore Marine 217 5. Mio China Shpg. Tankers Products 115 Beihai Shipyard 217 Cara Shipping Pte Products 115 Beihai Shipyard 217 Cara Shipping Pte Products 115 Beihai Shipyard 217 Cara Shipping Pte Products 115 Beihai Shipyard 217 Cara Shipping Pte Products 735 STX SB (Jinhae) 217 46. Mio Pleiades Shpg. Agcy. Tanker 3 Hyundai Samho HI 218 Bahri
13 Tanker 3 Hyundai Samho HI 218 Bahri Tanker 3 Hyundai Samho HI 218 Bahri Tanker 3 Hyundai Samho HI 218 Bahri Tanker 3 Hyundai Samho HI 218 Bahri Tanker 38 Dalian COSCO KHI 217 COSCO Dalian Tanker 319 Dalian Shipbuilding 217 92. Mio COSCO Dalian Tanker 319 Dalian Shipbuilding 218 92. Mio COSCO Dalian Tanker 3 Hyundai HI 216 Neda Maritime Agency Tanker 16 Tsuneishi Zosen 217 49. Mio Nissen Kaiun K.K. Tanker 16 Tsuneishi Zosen 217 49. Mio Nissen Kaiun K.K. Tanker 16 Tsuneishi Zosen 218 49. Mio Nissen Kaiun K.K. Tanker 16 Tsuneishi Zosen 218 49. Mio Nissen Kaiun K.K. Tanker 16 Tsuneishi Zosen 218 49. Mio Nissen Kaiun K.K. Tanker 16 Tsuneishi Zosen 218 49. Mio Nissen Kaiun K.K. Tanker 112 Sumitomo (Yokosuka) 218 52. Mio Lundqvist Rederierna
Million dwt USD/ton USD/ton 14 Demolition Historical Data D E M O L I T I O N M A R K E T Demolition Prices Gen Cargo Tanker India USD 295 /lt Ldt USD 315 /lt Ldt Bangladesh USD 285 /lt Ldt USD 35 /lt Ldt Pakistan USD 295 /lt Ldt USD 31 /lt Ldt China USD 13 /lt Ldt USD 145 /lt Ldt 58 53 48 43 38 33 28 23 18 58 53 48 43 38 33 28 23 18 6 5 4 3 2 1 41 38 395 415 Price Tankers* 212 213 39 38 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices 39 36 38 45 Price Bulkers* 37 355 315 295 214 215 212 213 214 215 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices 13.4 27 28.65 26.9 38 25.6 14.5 4.9 2.35 4.6 3.8 Total Demolition (Dwt) 15.9 16.7 18.9 15.5 18 15.6 3.5 28.428.5 25 27 22.4 1 5.5 6.5 5 12 31.58 28.9 25.7 5.3 41.8 33.3 25.8 * Bss reported sales
USD/ton 15 6 Historical Demolition Prices (India Year's End) 5 4 3 2 TANKERS BULKERS Avg. Trend 1 HISTORICAL DEMOLITION PRICES (*Indian Year s End) 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 CURR. TANK 172 115 136 174 135 174 262 362 32 45 57 287 338 485 482 45 435 425 315 BULK 152 112 143 17 135 181 267 381 332 392 472 268 328 437 456 375 41 4 295 India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK MERRY OCEAN 21341 1983 5129 36 Incl 22T ROB BULK ORINOCO PEARL 388 1984 1537 35 CONT ZIM PACIFIC 4585 1996 169 395 GAS SYN MARKAB 4444 1992 3967 485 Incl 523T Nickel Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK OCEAN FAMOUS 3165 1985 655 345 BULK BULK DISCOVERY 69346 1989 9977 363 BULK K PRIDE 149394 1993 18569 36 BULK ANANGEL PRIDE 161643 1993 1946 38 GAS VITAMIN GAS 161 1985 95 322 REEF BALTIC STREAM 1257 198 7116 4 Incl 196T aluminum TANK VIVA 1439 1982 772 35 China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK GREAT BRIGHT 73242 1997 1138 22 BULK GREAT GLORY 73274 1997 1716 22 Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK ABM NAVIGATOR 42183 1987 8665 361 BULK SOLIDARNOSC 7347 1991 1361 358 Option Sub-cont markets Turkey TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS N/A N/A N/A Other TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK ASTRAEUS 28233 1998 719 32 As is Spore
USD/ton USD/ton 16 H I S T O R I C A L B U N K E R P R I C E S 8 7 6 5 4 3 2 1 Bunkers Cost (38 cst) Rotterdam Fujeirah Houston Average Trend 12 1 8 6 4 2 Bunkers Cost (MGO) Rotterdam Fujeirah Houston Average Trend HISTORICAL BUNKER PRICES Rotterdam Fujeirah Houston 38 cst MGO 38 cst MGO 38 cst MGO 1992 83 161.9 81.5 28.2 78.4 165.2 1993 67 15.5 7 22.5 71.1 16.6 1994 86 133.2 8.9 182.6 8.8 148.8 1995 97 14.6 94.6 175.8 93.2 148 1996 17 175.1 14.4 27.5 15.8 186 1997 92 155.4 99.3 25.6 97.3 179.9 1998 66.5 112.2 69.2 152.2 67.2 136.9 1999 94 133 98.5 157.2 93.3 143.9 2 139 231.6 155.3 263.5 136 255.7 21 116 192.4 129.7 244.7 112.8 227.5 22 135 188.2 145.9 222.8 134 196 23 151 23.4 166.3 265.2 16.2 265.1 24 154 313.4 176.7 359.3 167.3 328.7 25 236 458.4 256.6 5.1 248.3 58.5 26 195 524.1 31.9 631.8 33 562.3 27 347 571.3 373.7 664.7 351.8 68.6 28 469 85.7 59.4 137.7 496.8 933.2 29 355 49.6 372.8 657 36.7 525 21 452 667.1 468.2 712.9 449.3 683 211 548 848.6 587.5 897.5 542.1 862.4 212 585 92 66 15 61 15 213 585 92 62 11 58 985 214 31 57 35 88 315 695 July-15 27 458 298 7 261 496
$/Barrel USD-EUR USD-JPY 17 M A R K E T I N D I C A T O R S 1.8 1.6 1.4 1.2 1..8.6.4 Currencies USD-EUR USD-JPY 13 12 11 1 9 8 7 6 16. 14. 12. 1. 8. 6. 4. 2.. Brent Oil GBP CAD EUR JPY CHF USD AUD GBP 1.49363.7184.516.6687.648.46726 CAD 2.2515 1 1.42151.145 1.33848 1.2979.9464 EUR 1.42448.7324 1.735.9415.91291.66572 JPY 193.79 95.67 136.3 1 128.8 124.19 9.56 CHF 1.51269.74676 1.6182.781 1.9694.7687 USD 1.5633.7733 1.9524.85 1.3127 1.72918 AUD 2.13928 1.5316 1.5175.114 1.41392 1.3715 1 * 31/7/215 values
18 S T O C K W A T C H NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW Capital Product Partners CPLP 7.97 7.88 1.1 11.34 6.54 Diana Shipping Inc. DSX 5.55 7.5-21.3 11.4 6.2 Dryships Inc. DRYS.52.6-13.5 3.36.49 Dynagas LNG Partners LP DLNG 15.17 15.88-4.5 24.55 13.66 Eagle Bulk Shipping Inc. EGLE 7.97 6.97 14.3 17.49 6.43 Euroseas Ltd. ESEA 6.12.76 75.3 12.2 5.42 Freeseas Inc. FREE 1. 3.59-72.1 341.25.83 Costamare Inc. CMRE 16.72 18.37-9 24.15 15.85 Goldenport Holdings Inc. GPRT 142.75 125.76 13.5 3.7 1.14 Navios Maritime Holdings NM 3.7 3.72 -.5 9.59 3.3 GasLog Ltd. GLOG 15.5 19.95-22.3 27.64 14.85 Paragon Shipping Inc. PRGN.93.71 31 5.59.6 Safe Bulkers Inc. SB 3.61 3.22 12.1 8.87 2.99 Star Bulk Carriers Corp. SBLK 2.91 2.94-1 15.62 2.56 Stealthgas Inc. GASS 5.69 6.75-15.7 1.81 5.24 TEN Inc. TNP 9.59 9.53.6 1.5 4.75 TOP Ships Inc. TOPS 1.15 1.4 1.6 2.25.96 Box Ships Inc. TEU.82.97-15.2 1.75.6 Diana Containerships Inc. DCIX 1.98 2.11-6.2 2.9 1.79 Danaos Corporation DAC 6.5 6.45-6.2 6.7 3.96 Aegean Marine Petroleum ANW 11.27 12.36-8.8 15.71 6.99 * 3/7/215 closing values Reverse Split ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 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,