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 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 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 March 217 PRICES TANKERS ($ MIO) * Prices reflect Year s End 211* 212* 213* 214* 215* 216* Mar-17 VLCC 5Y 55.6 56. 55.8 77.1 8 6 62 VLCC 1Y 34.1 35. 35. 52.1 55 4 42 SUEZMAX 5Y 45.6 4.2 39.5 56.8 6 4 41 AFRAMAX 5Y 34.7 28. 27.8 41.9 46 29 28.5 AFRAMAX1Y 19.3 16.3 16.3 26.8 31 18 18 PANAMAX5Y 3.9 24.3 24.3 33.4 35 28 27 45K 5Y D/H 25.8 23. 23.3 23.8 28.9 22 22.5 45K 1Y D/H 15.8 15.5 15.7 15.2 19.6 15.5 16 45K 2Y 6. 6.2 6.2 6.5 8.5 5.1 5.1 PRICES BULKERS ($ MIO) * Prices reflect Year s End 211* 212* 213* 214* 215* 216* Mar-17 CAPESIZE 5Y 36.3 32. 43.9 39.5 25 24 32.5 CAPESIZE 1Y 26.8 2.5 31. 27.8 13.6 15 2 CAPESIZE 15Y 15.2 12.7 18.2 16.3 8.5 8 12 CAPESIZE 2Y 1.5 9.3 1.1 9. 5.6 5.5 7 PANAMAX 5Y 26.4 18. 25.6 2.1 14 14 2 PANAMAX 1Y 18.6 12.5 17.9 14.6 8.5 8.5 13 PANAMAX 15Y 12.4 8.3 12. 1. 5 5.4 7.5 PANAMAX 2Y 8.1 5.4 7.5 5.4 3.6 3.6 5.2 SUPRAMAX 5Y 26.4 23.3 24.3 2.8 13.6 14 16
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 9. Monthly Tanker Market Trend 7 Monthly 1 Yr TC Rates 8. 6 7. 6. 5 5. 4 4. 3 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 6. Monthly Bulk Carrier Market Trend 35 Monthly 1 Yr TC Rates 5. 3 4. 25 3. 2 15 2. 1 1. 5. CAPE 5Y CAPE 1Y CAPE 15Y PMAX 5Y PMAX 1Y PMAX 15Y SUPRA 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 2 2 1 243 72 28 46 15 1 5 168 3 151 23 THIS MONTH - PREVIOUS MONTH THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market Ship Type Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Total BULK 49 72 41 63 46 72 343 TANK 19 26 2 26 23 3 144 GAS 4 3 3 1 6 17 CONT 4 1 17 9 9 25 74 TWEEN/MPP 4 2 2 2 1 REEF RORO 1 1 2 FERRY 1 2 3 CRUISE Total 8 113 83 14 8 133 593
4 Baltic Clean Tanker - Yearly 92 857 82 784 72 62 52 42 349 32 16 19 22 25 28 31 34 37 4 43 46 49 52 3 6 9 12 15 216 WEEK NO 217 11 1 9 8 7 6 5 4 216 Baltic Dirty Tanker - Yearly 5 148 866 16 19 22 25 28 31 34 37 4 43 46 49 52 3 6 9 12 15 WEEK NO 217 Baltic Clean Tanker - Monthly 85 8 87 75 7 65 72 6 55 61 5 1/3/217 8/3/217 15/3/217 22/3/217 29/3/217 Baltic Dirty Tanker - Monthly 88 86 831 84 82 824 8 799 78 1/3/217 8/3/217 15/3/217 22/3/217 29/3/217 TANKER SALES NAME DWT BLT PRICE $ BUYER ASUKA 6534 24 JAPAN DH 5.5 MIO UNDISCLOSED (Epoxy) CAP FERRET 812 1998 NETHERLANDS DH 2.7 MIO GREEK (Epoxy) EASTERN MERMAID 896 24 JAPAN DH 9 MIO VIETNAMESE (STST) DONG-A PENEUS 12981 29 KOREA DH 1.5 MIO PRIME SHIPPING (Epoxy) LOYAL PEGASUS 1325 28 CHINA DH 11 MIO ASIAN CARIBBEAN ORCHID 19998 29 JAPAN DH 17.5 MIO S KOREAN (STST) FAIRCHEM KISO 21167 211 JAPAN DH 21.8 MIO BOW ARCHITECT 358 25 JAPAN DH 16.7 MIO UNDISCLOSED (STST. Incl 3+1+1 yrs TCB) ODFJELL (STST. Purchase option declared) MARE ACTION 37467 25 KOREA DH 1 MIO UNDISCLOSED TORM ANNE 4557 1999 KOREA DH 7 MIO UNDISCLOSED (Epoxy) ALAM BAKTI 47999 23 JAPAN DH 1 MIO INDONESIAN (Epoxy) MORNING GLORY VIII 9999 22 JAPAN DH 1.2 MIO FAR EASTERN (Epoxy) KYEEMA SPIRIT 113357 1999 KOREA DH 7.7 MIO UNDISCLOSED (DD D 7/17) NISSOS ANAFI 115666 212 KOREA DH 29.1 MIO UNDISCLOSED (SS passed) BW LION 298563 24 KOREA DH * ENBLOC BSS BW LAKE 298564 24 KOREA DH * ENBLOC BSS BW UTIK 29945 21 KOREA DH * ENBLOC BSS BW UTAH 299498 21 KOREA DH * ENBLOC BSS BW BAUHINIA 3119 27 KOREA DH * ENBLOC BSS BE EDELWEISS 3121 28 KOREA DH * ENBLOC BSS BW OPAL 317 212 KOREA DH * ENBLOC BSS DAEWOO 5437 318 218 KOREA DH * ENBLOC BSS DAEWOO 5438 318 218 KOREA DH * ENBLOC BSS BW PEONY 3214 211 CHINA DH * ENBLOC BSS BW LOTUS 32142 211 CHINA DH 538 MIO DHT (Ttl price. Cash and share deal)
$/Day $/Day 5 DAEWOO 5421 3 217 KOREA DH 77.5 MIO ENBLOC BSS DAEWOO 5422 3 217 KOREA DH 77.5 MIO FRONTLINE (Price each) BUNGA KASTURI DUA 3542 25 JAPAN DH 31 MIO AZA SHIPPING FRONT CIRCASSIA 369 1999 JAPAN DH 18.5 MIO UNDISCLOSED DHT ANN 39327 21 KOREA DH 24.8 MIO GAS SALES UNDISCLOSED (Long subs. For conversion) NAME DWT BLT CBM PRICE $ BUYER CRANE RADIUS 3687 27 JAPAN 3448 7 MIO S KOREAN GAS BANGKA 3994 21 JAPAN 3535 7 MIO ENBLOC BSS PGC DARKO KING 6665 1997 JAPAN 3421 4.3 MIO FGAS PETROL (Price each) GAS PAPUA 5354 27 JAPAN 519 8.5 MIO S KOREAN HYUNDAI SAMHO S882 545 217 KOREA 84 83.5 MIO GREEK (Incl TC attached for 5+3 yrs) GOLAR CRYSTAL 8258 214 KOREA 154948 187 MIO CSDC (Sale and TC back) Spot Market - Tankers VLCC SUEZMAX AFRAMAX 7 6 5 4 3 2 1 227 187 128 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 Period Market - Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX 5 45 4 35 3 25 2 15 1 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 265 18 16
6 Baltic Handysize 6 55 535 5 58 457 45 4 2 35 3 1/3/217 8/3/217 15/3/217 22/3/217 29/3/217 Baltic Supramax 1 9 896 84 8 7 2 6 1/3/217 8/3/217 15/3/217 22/3/217 29/3/217 Baltic Panamax 14 13 136 122 12 11 1 4 9 8 1/3/217 8/3/217 15/3/217 22/3/217 29/3/217 Baltic Capesize 3 2765 25 2466 2 15 4 38 1 197 5 1/3/217 8/3/217 15/3/217 22/3/217 29/3/217 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER PAUL 23494 1998 PHILIPPINES CR 4X3 2.6 MIO UNDISCLOSED ZHE HAI 156 23527 29 CHINA GLESS 4.9 MIO CHINESE CLIPPER IZUMO 28338 21 JAPAN CR 4X3 8.4 MIO GREEK ALICE 28426 1997 JAPAN CR 4X3 3 MIO CHINESE LORD BYRON 28685 2 JAPAN CR 4X3 4.5 MIO UNDISCLOSED GIZA I 31842 22 JAPAN CR 4X3 5.15 MIO EUROPEAN OCEAN HARMONY 31882 21 JAPAN CR 4X3 9.2 MIO UNDISCLOSED CAMPANULA 32576 27 JAPAN CR 4X3 6.5 MIO UNDISCLOSED HARLEQUIN 32891 212 CHINA CR 4X3 9.35 MIO UNDISCLOSED ZHE HAI 162 334 29 CHINA GLESS 7.3 MIO CHINESE (Via Auction) AUDREY-TRACY 34118 216 JAPAN CR 4X3 17.5 MIO GREEK INTREPID HARVESTER 34737 212 CHINA CR 4X3 9.8 MIO GREEK HANJIN PERTH 35177 213 KOREA CR 4X3 12 MIO UNDISCLOSED MILAU BULKER 38173 212 JAPAN CR 4X3 14.85 MIO UNDISCLOSED OLGA TOPIC 45483 1995 JAPAN CR 4X25 4 MIO UKRAINIAN TOP BRILLIANCE 45769 1998 JAPAN CR 4X25 3.2 MIO UNDISCLOSED SPARROW 4822 2 JAPAN CR 4X3 5.1 MIO CHINESE CHAVIN QUEEN 51241 29 JAPAN CR 4X3 1 MIO UNDISCLOSED NAVIOS IONIAN 5267 2 JAPAN CR 5X3 5.1 MIO CHINESE STELLA MARIS 52454 27 JAPAN CR 4X3 9.7 MIO UNDISCLOSED ALITIS 5394 22 JAPAN CR 4X3 6.9 MIO BANGLADESHI TUBARAO 5335 27 CHINA CR 4X36 7.15 MIO GREEK OCEAN PIONEER 53489 26 JAPAN CR 4X3 5.8 MIO UNDISCLOSED (Laid up Iran, out of class) ADMIRAL SCHMIDT 5539 27 JAPAN CR 4X3 9.9 MIO UNDISCLOSED
7 HONEST SPRING 55641 28 JAPAN CR 4X3 12 MIO UNDISCLOSED SUN ACAPULCO 5573 26 JAPAN CR 4X3 9.5 MIO GREEK AVENTURIN 56778 212 CHINA CR 4X3 11.7 MIO UNDISCLOSED FELIZ N 57 21 CHINA CR 4X3 8.75 MIO CHINESE JS AMAZON 63227 212 CHINA CR 4X35 * ENBLOC BSS JS COLORADO 63227 212 CHINA CR 4X35 * ENBLOC BSS JS TAMISE 635 213 CHINA CR 4X35 * ENBLOC BSS JS MEKONG 635 213 CHINA CR 4X35 * ENBLOC BSS JS MISSISSIPPI 635 213 CHINA CR 4X35 * ENBLOC BSS JS MISSOURI 635 213 CHINA CR 4X35 * ENBLOC BSS JS NARMADA 635 213 CHINA CR 4X35 * ENBLOC BSS JS SANAGA 635 213 CHINA CR 4X35 * ENBLOC BSS JS YANGTSE 635 213 CHINA CR 4X35 153 MIO US BASED (Ttl Price) MEDI CORK 638 217 CHINA CR 4X3 19.8 MIO UNDISCLOSED JUN HAO 72867 21 KOREA GLESS 5.5 MIO INDIAN JULIAN 73613 23 CHINA GLESS 6.2 MIO UNDISCLOSED UNICO JIANNA 73763 1997 JAPAN GLESS 3.3 MIO CHINESE GRAND LEGEND 74444 26 CHINA GLESS 8.5 MIO UNDISCLOSED ALESSANDRO VOLTA 7686 25 JAPAN GLESS 9.8 MIO GREEK Q SHEA 76939 27 JAPAN GLESS * ENBLOC BSS Q KEEN 81586 212 KOREA GLESS * ENBLOC BSS Q IOANARI 81827 211 KOREA GLESS * ENBLOC BSS Q JAKE 82188 211 JAPAN GLESS * ENBLOC BSS Q ARION 82188 211 JAPAN GLESS * ENBLOC BSS Q SUE 84943 213 JAPAN GLESS * ENBLOC BSS Q DEB 8497 214 JAPAN GLESS * ENBLOC BSS Q KENNEDY 84978 215 JAPAN GLESS * ENBLOC BSS Q MYRTALIA 177979 211 CHINA GLESS * ENBLOC BSS Q ANASTASIA 179188 214 KOREA GLESS * ENBLOC BSS Q AMREEN 179337 215 KOREA GLESS * ENBLOC BSS Q KAKI 181214 214 JAPAN GLESS * ENBLOC BSS Q HOUSTON 181214 214 JAPAN GLESS * ENBLOC BSS Q GAYLE 26565 211 JAPAN GLESS 364 MIO GOLDEN OCEAN (Ttl Price. Equity shares and debt take over deal) NCS BEIJING 8158 29 JAPAN GLESS 14.7 MIO RIMORCHIATORI RIUNITY UNITED PRESTIGE 81918 214 JAPAN GLESS 22.3 MIO GREEK HANJIN PORT KAMSAR 82158 212 JAPAN GLESS 21 MIO ENBLOC BSS HANJIN HADONG 82158 212 JAPAN GLESS 21 MIO PANOCEAN (Price each) BW GRAIN 82675 28 JAPAN GLESS 14.5 MIO SONGA BULK WELSUCCESS 93328 21 CHINA GLESS 15.3 MIO KOREA SHIPPING CCS ANGEL 94274 1995 JAPAN GLESS 5.5 MIO MID EASTERN EARNEST SKY 95735 212 JAPAN GLESS 17.5 MIO GREEK CE-DUKE 1785 21 JAPAN GLESS 19 MIO ENBLOC BSS CE-ALLIANCE 172499 21 JAPAN GLESS 19 MIO GREEK (Price each) HANJIN ESPERANCE 179147 212 KOREA GLESS 29.5 MIO JP MORGAN HANJIN RIZHAO 179194 21 KOREA GLESS 26.5 MIO ENBLOC BSS HANJIN DANGJIN 179255 21 KOREA GLESS 26.5 MIO KOREA LINE (Price each) DONG-A ARTEMIS 179213 212 KOREA GLESS 32.1 MIO US LISTED PACIFIC CAPELLA 18346 212 CHINA GLESS 27 MIO US BASED
$/Day $/Day 8 25 2 Spot Market - Bulkers 285 CAPESIZE PANAMAX HANDYMAX 15 1 5 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 195 78 181 161 141 Period Market - Bulkers 1 Year T/C 17 CAPE PMAX HANDYMAX 121 11 4 175 975 81 61 41 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER AMERICA FEEDER 73 1997 TURKEY CR 2X4 584 2 MIO PHILIPPINO SOPHIA 8166 28 CHINA GLESS 698 3.8 MIO EIMSKIP MARE FOX 16435 23 GERMANY GLESS 12 4.8 MIO UNDISCLOSED SANTA PANAGIA 21196 217 TAIWAN 18 22.2 MIO JAPANESE MANATEE 21416 26 JAPAN CR 3X45 1577 7.5 MIO TANTO LINES HANSA CENTURION 21492 1998 KOREA CR 3X4, CR 1X1 1645 3.2 MIO SM LINE THEA S 3351 22 GERMANY CR 3X45 2474 4.5 MIO INDONESIAN KANAGA ISLAND 33594 25 GERMANY CR 3X45 2474 6.5 MIO ENBLOC BSS ELBA ISLAND 33651 25 GERMANY CR 3X45 2474 6.5 MIO SITC (Price each) CAP BEATRICE 34317 24 KOREA CR 4X4 2556 7.3 MIO TUFTON IMARA 34325 28 CHINA CR 3X45 2564 5.5 MIO SALAM PACIFIC ULYSSES 34393 26 POLAND CR 3X45 251 6.2 MIO SITC PARTICI 41974 21 CHINA GLESS 3534 6.8 MIO UNDISCLOSED PRAIA 41996 29 CHINA GLESS 3534 6.8 MIO UNDISCLOSED HS BRUCKNER 424 29 CHINA GLESS 3534 5.7 MIO ASIAN ANL BARWON 4211 21 CHINA GLESS 3534 6.8 MIO UNDISCLOSED BUFFALO HUNTER 64986 25 KOREA GLESS 4738 7.4 MIO GREEK HANJIN SHENZHEN 8855 28 KOREA GLESS 6655 12.1 MIO ENBLOC BSS HANJIN CHONGQING 8855 28 KOREA GLESS 6655 12.1 MIO SM LINE (Price each)
9 HANJIN NETHERLANDS 118712 211 KOREA GLESS 9954 31 MIO ENBLOC BSS HANJIN KOREA 1188 21 KOREA GLESS 9954 31 MIO ENBLOC BSS HANJIN SPAIN 118814 211 KOREA GLESS 9954 31 MIO ENBLOC BSS HANJIN CHINA 118835 211 KOREA GLESS 9954 31 MIO ENBLOC BSS HANJIN UNITED KINGDOM 118888 211 KOREA GLESS 9954 31 MIO GREEK (Price each) RORO/PASS SALES NAME GT BLT LMTRS/CARS PAX PRICE $ BUYER SLOMAN PROVIDER* 726 2 TURKEY 375/ 12 N/A UNDISCLOSED *Based on market intelligence, had been erroneously reported in our January Monthly Report as sold at levels of USD 2 Mio. Understand has been sold at much higher levels.
$m $m 1 N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S 12 1 8 6 4 Tanker Prices VLCC Suezmax Aframax 8 53 43 32.5 2 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 MR 55 5 45 4 35 3 25 2 15 Bulker Prices Capesize Panamax Handymax Handysize 1 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 42 24.5 23 2 Ship Type 217 218 219+ Total Capesize 63 55 26 144 Panamax 115 35 5 155 Supra/Hmax 26 4 1 256 Handies 175 54 23 252 Total 559 184 64 87 Ship Type 217 218 219+ Total ULCC/VLCC 36 47 3 86 Suezmax 61 21 82 Aframax 65 48 19 132 Panamax 32 14 3 49 MR+Small 176 94 68 338 Total 37 224 93 687 Ship Type 217 218 219+ Total VLGC 26 6 8 4 LGC MR 21 11 1 33 Handy 12 4 1 17 Small 6 2 8 Total 65 23 1 98
m. dwt m. dwt No. of Vessels m. dwt 11 Newbuilding Sales 5 4 3 2 1 398 235 28 79 47 8 Tankers >1, dwt Bulkers >1, dwt Containerships 34 215 216 Mar-17 5 8 Delivery Schedule Bulkers >1, dwt. Tankers >1, dwt 5 45 44.1 4 35 3 27.4 23.8 25 21.1 2 15 1 8.2 5 3.1 Mar-17 218 219+ 3 25 2 15 1 5 VLCC Aframax Products 26.6 15.1 13.1 11.4 3.7 March 217 Tanker Newbuildings on Order Suezmax Panamax Bulker Newbuildings on Order Capesize Panamax Handymax Handysize 4 36.3 35 3 25 2 15.5 15 12.8 8.9 1 5 March 217 Tankers Newbuilding Historical Prices ($m) Mar-17 216 215 214 213 212 211 21 28 25 2 1995 199 1985 31, DWT 1 8 84.5 93.7 97.3 93.8 93.2 98.9 14.8 15 12 76.5 85.3 87.4 17, DWT 1 53 54.5 63 65.5 59.6 57.1 6.3 66.3 9 71.5 52.5 54 66.1 11, DWT 1 43 44.5 52 53.6 52.2 48.5 52.2 56 74 58 41.5 43.3 53.2 47, DWT 1 32.5 32.5 35.4 36.8 34.6 33.8 35.2 36.1 46.5 43 29.5 33.2 Bulkers 18, DWT 1 42 42 46 54.2 53.6 45.7 48.4 57.2 87 58.5 4.5 42.3 6.2 29.3 73, DWT 1 24.5 24.5 25.7 29 27.8 25.6 28.7 34.3 45.5 36 22.5 27.9 3 13.4 45, DWT 23 22.3 24.1 27.2 26.5 23.7 26.7 31.1 41 31 2.5 24.1 25.3 12.4 29, DWT 2 19.5 2.3 22.8 22.2 2.5 22.2 26.3 31 25.5 15 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) 3 32.1 2 38.2 2 28.2 2 18.1 3 13.3
12 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Chem & Oil 355 Shin Kurushima 218 Unknown Chem & Oil 355 Shin Kurushima 219 Unknown Chem & Oil 7 Jiangsu Dajin HI 218 1.5 Mio Unknown Chem & Oil 36 Unknown Japanese 219 Unknown Chem & Oil 36 Unknown Japanese 22 Unknown Chem & Oil 35 Dae Sun Shipbuilding 218 Shokuyu Tanker Co. Container 21 COSCO Guangdong 219 Lomar Shipping Container 21 COSCO Guangdong 219 Lomar Shipping Container 21 COSCO Guangdong 219 Lomar Shipping Container 21 Jiangsu New YZJ 219 Lomar Shipping CS/BW Dredger IHC Dredgers 219 DEME Building Gcargo 42 Chowgule SB 218 Wijnne & Barends Gcargo 42 Chowgule SB 219 Wijnne & Barends Gcargo 42 Chowgule SB 219 Wijnne & Barends Gcargo 42 Chowgule SB 219 Wijnne & Barends Gcargo 42 Chowgule SB 22 Wijnne & Barends Gcargo 42 Chowgule SB 22 Wijnne & Barends Gcargo 42 Lotos Shipyard 218 17. Mio Anship LLC Hvy L/Crane COSCO Qidong 219 GeoSea N.V. L.N.G 89 Daewoo (DSME) 219 Unknown L.N.G. 89 Daewoo (DSME) 219 Unknown L.N.G. 89 Daewoo (DSME) 219 Unknown Option L.N.G. 89 Daewoo (DSME) 219 Unknown Option MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff MPP/Hvy.Lift 18 Zhejiang Ouhua SB 219 Spliethoff Open Hatch 63 Jiangsu New YZJ 218 29.2 Mio Pan Ocean Open Hatch 63 Jiangsu New YZJ 219 29.2 Mio Pan Ocean Open Hatch 63 Jiangsu New YZJ 219 29.2 Mio Pan Ocean Open Hatch 63 Jiangsu New YZJ 219 29.2 Mio Pan Ocean Open Hatch 63 Jiangsu New YZJ 22 29.2 Mio Pan Ocean Pass/Car Cat Triyards Vungtau 218 Pentland Ferries Pass/Car F. Gryfia Shipyd. 219 Polish Baltic Shpg. Pass/Cat Triyards Vungtau 218 Unknown Products 76 CSSC Offshore Marine 218 CSSC Shipping (HK) Products 76 CSSC Offshore Marine 219 CSSC Shipping (HK) Tanker 114 Hyundai Samho HI 218 Sovcomflot JSC Tanker 114 Hyundai Samho HI 218 Sovcomflot JSC Tanker 114 Hyundai Samho HI 218 Sovcomflot JSC Tanker 114 Hyundai Samho HI 219 Sovcomflot JSC Tanker 32 HHIC-PHIL (Subic SY) 219 Cardiff Marine Tanker 32 HHIC-PHIL (Subic SY) 219 Cardiff Marine Tanker 32 HHIC-PHIL (Subic SY) 219 Cardiff Marine Tanker 32 HHIC-PHIL (Subic SY) 219 Cardiff Marine TSH Dredger Shanghai Zhenhua 218 CHEC Dredging Co Ltd TSH Dredger Shanghai Zhenhua 218 CHEC Dredging Co Ltd TSH Dredger 55 Keppel Singmarine 218 Jan De Nul Group TSH Dredger 55 Keppel Singmarine 218 Jan De Nul Group TSH Dredger 55 Keppel Singmarine 218 Jan De Nul Group
Million dwt USD/ton USD/ton 13 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 35 /lt Ldt USD 365 /lt Ldt Bangladesh USD 355 /lt Ldt USD 37 /lt Ldt Pakistan USD 355 /lt Ldt USD 37 /lt Ldt China USD 27 /lt Ldt USD 28 /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 33 325 365 Price Tankers* 214 215 216 217 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices 315 315 35 Price Bulkers* 214 215 216 217 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices 25.6 14.5 4.9 2.35 4.6 3.8 15.9 16.7 18.9 15.5 18 15.6 Total Demolition (Dwt) 3.5 28.428.5 25 27 22.4 1 5.5 6.5 5 12 28.9 25.7 31.58 5.3 41.8 44.6 38.8 34.3 8.3 * Bss reported sales
USD/ton 14 6 Historical Demolition Prices (India Year's End) 5 4 3 2 TANKERS BULKERS Avg. Trend 1 HISTORICAL DEMOLITION PRICES (*Indian Year s End) 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 CURR. TANK 136 174 135 174 262 362 32 45 57 287 338 485 482 45 435 425 3 3 365 BULK 143 17 135 181 267 381 332 392 472 268 328 437 456 375 41 4 285 28 35 India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS CONT THORSTREAM 237 1998 7743 342 CONT MSC ANTONIA 33864 1985 8616 332 Green recycling CONT MSC DIDEM 4318 1987 1473 35 CONT MSC CLAUDIA 59283 1989 19357 373 GAS GAS MAGIC 29171 1989 115 385 Incl abt 7T ROB RORO C-K STAR 3713 1989 7525 257 As is Korea TANK HANDAN STEEL 264971 1994 39152 332 Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK PIRITA 1696 1994 5387 365 BULK SAPAI 2886 1989 688 359 BULK CSK GRANDEUR 1717 2 21464 35 As is Spore incl ROB for voy CONT BRILLIANT 9868 1992 4575 377 CONT MERATUS JAVA 28366 1997 98 36 RORO TOPAZ ACE 14696 1995 13352 365 TANK GRACE PIONEER 3678 1983 1725 31 TANK KRITI AMBER 45614 1995 1245 345 As is Spore TANK SENTINEL I 51546 1985 1644 36 TANK CE-VENTURE 93716 1991 14219 39 As is Spore incl 23T ROB China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK COS INTREPID 74119 21 11659 245
15 Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK SVETI NIKOLA I 44314 1997 9279 357 As is Colombo incl ROB for voy BULK LIWA 7728 1995 164 35 BULK CHANDI PRASAD 15265 1989 18812 39 CONT HONG LEOPARD 3438 1989 1881 365 Turkey TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK SORMOVSKIY-54 3353 1978 1271 2 BULK FEDOR VARAKSIN 1422 1977 551 228 Other TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK THOR HARMONY 47111 21 1317 345 BULK AQUA FORTUNE 15145 1993 18646 387 CONT COLOMBO 6491 199 326 26 As is Pusan CONT BOSUN 35977 21 12654 317 As is port Said CONT AL ENCORE 61441 23 22444 334 As is Davao incl ROB for voy CONT ANL WARATAH 669 25 261 34 As is Spore incl ROB and heavy propeller TANK FPSO MARLIM SUL 277734 1977 53 3 As is Labuan
USD/ton USD/ton 16 8 7 6 5 4 3 2 1 H I S T O R I C A L B U N K E R P R I C E S 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 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 88 315 695 215 14 311 17 56 14 36 216 37 472 34 546 31 525 Mar-17 271 433 287.5 56 266.5 47
$/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 1.6247.86196.722.8495.8286.61526 CAD 1.65932 1 1.4345.1197 1.33585 1.33242 1.219 EUR 1.1599.69889 1.837.93381.93136.71378 JPY 138.57 83.49 119.46 1 111.55 111.26 85.27 CHF 1.24196.74834 1.768.896 1.99725.76423 USD 1.24534.754 1.7357.899 1.258 1.76634 AUD 1.62475.9792 1.471.1172 1.383 1.3467 1 * 31/3/217 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 3.58 3.31 8.2 4.5 2.41 Diana Shipping Inc. DSX 4.68 3.82 22.5 4.97 2.11 Dryships Inc. DRYS 1.64 2.6-2.4 2227.2 1.23 Dynagas LNG Partners LP DLNG 17.58 16.33 7.7 17.83 9.42 Eagle Bulk Shipping Inc. EGLE 5.79 5.34 8.4 23.6 4.6 Euroseas Ltd. ESEA 1.46 1.44 1.4 8.7 1.4 Freeseas Inc. FREEF.1.12-9.3 18..1 Costamare Inc. CMRE 6.58 6.11 7.7 11. 5.7 Navios Maritime Holdings NM 1.88 1.69 11.2 2.4.57 GasLog Ltd. GLOG 15.25 15.45-1.3 17.85 9.1 Paragon Shipping Inc. PRGN.2.6-65 3.94.1 Safe Bulkers Inc. SB 2.32 1.41 64.5 2.55.7 Star Bulk Carriers Corp. SBLK 12. 9.37 28.1 12.25 2.61 Stealthgas Inc. GASS 3.93 4.4-1.7 5.18 2.65 TEN Inc. TNP 4.82 4.63 4.1 6.67 3.92 TOP Ships Inc. TOPS 1.5 2.15-51.2 8.4 1.3 Box Ships Inc. TEUFD.17.37-53.4 4.49.15 Diana Containerships Inc. DCIX 1.36 2.43-44 26.17 1.35 Danaos Corporation DAC 1.75 2.4-27.1 4.9 1.6 Aegean Marine Petroleum ANW 12. 1.1 18.8 13.1 5. 3/3/217 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,