Monthly Shipping Overview October 2017

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Transcription:

Monthly Shipping Overview October 2017

$ (Millions) BSPA 5 yr Index 80 60 40 20 0 60.9 29.2 AFRA 23.4 MR 33 20.4 CAPES 17.1 PANAMAX SUPRAMAX VLCC AFRA MR CAPES PANAMAX SUPRAMAX Oct-2017 VLCC S&P activity in the tanker sector saw some interest from buyers this month. In the Crude segment, VLCC GENER8 ZEUS (318k Dwt, 2010, Korea) was sold to U.S. based buyers at about US$53.0 million. Suezmax GENER8 ARGUS (159k Dwt, Korea,2000) was sold at about US$11.0 million levels. Aframax LR ALDEBARAN (109K Dwt, 2007, China) was reported sold in region US$15.8 million. In the MR tanker segment CHALLENGE PEARL (47k, Dwt 2008, Japan) was sold at mid US$16 s million to Irish buyers. In the Chemical tanker segment, ARABIAN ORCHID (19k Dwt, 2007, Japan, Stainless steel tanks) was committed at about US$14.0 million. 1

In dry bulk S&P, the buying spree continues. In the Cape segment, CHOULLY (182k Dwt, 2016, Japan) was sold at high $44 s million. CAPE TRIUMPH (176 Dwt, 2016, Japan) was sold to Chinese buyers at about US$45.0 million. Asian buyers acquired 2015 built Kamsarmax SBI RUMBA (84K Dwt, Japan) at about US$19.6 million. In the Panamax segment CHENGYANG EMINENCE (76k Dwt, 2013, China) were sold at about US$16.5 million. Supramax NANDINI (56k Dwt, 2007, Japan) was committed at about US$12.0 million. In the handy segment, GALENE M (33k Dwt, 2011, China) was sold at mid US$12 s million. This month in demolition market, cash buyers and ship breakers remained engaged in securing tonnage during and post festive season in India. Price levels subcontinent remained stable across subcontinent. However, as supply of suitable units dwindles owing to increased freights in the dry bulk sector, we can expect to see an increase in price levels for the remaining of the year. 2

Southeast Asia and India are set to pick up the slack and drive global coal demand through 2040 as China cuts use of the fossil fuel to fight pollution, forecasts from the International Energy Agency and Wood Mackenzie show. India and Southeast Asia will account for the bulk of increased coal use in the decades ahead as they rely on one of the cheapest sources of power to supply electricity, although pollution concerns have delayed some projects. As per the IEA, Some 100 gigawatts (GW) of new coal-fired capacity is expected to be built in Southeast Asia by 2040, boosting the total installed capacity to 160 GW. Forty percent of the new capacity will be in Indonesia, Southeast Asia will become a net coal importer by 2040 as production slips to about 375 million tonnes of coal equivalent (mtce), while demand rises 3.7 percent yearly to 387 mtce, the agency said. Imports into South Asia, which includes India, Bangladesh and Pakistan, will rise to 284 million tonnes, up 72 percent during the same period (Source: Reuters) Oil prices dipped towards the last week of the month after the United States reported record crude exports, although traders said that efforts led by OPEC and Russia to cut production meant markets remained well supported overall. The declines came after the Energy Information Administration (EIA) said late on Wednesday that U.S. crude oil exports jumped to 1.98 million barrels per day (bpd) last week, surpassing the 1.5 million bpd record set the previous week. The increase has been triggered by the wide spread between U.S. WTI and international Brent crude prices, which makes U.S. oil exports attractive. Some traders said this was also an indicator that markets remained amply supplied despite efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to cut output to tighten the market and prop up prices. But analysts said that oil prices were unlikely to fall much further. (Source: Reuters) 3

$ Million $ Million 120 100 80 60 40 20 BULKERS NEW BUILDING PRICES 43.0 25.0 23.5 21.5 CAPE PANAMAX SUPRAMAX HANDYSIZE 0 2002 2004 2006 2008 2010 2012 2014 2016 180 160 140 120 100 TANKERS NEW BUILDING PRICES VLCC SUEZMAX AFRAMAX LR1 MR 80 60 40 20 0 2002 2004 2006 2008 2010 2012 2014 2016 54 43 40 33.5 81 4

Tanker Freight Rates - World Scale 215 SUEZMAX (TD 5) VLCC (Gulf - US Gulf) 2008 98 87 99 30 2009 2010 49 78 2011 3,500.00 37 68 31 102.5 37.5 75 28 82 37 69 34 30 2012 2013 2014 75 2015 2016 2017 Baltic Indices - Monthly Trend 3,000.00 2,500.00 2,000.00 1,500.00 1,000.00 500.00 0.00 27-Sep-17 02-Oct-17 07-Oct-17 12-Oct-17 17-Oct-17 22-Oct-17 27-Oct-17 01-Nov-17 BDI (Baltic Dry Index) BCI (Baltic Capesize Index) BPI (Baltic Panamax Index) BSI (Baltic Supramax Index) BHSI (Baltic Handysize Index) BDTI (Baltic Dirty Tanker Index) BCTI (Baltic Clean Tanker Index) 5

Interest Rates 6.00 1 Year LIBOR 5.00 4.677 5.335 4.901 4.00 3.962 3.00 2.00 1.00 1.455 2.529 1.264 0.777 0.79 1.12 0.58 0.56 1.18 1.58 1.85 0.00 2003 2005 2007 2009 2011 2013 2015 2017 2019 Average Commodity Prices Australian Coal ($ / Ton) Crude Oil ($ / Barrel) 100.00 Iron Ore (US Cnts / DMTU) 1% Fe 59.09 93.17 80.00 98.25 61.7 60.00 49.73 57.69 40.00 20.00 0.00 Oct-16 6 Oct-17

Asset BULKER FLEET New Building Order Book Present Fleet 2017 2018 2019+ TOTAL TOTAL Recycling 2017 Till Date Tonnage Profile >20 Years Cape / VLOC 22 58 50 130 1691 24 85 84 Kamsarmax/Panamax 36 60 59 155 2504 44 175 315 15-19 Years Supramax/Handymax 72 62 34 158 3536 61 331 304 Handysize 43 83 28 154 3358 44 468 285 Asset TANKER FLEET New Building Order Book Present Fleet 2017 2018 2019+ TOTAL TOTAL Recycling 2017 Till Date Tonnage Profile >20 Years VLCC / ULCC 12 46 35 93 729 9 110 146 15-19 Years SUEZMAX 16 34 11 61 553 9 63 101 AFRAMAX 22 63 34 119 1001 22 106 150 MR 49 55 28 132 2116 19 171 217 7

TANKER SALES S. No VSL NAME DWT BUILT YARD BUYER PRICE (USD) COMMENT U.S. BASED 1 GENER8 ZEUS 318325 2010 KOREA BUYERS 53.0 MILL 2 GENER8 POSEIDON 305796 2002 KOREA INDIAN 22.5 MILL 3 FUJIKAWA 299984 2004 JAPAN GREEK 27.2 MILL 4 TRIKWONG VENTURE 298000 2011 CHINA UK 53.0 MILL 5 GENER8 ARGUS 159901 2000 KOREA UNDISCLOSED 11.0 MILL 6 LR ALDEBARAN 109700 2007 CHINA UNDISCLOSED 15.8 MILL 7 OCEAN MARE 106000 2006 KOREA GREEK 13.8 MILL 8 BLS ADVANCE 84999 2002 JAPAN GREEK 7.8 MILL 9 HIGH PROSPERITY 48700 2006 JAPAN NORWEGIAN 13.8 MILL 10 CHALLENGE PEARL 47451 2008 JAPAN IRISH 16.5 MILL IMO III 11 HIGH PRIORITY 46847 2005 JAPAN NORWEGIAN 13.0 MILL 12 RESOLVE 46048 2004 KOREA UNDISCLOSED 11.2 MILL IMO III 13 CAPE BON 39999 2003 KOREA GREEK HIGH 8 s MILL IMO III 14 MAERSK ELLEN 36962 2002 CROATIA NIGERIAN 9.5 MILL IMO II/III 15 SEAWAYS AMBERMAR 35970 2002 KOREA UNDISCLOSED 9.0 MILL 16 SPRUCE GALAXY 20768 2006 JAPAN DENMARK 15.25 MILL STAINLESS STEEL 17 ARABIAN ORCHID 19984 2007 JAPAN UNDISCLOSED 14.0 MILL STAINLESS STEEL 18 SINAR JOGYA 18010 2001 CHINA UNDISCLOSED 7.9 MILL 19 LADY VENUS 13904 2008 CHINA UNDISCLOSED - 20 RITA 13843 1996 ITALY CHINESE 5.2 MILL IMO I/II 8

TANKER SALES S. NO VSL NAME DWT BUILT YARD BUYER PRICE (USD) COMMENT 21 ORIENTAL WISTERIA 12499 2001 JAPAN KOREAN 7.8 MILL IMO II/III 22 ZEYNEP A 11276 2007 TURKEY UNDISCLOSED HIGH 8 MILL IMO II 23 COASTAL NO. 3 6020 2011 CHINA SINGAPOREAN 5.5 MILL 24 WILBERFORCE 1561 2007 INDIA UNDISCLOSED - TANKER NEWBUILDINGS S.NO VSL DWT YARD BUYER PRICE (USD) DELIVERY COMMENT NO NEWBUILDINGS ORDERS REPORTED 9

BULKER SALES S.NO. VSL NAME DWT BUILT YARD BUYER PRICE (USD) COMMENT 1 CHOULLY 182618 2016 JAPAN UNDISCLOSED HIGH 44 s MILL SEA MONTERREY & SEA 2 BEHIKE 180513 2016 KOREA UNDISCLOSED - 3 BULK INDIA 177640 2004 JAPAN UNDISCLOSED 15.2 MILL 4 CAPE TRIUMPH 176343 2016 JAPAN CHINESE 45.0 MILL 5 CSK FORTUNE 175526 2003 CHINA GREEK 12.85 MILL 6 MEDITERRANEAN TRADER 169237 2008 KOREA GREEK 17.5 MILL 7 YANGZE NAVIGATION 93236 2010 CHINA INDIAN 16.0 MILL 8 SBI RUMBA 84867 2015 JAPAN JAPANESE 19.6 MILL 9 AUSTYN OLDENDORFF 83617 2008 JAPAN GREEK 17.6 MILL ORIENT HOPE & ORIENT 10 FORTUNE 81628 2013 CHINA GREEK 17.0 MILL EACH 11 PRIVOCEAN 81434 2013 KOREA UNDISCLOSED 12.35 MILL 12 LUCAS OLDENDORFF 81426 2009 JAPAN GREEK 16.5 MILL 13 GUAN HAI 228 80013 2012 CHINA UNDISCLOSED 15.1 MILL 14 PUGNANI 76602 2004 JAPAN UNDICLOSED 11.5 MILL 15 ADS KRISTIANSAND 76565 2008 JAPAN GREEK 14.9 MILL 16 DARYA UMA 76520 2005 JAPAN UNDICLOSED 12.5 MILL 17 CHENGYANG EMINENCE 76117 2013 CHINA UNDISCLOSED 16.5 MILL 18 RAVE 75230 2001 KOREA UNDISCLOSED - 19 DREAM SEAS 75151 2009 CHINA CHINESE 14.1 MILL 20 HEPHAESTUS 74297 2001 KOREA UNDISCLOSED 8.4 MILL 10

BULKER SALES S.NO. VSL NAME DWT BUILT YARD BUYER PRICE COMMENT 21 STAR VANESSA 72493 1999 JAPAN UNDISCLOSED HIGH 6 s MILL 22 BENCHMARK 70529 1998 JAPAN UNDISCLOSED 5.8 MILL 23 TENMYO MARU 58749 2008 JAPAN UNDISCLOSD 13.0 MILL CR 4X30T 24 ROWAN 1 57970 2010 CHINA GERMAN 10.0 MILL CR 4X35T 25 DESERT GLORY 57412 2011 KOREA UNDISCLOSED - CR 4X30T 26 SARATOV 57000 2011 CHINA EUROPEAN 12.0 MILL EACH CR 4X30T GH SECRETARIAT & GH 27 PHAR LAP 57000 2012 CHINA CHINESE 26.4 MILL ENBLOC CR 4X30T 28 DAXIA 56811 2011 CHINA UNDISCLOSED 12.0 MILL CR 4X36T 57000 29 SMOLENSK & SIBAI 56764 2011 CHINA UNDISCLOSED 12.0 MILL EACH CR 4X30T 30 NANDINI 56071 2007 JAPAN UNDISCLOSED 12.0 MILL CR 4X30T 31 OCEAN HAWK I 56039 2007 JAPAN UNDISCLOSED 13.0 MILL CR 4X30T 32 NEPTUNE PIONEER 55921 2007 JAPAN GREEK 12.5 MILL CR 4X30T 33 NORD ANGEL 55696 2010 JAPAN TAIWANESE 15.0 MILL CR 4X30T 34 NONNA ULIA 55667 2010 JAPAN UNDISCLOSD 14.75 MILL CR 4X30T 35 OCEAN PEARL 55557 2004 JAPAN INDONESIAN 10.0 MILL CR 4X30T 36 S-BRAVERY 53553 2002 JAPAN UNDISCLOSED 9.0 MILL CR 4X30.5T 37 CHANG HUA 53000 2012 CHINA W/IN CHINA 10.2 MILL CR 4X30T 38 MILESTONE 52370 2003 JAPAN CHINESE 9.1 MILL CR 4X30T 39 OCEAN FRIEND 51758 2009 JAPAN UNDISCLOSED 12.5 MILL CR 4X30T 40 LE TONG PATRIOT 50785 2006 CHINA CHINESE 6.5 MILL CR 4X40T 11

BULKER SALES S.NO. VSL NAME DWT BUILT YARD BUYER PRICE COMMENT 41 KSL HUAYANG 50244 2000 JAPAN CHINESE 7.8 MILL CR 4X30.5T 42 SEA MASTER 58983 2001 JAPAN CHINESE 7.5 MILL CR 4X30T 43 ELECTRA 48893 2001 JAPAN UNDISCLOSED 7.8 MILL CR 4X30T 44 TOMINI AMITY 45642 1995 JAPAN UKRAINIAN 4.2 MILL CR 4X25T 45 OLUJA 42584 1996 CROATIA CHINESE 4.2 MILL CR 4X25T 46 TENG HANG 35000 2011 CHINA UNDISCLOSED 8.9 MILL CR 4X36T 47 GALENE M 33158 2011 JAPAN EUROPEAN 12.5 MILL CR 4X30.5T 48 ASTER K 32588 2006 JAPAN UNDISCLOSED 8.5 MILL CR 4X30.5T 49 IVS KITE 32556 2002 JAPAN UNDISCLOSED 6.6 MILL CR 4X30.5T 50 CLIPPER KASASHIO 32221 2008 JAPAN UNDISCLOSED 9.45 MILL CR 4X30.5T 51 GREAT MARY 32170 2000 JAPAN UNDISCLOSED EX 5 MILL CR 4X30T 52 CLIPPER TRADER, CLIPPER TRADITION, CLIPPER TITAN, CLIPPER TERMINUS 30487 2008 JAPAN EUROPEAN 30 MILL ENBLOC CR 4X30T 53 SIGRUN BOLTEN 29534 1997 CHINA CHINESE 3.6 MILL CR 5X30T 54 LASER ACE 28416 2007 JAPAN GREEK HIGH 7 s MILL CR 4X30.5T 55 HOPE STAR & PAC STAR 28294 1995 JAPAN CHINESE 2.7 MILL EACH CR 4X30.5T 56 MINAS 27865 1997 JAPAN CHINESE 3.3 MILL CR 4X30.5T 57 KIMBERLY 25331 1998 JAPAN TAIWANESE - CR 2X14.5T 58 SAINT FANOURIS 21274 2007 CHINA GREEK 5.5 MILL CR 3X25T 59 SOTRA 16239 2001 JAPAN TURKISH 4.0 MILL CR 4X30T 60 DONG THO 10094 1998 JAPAN MIDDLE EASTERN 1.4 MILL CR 2X30T 12

BULKER SALES S.NO. VSL NAME DWT BUILT YARD BUYER PRICE COMMENT 61 OCEAN FELICITY 10071 2009 JAPAN VIATNAMESE LOW 3'S MILL CR 2X30T 62 HONG TAI HUA 667 5000 2005 CHINA CHINESE 1.3 MILL CR 4X25T BULKER NEWBUILDINGS S.NO VSL DWT YARD BUYER PRICE (USD) DELIVERY COMMENT 1 2X 325000 HHI KOREA LINES - 2019-20 ORE CARRIERS 2 2X +2 180000 HHI MOSVOLD SHIPPING - 2019-20 3 2X 64000 CHENGXI SHIPYARD NOVA SHIPPING - 2019 WOODCHIP CARRIERS 4 1X 20500 FUJIAN SB FUJIAN YONGHANG - 2017 13

CONTAINER SALES S.NO. VSL NAME DWT TEU BUILT YARD BUYER PRICE (USD) COMMENT 1 PUELO 91110 6541 2006 KOREA 2 PUCON 81099 6541 2006 KOREA 3 HAMBURG 72665 6494 2009 JAPAN 4 ROTTERDAM 72665 6494 2008 JAPAN 5 MARCH 67270 5576 2004 JAPAN 6 GREAT 67270 5576 2004 JAPAN 7 PAMINA 66821 5042 2005 KOREA GREEK 104.0 MILL ENBLOC 8 HS PARIS & HS ROME 84155 6550 2012 CHINA UNDISCLOSED 13.5 MILL ENBLOC 9 AKINADA BRIDGE 71366 5610 2001 KOREA UNDISCLOSED - 10 SCT QATAR & SCT OMAN 63300 4860 2010 ROMANIA UNDISCLOSED 11.0 MILL EACH 11 ALS FAUNA 51733 4275 2008 KOREA CHINESE 13.8 MILL 12 QUEENS QUAY 50900 4253 2003 KOREA INDIAN 8.5 MILL 13 MOL DEDICATION 50596 4250 2008 CHINA CHINESE 9.8 MILL 14 JULES VERNE 50466 4249 2010 CHINA UNDISCLOSED 10.3 MILL 15 STADT SEVILLA 41253 2758 2010 CHINA HONGKONG - CR4X45T 16 HS ONORE 38608 2846 2006 KOREA GERMAN 8.75 MILL 17 RIO TESLIN & RIO THELON 34567 2004 2004 KOREA UNDISCLOSED - CR 4X40T 18 WUHAN TRADER 34221 2560 2008 CHINA NORWEGIAN 10.0 MILL CR 3X45T 14

CONTAINER SALES S.NO. VSL NAME DWT TEU BUILT YARD BUYER PRICE (USD) COMMENT 19 FRISIA LOGA & FRISIA HANNOVER 33812 33742 2478 2005-06 GERMANY DANISH 9.35 MILL EACH CR 3X45T 20 TG POSEIDON 33650 2474 1999 KOREA U.K. BASED BUYERS - CR 3X45T 21 SANTA FRANCESCA 30029 2170 1998 GERMANY ITALIAN 4.3 MILL CR 2X45T, 2X35T 22 HANSA MAGDEBURG 23454 1740 2003 CHINA NORWEGIAN 4.7 MILL CR 2X40T 23 SHASTA 22420 1684 1997 POLAND UNDISCLOSED - CR 3X45T 24 TIGER GOMAN & HS LISZT 17350 1350 2007 CHINA NORWEGIAN 7.0 MILL EACH CR 2X45T 25 FSL SANTOS 16439 1221 2003 GERMANY UNDISCLOSED 9.4 MILL 26 SINAR BUTON 14978 1200 2008 JAPAN UNDISCLOSED EX 7.5 MILL CONTAINER NEWBUILDINGS S.NO VSL TEU YARD BUYER PRICE (USD) DELIVERY COMMENT NO NEWBUILDINGS ORDERS REPORTED 15

MISCELLENOUS SALES S.NO. VSL NAME DWT BUILT YARD BUYER PRICE (USD) COMMENT GAS TANKERS 1 EXCEL 77773 2003 KOREA UNDISCLOSED 46.0 MILL 138 CBM, LPG CARRIER GENERAL CARGO, REEFERS, LIVESTOCK & MPP VESSELS 1 BBC STEINHOEFT 12,811 2006 CHINA UNDISCLOSED 5.5 MILL MPP, CR 2X120T 2 ORIENT KING 11,300 2007 JAPAN UNDISCLOSED 3.7 MILL MPP, CR 1X70T, 2X35T OFF SHORE VESSELS 1 XIA ZHI YUAN 6 38000 2012 ZHEJIANG PENINSULA RMB 200 RMB 200.0 MILL SOLD AT AUCTION. HEAVY LIFT CRANE 2 E.R.ATHINA & E.R.GEORGINA 4100 4831 2009-10 STX BREVIK UNDISCLOSED 22.2 MILL PSV, ENBLOC 3 HONG LIN JUN 18-2009 YIYANG ZHONGHAI SY CHINESE RMB 6.05 MILL DREDGER 4 FAR SERVICE 4680 1995 SOEVIKNES VERFT UNDISCLOSED - PSV 5 POST VIRTUE 2622 2009 YUEXIN ENGINEERING UNDISCLOSED - AHTS 6 POST VIBRANT 2606 2008 YUEXIN ENGINEERING UNDISCLOSED - AHTS 7 POSH VIKING 2597 2008 YUEXIN ENGINEERING UNDISCLOSED - AHTS SANKO 8 BRILLIANCE 2554 2009 UNIVERSAL SB KEIHIN UNDISCLOSED - AHTS 9 SANKO BARON 2547 2009 UNIVERSAL SB KEIHIN UNDISCLOSED - AHTS 10 OCEAN LIBERTY 1200 1980 HALTER (MOSS POINT) UNDISCLOSED - AHTS 16 11 SEABULK RAVEN 1083 1980 ULSTEIN ULSTEINVIK UNDISCLOSED - AHTS

MISCELLENOUS NEWBUILDINGS S.NO VSL DWT YARD BUYER PRICE (USD) DELIVERY COMMENT SUEZ CANAL 1 3X - IHC DREDGERS AUTHORITY - 2019-20 CS/BW DREDGERS 2 1X - IHC O&M KRIMPEN SUBSEA 7-2020 PIPE LAYER 3 2X 55000 HHI VITOL GROUP - 2019 84K CBM, LPG CARRIERS 4 1X 3030 ONEGA ROSMORPORT - 2019 TSH DREDGER 5 2X 1100 AUSTAL PTY. LTD. 6 1X 800 TSUNEISHI ZHOUSHAN LINEAS FRED OLSEN 63.0 MILL EACH 2020 RORO/PASS VESSEL TSUNEISHI HOLDINGS - 2020 CRUISE VESSEL 17

DEMO SALES ALANG, INDIA S.NO NAME DWT TYPE BUILT LDT BUYING PRICE $ /LDT 1 LION (NAVION SAGA) 149000 TANKER 1991 22583-2 RISE FORTUNE 96226 TANKER 1995 14568-3 CHAMPION 40525 TANKER 1990 10000-4 SCANDINAVIAN REEFER 11100 REEFER 1992 6516 215 5 BALTIC MERCURY 11067 REEFER 1987 5961 375 6 ARION 2690 TANKER 1988 981 - DEMO SALES CHITTAGONG, BANGLADESH S.NO NAME DWT TYPE BUILT LDT BUYING PRICE $ /LDT (GROSS) 1 EVITA 66895 TANKER 1993 13084 412 2 ADMIRAL 1 45683 TANKER 1995 10238-3 KRITI AMETHYST 45614 TANKER 1996 12450 425 COMMENTS COMMENTS 4 LOBATO 44600 TANKER 1993 10979 384 5 PANORMITIS AV 41551 BULKER 1996 9675 398 6 BLACK SEA 21373 BULKER 1983 5187-7 KULTHARA 12725 BULKER 1998 4719 376 8 SSL SAGARMALA 9918 CONTAINER 1989 3250 400 GENERAL 9 CRYSTAL SUN 7,817 CARGO 1977 2384 365 10 LYRA 5076 BULKER 2004 1763 340 11 SELATAN DATANG 3956 BULKER 1997 1667 335 18

DEMO SALES GADANI, PAKISTAN S.NO NAME DWT TYPE BUILT LDT BUYING PRICE $ /LDT (GROSS) COMMENTS 1 SILVER EXPRESS 161010 BULKER 1995 20039 428 2 VISION 70280 BULKER 1986 9200-3 WOOLAMAI 66708 CONTAINER 2002 19576 427 4 TAMIL KAMARAJ 45234 BULKER 1987 10209 392 5 ORION 24050 CONTAINER 1997 9534-6 GITTE 9868 CONTAINER 1992 4601 395 DEMO SALES CHINA S.NO. NAME DWT TYPE BUILT LDT BUYING PRICE $ /LDT COMMENTS NO SALES TO REPORT DEMO SALES TURKEY S.NO. NAME DWT TYPE BUILT LDT BUYING PRICE $ /LDT COMMENTS NO SALES TO REPORT 19

DEMO SALES AS IS S.NO NAME DWT TYPE BUILT LDT BUYING PRICE $ /LDT COMMENTS 1 AMBA BHAVANEE I 107081 TANKER 2003 16526 - AS IS ARUBA 2 ALFA GERMANIA 99193 TANKER 1998 16567 - AS IS PORT SAID 3 TERESA HEBEI 76436 BULKER 2004 10181 255 AS IS PULANG PISAU 4 THEOFANO STAR 72651 BULKER 1998 9970 367.5 AS IS KHOR FAKKAN 5 HYUNDAI HIGHNESS 68290 CONTAINER 1996 22600 395 AS IS BUSAN 6 KRITI AMETHYST 45614 TANKER 1996 12450 405 AS IS FUJIARAH 7 UNI-CONCERT 17446 CONTAINER 1993 5823 360 AS IS KAOHSIUNG OFFSHORE 8 ARMADA CONDOR 4500 (DIVE SUPPORT) 1978 3773 420 AS IS DUBAI 20

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