Apr-3 Aug-3 Dec-3 Apr-4 Aug-4 Dec-4 Apr-5 Aug-5 Dec-5 Apr-6 Aug-6 Dec-6 Apr-7 Aug-7 Dec-7 Apr-8 Aug-8 Dec-8 Apr-9 Aug-9 Dec-9 Apr-1 Aug-1 Dec-1 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13 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@atheniansa.gr M O N T H L Y R E P O R T Baltic Dry Index April 213 PRICES TANKERS ($ MIO) * Prices reflect Year s End 28* 29* 21* 211* 212* Apr-13 VLCC 5Y 155.8 78. 87.8 55.6 56. 55.5 VLCC 1Y 131. 59.5 64.3 34.1 35. 35. SUEZMAX 5Y 16. 57. 62.8 45.6 4.2 39.5 AFRAMAX 5Y 76.8 4.5 44.5 34.7 28. 27.5 AFRAMAX1Y 64.7 23.5 3.7 19.3 16.3 17.3 PANAMAX5Y 61. 35.5 39. 3.9 24.3 24.5 45K 5Y D/H 52.7 23.5 27.3 25.8 23. 23.8 45K 1Y D/H 43.2 16. 19.7 15.8 15.5 16.2 45K 2Y 1. 4. 6.7 6. 6.2 6.5 PRICES BULKERS ($ MIO) * Prices reflect Year s End 28* 29* 21* 211* 212* Apr-13 CAPESIZE 5Y 45.5 54.5 57. 36.3 32. 32.5 CAPESIZE 1Y 3. 45. 43. 26.8 2.5 21. CAPESIZE 15Y 21. 28. 26. 15.2 12.7 13. CAPESIZE 2Y 15.2 16.5 16.4 1.5 9.3 9. PANAMAX 5Y 25.5 35. 38.5 26.4 18. 18.5 PANAMAX 1Y 19. 27.5 31.6 18.6 12.5 13.1 PANAMAX 15Y 12.5 22. 23.1 12.4 8.3 8. PANAMAX 2Y 9.2 12. 13.8 8.1 5.4 5.1 SUPRAMAX 5Y 24. 27.5 31.9 26.4 23.3 2. HANDYMAX1Y 18.2 22. 24.7 18. 13. 12.6 HANDYMAX15Y 13. 17.5 2. 11.1 8.7 8.5 HANDYMAX2Y 7.4 11. 12. 7.9 6.3 6.1
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 18. Monthly Tanker Market Trend 1 Monthly 1 Yr TC Rates 16. 9 14. 8 12. 7 1. 8. 6. 4. 6 5 4 3 2 2. 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 16. Monthly Bulk Carrier Market Trend 18 Monthly 1 Yr TC Rates 14. 16 12. 14 1. 8. 6. 12 1 8 6 4. 4 2. 2. 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 6 3 4 2 396 346 33 28 THIS MONTH - PREVIOUS MONTH 2 1 189 23 34 46 THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market - Second Hand units Ship Type Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 Total BULK 48 3 58 37 28 33 234 TANK 3 22 31 18 46 34 181 GAS 4 4 5 4 6 5 28 CONT 18 5 11 13 13 11 71 TWEEN 1 2 2 1 1 7 REEF 1 1 RORO 2 1 1 1 5 FERRY 1 1 CRUISE Total 13 64 18 73 94 86 528
4 Baltic Clean Tanker - Yearly 8 767 75 7 75 65 614 644 6 628 55 5 558 18 21 24 27 3 33 36 39 42 45 48 51 2 5 8 11 14 17 212 WEEK NO 213 Baltic Clean Tanker - Monthly 7 68 683 66 64 62 623 6 613 58 56 28/3/213 4/4/213 11/4/213 18/4/213 25/4/213 Baltic Dirty Tanker - Yearly 8 767 772 75 7 696 65 665 6 55 66 5 18 21 24 27 3 33 36 39 42 45 48 51 2 5 8 11 14 17 212 WEEK NO 213 Baltic Dirty Tanker - Monthly 75 712 7 65 659 638 6 63 55 28/3/213 4/4/213 11/4/213 18/4/213 25/4/213 TANKER SALES NAME DWT BLT PRICE $ BUYER ANATOLIA SKY 3842 25 JAPAN DH 5 MIO GREEK MOUNT JIUHUA 9119 211 CHINA DH 8.6 MIO SINGAPOREAN (Via Auction) HELENE KNUTSEN 14848 1992 SPAIN DH 6 MIO WEST AFRICAN MARIELLA AMORETTI 15748 1998 GERMANY DH 7.5 MIO UNDISCLOSED GOURITZ 165 212 CHINA DH 16 MIO EUROPEAN GAMTOOS 165 212 CHINA DH 16 MIO EUROPEAN LEO STAR 17568 28 S.KOREA DH 12.8 MIO GREEK (Via Auction) DORIS 1996 1984 JAPAN DH 3.4 MIO UNDISCLOSED BOW LIMA 19971 27 JAPAN DH * ENBLOC BSS BOW CAPE 19975 28 JAPAN DH 46 MIO SINOCHEM (Stst tanker. Total Price) BOW RIO 19999 25 JAPAN DH 2 MIO UNDISCLOSED (Stst tanker) KALTENE 37261 23 S.KOREA DH 12.9 MIO GREEK UACC SILA 515 29 S.KOREA DH 29 MIO UACC (Purchase option) STX JINHAE 1463 54 213 S.KOREA DH 34.5 MIO GREEK INDIGO POINT 5922 27 S.KOREA DH * ENBLOC BSS IVORY POINT 5922 27 S.KOREA DH 46.5 MIO GREEK (Bss TC attached at Usd 16 k & Usd 14.5 k Pd. Total Price) HYUNDAI MIPO 2347 52 213 S.KOREA DH * ENBLOC BSS HYUNDAI MIPO 2348 52 213 S.KOREA DH * ENBLOC BSS HYUNDAI MIPO 2349 52 213 S.KOREA DH * ENBLOC BSS HYUNDAI MIPO 235 52 213 S.KOREA DH 146 MIO SCORPIO TANKERS (Total Price) CHEMTRANS SUN 71675 1999 CHINA DH 7 MIO NIGERIAN ATHENS STAR 73869 25 CHINA DH * ENBLOC BSS HAMBURG STAR 73869 25 CHINA DH * ENBLOC BSS LONDON STAR 73869 26 CHINA DH * ENBLOC BSS NEW YORK STAR 73869 26 CHINA DH 74 MIO BW SHIPPING (Bank driven deal)
$/Day $/Day 5 MARAN ALTAIR 9888 1997 S.KOREA DH 9.3 MIO SOECHI, ASIA NORDMARK 15337 1998 S.KOREA DH 8.2 MIO UKRAINIAN (SS/DD Due) BRITISH OAK 16395 23 JAPAN DH 15 MIO GREEK (RBS controlled sale) EAGLE ALBANY 1716 1998 JAPAN DH 9.5 MIO FAR EASTERN NORTHERN SPIRIT 112827 29 CHINA DH 3 MIO SONANGOL, ANGOLA ALMI EXPLORER 15743 213 S.KOREA DH 55 MIO UNDISCLOSED ARTOIS 29833 21 JAPAN DH 28 MIO SBM EAGLE VALENCIA 36999 25 S.KOREA DH * ENBLOC BSS EAGLE VENICE 39164 25 S.KOREA DH 8 MIO GREEK (Total Price) GAS SALES NAME DWT BLT CBM PRICE $ BUYER SAKURA SERENITY 3147 26 JAPAN 3443 11 MIO GREEK SAKURA SYMPHONY 3161 28 JAPAN 3514 12 MIO GREEK TOYO MARU 741 27 ROMANIA 6459 22.5 MIO TUFTON OCEANIC GROUP CRYSTAL MERMAID 49618 199 JAPAN 75382 22.5 MIO UNDISCLOSED FLANDERS HARMONY 6422 1992 BULGARIA 85826 3 MIO UNDISCLOSED Spot Market - Tankers VLCC SUEZMAX AFRAMAX 5 4 3 2 1 2123 144 716 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Period Market - Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX 3 25 2 15 1 5 185 157 13 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13
6 Baltic Handysize 55 543 544 54 537 53 52 51 518 2 5 28/3/213 4/4/213 11/4/213 18/4/213 25/4/213 Baltic Supramax 96 94 933 92 94 9 88 9 898 2 86 84 28/3/213 4/4/213 11/4/213 18/4/213 25/4/213 125 12 115 11 15 1155 Baltic Panamax 122 121 4 129 119 177 117 1 28/3/213 4/4/213 11/4/213 18/4/213 25/4/213 129 127 125 123 Baltic Capesize 1265 4 44 38 123 1214 115 28/3/213 4/4/213 11/4/213 18/4/213 25/4/213 4 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER AFRICAN ORYX 2411 1997 CHINA CR 4X3 3.8 MIO CHINESE (SS/DD Due) SAN SIMEON 28572 1997 CHINA CR 4X3 4.9 MIO UNDISCLOSED NEW LIGHT 28616 22 JAPAN CR 4X3 11.1 MIO GREEK NORTHERN LIGHT 29756 21 JAPAN CR 4X3 1.8 MIO UNDISCLOSED VENUS SHINING 29828 26 JAPAN CR 4X31 14.2 MIO GREEK BRIGHT LAKER 3778 21 JAPAN CR 4X3 9.8 MIO UNDISCLOSED GREAT MARY 3217 2 JAPAN CR 4X3 13 MIO CHINESE ORIENT TRIBUNE 335 211 CHINA CR 4X35 16 MIO USA BASED ORIENT TRIUMPH 335 213 CHINA CR 4X35 18.7 MIO USA BASED C. EMERALD 42174 1994 JAPAN CR 4X25 6.5 MIO UNDISCLOSED GLORY SANYE 45216 1994 JAPAN CR 4X25 6.6 MIO MIDDLE EASTERN KEN 46747 1998 JAPAN CR 4X3 9.5 MIO UNDISCLOSED HONESTY OCEAN 4724 1997 JAPAN CR 4X3 8.3 MIO UNDISCLOSED STAR SEA BREEZE 485 21 JAPAN CR 4X3 11.3 MIO GREEK KEN UNITY 48913 1999 JAPAN CR 4X25 9.8 MIO GREEK ALICIA 635 212 CHINA CR 4X35 25 MIO GREEK YANGZHOU DAYANG DY423 635 213 CHINA CR 4X35 25.1 MIO UNDISCLOSED YANGZHOU DAYANG DY413 635 213 CHINA CR 4X35 25.1 MIO UNDISCLOSED ATLAS SUN 64377 1987 S.KOREA GLESS 5.5 MIO CHINESE YM CULTIVATION 69163 1997 JAPAN GLESS 5 MIO CHINESE (Generator damaged) SD NOVA 718 1996 JAPAN GLESS 6.7 MIO UNDISCLOSED (DD Due 1/213) KING COAL 72873 1997 TAIWAN GLESS 6 MIO GREEK (Via Auction) FEARLESS I 73427 1997 S.KOREA GLESS 6.7 MIO CHINESE (Via Auction)
$/Day $/Day 7 MING MAY 749 1997 JAPAN GLESS 8.5 MIO UNDISCLOSED PERUVIAN EXPRESS 79252 212 CHINA CR 4X35 19 MIO GREEK TSUNEISHI ZHOUSHAN SS-132 816 213 CHINA GLESS 28.2 MIO UNDISCLOSED MICAELA DELLA GATTA 8279 26 JAPAN GLESS 18.5 MIO UNDISCLOSED BRILLIANT TRADER 87144 26 JAPAN GLESS 19 MIO GREEK CAPE EUROPE 149425 1993 TAIWAN GLESS 8.3 MIO UNDISCLOSED (For further trading) BRILLIANT RIVER 154249 1994 JAPAN GLESS 9 MIO UNDISCLOSED (For further trading) SEAKOH 172247 2 S.KOREA GLESS 16.2 MIO GREEK TAMOU 177243 25 JAPAN GLESS 27 MIO GREEK PACIFIC TIARA 1831 24 JAPAN GLESS 25.2 MIO UNDISCLOSED 25 2 15 Spot Market - Bulkers CAPESIZE PANAMAX HANDYMAX 1 5 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 847 843 739 17 15 Period Market - Bulkers 1 Year T/C CAPE PMAX HANDYMAX 13 11 9 7 5 121 975 8 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13
8 CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER NERI 555 1997 CHINA CR 2X4 384 1.9 MIO UNDISCLOSED DANIELA 717 23 CHINA CR 2X45 639 3.2 MIO OCEANIC CONT LINES, PHILIPPINES ARMINIA 1231 1994 POLAND CR 2X4 112 2.5 MIO UNDISCLOSED MARCHEROKEE 2567 1999 GERMANY CR 2X6 (COMB 12) 13 5 MIO UNDISCLOSED YM PEOPLE 2252 23 JAPAN GLESS 162 * ENBLOC BSS YM SKY 2277 23 JAPAN GLESS 162 * ENBLOC BSS YM EARTH 2278 23 JAPAN GLESS 162 22.5 MIO SITC, CHINA (Total price) GALLANT WAVE 2365 1996 JAPAN GLESS 151 3.6 MIO INDONESIAN MSC HOBART 33523 1994 S.KOREA GLESS 24 4.2 MIO CHINESE R.R. AMERICA 339 22 GERMANY CR 3X45 22 7.8 MIO GREECE KENO 39462 27 S.KOREA GLESS 27 15 MIO UNDISCLOSED TWEEN SALES NAME DWT BLT GEAR TEU PRICE $ BUYER ATLANTIC SUN 4264 1996 NETHERLANDS GLESS 26 5.5 MIO CHINESE RORO SALES NAME GT BLT LANE MTS/CARS PAX PRICE $ BUYER EGLANTINE 135 199 CHINA 16 122 2 MIO SAUDI ARABIAN NORMAN TRADER 22152 1998 SPAIN 195 252 1 MIO UNDISCLOSED
$m $m 9 N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S Tanker Prices VLCC Suezmax Aframax MR Bulker Prices Capesize Panamax Handymax Handysize 12 6 1 8 6 4 2 89.8 1 55.5 46.8 533.4 3 5 4 3 2 1 5 45.8 25.5 23.9 2.6 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13 Dry Bulk Orderbook Ship Type 213 (deliv) 213 214 215 216 217 218+ Total VLOC 15 11 11 1 23 Capesize 26 88 55 29 3 175 Small Cape 16 4 22 5 1 68 Panamax 81 277 19 27 2 415 Supramax 89 235 112 2 7 374 Handys 61 21 115 4 6 362 Total 288 852 424 122 19 1417 Tanker Orderbook Ship Type 213 (deliv) 213 214 215 216 217 218+ Total ULCC/VLCC 13 35 26 7 1 69 Suezmax 16 34 17 7 4 62 Aframax 12 13 35 18 2 68 Panamax 4 17 1 5 4 2 38 MR 27 63 89 4 15 9 216 Handy 1 8 1 2 2 Total 73 17 187 79 26 11 473 LPG Tank Orderbook Ship Type 213 (deliv) 213 214 215 216 216+ Total VLGC 6 7 9 5 21 LGC MR 1 5 6 5 2 18 Handy 1 11 15 1 27 Small 1 25 8 6 39 Total 18 48 38 17 2 15
m. dwt m. dwt No. of Vessels m. dwt 1 Newbuilding Sales 5 4 3 2 1 44 225 163 169 26 7 Tankers >1, dwt Bulkers >1, dwt Containerships 9 137 211 212 Apr-13 32 Delivery Schedule Bulkers >1, dwt. Tankers >1, dwt 9 8.9 8 7 6 5 4 34.2 26.9 3 2.3 2 11.8 7.2 1 Apr-13 214 215+ Tanker Newbuildings on Order 25 23.5 2 VLCC Aframax Products Suezmax Panamax Bulker Newbuildings on Order Capesize Panamax Handymax Handysize 6 49.5 5 45.9 15 1 5 1.4 6 2.3 11.8 4 3 2 1 2.4 12.5 April 213 April 213 Newbuilding Historical Prices ($m) Tankers Apr-13 212 211 21 29 28 27 26 25 2 1995 199 1985 31, DWT 1 89.8 93.2 98.9 14.8 97.5 15 145 13 12 76.5 85.3 87.4 2 38.2 17, DWT 1 55.5 57.1 6.3 66.3 61 9 9 8 71.5 52.5 54 66.1 2 28.2 11, DWT 1 46.8 48.5 52.2 56 49.5 74 72 65.5 58 41.5 43.3 53.2 2 18.1 47, DWT 1 33.4 33.8 35.2 36.1 35 46.5 52 47 43 29.5 33.2 3 32.1 3 13.3 Bulkers 18, DWT 1 45.8 45.7 48.4 57.2 55.5 87 96 67 58.5 4.5 42.3 6.2 29.3 73, DWT 1 25.5 25.6 28.7 34.3 34.5 45.5 54 39.5 36 22.5 27.9 3 13.4 45, DWT 23.9 23.7 26.7 31.1 29 41 47.5 37 31 2.5 24.1 25.3 12.4 29, DWT 2.6 2.5 22.2 26.3 24.5 31 34 27.5 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)
11 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES AHTS 15 Yuexin S.B. 214 PT Wintermar AHTS 15 Yuexin S.B. 214 PT Wintermar BULK 27 Hyundai H.I. 214 Oldendorff Carriers BULK 27 Hyundai H.I. 214 Oldendorff Carriers BULK 27 Hyundai H.I. 215 Oldendorff Carriers BULK 27 Hyundai H.I. 215 Oldendorff Carriers BULK 82 Jiangsu New YZJ 215 26 Mio Marine Management BULK 82 Jiangsu New YZJ 215 26 Mio Marine Management BULK 82 Jiangsu New YZJ 216 26 Mio Marine Management BULK 181 STX Dalian 215 Frontline 212 BULK 181 STX Dalian 215 Frontline 212 BULK 181 STX Dalian 215 Frontline 212 BULK 181 STX Dalian 215 Frontline 212 BULK 6 Japan Marine Utd 215 Golden Ocean BULK 6 Japan Marine Utd 215 Golden Ocean BULK 15 STX S.B. 215 STX Pan Ocean BULK 15 STX S.B. 216 STX Pan Ocean BULK 15 Hanjin H.I. 215 Hyundai M.M. BULK 15 Hanjin H.I. 215 Hyundai M.M. BULK 15 Hanjin H.I. 215 Hyundai M.M. BULK 15 Sungdong S.B 216 SK Shipping Co. Ltd BULK 15 Sungdong S.B 216 SK Shipping Co. Ltd BULK 15 Sungdong S.B 216 Hanjin Shpg Co BULK 15 Sungdong S.B 216 Hanjin Shpg Co BULK 84 Oshima S.B. Co. 214 U-Ming Marine Tran. BULK 84 Oshima S.B. Co. 214 U-Ming Marine Tran. BULK 64 Chengxi Shipyard 215 Wah Kwong Shpg. BULK 64 Chengxi Shipyard 215 Wah Kwong Shpg. BULK 64 Chengxi Shipyard 215 Wah Kwong Shpg. BULK 64 Chengxi Shipyard 215 Wah Kwong Shpg. BULK 34 Namura Shipbuilding 215 Wisdom Marine Lines BULK 34 Namura Shipbuilding 215 Wisdom Marine Lines BULK 55 Kawasaki S.B. 216 Wisdom Marine Lines BULK 37 Imabari S.B. 214 24.33 Mio Uni-Asia Finance BULK 37 Imabari S.B. 215 24.33 Mio Uni-Asia Finance BULK 37 Imabari S.B. 216 24.33 Mio Uni-Asia Finance Cement 2 Shanhaiguan S.Y. 214 24.2 Mio Assoc. Bulk Carriers Chem & Oil 38 Hyundai Mipo 214 Scorpio Tankers Chem & Oil 38 Hyundai Mipo 214 Scorpio Tankers Chem & Oil 5 Guangzhou S.Y. Int 215 38 Mio Stena Bulk AB Chem & Oil 5 Guangzhou S.Y. Int 215 38 Mio Stena Bulk AB Chem & Oil 495 Brod. Trogir 215 Arne Blystad AS Chem & Oil 495 Brod. Trogir 215 Arne Blystad AS CONT 126 Zhejiang Yangfan 214 NOSC CONT 126 Zhejiang Yangfan 214 NOSC CONT 215 CSBC 214 23 Mio SITC CONT 215 CSBC 214 23 Mio SITC CONT 11 Samsung H.I. 215 82 Mio CSAV CONT 11 Samsung H.I. 215 82 Mio CSAV CONT 11 Samsung H.I. 215 82 Mio CSAV CONT 11 Samsung H.I. 215 82 Mio CSAV CONT 11 Samsung H.I. 215 82 Mio CSAV CONT 11 Samsung H.I. 215 82 Mio CSAV CONT 11 Samsung H.I. 215 82 Mio CSAV CONT 125 Unknown Korean 214 2 Mio Heung-A Shpg Co. Ltd CONT 125 Unknown Korean 214 2 Mio Heung-A Shpg Co. Ltd CONT 125 Unknown Korean 215 2 Mio Heung-A Shpg Co. Ltd CONT 125 Unknown Korean 215 2 Mio Heung-A Shpg Co. Ltd Crew Boat 22 Strategic Marine (S) 213 Damai Jitu Crew Boat 22 Strategic Marine (S) 213 Damai Jitu
12 FPSO 9975 Hyundai H.I. 216 Chevron North Sea LNG 28 Jiangnan Changxing 215 CNOOC EnerTech LNG 26 COSCO Dalian 215 Dalian In the Group LNG 1 Samsung H.I. 217 23 Mio SK Shipping Co. Ltd LNG 1 Samsung H.I. 217 23 Mio SK Shipping Co. Ltd MPP 125 Jiangsou S/Y 215 Unknown MPP 125 Jiangsou S/Y 215 Unknown MPP 125 Jiangsou S/Y 215 Unknown MPP 125 Jiangsou S/Y 215 Unknown MPP 125 Jiangsou S/Y 216 Unknown MPP 125 Jiangsou S/Y 216 Unknown MSV 5 Havyard Leirvik 214 MPL Products 16 Hyundai H.I. 215 Densa Shipping Products 5 Hyundai Mipo 215 32 Mio Dong-A Tanker Co. Products 5 Hyundai Mipo 215 32 Mio Dong-A Tanker Co. PSV 54 Leevac Shipyard 214 Tidewater Marine PSV 54 Leevac Shipyard 214 Tidewater Marine PSV 54 Leevac Shipyard 215 Tidewater Marine PSV 54 Leevac Shipyard 215 Tidewater Marine RORO 116 Visentini 214 Nordana Line Seis. Survey 7 Mitsubishi H.I. 215 PGS TANKER 113 Daewoo-Mangalia 215 Eastern Med. Mar. TANKER 113 Daewoo-Mangalia 215 Eastern Med. Mar. TANKER 113 Daewoo-Mangalia 215 Eastern Med. Mar. TANKER 113 Daewoo-Mangalia 215 Eastern Med. Mar. TANKER 113 STX S.B. 215 Teekay Tankers TANKER 113 STX S.B. 215 Teekay Tankers TANKER 113 STX S.B. 215 Teekay Tankers TANKER 113 STX S.B. 216 Teekay Tankers
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 41 /lt Ldt USD 425 /lt Ldt Bangladesh USD 45 /lt Ldt USD 425 /lt Ldt Pakistan USD 415 /lt Ldt USD 435 /lt Ldt China USD 355 /lt Ldt USD 375 /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 43 41 425 425 Price Tankers* 21 211 212 213 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices 45 38 4 41 Price Bulkers* 21 211 212 213 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 28.9 25.7 31.58 5.3 12.9 * 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) 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 CURR. TANK 186 182 172 115 136 174 135 174 262 362 32 45 57 287 338 485 482 4 425 BULK 166 153 152 112 143 17 135 181 267 381 332 392 472 268 328 437 456 37 41 India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK LEOPARD B 19467 1976 518 418 BULK KOZNITSA 25544 1984 7755 417 BULK SAPPHIRE II 28668 1978 6617 44 Full Spares BULK STANISLAW KULCZYNSKI 33627 1988 8421 432 BULK MACIEJ RATAJ 3375 1985 842 428 BULK ST. PAVEL 4461 1985 722 425 BULK KRAIRACH DIGNITY 41213 1984 8528 425 BULK RADONEZH 41543 1983 837 422 BULK MSC GIANNA 4277 1983 12767 446 BULK SEA PRINCE 44241 1988 8722 45 Incl 25T RoB BULK WORLD SWAN 46799 1995 93 443 Woodchip Carrier CONT BACO-LINER 1 2181 1979 912 45 CONT BACO-LINER 2 2181 198 912 45 CONT SAFMARINE PAKISTAN 222 1998 739 445 Asis Salalah CONT DAMALI 24372 1995 8184 433 CONT MAERSK MADRID 59285 1989 194 461 Full Spares RORO SEABOARD VICTORY 14454 1983 9114 323 Asis Freeport & payment fr RoB TANK PAPUDO 68232 1993 15969 341 Asis Chile with extra payment for RoB TANK OMVATI PREM 967 1993 18599 43 TWEEN HIYA BUILDER 1181 198 6592 445 TWEEN SAINT DEMETRIOS 17154 198 442 422 Bss dely Calcutta Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK WARRIOR I 34856 1983 7934 45 BULK HUA TU 149532 1992 18431 425 BULK WINNING FRIEND 182212 1986 22335 438 CONT E.R. BRISBANE 35966 1996 1178 428 TANK G. GLORY 275914 1991 3925 454 TWEEN BAO YING 233 1983 744 375 Asis Singapore
15 China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK HUA JIN SONG 64211 1988 11829 36 BULK GLOBE BRIGHT 66764 1983 1412 39 Full Spares COMBO HUA DI 4798 1989 14622 395 CONT STADT HAMBURG 1285 1998 4842 413 TANK NAPA 1 31543 1981 8169 392 TWEEN WIN MOONY 16757 1984 5712 365 Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK SENECA 28788 1983 721 42 BULK DOXA D 382 1984 6894 44 BULK HANGANG ELITE 18794 1991 25733 448 BULK PSU FIRST 275269 199 37433 45 TWEEN ISLAMABAD 18257 1983 5575 433 Turkey TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK ZEHRA VI 4654 1976 225 322
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 1991 82 17.8 78.6 26.1 75.3 161.1 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 Apr-13 57 821 68 17 572 935
$/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 1.6357.8431.6592.6863.6449.6658 CAD 1.5737 1 1.3266.1372 1.8 1.147 1.477 EUR 1.1864.754 1.7819.8141.7649.7897 JPY 151.746 96.4472 127.918 1 14.137 97.8447 11.23 CHF 1.4574.9263 1.2286.966 1.9398.973 USD 1.559.9857 1.374.1222 1.644 1 1.325 AUD 1.523.9548 1.2665.991 1.31.9687 1 * 3/4/213 values
18 S T O C K W A T C H NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW NewLead Holdings NEWL.36.6-4.7 3.45.31 Capital Product Partners CPLP 8.85 8.23 7.5 8.9 5.79 Diana Shipping DSX 9.45 1.71-11.8 11.9 5.89 Dryships DRYS 1.85 2.9-11.5 3.27 1.46 Eagle Bulk EGLE 3.44 3.65-5.8 7.4 1.32 Euroseas ESEA 1.13 1.16-2.6 1.91.86 Excel Martime EXM.42 1.1-61.8 1.91.36 Freeseas FREE 1.1 1.28-14.1 21.8.62 Genco Shipping&Trading GNK 1.73 2.89-4.1 5.6 1.51 Costamare Inc. CMRE 16.17 15.86 2 16.71 12.8 Goldenport GPRT 36.3 34.1 6.5 87. 33.1 Navios NM 4.5 4.47.7 4.65 3.8 GasLog LNG Services GLOG 12.57 12.91-2.6 13.45 8.76 Paragon PRGN 4.31 5.17-16.6 7.5 1.91 Safe Bulkers SB 4.91 5.7-3.2 7. 3.12 Star Bulk SBLK 6.26 7.18-12.8 15. 5.71 Stealthgas GASS 1.15 11.97-15.2 12.1 5.17 TEN TNP 3.7 4.31-14.2 6.42 3.4 TOP Ships TOPS 1.55 1.22 27 2.26.7 Box Ships Inc TEU 4.84 4.67 3.6 9.39 4. Diana Containerships Inc DCIX 5.66 5.36 5.6 7.88 4.8 Danaos Corporation DAC 4.9 4. 2.3 4.73 2.44 Aegean Marine Petroleum ANW 6.29 6.74-6.7 7.88 4.28 * 29/4/213 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,