OPTIMA - WEEKLY October 3rd, 2008 OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings BULK CARRIERS 'Marigold' 46,745tdw Blt 04/82 Korea, Krs M/E Sulzer Cr 3x20t, Cr 2x15 Sold To Undisclosed Taiwanese Buyers At 16.00mil USD DRY 'BJ King' 7,045tdw Blt 04/90 Shin, Jpn M/E Hanshin De 2x30t, De 2x25 Sold Undisclosed Buyers At 9.50mil USD 'Green Pine' 3,853tdw Blt 06/83 Tokushima, Jpn M/E Akasaka De 3x15t Sold To Undisclosed Far Eastern Buyers At 2.50mil USD CONTAINER 'MSC Sardinia' 43,270tdw Blt 10/86 Daewoo, Krs M/E Sulzer 3,074 Teus 'MSC Brasilia' 43,270tdw Blt 09/86 Daewoo, Krs M/E Sulzer 3,074 Teus 'MSC London' 43,270tdw Blt 09/86 Daewoo, Krs M/E Sulzer 3,074 Teus 'MSC Bali' 36,314tdw Blt 04/80 Mitsubishi, Jpn M/E Sulzer 2,816 Teus 'MSC Zanzibar' 33,860tdw Blt 04/85 Hyundai, Krs M/E B&W 1,923 Teus 'Kuo Tai' 18,586tdw Blt 06/95 China, Cht M/E B&W 1,295 Teus 'Kuo Fu' 18,595tdw Blt 05/95 China, Cht M/E B&W 1,295 Teus 'Kuo Hung' 18,585tdw Blt 09/97 China, Cht M/E B&W 1,295 Teus 'Kuo Lung' 18,581tdw Blt 02/98 China, Cht M/E B&W 1,295 Teus Sold En Bloc To Container Bulk At 261.70mil USD Also With CCNI Mejillones 'Grandeur' 8,515tdw Blt 06/98 Murakami, Jpn M/E B&W 566 Teus Cr 2x36t Sold To Ocean Shipping Of Vietnam At 14.00mil USD
Page 2 RORO 'Baltic Print' 4,600tdw Blt 06/79 Karlskronavarv, Swd M/E Wichmann 280 Cars 82 Trls 249 Teus 1040 Lane Meters Sold To Undisclosed Buyers At 3.50mil USD DEMOLITION DESK 'Dimitra II' 28,900tdw Cont 10/79 Onomichi, Jpn Sold To Bangladesh At 536.50 USD/Ldt 'India Lotus' 39,967tdw Cont 09/81 Van Der Giessen, Nth Sold To Bangladesh At 535.00 USD/Ldt 'Aksiniya' 4,763tdw Tank 01/84 Antonin, Itl Sold To Pakistan At 520.00 Usd/Ldt (Old Sale) NEWBUILDING ORDERS Mitsui OSK Lines (MOL) is believed to be the first buyer of the newly designed 335,000 tdw Imabari VLOC. The present value for a similar vessel is estimated to be in the region of usd $125mil but price for this deal has not been reported. Delivery for the unit is set for 2014. Pietro Barbaro of Italy is believed to have booked two 50,900tdw product tankers at STX in South Korea. The Italian owner is believed to be paying about $53mil for each of the vessels that are slated for delivery in June and December 2010.
Page 3 BDI - DRY MARKET INDEX (01/01/2007 03/10/2008) AVERAGE CHARTER EARNINGS PANAMAX /CAPE (01/01/2007 03/10/2008)
Page 4 AVERAGE CHARTER EARNINGS - SUPRAMAX (01/01/2007 03/10/2008) Weekly Results as Published by the Baltic Exchange At: Baltic Sale & Purchase Assessment (BSPA) PRICE (US$ in TYPE SIZE AGE mil) 29-September-2008 CHANGE (US$ in mil) VLCC 305,000 dwt max. 5 years old 159.836-0.391 AFRAMAX 105,000 dwt max. 5 years old 77.008-0.315 MR PRODUCT 45,000 dwt max. 5 years old 52.346-0.246 CAPESIZE B/C 172,000 dwt max. 5 years old 133.227-12.516 PANAMAX B/C 74,000 dwt max. 5 years old 77.455-6.533 SUPER HANDY B/C 52,000 dwt max. 5 years old 61.750-6.095 Baltic Demolition Assessment (BDA) PRICE (US$ / TYPE REGION LIGHT SHIP LDT) CHANGE (US$ / LDT) DIRTY TANKER CHINA 15,000-25,000 393.333-50.000 DIRTY TANKER SUBCONTINENT 15,000-25,000 571.667-44.166 CLEAN TANKER CHINA 6,000-10,000 383.333-55.000 CLEAN TANKER SUBCONTINENT 6,000-10,000 557.500-50.000 BULK CARRIER CHINA 7,000-12,000 350.833-56.667 BULK CARRIER SUBCONTINENT 7,000-12,000 521.667-36.666
Page 5 (BSPA) BALTIC SALE & PURCHASE ASSESSMENT - WET (01/01/2007 03/10/2008) (BSPA) BALTIC SALE & PURCHASE ASSESSMENT - DRY (01/01/2007 03/10/2008)
Page 6 (BDA) BALTIC DEMOLITION ASSESSMENT - CHINA (01/01/2007 03/10/2008) (BDA) BALTIC DEMOLITION ASSESSMENT - SUBCONT (01/01/2007 03/10/2008)
Page 7 INDICATIVE FIXTURES OF THE WEEK Panamax Atlantic BARBARA 73307/1997 DELY JORF LASFAR 7/9 OCT TRIP VIA KAMSAR REDEL AUGHINISH =$15000 = OLDENDORFF WADI ALARAB 70000/1995 DELY MISSISSIPPI RIVER 13/15 OCT TRIP REDEL MED =$14000 + $275000 BB= WINDROSE FORTEZZA 69634/1993 DELY APS RICHARDS BAY MID OCT REDEL CONTINENT =$11500 + $330000 BB= D AMICO MASS GLORY 69500/1993 DELY PORTO VESME 5/7 OCT 2 LADEN LEGS REDEL SKAW-CAPE PASSERO =$13000= PCL Pacific GREAT CENTURY 73747 /2000 DELY FANGCHENG 3/5 OCT 3/5 MONTHS TRADING REDEL WORLDWIDE=$28000= PACIFIC BULK ALPHA HAPPINESS 72893/1999 DELY COLOMBO SPOT TRIP VIA WEST AUSTRALIA & SAUDI ARABIA REDEL PMO =$16000= STX PAN OCEAN ALPHA GLORY 72270/ 1999 DELY RIZHAO 6/8 OCT TRIP VIA CHINA & TURKEY REDEL CAPE PASSERO INT STEELS =$18500= OLDENDORFF YAO HAI 69497/1986 DELY EC INDIA 05/10 OCT TRIP REDEL CHINA =$12000= NORTH CHINA SHIPPING Handy/Handymax Atlantic LEO ADVANCE 56000/2007 DELY APS PUERTO BOLIVAR 06/10 OCT TRIP REDEL USEC =$25000= ARMADA DAVAKIS G 53800/2008 DELY JOSE EARLY OCTOBER TRIP REDEL TURKEY APPROX =$40500= CLIPPER JIN HUI 50753/2000 DELY APS ODESSA EARLY OCTOBER TRIP REDEL CONTINENT =$21500= CUSTODIA SEA LAVENDER 50326/2002 DELY RETRO SLG N.SPAIN 29 SEP TRIP VIA EAST COAST SOUTH AMERICA REDEL SOUTH-EAST ASIA =$22000= OLDENDORFF Pacific MARIA D 51514/2002 DELY THAILAND TRIP VIA INDONESIA REDEL WEST AFRICA =APPROX $21000= CNR TRANSFIELD TBN 57000/2009 DELY FAR EAST OCT/DEC 2009 5 YEARS TRADING =$28000= SAMSUN ELENI M 50992 DELY LANSHAN 5/7 OCT 2 LADEN LEGS REDEL WORLDWIDE =$28000= SETAF WHILST EVERY CARE HAS BEEN TAKEN IN THE PRODUCTION OF THIS REPORT, NO LIABILITY CAN BE ACCEPTED FOR ANY LOSS INCURRED IN ANY WAY WHATSOEVER BY ANY PERSON WHO MAY S645EEK TO RELY ON THE INFORMATION CONTAINED HEREIN