Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 25 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 January 218 15 1 5 PRICES TANKERS ($ MIO) * Prices reflect Year s End 212* 213* 214* 215* 216* 217* Jan-18 VLCC 5Y 56. 55.8 77.1 8 6 64 63 VLCC 1Y 35. 35. 52.1 55 4 41 4 SUEZMAX 5Y 4.2 39.5 56.8 6 4 43 42 AFRAMAX 5Y 28. 27.8 41.9 46 29 32 32 AFRAMAX1Y 16.3 16.3 26.8 31 18 22 22 PANAMAX5Y 24.3 24.3 33.4 35 28 28 28 47K 5Y D/H 23. 23.3 23.8 28.9 22 25 25 45K 1Y D/H 15.5 15.7 15.2 19.6 15.5 17.5 17.5 45K 2Y 6.2 6.2 6.5 8.5 5.1 5.5 5 Prior 217 76-78k dwt PRICES BULKERS ($ MIO) * Prices reflect Year s End 212* 213* 214* 215* 216* 217* Jan-18 CAPESIZE 5Y 32. 43.9 39.5 25 24 33 33 CAPESIZE 1Y 2.5 31. 27.8 13.6 15 2.5 23.5 CAPESIZE 15Y 12.7 18.2 16.3 8.5 8 13 14 CAPESIZE 2Y 9.3 1.1 9. 5.6 5.5 7 7 KAMSARMAX 5Y 18. 25.6 2.1 14 14 22.5 23.5 PANAMAX 1Y 12.5 17.9 14.6 8.5 8.5 14.5 14.5 PANAMAX 15Y 8.3 12. 1. 5 5.4 11 11 PANAMAX 2Y 5.4 7.5 5.4 3.6 3.6 6.5 6.5 SUPRAMAX 5Y 23.3 24.3 2.8 13.6 14 17.5 17.5 SUPRAMAX 1Y 13. 17.4 13.8 8 9.5 13.5 14 HANDYMAX15Y 8.7 1.9 9.1 4.5 5.8 9.5 1 HANDYMAX2Y 6.3 6.4 6.2 3.5 2.8 6.5 6.5
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 47K 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 KMAX 5Y PMAX 1Y PMAX 15Y SUPRA 5Y SUPRA 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 1 228 55 29 49 15 1 5 178 15 139 23 THIS MONTH - PREVIOUS MONTH THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market Ship Type Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Total BULK 41 46 58 53 49 55 32 TANK 13 13 2 16 23 15 1 GAS 3 1 1 1 2 2 1 CONT 6 12 21 9 13 12 73 TWEEN/MPP 5 1 2 2 1 REEF RORO FERRY CRUISE Total 68 72 11 81 87 86 495
4 Baltic Clean Tanker - Yearly 85 784 75 655 65 721 55 45 522 35 6 9 12 15 18 21 24 27 3 33 36 39 42 45 48 51 2 217 WEEK NO 218 Baltic Dirty Tanker - Yearly 1 9 8 813 97 7 685 6 619 5 6 9 12 15 18 21 24 27 3 33 36 39 42 45 48 51 2 217 WEEK NO 218 Baltic Clean Tanker - Monthly 7 65 646 637 6 569 55 5 2/1/218 9/1/218 16/1/218 23/1/218 3/1/218 Baltic Dirty Tanker - Monthly 74 72 717 7 68 66 676 683 64 62 2/1/218 9/1/218 16/1/218 23/1/218 3/1/218 TANKER SALES NAME DWT BLT PRICE $ BUYER CRANE JUPITER 8558 22 JAPAN DH 6.5 MIO INDONESIAN (SUS316L) TEAM HOUSTON 13221 28 KOREA DH 8.7 MIO AMA MARINE (Epoxy) TEAM OSLO 13226 28 KOREA DH 8.8 MIO UNDISCLOSED (Epoxy) GREEN RAY 1994 23 JAPAN DH 1.7 MIO INDONESIAN (SUS316L) SEAWAYS ALCMAR 46248 24 KOREA DH 1.65 MIO UNDISCLOSED ARISTOTELIS 51 213 KOREA DH 29 MIO CHELSEA SHIPPING CORP (Epoxy) ENERGY CENTURY 721 23 KOREA DH 9.5 MIO SINGAPOREAN (DPP, SS/DD passed) KING DARIUS 73634 27 CHINA DH 14 MIO ENBLOC BSS KING DUNCAN 7372 28 CHINA DH 14 MIO UNDISCLOSED (Price Each) EAGLE BEAUMONT 99448 1996 KOREA DH 7.5 MIO UNDISCLOSED VEGA VOYAGER 14864 23 KOREA DH 1.8 MIO UNDISCLOSED RIDGEBURY ALICE M 15745 23 JAPAN DH 11.3 MIO GREEK EURONIKE 164565 25 KOREA DH 32.6 MIO PARETO EUROCHAMPION 24 16468 25 KOREA DH 32.6 MIO PARETO MARIKA 166739 24 CROATIA DH 17.2 MIO UNDISCLOSED GAS SALES NAME DWT BLT CBM PRICE $ BUYER SOLARO 38427 1996 ITALY 37314 8.9 MIO UNDISCLOSED EVERRICH 1 49679 1995 JAPAN 78462 18 MIO INDIAN
$/Day $/Day 5 Spot Market - Tankers VLCC SUEZMAX AFRAMAX 4 3 2 1 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 1165 695 653 Period Market - Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX 3 25 24 2 15 1 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 17 15
6 63 61 59 57 Baltic Handysize Baltic Supramax 92 91 913 6 9 89 58 2 573 884 88 884 2 87 55 86 2/1/218 9/1/218 16/1/218 23/1/218 3/1/218 2/1/218 9/1/218 16/1/218 23/1/218 3/1/218 Baltic Panamax 16 155 15 1492 145 1428 14 135 13 1332 4 125 1311 12 2/1/218 9/1/218 16/1/218 23/1/218 3/1/218 Baltic Capesize 3 282 25 2 21 4 15 38 1445 1 2/1/218 9/1/218 16/1/218 23/1/218 3/1/218 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER LUXURY SW 23519 1999 PHILIPPINES CR 4X3 4 MIO VIETNAMESE URANIA 24247 1998 PHILIPPINES CR 4 X3 4.2 MIO UNDISCLOSED VICTORIA SPIRIT 26482 1996 JAPAN CR 4X3.5 3.53 MIO UNDISCLOSED (Bank sale) KING CANOLA 2827 213 JAPAN CR 4X3.5 1.9 MIO GREEK GLORIOUS SUNSHINE 2836 29 JAPAN CR 4X3.5 8.5 MIO CANADIAN ATLANTIC ACE 28671 1999 JAPAN CR 4X3.5 4.75 MIO CHINESE BLUE OCEAN 31734 25 JAPAN CR 4X3 9 MIO UNDISCLOSED APUANA D 31962 1998 JAPAN CR 4X3 4.5 MIO UNDISCLOSED IKAN JEBUH 33145 211 JAPAN CR 4X3.5 12.5 MIO GREEK PPS AMBITION 33328 213 JAPAN CR 4X3 14.7 MIO UNDISCLOSED (BWTS fitted) LONG HUA 34822 21 CHINA CR 4X25 8.2 MIO CHINESE TRADING FABRIZIA 35 211 KOREA CR 4X35 1.3 MIO BLUEFIN MARINE (Via auction) NORD SHANGHAI 36746 212 VIETNAM CR 4X3 13.4 MIO UNDISCLOSED OCEAN QUARTZ 37194 212 KOREA CR 4X3 12 MIO CHINESE GLEAMING OASIS 37426 27 JAPAN CR 4X36 9.5 MIO GREEK CASCADE 38737 214 CHINA CR 4X3 15 MIO UNDISCLOSED FU XING 9 43383 1984 JAPAN CR 4X25 3.4 MIO CHINESE ARISTIMO 45584 1997 KOREA CR 4X3 5.4 MIO CHINESE RONG HAI 4661 1995 JAPAN CR 4X3 4.5 MIO CHINESE CALIX 46644 2 JAPAN CR 4X3 8.2 MIO UNDISCLOSED HO FONG 46762 21 JAPAN CR 4X3 7.5 MIO CHINESE NORDIC KIEL 48377 21 JAPAN CR 4X3 8.2 MIO NINGBO SHENYU SHIPPING ALIKI P 5341 21 JAPAN CR 4X3.5 9 MIO CHINESE AKILI 5231 21 JAPAN CR 4X4 9.2 MIO CHINESE JAG RAHUL 52364 23 PHILIPPINES CR 4X3 9.3 MIO UNDISCLOSED
$/Day 7 MARY LINA 52454 27 JAPAN CR 4X3 13 MIO INDONESIAN HAYAMA STAR 529 26 JAPAN CR 4X3 11 MIO TAIWANESE MARINE STARS 53565 26 CHINA CR 4X35 8.5 MIO UNDISCLOSED SAGE PIONEER 5533 28 JAPAN CR 4X3 14 MIO UNDISCLOSED OCEAN PEARL 55557 24 JAPAN CR 4X3 11 MIO UNDISCLOSED MAPLE ISLAND 5561 21 JAPAN CR 4X3 15.4 MIO INDONESIAN ROSE BALSAM 55616 211 JAPAN CR 4X3 16 MIO GREEK POSEIDON SW 55688 28 JAPAN CR 4X3 12.5 MIO GREEK DYNASTY SHANG 56573 213 CHINA CR 4X36 13 MIO ENBLOC BSS DYNASTY XIA 56629 212 CHINA CR 4X3 12 MIO CHINESE (Price each) TASMAN CASTLE 56868 211 CHINA CR 4X35 11.7 MIO UNDISCLOSED SEA ATHENA 5734 21 CHINA CR 4X3 11.2 MIO CHINESE SEA DIAS 5753 21 CHINA CR 4X3 11.2 MIO CHINESE DN VATAN 58419 211 KOREA CR 4X36 * ENBLOC BSS DN MILLET 58444 211 KOREA CR 4X36 29.8 MIO GREEK (Ttl price) AMIS BENEFIT 6 217 JAPAN CR 4X3 25.8 MIO UNDISCLOSED JULIAN 73613 23 CHINA GLESS 9.3 MIO CHINESE ECOLA 73931 21 CHINA GLESS 8.5 MIO CHINESE GENCO KNIGHT 73941 1999 JAPAN GLESS 7.2 MIO UNDISCLOSED GENCO VIGOUR 73941 1999 JAPAN GLESS 7.2 MIO UNDISCLOSED SEAS 7 74475 26 CHINA GLESS * ENBLOC BSS SEAS 14 74476 26 CHINA GLESS 22 MIO GREEK (Ttl price) SEA TRELLIS 7951 212 CHINA GLESS 15.5 MIO GREEK AZALEA SKY 8594 212 JAPAN GLESS 22.5 MIO GREEK KEY SPRING 8596 212 JAPAN GLESS 22.5 MIO GREEK BW ACORN 82589 21 JAPAN GLESS 19 MIO GREEK AQUABEAUTY 17114 23 JAPAN GLESS 14.5 MIO UNDISCLOSED KERKIS 177489 26 JAPAN GLESS 22.5 MIO H LINE SHIPPING BULK INDIA 17764 24 JAPAN GLESS 14.3 MIO GREEK CAPE MED 185827 26 JAPAN GLESS 2.6 MIO UNDISCLOSED 3 25 2 15 1 5 Spot Market - Bulkers 1194 1113 875 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 CAPESIZE PANAMAX HANDYMAX
$/Day 8 21 181 161 141 121 11 81 61 41 Period Market - Bulkers 1 Year T/C 1875 1325 1175 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 CAPESIZE PANAMAX HANDYMAX CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER NOR FEEDER 522 1998 GERMANY GLESS 58 2 MIO EUROPEAN ASIATIC BAY 125 27 TURKEY GLESS 1155 8.3 MIO UNDISCLOSED ASIATIC JADE 12545 25 TURKEY GLESS 1155 7.5 MIO HAI AN SHIPPING DOLPHIN STRAIT 13858 23 CHINA CR 2X45 1118 4 MIO FRENCH FSL BUSAN 16439 23 GERMANY GLESS 12 6.2 MIO UNDISCLOSED BAGAN STAR 16544 1998 JAPAN GLESS 164 3.1 MIO UNDISCLOSED WINDHOEK 21442 29 JAPAN CR 3X4 1577 1.5 MIO PORTLINE IS CHINA 2198 28 JAPAN GLESS 178 1.5 MIO UNDISCLOSED HAIAN FAIR 23896 27 GERMANY CR 1X45, CR1X4, 1688 8.5 MIO UNDISCLOSED CR1X36 O. M. AGARUM 2713 28 CHINA CR 3X45 215 7.5 MIO UNDISCLOSED O. M. IRIDIUM 2729 28 CHINA CR 3X45 215 7.5 MIO UNDISCLOSED CONSTANTIN S 3311 26 JAPAN CR 3X45 245 1.3 MIO SEA CONSORTIUM MPP/TWEEN SALES NAME DWT BLT GEAR TEU PRICE $ BUYER HANSEATIC TRADER 4338 21 NETHERLANDS GLESS 181 * ENBLOC BSS WILSON HOLLA 4338 22 NETHERLANDS GLESS 181 7 MIO UNDISCLOSED (Ttl Price)
$m $m 9 N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S Tanker Prices VLCC Suezmax Aframax MR 1 8 83 6 56 45 4 34.5 2 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 5 45 4 35 3 25 2 15 Bulker Prices Capesize Panamax Supramax Handysize 1 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 44 25.5 24 22 Ship Type 218 219 219+ Total Capesize 65 6 4 165 Panamax 82 77 37 196 Supra/Hmax 17 48 24 179 Handies 121 37 16 174 Total 375 222 117 714 Ship Type 218 219 22+ Total ULCC/VLCC 5 36 7 93 Suezmax 42 15 7 64 Aframax 73 33 25 131 Panamax 23 9 8 4 MR+Small 169 122 33 324 Total 357 215 8 652 Ship Type 218 219 22+ Total VLGC 11 16 5 32 LGC MR 15 6 21 Handy 11 2 13 Small 4 2 6 Total 41 26 5 72
m. dwt m. dwt No. of Vessels m. dwt 1 Newbuilding Sales 3 2 1 79 47 8 25 248 14 Tankers Bulkers Containerships 1 12 216 217 Jan-18 14 Delivery Schedule Bulkers Tankers 45 38.5 4 34.3 35 3 26.1 22.4 25 2 15.6 15 1 7.9 5 Jan-18 219 22+ 35 3 25 2 15 1 5 VLCC Aframax Products 29 14.9 11.3 9.9 3.1 January 218 Tanker Newbuildings on Order Suezmax Panamax Bulker Newbuildings on Order Capesize Panamax 5 45 4 35 3 25 2 15 1 5 43 16.2 1.8 January 218 Handymax 5.9 Handysize Tankers Newbuilding Historical Prices ($m) Jan-18 217 216 215 214 213 212 21 28 25 2 1995 199 1985 32, DWT 1 83 81.5 84.5 93.7 97.3 93.8 93.2 14.8 15 12 76.5 85.3 87.4 17, DWT 1 56 55 54.5 63 65.5 59.6 57.1 66.3 9 71.5 52.5 54 66.1 115, DWT 1 45 44 44.5 52 53.6 52.2 48.5 56 74 58 41.5 43.3 53.2 47, DWT 1 34.5 33.8 32.5 35.4 36.8 34.6 33.8 36.1 46.5 43 29.5 33.2 Bulkers 18, DWT 1 44 44 42 46 54.2 53.6 45.7 57.2 87 58.5 4.5 42.3 6.2 29.3 81, DWT 1 25.5 25.5 24.5 25.7 29 27.8 25.6 34.3 45.5 36 22.5 27.9 3 13.4 62, DWT 24 24 22.3 24.1 27.2 26.5 23.7 31.1 41 31 2.5 24.1 25.3 12.4 35, DWT 22 22 19.5 2.3 22.8 22.2 2.5 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 Prior 217 to read 73 76k dwt, 45k dwt & 3k 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
11 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Bulk 82 Huangpu Wenchong 219 Seacon Ships Mngt Bulk 82 Huangpu Wenchong 219 Seacon Ships Mngt Bulk 28 CSBC (Kaohsiung) 22 China Steel Express Bulk 28 CSBC (Kaohsiung) 22 China Steel Express Bulk 378 Imabari SB (Imabari) 22 Wisdom Marine Group Bulk 378 Imabari SB (Imabari) 22 Wisdom Marine Group Chem & Oil 5 Hyundai Mipo 219 Chios Navigation Container 15 Huangpu Wenchong 22 U.S. Owner Container 15 Huangpu Wenchong 22 U.S. Owner Container 12 Imabari SB Saijo 22 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 22 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 22 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 22 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 221 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 221 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 221 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 221 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 221 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 221 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 221 Shoei Kisen Kaisha Container 12 Imabari SB Saijo 221 Shoei Kisen Kaisha Cruise 13 Meyer Werft 222 P&O Cruises (UK) L.N.G 96 Hyundai HI (Ulsan) 22 Cardiff Marine L.N.G 96 Hyundai HI (Ulsan) 22 Cardiff Marine Option L.N.G 96 Hyundai HI (Ulsan) 22 Sovcomflot JSC L.N.G 96 Hyundai HI (Ulsan) 22 Sovcomflot JSC Option L.N.G. 95 Samsung HI 219 GasLog L.P.G. 55 Jiangnan SY Group 22 China Gas Fortune L.P.G. 55 Jiangnan SY Group 22 China Gas Fortune L.P.G. 55 Jiangnan SY Group 22 66 mio Oriental Energy L.P.G. 55 Jiangnan SY Group 22 66 mio Oriental Energy L.P.G. 55 Hyundai HI (Ulsan) 219 Kuwait Oil Tanker L.P.G. 55 Hyundai HI (Ulsan) 22 Kuwait Oil Tanker L.P.G. 55 Hyundai HI (Ulsan) 22 Kuwait Oil Tanker Ore 325 Beihai Shipyard 219 ICBC Leasing Ore 325 Beihai Shipyard 219 ICBC Leasing Ore 325 Beihai Shipyard 22 ICBC Leasing Ore 325 Beihai Shipyard 22 ICBC Leasing Ore 325 Beihai Shipyard 22 ICBC Leasing Ore 325 Beihai Shipyard 22 ICBC Leasing Ore 325 Beihai Shipyard 221 ICBC Leasing Option Ore 325 Beihai Shipyard 221 ICBC Leasing Option Ore 325 Beihai Shipyard 221 ICBC Leasing Option Ore 325 New Times SB 219 Pan Ocean Ore 325 New Times SB 22 Pan Ocean Ore 325 New Times SB 22 Pan Ocean Ore 325 New Times SB 22 Pan Ocean Ore 325 New Times SB 22 Pan Ocean Ore 325 New Times SB 221 Pan Ocean Pass/Car F. VARD Brevik 219 Boreal Transport Pass/Car F. Flensburger SB 22 Eur 165.2 mio Irish Ferries Pass/Car F. Shandong Huanghai SB 219 Bohai Ferry Shandong Huanghai Pass/Car F. SB 22 Bohai Ferry Option Products 235 Fujian Mawei SB 22 Ocean Tankers Products 235 Fujian Mawei SB 22 Ocean Tankers Products 235 Fujian Mawei SB 22 Ocean Tankers Products 235 Fujian Mawei SB 22 Ocean Tankers Products 235 Fujian Mawei SB 22 Ocean Tankers Products 235 Fujian Mawei SB 22 Ocean Tankers
12 Products 235 Fujian Mawei SB 22 Ocean Tankers Option Products 235 Fujian Mawei SB 22 Ocean Tankers Option Products 235 Fujian Mawei SB 22 Ocean Tankers Option Spec. Dredger Socarenam 219 24.4 mio GIE Dragages - Ports Tanker 69 GSI Nansha 22 Shanghai North Sea Tanker 313 Namura Shipbuilding 22 Kyoei Tanker
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 425 /lt Ldt USD 445 /lt Ldt Bangladesh USD 415 /lt Ldt USD 43 /lt Ldt Pakistan USD 44 /lt Ldt USD 455 /lt Ldt China USD 21 /lt Ldt USD 23 /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 1 445 Price Tankers* 215 216 217 218 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices 425 Price Bulkers* 215 216 217 218 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 Total Demolition (Dwt) 3.5 25 28.4 28.5 27 15.9 16.7 18.9 15.5 18 22.4 15.6 1 5.5 6.5 5 12 31.58 28.9 25.7 5.3 41.8 34.3 38.8 44.6 35.2 2.8 * 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) 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 CURR. TANK 174 135 174 262 362 32 45 57 287 338 485 482 45 435 425 3 3 44 445 BULK 17 135 181 267 381 332 392 472 268 328 437 456 375 41 4 285 28 425 425 India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK BALTIC MEADOW 1144 1986 5985 443 BULK BRIGHTWAY 12334 1983 3917 445 GAS SIGLOO HAV 1452 1989 6791 745 REEF TRITON REEFER 9863 199 4852 46 REEF GIBRALTAR 1333 1977 864 467 TANK BREEZE 39542 1989 8116 46 TANK NORTE 477 1991 9264 46 TANK VITO 147474 1994 22347 4 Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK ALASKA ACE 6135 1981 24 31 BULK AKIJ GLORY 4265 1985 7339 43 TANK UMNENGA 66895 1993 1385 438 TANK ABUL KALAM AZAD 92687 1999 18893 393 TANK CAP GEORGES 146652 1998 2491 381.5 TANK PLATA SUNRISE 32193 1999 4248 446 China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS N/A N/A N/A Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK INNOVATOR 149298 1993 1719 49 Basis "as is" Korea Turkey TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS N/A N/A N/A
15 Other TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK VADIBEL 4198 1984 7618 442 As is Qatar BULK ENTERPRISE 168432 1997 2437 495 Indian Sub-Cont TANK BREEZE 39542 1989 8116 46 TANK ASPHALT STAR 46432 1996 96 39 As is Piraeus TANK NORTHERN STAR 2815 1999 37957 41 As is Singapore TANK DS VALENTINA 38491 2 418 Sub-Continent BULK VADIBEL 4198 1984 7618 442 As is Qatar
1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 Jan-18 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 31 525 217 367 579 376 627.5 356 612 Jan-18 374 598 394 667.5 36 625
$/Barrel USD-EUR USD-JPY 17 M A R K E T I N D I C A T O R S 2. 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 1.5733.8769.65.7564.7214.5699 CAD 1.7436 1 1.5291.113 1.319 1.2487.9938 EUR 1.142.6538 1.74.8625.818.6498 JPY 154.436 88.5557 135.439 1 116.825 11.758 88.23 CHF 1.3217.7579 1.1592.86 1.9631.7533 USD 1.4174.8128 1.2431.92 1.722 1.879 AUD 1.7543 1.59 1.5386.114 1.327 1.253 1 * 31/1/218 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 3.23 3.36-3.9 4. 3.1 Diana Shipping Inc. DSX 3.79 4.7-6.9 6.2 3.45 Dryships Inc. DRYS 3.36 3.54-5.1 6252.41.98 Dynagas LNG Partners LP DLNG 11.57 11.7 4.5 17.93 1.66 Eagle Bulk Shipping Inc. EGLE 4.74 4.54 4.4 6.7 4.18 Euroseas Ltd. ESEA 1.82 1.74 4.6 2.73 1.13 Costamare Inc. CMRE 6.61 5.84 13.2 8.18 5.15 Navios Maritime Holdings NM 2.9 1.27 64.6 2.66 1.45 GasLog Ltd. GLOG 2.2 22.3-9.4 22.55 12.75 Safe Bulkers Inc. SB 3.44 3.18 8.2 3.84 1.23 Star Bulk Carriers Corp. SBLK 11.15 11.17 -.2 13.4 7.57 Stealthgas Inc. GASS 4.35 4.38 -.7 4.78 2.9 TEN Inc. TNP 3.63 3.96-8.3 5.27 3.5 TOP Ships Inc. TOPS.21.26-18.3 8918.4.18 Box Ships Inc. TEUFF.1.1 1.59. Diana Containerships Inc. DCIX 2.98 4.31-3.9 2992.85 1.56 Danaos Corporation DAC 1.3 1.5-13.3 3.2 1.25 Aegean Marine Petroleum ANW 4.75 4.25 11.8 13. 3.2 * 1/2/218 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,