WEEKLY SHIPPING MARKET REPORT WEEK 45 (31 st October to 6 th November 2015) Legal Disclaimer The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up-to-date, Shiptrade Services S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report. Research compiled by: Shiptrade Services S.A. Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions, please contact: market-research@shiptrade.gr Shiptrade Services S.A. Tel +30 210 4181814 snp@shiptrade.gr 1st Floor, 110/112 Notara Street Fax +30 210 4181142 chartering@shiptrade.gr 185 35 Piraeus, Greece www.shiptrade.gr tankerchartering@shiptrade.gr
Secondhand Sales Bulk Carriers Sale & Purchase Name Dwt YoB Yard SS Engine Gear Price (mill.) Buyer Aurora Venus 180,274 2009 Churchill Bulker 179,600 2011 Irene 65,671 1993 Mosor 42,584 2001 Dauntless 28,473 2002 Hanjin Bombay 27,327 1995 Hanjin Brisbane 27,362 1997 Koyo Mihara, Hyundai, Jiangnan, China Brodosplit, Croatia Imabari, Hanjin HI, Hanjin HI, Hong 19,348 2010 Hudong, China - B&W 08/2019 B&W - $ 26.0 Singaporean 05/2016 B&W - $ 28.5 Greek (Diana) 01/2018 B&W - $ 4.0 Undisclosed 07/2016 B&W 4 x 30 T $ 5.5 Ukrainian 02/2017 B&W 4 x 30 T $ 6.0 Vietnamese 02/2020 B&W 4 x 25T Rgn $ 2.5 Undisclosed 01/2017 B&W 4 x 30 T $ 2.7 European 2 x 70 T 1 x 180 T $ 27.0 German Via Auction Secondhand Sales - Tankers Name Dwt YoB Yard SS Engine Price (mill.) Buyer Gc Guangzhou 305,839 1999 Mindanao 159,211 1998 Explorer 105,715 1999 Besiktas Scotland Mitsubishi Nagasaki, Daewoo, Namura, 06/2019 B&W $ 30.0 Greek (New Shipping) 07/2018 B&W $ 21.0 Far Eastern 12/2019 B&W $ 15.8 Undisclosed 17,999 2007 Cicek, Turkey 05/2017 Mak $ 16.3 German (Carl F Peters) Golden Top 12,705 2004 Hakata, 03/2019 B&W $ 12.0 Undisclosed Mutiara Perak 10,809 2007 Imbak 10,778 2008 Henrietta Pg 10,005 2001 Sophie 9 6,141 2011 Nokbong, Nokbong, Frisian, Netherlands Rongcheng, China - B&W $ 5.2 04/2018 B&W $ 4.8 - Mak 05/2016 Hyundai Himsen $ 8.4 Incl 6 Yrs T/C At $ 5.200/day $ 5.8 Undisclosed Via Auction Norwegian (Seabulk) Undisclosed Via Auction
Secondhand Sales Containers Name Teu YoB Yard SS Engine Gear Price (mill.) Buyer Fs Sanaga 1,700 2007 Imabari, 09/2017 B&W 3 x 40 T $ 12.7 Elbfeeder 974 2008 Elbtrader 974 2008 Elbcarrier 974 2007 Hegemann, Germany Hegemann, Germany Hegemann, Germany 05/2018 Mak - $ 7.5 12/2018 Mak 12/2018 $ 7.5 12/2017 Mak 12/2017 $ 6.8 Indonesian (Tanto Intem Lines) Irish (Irish Continental Group)
Indicative Values - Bulk Carriers Size Prompt Resale 5 years 10 years 15 years Capesize 48 31 20 10 Panamax - Kamsarmax 28 16 11 7 Supramax - Ultramax 26.5 15.5 10 6 Handysize 21 13 9 6 Indicative Values - Tankers Size Prompt Resale 5 years 10 years 15 years VLCC 103 82 56 40 Suezmax 73 60 42 22 Aframax 56 46 32 18 Panamax 43 32 23 11 MR 38.5 29 20 13.5
Newbuilding Orders Tankers Newbuilding & Demolition No Type Dwt Yard Delivery Owner Price (mill.) Comments 2 VLCC 300,000 2 MR 50,000 2 Gas 84,000 1 Gas 84,000 1 Gas 83,000 Hyundai Hi, Hyundai Mipo, Yangzijiang, China Hyundai Hi, Mitsubishi, 2017 2017-2018 2018 2017 2018 2 Gas 82,200 Kawasaki, 2019 1 Gas 82,200 Kawasaki, 2019 Demolition Sales n (Oriental Shipping & Investment) Greek (Latsco) Chinese (Shanghai Zhenrong Energy) n (Kss Line) ese (Astomos Energy) ese (Kumiai Navigation) $94.0 $ 35.5 +2 option $ 76.0 VLGC $ 77.0 VLGC Undisclosed Undisclosed Against Long T/C Charter To NYK, Lino Kaiun, Ns United And Idemitsu Total 10 On Order Vessel Type Built Ldt Dwt Price ($) Country Comments Ever Racer Container 1994 21.795 57.000 322,5 Singapore RZS Fortune BC 1996 20.000 320 Bangladesh Cape Cathay BC 1993 18.538 152.042 287 Singapore As Is Choulex BC 1996 18.173 150.850 329 India Incl. 600ts ROB Veronica RoRo 1966 17.961 5.572 238 Oman As Is Jelita Bagsa Tanker 1992 15.130 96.687 280 Indonesia As Is Balongan Panamax EnBloc with BC 1996 11.980 69.997 320 Pakistan Blessing Panamax Applause Sea Venus BC 1990 9.937 68.849 306 Net Pakistan Panamax EnBloc with BC 1997 9.737 69.123 320 Pakistan Applause Panamax Blessing Moskovskiy C Tanker 1985 9.540 28.750 205 Cuba As Is Saehan Stellar LPG 1991 2.265 3.866 315 India Indicative Demolition Prices Country Tanker Prices Bulker Prices India 320 290 Bangladesh 330 300 Pakistan 325 295 China 145 125 Turkey 175 170 LPG
Baltic Indices (Friday Closing Values) 1 year T/C rates ($/day) Dry Bulk Chartering Index Week 45 Week 44 Change (%) BDI 631 721 12,48 BCI 1003 1229 18,39 BPI 603 675 10,67 BSI 571 629 9,22 BHSI 323 349 7,45 Type Size (k dwt) Week 45 Week 44 Change (%) Capesize 160-175 7358 9065 18,83 Panamax 72-76 4823 5398 10,65 Supramax 52-57 5971 6575 9,19 Handysize 30-35 4722 5087 7,18 Average spot rates ($/day) Type Size (k dwt) Route Week 45 Week 44 Change (%) Capesize 160-175 Panamax 72-76 Supramax 52-57 Handysize 30-35 F. East - ATL 400 1518 73,56 Cont/Med - F. East 15000 18075 17,01 F. East RV 7914 8900 11,08 TransAtlantic RV 5575 7455 25,22 F. East - ATL 649 743 12,65 ATL - F. East 9895 10805 8,42 Pacific RV 4213 5003 15,79 TransAtlantic RV 4535 5040 10,02 F. East - ATL 3310 3648 9,27 ATL - F. East 9350 10100 7,43 Pacific RV 5233 5496 4,79 TransAtlantic RV 6012 6965 13,68 Far East - ATL 2782 2928 4,99 ATL - F. East 7382 8202 10,00 Pacific RV 5978 6360 6,01 TransAtlantic RV 4302 4727 8,99
Exchange Rates Key Indicators & Stock Markets Currency Week 45 Week 44 Change (%) EUR / USD 1,0876 1,1008 1,20 USD / JPY 121,92 120,43 1,24 USD / KRW 1,141 1,140 0,09 USD / NOK 8,5359 8,5510 0,18 Bunker Prices Port IFO 380 IFO 180 MGO Piraeus 240 262 445 Fujairah 235 275 610 Singapore 235 244 445 Rotterdam 213 253 412 Houston 220 271 471 Commodities Commodity Week 45 Week 44 Change (%) Brent Crude (BZ) 48,47 49,17 1,42 Natural Gas (NG) 2,35 2,23 5,38 Gold (GC) 1,107 1,148 3,57 Copper 224,95 231,65 2,89 Wheat (W) 522,75 519,25 0,67
Shipping Stock Prices - Dry Bulk Key Indicators & Stock Markets Company Stock Exchange Week 45 Week 44 Change (%) Diana Shipping Inc (DSX) NASDAQ 6,26 6,37 1,73 Dryships Inc (DRYS) NASDAQ 0,200 0,201 0,50 Euroseas Ltd (ESEA) NASDAQ 4,35 4,79 9,19 Eagle Bulk Shipping Inc (EGLE) NASDAQ 5,91 6,09 2,96 Freeseas Inc (FREESE) NASDAQ 0,050 0,074 32,43 Navios Maritime (NM) NYSE 1,81 2,03 10,84 Navios Maritime PTN (NMM) NYSE 5,37 7,30 26,44 Paragon Shipping Inc (PRGN) NASDAQ 0,240 0,251 4,38 Star Bulk Carriers Corp (SBLK) NASDAQ 1,54 1,58 2,53 Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,670 0,751 10,79 Safe Bulkers Inc (SB) NYSE 3,08 3,10 0,65 Golden Ocean (GOGL) NASDAQ 15,90 15,99 0,56 Shipping Stock Prices - Wet Company Stock Exchange Week 45 Week 44 Change (%) Capital Product Partners LP (CPLP) NASDAQ 6,95 7,57 8,19 TOP Ships Inc (TOPS) NASDAQ 0,85 0,84 1,19 Tsakos Energy Navigation (TNP) NYSE 8,62 8,73 1,26 Shipping Stock Prices - Other Company Stock Exchange Week 45 Week 44 Change (%) Aegean Maritime Petrol (ANW) NYSE 7,79 7,77 0,26 Danaos Corporation (DAC) NYSE 6,19 6,02 2,82 StealthGas Inc (GASS) NASDAQ 4,37 4,32 1,16 Rio Tinto (RIO) NYSE 34,94 35,86 2,57 Vale (VALE) NYSE 4,39 4,19 4,77 ADM Archer Daniels Midland (ADM) NYSE 43,07 45,53 5,40 BHP Billiton (BHP) NYSE 32,44 32,72 0,86
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