17-19, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece Tel: 21 96597 - Fax: 21 89964 - Tlx: 22626 ATH GR Internet Mail athenian@atheniansa.gr Monthly Report October 29 Baltic Indices 75 6 45 3 15 45 48 51 2 5 8 11 14 17 2 23 26 29 32 35 38 41 44 WEEK NO 29 Baltic Panamax Index Baltic Dry Index Baltic Capesize Index Baltic Supramax Index Baltic Handysize Index PRICES TANKERS ($ MIO) 24 25 26 27 28 29 VLCC 5Y 18 117 117.2 136 155.8 78 VLCC 1Y 84.5 9 95.8 114.5 131 59 SUEZMAX 5Y 75.1 75.3 81 95.5 16 6 AFRAMAX 5Y 57.2 63 65.3 7 76.8 38.5 AFRAMAX1Y 44.3 53.9 51.8 6 64.7 3 PANAMAX5Y 42 48.1 55.5 6.4 61 35.5 45K 5Y D/H 39 46.8 47.3 53 52.7 25 45K 1Y D/H 29.8 38 38.9 44.7 43.2 2.5 45K 2Y 8.8 1.1 13.2 12.8 16 4.5 PRICES BULKERS ($ MIO) 24 25 26 27 28 29 CAPESIZE 5Y 65 56.8 81.2 11 15.5 51 CAPESIZE 1Y 45.8 38.2 61.8 84 129.5 42.5 CAPESIZE 15Y 35.5 28.2 43 69.2 31.5 CAPESIZE 2Y 2 18.5 21.3 35.5 79 18.5 PANAMAX 5Y 4.3 29.4 45.4 72 89.1 31.5 PANAMAX 1Y 3.5 23.8 37 58 76 25.5 PANAMAX 15Y 23.2 18.5 27.7 42.8 19 PANAMAX 2Y 16.2 1.6 16.1 3.3 46.5 11.1 SUPRAMAX 5Y 29.2 25.4 4 57.5 74.1 26.5 HANDYMAX1Y 22.2 2.7 32 45 61 2 HANDYMAX15Y 18.5 16.5 22.1 37.2 16 HANDYMAX2Y 13.8 1.1 15.4 26.5 4.2 9.7 S&P Activity - Tankers (<5, Dwt) AVAILABLE FOR SALE REPORTED SOLD S&P Activity Dry (<5, Dwt) AVAILABLE FOR SALE REPORTED SOLD 24 2 16 12 8 4 195 THIS MONTH 21 6 5 4 3 2 1 43 THIS MONTH 74
2 Second Hand Tonnage Market TANKER SALES NAME DWT BLT PRICE $ BUYER TERBAN 1 492 96 PHILIPPINES DB 3.2 MIO VIETNAMESE STELLARIA 13991 94 CROATIA DH 7 MIO UNDISCLOSED ARAFURA WIND 1779 88 YUGOSLAVIA DB * ENBLOC BSS SERAM WIND 1742 87 YUGOSLAVIA DH 6 MIO UAE BASED CHEMSTAR ANGEL 19477 99 JAPAN DH 15.1 MIO CHINESE BRIGHT EXPRESS 42235 93 JAPAN DH 8.25 MIO MERCATOR, INDIA PACIFIC TOURMALINE 4518 89 S.KOREA DS 5 MIO UNDISCLOSED ALPHA EXPRESS 45858 JAPAN DH 18.4 MIO VIETNAMESE FRONTIER EXPRESS 6852 93 JAPAN DS 5.1 MIO UNDISCLOSED JAG LAYAK 147834 96 S.KOREA DH 46 MIO BUMI ARMADA INDONESIA(INCL LONG SUBJ/DELY 1Q 211) NORTHWAY 15191 89 S.KOREA DS 8.2 MIO CHINESE, FOR CONVERSION SEARACER 16425 2 S.KOREA DH 51.5 MIO NORDIC AMERICAN TANKERS, USA EPISKOPI 265316 89 S.KOREA SH 13.5 MIO CHINESE PACIFIC COURAGE 26911 92 JAPAN SH 13.9 MIO CHINESE CRYSTAL BEAUTY 274743 93 JAPAN 14.5 MIO UNDISCLOSED(FOR CONVERSION) SANKO UNITY 29892 JAPAN DH 63 MIO SOECHI LINES, INDONESIA BARRINGTON 33239 89 S.KOREA DH 5.1 MIO UNDISCLOSED BALTIC SERENITY 3725 9 S.KOREA * ENBLOC BSS BALTIC SOLAR 373 1 S.KOREA 54.5 MIO UNDISCLOSED Spot Market - Tankers VLCC SUEZMAX AFRAMAX $/Day 92 82 72 62 52 42 32 22 12 2 88825 62999 4318 43654 4747 36978 33253 5898 2344 8916 22962 Oct-8 Feb-9 Jun-9 Oct-9 $/Day 8 65 5 35 2 5 674 499 375 495 Period Market - Tankers 3215 VLCC SUEZMAX AF R AMAX Oct-8 Feb-9 Jun-9 Oct-9 349 2715 184 185 31 245
3 Baltic Dirty Tanker - Yearly Baltic Clean Tanker - Yearly 16 14 12 1291 12 14 1 8 11 676 6 564 4 2 472 45 5 3 8 13 18 23 28 33 38 43 WEEK NO 1 839 8 517 6 4 355 2 45 5 3 8 13 18 23 28 33 38 43 WEEK NO Baltic Dirty Tanker - Monthly 6 58 56 54 52 1/1/29 6/1/29 11/1/29 16/1/29 21/1/29 26/1/29 31/1/29 Baltic Clean Tanker - Monthly 6 58 56 54 52 5 48 46 44 42 4 1/1/29 6/1/29 11/1/29 16/1/29 21/1/29 26/1/29 31/1/29 GAS SALES NAME DWT BLT CBM PRICE $ BUYER CONISTON 3999 91 JAPAN 3523 4.1 MIO THAI BASED BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER TURA 38 75 NETHERLANDS GLESS.4 MIO GREEK NAGHAM F 5584 77 DENMARK CR 1X1, 2X5.95 MIO EGYPTIAN NEW RICH 6462 85 JAPAN D 4X2 1.4 MIO CHINESE BEST LUCKY 653 84 S.KOREA D 4X15 1 MIO TAIWANESE CARMELA EVDOXIA 162 78 SWEDEN CR 2X25 1 MIO UNDISCLOSED RAINBOW SPRING 1263 98 CHINA D 4X3 7.2 MIO UNDISCLOSED BORKUM 18355 94 JAPAN CR 4X3 9 MIO UNDISCLOSED GUI SHUN 1838 79 JAPAN D 4X25 1.6 MIO TAIWANESE ABRAHAM 185 7 INDONESIA CR 3X4 15.75 MIO ITALIAN CLIPPER STAMFORD 2731 88 SINGAPORE 3X36 12.5 MIO UNDISCLOSED NEW SUCCESS 2199 84 JAPAN CR 4X25 4.5 MIO UNDISCLOSED DD PROGRESS 2516 81 GERMANY CR 5X25 2.75 MIO UNDISCLOSED HEIYO 26268 84 JAPAN CR 6X25 4.65 MIO UNDISCLOSED BLUDANCE 26517 95 CHINA CR 4X3 12 MIO SHANXI COAL GROUP, CHINA DELTA SALUS 26598 85 JAPAN CR 4X25 5.3 MIO UNDISCLOSED ETERNAL ISLAND 27841 98 JAPAN CR 4X3 15 MIO UNDISCLOSED KIKI P 28317 77 JAPAN CR 5X15 2.1 MIO SINGAPORE BASED GLOBAL DISCOVERY 2844 98 JAPAN CR 4X31 14.8 MIO EUROPEAN CLIPPER LANCELOT 28426 97 JAPAN CR 4X31 14.25 MIO UNDISCLOSED
4 Bulker Sales Continued GLOBAL ALLIANCE 28436 4 JAPAN CR 4X3.5 2.75 MIO RUSSIAN GALASSIA 29369 87 ITALY * ENBLOC BSS SAGITTARIUS 29365 87 ITALY GLESS * ENBLOC BSS GEMINI 285 86 ITALY 8.4 MIO UNDISCLOSED ROSETTA 2999 84 JAPAN CR 4X25 5.5 MIO UNDISCLOSED YARMOUTH 29462 85 JAPAN CR 4X25 5.3 MIO GREEK, AT AUCTION ROSELLA 2987 5 JAPAN CR 4X3.5 21.5 MIO EUROPEAN JIANGSU 6C-13 3 9 CHINA 24.75 MIO HONG KONG FESCO MARINA 33773 4 JAPAN CR 4X3 21.85 MIO INTERGLOBAL GREECE(T/C TILL 1-4/21) BROADGATE 35287 84 JAPAN CR 4X25 6 MIO UNDISCLOSED SERIFE 41544 84 JAPAN CR 4X25 7.2 MIO UNDISCLOSED NEPHELI 4265 85 JAPAN CR 4X25 7.5 MIO CHINESE CAPT.THOMAS J.HUDNER 42664 9 S.KOREA CR 3X36, CR 1X25 1 MIO EUROPEAN YICK WING 42943 82 JAPAN CR 5X15 4.75 MIO CHINESE ALBERTO TOPIC 43473 91 JAPAN CR 4X25 12.8 MIO GREEK K.GOLD 43797 96 S.KOREA CR 4X3 18.2 MIO UNDISCLOSED JOVIALITY 45564 82 JAPAN CR 4X2 5.2 MIO CHINESE MORNING SKY 45888 96 JAPAN CR 4X31 18.25 MIO XIAMEN SHIPPING, CHINA PROGRESS II 46641 95 JAPAN CR 4X25 17.5 MIO UNDISCLOSED PRETTY FLOURISH 46841 97 S.KOREA CR 4X25 17.45 MIO RUSSIAN BLEST MARINE 472 97 S.KOREA CR 4X3 17.3 MIO ESSAR SHIPPING, INDIA BUNGO SPIRIT 5316 4 JAPAN CR 4X3.5 25.5 MIO UNDISCLOSED PL STAR 5374 3 JAPAN CR 4X3 25.75 MIO UNDISCLOSED D DUCKLING 53483 6 JAPAN CR 4X3.5 29 MIO UNDISCLOSED E DUCKLING 53487 6 JAPAN CR 4X3.5 29.5 MIO UNDISCLOSED SARA V 5386 2 CHINA CR 4X3 2.6 MIO AT AUCTION ANNA-ELISABETH 55518 8 JAPAN CR 4X3.5 36 MIO DENSAN, TURKEY ANNA-BARBARA 55535 8 JAPAN CR 4X3.5 36 MIO DENSAN, TURKEY ANNA-DOROTHEA 55743 8 JAPAN CR 4X3.5 36 MIO DENSAN, TURKEY FAIR WIND 6958 95 JAPAN 22 MIO CHINESE SEJAHTERA 6973 94 JAPAN 18.5 MIO INDONESIAN SEAFLOWER 69128 95 JAPAN 23 MIO VIETNAMESE YM EQUALITY 7252 96 JAPAN 22 MIO CHINESE(INCL TC AT $1PD TILL 3/21) BINTANG BIRU 71927 83 IRELAND 7 MIO UNDISCLOSED GLOBAL CHALLENGER 73218 96 S.KOREA 22 MIO UNDISCLOSED SEAWIND 7412 96 JAPAN 22.6 MIO VINALINES, VIETNAM SEAWIND 7412 96 JAPAN 22.6 MIO VINALINES, VIETNAM ENERGY STAR 75318 3 JAPAN D 2X4, 1X3 29.5 MIO UNDISCLOSED MONTROSE 75592 2 JAPAN 28.9 MIO S.KOREAN OCEAN LYRA 75656 5 JAPAN 32.75 MIO UNDISCLOSED NORDPOL 77195 2 JAPAN CR 4X3 31.5 MIO FORMOSA, TAIWAN FORTUNE CLOVER 7743 6 JAPAN 35 MIO UNDISCLOSED(INCL TC AT $155PD TILL 4-7/12) STAR OF ABU DHABI 812 9 JAPAN 42.5 MIO CHINESE(INCL 5YRS TC AT $18K PD) DYNA AUK 15122 9 JAPAN 17.5 MIO CHINESE MINERAL AZALEA 171199 99 JAPAN 42.5 MIO KOREAN MINERAL MONACO 18263 5 JAPAN 5 MIO OCEANFREIGHT, GREEK(DELY 4-6/1 INCL TC 5-6/11 AT $38K PD)
5 $/Day 7 6 5 4 3 2 1 8344 4361 2691 Spot Market - Bulkers 237 1475 18246 CAPESIZE PANAMAX HANDYMAX Oct-8 Feb-9 Jun-9 Oct-9 6927 2194 45831 17751 Period Market - Bulkers CAPESIZE PANAMAX HANDYMAX $/Day 6 45 3 15 476 385 369 199 1485 1245 24 1355 125 1495 Oct-8 Feb-9 Jun-9 Oct-9 TWEEN SALES NAME DWT BLT GEAR TEU PRICE $ BUYER THOR SOFIA 4281 84 GERMANY CR 2X3 256 2.29 MIO GREEK QUEEN STELLA 6914 97 JAPAN CR 2X31, 1X25 5.2 MIO UNDISCLOSED THOR SAILOR 16248 86 SPAIN CR 4X12.5 519 2.6 MIO SINGAPOREAN
6 BDI 35 34 33 32 31 3 29 313 28 27 26 25 24 23 22 21 2 1/1/29 4/1/29 7/1/29 1/1/29 13/1/29 16/1/29 19/1/29 22/1/29 25/1/29 28/1/29 31/1/29 Baltic Handysize Baltic Supramax 1 98 96 94 98 954 195 19 1911 92 9 88 185 1799 1825 86 84 871 18 82 8 1/1/29 6/1/29 11/1/29 16/1/29 21/1/29 26/1/29 31/1/29 175 1/1/29 6/1/29 11/1/29 16/1/29 21/1/29 26/1/29 31/1/29 Baltic Panamax Baltic Capesize 34 32 5 48 46 4842 3 2733 28 2744 26 24 22 2314 2 1/1/29 6/1/29 11/1/29 16/1/29 21/1/29 26/1/29 31/1/29 44 42 417 4 38 36 3762 34 32 33 3 1/1/29 6/1/29 11/1/29 16/1/29 21/1/29 26/1/29 31/1/29
7 CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER K WIND 5538 99 CHINA CR 2X4 518 4 MIO AT AUCTION HIBISCUS ISLE 1125 94 JAPAN CR 2X4 662 * ENBLOC BSS COCOPALM ISLE 11244 94 JAPAN CR 2X4 662 13 MIO INDONESIAN CMA CGM NORTH AFRICA1 12816 85 GERMANY CR 2X8 856 1.5 MIO UNDISCLOSED MARCOMMANDER 1418 83 GERMANY CR 2X4 133 2.7 MIO UNDISCLOSED DUBAI WORLD 15165 9 GERMANY CR 2X4 148 3.1 MIO FEAST CAPE ANN 15566 93 GERMANY CR 2X4 513 * ENBLOC BSS CAPE ARAGO 15566 92 GERMANY CR 2X4 6 MIO UNDISCLOSED LEO ONE 17476 96 JAPAN CR 2X35 1129 6 MIO FEAST CYPRIA 23978 9 GERMANY 1698 22 MIO BRIESE, GERMANY ACX DAHLIA 24542 98 JAPAN GLESS 1675 6.5 MIO FAR EASTERN MSC CAMEROUN 37125 7 POLAND CR 3X45 2785 25.4 MIO ZEPPENFIELD, GERMANY MSC ANDES 37274 8 POLAND CR 3X45 2785 25.4 MIO ZEPPENFIELD, GERMANY REEFER SALES NAME DWT BLT GEAR CBF CAP PRICE $ BUYER FUJI 1 52 3 JAPAN 199988 1 MIO JAPANESE EW SNOWDON 6368 84 JAPAN DR 4X5 312431 2.8 MIO AT AUCTION LOGAN 7934 93 JAPAN DR 8X5 469795 1 MIO AT AUCTION ROPAX/RORO SALES NAME DWT BLT LANE MT PAX PRICE $ BUYER SPRING CANARY 8125 95 JAPAN 5 MIO UNDISCLOSED DAEWOO FRONTIER 2545 88 ITALY 253 3.9 MIO MAPLE LEAF SHIPPING CHINA, AT AUCTION PASS NAME DWT BLT LANE MT PAX PRICE $ BUYER UNDISCLOSED, AT DALMACIJA 5619 65 YUGOSLAVIA 34 148.7 MIO AUCTION
8 Newbuilding Market and Reported Contracts Tanker Prices VLCC Suezmax Af ramax Handy Bulker Prices Capesize Handy max Panamax Handysize $m 18 16 14 12 1 8 6 4 2 146 161 124 94 92.5 12 76.5 76.5 73 63 63 52 5 47.5 41.5 37 12 1 95.5 88 8 68 6 55 46.5 47.5 37 4 42 34 35.5 33 2 27 SNOWMASS Nov-7 Apr-8 Sep-8 5539 Feb-9 82 Jul-9 JAPAN DR 8X5 Nov-7 86592 Apr-8.9 MIO Sep-8 UNDISCLOSED Feb-9 Jul-9 REGULUS 1545 93 JAPAN CR 2X35 14898 11.8 MIO SWEDISH $m 57 34.5 3.5 25.5 Dry Bulk Orderbook Ship Type 29 (deliv) 29 21 211 212 213 214+ Total VLOC 12 4 23 48 34 8 3 12 Capesize 65 84 278 143 63 16 6 59 Small 21 32 124 124 4 11 Cape 331 Panamax 49 39 2 157 69 26 4 495 Supramax 135 184 367 295 79 14 1 94 Handys 95 159 277 217 77 15 1 746 Total 377 52 1269 984 362 9 15 3222 Tank Orderbook Ship Type 29 (deliv) 29 21 211 212 213 214+ Total ULCC/VLSS 39 27 63 89 31 2 1 213 Suezmax 28 36 47 53 14 1 151 Aframax 73 41 93 71 8 3 2 218 Panamax 34 21 27 35 6 3 92 MR 16 9 15 116 27 3 386 Handy 21 17 47 35 3 12 Total 31 232 427 399 89 12 3 1162 LPG Tank Orderbook Ship Type 29 (deliv) 29 21 211 212 213+ Total VLGC 11 8 6 4 1 3 22 LGC 3 3 MR 5 2 6 2 1 Handy 1 3 2 2 25 Small 17 24 48 15 2 89 Total 46 37 8 23 3 3 146
9 Newbuilding Historical Prices ($m) Tankers 29 28 27 26 25 24 23 22 21 1995 199 1988 1985 31, DWT* 12 15 145 13 12 18 77.1 65.4 69.9 85.3 87.4 7.1 ** 38.2 17, DWT* 63 9 9 8 71.5 71 51.4 45.2 46.3 54 66.1 44.8 **28.2 11, DWT* 5 74 72 65.5 58 6 41.4 36.2 36.3 43.3 53.2 **35.2 **18.1 47, DWT* 37 46.5 52 47 43 39 31.4 28.4 26.2 33.2 *32.1 *25.2 *13.3 Bulkers 18, DWT* 57 87 96 67 58.5 64.5 48.2 36.2 35.8 42.3 6.2 42.1 29.3 73, DWT* 34.5 45.5 54 39.5 36 37 27.1 21.4 2.3 27.9 3 25.1 13.4 45, DWT 3.5 41 47.5 37 31 3 24.1 19.2 18.4 24.1 25.3 23.1 12.4 29, DWT 25.5 31 34 27.5 25.5 24 18.1 15.2 14.2 19.2 21.3 18.4 9.7 * Before 21 sizes to read 28, - 14, - 95, - 4, respectively for tankers and 15, - 69, for Bulkers (note: above is for vessels built Japan / Korea, you should also consider US$ / Yen relation for the years mentioned) The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Bulk 57 Kouan S.B. Apr-11 29 MIO Pacific Carriers Ltd Bulk 63 Dayang S.B. Jul-11 Turner Shipping Unconfirmed Bulk 63 Dayang S.B. Aug-11 Turner Shipping Unconfirmed Bulk 63 Dayang S.B. Sep-11 Turner Shipping Unconfirmed Bulk 63 Dayang S.B. Oct-11 Turner Shipping Unconfirmed Bulk 63 Dayang S.B. Nov-11 Turner Shipping Option Bulk 63 Dayang S.B. Dec-11 Turner Shipping Option Bulk 63 Dayang S.B. Jan-12 Turner Shipping Option Bulk 63 Dayang S.B. Feb-12 Turner Shipping Option Bulk 63 Dayang S.B. Mar-12 Turner Shipping Option Bulk 63 Dayang S.B. Apr-12 Turner Shipping Option Bulk 63 Dayang S.B. May-12 Turner Shipping Option Bulk 63 Dayang S.B. Jun-12 Turner Shipping Option Bulk 63 Dayang S.B. Jul-12 Turner Shipping Option Bulk 1 Tsuneishi Zhoushan 211 Unknown Bulk 1 Tsuneishi Zhoushan 211 Unknown Bulk 4 Daewoo S.B. 211 115 MIO Vale Bulk 4 Daewoo S.B. 211 115 MIO Vale Bulk 4 Daewoo S.B. 211 115 MIO Vale Bulk 4 Daewoo S.B. 211 115 MIO Vale Bullk 4 STX Shipbuilding 212 STX Pan Ocean Bullk 4 STX Shipbuilding 212 STX Pan Ocean Bullk 4 STX Shipbuilding 212 STX Pan Ocean Bullk 4 STX Shipbuilding 212 STX Pan Ocean Bullk 4 STX Shipbuilding 212 STX Pan Ocean Bullk 4 STX Shipbuilding 213 STX Pan Ocean Bullk 4 STX Shipbuilding 213 STX Pan Ocean Bullk 4 STX Shipbuilding 213 STX Pan Ocean Cont 136 Hyundai Mipo Jun-11 19 MIO ADNATCO 16 TEU Cont 136 Hyundai Mipo Jul-11 19 MIO ADNATCO 16 TEU L.P.G. 95 Dayang S.B. 212 Nat. Iranian Tanker 12, CBM L.P.G. 95 Dayang S.B. 212 Nat. Iranian Tanker Option MPP 125 Zhejiang Ouhua 21 Spliethoff 65 TEU MPP 125 Zhejiang Ouhua 21 Spliethoff 65 TEU
1 Shipbuilding Market Continued MPP 125 Zhejiang Ouhua 21 Spliethoff 65 TEU MPP 125 Zhejiang Ouhua 21 Spliethoff 65 TEU MPP 125 Zhejiang Ouhua 21 Spliethoff 65 TEU MPP 125 Zhejiang Ouhua 21 Spliethoff 65 TEU MPP 125 Zhejiang Ouhua 21 Spliethoff 65 TEU MPP 125 Zhejiang Ouhua 21 Spliethoff 65 TEU Tank (prod) 75 Besiktas S/Y Dec-1 Palmali Shipping Tank (prod) 75 Besiktas S/Y Mar-11 Palmali Shipping Tank (prod) 75 Besiktas S/Y Jun-11 Palmali Shipping Tank (prod) 75 Besiktas S/Y Sep-11 Palmali Shipping Tank (prod) 75 Besiktas S/Y Dec-11 Palmali Shipping Tank (prod) 75 Besiktas S/Y Mar-12 Palmali Shipping Tank (prod) 75 Besiktas S/Y Jun-12 Palmali Shipping Tank (prod) 75 Besiktas S/Y Sep-12 Palmali Shipping Tank (prod) 75 Besiktas S/Y Dec-12 Palmali Shipping Tank (prod) 75 Besiktas S/Y Mar-13 Palmali Shipping Newbuilding Sales No. of Vessels 17 16 15 14 13 12 11 1 9 8 7 6 5 4 3 2 1 86 157 48 398 931 179 Tankers >1, dwt Bulkers >1, dwt Containerships 62 118 27 28 Oct-9 7 Delivery Schedule m. dwt 6 5 4 3 2 1 38.4 23 Oct 9 until end of year Bulkers >1, dwt. Tankers >1, dwt 528 134.9 18.6 63.2 21 211+ Tanker Newbuildings on Order 7 6 63.1 VLCC Afram ax Products Suezmax Panamax Bulker Newbuildings on Order 16 146.2 14 12 Capesize Handymax Panamax Handysize m. dwt 5 4 3 2 1 22.8 18.9 1/1/29 6 27.4 m. dwt 1 8 6 4 2 58.6 5.1 1/1/29 27.5
11 Demolition Market Demolition prices (Avg.) Tankers 78 73 68 28 63 58 27 53 $ 48 Sep 29 43 38 33 28 23 18 26 25 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $ Bulkers 73 68 28 63 58 27 53 48 Sep 29 43 38 25 33 28 26 23 18 JAN FEB MARAPRMAYJUN JUL AUG SEP OCTNOVDEC Demolition Prices Gen Cargo Tanker Gen Cargo Tanker India USD 28 /lt Ldt USD 35/lt Ldt Bangladesh USD 28/lt Ldt USD 32/lt Ldt Pakistan USD 28/lt Ldt USD 31/ld Ldt China USD 26/lt Ldt USD 27/lt Ldt Year 29 28 27 26 25 24 23 22 21 2 1999 1998 1997 1996 1995 1994 1993 1992 1991 199 1989 1988 1987 1986 1985 1984 1983 1982 1981 5 3.8 2.35 4.6 5.5 6.5 4.9 1 12 13.4 Total Demolition 14.5 15.6 15.5 18 18.9 16.7 15.9 22.4 25 26 25.6 27 26.9 28.5 28.4 27 28.65 5 1 15 2 25 3 35 4 Million dwt 3.5 38
12 INDIA TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS PCC TRUST DUBAI 3725 87 2691 285 ASIS Capetown BULK GULF DREAM 9857 72 363 32 REEF FROST DELPHI 5555 82 325 285 TWEEN THOUSAND SUNNY 1147 78 339 25 TWEEN AL AQEELA 1 8625 77 433 282 RORO VALGA 46 79 46 33 RORO VIKTOR TALALIKHIN 465 81 616 315 TWEEN ATAQA 15655 8 6765 29 CONT LIGURIA 15435 78 6832 289 BULK ST. GEORGIOS 2666 81 7455 285 GAS GAZ MAJOR 17432 79 765 32 Incl 5tns ROB BULK PINE TRADER 384 79 7777 27 TANK PRODUCE 28885 84 8324 32 RORO MSC SELIN 17869 81 165 282 TANK JO LONN 38317 82 188 6 Incl 158 tns St.St. CONT HOWRAH BRIDGE 3534 85 12644 285 TANK CAPTAIN GURBACHAN SING SALARI 67169 84 13116 292 TANK NAIK JADUNATH SINGH PVC 67169 84 13327 292 TANK COMPANY HAVILDAR MAJOR PIRU SI 67161 84 13335 31 CONT CALIFORNIA LUNA 39985 87 14787 285 CONT GARDENIA 36465 8 16667 284 Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK EEC AMERICA 3728 77 73 295 TANK WESTAMA 4293 83 942 328 TANK ASTAKOS 46828 86 11432 326 TANK SAMARIA 46787 85 1151 33 TANK LOFOTEN 9778 91 13941 334 TANK PEDOULAS 96127 9 14212 325 TANK FRONT VANADIS 285873 91 3331 325 China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK KAI TONG 26 83 4999 255 BULK MERT E 22174 78 57 28 BULK KAI LI 2798 75 643 255 TWEEN GLOBAL CARRIER 1664 8 7879 281 BULK FIVE STARS COSMOS 35157 79 858 278 BULK MANILA STAR 3439 78 8352 27 COMBO ATLANTIC PRIDE 7857 81 17136 285 CONT FAITH I 53241 88 1819 29 CONT EVER GOODS 53239 86 18197 281 CONT EVER GUEST 53239 86 18197 281 BULK LU ZHOU 25513 76 293
13 Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS TWEEN ALKISTIS 885 82 35 29 BULK PERSEPOLIS 17188 79 4391 297 TANK ROVENA I 19877 8 537 37 TANK LOVELL SKY 37243 84 8691 327 TANK TAXIARCHIS I 71829 86 13837 315 TANK TRUST FRIENDSHIP 9456 86 17112 33 Other TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS TANK RITA S 3265 7 18 TURKEY Market Indicators USD EUR JPY USD.678 89.54 EUR 1.473 131.27 JPY.112.76 1 BRENT OIL 8 $/Barrel 6 4 2 5/11/8 5/1/9 5/3/9 5/5/9 5/7/9 5/9/9 5/11/9 CURRENCIES EUR-USD USD-JPY 1.8 115 1.6 11 1.4 15 1.2 1. 1.8 95.6 9.4.2 85. 8 5/11/8 5/1/9 5/3/9 5/5/9 5/7/9 5/9/9 5/11/9
14 Stock Watch NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW Aries Maritime RAMS 1.2.83 22.9 1.64.31 Capital Product Partners CPLP 7.79 9.26-15.9 11.9 5.21 Diana Shipping Dryships Eagle Bulk Euroseas Excel Martime DSX 13.22 12.71 4 19 6.85 DRYS 6.8 6.19-1.8 23.93 2.72 EGLE 4.7 4.69.2 11.95 2.55 ESEA 3.88 4.15-6.5 6.31 2.88 EXM 5.82 6.26-7 14.54 3 Freeseas FREE 1.33 1.64-18.9 3.55.52 Genco Shipping&Trading GNK 2.13 19.54 3 29.89 6.43 General Maritime Goldenport Navios Oceanfreight Omega Navigation Paragon Safe Bulkers Star Bulk Stealthgas TEN TOP Ships GMR 7 7.36-4.9 14.53 6.4 GPRT 117 118 -.8 147 113 NM 4.76 4.7 1.3 5.95 1.1 OCNF 1.2 1.25-18.4 6.96.8 ONAV 3.38 3.26 3.7 8.5 3.12 PRGN 4.1 4.7-1.5 7.75 2.25 SB 7.11 8.12-12.4 9.6 2.71 SBLK 3.12 3.42-8.8 5.45 1.19 GASS 6.11 6.7-8.8 7.46 2.51 TNP 14.83 14.96 -.9 26.34 12.21 TOPS.941 1.16-18.9 3.88.67 * 4/11/9 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, Athenian Shipbrokers S.A.