WEEKLY MARKET REPORT January 24th, 2014 / Week 04

WEEKLY MARKET REPORT January 24th, 2014 / Week 04 Throughout this week indices continued to fall even though the capesize sector started the week in a positive tone. The total loss of the dry index is close to 12% finishing at 1246 points. The capesize index overall lost 303 points and fell again below 2000 points, at 1723 a decrease of 15%. Panamax and Supramax indices faced a decline of 8% and 4.5% respectively while the handy size sector remained at steady levels throughout the week. The deal of the week is the acquisition of the Deiulemar fleet of 12 vessels by the joint venture of Augustea and Bunge together with the York Capital fund. The auctioned sale finalized at 1.5 million higher than the starting price, at 82.5 million euros. Details of the vessels can be found in our report. In the meantime, we report a few more sales in the dry bulk market with the acquisition of capesize SANKO POWER (181,196 dwt / blt 2010 Japan) by Eastern Pacific for $49.9 million. The panamax KALYPSO (73,762 dwt / blt 1997 Japan) went to Koreans for $11.3 million and at the same time Oceanfleet purchased the modern ultramax DIETRICH OLDENDORFF (63,500 dwt / blt 2013 China) for a firm price of $30.8 million. The sister vessels IKAN SERONG (56,023 dwt / blt 2006 Japan) and AOYAMA (56,013 dwt / blt 2006 Japan) went to Thai Thorensen and Pacific Basin respectively for mid-$22 million each. Another interesting deal is the en bloc sale of two Hyundai-built handymaxes for $18 million with time charter attached. In the tanker market, we report the sale of the VLCC LUXEMBOURG (299,150 dwt / blt 1999 Korea) for $28 million for conversion into an FPSO to Japanese interests probably Modec. Greek buyers acquired the NKK- built ELISEWIN (149,991 dwt / blt 2002 Japan) for $23.5 million. Greeks also purchased en bloc two LR1s, namely NOEMI and SENATORE (72,600 dwt / blt 2004 Korea), for $22 million each. Furthermore, three shuttle tankers were sold en bloc for $65 million to Knutsen/Knot of Norway. Oldendorff Carriers of Germany went to Chinese yard Jiangsu Hantong for 2+2 x 208,000 dwt vessels for delivery in 2016. The price for these newbuildings is $54 million whereas a million higher is the price for the two options of same tonnage in Yangzijiang that the buyer exercised. Two more options for newcastlemaxes were exercised, this time in Taizhou Catic. The Dutch charterer Trafigura placed an order for 4+2 x 206,000 dwt in Qingdao Yangfan for $55 million per ship and the delivery is estimated for 2015/16. They were also active in the tanker market with the exercise of 4x52,000 dwt MRs in Guangzhou for $32 million and delivery in 2016. Moreover, a couple of kamsarmax orders completed this week together with two orders in the container market, both in Japanese shipyards. WeberSeas, Weekly Market Report Page 1 of 12

The demolition market was very active this week even though Pakistan was absent. We report a few deals in India and Bangladesh for mostly bulkers and containers in firmer prices. Finally, three COSCO controlled panamaxes were gone domestically for scrap, namely FULL BEAUTY (9,759 ldt / blt 1994), FULL SOURCES (9,662 ldt / blt 1994) and JOYOUS AGE (9,543 ldt / blt 1994) each one for $350/ldt. The container MAERSK TRAPANI (7,817 ldt / blt 1990) sold as is Piraeus for $351/ldt by Turkish breakers. TANKERS LUXEMBOURG 299,150/99 - DAEWOO - B&W 34,626 - SBT - IGS - COW - DH - SS 04/2017 DD 04/2015 Sold for $28 mill to Japanese buyers (for conversion to FPSO). ELISEWIN 149,991/02 - NKK - SUL 22,379 - COILED - SBT - IGS - COW - DH - SS 07/2017 DD 07/2015 Sold for $23.5 mill to Greek buyers. SEAMASTER 109,266/06 - HUDONG - B&W 18,450 - COATED - COILED - SBT - IGS - COW - DH SS 05/2016, DD 04/2016 Sold for $24 mill to undisclosed buyers. NOEMI 72,604/04 - SAMSUNG - B&W 16,680 - COATED - COILED - SBT - IGS - COW - DH SS/DD 07/2014 SENATORE 72,514/04 - SAMSUNG - B&W 16,450 - COATED - SBT - IGS - COW - DH SS/DD 06/2014 Sold en bloc for $22 mill each to Greek buyers. DAN CISNE 59,335/11 - COSCO NANTONG - B&W 12,889 - COILED - SBT - IGS - COW - DH SS 09/2016, DD 09/2014 DAN SABIA 59,317/12 - COSCO NANTONG - B&W 12,889 - COILED - SBT - IGS - COW - DH SS 01/2017, DD 01/2015 DAN EAGLE 46,186/99 - HYUNDAI H.I. - B&W 10,440 - COATED - COILED - SBT - IGS - COW DH - SS/DD 05/2014 Sold en bloc for $65 mill to Norwegian buyers (Knutsen/Knot) - Shuttle tankers. EMIRATES STAR 51,099/08 - STX - B&W 12,889 - COATED - SBT - IGS - COW - DH - SS 05/2018 DD 05/2016 ABU DHABI STAR 51,069/08 - STX - B&W 12,889 - COATED - SBT - IGS - COW - DH - SS 02/2018 DD 02/2016 Sold en bloc for $28 mill each to undisclosed buyers. THERESA CRYSTAL 46,842/93 - HALLA - B&W 10,145 - COATED - COILED - SBT - IGS - COW DH - SS/DD 01/2014 Sold for $8 mill to Indian buyers (Seven Islands Shipping Ltd). SPRING AUSTER 6,576/04 - HAKATA - MIT 4,620 - ST.ST. COATING - COILED - SBT - DH SS 12/2018, DD 12/2016 Sold for $8.8 mill to Chinese buyers. WeberSeas, Weekly Market Report Page 2 of 12

NIKER 5,850/05 - TURKEY - B&W 3,698 - COATED - COILED - SBT - DH - SS 10/2015, DD 11/2013 Sold at an auction for $7 mill to Italian buyers (Marnavi International Naval Shipping) basis DD due. BULKERS SANKO POWER 181,196/10 - SASEBO - B&W 25,370-9HH - SS/DD 08/2015 Sold at an auction for $49.9 mill to Singapore based buyers (Eastern Pacific Shipping Pte). MARIA CARMEN LEMBO 175,125/11 - NEW TIMES - B&W 22,923-9HH - SS 01/2016 DD 01/2014 GIUSEPPE LEMBO 172,639/99 - ROMANIA - B&W 22,920-9HH - SS 03/2017, DD 03/2015 LUCIANA DELLA GATTA 122,829/90 - HYUNDAI H.I. - B&W 16,280-9HH - SS/DD 07/2015 GINA IULIANO 122,829/90 - HYUNDAI H.I. - B&W 15,951-9HH - SS 03/2015, DD due ANGELO DELLA GATTA UNO 82,981/06 - TSUNEISHI - B&W 13,324-7HH - SS 01/2016 DD 01/2014 FILOMENA LEMBO 82,790/06 - TSUNEISHI - B&W 14,956-7HH - SS 07/2016, DD 07/2014 MICHELE IULIANO 82,551/06 - TSUNEISHI - B&W 15,037-7HH - SS 09/2016, DD 09/2014 LEONARDO LEMBO 75,473/96 - ITALY - SUL 14,684-7HH - SS/DD 03/2016 PASQUALE DELLA GATTA 75,473/96 - ITALY - SUL 15,101-7HH - SS/DD 07/2016 GIOVANNA IULIANO 75,265/97 - ITALY - SUL 15,101-7HH - SS/DD 12/2014 FILIPPO LEMBO 75,264/97 - ITALY - SUL 15,101-7HH - SS 07/2017, DD 12/2014 GIOVANNI DELLA GATTA 64,850/87 - ITALY - SUL 10,105-7HH - SS 04/2017, DD 07/2015 Sold en bloc for 82.50 mill to Italian buyers (JV of Augustea, Bunge and York Capital) together with seafarers, shore personnel etc. KALYPSO 73,762/97 - SUMITOMO - SUL 12,071-7HH - SS 08/2017, DD 08/2015 Sold for $11.3 mill to Korean buyers DIETRICH OLDENDORFF 63,500/13 - YANGZHOU DAYANG - B&W 11,285-5HH - C 4X35T Sold for $30.8 mill to Greek buyers (Oceanfleet). IKAN SERONG 56,023/06 - MITSUI - B&W 12,889-5HH - C 4X30.5T - SS 06/2016, DD 05/2014 Sold for $22.7 mill to Thai buyers (Thai Thorensen). AOYAMA 56,013/06 - MITSUI - B&W 12,889-5HH - C 4X30T - SS 10/2016, DD 08/2014 Sold for $22.5 mill to Hong Kong based buyers (Pacific Basin). NIKKEI PHOENIX 45,635/02 - OSHIMA - B&W 9,850-5HH - C 4X30T - SS 03/2017, DD 01/2015 Sold for $16.38 mill to Greek buyers. SPILIANI 43,246/94 - HYUNDAI H.I. - B&W 10,570-5HH - C 4X25T - SS 05/2017, DD 05/2015 Sold for $7.3 mill to undisclosed buyers. PACIFIC CHAMP 43,229/96 - HYUNDAI H.I. - B&W 11,641-5HH - C 4X25T - SS 08/2016, DD 07/2014 PACIFIC ROYAL 43,210/96 - HYUNDAI H.I. - B&W 11,641-5HH - C 4X25T - SS 12/2016, DD 11/2014 WeberSeas, Weekly Market Report Page 3 of 12

Sold en bloc for $9 mill each to Greek buyers (old sale). Sale includes T/C attached at $10,750/day until min June/max September 2014 for Pacific Champ and at $10,750/day until min May/max September 2014 for Pacific Royal. CARMEN SILVA 25,739/92 - ROMANIA - B&W 8,201-5HH - C 3X25T - SS 08/2017, DD 07/2015 Sold at an auction for $2.6 mill to Turkish buyers. PACIFIC CHIKUSA 16,870/00 - SHIN KOCHI - B&W 5,281-4HH - C 3X25.4T - SS/DD 01/2015 Sold for $5 mill to Canadian buyers. CONTAINERS VEGA SPINELL 8,524/07 - YANGFAN - MAK 8,565-3HH - 706 TEU VEGA ZIRKON 8,524/07 - YANGFAN - MAK 8,565-3HH - 706 TEU VEGA DOLOMIT 8,279/07 - YANGFAN - MAK 8,565-3HH - 706 TEU VEGA SONJA 8,279/08 - YANGFAN - MAK 8,565-3HH - 706 TEU Sold en bloc on private terms to Greek buyers. MPP/GENERAL CARGO KEIZERSBORG 9,150/96 - NETHERLANDS - WARTSILA 5,384-2HH - SS/DD 09/2016 Sold on private terms to undisclosed buyers. ZUIDERDIEP 8,302/98 - NETHERLANDS - MAK 5,221-2HH Sold on private terms to Turkish buyers. FRESH FOR SALE TANKERS UNIVERSAL BRAVE 301,242/97 - HYUNDAI H.I. - B&W 32,002 - SBT - IGS - COW - DH Vessel inspectable in Zhoushan, China where ETA 4 th February. UNIVERSAL PRIME 299,985/97 - HYUNDAI H.I. - B&W 32,002 - SBT - IGS - COW - DH Vessel inspectable in Yosu, Korea where ETA 7 th February. GARDEN CITY RIVER 106,468/05 - UNIVERSAL - SUL 19,034 - COILED - SBT - IGS - COW - DH Vessel will load in Sepat, Malaysia where ETA 28 th January and ETD 30 th January. RICH SINO 35,657/96 - KURUSHIMA - MIT 12,300 - COATED - SBT - CBT - DH Vessel can be inspected in China where ETA 2 nd February for loading. WeberSeas, Weekly Market Report Page 4 of 12

BULKERS PEACE GEM 76,433/12 - ZHEJIANG ZHENGHE - B&W 11,901-7HH Vessel is presently loading in Puerto Ordaz, Venezula. Vessel has long term T/C attached. PEACE BRIGHT 76,000/1-14 - ZHEJIANG ZHENGHE - B&W 15,363-7HH Vessel enroute Suez where ETA 5 th February. Vessel has long term T/C attached. PEACE PEARL 76,000/13 - ZHEJIANG ZHENGHE - B&W 11,901-7HH Vessel enroute Klaipeda, Lithuania where ETA 26 th January.Vessel has long term T/C attached. SHENG MING 71,122/95 - NAMURA - SUL 10,900-7HH Vessel will arrive in Basuo, Hainan, China for discharging in the 1 st week of February. SKY MARINER V 53,459/05 - IMABARI - B&W 12,889-5HH - C 4X30.5T Vessel can be inspected in Luoyuan, China while discharging on 4 th February. TROPICAL QUEEN 52,498/05 - TSUNEISHI CEBU - B&W 10,605-5HH - C 4X30T Vessel can be inspected in Las Ventanas, Chile while discharging between 27 th January - 1 st February. CONTAINERS SANTIAGO 32,355/96 - GERMANY - B&W 22,923-8HA - C 3X40T - 2,000 TEU Vessel is presently in Alexandria, Egypt where can be inspected. MUNSTER 12,950/96 - GERMANY - MAK 13,596-4HO, 6HA - C 2X45T - 942 TEU Vessel is presently trading in South East Asia area. WeberSeas, Weekly Market Report Page 5 of 12

DEMOLITION DEMOLITION STATISTICS TYPE OF SHIP THIS DATE 2014 THIS DATE 2013 2013 TOTAL 2012 TOTAL ULCC/VLCC 0 0 15 14 SUEZMAX 0 2 9 15 AFRAMAX 3 2 18 29 PANAMAX TANKER 0 0 7 3 CAPE/COMBO (100,000 dwt +) 3 5 42 68 PANAMAX/KAMSARMAX BULKER 6 6 37 101 LOCATION TANKERS BULK CARRIERS CHINA 355-370 345-355 INDIA 450-460 430-445 BANGLADESH 450-470 425-440 PAKISTAN 440-455 415-430 DEMOLITION: INDIA CONT MSC TANZANIA including 200T ROB M/V CATHAY MORSKI CONT FILIPPA C RO-RO VINNI CONT LTI INTEGRITY 63,551/97-18,945 LDT - USD 447/LDT 39,055/84-6,973 LDT - USD 430/LDT 14,190/91-6,500 LDT - USD 465/LDT 13,480/94-10,524 LDT - USD 470/LDT 12,045/85-4,387 LDT - USD 460/LDT BANGLADESH M/V BIN HAI NO. 1 M/V HONG WANG 1 M/V FORTUNE CLOUD including 200T ROB CONT KAPITAN ARTYKH 64,048/91-10,841 LDT - USD 445/LDT 37,677/84-7,339 LDT - USD 425/LDT 34,070/83-7,423 LDT - USD 415/LDT,as is Chittagong 9,141/86-4,997 LDT - USD 448/LDT CHINA M/V FULL BEAUTY 70,198/94-9,759 LDT - USD 350/LDT WeberSeas, Weekly Market Report Page 6 of 12

M/V FULL SOURCES M/V JOYOUS AGE 69,573/94-9,662 LDT - USD 350/LDT 69,271/94-9,543 LDT - USD 350/LDT TURKEY CONT MAERSK TRAPANI 21,238/90-7,817 LDT - USD 351/LDT, as is Piraeus TYPE OF SHIP NEWBUILDING STATISTICS 2014 2015 2016 2017 * TOTAL ORDERBOOK ULCC/VLCC 28 19 27 4 78 SUEZMAX 20 9 2 31 AFRAMAX 44 57 42 8 151 PANAMAX 34 25 11 2 72 MR 133 194 90 8 425 10-35,000 DWT 74 51 22 8 155 CAPESIZE/ MINI CAPE / VLOC 80-100,000 DWT 107 102 67 1 277 119 104 74 4 301 PANAMAX 75 17 2 94 SUPRAMAX / HANDYMAX 230 211 116 11 568 HANDYSIZE 213 165 39 5 422 WeberSeas, Weekly Market Report Page 7 of 12

NEWBUILDING CONTRACTS No Size Type Yard Delivery Price (mill) Owners Comments 2 158,000 dwt Tanker Hyundai H.I. 2016 $67.00 4 52,000 dwt Tanker 2 208,000 dwt Bulker 1 208,000 dwt Bulker Guangzhou Shipyard Jiangsu Hantong Yangzijiang Shipbuilding Diamond S. Shipping 2016 $32.00 Trafigura 2016 $54.00 2016 $55.00 2 208,000 dwt Bulker Taizhou Catic n/a n/a 4 206,000 dwt Bulker 2 82,000 dwt Bulker 2 80,500 dwt Bulker 2 64,000 dwt Bulker 2 43,000 dwt Bulker Qingdao Yangfan Penglai Zhongbai Jinglu Zhejiang Ouhua Zhejiang Yangfan Qingshan Shipyard Oldendorff Carriers Oldendorff Carriers Oldendorff Carriers 2015/16 $55.00 Trafigura 2016 $27.00 2016 n/a Laskaridis Shipping Tovald Klaveness 2015 $28.00 Baltic Trading 2016 $24.00 Blue Wall Shipping Options exercised +2 options Option exercised Options exercised +2 options, Subject to BOD approval Options exercised Combination carriers Options exercised +2 options 5 14,000 teu Container Imabari Shipbuilding 2016/17 n/a Shoei Kisen Kaisha Order against T/C to Evergreen 4 14,000 teu Container JMU 2016 n/a N.Y.K. WeberSeas, Weekly Market Report Page 8 of 12

BALTIC DRY EXCHANGE RATES THIS WEEK LAST WEEK CHANGE CHANGE % Baltic Dry Index 1246 1421-175 -12.32% Baltic Capesize 1723 2026-303 -14.96% Baltic Panamax 1437 1564-127 -8.12% Baltic Supramax 1112 1165-53 -4.55% Baltic Handysize 712 719-7 -0.97% 4500 4000 3500 3000 2500 2000 1500 1000 500 0 24-Jan-10 24-Mar-10 24-May-10 24-Jul-10 24-Sep-10 24-Nov-10 24-Jan-11 24-Mar-11 24-May-11 24-Jul-11 24-Sep-11 24-Nov-11 24-Jan-12 24-Mar-12 24-May-12 B D I 24-Jul-12 24-Sep-12 24-Nov-12 24-Jan-13 24-Mar-13 24-May-13 24-Jul-13 24-Sep-13 24-Nov-13 24-Jan-14 6000 5000 4000 3000 2000 1000 0 24-Jan-10 24-Mar-10 24-May-10 24-Jul-10 24-Sep-10 24-Nov-10 24-Jan-11 24-Mar-11 24-May-11 24-Jul-11 24-Sep-11 24-Nov-11 24-Jan-12 24-Mar-12 B C I 24-May-12 24-Jul-12 24-Sep-12 24-Nov-12 24-Jan-13 24-Mar-13 24-May-13 24-Jul-13 24-Sep-13 24-Nov-13 24-Jan-14 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 24-Jan-10 24-Mar-10 24-May-10 24-Jul-10 24-Sep-10 24-Nov-10 24-Jan-11 24-Mar-11 24-May-11 24-Jul-11 24-Sep-11 24-Nov-11 24-Jan-12 24-Mar-12 B P I 24-May-12 24-Jul-12 24-Sep-12 24-Nov-12 24-Jan-13 24-Mar-13 24-May-13 24-Jul-13 24-Sep-13 24-Nov-13 24-Jan-14 WeberSeas, Weekly Market Report Page 9 of 12

Baltic Clean Tanker Baltic Dirty Tanker BALTIC WET EXCHANGE RATES THIS WEEK LAST WEEK CHANGE CHANGE % 605 612-7 -1.14% 1186 1273-87 -6.83% 1000 900 800 700 600 500 400 300 200 100 0 24-Jan-10 24-Mar-10 24-May-10 24-Jul-10 24-Sep-10 24-Nov-10 24-Jan-11 24-Mar-11 24-May-11 24-Jul-11 24-Sep-11 24-Nov-11 24-Jan-12 24-Mar-12 BCTI 24-May-12 24-Jul-12 24-Sep-12 24-Nov-12 24-Jan-13 24-Mar-13 24-May-13 24-Jul-13 24-Sep-13 24-Nov-13 24-Jan-14 1600 1400 1200 1000 800 600 400 200 0 24-Jan-10 24-Mar-10 24-May-10 24-Jul-10 24-Sep-10 24-Nov-10 24-Jan-11 24-Mar-11 24-May-11 24-Jul-11 24-Sep-11 24-Nov-11 24-Jan-12 24-Mar-12 24-May-12 24-Jul-12 24-Sep-12 24-Nov-12 24-Jan-13 24-Mar-13 24-May-13 24-Jul-13 24-Sep-13 24-Nov-13 24-Jan-14 BDTI WeberSeas, Weekly Market Report Page 10 of 12

MAJOR CAPITAL MARKETS INDEX THIS WEEK* LAST WEEK* CHANGE CHANGE % 52 WEEKS HIGH 52 WEEKS LOW DOW JONES 16,197.35 16,417.01-219.66-1.34% 16,588.20 13,784.00 NASDAQ 3,613.76 3,611.29 2.47 0.07% 3,634.65 2,689.83 AIM 870.49 884.11-13.62-1.54% 884.65 685.28 NIKKEI 15,695.89 15,747.20-51.31-0.33% 16,320.20 10,751.00 PUBLIC COMPANIES NAME SYMBOL THIS WEEK* DRY-CARGO SECTOR LAST WEEK* CHANGE CHANGE % 52 WEEK HIGH 52 WEEK LOW DIANA DSX 12.55 13.28-0.73-5.50% 13.93 8.24 DRYSHIPS DRYS 3.77 3.99-0.22-5.51% 5.00 1.65 EAGLE BULK EGLE 4.04 4.43-0.39-8.80% 8.75 1.75 GENCO GNK 2.49 2.62-0.13-4.96% 4.98 1.12 GOLDENPORT HOLDINGS GPRT.L 44.25 43.65 0.60 1.37% 51.00 29.00 NAVIOS HOLDINGS NM 9.20 9.80-0.60-6.12% 11.73 3.59 NAME CAPITAL PRODUCT PARTNERS SYMBOL TANKER/ENERGY SECTOR THIS WEEK* LAST WEEK* CHANGE CHANGE % 52 WEEK HIGH 52 WEEK LOW CPLP 10.23 10.46-0.23-2.20% 10.80 7.55 STEALTHGAS GASS 10.03 10.15-0.12-1.18% 13.00 5.34 TEN TNP 7.50 7.44 0.06 0.81% 8.17 3.29 NAME SYMBOL THIS WEEK* CONTAINER SECTOR LAST WEEK* CHANGE CHANGE % 52 WEEK HIGH 52 WEEK LOW DANAOS DAC 7.42 7.06 0.36 5.10% 7.75 3.11 * Prices reflect Thursday s closing values. Prices in US$ except for Goldenport Holdings which is in GBP. WeberSeas, Weekly Market Report Page 11 of 12

RATES OF EXCHANGE THIS WEEK LAST WEEK CHANGE CHANGE % Euro / $ 1.3686 1.3568 0.0118 0.87% Sterling / $ 1.6501 1.6442 0.0059 0.36% $ / Yen 102.185 104.355-2.170-2.08% $ / Nok 6.1469 6.1680-0.02-0.34% $ / Won 1,086.89 1,061.99 24.90 2.34% Brent Crude 107.35 106.32 1.03 0.97% LIBOR (3-month) 0.24% 0.24% -0.002-0.83% ESTIMATED VALUES* TANKERS PROMPT RESALE 5 YEARS 10 YEARS 20 YEARS VLCC $90.0m $65.0m $42.5m $19.0m Suezmax $59.0m $43.0m $27.0m $11.0m Aframax $44.0m $34.0m $24.0m $9.0m Panamax $38.0m $29.0m $22.0m $8.0m Product $37.0m $27.0m $17.0m $6.0m BULK CARRIERS PROMPT RESALE 5 YEARS 10 YEARS 20 YEARS Capesize $54.0m $44.5m $31.5m $8.0m Panamax/Kamsarmax $33.0m $26.0m $19.0m $7.5m Supramax/Handymax $30.5m $25.5m $18.5m $7.0m * The above values are based and adjusted according only to recent reported sales and are subject to weekly changes. TANKER T/C RATES* 1 YR 3 YRS VLCC (300,000 dwt) 25,000/D 23,750/D SUEZMAX (150,000 dwt) 23,000/D 18,500/D AFRAMAX (110,00 dwt) 14,500/D 15,500/D PANAMAX (72,000 dwt) 14,250/D 15,500/D MR (45-50,000 dwt) 14,500/D 16,000/D * The above figures are representative rates for modern tankers only. BUNKER PRICES FUEL GRADES ROTTERDAM FUJAIRAH PIRAEUS SINGAPORE 380cst: $559.50 $618.50 $302.00 $610.00 180cst: $589.00 $645.00 $635.00 $625.00 MGO: $899.00 $990.00 $940.50 $904.00 The information contained in this report has been obtained from various market sources. WEBERSEAS (HELLAS) S.A. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. WSH will not be held responsible for any action or failure to take action upon reliance on information contained in this report. 2014 WEBERSEAS (HELLAS) S.A. All Rights Reserved WeberSeas, Weekly Market Report Page 12 of 12