25 2 17-19, 19, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece Tel: 21 96597 - Fax: 21 89964 Internet Mail: athenian(at)atheniansa(dot) (at)atheniansa(dot)gr MONTHLY REPORT Baltic Dry Index September 217 15 1 5 Sep-12 Nov-12 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 PRICES TANKERS ($ MIO) * Prices reflect Year s End 211* 212* 213* 214* 215* 216* Sep-17 VLCC 5Y 55.6 56. 55.8 77.1 8 6 61 VLCC 1Y 34.1 35. 35. 52.1 55 4 37 SUEZMAX 5Y 45.6 4.2 39.5 56.8 6 4 39 AFRAMAX 5Y 34.7 28. 27.8 41.9 46 29 3 AFRAMAX1Y 19.3 16.3 16.3 26.8 31 18 2 PANAMAX5Y 3.9 24.3 24.3 33.4 35 28 26.5 47K 5Y D/H 25.8 23. 23.3 23.8 28.9 22 23.5 45K 1Y D/H 15.8 15.5 15.7 15.2 19.6 15.5 16 45K 2Y 6. 6.2 6.2 6.5 8.5 5.1 5.3 Prior 217 76-78k dwt PRICES BULKERS ($ MIO) * Prices reflect Year s End 211* 212* 213* 214* 215* 216* Sep-17 CAPESIZE 5Y 36.3 32. 43.9 39.5 25 24 34 CAPESIZE 1Y 26.8 2.5 31. 27.8 13.6 15 21.5 CAPESIZE 15Y 15.2 12.7 18.2 16.3 8.5 8 15 CAPESIZE 2Y 1.5 9.3 1.1 9. 5.6 5.5 7.5 KAMSARMAX 5Y 26.4 18. 25.6 2.1 14 14 21.5 PANAMAX 1Y 18.6 12.5 17.9 14.6 8.5 8.5 14 PANAMAX 15Y 12.4 8.3 12. 1. 5 5.4 9 PANAMAX 2Y 8.1 5.4 7.5 5.4 3.6 3.6 6.3 SUPRAMAX 5Y 26.4 23.3 24.3 2.8 13.6 14 16.3 SUPRAMAX 1Y 18. 13. 17.4 13.8 8 9.5 13 HANDYMAX15Y 11.1 8.7 1.9 9.1 4.5 5.8 9.3 HANDYMAX2Y 7.9 6.3 6.4 6.2 3.5 2.8 6
2 SECOND HAND SALES & CHARTER FIXTURE TRENDS 9. Monthly Tanker Market Trend 7 Monthly 1 Yr TC Rates 8. 6 7. 6. 5 5. 4 Price (USD Mio) 4. 3. 2. 1. Price (USD) 3 2 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 Prices (USD Mio) 4. 3. 2. Price (USD) 25 2 15 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 SECOND HAND TONNAGE MARKET 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 26 252 46 41 THIS MONTH - PREVIOUS MONTH 15 1 5 168 117 13 13 THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market Ship Type Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Total BULK 62 42 34 31 41 46 256 TANK 29 44 34 21 13 13 154 GAS 1 1 5 1 3 1 12 CONT 29 2 12 23 6 12 12 TWEEN/MPP 2 3 5 5 15 REEF RORO FERRY 1 1 CRUISE Total 123 18 88 81 68 72 54
4 92 82 72 62 52 42 32 Baltic Clean Tanker - Yearly 857 634 421 4 43 46 49 52 3 6 9 12 15 18 21 24 27 3 33 36 39 216 WEEK NO 217 11 1 9 8 7 6 5 4 216 618 Baltic Dirty Tanker - Yearly 148 653 4 43 46 49 52 3 6 9 12 15 18 21 24 27 3 33 36 39 WEEK NO 217 Baltic Clean Tanker -Monthly 8 75 737 7 65 6 69 61 55 5 45 1/9/217 8/9/217 15/9/217 22/9/217 29/9/217 8 75 7 65 Baltic Dirty Tanker -Monthly 781 732 682 6 1/9/217 8/9/217 15/9/217 22/9/217 29/9/217 TANKER SALES NAME DWT BLT PRICE $ BUYER BLUE GARNET 687 21 TUKEY DH 15.5 MIO JT ESSBERGER (STST) SOFIA 7744 1991 JAPAN DB 2.1 MIO FAR EASTERN (STST/Epoxy) KING EMERALD 3885 24 CHINA DH 7.1 MIO UNDISCLOSED (Epoxy) FD SEA WISH 483 22 KOREA DH 7.5 MIO UNDISCLOSED (SS D 9/17) ORIENT SUNSHINE 45994 28 JAPAN DH 15.2 MIO GREEK (Epoxy) VEGA 46217 1999 KOREA DH 6.5 MIO UNDISCLOSED JILL JACOB 7298 23 KOREA DH 1 MIO GREEK TANJA JACOB 734 23 KOREA DH 1 MIO GREEK STELLAR VOYAGER 1481 23 KOREA DH 1 MIO GREEK NEPTUNE VOYAGER 14875 23 KOREA DH 1 MIO GREEK RS TARA 158 216 CHINA DH 51 MIO GREEK NICHINORI 298414 22 JAPAN DH 21 MIO SINOKOR ISUZUGAWA 298984 24 JAPAN DH 25.8 MIO SINOKOR GAS SALES NAME DWT BLT CBM PRICE $ BUYER GAS COLUMBIA 26897 1997 JAPAN 3542 8.9 MIO INDIAN (SS/DD passed)
5 Spot Market - Tankers VLCC SUEZMAX AFRAMAX $/Day 7 6 5 4 3 2 1 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 1566 116 842 VLCC Period Market -Tankers 1 Year T/C SUEZMAX AFRAMAX $/Day 35 3 25 2 15 1 2575 18 1475 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17
6 65 6 55 5 45 486 Baltic Handysize 52 62 12 1 8 6 856 Baltic Supramax 888 15 4 1/9/217 8/9/217 15/9/217 22/9/217 29/9/217 4 1/9/217 8/9/217 15/9/217 22/9/217 29/9/217 Baltic Panamax 16 1529 15 1474 14 13 1275 12 11 1 1/9/217 8/9/217 15/9/217 22/9/217 29/9/217 Baltic Capesize 35 2824 3 2642 25 2 2264 15 1 1/9/217 8/9/217 15/9/217 22/9/217 29/9/217 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER GLORY MARUGAME 28343 28 JAPAN CR 4X3 7.8 MIO UNDISCLOSED ZENITH EXPLORER 28343 28 JAPAN CR 4X3 8 MIO UNDISCLOSED SHUNWA 28351 21 JAPAN CR 4X3 8.2 MIO UNDISCLOSED MAGNOLIA ACE 28389 21 JAPAN CR 4X3 8 MIO GREEK BRASSCHAAT 318 29 CHINA CR 4X3 6.6 MIO ENBLOC BSS ZARECHENSK 318 29 CHINA CR 4X3 6.6 MIO EUROPEAN (Price each. Via auction) ARISTO RIVER 33532 25 JAPAN CR 4X3 7.7 MIO UNDISCLOSED SEA MELODY 34468 21 KOREA CR 4X35 1.5 MIO UNDISCLOSED PARISIANA 3464 212 CHINA CR 4X3 7.8 MIO UNDISCLOSED (Via Auction) VYRITSA 35314 21 CHINA CR 4X3 7.5 MIO UNDISCLOSED (Via Auction) KOVDOR 35315 21 CHINA CR 4X3 7.5 MIO UNDISCLOSED (Via Auction) AVIC WEIHAI 396 37877 216 CHINA CR 4X3 16.9 MIO GERMAN (Delivery 12/217) OLUJA 41712 1996 CROATIA CR 4X25 4.2 MIO CHINESE DOKOS 456 1997 JAPAN CR 4X3 4.2 MIO UNDISCLOSED WORLDERA-2 4897 21 JAPAN CR 4X3 7.7 MIO CHINESE PARVATHY 5327 1999 JAPAN CR 4X31 5.4 MIO UNDISCLOSED RAK ANA 5786 2 JAPAN CR 4X3 6 MIO UNDISCLOSED DORIC PRIDE 52428 21 JAPAN CR 4X3 8 MIO BANGLADESHI LORD 5254 24 PHILIPPINES CR 4X3 5.1 MIO CHINESE (Laid up China since 11/216 with class suspended) SABRINA VENTURE 53456 21 CHINA CR 4X36 1.5 MIO CHINESE AVOCET 53462 21 CHINA CR 4X35 1 MIO SOUTH EAST ASIAN CMB CORALIE 53463 29 CHINA CR 4X36 9.3 MIO UNDISCLOSED NORD GLORY 55657 21 JAPAN CR 4X3 14.4 MIO EUROPEAN SANTA PHOENIX 5645 26 JAPAN CR 4X3 12 MIO BANGLADESHI
7 CS SONOMA 5674 21 CHINA CR 4X36 1.7 MIO ENBLOC BSS CS SORAYA 57 21 CHINA CR 4X3 1.7 MIO TURKISH (Price each) SONGA MARLIN 58693 29 CHINA CR 4X3 13.8 MIO THORESEN ULTRAMER 63166 214 CHINA CR 4X36 18.6 MIO NORWEGIAN STAR VANESSA 72493 1999 JAPAN GLESS 7.8 MIO UNDISCLOSED SEAWING I 7391 25 CHINA GLESS 8 MIO UNDISCLOSED MARIA THEO 74381 2 JAPAN GLESS 7.7 MIO UNDISCLOSED OCEAN SAKURA 76596 27 JAPAN GLESS 13.7 MIO GREEK BULK MONACO 76596 28 CHINA GLESS 13.8 MIO GREEK AOMI 77215 27 JAPAN GLESS 12 MIO UNDISCLOSED BURGIA 7943 21 CHINA GLESS * ENBLOC BSS SELANDIA 7958 211 CHINA GLESS 26.7 MIO GREEK (Total price, on subs) AZALEA SKY 8594 212 JAPAN GLESS 21.5 MIO ITALIAN UNITED LIBERTY 81837 215 JAPAN GLESS 24.85 MIO JP MORGAN GLOBAL MARITIME (Via Auction) ATLANTIC MOON 82188 212 JAPAN GLESS 2.5 MIO SONGA BULK NAVIOS ALTAIR 831 26 JAPAN GLESS 14.5 MIO GREEK NPS CENTURY 17236 2 KOREA GLESS 12 MIO UNDISCLOSED RUGIA 17655 211 CHINA GLESS 26 MIO GREEK (Bank sale, T/C attached) TRUE FRONTIER 179147 21 KOREA GLESS 29.75 MIO H LINE SHIPPING CAPE CLAUDINE 181258 211 KOREA GLESS 3.5 MIO SONGA BULK CHEVRIER 182 215 JAPAN GLESS 44.8 MIO ENBLOC BSS CARTIGNY 182 216 JAPAN GLESS 44.8 MIO USA BASED (Price each, include 3 years T/C back)
8 3 25 2 Spot Market - Bulkers 242 CAPESIZE PANAMAX HANDYMAX $/Day 15 1 5 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 134 8875 181 Period Market -Bulkers 1 Year T/C CAPE PMAX HANDYMAX $/Day 161 141 121 11 81 61 41 1625 1242 11 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER CONMAR ISLAND 92 28 GERMANY GLESS 95 5.9 MIO GERMAN BUYERS ISLANDER 1747 1994 JAPAN CR 2X37 841 2 MIO VICTORY STAR GEESKE 13727 25 CHINA CR 2X45 1118 4.83 MIO JEN WALLER REEDEREI THORSRIVER 219 217 CHINA CR 2X45 17 2 MIO KOTOKU KAIUN URSULA 2364 1997 POLAND CR 3X4 1728 3.3 MIO OEL SHIPPING VIKING EAGLE 23482 26 CHINA CR 2X4 174 8.2 MIO UNDISCLOSED KOTA FAJAR 28879 1999 JAPAN CR 2X4 2135 4.95 MIO CHINESE QINGDAO 33648 27 JAPAN GLESS 2483 11 MIO TS LINES WEHR HAVEL 33748 22 GERMANY CR 3X45 2524 5.3 MIO GREEK CPO SAVANNAH 5171 29 KOREA GLESS 4563 1 MIO UNDISCLOSED KAETHE P 53911 26 KOREA GLESS 541 9.5 MIO MPC CONTAINER SHIPS DUCK HUNTER 55495 24 KOREA GLESS 4132 11 MIO CHINESE MPP/TWEEN SALES NAME DWT BLT GEAR TEU PRICE $ BUYER N/A N/A N/A N/A
9 NEW BUILDING MARKET AND REPORTED CONTRACTS $m 1 Tanker Prices VLCC Suezmax Aframax MR 8 81 6 54 4 43 33.5 2 Sep-15 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 $m 55 5 45 4 35 3 25 2 15 Bulker Prices Capesize Panamax Supramax Handysize 1 Sep-15 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 42.5 24.5 23 21 Ship Type 217 218 219+ Total Capesize 24 53 53 13 Panamax 41 57 59 157 Supra/Hmax 82 58 3 17 Handies 71 74 28 173 Total 218 242 17 63 Ship Type 217 218 219+ Total ULCC/VLCC 14 48 28 9 Suezmax 22 32 12 66 Aframax 31 6 43 134 Panamax 13 2 6 39 MR+Small 81 134 17 322 Total 161 294 196 651 Ship Type 217 218 219+ Total VLGC 8 1 13 31 LGC MR 2 14 4 2 Handy 5 7 1 13 Small 3 2 2 7 Total 18 33 2 71
1 Newbuilding Sales 5 Tankers >1, dwt Bulkers >1, dwt Containerships Delivery Schedule 3 26.9 Bulkers >1, dwt. Tankers >1, dwt No. of Vessels 4 3 2 1 398 235 28 79 47 8 147 133 44 m. dwt 25 2 15 1 5 17 1.7 24.2 21 14.7 215 216 Sep-17 Sep-17 218 219+ Tanker Newbuildings on Order 3 28 VLCC Aframax Products Suezmax Panamax Bulker Newbuildings on Order Capesize Panamax Handymax Handysize 35 32.9 25 3 m. dwt 2 15 1 5 1.3 15.2 3.1 11 m. dwt 25 2 15 1 5 12.9 1.3 6.1 September 217 September 217 Tankers Newbuilding Historical Prices ($m) Sep-17 216 215 214 213 212 211 21 28 25 2 1995 199 1985 32, DWT 1 81 84.5 93.7 97.3 93.8 93.2 98.9 14.8 15 12 76.5 85.3 87.4 17, DWT 1 54 54.5 63 65.5 59.6 57.1 6.3 66.3 9 71.5 52.5 54 66.1 115, DWT 1 43 44.5 52 53.6 52.2 48.5 52.2 56 74 58 41.5 43.3 53.2 47, DWT 1 33.5 32.5 35.4 36.8 34.6 33.8 35.2 36.1 46.5 43 29.5 33.2 Bulkers 18, DWT 1 42.5 42 46 54.2 53.6 45.7 48.4 57.2 87 58.5 4.5 42.3 6.2 29.3 81, DWT 1 24.5 24.5 25.7 29 27.8 25.6 28.7 34.3 45.5 36 22.5 27.9 3 13.4 62, DWT 23 22.3 24.1 27.2 26.5 23.7 26.7 31.1 41 31 2.5 24.1 25.3 12.4 35, DWT 21 19.5 2.3 22.8 22.2 2.5 22.2 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 Accom. Unit Ast. Zamakona 219 ESVAGT Accom. Unit Fujian Mawei SB 219 Fuchuan Investment Bulk 8 Hyundai Vinashin 22 Bahri Dry Bulk Bulk 8 Hyundai Vinashin 22 Bahri Dry Bulk Bulk 8 Hyundai Vinashin 22 Bahri Dry Bulk Bulk 8 Hyundai Vinashin 22 Bahri Dry Bulk Bulk 82 COSCO Zhoushan 219 Aegean Shipping Mngt Bulk 82 COSCO Zhoushan 219 Aegean Shipping Mngt Bulk 82 COSCO Zhoushan 219 Aegean Shipping Mngt Bulk 82 COSCO Zhoushan 219 Aegean Shipping Mngt Bulk 82 COSCO Zhoushan 22 Aegean Shipping Mngt Option Bulk 82 COSCO Zhoushan 22 Aegean Shipping Mngt Option Bulk 82 COSCO Zhoushan 22 Aegean Shipping Mngt Option Bulk 82 COSCO Zhoushan 22 Aegean Shipping Mngt Option C,U & FP Lay Uljanik Brod. 22 Nexans Chem & Oil 5 Hyundai Vinashin 22 DSD Shipping A/S Chem & Oil 5 Hyundai Vinashin 22 DSD Shipping A/S Container 2 Daewoo (DSME) 219 MSC Container 2 Daewoo (DSME) 219 MSC Container 2 Daewoo (DSME) 22 MSC Container 2 Daewoo (DSME) 22 MSC Container 2 Daewoo (DSME) 22 MSC Container 2 Hudong Zhonghua 219 CMA-CGM Container 2 Hudong Zhonghua 22 CMA-CGM Container 2 Hudong Zhonghua 22 CMA-CGM Container 2 Hudong Zhonghua 22 CMA-CGM Container 2 Shanghai Waigaoqiao 22 CMA-CGM Container 2 Shanghai Waigaoqiao 22 CMA-CGM Container 2 Shanghai Waigaoqiao 22 CMA-CGM Container 2 Shanghai Waigaoqiao 22 CMA-CGM Container 2 Shanghai Waigaoqiao 22 CMA-CGM Cruise VARD Vung Tau 219 Coral Expeditions Cruise 45 Fincantieri 22 Eur 31 mio Silversea Cruises Cruise Meyer Werft 22 Saga Cruises LPG 55 Jiangnan SY Group 219 Petredec LPG 55 Jiangnan SY Group 219 Petredec LPG 4 Sasaki Zosen 219 Toda Kisen K.K. LPG 4 Sasaki Zosen 219 Toda Kisen K.K. Open Hatch 62 COSCO Dalian SY 219 COSCO Shipping Open Hatch 62 COSCO Dalian SY 219 COSCO Shipping Open Hatch 62 COSCO Dalian SY 219 COSCO Shipping Option Pass/ Cat Austal Phils Ltd. 219 Brave Line Pass/Cat Austal Phils Ltd. 219 Brave Line Pass/Cat Austal Phils Ltd. 219 Brave Line Option Products 15 Fujian Mawei SB 219 CNAF Haixin Shipping Shuttle 42 Samsung HI 219 Sovcomflot JSC Shuttle 158 Samsung HI 219 137.5 Mio Teekay Shuttle Shuttle 158 Samsung HI 22 137.5 Mio Teekay Shuttle Shuttle 158 Samsung HI 221 Teekay Shuttle Option Shuttle 158 Samsung HI 221 Teekay Shuttle Option Tanker 31 JMU Ariake Shipyard 219 Nippon Yusen Kaisha Tanker 31 JMU Ariake Shipyard 219 Nippon Yusen Kaisha Tanker 31 JMU Ariake Shipyard 22 Nippon Yusen Kaisha Tanker 31 Namura Shipbuilding 22 Nippon Yusen Kaisha Tanker 3 Daewoo (DSME) 219 HMM Tanker 3 Daewoo (DSME) 219 HMM Tanker 3 Daewoo (DSME) 219 HMM Tanker 3 Daewoo (DSME) 219 HMM Tanker 3 Daewoo (DSME) 219 HMM Tanker 3 Daewoo (DSME) 22 HMM Option Tanker 3 Daewoo (DSME) 22 HMM Option
12 Demolition Historical Data DEMOLITION MARKET Demolition Prices Gen Cargo Tanker India USD 395 /lt Ldt USD 415 /lt Ldt Bangladesh USD 45 /lt Ldt USD 42 /lt Ldt Pakistan USD 41 /lt Ldt USD 42 /lt Ldt China USD 26 /lt Ldt USD 27 /lt Ldt USD/ton USD/ton Million dwt 58 53 48 43 38 33 28 23 18 58 53 48 43 38 33 28 23 18 6 5 4 3 2 1 33 325 365 395 Price Tankers* 355 35 38 45 415 214 215 216 217 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices 315 315 35 38 Price Bulkers* 34 335 355 385 395 214 215 216 217 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 15.916.7 18.9 15.5 18 15.6 Total Demolition (Dwt) 3.5 28.428.5 25 27 22.4 1 5.5 6.5 5 12 28.9 25.7 31.58 5.3 41.8 44.6 38.8 34.3 26 * Bss reported sales
13 6 Historical Demolition Prices (India Year's End) 5 USD/ton 4 3 2 TANKERS BULKERS Avg. Trend 1 HISTORICAL DEMOLITION PRICES (*Indian Year s End) 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 CURR. TANK 136 174 135 174 262 362 32 45 57 287 338 485 482 45 435 425 3 3 415 BULK 143 17 135 181 267 381 332 392 472 268 328 437 456 375 41 4 285 28 395 India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK MSC GEORGIA 33823 1985 8616 44 CONT RULA 4415 1977 1924 37 Green recycling CONT MSC MYKONOS 6639 1988 23451 425 RORO OHAMANA 3435 1989 613 315 As is Kanda, Japan Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK PAUS ONE 1153 1972 3754 34 BULK SRI PREM POORVA 69286 1994 11 4 BULK STELLAR UNICORN 27922 1993 38581 415 CONT WESTERBURG 3291 1997 16565 423 As is Singapore COMBO JILL JACOB 199 1992 19398 38 TANK M SPIRIT 95371 1995 16529 385 TANK KANATA SPIRIT 11322 1999 1834 413 TANK NATALY 143386 1993 24512 49 TANK LA PAZ 2997 1995 497 415 As is Singapore 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 THOR HORIZON 47119 22 1325 43 BULK SILVER OCEAN 15112 1994 17987 445 TWEEN JAMILEH 1368 1986 462 45
14 Turkey TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS CONT MAERSK PEMBROKE 3825 1998 134 32 Green Recycling TWEEN WILSON EXPRESS 5864 1983 3657 28 Other TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK VINALINES TRADER 69614 1997 976 394 CONT CONCORD 17446 1992 5822 36 As is Kaohsiung CONT UNI-CONCERT 17446 1993 5823 36 As is Kaohsiung CONT MSC FLORIDA 58286 25 21437 418 As is Port Said TANK ALORS 45999 1991 1766 45 As is Fujairah TANK SILVER BRIDGE 17212 1999 16665 43 India-Subcont TANK STELLAR COSMO 26131 1992 4 423 TANK DS CROWN 311176 1999 41768 395 As is Singapore
15 8 7 6 USD/ton 5 4 3 2 1 HISTORICAL BUNKER PRICES Bunkers Cost (38 cst) Rotterdam Fujeirah Houston Average Trend 12 1 USD/ton 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 Sep-17 322.5 526.5 34 585 312.5 547.5
16 MARKET INDICATORS USD-EUR 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 USD-JPY $/Barrel 16. 14. 12. 1. 8. 6. 4. 2.. Brent Oil GBP CAD EUR JPY CHF USD AUD GBP 1.5985.8773.662.7668.7456.58411 CAD 1.67166 1 1.4667.116 1.28196 1.24656.97657 EUR 1.13964.68163 1.754.874.84981.66575 JPY 151.1 9.37 132.57 1 115.87 112.67 88.27 CHF 1.3375.7435 1.14393.863 1.97218.76162 USD 1.3412.821 1.1766.887 1.284 1.78341 AUD 1.71145 1.2366 1.5176.1133 1.31247 1.27623 1 * 29/9/217 values
17 STOCK WATCH NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW Capital Product Partners CPLP 3.5 3.52 -.6 4. 2.73 Diana Shipping Inc. DSX 3.73 3.97-6 6.2 2.36 Dryships Inc. DRYS 2.5 2.72-8.1 799681.62.98 Dynagas LNG Partners LP DLNG 13.8 14.4-1.7 17.93 12.76 Eagle Bulk Shipping Inc. EGLE 4.71 4.53 4 11.16 4.6 Euroseas Ltd. ESEA 1.64 1.48 1.8 8.7 1.4 Freeseas Inc. FREEF.. 38.. Costamare Inc. CMRE 6.26 6.27 -.2 9.38 5.7 Navios Maritime Holdings NM 1.73 1.54 12.3 2.4.95 GasLog Ltd. GLOG 17.5 16.8 1.5 18.35 12.75 Paragon Shipping Inc. PRGNF.2.4-55.3 56.97.1 Safe Bulkers Inc. SB 2.88 3.24-11.1 3.65 1.9 Star Bulk Carriers Corp. SBLK 9.67 11.41-15.2 13.4 4.4 Stealthgas Inc. GASS 3.32 3.22 3.1 4.78 2.65 TEN Inc. TNP 4.56 4.5 1.3 5.28 3.92 TOP Ships Inc. TOPS.32.57-43.9 7567.1.3 Box Ships Inc. TEUFF.2.3-52.2 1.97. Diana Containerships Inc. DCIX.74.56 32.1 2383.37.61 Danaos Corporation DAC 1.45 1.65-12.1 4.4 1.25 Aegean Marine Petroleum ANW 4.7 5.5-6.9 13.1 4. * 28/9/217 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,