Advanced Shipping & Trading S.A 1 st Floor, 168 Vouliagmenis Avenue 16674 Glyfada, Greece Contact Details: Tel: +30 210 3003000 snp@advanced-ship.gr chartering@advanced-ship.gr finance@advanced-ship.gr WEEKLY SHIPPING MARKET REPORT WEEK 2 WEEK 2 (9 th January to 15 th January 2016) 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, Advanced Shipping & Trading 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:advanced Shipping & Trading S.A. Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions, please contact: research@advanced-ship.gr
Sale & Purchase Secondhand Sales Bulk Carriers Name Dwt YoB Yard SS Engine Gear Price (mill.) Buyer Megalodon 182,000 2015 Marine, - B&W - $ 35.5 Red Ivy 180,600 2015 Imabari, - B&W - $ 35.5 Nord Energy 180,300 2004 Koyo Mihara, 11/2019 B&W - Swapped With Supramax CMB Maxime Cape Century 172,683 2001 Nkk, 09/2016 B&W - $ 6.3 Nisshin Trader 172,517 2001 Nkk, 07/2016 B&W - Low $ 6.0 Singaporea n (Eastern Pacific) Bocimar Turkish (Karadeniz) Koryu 172,549 2000 Nkk, 08/2018 B&W - $ 6.0 Chinese Canon Trader I 81,761 2013 Jiangsu, China 03/2018 B&W - $ 13.8 Chilean (Transocea n) Calm Seas 74,047 1999 Tsuneishi, 09/2018 B&W - $ 2.9 Chinese Gmt Phoenix 56,763 2012 Zhejiang, China 01/2017 B&W 4 x 30 T $ 7.9 Far East Falcon Trader I 55,699 2006 Oshima, 11/2016 B&W 4 x 30 T $ 6.4 Capital 55,340 2013 Secret 55,395 2013 Sharp 55,340 2013 World 55,340 2013 Hyundai, Vietnam Hyundai, Vietnam Hyundai, Vietnam Hyundai, Vietnam 01/2018 B&W 4 x 30 T 01/2018 B&W 4 x 30 T 01/2018 B&W 4 x 30 T 01/2018 B&W 4 x 30 T $ 40.0 (Prelude) (New Times) Celeste 46,667 1999 Mitsui Tamano, 02/2019 B&W 4 x 30 T $ 3.8 Stove Transport 46,200 1998 Oshima, 01/2018 B&W 4 x 30 t $ 3.5 Undisclose d
Secondhand Sales - Tankers Name Dwt YoB Yard SS Engine Price (mill.) Buyer Famenne 298,412 2001 Hitachi, 10/2016 B&W $ 38.4 Dht Trader 152,923 2000 Petrokrepost 105,657 1999 Alam Bistari 47,065 2001 Alam Budi 47,065 2001 Hyundai Heavy, Daewoo, Onomichi, Onomichi, 11/2020 B&W $ 26.5 Indian (Global United) 01/2019 B&W $ 15.0 Middle East 10/2020 B&W $ 13.0 10/2020 B&W $ 13.0 Cielo Di Salerno 36,031 2002 Stx, 03/2017 B&W $ 13.0 3 yrs TC Back to sellers (Sea World Management) Richard Maersk 34,826 2001 Sichem Contester 19,822 2007 Guagzhou, China Fukuoka, 07/2016 B&W $ 11.7 10/2017 B&W $ 22.0 Norwegian Secondhand Sales Containers Name Teu YoB Yard SS Engine Gear Price (mill.) Buyer Nordic Philip 1,036 2010 Sainty, China 05/2020 B&W $ 11.0 Nordic Stani 1,036 2010 Sainty, China 10/2020 B&W $ 11.0 Norwegian (Seacon) Indicative Values - Bulk Carriers Size Prompt Resale 5 years 10 years 15 years Capesize 35,5 21 11 6 Panamax - Kamsarmax 25 13 7,5 5 Supramax - Ultramax 20 12 6,5 5 Handysize 20 11 6,5 4 Indicative Values - Tankers Size Prompt Resale 5 years 10 years 15 years VLCC 100 80 55 40 Suezmax 73 60 42 22 Aframax 54 45 32 16.5 Panamax 43 32 22 11 MR 38.5 29 19 12
Newbuilding Demolition Newbuilding Orders Bulkers No Type Dwt Yard Delivery Owner Price (mill.) Comments 1 Suezmax 159,000 1 Aframax 115,000 Cic Jiangsu, China 2018 2 Mr 50,800 Dae Sun, 2018-2019 4 Mr 50,000 2+2 Handy 26,300 Hyundai Mipo, Ningbo Xinle, China 2017-2018 2017 2 Handy 13,000 YZJ, China 2018 1 LPG 1,500 Miura, 2016 (Marine Management) (Super Eco Tankers) (Central Mare) Vietnamese (Prime Shipping) Norway (Viken Crude) ese (Nippon Gas Line KK) $ 35.0 Option Total 3 On Order Option Total 3 On Order Option Total 12 On Order $ 25.0 Coated Newbuilding Orders - Tankers No Type Dwt Yard Delivery Owner Price (mill.) Comments 2 VLCC 320.000 DSME, Total 8 On 2017 $ 94.0 (Maran) Order 2 Suezmax 158.000 Singapore Hyundai, 2017 (Active Shpg) $65.0 +2 option 2 Suezmax 158.000 Sungdong, Dutch 2017 (Vitol) 2 Aframax 113.000 Cosco Dalian, China 2017-2018 (Chandris) Initially Kamsarmax Order Newbuilding Orders - Containers No Type Teu Yard Delivery Owner Price (mill.) Comments Sub Split, Croatian LNG/HFO 2 2,000 2018 Panamax Croatia Dual Fuel 2 Handy 1,000 Taizhou, China 2017 Chinese (Nigbo Ocean) +2 option
Demolition Sales Vessel Type Built Ldt Dwt Price ($) Country Comments Federal Container 1994 22,003 61.152 328 India Incl. ROB King David BC 1998 21,557 178.633 284 Bangladesh Cape Canada BC 1996 20,884 171.978 287 India Alpha Friendship BC 1996 19,525 161.524 280 Bangladesh Silver Master BC 1996 19,244 158.387 288 Bangladesh Commodore Container 2001 12,851 35.600 323 India SanshuMaru BC 1991 11,000 88.495 230 India Drin BC 1996 10,742 73.087 281 Seafortune BC 1996 10,526 74.012 285 India Hanjin New Orleans BC 1994 9,997 70.337 275 Bangladesh Samjohn Light BC 1994 9,970 71.756 328 India Consul Poppe BC 1995 9,800 68.591 280 India Riruccia BC 1997 9,733 74.002 283 Bangladesh Indicative Demolition Prices Country Tanker Prices Bulker Prices India 295 275 Bangladesh 300 275 Pakistan 305 270 China 120 110 Turkey 160 140
Dry Bulk Chartering Baltic Indices (Friday Closing Values) Index 2 1 Change (%) BDI 373 429 13,05 BCI 198 343 42,27 BPI 381 434 12,21 BSI 394 430 8,37 BHSI 245 256 4,30
Key Indicators & Stock Exchange Rates Currency 2 1 Change % EUR / USD 1.094 1.090 0,37 USD / JPY 117.14 117.77 0,53 USD / KRW 1,213.16 1,197 1,35 USD / NOK 8.7724 8.912 1,57 Bunker Prices Port IFO 380 IFO 180 MGO Piraeus 135 153 290 Fujairah 142 160 470 Singapore 152 157 282 Rotterdam 110 129 257 Houston 120 160 325 Commodities Commodity 2 1 Change % Brent Crude (BZ) 29.77 33.35 10,73 Natural Gas (NG) 2.13 2.42 11,98 Copper 194.95 202.15 3,56 Wheat (W) 466.50 478.25 2,46
Shipping Stock Prices Dry Bulk Company Stock Exchange 2 1 Change (%) )Diana Shipping Inc (DSX) NASDAQ 2.24 3.51 36,18 DryshipsInc (DRYS) NASDAQ 0.102 0.125 18,40 Euroseas Ltd (ESEA) NASDAQ 2.31 2.52 8,33 Eagle Bulk Shipping Inc (EGLE) NASDAQ 2.18 2.78 21,58 FreeseasInc (FREESE) NASDAQ 0.550 0.600 8,33 Navios Maritime (NM) NYSE 0.82 1.02 19,61 Navios Maritime PTN (NMM) NYSE 1.98 2.41 17,84 Paragon Shipping Inc (PRGN) NASDAQ 0.121 0.146 17,12 Star Bulk Carriers Corp (SBLK) NASDAQ 0.430 0.390 10,26 Seanergy Maritime Holdings Corp (SHIP) NASDAQ 1.890 2.890 34,60 Safe Bulkers Inc (SB) NYSE 0.37 0.53 30,19 Golden Ocean (GOGL) NASDAQ 0.75 0.72 4,17 Shipping Stock Prices - Wet Company Stock Exchange 2 1 Change % Capital Product Partners LP (CPLP) NASDAQ 3.85 4.82 20,12 TOP Ships Inc (TOPS) NASDAQ 0.271 0.300 9,67 Tsakos Energy Navigation (TNP) NYSE 5.75 6.80 15,44 Shipping Stock Prices - Other Company Aegean Maritime Petrol (ANW) Stock Exchange 2 1 Change (%) NYSE 6.36 7.18 11,42 Danaos Corporation (DAC) NYSE 5.12 5.10 0,39 StealthGasInc (GASS) NASDAQ 2.72 2.99 9,03 Rio Tinto (RIO) NYSE 23.67 25.49 7,14 Vale (VALE) NYSE 2.31 2.75 16,00 ADM Archer Daniels Midland (ADM) NYSE 32.23 34.90 7,65 BHP Billiton (BHP) NYSE 20.07 22.22 9,68