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 February 218 15 1 5 Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 Feb-14 Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 Feb-17 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 PRICES TANKERS ($ MIO) * Prices reflect Year s End 212* 213* 214* 215* 216* 217* Feb-18 VLCC 5Y 56. 55.8 77.1 8 6 64 63 VLCC 1Y 35. 35. 52.1 55 4 41 4 SUEZMAX 5Y 4.2 39.5 56.8 6 4 43 42 AFRAMAX 5Y 28. 27.8 41.9 46 29 32 3 AFRAMAX1Y 16.3 16.3 26.8 31 18 22 2 PANAMAX5Y 24.3 24.3 33.4 35 28 28 28 47K 5Y D/H 23. 23.3 23.8 28.9 22 25 25 45K 1Y D/H 15.5 15.7 15.2 19.6 15.5 17.5 17.5 45K 2Y 6.2 6.2 6.5 8.5 5.1 5.5 5 Prior 217 76-78k dwt PRICES BULKERS ($ MIO) * Prices reflect Year s End 212* 213* 214* 215* 216* 217* Feb-18 CAPESIZE 5Y 32. 43.9 39.5 25 24 33 34 CAPESIZE 1Y 2.5 31. 27.8 13.6 15 2.5 23.5 CAPESIZE 15Y 12.7 18.2 16.3 8.5 8 13 15.5 CAPESIZE 2Y 9.3 1.1 9. 5.6 5.5 7 7 KAMSARMAX 5Y 18. 25.6 2.1 14 14 22.5 23.5 PANAMAX 1Y 12.5 17.9 14.6 8.5 8.5 14.5 15 PANAMAX 15Y 8.3 12. 1. 5 5.4 11 11 PANAMAX 2Y 5.4 7.5 5.4 3.6 3.6 6.5 7.5 SUPRAMAX 5Y 23.3 24.3 2.8 13.6 14 17.5 17.5 SUPRAMAX 1Y 13. 17.4 13.8 8 9.5 13.5 14 HANDYMAX15Y 8.7 1.9 9.1 4.5 5.8 9.5 1 HANDYMAX2Y 6.3 6.4 6.2 3.5 2.8 6.5 6.5
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 2 222 228 15 1 152 178 1 3 55 5 16 15 THIS MONTH - PREVIOUS MONTH THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market Ship Type Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Total BULK 46 58 53 49 55 3 291 TANK 13 2 16 23 15 16 13 GAS 1 1 1 2 2 4 11 CONT 12 21 9 13 12 24 91 TWEEN/MPP 1 2 2 1 6 REEF RORO FERRY 1 1 CRUISE Total 72 11 81 87 86 76 53
4 Baltic Clean Tanker - Yearly 85 784 75 655 65 55 571 45 51 35 1 13 16 19 22 25 28 31 34 37 4 43 46 49 52 3 6 9 217 WEEK NO 218 Baltic Dirty Tanker - Yearly 95 97 85 813 75 685 65 619 55 1 13 16 19 22 25 28 31 34 37 4 43 46 49 52 3 6 9 217 WEEK NO 218 Baltic Clean Tanker -Monthly 65 64 642 63 62 615 61 6 613 59 58 1/2/218 8/2/218 15/2/218 22/2/218 Baltic Dirty Tanker -Monthly 665 66 655 65 654 649 645 64 635 637 63 1/2/218 8/2/218 15/2/218 22/2/218 652 TANKER SALES NAME DWT BLT PRICE $ BUYER MARTINA 11137 1998 ITALY DH 4 MIO MALTESE YELLOW RAY 19937 23 JAPAN DH 1.7 MIO INDONESIAN PRINCIMAR EQUINOX 19976 212 CHINA DH 15 MIO UNDISCLOSED HUASCAR 35722 1992 JAPAN DH 2.8 MIO UNDISCLOSED (Via auction) ROSA TOMASOS 37155 23 KOREA DH 8.5 MIO UNDISCLOSED BRITISH COURTESY 4721 25 KOREA DH 12.2 MIO ENBLOC BSS BRITISH SERENITY 4721 25 KOREA DH 12.2 MIO ENBLOC BSS BRITISH TRANQUILLITY 4721 25 KOREA DH 12.2 MIO ASIAN BUYERS (Price each) KIRIBORA 52 25 KOREA DH 27 MIO NAVIGARE CAPITAL (Incl 5 years BB back to Sellers) OCEAN ACCORD 7514 2 JAPAN DH 6 MIO FAR EASTERN (Dirty trading) MAERSK PRIVILEGE 15483 23 JAPAN DH 12.7 MIO WINSON OIL RIDGEBURY SALLY B 15672 23 JAPAN DH 9.3 MIO GREEK HS CARMEN 11333 23 KOREA DH 11.3 MIO GREEK TAGA 3343 24 JAPAN DH 3 MIO PT PERTAMINIA FRONT CIRCASSIA 369 1999 JAPAN DH 18.5 MIO FORESIGHT ALTER EGO I 39371 21 KOREA DH 23 MIO UNDISCLOSED GAS SALES NAME DWT BLT CBM PRICE $ BUYER SEA SAWASDEE 4187 1995 JAPAN 351 2.5 MIO VIETNAMESE EPIC ST. JOHN 5214 1998 JAPAN 4929 5 MIO FGAS FLAMENGO 6519 211 JAPAN 754 14.2 MIO GREEK CONCORDE 54336 215 KOREA 84 7 MIO JAPANESE (Incl 13 years BB with purchase option)
5 Spot Market - Tankers VLCC SUEZMAX AFRAMAX $/Day 4 3 2 1 Feb-17 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 987 73 542 Period Market -Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX 3 $/Day 25 2 15 1 22 17 15 Feb-17 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18
6 6 55 5 543 Baltic Handysize 516 538 95 9 85 8 865 Baltic Supramax 817 919 45 1/2/218 1/2/218 19/2/218 28/2/218 75 1/2/218 1/2/218 19/2/218 28/2/218 Baltic Panamax Baltic Capesize 15 1481 14 1316 13 1228 12 11 1/2/218 1/2/218 19/2/218 28/2/218 21 19 1824 1725 17 15 13 1433 11 1/2/218 1/2/218 19/2/218 28/2/218 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER TABERNACLE STAR II 23716 1995 JAPAN CR 4X3 3 MIO FAR EASTERN SEA HARMONY 2849 25 JAPAN CR 4X3.5 6.5 MIO UNDISCLOSED ORIENT SUNRISE 28514 21 JAPAN CR 4X3.5 5.6 MIO CHINESE (Log fitted) KUMANO LILY 32292 29 JAPAN CR 4X3.5 11.2 MIO TAYLOR MARITIME STAR LILY 33248 28 JAPAN CR 4X3 1.3 MIO TAYLOR MARITIME FORMENTERA 34734 211 CHINA CR 4X3 11.3 MIO NORWEGIAN THOR ENDEAVOUR 42529 1995 JAPAN CR 4X3 4.2 MIO MIDDLE EASTERN F.F WISH 45719 1997 JAPAN CR 4X25 5 MIO UNDISCLOSED LAMINIA 53531 21 JAPAN CR 4X3.5 9 MIO UNDISCLOSED (Sub inspection) DAXIA 56811 211 CHINA CR 4X36 12 MIO GERMAN CALIMERO 56854 211 CHINA CR 4X36 11.2 MIO UNDISCLOSED AQUAMARIN 56969 212 CHINA CR 4X36 12.1 MIO CHINESE (bank sale) DA CHENG 5765 21 CHINA CR 4X3 13.3 MIO SHANGHAI CHANGHANG ANGEL B 58679 28 PHILIPPINES CR 4X3 14 MIO UNDISCLOSED ALBION 58732 28 CHINA CR 4X3 13.95 MIO THAILAND BASED MONTE PELMO 72917 2 KOREA GLESS 8 MIO INDONESIAN IONIAN EAGLE 7485 21 KOREA CR 4X3 9.4 MIO GREEK VIKA 74461 1999 JAPAN GLESS 8 MIO UNDISCLOSED DRAKE 76781 26 JAPAN GLESS 13.6 MIO GREEK EMERALD DONGJI 8148 215 CHINA GLESS 22.5 MIO ENBLOC BSS EMERALD BAISHA 81585 215 CHINA GLESS 22.5 MIO UNDISCLOSED (Price each) TANSANIT 92776 211 CHINA GLESS 17 MIO INTEROCEAN LTD BEL AIR 114167 21 CHINA GLESS 2 MIO ENBLOC BSS BAROQUE 114248 211 CHINA GLESS 21 MIO UK BASED (Price each. Incl TCB) CERTOUX 169159 2 KOREA GLESS 11 MIO GREEK
7 NEW HONGKONG 18154 21 CHINA GLESS 24 MIO UNDISCLOSED NEW DALIAN 18371 21 CHINA GLESS 24 MIO UNDISCLOSED SOUTH TRADER 181343 214 JAPAN GLESS 36.5 MIO GREEK RUBENA N 23233 26 JAPAN GLESS 22.5 MIO ENBLOC BSS MINERAL NIPPON 23275 27 JAPAN GLESS 23.5 MIO SINGAPOREAN (Price each) $/Day 3 25 2 15 1 5 Spot Market - Bulkers Feb-17 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 8 1299 1289 CAPESIZE PANAMAX HANDYMAX $/Day 221 21 181 161 141 121 11 81 61 41 Period Market -Bulkers 1 Year T/C Feb-17 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 2375 13625 1275 CAPESIZE PANAMAX HANDYMAX CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER OPDR TANGER 8168 28 CHINA GLESS 698 3.5 MIO ICELANDIC FPMC CONTAINER 6 112 26 CHINA CR 1X.5 878 16 MIO ENBLOC BSS FPMC CONTAINER 8 13658 27 CHINA CR 2X4 122 16 MIO ENBLOC BSS FPMC CONTAINER 7 13727 27 CHINA CR 2X45 122 16 MIO GOTO SHIPPING (Price each) SINAR BROMO 1528 29 JAPAN GLESS 16 8.2 MIO UNDISCLOSED AS FABIANA 18278 27 CHINA CR 2X45 1296 * ENBLOC BSS AS FELICIA 18291 26 CHINA CR 2X45 1296 * ENBLOC BSS AS FEDERICA 18349 27 CHINA CR 2X45 1284 * ENBLOC BSS AS FLORIANA 18445 28 CHINA GLESS 1296 * ENBLOC BSS AS RAGNA 2112 29 CHINA GLESS 1496 * ENBLOC BSS AS ROSALIA 2126 29 CHINA GLESS 1496 * ENBLOC BSS AS RICCARDA 218 212 CHINA GLESS 1496 * ENBLOC BSS
8 SEVILLIA 25884 28 CHINA CR 2X4 1794 * ENBLOC BSS SICILIA 25927 28 CHINA CR 2X4 1794 * ENBLOC BSS AS PATRIA 34495 26 KOREA CR 4X45 2572 * ENBLOC BSS AS PALATIA 346 26 KOREA CR 4X45 2572 * ENBLOC BSS AS CARELIA 39374 26 KOREA GLESS 2824 * ENBLOC BSS AS CYPRIA 39425 26 KOREA GLESS 2824 139.5 MIO MPC (Ttl price) MCC SEOUL 22314 28 CHINA CR 2X4 1713 1 MIO ENBLOC BSS MCC KYOTO 22314 28 CHINA CR 2X4 1713 1 MIO UNDISCLOSED (Price each) KOTA PURI 3346 28 JAPAN GLESS 2483 12.25 MIO UNDISCLOSED FRISIA HANNOVER 33742 26 GERMANY CR 3X45 2478 1.5 MIO ENBLOC BSS FRISIA LOGA 33812 25 GERMANY CR 3X45 2478 1.5 MIO HS ROSSINI MPP/TWEEN SALES 462 212 CHINA CR 3X45, CR 1X35 SEASPAN (Price each. Incl TC) 3421 11.2 MIO BOREALIS MARITIME NAME DWT BLT GEAR TEU PRICE $ BUYER YEON AM 6175 1997 JAPAN CR 2X3.7, DR 1X3 1.5 MIO EUROPEAN RORO/PASS SALES NAME GT BLT LMTRS/CARS PAX PRICE BUYER JONATHAN SWIFT 5989 1999 AUSTRALIA /2 8 15.5 MIO (EUR) SPANISH (Catamaran)
9 NEW BUILDING MARKET AND REPORTED CONTRACTS $m 1 Tanker Prices VLCC Suezmax Aframax MR 84.5 8 6 57 45 4 35 2 Feb-16 Jun-16 Oct-16 Feb-17 Jun-17 Oct-17 Feb-18 $m 5 45 4 35 3 25 2 15 Bulker Prices Capesize Panamax Supramax Handysize 44.5 25.8 24.3 22.3 1 Feb-16 Jun-16 Oct-16 Feb-17 Jun-17 Oct-17 Feb-18 Ship Type 218 219 219+ Total Capesize 58 59 6 177 Panamax 78 79 39 196 Supra/Hmax 11 47 42 19 Handies 16 38 2 164 Total 343 223 161 727 Ship Type 218 219 22+ Total ULCC/VLCC 46 36 1 92 Suezmax 37 15 7 59 Aframax 7 29 25 124 Panamax 18 11 11 4 MR+Small 146 129 4 315 Total 317 22 93 63 Ship Type 218 219 22+ Total VLGC 5 18 12 35 LGC MR 13 6 19 Handy 11 2 13 Small 4 3 7 Total 33 29 12 74
1 Newbuilding Sales No. of Vessels 3 2 1 79 47 8 25 248 14 Tankers Bulkers Containerships 16 34 216 217 Feb-18 3 Delivery Schedule m. dwt Bulkers Tankers 4 35.2 35 31.7 3 26.1 25 22.2 22.3 2 15 1 9.4 5 Feb-18 219 22+ m. dwt 35 3 25 2 15 1 5 VLCC Aframax Products 28.7 14.2 11 9.3 2.8 February 218 Tanker Newbuildings on Order Suezmax Panamax Bulker Newbuildings on Order Capesize Panamax m. dwt 5 45 4 35 3 25 2 15 1 5 46.7 16.2 11.6 February 218 Handymax 5.5 Handysize Newbuilding Historical Prices ($m) Tankers Feb-18 217 216 215 214 213 212 21 28 25 2 1995 199 1985 32, DWT 1 84.5 81.5 84.5 93.7 97.3 93.8 93.2 14.8 15 12 76.5 85.3 87.4 17, DWT 1 57 55 54.5 63 65.5 59.6 57.1 66.3 9 71.5 52.5 54 66.1 115, DWT 1 45 44 44.5 52 53.6 52.2 48.5 56 74 58 41.5 43.3 53.2 47, DWT 1 35 33.8 32.5 35.4 36.8 34.6 33.8 36.1 46.5 43 29.5 33.2 Bulkers 18, DWT 1 44.5 44 42 46 54.2 53.6 45.7 57.2 87 58.5 4.5 42.3 6.2 29.3 81, DWT 1 25.8 25.5 24.5 25.7 29 27.8 25.6 34.3 45.5 36 22.5 27.9 3 13.4 62, DWT 24.3 24 22.3 24.1 27.2 26.5 23.7 31.1 41 31 2.5 24.1 25.3 12.4 35, DWT 22.3 22 19.5 2.3 22.8 22.2 2.5 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 32 Ulstein Ulsteinvik 219 Acta Marine Bulk 28 Shanghai Waigaoqiao 22 Foremost Maritime Bulk 28 Shanghai Waigaoqiao 22 Foremost Maritime Bulk 28 Shanghai Waigaoqiao 221 Foremost Maritime Bulk 28 Shanghai Waigaoqiao 221 Foremost Maritime Bulk 28 New Times SB 22 44.7 mio 22 Bulkers Bulk 28 New Times SB 22 44.7 mio 22 Bulkers Bulk 28 New Times SB 22 44.7 mio 22 Bulkers Bulk 28 New Times SB 22 44.7 mio 22 Bulkers Bulk 82 Shanhaiguan SB 219 Seatankers Mngt Bulk 82 Shanhaiguan SB 22 Seatankers Mngt Chem & Oil 5 STX SB (Jinhae) 219 Pantheon Tankers Chem & Oil 5 STX SB (Jinhae) 219 Pantheon Tankers Container 33 Jiangsu New YZJ 22 25 mio SITC Container 33 Jiangsu New YZJ 22 25 mio SITC Container 12 Samsung HI 22 94.4 mio Evergreen Marine Container 12 Samsung HI 22 94.4 mio Evergreen Marine Container 12 Samsung HI 22 94.4 mio Evergreen Marine Container 12 Samsung HI 22 94.4 mio Evergreen Marine Container 12 Samsung HI 22 94.4 mio Evergreen Marine Container 12 Samsung HI 221 94.4 mio Evergreen Marine Container 12 Samsung HI 221 94.4 mio Evergreen Marine Container 12 Samsung HI 221 94.4 mio Evergreen Marine Cruise Uljanik Brod. 22 Scenic Cruises Cruise 79 Meyer Turku 223 Tui Cruises Gcargo 26 Wuxue Janda 219 Wilson ASA Gcargo 26 Wuxue Janda 219 Wilson ASA L.N.G. 942 Hyundai Samho HI 22 Nippon Yusen Kaisha L.N.G. 86 Daewoo (DSME) 22 183 mio BW Gas L.N.G. 86 Daewoo (DSME) 22 183 mio BW Gas L.P.G. 145 Jiangnan SY Group 219 Hyproc Shipping Co. L.P.G. 4 Sasaki Zosen 219 Kumiai Senpaku K.K. L.P.G. 4 Sasaki Zosen 219 Kumiai Senpaku K.K. LNG Bunkering 15 Hudong Zhonghua 22 Mitsui O.S.K. Lines Ore 325 Beihai Shipyard 22 U-Ming Marine Trans Ore 325 Beihai Shipyard 22 U-Ming Marine Trans Ore 325 Dalian Shipbuilding 221 SK Shipping Ore 325 Dalian Shipbuilding 221 SK Shipping Pass/Car F. GSI Nansha 221 Grandi Navi Veloci Option Pass/Car F. GSI Nansha 221 Moby Lines Option Pass/Car F. GSI Nansha 221 Grandi Navi Veloci Option Pass/Car F. GSI Nansha 221 Moby Lines Option Pass/Car F. GSI Nansha 22 Grandi Navi Veloci Pass/Car F. GSI Nansha 22 Moby Lines Pass/Car F. GSI Nansha 221 Grandi Navi Veloci Pass/Car F. GSI Nansha 221 Moby Lines Products 75 GSI Nansha 22 TORM A/S Products 75 GSI Nansha 22 TORM A/S RoPax 12 GSI Nansha 222 DFDS Option RoPax 12 GSI Nansha 222 DFDS Option RoPax 12 GSI Nansha 221 DFDS RoPax 12 GSI Nansha 221 DFDS
12 Demolition Historical Data DEMOLITION MARKET Demolition Prices Gen Cargo Tanker India USD 435 /lt Ldt USD 45 /lt Ldt Bangladesh USD 43 /lt Ldt USD 44 /lt Ldt Pakistan USD 45 /lt Ldt USD 455 /lt Ldt China USD 21 /lt Ldt USD 23 /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 1 445 45 Price Tankers* 215 216 217 218 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices 425 435 Price Bulkers* 215 216 217 218 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 Total Demolition (Dwt) 3.5 25 28.4 28.5 27 15.9 16.718.9 15.5 18 22.4 15.6 1 5.5 6.5 5 12 31.58 28.9 25.7 5.3 41.8 34.3 38.8 44.6 35.2 4.8 * 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) 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 CURR. TANK 174 135 174 262 362 32 45 57 287 338 485 482 45 435 425 3 3 44 45 BULK 17 135 181 267 381 332 392 472 268 328 437 456 375 41 4 285 28 425 435 India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS CONT NEW JERSEY 65123 26 222 47 As is Labuan TWEEN ALEKSANDR SUVOROV 23169 1979 8476 442 Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS COMBO KARADENIZ POWERSHIP ELA SULTAN 19832 1997 18581 446 CONT KAPITAN SERGIYEVSKIY 572 1981 4215 44 CONT BARUNA BUDI 87 1996 467 35 RORO ODYSSEY 995 1984 494 43 TANK DANAI 8 1984 1988 838 34 TANK DANAI 5 2437 1986 291 34 TANK BANKIM CHANDRA CHATTERJEE 45134 1994 8711 435 China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS N/A N/A N/A Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS N/A N/A N/A Turkey TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS N/A N/A N/A
14 Other TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK CHOKANG SUNRISE 17475 1995 21176 48 Indian Sub-Cont CONT HARMA 9455 1994 4256 294 As is Singapore GAS SEA DOLPHIN 5743 199 16365 445 As is Singapore TANK KAKARIKI 46724 1999 11916 438 Full Sub-Cont options-old sale TANK COTOPAXI 661 1999 12176 42 As is Singapore TANK PACIFIC PIONEER 15237 1998 167 455 TANK KUBAN 16562 2 1628 42 As is Singapore TANK BASILIA 16852 1992 16811 458 Indian Sub-Cont TANK KRITI BREEZE 134441 1996 21642 43 As is Khor Fakkan TANK YANGTZE STAR 27795 1994 4439 43 TANK POROS 28417 2 41436 44 As is Khor Fakkan, including 5T ROB TANK PLATA PIONEER 3144 1999 4248 44 Sub-Continent option TANK KOS 3587 21 43178 44 As is Khor Fakkan TANK MISTRAL 36278 2 4673 44
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) 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 Feb-18 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 31 525 217 367 579 376 627.5 356 612 Feb-18 355 572 377 67 358 59
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 1.5641.8817.66.7647.7173.5616 CAD 1.749 1 1.5626.115 1.3552 1.2713.9953 EUR 1.1272.6398 1.74.8672.8135.6369 JPY 15.361 84.2456 131.67 1 114.192 17.118 83.864 CHF 1.2987.7376 1.1529.86 1.9379.7343 USD 1.3939.7865 1.2292.91 1.66 1.7829 AUD 1.766 1.44 1.5698.116 1.3614 1.2771 1 * 28/2/218 values
17 STOCK WATCH NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW Capital Product Partners CPLP 3.16 3.23-2.2 4. 2.98 Diana Shipping Inc. DSX 3.85 3.79 1.6 6.2 3.7 Dryships Inc. DRYS 3.47 3.36 3.3 2361.8.98 Dynagas LNG Partners LP DLNG 1.34 11.57-1.6 17.93 1.15 Eagle Bulk Shipping Inc. EGLE 4.88 4.74 3 5.92 4.18 Euroseas Ltd. ESEA 1.89 1.82 3.8 2.73 1.13 Costamare Inc. CMRE 5.87 6.61-11.2 8.18 5.45 Navios Maritime Holdings NM 1.29 2.9-38.3 1.99.95 GasLog Ltd. GLOG 16.95 2.2-16.1 22.55 12.75 Safe Bulkers Inc. SB 3.69 3.44 7.3 3.93 1.36 Star Bulk Carriers Corp. SBLK 12.82 11.15 15 13.4 7.57 Stealthgas Inc. GASS 4.34 4.35 -.2 4.78 2.9 TEN Inc. TNP 3.33 3.63-8.3 5.27 3.11 TOP Ships Inc. TOPS.16.21-25.2 454.27.13 Box Ships Inc. TEUFF.1.1 27.3.41. Diana Containerships Inc. DCIX 1.94 2.98-34.9 189.89 1.56 Danaos Corporation DAC 1.35 1.3 3.8 3.2 1.25 Aegean Marine Petroleum ANW 2.3 4.75-51.6 13. 2.25 * 28/2/218 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,