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 August 218 15 1 5 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 Apr-18 Jun-18 Aug-18 PRICES TANKERS ($ MIO) * Prices reflect Year s End 212* 213* 214* 215* 216* 217* Aug-18 VLCC 5Y 56. 55.8 77.1 8 6 64 64 VLCC 1Y 35. 35. 52.1 55 4 41 4.5 SUEZMAX 5Y 4.2 39.5 56.8 6 4 43.5 44 AFRAMAX 5Y 28. 27.8 41.9 46 29 32 32 AFRAMAX1Y 16.3 16.3 26.8 31 18 2 2 PANAMAX5Y 24.3 24.3 33.4 35 28 29 3 47K 5Y D/H 23. 23.3 23.8 28.9 22 26.8 26 45K 1Y D/H 15.5 15.7 15.2 19.6 15.5 17 15 45K 2Y 6.2 6.2 6.5 8.5 5.1 5.1 5 Prior 217 76-78k dwt PRICES BULKERS ($ MIO) * Prices reflect Year s End 212* 213* 214* 215* 216* 217* Aug-18 CAPESIZE 5Y 32. 43.9 39.5 25 24 33 37.3 CAPESIZE 1Y 2.5 31. 27.8 13.6 15 2.5 26 CAPESIZE 15Y 12.7 18.2 16.3 8.5 8 13 16.5 CAPESIZE 2Y 9.3 1.1 9. 5.6 5.5 7 8.5 KAMSARMAX 5Y 18. 25.6 2.1 14 14 22.5 23 PANAMAX 1Y 12.5 17.9 14.6 8.5 8.5 14.5 15.5 PANAMAX 15Y 8.3 12. 1. 5 5.4 11 1 PANAMAX 2Y 5.4 7.5 5.4 3.6 3.6 6.5 6 SUPRAMAX 5Y 23.3 24.3 2.8 13.6 14 17.5 18 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 9 HANDYMAX2Y 6.3 6.4 6.2 3.5 2.8 6.5 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 6 3 4 2 382 279 35 43 THIS MONTH - PREVIOUS MONTH 2 1 242 175 24 15 THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market Ship Type Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Total BULK 45 39 63 43 43 35 268 TANK 17 2 38 19 26 15 135 GAS 7 1 2 1 11 2 24 CONT 15 16 11 26 6 3 77 TWEEN/MPP 1 4 4 9 REEF RORO FERRY 1 1 2 CRUISE 2 2 Total 85 77 115 93 92 55 517
4 Baltic Clean Tanker - Yearly 85 721 75 65 557 55 45 519 35 36 39 42 45 48 51 2 5 8 11 14 17 2 23 26 29 32 35 217 WEEK NO 218 Baltic Dirty Tanker - Yearly 95 99 85 759 75 685 65 55 36 39 42 45 48 51 2 5 8 11 14 17 2 23 26 29 32 35 217 WEEK NO 218 Baltic Clean Tanker -Monthly 51 5 492 49 481 48 478 47 46 45 1/8/218 8/8/218 15/8/218 22/8/218 29/8/218 Baltic Dirty Tanker -Monthly 85 794 8 753 75 749 7 65 6 1/8/218 8/8/218 15/8/218 22/8/218 29/8/218 TANKER SALES NAME DWT BLT PRICE $ BUYER NAIKAI MARU NO.25 5578 25 JAPAN DH 4 MIO UNDISCLOSED OANA 6474 28 CHINA DH 2.8 MIO UNDISCLOSED (At auction) SICHEM DUBAI 12936 27 KOREA DH 9.2 MIO VIETNAMESE (Epoxy, SS/DD due Dec) KY VENUS 1349 21 KOREA DH 1 MIO SINGAPOREAN (At auction) TORM FOX 3725 25 KOREA DH 1.7 MIO FAR EASTERN (Region price) MR NAUTILUS 43538 1998 CROATIA DH 4.8 MIO UNDISCLOSED BETELGEUSE 45513 1999 KOREA DH 5.25 MIO ENBLOC BSS SPICA 46168 1999 KOREA DH 5.25 MIO UNDISCLOSED (Price each) EPIPHANY 47465 22 CROATIA DH 8 MIO GREEK BOX 5577 29 KOREA DH 19.2 MIO UNDISCLOSED MARE PACIFIC 68467 21 JAPAN DH 6.5 MIO ENBLOC BSS MARE ATLANTIC 68467 21 JAPAN DH 6.5 MIO UNDISCLOSED (Price each) PHOENIX LIGHT 15599 29 KOREA DH 23.25 MIO GREAT EASTERN SHIPPING GENER8 PERICLES 15674 23 JAPAN DH 11 MIO GREEK GENER8 ELEKTRA 1656 22 JAPAN DH 1.2 MIO UNDISCLOSED GAS SALES NAME DWT BLT CBM PRICE $ BUYER G.COMMANDER 49743 1995 JAPAN 7699 8.5 MIO UNDISCLOSED GAS AL GURAIN 4988 1993 JAPAN 76893 8.7 MIO THAI
5 Spot Market - Tankers VLCC SUEZMAX AFRAMAX 3 $/Day 2 1 13735 1347 985 Aug-17 Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Period Market -Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX 3 $/Day 25 2 15 1 Aug-17 Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 195 17 1425
6 Baltic Handysize 57 56 559 55 541 54 551 53 52 1/8/218 1/8/218 19/8/218 28/8/218 Baltic Supramax 115 1121 11 162 15 1 13 95 1/8/218 1/8/218 19/8/218 28/8/218 Baltic Panamax 18 17 1643 16 15 156 14 142 13 12 1/8/218 1/8/218 19/8/218 28/8/218 Baltic Capesize 39 37 3654 35 33 3454 31 29 2826 27 25 1/8/218 1/8/218 19/8/218 28/8/218 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER JU RONG 985 53 28 CHINA GLESS RMB 8.92 CHINESE (At auction) MIO HUA YUN 5 21955 28 CHINA GLESS 5.83 MIO UNDISCLOSED (At auction) VINALINES FORTUNA 26369 1991 JAPAN CR 4X3.5 2.3 MIO UNDISCLOSED FU XING 6 26667 1985 JAPAN CR 4X25 2.23 MIO UNDISCLOSED (At auction) DI SHENG 27641 21 CHINA CR 4X25 9.24 MIO HUAIAN FUHANG (At auction) BRIGHT RAINBOW 28397 213 JAPAN CR 4X3.5 12 MIO GREEK GLORIA ISLAND 2841 212 JAPAN CR 4X3.7 1 MIO ORDER SHIPPING IVS SHIKRA 29664 28 JAPAN CR 4X3.5 7.8 MIO GREEK GLORIA ARC 33438 213 JAPAN CR 4X3 15.3 MIO JAPANESE (Incl 1 year TC to NYK) CLIPPER VALOUR 3479 23 CHINA CR 4X3 6.2 MIO UNDISCLOSED NEWCHANG 388 217 CHINA CR 4X3 18.9 MIO BERGE BULK AVLEMON 42584 1997 CROATIA CR 4X3 3.2 MIO CHINESE (At auction) OCEAN GLORY 45499 2 JAPAN CR 4X3.5 6 MIO UNDISCLOSED JIN CHENG 52961 23 JAPAN CR 4X3 8.7 MIO ANHUI ZHONGLIAN NAVIOS PRIMAVERA 53464 27 JAPAN CR 4X3.5 1.5 MIO GREEK (Purchase option) NAUTICAL AVENTURIN 56778 212 CHINA CR 4X3 13.55 MIO UNDISCLOSED (Tier II) EM CRYSTAL 57353 211 CHINA CR 4X3 12.2 MIO CHINESE SAGAR JYOTI 5811 211 CHINA CR 4X3 16.5 MIO PACIFIC BASIN AQUAPRIDE 61465 212 JAPAN CR 4X3.7 2 MIO SUISSE BULKERS NORD CREST 61654 211 JAPAN CR 4X3 19.65 MIO UNDISCLOSED OCEAN BROADEN 63562 213 CHINA CR 4X3 15.7 MIO UNDISCLOSED GENCO SURPRISE 72495 1998 JAPAN GLESS 5.5 MIO CHINESE
7 GLORY ROTTERDAM 7471 21 CHINA GLESS 8.1 MIO UNDISCLOSED (CCS and MSA approved) ALKYON 74875 21 JAPAN GLESS 9.7 MIO CHINESE C DUNDAS 76 218 CHINA GLESS 7.3 MIO CHINESE (Incomplete hull) OCEAN LIBRA 8154 213 CHINA GLESS 17.5 MIO ENBLOC BSS OCEAN VIRGO 81563 212 CHINA GLESS 17.5 MIO ENBLOC BSS OCEAN SCORPIO 81687 213 CHINA GLESS 17.5 MIO CHINESE (Price each) HAMPTON BAY 8158 29 JAPAN GLESS 17.9 MIO UNDISCLOSED NAVIOS SPHERA 84872 216 JAPAN GLESS 29.3 MIO GREEK (Internal transaction) TEN JIN MARU 98681 211 CHINA GLESS 21 MIO UNDISCLOSED ROYAL CHORALE 177544 26 JAPAN GLESS 22.5 MIO GREEK CPO OCEANIA 17971 21 KOREA GLESS 27.2 MIO UNDISCLOSED NAVIOS MARS 181259 216 JAPAN GLESS 49.7 MIO GREEK (Internal transaction) FIVE STARS FUJIAN 181383 29 JAPAN GLESS 24.9 MIO UNDISCLOSED (At auction) $/Day 3 25 2 15 1 5 Spot Market - Bulkers Aug-17 Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 2696 1386 11439 CAPESIZE PANAMAX HANDYMAX $/Day 241 221 21 181 161 141 121 11 81 61 41 Period Market -Bulkers 1 Year T/C 21375 13125 1325 Aug-17 Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 CAPESIZE PANAMAX SUPRAMAX CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER ICE RUNNER 8137 28 CHINA GLESS 698 3 MIO UNDISCLOSED ALEXANDRA A 1299 211 TURKEY CR 2X45 122 * ENBLOC BSS VERA A 12513 211 TURKEY CR 2X45 122 13.5 MIO ARKAS LINES (Total price)
8 NEW BUILDING MARKET AND REPORTED CONTRACTS $m 1 Tanker Prices VLCC Suezmax Aframax MR 9 8 6 6 47.8 4 35.8 2 Aug-16 Dec-16 Apr-17 Aug-17 Dec-17 Apr-18 Aug-18 $m 5 45 4 35 3 25 2 15 Bulker Prices Capesize Panamax Supramax Handysize 1 Aug-16 Dec-16 Apr-17 Aug-17 Dec-17 Apr-18 Aug-18 48 28 26 24 Ship Type 218 219 22+ Total Capesize 35 69 82 186 Panamax 34 17 74 215 Supra/Hmax 47 77 65 189 Handies 44 59 23 126 Total 16 312 244 716 Ship Type 218 219 22+ Total ULCC/VLCC 23 58 29 11 Suezmax 18 19 13 5 Aframax 29 54 37 12 Panamax 7 15 21 43 MR+Small 76 169 57 32 Total 153 315 157 625 Ship Type 218 219 22+ Total VLGC 4 23 12 39 LGC MR 3 7 1 11 Handy 5 3 3 11 Small 4 2 6 Total 16 35 16 67
9 Newbuilding Sales No. of Vessels 3 2 1 79 47 8 25 248 14 Tankers Bulkers Containerships 218.5 115.5 216 217 Aug-18 136.8 Delivery Schedule m. dwt Bulkers Tankers 4 34.6 35 33.2 31.8 3 25 2 19.1 16.9 16.1 15 1 5 Aug-18 219 22+ Tanker Newbuildings on Order m. dwt 4 34.4 35 3 25 2 13.6 15 7.8 1 3 5 August 218 VLCC Suezmax Aframax Panamax Products 5 47.5 11 Bulker Newbuildings on Order Capesize Panamax m. dwt 45 4 35 3 25 2 15 1 5 17.6 11.7 August 218 Handymax 4.3 Handysize Newbuilding Historical Prices ($m) Tankers Aug-18 217 216 215 214 213 212 21 28 25 2 1995 199 1985 32, DWT 1 9 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 6 55 54.5 63 65.5 59.6 57.1 66.3 9 71.5 52.5 54 66.1 115, DWT 1 47.8 44 44.5 52 53.6 52.2 48.5 56 74 58 41.5 43.3 53.2 47, DWT 1 35.8 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 48 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 28 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 26 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 24 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
1 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Accom. Unit Ulstein Ultsteinvik 22 WINDEA Offshore Bulk 82 COSCO HI Yangzhou 22 Hermes Marine Mgmt Bulk 82 COSCO HI Yangzhou 22 Hermes Marine Mgmt Bulk 82 COSCO HI Yangzhou 22 Hermes Marine Mgmt Bulk 82 COSCO HI Yangzhou 22 Hermes Marine Mgmt Bulk 82 COSCO HI Yangzhou 221 Hermes Marine Mgmt Option Bulk 82 COSCO HI Yangzhou 221 Hermes Marine Mgmt Option Bulk 82 COSCO HI Yangzhou 221 Hermes Marine Mgmt Option Bulk 82 COSCO HI Yangzhou 221 Hermes Marine Mgmt Option Bulk 125 Wuhu Shipyard 219 Zhuhai Port Shipping Bulk 125 Wuhu Shipyard 219 Zhuhai Port Shipping Bulk 638 Nantong Xiangyu 22 Doun Kisen Bulk 638 Nantong Xiangyu 22 Doun Kisen Bulk 64 Wuhu Shipyard 22 Ningbo Runhua Bulk 635 New Times SB 22 Pan Ocean Bulk 635 New Times SB 22 Pan Ocean Bulk 635 New Times SB 22 Pan Ocean Option Chem & Oil 5 Hyundai Mipo 219 SK Shipping Chem & Oil 55 Ningbo Xinle SB 219 RMB 72.32 mio Xinyihai Chemical Container 32 VARD Brevik 22 Yara International Container 4 CSBC (Kaohsiung) 22 Yara International Container 4 CSBC (Kaohsiung) 22 Yara International Container 4 CSBC (Kaohsiung) 22 Yara International Container 4 CSBC (Kaohsiung) 22 Yara International Container 4 CSBC (Kaohsiung) 22 Yara International Container 4 CSBC (Kaohsiung) 22 Yara International Container 4 CSBC (Kaohsiung) 22 Yara International Container 4 CSBC (Kaohsiung) 221 Yara International Container 4 CSBC (Kaohsiung) 221 Yara International Container 4 CSBC (Kaohsiung) 221 Yara International Container 4 CSBC (Kaohsiung) 221 Yara International Option Container 4 CSBC (Kaohsiung) 221 Yara International Option Container 4 CSBC (Kaohsiung) 221 Yara International Option Container 4 CSBC (Kaohsiung) 221 Yara International Option Container 235 Hyundai Mipo 22 XT Shipping Container 235 Hyundai Mipo 22 XT Shipping Container 4 CSBC (Kaohsiung) 22 Yang Ming Marine Container 4 CSBC (Kaohsiung) 22 Yang Ming Marine Container 4 CSBC (Kaohsiung) 22 Yang Ming Marine Container 4 CSBC (Kaohsiung) 22 Yang Ming Marine Container 4 CSBC (Kaohsiung) 22 Yang Ming Marine Container 4 CSBC (Kaohsiung) 22 Yang Ming Marine Container 4 JMU Isogo Works 22 Wan Hai Lines Container 4 JMU Isogo Works 22 Wan Hai Lines Container 4 JMU Isogo Works 22 Wan Hai Lines Container 4 JMU Isogo Works 22 Wan Hai Lines Container 4 JMU Isogo Works 22 Wan Hai Lines Container 4 JMU Isogo Works 22 Wan Hai Lines Container 4 JMU Isogo Works 22 Wan Hai Lines Container 4 JMU Isogo Works 22 Wan Hai Lines Container 4 JMU Isogo Works 221 Wan Hai Lines Option Container 4 JMU Isogo Works 221 Wan Hai Lines Option Container 4 JMU Isogo Works 221 Wan Hai Lines Option Container 4 JMU Isogo Works 221 Wan Hai Lines Option CS/BW Dredger Shanghai Zhenhua 221 Changjiang Waterway L.N.G. 942 Hyundai Samho HI 22 Nippon Yusen Kaisha L.N.G. 95 Samsung HI 22 186.6 mio Celsius Tankers L.N.G. 95 Samsung HI 22 186.6 mio Celsius Tankers
11 L.N.G. 95 Samsung HI 221 Celsius Tankers Option L.N.G. 95 Samsung HI 221 Celsius Tankers Option L.N.G. 96 Samsung HI 22 182.3 mio GasLog L.N.G. 96 Samsung HI 22 182.3 mio GasLog L.N.G. 4 Jiangnan SY Group 221 Jovo Group L.N.G. 4 Jiangnan SY Group 221 Jovo Group Pass/Car.F Remontowa SB 22 Norled A/S Pass/Car.F Remontowa SB 22 Norled A/S Ro-Ro 155 Jinling Shipyard 221 DFDS Tanker 115 Daehan Shipbuilding 22 Sinokor Merchant Tanker 115 Daehan Shipbuilding 22 Sinokor Merchant Tanker 115 Daehan Shipbuilding 22 Sinokor Merchant Option Tanker 115 Daehan Shipbuilding 22 Sinokor Merchant Option Tanker 114 Daehan Shipbuilding 22 Enesel SA Tanker 114 Daehan Shipbuilding 22 Enesel SA Demolition Historical Data DEMOLITION MARKET Demolition Prices Gen Cargo Tanker India USD 415 /lt Ldt USD 43 /lt Ldt Bangladesh USD 42 /lt Ldt USD 435 /lt Ldt Pakistan USD 41 /lt Ldt USD 425 /lt Ldt China USD 16 /lt Ldt USD 17 /lt Ldt USD/ton USD/ton 58 53 48 43 38 33 28 23 18 58 53 48 43 38 33 28 23 18 445 45 455 45 Price Tankers* 44 44 43 43 215 216 217 218 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices Price Bulkers* 425 435 44 43 43 43 41 415 215 216 217 218 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices
12 Million dwt 6 5 4 3 2 1 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 22.7 6 5 * Bss reported sales Historical Demolition Prices (India Year's End) 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 43 BULK 17 135 181 267 381 332 392 472 268 328 437 456 375 41 4 285 28 425 415 India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK FRIO ANTARCTIC 6514 1988 325 422 Incl 13T bunkers BULK LEVANT SUEZ 12274 1979 515 431 RORO ASSTAR TRABZON 3388 1974 2255 422 TANK BAHAMAS SPIRIT 17261 1998 16616 42 Green recycling Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK CHUN SHING 5339 1996 2357 417 BULK ARKAIM 7 5753 1978 2337 4 BULK PERI 3999 1986 121 417 BULK WINNING BROTHER 185777 1995 21529 447 CONT ESM CREMONA 12576 1992 5246 447 GAS WEST ENERGY 68122 1976 286 44 China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS N/A N/A N/A
13 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 Other TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK KAYU PITUH 6971 1995 9543 29 Basis as is China TANK FSO ABU 8992 198 16415 25 Basis as is Malaysia TANK AL ANBARIAH 95628 1993 15933 445 Indian Sub Cont TANK KARTIKA SEGARA 3747 1998 851 365 Basis as is Batam TANK RUBY IV 2815 2 38514 43 Basis as is Colombo HISTORICAL BUNKER PRICES USD/ton 8 7 6 5 4 3 2 1 Bunkers Cost (38 cst) Rotterdam Fujairah Houston Average Trend 12 1 USD/ton 8 6 4 2 Bunkers Cost (MGO) Rotterdam Fujairah Houston Average Trend 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 Aug-18
14 HISTORICAL BUNKER PRICES Rotterdam Fujairah 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 Aug-18 431.5 66 474.5 735 435 698 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
15 16. Brent Oil $/Barrel 14. 12. 1. 8. 6. 4. 2.. GBP CAD EUR JPY CHF USD AUD GBP 1.5931.8973.69.7917.7682.5592 CAD 1.6721 1 1.5127.116 1.3346 1.295.9428 EUR 1.151.669 1.77.8822.856.6232 JPY 142.864 85.9989 13.116 1 114.8 111.389 81.958 CHF 1.2626.749 1.1332.87 1.971.762 USD 1.2844.7721 1.1681.9 1.36 1.728 AUD 1.752 1.63 1.643.123 1.4153 1.34734 1 * 3/8/218 values
16 STOCK WATCH NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW Capital Product Partners CPLP 3.1 3.4-1 3.7 2.98 Diana Shipping Inc. DSX 4.32 4.41-2 5.16 3.7 Dryships Inc. DRYS 4.85 5.5-4 6.9 1.84 Dynagas LNG Partners LP DLNG 9.6 8.9 1.8 14.41 7.51 Eagle Bulk Shipping Inc. EGLE 5.14 5.64-8.9 6.14 4.18 Euroseas Ltd. ESEA 1.61 1.7-5.3 2.73 1.42 Costamare Inc. CMRE 7.4 6.98.9 8.39 5.45 Navios Maritime Holdings NM.82.85-3.5 1.9.68 GasLog Ltd. GLOG 16.85 17. -.9 22.55 15.6 Safe Bulkers Inc. SB 2.86 3.45-17.1 4. 2.67 Star Bulk Carriers Corp. SBLK 12.88 13.37-3.7 14.6 8.62 Stealthgas Inc. GASS 3.58 3.79-5.5 4.7 3. TEN Inc. TNP 3.37 3.5-3.7 4.86 3.11 TOP Ships Inc. TOPS.92.97-5.2 35.5.69 Diana Containerships Inc. DCIX 1.3 1.56-16.7 28.48 1.26 Danaos Corporation DAC 1.7 1.65 3 2.5 1.5 Aegean Marine Petroleum ANW 1.8 1.57 14.6 5.25.6 * 3/8/218 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,