Vessel Type : BULKERS IHI - KURE - SASEBO SASEBO JIANGDONG SHIPYARD JIANGDONG SHIPYARD JIANGDONG SHIPYARD KANDA KAWAJIRI IMABARI MARUGAME

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WEEKLY MARKET REPORT Week: 40 Starting at 28 th September Ending at 5 th October 2012 (Given in good faith but without guarantee) Vessel Type : BULKERS Gear HEBEI WINNER 256.777 1993/ IHI KURE Sulzer/ 27.222 Korean NSS ADVANCE 173.246 1995/ SASEBO SASEBO 20752 10 CHUNGO TRES 57.000 MAN ARROZERO TRES 57.000 MINERO TRES 57.000 MAN MAN to Greek for DESTINO DOS 28.495 2002/ KAA KAWAJIRI 4 X 30t 8.000 BET INTRUDER 69.235 1993/ IMABARI MARUGAME 1 X 4t Sulzer/ 12.001 4.5 Chinese

HELLESPONT TRINITY 148.018 Vessel Type : TANKERS 1996/ S.Korea SAMSUNG HEAVY IUSTRI Hull/ Tanks 21.240 11.3 Greek SEAEDEN 45.983 2007/ SHIN KURUSHIMA ONISHI DH/14 MAN 12.889 18.5 Indonesian JO EIK 19.087 JO ASK 19.087 1998/ Spain 1997/ Spain JULIANA GIJON JULIANA GIJON DH/34 DH/34 9.700 9.699 to for abt Usd $ 11 Mill and 11.5 Mill. BOW DE FENG 12.514 BOW DE RICH 12.451 2002/ 2003/ FUKUOKA FUKUOKA DH/22 DH/22 5.302 5.311 to Chinese for NEW WEALTH 9.200 NEW SUCCESS 9.000 2009/ 2009/ DONGFANG DONGFANG 4.038 4.038 to Chinese for STOLT GANNET 7.949 1992/ Netherlands WELGELEGEN HARLINGEN DH/ Mak/ 5506 Russian SUN VICTORY 6.568 2000/ MURAKAMI HIDE DH/17 Mitsubishi /4.200 4.8 Indonesian DING HENG 1 3.645 2006/ ZHOUSHAN DINGHENG SHIP DH/10 Chinese Std. Type /3.298 1.3 Chinese

Vessel Type : GENERAL CARGO ZIA BELLE 8.708 PACIFIC GUARDIAN 5.450 LUCKY WHALE 5.215 1997/ 1998/ 1995/ Turkey ZHONGHUA JIANGSU JIANGYANG SHIP MARMARA YARIMCA Gear 2 X 150t 2 X 40t 2 X 40t Wartsila / 10605 5.873 3997 2 Chinese 2.5 Phillipine 0.9 Syrian Vessel Type : REEFERS Reef. Cap. URGULL 3202 1989/ Italy ESERCIZIO VIAREGGIO 3.000 Wartsila/ 4.589 2.65 South American OS SINGAPORE 17.850 OS BANGKOK 17.850 OS YANGON 7.129 Vessel Type :RORO 1985/ 1985/ 1986/ to Chinese for abt Usd $ 10 Mill.

NEWBUILDINGS Type Dely Year Price( $ No. Comments TANKER 50.000 2014/ 2015 STX HIGHPOINT 4 6OPT TANKER 50.000 2014 HYUAI MIPO D AMICO 2 TANKER 23.000 2013/ 2014 HYUAI MIPO ATLANSHIP UISCLOSED 2 LPG/ ETHYLENE 12.000 cbm 2014 STX UNIGAS 3 3OPT BULKER 76.000 2014 TAIZHOU CATIC MST MINERALIEN 25.5MILL 2 DEMOLITION IIA PHOENIX ATLANTIC TRADER HORIZON Bulker 151.227 1990 17.898 Ldt Usd 420/ Ldt Container 22.250 1996 7.376 Ldt Usd 425/ Ldt Container 14.764 1991 Italy 8.306 Ldt Usd 428/ Ldt

GRA ANEMI CHINA Bulker 76.650 1988 India 13.651 Ldt Usd 342/ Ldt WUGANG STAR PAKISTAN Bulker 187.575 1991 Brazil 25.662 Ldt Usd 395/ Ldt LOCATION BULKER CONTAINER IIA I II CHINA I PAKISTAN I TOTAL III II All information provided in this report is supplied in good faith, Renaissance Shipbroking S.A shall not accept any responsibility for any errors and/or omissions arising from this report and cannot be held responsible for any action taken and/or losses occurred as a result of the details included in this report. Part of information included in this report has been collected from various sources whose accuracy or completeness cannot be fully guaranteed. This report is distributed to the primary user of the delivery email account and may not be redistributed without the expressed written agreement of Renaissance Shipbroking S.A. Copies of same can only be made from the primary user. Copyright RENAISSANCE SHIPBROKING S.A. ALL RIGHTS RESERVED No part of this publication may be reproduced, stored in a retrieval system or transmitted on any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of Renaissance Shipbroking S.A.