Monday, May 14, 212 - Week 2 The Week at a Glance 'Blue and white or black and white?' Greece is again at the forefront due to the political instability after the recent elections. Dollar is gaining against the euro pushing commodity prices south. In oil, Saudi Arabia appears to be happy with a price per barrel close to USD 1 and expects demand to pick up in the second half of 212. Needless to say that keeping oil prices above USD 1 per barrel is pretty much putting global economy in disarray. In agri news, corn prices are expected to drop during 213-4 as the output for these years seems to soar by almost 13%! Baltic Dry Indices* Last Fridays Closing Weekly Difference Baltic Dry Index 1138-19 Baltic Cape index 1614 38 Baltic Panamax Index 1322-25 Baltic Supramax Index Baltic HandySize Index 1112-6 616 14 Newbuilding Prices 2/212 3/212 4/212 5/212 VLCC 3, $97 $97 $97 $97 SUEZMAX 15, $59 $59 $59 $59 AFRAMAX 113, $49 $49 $49 $49 PANAMAX 72, $43 $43 $43 $43 PRODUCT 47, $34 $34 $34 $34 Greek Listed Companies Last Fridays Closing Weekly Difference NYSE 7815,88-299,76 NASDAQ 2933,82-22,52 Dry Ships 2,57 -,34 CAPESIZE 175, KAMSARMAX 81, SUPRAMAX 5, HANDYSIZE XS 28, $47 $47 $47 $47 $31 $31 $31 $31 $27 $27 $27 $27 $22 $22 $22 $22 Brent Prices Navios 3,35 -,28 Excel 1,42 -,14 Diana 7,6 -,2 Top Ships 1,76 -,9 TEN 5,69 -,33 Stealth Gas 6,2 -,28 Capital Product Partners 7,89 -,7 Euroseas 1,45 -,39 Danaos 4,23,5 Costamare 14,29,2 Currencies* Last Fridays Closing Weekly Difference EURO/USD 1,29166 -,2 USD/JPY 79,945,7 USD/CNY 6,3113,2 *The above tables show last Friday's closing including the weekly balance. ISO Certified by Germanischer Lloyd Copyright by Allied Shipbroking Inc
Secondhand Sales Dry SIZE INDEX W-O-W CHANGE AVG T/C RATES W-O-W CHANGE TREND BDI 1138-19 CAPESIZE 1614 38 8.66 812 FIRMER PANAMAX 1322-25 1.55-1.644 WEAKER SUPRAMAX 1112-6 11.623-66 STEADY HANDYSIZE 616 14 9.269 198 STEADY Bulk Carrier Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment GLOBAL EXPLORER 248 1996 JAPAN 4 X 3,5t CRANES Mitsubishi 8.25. USD APOLLO 27912 1996 JAPAN 4 X 3t CRANES B&W 7.75. USD SANKO RALLY 42529 1994 JAPAN 4 X 3t CRANES B&W 8.8. USD SELARAS 45734 1994 JAPAN 4 X 25t CRANES MAN-B&W 8.. USD SERASIH 2 48913 1999 JAPAN 4 X 25t CRANES Sulzer 12.5. USD MASTRO GIORGIS II EASTERN QUEEN SOLD TO UNDISCLOSED BUYERS WITH 3 YRS T/C AT USD 785/DAY. SOLD TO UNDISCLOSED BUYERS AT REGION USD 7.7-7.8 MILL. SOLD TO BANGLADESH BASED BUYERS SOLD EN BLOC WITH "SERASIH 2" TO UNDISCLOSED BUYERS - USD 2.5. EN BLOC SOLD EN BLOC WITH "SELARAS" TO UNDISCLOSED BUYERS - USD 2.5. EN BLOC 5237 1995 UKRAINE 4 X 3t CRANES B&W 7.2. USD SOLD TO INDIAN BUYERS 7196 1994 KOREA, SOUTH - B&W 9.8. USD SOLD TO CHINESE BUYERS RUBY CREST 7333 1997 KOREA, SOUTH - B&W 11.8. USD SOLD TO CHINESE BUYERS CAPE ORCHID 172569 21 JAPAN - B&W 25.. USD Container Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment SOLD TO JAPANESE BUYERS INCLUDING 3 YEARS BARE BOAT BACK TO SELLERS ID ASIA 12577 1993 POLAND 112 2 X 4t CRANES B&W 3.85. USD SOLD TO UNDISCLOSED BUYERS IPANEMA 24378 1995 JAPAN 1613 IKARUGA 24382 1995 JAPAN 1613 BUNGA TERATAI TIGA BUNGA TERATAI EMPAT 2 X 4t CRANES, 1 X 3t CRANES 2 X 4t CRANES, 1 X 3t CRANES Mitsubishi Mitsubishi 4.8. USD 4.8. USD 24554 1998 KOREA, SOUTH 1725 - B&W 6.8. USD 24561 1998 KOREA, SOUTH 1725 - B&W 6.8. USD BLACK EAGLE 3279 1983 FRANCE 1716 4 X 4t CRANES, 2 X 1t CRANES SOLD EN BLOC WITH "IKARUGA" TO SINGAPORE BASED BUYERS (SEACHANGE) - REGION USD 9.6. EN BLOC SOLD EN BLOC WITH "IPANEMA" TO SINGAPORE BASED BUYERS (SEACHANGE) - REGION USD 9.6. EN BLOC SOLD EN BLOC WITH "BUNGA TERATAI EMPAT" TO SINGAPORE BASED BUYERS (SEA CONSORTIUM) - REGION USD 13.6. EN BLOC SOLD EN BLOC WITH "BUNGA TERATAI TIGA" TO SINGAPORE BASED BUYERS (SEA CONSORTIUM) - REGION USD 13.6. EN BLOC Sulzer 5.. USD SOLD TO USA BASED BUYERS 2
Wet SIZE INDEX W-O-W CHANGE BDTI 76-3 BCTI 614-8 SIZE AVG SPOT EARNINGS W-O-W CHANGE AVG T/C RATES BSS 1 YR TREND VLCC $ 35,496. 14% 23. FIRMER SUEZMAX $ 26,295. 53% 17. FIRMER AFRAMAX $ 14,578. 3% 13.75 STEADY CLEAN MR $ 5,393. 7% 14.25 STEADY Tanker Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment ARO FOREST (Zinc Coated, IMO III) TRANS SCANDIC (St. Steel, IMO II) BUNGA KELANA DUA 4999 1992 KOREA, SOUTH Y N MAN-B&W - SOLD TO UNDISCLOSED BUYERS ON PRIVATE TERMS 676 1992 GERMANY Y Y Normo 5.75. USD SOLD TO UNDISCLOSED BUYERS 15976 1997 KOREA, SOUTH Y Y MAN-B&W 8.75. USD SOLD TO GREEK BUYERS (POLEMBROS) 3
Baltic Dry Indices Year BDI Max BDI Avg BDI Min BCI Max BCI Avg BCI Min BPI Max BPI Avg BPI Min BSI Max BSI Avg BSI Min 27 1139 792 4219 16256 997 5943 11713 736 3923 6956 4552 2732 28 11793 6445 663 19687 9444 83 11425 6141 44 6743 49 421 29 4661 2612 772 8243 4142 1361 4453 2413 492 2487 1665 389 21 429 2749 17 5455 3469 164 4622 314 1845 3111 2143 1369 211 2173 1549 143 3725 2246 1281 2132 1742 1296 1612 1374 186 212 1738 935 647 3287 1587 1354 1738 112 681 1176 897 6 Baltic Dry Index 1. 8. 6. 4. 2. 1/5/85 1/11/85 1/5/86 1/11/86 1/5/87 1/11/87 1/5/88 1/11/88 1/5/89 1/11/89 1/5/9 1/11/9 1/5/91 1/11/91 1/5/92 1/11/92 1/5/93 1/11/93 1/5/94 1/11/94 1/5/95 1/11/95 1/5/96 1/11/96 1/5/97 1/11/97 1/5/98 1/11/98 1/5/99 1/11/99 1/5/ 1/11/ 1/5/1 1/11/1 1/5/2 1/11/2 1/5/3 1/11/3 1/5/4 1/11/4 1/5/5 1/11/5 1/5/6 1/11/6 1/5/7 1/11/7 1/5/8 1/11/8 1/5/9 1/11/9 1/5/1 1/11/1 1/5/11 1/11/11 1/5/12 1/11/12 Baltic CapeSize Index 18. 16. 14. 12. 1. 8. 6. 4. 2. 1\8\ 1\11\ 1\2\1 1\5\1 1\8\1 1\11\1 1\2\2 1\5\2 1\8\2 1\11\2 1\2\3 1\5\3 1\8\3 1\11\3 1\2\4 1\5\4 1\8\4 1\11\4 1\2\5 1\5\5 1\8\5 1\11\5 1\2\6 1\5\6 1\8\6 1\11\6 1\2\7 1\5\7 1\8\7 1\11\7 1\2\8 1\5\8 1\8\8 1\11\8 1\2\9 1\5\9 1\8\9 1\11\9 1\2\1 1\5\1 1\8\1 1\11\1 1\2\11 1\5\11 1\8\11 1\11\11 1\2\12 1\5\12 1\8\12 Baltic Panamax Index 1. 8. 6. 4. 2. 1\8\ 1\11\ 1\2\1 1\5\1 1\8\1 1\11\1 1\2\2 1\5\2 1\8\2 1\11\2 1\2\3 1\5\3 1\8\3 1\11\3 1\2\4 1\5\4 1\8\4 1\11\4 1\2\5 1\5\5 1\8\5 1\11\5 1\2\6 1\5\6 1\8\6 1\11\6 1\2\7 1\5\7 1\8\7 1\11\7 1\2\8 1\5\8 1\8\8 1\11\8 1\2\9 1\5\9 1\8\9 1\11\9 1\2\1 1\5\1 1\8\1 1\11\1 1\2\11 1\5\11 1\8\11 1\11\11 1\2\12 1\5\12 1\8\12 Baltic Supramax - HandySize Index 3.5 3. 2.5 2. 1.5 1. 5 7. 6. 5. 4. 3. 2. 1. 1\12\2 1\2\3 1\4\3 1\6\3 1\8\3 1\1\3 1\12\3 1\2\4 1\4\4 1\6\4 1\8\4 1\1\4 1\12\4 1\2\5 1\4\5 1\6\5 1\8\5 1\1\5 1\12\5 1\2\6 1\4\6 1\6\6 1\8\6 1\1\6 1\12\6 1\2\7 1\4\7 1\6\7 1\8\7 1\1\7 1\12\7 1\2\8 1\4\8 1\6\8 1\8\8 1\1\8 1\12\8 1\2\9 1\4\9 1\6\9 1\8\9 1\1\9 1\12\9 1\2\1 1\4\1 1\6\1 1\8\1 1\1\1 1\12\1 1\2\11 1\4\11 1\6\11 1\8\11 1\1\11 1\12\11 1\2\12 1\4\12 1\6\12 1\8\12 4
Secondhand Sales Statistics Current Secondhand Activity per / Size/ Invested Capital During 212 Secondhand Activity per / Size/ Invested Capital...during 21 A. Dry Size DWT Invested Capital DWT Invested Capital A. Dry 629 33.67.551 $1.746.12. B. Tanker 356 27.341.34 $8.135.794.464 1. Minibulk (up to 9,999 2. Handy (1, - 39,999 3. Handymax (4, - 59,999 4. Panamax (6, - 79,999 5. Capesize (8,+ 34 212.8 $51.85. 58 1.639.673 $452.635. 38 1.81.119 $418.5. 38 2.81.869 $637.75. 16 2.672.364 $414.85. C. Container 163 4.998.465 $2.474.9. D. Reefer 6 45.83 $25.5. E. RoRo Cargo/ Ferry/ Passenger 59 329.362 $943.298. F. Miscellaneous 46 586.236 $864.5. Grand Total 1.259 66.368.1 $23.19.94.464...during 211 DWT Invested Capital A. Dry 516 23.285.66 $6.537.491. A. Dry Total 184 9.136.33 $1.975.54. B. Tanker 378 26.84.995 $7.73.8. C. Container 92 3.374.796 $2.178.41. D. Reefer 17 133.65 $35.26. B. Tanker 1. Minitank (up to 9,999 2. Product (1, - 59,999 3. Panamax (6, - 79,999 4. Aframax (8, - 119,999 5. Suezmax (12, - 199,999 6. VLCC (2, - 299,999 7. ULCC (3,+ 54 336.577 $262.. 58 2.8.774 $878.7. 2 142.675 $3.. 13 1.335.17 $182.. 5 768.234 $164.2. 3 941.615 $139.5. E. RoRo Cargo/ Ferry/ Passenger 39 22.71 $195.35.49 F. Miscellaneous 39 75.911 $278.4. Grand Total 1.81 53.157.83 $16.927.757.49 Bulk Carriers Sales Per during 212 9 % CAPESIZE 21 % PANAMAX 21 % HANDYMAX 32 % HANDY 18 % MINIBULK B. Tanker total 135 5.533.45 $1.656.4. C. Container Total 49 1.329.345 $457.28. D. Reefer Total Tankers Sales Per during 212 2 % ULCC % VLCC 4 % SUEZMAX 1 % AFRAMAX 1 % PANAMAX 43 % PRODUCT 4 % MINITANK E. RoRo Cargo/ Ferry/ Passenger Total 13 58.89 $18.125. F. Miscellaneou s Total Grand Total 381 16.57.313 $4.17.345. 5
Invested Capital in Secondhand per month as of January 211 Year Month Invested Capital 211 211 Total 212 212 Total April-211 $2.18.21. May-211 $2.129.8. June-211 $1.9.11. July-211 $968.59. January-211 $1.274.5. February- 211 $1.368.181. March-211 $1.891.96. August-211 $783.35. September- 211 $1.886.725.49 October-211 $1.534.7. November- 211 $947.68. December- 211 $944.5. $16.927.757.49 January-212 $876.16. February- 212 $557.75. March-212 $1.135.355. April-212 $1.98.7. May-212 $44.55. $4.17.345. Dry - Buyers' Nationality Invested Capital Graph - Invested Capital in Secondhand per month as of January 211 2.1.. 2... 1.9.. 1.8.. 1.7.. 1.6.. 1.5.. 1.4.. 1.3.. 1.2.. 1.1.. 1... 9.. 8.. 7.. 6.. 5.. 4.. 3.. 2.. 1.. 1/211 2/211 3/211 4/211 5/211 6/211 Invested Capital Per Month 7/211 8/211 9/211 Months Total Capital 1/211 11/211 12/211 No Of Buyers Nationality during 212 - Top 1 ( vessels per sector) 1/212 2/212 3/212 4/212 5/212 135 13 125 12 115 11 15 1 95 9 85 8 75 7 65 6 55 5 45 4 35 3 25 2 15 1 5 Vesels 27 % OTHER 2 % GERMANY 2 % KOREA SOUTH 1 % USA 5 % SYRIA 2 % UNITED KINGDOM 2 % INDONESIA 2 % SINGAPORE 16 % CHINA PEOPLE'S REPUBLIC OF 17 % GREECE 24 % UNKNOWN Wet - Buyers' Nationality 31 % OTHER % GERMANY 4 % KOREA SOUTH 6 % USA % SYRIA 7 % UNITED KINGDOM 5 % INDONESIA 7 % SINGAPORE 1 % CHINA PEOPLE'S REPUBLIC OF 17 % GREECE 22 % UNKNOWN Container - Buyers' Nationality 12 % OTHER 1 % GERMANY % KOREA SOUTH 2 % USA 2 % SYRIA % UNITED KINGDOM 12 % INDONESIA 8 % SINGAPORE 4 % CHINA PEOPLE'S REPUBLIC OF 22 % GREECE 27 % UNKNOWN B. Tanker C. Container D. Reefer Buyer's Country A. Dry Grand Total UNKNOWN 44 3 13 87 GREECE 32 23 11 66 CHINA, PEOPLE'S REPUBLIC OF 29 1 2 32 SINGAPORE 4 1 4 18 INDONESIA 3 7 6 16 UNITED KINGDOM 4 9 13 SYRIA 1 1 11 USA. 1 8 1 1 KOREA, SOUTH 4 5 9 GERMANY 4 5 9 Other 49 42 6 97 Grand Total 184 135 49 368 Buyers Nationality during 212 - Top 1 (Invested Capital per sector) B. Tanker C. Container D. Reefer Buyer's Country A. Dry Grand Total GREECE 6.275. 387.25. 231.. 1.218.525. UNKNOWN 22.48. 12.2. 25.85. 366.53. CHINA, PEOPLE'S REPUBLIC OF 278.64. 32.. 8.9. 319.54. UNITED KINGDOM 12.9. 18.5. 31.4. SINGAPORE 63.. 185.. 23.2. 271.2. USA. 2.5. 16.. 5.. 185.5. KOREA, SOUTH 45.4. 13.65. 149.5. INDONESIA 1.5. 11.5. 27.. 147.55. GERMANY 6.. 61.. 121.. Other 513.395. 377.3. 73.83. 964.525. Grand Total 1.975.54. 1.656.4. 457.28. 4.89.22. 6
New Building Orders Bulk Carriers Type Units Dwt Shipyard Reported Price Owner / Manager Delivery Date BC 2 76, SHANHAIGUAN S/Y - SHENHUA ZHONGHAI 214 BC 5 76, JIANGNAN SY GROUP USD 27.75. SHENHUA ZHONGHAI 213/214 BC 2 82, JINLING SHIPYARD USD 27.. SOLOI INC. 214 Tankers Type Units Dwt Shipyard Reported Price Owner / Manager Delivery Date PRODUCTS 4 1,35 SONG THU - DSM MARITIME 213 PRODUCTS 4 51, SPP USD 33.5. CERES HELLENIC / JP MORGAN 213/214 PRODUCTS 2 11, DALIAN SHIPBUILDING USD 42.. SEATANKERS 213/214 PRODUCTS 2 115, DALIAN SHIPBUILDING USD 44.. FRONTLINE 213/214 TANKER 2 31, I.H.I USD 1.. JX GROUP 215 7
Demolition Sales Type Vessel's Name DWT Built Country LDT Price/ ldt Sale's Comment REEFER SILVER STOCKHOLM 681 199 CHINA 4127 44 SOLD TO INDIA TANKER SEA LION 1 841 1976 GERMANY 377 - SOLD TO INDIA ON PRIVATE TERMS REEFER SUPREME HARVEST 8937 1988 JAPAN 474 - SOLD TO INDIA ON PRIVATE TERMS GEN. CARGO YUAN TONG 22312 1985 JAPAN 991 - SOLD TO INDIA ON PRIVATE TERMS BC EMINE 2556 1983 BULGARIA 7755 462 SOLD TO PAKISTAN CORRECTED PRICE CONTAINER MSC FINLAND 4928 1986 JAPAN 15957 475 SOLD TO INDIA TANKER BOW FERTILITY 4557 1987 KOREA, SOUTH 12199 53 SOLD TO INDIA INCLUDING 22 TONS ST.STEEL TANKER BOW PRIDE 45655 1987 KOREA, SOUTH 12199 53 SOLD TO INDIA INCLUDING 22 TONS ST.STEEL BC CAPE WARRIOR 146351 1986 JAPAN 2538 42 SOLD TO CHINA BC GLORY FUZHOU 153572 1989 CHINESE TAIPEI 24289 484 SOLD TO BANGLADESH BC GLORY RIZHAO 169381 1991 KOREA, SOUTH 23269 484 SOLD TO BANGLADESH BC AMBER STAR 181884 1986 JAPAN 23 49 SOLD TO BANGLADESH BC STONEGATE 18711 1984 JAPAN 22737 42 SODL TO CHINA 8
Demolition Statistics For 212 Current Demolition Activity per / Size A. Dry 211 212 Size No Of DWT No Of DWT 1. Minibulk (up to 9,999 2. Handy (1, - 39,999 3. Handymax (4, - 59,999 4. Panamax (6, - 79,999 5. Capesize (8,+ 85 58.391 27 189.295 291 6.536.167 131 3.513.53 48 2.239.479 44 2.19.11 66 4.481.196 42 2.859.1 74 11.533.655 34 5.713.119 A. Dry Total 564 25.298.888 278 14.294.46 B. Tanker 1. Minitank (up to 9,999 2. Product (1, - 59,999 3. Panamax (6, - 79,999 4. Aframax (8, - 119,999 5. Suezmax (12, - 199,999 6. VLCC (2, - 299,999 7. ULCC (3,+ 44 225.574 13 74.437 68 2.27.837 23 72.71 6 411.956 2 139.821 28 2.656.659 19 1.833.12 7 1.2.63 12 1.779.55 12 3.239.246 3 749.17 2 618.576 2 614.16 B. Tanker Total 167 1.361.911 74 5.91.185 C. Container Total 39 968.82 56 1.744.913 D. Reefer Total 39 318.883 29 263.735 E. RoRo Cargo/ Ferry/ Passenger Total 76 595.91 15 18.865 F. Miscellaneous Total 39 377.38 9 626.442 Grand Total 924 37.921.423 461 22.948.186 Please Note that dry trading combination carriers are included in the dry sector and wet trading ones in the tanker sector. 9
Country Demolition Activity by Country 211 212 DWT DWT BANGLADESH 92 7.857.191 78 5.234.861 CHINA, PEOPLE'S REPUBLIC OF 17 6.471.492 49 3.36.129 EUROPE 1 964 INDIA 46 13.744.8 213 8.533.79 PAKISTAN 6 3.984.86 39 3.634.615 SAUDI ARABIA 1 95.793 TURKEY 2 196.756 18 226.249 ' Average Age For Demolition 211 21 29 A. Dry 3,7 31,5 3,6 B. Tanker 27 26,4 26,5 C. Container 29,3 27 26,7 D. Reefer 26,3 29,3 28,9 E. RoRo Cargo/ Ferry/ Passenger 32 31,5 29,3 F. Miscellaneous 34 33,7 32 U.A.E. (DUBAI) 1 55.289 UKRAINE 1 1.88 UNKNOWN 235 5.56.586 63 1.93.253 USA. 1 61.893 Grand Total 924 37.921.423 461 22.948.186 Demolition Activity By DWT Demolition of BCs by percentage for 211 15 % Minibulk 52 % Handy 9 % Handymax 12 % Panamax 13 % Capesize 7.. Demolition Per Month 15 145 6.5. 14 135 6.. 13 125 12 5.5. 115 11 5.. 15 1 4.5. 95 9 dwt 4.. 3.5. 3.. 85 8 75 7 65 6 no of vessels Demolition of Tankers by percentage for 211 2.5. 2.. 1.5. 55 5 45 4 35 3 26 % Minitank 41 % Product 4 % Panamax 17 % Aframax 4 % Suezmax 7 % VLCC 1 % ULCC 1.. 25 2 15 5. 1 5 1/211 2/211 3/211 4/211 5/211 6/211 7/211 8/211 9/211 1/211 11/211 12/211 1/212 2/212 3/212 4/212 5/212 Months Sum of DWT V essels Year Dry Demolition activity since 21 DWT of Dry Tankers DWT of Tankers DWT 21 417 11.755.524 136 15.439.165 644 28.126.363 22 269 8.667.582 19 18.13.186 545 28.545.6 23 219 5.732.642 232 18.395.563 55 25.181.35 24 79 1.518.916 173 8.551.39 338 1.471.421 25 38 1.155.58 1 4.259.393 182 5.539.311 26 116 2.813.88 111 3.52.432 32 6.957.521 27 46 623.85 127 4.65.141 229 5.143.327 28 123 5.314.626 122 5.895.238 361 13.196.142 29 45 12.418.225 16 9.18.356 889 28.688.754 21 26 7.426.742 279 14.72.27 789 25.794.97 211 564 25.298.888 167 1.361.911 924 37.921.423 212 278 14.294.46 74 5.91.185 461 22.948.186 1
Contact Details GEORGE AERAKIS AOH: +3-21 6 35 259 MOBILE: +3 6946 4 57 37 ILIAS BOLIS AOH: +3-21 - 8 25 439 MOBILE: +3-6937 - 2 65 GEORGE DASKALAKIS AOH: +3-21-62 29 124 MOBILE: +3-6932-24 8 7 STAVROS DRAKOGIANNOPOULOS AOH: +3-21-6 11 438 MOBILE: +3-6932 - 2 15 65 SAKIS DRAKOGIANNOPOULOS AOH: +3 2299 63 237 MOBILE: +3-6944 - 88 58 8 NASSOS HATZIGEORGIOU AOH: +3-21 - 93 16 353 MOBILE: +3-6944 - 73 33 93 GEORGE KANELLOPOULOS AOH: +3-21 - 67 27 124 MOBILE: +3-6976 - 97 47 18 JOHN KOSTOYANNIS AOH: +3-21 - 81 31 194 MOBILE: +3-6932 - 43 39 99 COSTAS KARADIMAS AOH: +3-21 - 62 11 96 MOBILE: +3-6932 - 2 15 64 THEODOROS MOISSOGLOU AOH: +3-21 - 96 19 87 MOBILE: +3-6932 - 45 52 41 THASSOS PAPOUIS AOH: +3-21 62 31 392 MOBILE: +3 6944 29 49 89 TASSOS PROSSIOS AOH: +3-21 89 46 692 MOBILE: +3 6942 6 78 32 JOHN STASSINAKIS AOH: +3 211 4 16 51 MOBILE: +3 6972 6 92 9 EVAGELOS TOBALOGLOU AOH: +3-21 - 43 25 185 MOBILE: +3-6932 - 4 56 2 COSTIS TSALPATOUROS AOH: +3-21 - 96 19 278 MOBILE: +3-6932 - 2 15 63 PLUTON VARVAROS AOH: +3-21 45 11 331 MOBILE: +3-6937 25 15 15 ALLIED SHIPBROKING INC. 48, Aigialeias Street, 4 th Floor, Maroussi 151 25, Greece Tel: +3 21 45 24 5 Fax: +3 21 45 25 17/ 19 E-mail: snp@allied-shipbroking.gr ALLIED CHARTERING S.A. 48, Aigialeias Street, 4 th Floor, Maroussi 151 25, Greece Tel : +3 21 42 88 1 Fax: +3 21 45 24 21 drycargo@allied-chartering.gr E-mails: tanker@allied-chartering.gr Visit us @ www.allied-shipbroking.gr 11
LEGAL DISCLAIMER ----------------------------------------- This report has been produced on information collected from various sources and whilst every care has been taken in its preparation, it is presented for the sole and exclusive information of its recipients, in good faith and without any guarantee from our part. None of the information contained in this report has been independently verified by any member of ALLIED SHIPBROKING INC. Consequently no representation or warranty, express or implied, is made in respect of the accuracy of the information contained herein. Neither our company nor its directors or employees shall be in any way liable for any loss nor damage occurred to any party by the use of the information and/or the comments contained in this report. Furthermore, no responsibility is accepted in respect of any errors or inaccuracies which may be contained in this report. 12