WEEKLY MARKET REPORT Week Ending: 4 th March 201 1 (Week 9, Report No: 9/11) (Given in good faith but without guarantee) SUMMARY OF SALES TOTAL WEEKLY S&P ACTIVITY VESSEL TYPE NEWBUILDING SECOND HAND DEMOLITION TTL SALES No. of Vessels in DWT No. of Vessels Invested Capital No. of Vessels in DWT Bulkcarriers 7 415.000 6 78.800.000 5 476.043 11 Tankers * 1 N/A 5 113.600.000 2 20.664 7 Liners ** 0 0 1 N/A 6 74.055 7 Containers 12 1.253.000 2 25.500.000 1 19.974 3 Reefers 0 0 0 0 0 0 0 Passenger / Cruise 0 0 0 0 0 0 0 Ro - Ro***** 0 0 0 0 0 0 0 Car Carrier 0 0 0 0 0 0 0 Combined *** 0 0 0 0 0 0 0 Special Projects **** 5 N/A 2 40.400.000 1 6.502 3 TTL VSLS/Demo 25 1.668.000 16 258.300.000 15 597.238 31 Key:/ * incl. Crude Oil, Clean & Dirty Products, LPG, LNG, Chemical, Asphalt and Veg-Oil ** incl. Multi-Purpose and Tweendeckers *** incl. Bulk-Ore, Ore-Oil and Bulk-Oil Carriers **** incl. Oil & Drilling Rigs, Tugs, Livestock, Trawlers, Cable/Exploration/Navy/Support vsls **** incl. Ro-Ro Cargo, Ro-Ro Passenger *****
SECONDHAND TONNAGE SOLD FOR FURTHER TRADING DRY BULK CARRIERS GDSA S&P INDEX STX DALIAN RESALE LANGANGER LEIKANGER (OPEN HATCH) MATARIKI FOREST LIAN HUA BELLATRIX ID PACIFIC JASPER URALS STAR URALS PRINCESS 58,000 DWT DELY 11 SKR SOLD FOR ABT US $28,5 MIL TO TURKISH BYRS 491.37 41,425 DWT BLT 86 KRS 7 HO HA CR 4 x 30 T SULZER 9,451 BHP 41,409 DWT BLT 86 KRS 7 HO HA CR 4 x 30 T SULZER 9,449 BHP SOLD ENBLOC FOR ABT US $8.70 MIL EACH TO BANGLADESHI BYRS 210.06 28,709 DWT BLT 07 JPN 5 HO HA CR 4 x 30 T KOBE 5,900 BHP SOLD FOR ABT US $18,6 MIL TO HONG KONG BYRS AT AUCTION VESSEL LAID UP SINCE NOV 2010 647.88 25,486 DWT BLT 85 JPN 4 HO HA CR 4 x 25 T B&W 7,001 BHP SOLD FOR ABT US $5,5 MIL TO NORTH KOREAN INTERESTS 215.80 22,273 DWT BLT 90 JPN 4 HO HA CR 4 x 30 T MITSUBISHI 6,241 BHP SOLD FOR ABT US $8,8 MIL TO TURKISH BYRS 395.10 TANKERS 269,141 DWT BLT 95 JPN SH 11 TNKS OIL CAP. 315,483 CBM B&W 31,922 BHP SOLD FOR ABT US $17,5 MIL TO UNDISCLOSED BYRS FOR CONVERSION 65.02 114,847 DWT BLT 06 KRS DH 12 TNKS CTD CLD OIL. 124,588 CBM WARTSILA 23,993 BHP 114,847 DWT BLT 06 KRS DH 12 TNKS CTD CLD OIL. 124,587 CBM WARTSILA 23,993 BHP SOLD ENBLOC FOR ABT US $42.50 MIL EACH TO GREEK BYRS 370.06 SOUTHERN SEAL 8,319 DWT BLT 00 JPN DH 14 TNKS CTD CLD OIL CAP. 8,325 CBM MITSUBISHI 4,200 BHP SOLD FOR ABT US $8 MIL TO SPORE BYRS 961.65 GAS TANKERS EMERALD STAR (LPG) 7,572 DWT BLT 92 ITL DB 3 TNKS GAS CAP. 7,393 CBM WARTSILA 7,384 BHP SOLD FOR ABT US $3,1 MIL TO PERUVIAN BYRS 409.40 XINOU 1 LINERS 6,462 DWT BLT 08 CHR 3 HO HA 413 TEU GUANGZHOU 2,801 BHP SOLD FOR AN UNDISCLOSED PRICE TO UNDISCLOSED BYRS CONTAINERS N/A NOBLE 12,583 DWT BLT 92 POL 4 HO 7 HA CR 2 x 40 T 1,012 TEU B&W 9,422 BHP SOLD FOR ABT US $6 MIL TO CHINESE BYRS 476.83 MARFRET DOUCE FRANCE 17,145 DWT BLT 04 DEU 4 HO 7 HA CR 2 x 45 T 1,208 TEU MAN-B&W 15,036 BHP SOLD FOR ABT US $19,5 MIL TO UNDISCLOSED BYRS 1137.36 SPECIAL PROJECTS SEA MARTEN (AHTS) SEA OTTER (AHTS) 1,575 DWT BLT 10 IND YANMAR 6,800 BHP 1,575 DWT BLT 07 IND BERGENS 6,512 BHP SOLD ENBLOC FOR ABT US $20.20 MIL EACH TO DUBAI BASED BYRS 12,825.40 INCL. T/C TO PETROBRAS
WEEKLY NEWBUILDING ACTIVITY Vessel Type No.of Units Dwt Price ($) per Unit P&C Invested Capital Total Dwt Ordered Bulk Carriers 4 76.000 30.000.000 0 120.000.000 304.000 3 37.000 26.000.000 0 78.000.000 111.000 Total Bulk Carriers 7 0 198.000.000 415.000 Gas Tankers 1 N/A 243.600.000 0 243.600.000 N/A Containers 2 101.500 97.000.000 0 194.000.000 203.000 10 105.000 105.000.000 0 1.050.000.000 1.050.000 Total Containers 12 1.244.000.000 1.253.000 1 N/A 1.100.000.000 0 1.100.000.000 N/A Special Projects 2 N/A 10.000.000 0 20.000.000 N/A 2 N/A 800.000.000 0 1.600.000.000 N/A Total Special Projects 5 2.720.000.000 N/A TOTAL 25 0 4.405.600.000 1.668.000 Key:/ * The total invested capital does not include deals reported with undisclosed contract price ** Deals reported as private and confidential (not revealed contract price) NEWBUILDING MARKET - ORDERS DRY BULK CARRIERS 76,000 DWT 4 units ordered by Ningbo Longsheng Shipping (PRC) at Hudong Zhonghua (PRC) Price $ 30 mil each. Dely 2012, 2013 37,000 DWT 3 units ordered by Daichi Cuo Kisen (JPN) at Hyundai Mipo (SKR) Price $ 26 mil each. Dely 2012 GAS TANKERS LNG CARRIER 145,400 CBM 1 unit ordered by NYK (JPN) at Mitsubishi Heavy Industries (JPN) Price $ 243.6 mil. Dely 2014 (288 meters in length with a beam of 49 metres and a draught of 26.8 metres, Eco-LNG carrier. The vessel will be fitted with MHI s ultra steam turbine plant, which the yard claims to offer 15% higher fuel efficiency than conventional steam turbine plants. The newbuilding has been fixed on a 15year contract with LNG Marine Transport) CONTAINERS 101,500 DWT 2 units ordered by Tsakos Shpg. & Tr. (GR) at Sungdong (SKR) Price region $ 97 mil each. Dely 02/2014, 03/2014 (8800 TEU. Biggest containerships built by this yard) ABT 105,000 DWT 9000 TEU 10 units ordered by Evergreen (TWN) at Samsung (SKR) Price region $ 105 mil each. Dely 2012, 2015 (Samsung has won the first 20 Evergreen ships in two batches of 10. The contract for the last 10 was fiercely contested between Samsung and CSBC) SPECIAL PROJECTS FPSO 1 unit ordered by BP Shipping (UK) at Hyundai (SKR) Price $ 1,1 billion. Dely 05/2016 TUG 2 units ordered by U.S. Navy (USA) at Martinac J.M. (USA) Price $ 10 mil each. Dely 09/2012 (The 90-foot-long boats have 3,600 hp w ith a propulsion system that allows the boats to move with equal agility and power in any direction. The boats have a wheelhouse with glass on all sides to take advantage of the tug s ability to perform its duties in any direction) Drillships 2 units ordered by Aker Drilling (NOR) at Daewoo Shipd & Marine Engineering (SKR) Price $ 800 mil each. Dely 2H 2013 (Dual Derrick type vessels. Aker holds options for two more ships with dely 2014 & 2015)
DEMOLITION MARKET WEEKLY DEMOLITION ACTIVITY PER VESSEL TYPE VESSEL TYPE WEEK 9-2011 WEEK 8-2011 DEMOLITION ACTIVITY Weekly change No. of Vessels in DWT No. of Vessels in DWT in No. of vessels Bulkcarriers 5 476.043 5 522.944 0% Tankers * 2 20.664 0 0 N/A Liners ** 6 74.055 2 39.298 200% Containers 1 19.974 0 0 N/A Reefers 0 0 0 0 N/A Passenger / Cruise 0 0 0 0 N/A Ro - Ro***** 0 0 0 0 N/A Car Carrier 0 0 0 0 N/A Combined *** 0 0 0 0 N/A Special Projects **** 1 6.502 0 0 #DIV/0! TOTAL 15 597.238 7 562.242 114% DEMO COUNTRY WEEKLY DEMOLITION ACTIVITY PER DEMO COUNTRY WEEK 8-2011 WEEK 8-2011 No. of Vessels in DWT No. of Vessels in DWT DEMOLITION ACTIVITY Weekly change in No. of vessels Bangladesh 0 0 0 0 N/A India 8 120.463 1 24.268 700% Pakistan 4 60.744 2 53.961 N/A China 2 413.124 3 458.589-33% Turkey 0 0 0 0 N/A Various 0 0 0 0 N/A Unknown 1 2.907 1 25.424 N/A TOTAL 15 597.238 7 562.242 114% Key: * incl. Crude Oil, Clean & Dirty Products, LPG, LNG, Chemical, Asphalt and Veg-Oil ** incl. Multi-Purpose and Tweendeckers *** incl. Bulk-Ore, Ore-Oil and Bulk-Oil Carriers **** incl. Oil & Drilling Rigs, Tugs, Livestock, Trawlers, Cable/Exploration/Navy/Support vsls **** incl. Ro-Ro Cargo, Ro-Ro Passenger DEMOLITION $/LDT & DEMO COUNTRY BC "KENRYU MARU" 215,143 DWT BLT 87 JPN 470 CHINA BC "LAMBERT MARU" 197,981 DWT BLT 86 JPN LDT 23,000 470 CHINA BC "RILA" 25,899 DWT BLT 77 BUL LDT 4,615 468 PAKISTAN INCL. 750T BUNKERS BC "SEASTAR" 20,850 DWT BLT 78 JPN LDT 5,223 455 PAKISTAN CONTAINER "MSC SHAULA" 19,974 DWT BLT 77 DEN LDT 8,996 452 INDIA LINER "SEAWAY NO. 6" 17,850 DWT BLT 89 GDR LDT 8,840 452 INDIA LINER "SEAWAY NO. 5" 16,979 DWT BLT 91 BUL LDT 6,810 445 INDIA BC "QATAR SADIQ" 16,170 DWT BLT 78 JPN LDT 5,960 475 INDIA
LINER "ELEANA" 15,642 DWT BLT 81 YUG LDT 6,284 503 INDIA TNK "TAURUS" 14,859 DWT BLT 86 JPN LDT 4,430 N/A INDIA LINER "LAUTAN ARAFURA" 12,487 DWT BLT 79 GFR LDT 5,691 448 INDIA LINER "JAIKUR II" 8,190 DWT BLT 77 GFR LDT 2,940 N/A PAKISTAN HEAVYLIFT "FAIRMAST" 6,502 DWT BLT 83 NTH LDT 3,966 434 INDIA ASIS SPORE INCL. 200T BUNKERS ROB AND SOME ALUMINUM TNK "FARHA" 5,805 DWT BLT 73 JPN LDT 1,984 456 PAKISTAN LINER "TWIN" 2,907 DWT BLT 71 CZE LDT 1,173 292 TURKEY SHIPPING & FINANCIAL NEWS SHIPPING NEWS previous FRIDAY MON TUES WED THUR actual change % weekly actual change % change Week 9 week 25/2/2011 28/2/2011 1/3/2011 2/3/2011 3/3/2011 of the week change since 4/1/2011since 4/1/2011 2010 DRY INDICES BDI 1.242 1.245 1.251 1.262 1.281 1.317 75 6,04% -376-22,21% 3.121 Handy 686 688 696 700 703 703 17 2,48% -104-12,89% 1.223 BHSI TC AVERAGE 10.175 10.215 10.341 10.411 10.452 10.460 285 2,80% -1.345-11,39% 17.902 Supramax 1.362 1.385 1.398 1.418 1.435 1.454 92 6,75% 33 2,32% 2.429 BSI TC AVERAGE 14.242 14.483 14.616 14.827 15.008 15.202 960 6,74% 342 2,30% 25.397 Panamax 1.813 1.812 1.820 1.829 1.858 1.929 116 6,40% 131 7,29% 3.887 BPI TCAVERAGE 14.533 14.530 14.591 14.667 14.896 15.478 945 6,50% 1.166 8,15% 31.271 Capesize 1.319 1.315 1.310 1.314 1.337 1.390 71 5,38% -895-39,17% 3.721 BCI TC AVERAGE 4.827 4.653 4.567 4.591 4.797 5.277 450 9,32% -13.420-71,78% 35.437 WET INDICES BCTI 689 709 724 749 760 781 92 13,35% 125 19,69% 772 BDTI 818 872 919 965 1.000 1.031 213 26,04% -12-1,15% 880 DOW JONES New York S+P 500 NASDAQ U.S.A. (100) CAPITAL LINK M.I. CLDBI CLTI NIKKEY-225 Tokyo FTSE-100 London XETRA DAX Frankfurt CAC-40 Paris HANG SENG Hong Kong KOSPI Seoul ATHENS GENERAL Y/$ $/GBP INR/$ $/Euro $ / troy oz $ / US Bbl FINANCIAL NEWS previous FRIDAY MON TUES WED THUR week 25/2/2011 28/2/2011 1/3/2011 2/3/2011 3/3/2011 STOCK EXCHANGE for the week % change 12.068,50 12.130,50 12.226,30 12.058,00 12.066,80 12.258,20 189,70 1,57% 1.306,10 1.319,88 1.327,22 1.306,33 1.308,44 1.330,97 24,87 1,90% 2.313,31 2.346,29 2.350,99 2.315,26 2.326,77 2.371,76 58,45 2,53% 2.035,07 2.055,86 2.062,89 2.036,44 2.050,04 2.071,79 36,72 1,80% 884,84 890,96 894,18 884,74 885,48 891,25 6,41 0,72% 2.395,50 2.419,61 2.408,10 2.374,66 2.399,33 2.409,57 14,07 0,59% 10.452,70 10.526,80 10.624,10 10.754,00 10.492,40 10.586,00 133,30 1,28% 5.919,98 7.185,17 7.272,32 7.223,30 7.181,12 7.225,96 1305,98 22,06% 7.130,50 7.185,17 7.272,32 7.223,30 7.181,12 7.225,96 95,46 1,34% 4.009,64 4.070,38 4.110,35 4.067,15 4.034,32 4.060,76 51,12 1,27% 22.601,00 23.012,40 23.338,00 23.396,40 23.048,70 23.122,40 521,40 2,31% 1.949,88 1.963,43 1.939,30 N/A 1.928,24 1.970,66 20,78 1,07% 1.599,97 1.583,20 1.576,86 1.579,85 1.569,92 1.580,67-19,30-1,21% CURRENCY EXCHANGE 81,91 81,67 81,76 81,88 81,88 82,39 0,48 0,59% 1,6138 1,6116 1,6256 1,6258 1,6326 1,6272 0,01 0,83% 45,41 45,25 45,26 44,83 44,81 44,85-0,56-1,23% 1,3803 1,3750 1,3801 1,3775 1,3863 1,3963 0,016 1,16% COMMODITIES EXCHANGE RATES 1.399,75 1.408,71 1.411,30 1.433,50 1.434,55 1.416,00 16,25 1,16% 111,36 112,14 111,80 115,42 116,35 114,79 3,43 3,08% Japanese Yen Pound Sterling Indian Ruppea Euro GOLD IPE BRENT