Sep-5 Jan-6 May-6 Sep-6 Jan-7 May-7 Sep-7 Jan-8 May-8 Sep-8 Jan-9 May-9 Sep-9 Jan-1 May-1 Sep-1 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 12 1 8 6 4 2 17-19, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece Tel: 21 96597 - Fax: 21 89964 Internet Mail: athenian(at)atheniansa(dot)gr M O N T H L Y R E P O R T Baltic Dry Index September 215 PRICES TANKERS ($ MIO) * Prices reflect Year s End 29* 21* 211* 212* 213* 214* Sep-15 VLCC 5Y 78. 87.8 55.6 56. 55.8 77.1 8 VLCC 1Y 59.5 64.3 34.1 35. 35. 52.1 55 SUEZMAX 5Y 57. 62.8 45.6 4.2 39.5 56.8 6.9 AFRAMAX 5Y 4.5 44.5 34.7 28. 27.8 41.9 45.2 AFRAMAX1Y 23.5 3.7 19.3 16.3 16.3 26.8 3 PANAMAX5Y 35.5 39. 3.9 24.3 24.3 33.4 37.6 45K 5Y D/H 23.5 27.3 25.8 23. 23.3 23.8 28.9 45K 1Y D/H 16. 19.7 15.8 15.5 15.7 15.2 2 45K 2Y 4. 6.7 6. 6.2 6.2 6.5 8 PRICES BULKERS ($ MIO) * Prices reflect Year s End 29* 21* 211* 212* 213* 214* Sep-15 CAPESIZE 5Y 54.5 57. 36.3 32. 43.9 39.5 35 CAPESIZE 1Y 45. 43. 26.8 2.5 31. 27.8 2.1 CAPESIZE 15Y 28. 26. 15.2 12.7 18.2 16.3 1.6 CAPESIZE 2Y 16.5 16.4 1.5 9.3 1.1 9. 5.3 PANAMAX 5Y 35. 38.5 26.4 18. 25.6 2.1 18 PANAMAX 1Y 27.5 31.6 18.6 12.5 17.9 14.6 12 PANAMAX 15Y 22. 23.1 12.4 8.3 12. 1. 6.4 PANAMAX 2Y 12. 13.8 8.1 5.4 7.5 5.4 4.1 SUPRAMAX 5Y 27.5 31.9 26.4 23.3 24.3 2.8 15.4
Prices (USD Mio) Price (USD) Price (USD Mio) Price (USD) 2 S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S 1. Monthly Tanker Market Trend 6 Monthly 1 Yr TC Rates 9. 8. 5 7. 6. 4 5. 3 4. 3. 2 2. 1. 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 45K 5Y D/H 45K 1Y D/H PMAX 1 Yr T/C MR 1 Yr T/C 7. Monthly Bulk Carrier Market Trend 45 Monthly 1 Yr TC Rates 6. 5. 4 35 3 4. 25 3. 2 2. 15 1 1. 5. CAPE 5Y CAPE 1Y CAPE 15Y PMAX 5Y PMAX 1Y PMAX 15Y SUPRA 5Y HMAX 5Y HMAX 1Y HMAX 15Y CAPE 1 Yr T/C SUPRA 1 Yr T/C PMAX 1 Yr T/C HMAX 1 Yr T/C
3 S E C O N D H A N D T O N N A G E M A R K E T 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 2 283 232 15 1 135 114 1 41 27 5 23 31 THIS MONTH - PREVIOUS MONTH THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market Ship Type Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Total BULK 41 34 26 34 27 41 23 TANK 21 31 21 47 31 32 183 GAS 3 4 6 1 1 15 CONT 8 17 1 19 13 12 79 TWEEN 1 5 2 1 1 1 REEF 2 1 1 4 RORO 1 2 3 FERRY CRUISE Total 76 87 63 11 74 87 497
4 Baltic Clean Tanker - Yearly 95 85 835 75 65 55 591 45 523 35 42 45 48 51 2 5 8 11 14 17 2 23 26 29 32 35 38 41 214 WEEK NO 215 Baltic Clean Tanker - Monthly 6 58 56 58 54 52 5 513 48 1/9/215 8/9/215 15/9/215 22/9/215 29/9/215 11 1 9 8 7 6 5 4 214 76 71 66 61 952 Baltic Dirty Tanker - Yearly 152 61 42 45 48 51 2 5 8 11 14 17 2 23 26 29 32 35 38 41 628 WEEK NO Baltic Dirty Tanker - Monthly 658 76 215 56 1/9/215 8/9/215 15/9/215 22/9/215 29/9/215 TANKER SALES NAME DWT BLT PRICE $ BUYER PETRO ASIA 4791 214 CHINA DH 4.8 MIO UNDISCLOSED (Via auction) CHEMICAL LIBRA 1841 212 CHINA DH 12 MIO UNDISCLOSED (Via auction) CHEMROAD VEGA 34528 23 JAPAN DH 16.3 MIO UNDISCLOSED (STST) MAERSK ELIZABETH 3726 21 CROATIA DH 13 MIO NIGERIAN STI HIGHLANDER 37145 27 KOREA DH 19.3 MIO UNDISCLOSED SINGLE 37824 27 KOREA DH 21.3 MIO ENBLOC BSS SILENT 37847 27 KOREA DH 21.3 MIO ENBLOC BSS SKY 37879 27 KOREA DH 21.3 MIO ENBLOC BSS STONE I 37889 28 KOREA DH 23.2 MIO ENBLOC BSS STEEL 37889 28 KOREA DH 23.2 MIO ENBLOC BSS STAR I 379 27 KOREA DH 21.3 MIO ENBLOC BSS STYLE 37923 28 KOREA DH 23.2 MIO HAFNIA (Price Each) HYUNDAI MIPO 47 216 KOREA DH 39 MIO UNDISCLOSED (Dely 1/16) NORD OPTIMISER 4747 27 JAPAN DH 21.1 MIO FAR EASTERN CENITO 53116 29 CHINA DH 27.5 MIO UNDISCLOSED (Ice 1A) POSILLIPO 53116 21 CHINA DH 27.5 MIO UNDISCLOSED (Ice 1A) GENMAR COMPATRIOT 72736 24 CHINA DH 22 MIO ENBLOC BSS GENMAR COMPANION 72768 24 CHINA DH 22 MIO US BASED (Price Each) ASTRO ANTARES 98876 1996 KOREA DH 12.2 MIO BAKRI CORAL SEA 15666 23 KOREA DH 31 MIO INDONESIAN (For storage) VARADA LALIMA 17176 1997 JAPAN DH 8.5 MIO GULF PETROCHEM (Via auction) ELIA 115338 26 JAPAN DH 35 MIO GREEK POWER D 31912 23 KOREA DH 45 MIO ENBLOC BSS ENERGY R 31912 23 KOREA DH 45 MIO UNDISCLOSED (Price Each)
$/Day $/Day 5 GAS SALES NAME DWT BLT CBM PRICE $ BUYER B GAS LANRICK 362 1992 GREAT BRITAIN 3215 1.5 MIO UNDISCLOSED Spot Market - Tankers VLCC SUEZMAX AFRAMAX 9 8 7 6 5 4 3 2 1 653 53 243 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Period Market - Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX 6 5 4 3 2 1 48 36 29 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15
6 Baltic Handysize 49 47 485 45 439 43 41 2 42 39 1/9/215 8/9/215 15/9/215 22/9/215 29/9/215 Baltic Supramax 1 912 9 8 783 724 7 2 6 1/9/215 8/9/215 15/9/215 22/9/215 29/9/215 Baltic Panamax 99 94 912 89 84 79 761 74 4 69 716 64 1/9/215 8/9/215 15/9/215 22/9/215 29/9/215 Baltic Capesize 23 21 296 19 224 17 15 1286 13 4 11 38 9 7 1/9/215 8/9/215 15/9/215 22/9/215 29/9/215 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER OCEAN LEAP 185 1997 JAPAN D 2X25, CR 1X2 1.6 MIO INDONESIAN ALERT 13347 1999 JAPAN CR 2X3 2.3 MIO ALL CARGO SIR ALBERT 15962 1997 CHINA CR 3X3 2.3 MIO EGYPTIAN VAN ORCHID 28341 29 JAPAN CR 4X3 9.5 MIO UNDISCLOSED BREEZE ISLAND 28367 211 JAPAN CR 4X3 1.2 MIO GREEK LILJA BULKER 28481 23 JAPAN CR 4X3 6.5 MIO VIETNAMESE ECO VANGUARD 28492 21 JAPAN CR 4X3 6.2 MIO TAN BINH ORIENTE CREST 29738 23 JAPAN CR 4X3 6.9 MIO UNDISCLOSED EMILIE 298 21 CHINA CR 3X3 13.35 MIO ENBLOC BSS HELOISE 3688 21 CHINA CR 3X3 13.35 MIO CANFORNAV (Price each. Bank controlled) KWELA 32474 22 JAPAN CR 4X3 6.8 MIO UNDISCLOSED BORAK 1 4398 1994 KOREA CR 4X25 2.65 MIO UNDISCLOSED (DD ODue) DS COMMANDER 45518 1994 JAPAN CR 4X25 3.4 MIO GREEK SIMON SCHULTE 46489 1996 JAPAN CR 4X3 3.9 MIO UNDISCLOSED MARATHA 47574 1995 JAPAN CR 4X3 3.8 MIO UNDISCLOSED PROVIDENCE TALENT 47574 1996 JAPAN CR 4X3 3.9 MIO UNDISCLOSED AETOS 48893 21 JAPAN CR 4X3 5.5 MIO GREEK (Via auction) OCEAN CHIE 5237 23 JAPAN CR 4X3 7.5 MIO UNDISCLOSED LATMAR 52827 21 JAPAN CR 4X3 4 MIO TURKISH (Via auction, Survey ODue) SANTA FE 53553 21 JAPAN CR 4X3 4.25 MIO GREEK (SS Due) LAN HAI LIAN HE 5676 211 CHINA CR 4X3 8.9 MIO ENBLOC BSS LAN HAI YING XIN 56763 211 CHINA CR 4X3 9 MIO ENBLOC BSS
$/Day $/Day 7 LAN HAI QIAN JIN 56795 211 CHINA CR 4X3 9 MIO ENBLOC BSS LAN HAI YANG FAN 57155 21 CHINA CR 4X3 5.6 MIO ENBLOC BSS LAN HAI DONG FENG 5719 21 CHINA CR 4X3 5.6 MIO ENBLOC BSS LAN HAI XU RI 79366 211 CHINA GLESS 1 MIO ENBLOC BSS LAN HAI YANG GUANG 79412 211 CHINA GLESS 1 MIO ENBLOC BSS LAN HAI ZHAO YANG 79659 211 CHINA GLESS 1 MIO GREEK (Price Each) RUI LEE 56928 211 CHINA CR 4X36 11.6 MIO GREEK (Via auction) SKOMVAER 58 21 CHINA CR 4X35 13 MIO GREEK TENNEI MARU 58743 29 CHINA CR 4X3 14.1 MIO FAR EASTERN NEWLEAD MARKELA 71749 199 JAPAN GLESS 3.2 MIO DUBAI BASED DAEBO TRADERQ 7387 22 JAPAN GLESS 7.5 MIO GREEK TORM ANHOLT 74195 24 JAPAN GLESS 9.1 MIO ENBLOC BSS TORM BONHOLM 75912 24 JAPAN GLESS 9.1 MIO GREEK (Price Each) FU MAY 7615 22 JAPAN GLESS 8 MIO UNDISCLOSED NEW AGILITY 76623 21 JAPAN GLESS 6.8 MIO S KOREAN UNITED JOURNEY 8258 29 JAPAN GLESS 18 MIO GREEK UNITED TRASURE 82926 26 JAPAN GLESS 15.8 MIO ZIHNI BULK INDIA 17764 24 JAPAN GLESS 17.6 MIO GREEK BAO ZHU HAI 1831 24 JAPAN GLESS 18.6 MIO WINNING 3 25 2 15 1 5 Spot Market - Bulkers 163 8 65 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 CAPESIZE PANAMAX HANDYMAX 19 17 15 13 11 9 7 5 Period Market - Bulkers 1 Year T/C 1175 875 8 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 CAPE PMAX HANDYMAX
8 CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER STAR JUPITER 7977 22 GERMANY GLESS 735 3.6 MIO CONMAR JORK RANGER 9288 25 NETHERLANDS GLESS 83 5 MIO UNDISCLOSED EL TORO 13633 26 CHINA CR 2X45 1114 6.5 MIO GERMAN (Incl TC til 2-4/16) CAPE FALSTER 16397 25 GERMANY GLESS 12 7.5 MIO ENBLOC BSS CAPE FRASER 1643 25 GERMANY GLESS 12 7.5 MIO GREEK (Price Each) ANNITA L 16439 24 GERMANY GLESS 12 7.5 MIO FREEDOM SKY EVOLUTION 17781 1996 JAPAN GLESS 132 4 MIO FAR EASTERN ASIAN GYRO 1855 21 JAPAN GLESS 132 6 MIO UNDISCLOSED PONENTE 22967 22 POLAND CR 3X4 173 7.5 MIO ENBLOC BSS PORTOFINO 22967 22 POLAND CR 3X4 173 7.5 MIO ATLANTICA (Price Each) E.R. MALMO 39338 25 KOREA GLESS 2824 13.9 MIO KOREAN LINTON 51247 212 KOREA GLESS 44 25 MIO UNDISCLOSED MPP/TWEEN SALES NAME DWT BLT GEAR TEU PRICE $ BUYER COPERNICO 8647 1993 BULGARIA CR 2X4 481 1.2 MIO MID EASTERN COMBO SALES NAME DWT BLT GEAR PRICE $ BUYER ELISABETH M 319869 21 KOREA CR 6X3 * ENBLOC BSS ABBY 319869 21 KOREA CR 6X3 * ENBLOC BSS ROSEY R 319869 211 KOREA CR 6X3 195 MIO GREEK (Ttl price)
$m $m 9 N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C TS Tanker Prices VLCC Suezmax Aframax MR Bulker Prices Capesize Panamax Handymax Handysize 12 1 95.6 8 64.4 6 53 4 35.5 2 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 7 6 5 48.2 4 3 26.1 24.7 2 2.5 1 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Ship Type 215 216 217+ Total Capesize 82 155 42 279 Panamax 13 156 62 348 Supra/Hmax 23 325 82 637 Handies 122 185 95 42 Total 564 821 281 1666 Ship Type 215 216 217+ Total ULCC/VLCC 12 61 52 125 Suezmax 3 39 5 92 Aframax 18 56 64 138 Panamax 3 3 22 55 MR+Small 17 212 86 45 Total 143 398 274 815 Ship Type 215 216 217+ Total VLGC 18 53 1 81 LGC 2 2 MR 5 31 28 64 Handy 11 21 6 38 Small 1 1 11 Total 44 18 44 196
m. dwt m. dwt No. of Vessels m. dwt 1 Newbuilding Sales 1 9 8 7 6 5 4 3 2 1 395 885 214 142 66 128 Tankers >1, dwt Bulkers >1, dwt Containerships 24 15 213 214 Sep-15 167 Delivery Schedule Bulkers >1, dwt. Tankers >1, dwt 8 7 66.9 6 5 43.7 4.5 4 36.2 3 22.8 2 1.8 1 Sep-15 216 217+ 4 35 3 25 2 15 1 5 VLCC Aframax Products 37.8 14.7 15.9 15.5 4.1 September 215 Tanker Newbuildings on Order Suezmax Panamax Bulker Newbuildings on Order Capesize Panamax Handymax Handysize 6 52.4 5 38.5 4 28.3 3 14.1 2 1 September 215 Newbuilding Historical Prices ($m) Tankers Sep-15 214 213 212 211 21 29 28 27 25 1995 199 1985 31, DWT 1 95.6 97.3 93.8 93.2 98.9 14.8 97.5 15 145 12 85.3 87.4 2 38.2 17, DWT 1 64.4 65.5 59.6 57.1 6.3 66.3 61 9 9 71.5 54 66.1 2 28.2 11, DWT 1 53 53.6 52.2 48.5 52.2 56 49.5 74 72 58 43.3 53.2 2 18.1 47, DWT 1 35.5 36.8 34.6 33.8 35.2 36.1 35 46.5 52 43 33.2 3 32.1 3 13.3 Bulkers 18, DWT 1 48.2 54.2 53.6 45.7 48.4 57.2 55.5 87 96 58.5 42.3 6.2 29.3 73, DWT 1 26.1 29 27.8 25.6 28.7 34.3 34.5 45.5 54 36 27.9 3 13.4 45, DWT 24.7 27.2 26.5 23.7 26.7 31.1 29 41 47.5 31 24.1 25.3 12.4 29, DWT 2.5 22.8 22.2 2.5 22.2 26.3 24.5 31 34 25.5 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 (note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)
11 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Asp. & Bit. 75 CSC Qingshan SY 217 Xin Yuan Ocean Asp. & Bit. 75 CSC Qingshan SY 217 Xin Yuan Ocean Bulk 294 Uljanik Brod. 218 Algoma Central Corp. Bulk 294 Uljanik Brod. 218 Algoma Central Corp. Bulk 294 Uljanik Brod. 218 Algoma Central Corp. Bulk 34 Namura Shipbuilding 218 22 Wisdom Marine Group Bulk 34 Namura Shipbuilding 218 22 Wisdom Marine Group Container 23 Shanghai Waigaoqiao 218 139.5 COSCON Container 23 Shanghai Waigaoqiao 218 139.5 COSCON Container 23 Shanghai Waigaoqiao 218 139.5 COSCON Container 225 Nantong COSCO KHI 218 135.3 COSCON Container 225 Nantong COSCO KHI 218 135.3 COSCON Container 225 Nantong COSCO KHI 218 135.3 COSCON Container 225 Nantong COSCO KHI 218 135.3 COSCON Container 225 Dalian COSCO KHI 218 135.3 COSCON Container 225 Dalian COSCO KHI 218 135.3 COSCON Container 23 Dalian Shipbuilding 218 139.5 COSCON Container 23 Dalian Shipbuilding 218 139.5 COSCON Container 15 Imabari SB Marugame 219 Shoei Kisen Kaisha Container 15 Imabari SB Marugame 218 Shoei Kisen Kaisha Container 15 Imabari SB Marugame 218 Shoei Kisen Kaisha Container 15 Hyundai Mipo 218 25 Nam Sung Shipping Co. Container 15 Hyundai Mipo 218 25 Nam Sung Shipping Co. L.N.G. 87 Kawasaki HI Sakaide 218 MOL & Chubu L.N.G. 95 MHI Nagasaki 218 MOL & Chubu L.N.G. 87 Kawasaki HI Sakaide 218 Trans Pacific Shpg L.N.G. 95 MHI Nagasaki 218 Trans Pacific Shpg L.P.G. 285 Hyundai Mipo 217 Unknown L.P.G. 285 Hyundai Mipo 217 Unknown L.P.G. 285 Hyundai Mipo 217 Unknown L.P.G. 285 Hyundai Mipo 217 Unknown L.P.G. 285 Hyundai Mipo 218 Unknown Option L.P.G. 285 Hyundai Mipo 218 Unknown Option L.P.G. 28 Hyundai HI 217 Unknown L.P.G. 51 Daewoo (DSME) 217 Unknown L.P.G. 51 Daewoo (DSME) 217 Unknown Livestock 137 Uljanik Brod. 217 Livestock Transport Ore 24 Imabari SB Saijo 218 Mitsui O.S.K. Lines Ore 24 Imabari SB Saijo 218 Mitsui O.S.K. Lines Ore 24 Imabari SB Saijo 218 Mitsui O.S.K. Lines Ore 24 Imabari SB Saijo 218 Nippon Yusen Kaisha Ore 24 Imabari SB Saijo 219 Nippon Yusen Kaisha Ore 25 Namura Shipbuilding 218 K-Line Ore 25 Namura Shipbuilding 218 K-Line Ore 25 Namura Shipbuilding 218 NS United KK Ore 25 Namura Shipbuilding 219 NS United KK Pass/Car F. Taizhou Kouan SB 216 Guangdong Shuangtai Pass/Car F. Taizhou Kouan SB 216 Guangdong Shuangtai PCC 28 Hyundai Mipo 218 71.35 Cido Shipping PCC 28 Hyundai Mipo 218 71.35 Cido Shipping PCC 28 Hyundai Mipo 218 71.35 Cido Shipping PCC 3 Hyundai Mipo 218 77.75 Unknown PCC 3 Hyundai Mipo 218 77.75 Unknown PCC 3 Hyundai Mipo 219 77.75 Unknown Option PCC 3 Hyundai Mipo 219 77.75 Unknown Option Products 74 Hyundai Mipo 218 Sinokor Merchant Products 74 Hyundai Mipo 218 Sinokor Merchant Products 111 New Times SB 217 Frontline 212 Products 111 New Times SB 217 Frontline 212 Products 74 STX SB (Jinhae) 217 Andriaki Shipping Co. Products 74 STX SB (Jinhae) 217 Andriaki Shipping Co.
12 Products 74 STX SB (Jinhae) 218 Andriaki Shipping Co. Option Products 74 STX SB (Jinhae) 218 Andriaki Shipping Co. Option Products 75 Hyundai Vinashin 218 44 D'amico Soc. Di Nav. Products 75 Hyundai Vinashin 218 44 D'amico Soc. Di Nav. Products 73 Krasnoye Somovo 216 VF Tanker Products 73 Krasnoye Somovo 216 VF Tanker Products 73 Okskaya Shipyard 216 VF Tanker Products 73 Okskaya Shipyard 216 VF Tanker Products/MPP 5475 Okskaya Shipyard 216 VF Tanker Products/MPP 5475 Okskaya Shipyard 216 VF Tanker Ropax 35 Shandong Huanghai SB 217 Bohai Ferry Roro 28 Hyundai Mipo 217 Unknown Roro 28 Hyundai Mipo 217 Unknown Roro 28 Hyundai Mipo 218 Unknown Option Roro 28 Hyundai Mipo 218 Unknown Option Roro 28 Hyundai Mipo 218 Unknown Option Tanker 15858 Hyundai Samho HI 217 Thenamaris Tanker 15858 Hyundai Samho HI 217 Thenamaris Tanker 16 JMU Kure Shipyard 218 Kyklades Maritime
Million dwt USD/ton USD/ton 13 Demolition Historical Data D E M O L I T I O N M A R K E T Demolition Prices Gen Cargo Tanker India USD 325 /lt Ldt USD 34 /lt Ldt Bangladesh USD 315 /lt Ldt USD 325 /lt Ldt Pakistan USD 32 /lt Ldt USD 335 /lt Ldt China USD 17 /lt Ldt USD 185 /lt Ldt 58 53 48 43 38 33 28 23 18 58 53 48 43 38 33 28 23 18 6 5 4 3 2 1 41 38 395 415 Price Tankers* 212 213 39 38 315 32 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices 39 36 38 45 Price Bulkers* 37 355 295 295 34 325 214 215 212 213 214 215 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *India month's end prices 13.4 27 28.65 26.9 38 25.6 14.5 4.9 2.35 4.6 3.8 Total Demolition (Dwt) 15.9 16.7 18.9 15.5 18 15.6 3.5 28.428.5 25 27 22.4 1 5.5 6.5 5 12 31.58 28.9 25.7 5.3 41.8 33.3 27.5 * Bss reported sales
USD/ton 14 6 Historical Demolition Prices (India Year's End) 5 4 3 2 TANKERS BULKERS Avg. Trend 1 HISTORICAL DEMOLITION PRICES (*Indian Year s End) 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 CURR. TANK 172 115 136 174 135 174 262 362 32 45 57 287 338 485 482 45 435 425 34 BULK 152 112 143 17 135 181 267 381 332 392 472 268 328 437 456 375 41 4 325 India TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK PRINCESS MARIA 37 1986 7282 328 BULK MATSUREN 3612 1997 11442 34 BULK MARIA STAR 41499 1995 9554 33 Incl 25T ROB BULK REIS-G 41938 1986 8278 325 BULK SEA TRADER 69338 199 9511 314 As is Spore incl 15T ROB BULK HUI PING 69562 1994 9686 34 Incl 8T ROB BULK WEI FONG 745 1994 12411 325 BULK PREVENTER 7162 199 9411 331 Incl 25T ROB BULK TSUNOMINE 156818 2 1939 34 CONT KOLLMAR 2154 1993 839 37 INCL 6T ROB CONT CHINA STAR 4723 199 14465 365 RORO ARAHURA 2457 1983 6977 225 As is Wellington (New Zealand) Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK ARCA EMERALD 1328 1984 1743 357 BULK OCEAN 8 7677 1995 1941 3 BULK ANANGEL PRIDE 161643 1993 1946 38 CONT HYUNDAI GARNET 66618 1995 21468 368 RORO MARINE ROAD 526 1992 6226 33 TANK RALDA 31543 1981 881 35 China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK CHANG BAI SHAN 39 1986 9147 125
15 Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK DUNFENG MANILA 154249 1994 19822 33 TANK REBEKKA N 249378 199 36615 325 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 AQUAGRACE 16715 1997 21743 33 As is Singapore CONT EVER RESULT 58912 1997 19925 352 As is Thailand
USD/ton USD/ton 16 H I S T O R I C A L B U N K E R P R I C E S 8 7 6 5 4 3 2 1 Bunkers Cost (38 cst) Rotterdam Fujeirah Houston Average Trend 12 1 8 6 4 2 Bunkers Cost (MGO) Rotterdam Fujeirah Houston Average Trend HISTORICAL BUNKER PRICES Rotterdam Fujeirah Houston 38 cst MGO 38 cst MGO 38 cst MGO 1992 83 161.9 81.5 28.2 78.4 165.2 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 Sep-15 211 427 238 58 211 457
$/Barrel USD-EUR USD-JPY 17 M A R K E T I N D I C A T O R S 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 16. 14. 12. 1. 8. 6. 4. 2.. Brent Oil GBP CAD EUR JPY CHF USD AUD GBP 1.49163.74133.551.67812.65934.45998 CAD 2.3339 1 1.576.112 1.3792 1.349.93545 EUR 1.3486.6631 1.743.91465.88931.6244 JPY 181.6 89.29 134.65 1 123.16 119.75 83.55 CHF 1.4742.72484 1.934.812 1.9721.67817 USD 1.51644.74564 1.12432.835 1.2843 1.69763 AUD 2.17314 1.6854 1.61132.1197 1.47379 1.4335 1 * 3/9/215 values
18 S T O C K W A T C H NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW Capital Product Partners CPLP 5.94 6.85-13.3 1.14 5.56 Diana Shipping Inc. DSX 6.43 6.73-4.5 9.27 5.93 Dryships Inc. DRYS.16.44-63.9 2.58.16 Dynagas LNG Partners LP DLNG 12.81 14.74-13.1 24.1 11.3 Eagle Bulk Shipping Inc. EGLE 5.87 6.51-9.8 17.49 5.53 Euroseas Ltd. ESEA 4.95 5.37-7.8 11.5 4.8 Freeseas Inc. FREE.15.38-6.3 13.88.13 Costamare Inc. CMRE 11.66 14.8-21.2 22.75 11.59 Goldenport Holdings Inc. GPRT 97.92 128.83-24 362. 97. Navios Maritime Holdings NM 2.55 2.76-7.6 6.34 2.48 GasLog Ltd. GLOG 9.22 13.97-34 23.84 8.69 Paragon Shipping Inc. PRGN.34.65-47.7 4.2.32 Safe Bulkers Inc. SB 2.82 3.26-13.5 7.28 2.7 Star Bulk Carriers Corp. SBLK 2.9 2.33-1.3 11.43 2. Stealthgas Inc. GASS 4.32 4.9-11.8 9.27 4.1 TEN Inc. TNP 7.81 7.66 2 1.5 4.75 TOP Ships Inc. TOPS.93 1.4-1.6 1.99.79 Box Ships Inc. TEU.48.7-31.4 1.3.45 Diana Containerships Inc. DCIX 1.27 1.74-27 2.7 1.22 Danaos Corporation DAC 6.42 5.97 7.5 6.7 3.96 Aegean Marine Petroleum ANW 6.54 7.95-17.7 15.71 6.46 * 29/9/215 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,