6000 8000 ATHENIAN SHIPBROKERS...
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ATHENIAN SHIPBROKERS S.A. 107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece Tel: 210 9659700 - Fax: 210 8996040 Internet Mail [email protected] October 2010 Monthly Report 0 2000 4000 6000 8000 10000 12000 Oct-00 Jan-01 Apr-01 Jul-01 Oct-01 Jan-02 Apr-02 Jul-02 Oct-02 Jan-03 Apr-03 Jul-03 Oct-03 Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Apr-05 Jul-05 Oct-05 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Baltic Dry Index PRICES TANKERS ($ MIO) 2005 2006 2007 2008 2009 Oct-10 VLCC 5Y 117 117,2 136 155,8 78 93,2 VLCC 10Y 90 95,8 114,5 131 59,5 68,1 SUEZMAX 5Y 75,3 81 95,5 106 57 65,3 AFRAMAX 5Y 63 65,3 70 76,8 40,5 46,5 AFRAMAX10Y 53,9 51,8 60 64,7 23,5 32,3 PANAMAX5Y 48,1 55,5 60,4 61 35,5 40,1 45K 5Y D/H 46,8 47,3 53 52,7 23,5 28,7 45K 10Y D/H 38 38,9 44,7 43,2 16 21 45K 20Y 10,1 13,2 12,8 16 4 6,7 PRICES BULKERS ($ MIO) 2005 2006 2007 2008 2009 Oct-10 CAPESIZE 5Y 56,8 81,2 148 45,5 54,5 55 CAPESIZE 10Y 38,2 61,8 103 30 45 41 CAPESIZE 15Y 28,2 43 88,5 21 28 24 CAPESIZE 20Y 18,5 21,3 60 79 16,5 15 PANAMAX 5Y 29,4 45,4 89 25,5 35 39,5 PANAMAX 10Y 23,8 37 71,5 19 27,5 31 PANAMAX 15Y 18,5 27,7 61 12,5 22 23,5 PANAMAX 20Y 10,6 16,1 44 9,2 12 14 SUPRAMAX 5Y 25,4 40 74,5 24 27,5 33 HANDYMAX10Y 20,7 32 60,5 18,2 22 25,5 HANDYMAX15Y 16,5 22,1 46 13 17,5 20,5 HANDYMAX20Y 10,1 15,4 36 7,4 11 12,5
Transcript of 6000 8000 ATHENIAN SHIPBROKERS...
ATHENIAN SHIPBROKERS S.A.
107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece Tel: 210 9659700 - Fax: 210 8996040 Internet Mail [email protected]
October 2010
Monthly Report
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Baltic Dry Index
PRICES TANKERS ($ MIO)
2005 2006 2007 2008 2009 Oct-10
VLCC 5Y 117 117,2 136 155,8 78 93,2
VLCC 10Y 90 95,8 114,5 131 59,5 68,1
SUEZMAX 5Y 75,3 81 95,5 106 57 65,3
AFRAMAX 5Y 63 65,3 70 76,8 40,5 46,5
AFRAMAX10Y 53,9 51,8 60 64,7 23,5 32,3
PANAMAX5Y 48,1 55,5 60,4 61 35,5 40,1
45K 5Y D/H 46,8 47,3 53 52,7 23,5 28,7
45K 10Y D/H 38 38,9 44,7 43,2 16 21
45K 20Y 10,1 13,2 12,8 16 4 6,7
PRICES BULKERS ($ MIO)
2005 2006 2007 2008 2009 Oct-10
CAPESIZE 5Y 56,8 81,2 148 45,5 54,5 55
CAPESIZE 10Y 38,2 61,8 103 30 45 41
CAPESIZE 15Y 28,2 43 88,5 21 28 24
CAPESIZE 20Y 18,5 21,3 60 79 16,5 15
PANAMAX 5Y 29,4 45,4 89 25,5 35 39,5
PANAMAX 10Y 23,8 37 71,5 19 27,5 31
PANAMAX 15Y 18,5 27,7 61 12,5 22 23,5
PANAMAX 20Y 10,6 16,1 44 9,2 12 14
SUPRAMAX 5Y 25,4 40 74,5 24 27,5 33
HANDYMAX10Y 20,7 32 60,5 18,2 22 25,5
HANDYMAX15Y 16,5 22,1 46 13 17,5 20,5
HANDYMAX20Y 10,1 15,4 36 7,4 11 12,5
ATHENIAN SHIPBROKERS S.A.
2
*Excluding demolition sales
Sale and Purchase Market - Second Hand units
Ship Type May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Total
BULK 41 45 31 32 52 53 254
TANK 30 13 22 23 21 29 138
GAS 0 2 1 1 0 2 6
CONT 17 16 14 3 18 12 80
TWEEN 8 1 1 3 6 0 19
REEF 0 0 1 1 0 1 3
RORO 1 3 3 2 2 0 11
FERRY 2 1 1 1 3 1 9
CRUISE 0 0 0 1 0 0 1
Total 99 81 74 67 102 98 521
122
29
115
21
0
40
80
120
160
THIS MONTH - PREVIOUS MONTH
S&P Activity - Tankers(<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH AV/BLE
PREVIOUS MONTH SALES
337
51
361
52
0
100
200
300
400
500
600
THIS MONTH - PREVIOUS MONTH
S&P Activity Dry(<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH AV/BLE FOR SALE"
PREVIOUS MONTH SALES
Second Hand Tonnage Market
ATHENIAN SHIPBROKERS S.A.
3
TANKER SALES
447
630
893
678
639
826
665
300
400
500
600
700
800
900
1000
44 47 50 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43
WEEK NO
Baltic Clean Tanker - Yearly
2009 2010
692
1195
931
1110
813
689
350
450
550
650
750
850
950
1050
1150
1250
44 47 50 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43
WEEK NO
Baltic Dirty Tanker - Yearly
2009 2010
611 619
632
500
520
540
560
580
600
620
640
660
680
700
01/10/2010 08/10/2010 15/10/2010 22/10/2010 29/10/2010
Baltic Clean Tanker - Monthly
689
753
729 731
600
620
640
660
680
700
720
740
760
780
800
01/10/2010 08/10/2010 15/10/2010 22/10/2010 29/10/2010
Baltic Dirty Tanker - Monthly
NAME DWT BLT PRICE $ BUYER
GLOBAL HILDA 9141 1993 JAPAN DH 4.3 MIO UNDISCLOSED TJORE OLIVIA 9250 2008 CHINA DH 7.5 MIO MIDDLE EASTERN GOLDEN GEORGIA 16337 1996 JAPAN DH 6 MIO UNDISCLOSED SHINTOKU 18523 1996 JAPAN DH 7.5 MIO FAR EASTERN ARISTIDIS 37582 2006 KOREA DH 32.5 MIO US LISTED TROITSK 40727 1996 CROATIA DH 12.5 MIO CHAMPION, NORWAY TIKHVIN 40727 1996 CROATIA DH 12.5 MIO CHAMPION, NORWAY BATAVIA 41430 1992 JAPAN DH 6.3 MIO CHINESE
SALAMINA 45425 1991 JAPAN DH 7.8 MIO ENBLOC BSS▼ KASTELORIZO 45425 1991 JAPAN DH 7.3 MIO ENBLOC BSS▼ FOLEGANDROS 45425 1992 JAPAN DH 7.2 MIO UNDISCLOSED
FAITHFUL 45720 1992 JAPAN DH 6.25 MIO UK BASED, TRAFIGURA DAUNTLESS 46168 1999 KOREA DH 20 MIO UNDISCLOSED DOUBTLESS 47076 1991 KOREA DH 7 MIO GREEK SPOTLESS 47084 1991 KOREA DH 7 MIO GREEK
PINK SANDS 93891 1993 JAPAN DH 12.5 MIO GREEK (INCL TC TILL 1/2011 AT USD
27.450 PD) MORNING GLORY III 98743 1996 JAPAN DH 14 MIO GREEK PROMISE 106680 1991 YUGOSLAVIA DB 9 MIO UNDISCLOSED DREPANOS 107500 2010 JAPAN DH 60 MIO BRIGHT OIL, CHINA LANIA 248050 1990 JAPAN 14 MIO FAR EASTERN HYUNDAI STAR 281119 1995 KOREA 20 MIO UNDISCLOSED HAMA STAR 301550 1994 KOREA 20 MIO UNDISCLOSED
GENMAR VICTORY 312638 2001 KOREA DH 72 MIO ENBLOC BSS▼ GENMAR VISION 312679 2001 KOREA DH 72 MIO PARETO, NORWAY
ARDENNE VENTURE 318000 2004 KOREA DH 89 MIO UNDISCLOSED
ATHENIAN SHIPBROKERS S.A.
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GAS SALES
NAME DWT BLT CBM PRICE $ BUYER
LOEX 6625 2001 JAPAN 7223 16.3 MIO GREEK (TC BACK 2-3 YRS AT 370K PM)
11580
22000
138003500
13500
23500
33500
43500
53500
63500
73500
Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10
$/D
ay
Spot Market - TankersVLCC
SUEZMAX
AFRAMAX
29800
26700
17900
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
ATHENIAN SHIPBROKERS S.A.
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BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
STELLA MOON 2950 2009 BANGLADESH 2.4 MIO UNDISCLOSED MARIA 4470 1992 TURKEY CR 2X25 2.1 MIO UNDISCLOSED
SUNNY HEART 9998 2000 JAPAN CR 1X60, CR
2X31, D 1X30 9 MIO TAIWANESE
PRINSENBORG 16740 2003 CHINA CR 3X35 16 MIO GREEK BUYERS
CAPE HOWE 17493 1992 GERMANY CR 3X40 * ENBLOC BSS▼ CAPE HUDSON 17493 1992 GERMANY CR 3X40 * ENBLOC BSS▼ CAPE HASTINGS 17493 1994 GERMANY CR 2X40, 1X60 * ENBLOC BSS▼ CAPE HOBART 17546 1993 GERMANY CR 2X40, 1X60 40 MIO SINGAPOREAN
ZENOBIA 21339 1984 JAPAN CR 3X25,
D1X25 4.59 MIO UNDISCLOSED
KASTOR P 22713 1983 JAPAN CR 4X25 5 MIO UNDISCLOSED WILLIAM 23829 1995 JAPAN CR 4X30 14 MIO UNDISCLOSED ABEER 23911 1984 JAPAN CR 3X25 5.5 MIO TURKISH SUPERTRAMP 24228 1996 JAPAN CR 3X31 15 MIO UNDISCLOSED SEVEN SEAS 24290 1996 JAPAN CR 4X30.5 14 MIO TURKISH
THOR CONFIDENCE 24900 1983 GERMANY CR 5X25 4 MIO DUBAI CLIPPER MERMAID 27105 2001 CHINA CR 4X30 19 MIO UNDISCLOSED AVALON 27917 1995 JAPAN CR 4X30 14.5 MIO UNDISCLOSED PLATYTERA 28358 1987 JAPAN CR 4X25 9.5 MIO TURKISH BASIC RELIANCE 29887 2002 JAPAN CR 4X30 23 MIO TURKISH PANTANASSA 31774 1983 JAPAN CR 4X25 5.5 MIO CHINESE CIELO DI VAIANO 31962 1998 JAPAN CR 4X30 21 MIO UNDISCLOSED NEW SAILING STAR 32000 2010 CHINA 24.5 MIO UNDISCLOSED
1041
1006950
700
750
800
850
900
950
1000
1050
1100
1150
01/10/2010 08/10/2010 15/10/2010 22/10/2010 29/10/2010
Baltic Handysize
2
1853
1905
1791
1400
1500
1600
1700
1800
1900
2000
2100
01/10/2010 08/10/2010 15/10/2010 22/10/2010 29/10/2010
Baltic Supramax
2
3032
3394
29282719
1500
2000
2500
3000
3500
4000
01/10/2010 08/10/2010 15/10/2010 22/10/2010 29/10/2010
Baltic Panamax
43509
4055
4345 4461
3000
3200
3400
3600
3800
4000
4200
4400
4600
4800
5000
01/10/2010 08/10/2010 15/10/2010 22/10/2010 29/10/2010
Baltic Capesize
44 4438
ATHENIAN SHIPBROKERS S.A.
6
BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
ORBIT 32961 1981 JAPAN CR 5X25 4.5 MIO BAGLADESHI RUBY STAR 34000 2010 KOREA CR 4X30 33 MIO S.KOREAN SUPER STAR 34250 2009 KOREA 32.75 MIO UNDISCLOSED SMART 36205 1982 JAPAN CR 4X25 6 MIO UNDISCLOSED ARISTON 37052 1984 JAPAN CR 4X25 7.5 MIO GREEK NIRMAL SANGEETA 37599 1982 CHINA CR 5X25 4.7 MIO CHINESE
POLYCHRONIS 37648 1980 RUSSIA CR 5X20 5.8 MIO UNDISCLOSED LUCKY B 37994 1983 JAPAN CR 4X25 6.8 MIO CHINESE GENERAL GROT-ROWECKI 38498 1985 BULGARIA CR 4X25 3.6 MIO DUBAI ALBATROSS 40507 1981 JAPAN CR 5X25 5.25 MIO UNDISCLOSED ASSIMINA 41096 1984 JAPAN CR 4X25 9.2 MIO UNDISCLOSED SUNNY SUCCESS 42203 1991 JAPAN CR 4X25 16.5 MIO UNDISCLOSED PHUC HAI SUN 44969 1983 JAPAN CR 4X15 5.8 MIO UNDISCLOSED
HAONING GLORY 45208 1994 JAPAN CR 4X25 21.7 MIO UNDISCLOSED (AUCTION IN HONG KONG)
SOVI R 45621 1998 JAPAN CR 4X30 25.3 MIO GREEK KING HALO 53490 2005 JAPAN CR 4X30.5 32.5 MIO GREEK THOMAS SELMER 57000 2011 CHINA CR 4X30 32 MIO UNDISCLOSED EAST SUNRISE 28 61748 1984 JAPAN 9.3 MIO GREEK BUYERS NATALIE 64911 1987 JAPAN 6.25 MIO UNDISCLOSED SWIFT FORCE 65862 1982 JAPAN GLESS 6.4 MIO UNDISCLOSED AUGUSTA 69053 1996 JAPAN 25 MIO FAR EASTERN
VANESSA OLDENDORFF 69087 1994 JAPAN CR 3X4 20.75 MIO MERCATOR, SINGAPORE (INCL BBB AT USD 12.000 PD FOR 3 YEARS)
PELAGIA 71741 1995 JAPAN 24.5 MIO INDIAN KONMAX 72270 2000 JAPAN 31.5 MIO UNDISCLOSED GREAT CENTURY 73747 2000 JAPAN 31.5 MIO UNDISCLOSED MEDI ROTTERDAM 75735 2002 JAPAN 32.5 MIO UNDISCLOSED TSUNEISHI ZHOUSHAN SS-100
82191 2012 CHINA 41 MIO VITA SHIPMNGNT, GREECE
KAMSAR GOLD 82981 2006 JAPAN 41.5 MIO GREEK CAPE OCEAN 170631 1994 JAPAN 25 MIO GREEK CALADIUM 176924 2006 JAPAN 58 MIO FUJIAN SHIPPING
ATA 194226 1985 JAPAN GLESS 12.2 MIO INDUSTRIAL CARRIERS, UKRAINE
ATHENIAN SHIPBROKERS S.A.
7
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
SINAR BONTANG 14967 2002 JAPAN 1060 14 MIO UNDISCLOSED CAPELLA 13760 2007 CHINA GLESS 1098 17 MIO GERMAN STADT CELLE 13710 2005 CHINA CR 2X45 1118 15 MIO LOMAR, GREECE
MAERSK TRAPANI 21238 1990 JAPAN CR 1X40 1316 * ENBLOC BSS▼ MAERSK TANGIER 21238 1990 JAPAN CR 1X40 1316 * ENBLOC BSS▼ MAERSK TORINO 21229 1990 JAPAN CR 1X40 1316 * ENBLOC BSS▼ MAERSK TARRAGONA 21229 1990 JAPAN CR 1X40 1316 24 MIO TECHNOMAR, GREECE
HANSA MARBURG 23419 2007 CHINA CR 2X40 1740 25 MIO OPS, GERMANY SWAN 61489 1995 JAPAN 4706 29 MIO TECHNOMAR, GREECE
CMA CGM ORCA 65890 2006 KOREA 5041 52.5 MIO TECHNOMAR,GREECE (INCL 2 YEARS TC BACK AT USD 24.500 PER DAY)
CMA CGM DOLPHIN 65890 2007 KOREA 5041 52.5 MIO TECHNOMAR,GREECE (INCL 2 YEARS TC BACK AT USD 24.500 PER DAY)
38800
1335016850
0
10000
20000
30000
40000
50000
60000
70000
Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10
$/D
ay
Spot Market - BulkersCAPESIZE
PANAMAX
HANDYMAX
33150
22500
17000
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10
$/D
ay
Period Market - Bulkers 1 Year T/C
CAPESIZE
PANAMAX
HANDYMAX
44
ATHENIAN SHIPBROKERS S.A.
8
Dry Bulk Orderbook
Ship Type 2010 (deliv) 2010 2011 2012 2013 2014 2015+ Total
VLOC 15 8 42 39 12 1 0 102
Capesize 148 46 247 106 38 3 1 441
Small Cape 69 20 182 65 13 0 0 280
Panamax 83 58 274 277 74 10 0 693
Supramax 250 121 386 230 48 1 0 786
Handys 182 100 312 159 40 6 0 617
Total 747 353 1443 876 225 21 1 2919
Tanker Orderbook
Ship Type 2010 (deliv) 2010 2011 2012 2013 2014 2015+ Total
ULCC/VLCC 47 17 77 62 30 9 0 195
Suezmax 33 18 54 57 21 2 0 152
Aframax 62 16 77 49 7 3 0 152
Panamax 30 5 42 17 10 2 0 76
MR 92 33 113 67 9 0 0 222
Handy 19 7 26 10 2 1 0 46
Total 283 96 389 262 79 17 0 843
LPG Tank Orderbook
Ship Type 2010 (deliv) 2010 2011 2012 2013 2014+ Total
VLGC 8 1 3 2 2 0 8
LGC 0 0 0 0 0 0 0
MR 3 1 6 2 0 0 9
Handy 9 2 8 9 10 1 30
Small 28 22 30 8 2 3 65
Total 48 26 47 21 14 4 112
37
0
20
40
60
80
100
120
140
160
180
Oct-08 Feb-09 Jun-09 Oct-09 Feb-10 Jun-10 Oct-10
$m
Tanker Prices VLCC Suezmax
Aframax MR
1071
58
68
5
3
0
20
40
60
80
100
120
Oct-08 Feb-09 Jun-09 Oct-09 Feb-10 Jun-10 Oct-10
$m
Bulker Prices Capesize Panamax
Handymax Handysize
58
34.531
26.5
New building Market and Reported Contracts
ATHENIAN SHIPBROKERS S.A.
9
398
80162
931
191
733
179
7
87
0
100
200
300
400
500
600
700
800
900
1000
2008 2009 Oct-10
No
. of
Ve
ss
els
Newbuilding Sales Tankers >10,000 dwt
Bulkers >10,000 dwt
Containerships
60.8
24.8
14.96.5
20.3
0
10
20
30
40
50
60
70
30/10/2010
m. d
wt
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products
133.4
71.1
45.2
27.6
0
20
40
60
80
100
120
140
160
30/10/2010
m. d
wt
Bulker Newbuildings on Order Capesize Panamax
Handymax Handysize
39.2
119.2 118.9
18.8
60.5
48.1
0
20
40
60
80
100
120
140
Oct-10 2011 2012+
m. d
wt
Delivery Schedule Bulkers >10,000 dwt.
Tankers >10,000 dwt
Newbuilding Historical Prices ($m)
Tankers 2010 2009 2008 2007 2006 2005 2004 2003 2001 1995 1990 1988 1985
310,000 DWT1 107,5 97.5 150 145 130 120 108 77.1 69.9 85.3 87.4 70.1 238.2
170,000 DWT1 68 61 90 90 80 71.5 71 51.4 46.3 54 66.1 44.8 228.2
110,000 DWT1 58 49.5 74 72 65.5 58 60 41.4 36.3 43.3 53.2 235.2 218.1
47,000 DWT1 36,5 35 46.5 52 47 43 39 31.4 26.2 33.2 332.1
325.2
313.3
Bulkers
180,000 DWT1 58 55.5 87 96 67 58.5 64.5 48.2 35.8 42.3 60.2 42.1 29.3
73,000 DWT1 34,5 34.5 45.5 54 39.5 36 37 27.1 20.3 27.9 30 25.1 13.4
45,000 DWT 31 29 41 47.5 37 31 30 24.1 18.4 24.1 25.3 23.1 12.4
29,000 DWT 26,5 24.5 31 34 27.5 25.5 24 18.1 14.2 19.2 21.3 18.4 9.7
1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,0000 respectively for tankers and 150,000 - 69,000 for Bulkers
2 Single Hull 3 30,000 DWT
(note: above is for vessels built Japan / Korea, you should also consider US$ / Yen relation for the years mentioned)
ATHENIAN SHIPBROKERS S.A.
10
The Shipbuilding Market
TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
Cont 105000 Jiangnan Changxing Oct-12 101 Mio Costamare Shipping 9000 Teu
Cont 105000 Jiangnan Changxing Nov-12 101 Mio Schulte Group 9000 Teu
Cont 105000 Jiangnan Changxing Jan-13 101 Mio Costamare Shipping 9000 Teu
Cont 105000 Jiangnan Changxing Feb-13 101 Mio Schulte Group 9000 Teu
Cont 105000 Jiangnan Changxing Apr-13 101 Mio Costamare Shipping 9000 Teu
Cont 105000 Jiangnan Changxing May-13 101 Mio Schulte Group 9000 Teu
Cont 105000 Jiangnan Changxing Jul-13 101 Mio Costamare Shipping 9000 Teu
Cont 105000 Jiangnan Changxing Aug-13 101 Mio Schulte Group 9000 Teu
Cont 105000 Jiangnan Changxing Oct-13 101 Mio Costamare Shipping 9000 Teu
Cont 105000 Jiangnan Changxing Nov-13 101 Mio Schulte Group 9000 Teu
Cont 105000 Jiangnan Changxing Jan-14 101 Mio Costamare Shipping 9000 Teu
Cont 105000 Jiangnan Changxing Feb-14 101 Mio Schulte Group 9000 Teu
Cont 99500 Samsung H.I. 2013 103 Mio Evergreen Mar. Corp 8000 Teu
Cont 99500 Samsung H.I. 2013 103 Mio Evergreen Mar. Corp 8000 Teu
Cont 99500 Samsung H.I. 2013 103 Mio Evergreen Mar. Corp 8000 Teu
Cont 99500 Samsung H.I. 2013 103 Mio Evergreen Mar. Corp 8000 Teu
Cont 99500 Samsung H.I. 2013 103 Mio Evergreen Mar. Corp 8000 Teu
Cont 99500 Samsung H.I. 2014 103 Mio Evergreen Mar. Corp 8000 Teu
Cont 99500 Samsung H.I. 2014 103 Mio Evergreen Mar. Corp 8000 Teu
Cont 99500 Samsung H.I. 2014 103 Mio Evergreen Mar. Corp 8000 Teu
Cont 99500 Samsung H.I. 2014 103 Mio Evergreen Mar. Corp 8000 Teu
Cont 99500 Samsung H.I. 2014 103 Mio Evergreen Mar. Corp 8000 Teu
Bulk 48000 CIC (Jiangsu) May-12 32 Mio China Shpg. Tramp
Bulk 82000 Taizhou Catic 2012 34 Mio Unknown
Bulk 82000 Taizhou Catic 2012 34 Mio Unknown
Bulk 82000 Taizhou Catic 2013 34 Mio Unknown Option
Bulk 82000 Taizhou Catic 2013 34 Mio Unknown Option
Bulk 95000 Jiangsu Eastern 2012 Pitiousa Shipping
Bulk 47500 Jiangsu Eastern 2012 Unknown Chinese
Bulk 47500 Jiangsu Eastern 2012 Unknown Chinese
Bulk 47500 Jiangsu Eastern 2012 Unknown Chinese
Bulk 47500 Jiangsu Eastern 2012 Unknown Chinese
Bulk 47500 Jiangsu Eastern 2012 Unknown Chinese
Bulk 82000 Taizhou Catic 2012 34 Mio Unknown
Bulk 82000 Taizhou Catic 2012 34 Mio Unknown
Bulk 82000 Taizhou Catic 2013 34 Mio Unknown Option
Bulk 82000 Taizhou Catic 2013 34 Mio Unknown Option
Bulk 95000 Jiangsu Eastern 2012 Pitiousa Shipping
Bulk 47500 Jiangsu Eastern 2012 Unknown Chinese
Bulk 47500 Jiangsu Eastern 2012 Unknown Chinese
Tanker 319000 Hyundai H.I. Dec-12 105 Mio SK Shipping Co. Ltd.
Tanker 319000 Hyundai H.I. Mar-13 105 Mio SK Shipping Co. Ltd.
Tanker 319000 Hyundai H.I. Jun-13 105 Mio SK Shipping Co. Ltd.
Tanker 319000 Hyundai H.I. Sep-13 105 Mio SK Shipping Co. Ltd.
Tanker 319000 Hyundai H.I. Dec-12 105 Mio SK Shipping Co. Ltd.
Cont 105000 Hudong Zhonghua 2013 99 Mio Cardiff Marine Inc. 8500 Teu
Cont 105000 Hudong Zhonghua 2013 99 Mio Cardiff Marine Inc. 8500 Teu
Cont 105000 Hudong Zhonghua 2013 99 Mio Cardiff Marine Inc. 8500 Teu
Cont 105000 Hudong Zhonghua 2013 99 Mio Cardiff Marine Inc. 8500 Teu
Cont 150000 STX Shipbuild. 2012 Zodiac Maritime Agy. 13000 Teu
Cont 150000 STX Shipbuild. 2012 Zodiac Maritime Agy. 13000 Teu
Cont 150000 STX Shipbuild. 2012 Zodiac Maritime Agy. 13000 Teu
Cont 150000 STX Shipbuild. 2012 Zodiac Maritime Agy. 13000 Teu
Cont 150000 STX Shipbuild. 2013 Zodiac Maritime Agy. 13000 Teu
Cont 150000 STX Shipbuild. 2013 Zodiac Maritime Agy. 13000 Teu
ATHENIAN SHIPBROKERS S.A.
11
The Shipbuilding Market
TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
Cont 150000 STX Shipbuild. 2013 Zodiac Maritime Agy. 13000 Teu
Cont 150000 STX Shipbuild. 2013 Zodiac Maritime Agy. 13000 Teu
Cont 150000 STX Shipbuild. 2014 Zodiac Maritime Agy. 13000 Teu
Cont 150000 STX Shipbuild. 2014 Zodiac Maritime Agy. 13000 Teu
PCC 22100 Mitsubishi H.I. 2012 Wilh Wilhelmsen 6500 Units
PCC 22100 Mitsubishi H.I. 2012 Wallenius Lines AB 6500 Units
MPP 24000 Dalian Shipbuilding Aug-12 30 Mio Pacific Shipping 1200 Teu
MPP 24000 Dalian Shipbuilding Nov-12 30 Mio Pacific Shipping 1200 Teu
Bulk 82000 SPP Shipbuilding 2012 Unknown
Bulk 82000 SPP Shipbuilding 2012 Unknown
Bulk 82000 SPP Shipbuilding 2012 Unknown
Bulk 82000 SPP Shipbuilding 2012 Unknown
Bulk 82000 SPP Shipbuilding 2012 Unknown
Tanker 119900 Daewoo 2014 Sovcomflot JSC
Tanker 119900 Daewoo 2014 Sovcomflot JSC
Tanker 119900 Daewoo 2014 Sovcomflot JSC Option
Tanker 119900 Daewoo 2014 Sovcomflot JSC Option
Products 119900 Daewoo 2014 Sovcomflot JSC
Products 119900 Daewoo 2014 Sovcomflot JSC
Products 119900 Daewoo 2014 Sovcomflot JSC Option
Products 119900 Daewoo 2014 Sovcomflot JSC Option
Products 119900 Daewoo 2014 Sovcomflot JSC
Tanker 119900 Zvezda-DSME 2014 Sovcomflot JSC
Tanker 119900 Zvezda-DSME 2014 Sovcomflot JSC Option
Products 119900 Zvezda-DSME 2014 Sovcomflot JSC
Products 119900 Zvezda-DSME 2014 Sovcomflot JSC Option
Bulk 73000 Oshima S.B. Co. 2012 Rio Tinto Group
Bulk 73000 Oshima S.B. Co. 2013 Rio Tinto Group
ATHENIAN SHIPBROKERS S.A.
12
Demolition Market
Demolition historical average prices
380 378413 440
383 387 415 425 432 437
180230280330380430480530580630680730780830880
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
$
Tankers 2007 20082009 2010
350 355393 411
337 357 380 393 402 410
180230280330380430480530580630680730
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
$
Bulkers2007 2008
2009 2010
13.427
28.6526.9
3825.6
14.54.9
2.354.6
3.815.9
16.718.9
15.518
15.625
30.522.4
28.428.5
2710
5.56.5
512
28.921
0 5 10 15 20 25 30 35 40
198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010
Million dwt
Year
Total Demolition
Demolition Prices
Gen Cargo Tanker
India USD 420 /lt Ldt USD 450/lt Ldt
Bangladesh N/A N/A
Pakistan USD 410 /lt Ldt USD 440/lt Ldt
China USD 400 /lt Ldt USD 420/lt Ldt
ATHENIAN SHIPBROKERS S.A.
13
India
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK GRAND FORTUNE 21950 1971 6154 370 BULK WEI HSING 27048 1972 6645 370 BULK SWIFT RESOLUTE 132049 1982 17685 460 INCL 1600 T IFO ROB
RORO NORILSK 19942 1982 10816 415
Other
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
RORO EUROFERRYSATLANTICA 2362 1973 6100 290 ASIS SPAIN
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK IREEX 14982 1978 5615 475 BULK CARIBBEAN CARRIER I 23783 1962 8063 445 BULK BAO YUE JIA 29095 1978 8244 430 CONT APL ORCHID 18437 1984 6821 450 ASIS JEBEL ALI
PASS FLAMENCO I 2352 9300 9300 355 ASIS MALAYSIA
REEF ORANGE STAR 11092 1975 6117 475 INCL 235 T STST
RORO EROTOKRITOS T 5000 1974 11000 366 ASIS PIRAEUS
RORO VILJANDI 4600 1978 6015 470
TANK ALF ARMAR 6764 1985 2600 495
TANK PACIFIC TRADER 10359 1980 3714 470
TANK SPLENDOUR 60959 1987 11287 455 ASIS FUJAIRAH
TANK ZEINAT 2 82424 1986 15002 477
TANK PRINCEWILLIAMSOUND 125926 1975 23000 430 ASIS LABUAN WITH 1400 T ROB
TWEEN DESPINA 18234 1982 8000 503
TWEEN KING SPIRIT 21081 1977 10074 440
ATHENIAN SHIPBROKERS S.A.
14
USD EUR GBP JPY CHF CAD
AUD
USD 1 0.612 0.8701 0.007763 0.635 0.6236 0.6139
EUR 1.6366 1 1.4233 0.012699 1.0388 1.02 1.0041
GBP 1.1506 0.7038 1 0.008924 0.73 0.7172 0.7061
JPY 129.016 78.9222 112.161 1 81.8905 80.4233 79.1494
CHF 1.5767 0.9645 1.3708 0.012234 1 0.9829 0.9675
CAD 1.6045 0.9813 1.3954 0.012449 1.0185 1 0.9844
AUD
1.6316 0.9979 1.4192 0.012658 1.0357 1.0169 1
* Values 01/11/2010
80
85
90
95
100
105
110
115
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
01/11/09 01/01/10 01/03/10 01/05/10 01/07/10 01/09/10 01/11/10
CurrenciesUSD-EURO
USD-YEN
0.00
20.00
40.00
60.00
80.00
100.00
01/10/09 01/12/09 01/02/10 01/04/10 01/06/10 01/08/10 01/10/10
$/B
arr
el
Brent Oil
Market Indicators
ATHENIAN SHIPBROKERS S.A.
15
Stock Watch
NAME TICKER THIS
MONTH* LAST
MONTH CHANGE % 52w HIGH 52w LOW
NewLead Holdings NEWL 3.96 4.85 -18.4 14.88 3.27
Capital Product Partners CPLP 8.85 8.27 7 10.06 5.31
Diana Shipping DSX 13.65 12.7 7.5 18.24 10.75
Dryships DRYS 4.12 4.81 -14.3 7.3 3.28
Eagle Bulk EGLE 5.13 5.22 -1.7 6.75 3.91
Euroseas ESEA 4.03 4.02 0.2 5.02 3.02
Excel Martime EXM 5.77 5.62 2.7 8.4 4.59
Freeseas FREE 4.7 5.25 -10.5 8.75 4.5 Genco Shipping&Trading
GNK 16.55 15.94 3.8 29.2 14.2
General Maritime GMR 3.84 4.91 -21.8 8.82 4.15
Goldenport GPRT 123 118 4.2 140 121.75
Navios NM 5.99 5.87 2 7.55 4.38
Omega Navigation ONAV 1.21 1.19 1.7 4.04 1.14
Paragon PRGN 3.73 3.96 -5.8 5.49 3.4
Safe Bulkers SB 8.45 7.91 6.8 9.64 6.5
Star Bulk SBLK 2.92 2.85 2.5 3.59 2.21
Stealthgas GASS 4.79 4.35 10.1 7.06 3.93
TEN TNP 10.34 13.4 -22.8 18.34 10.27
TOP Ships TOPS 0.685 0.7 -2.1 1.3 0.62
* 31/10/10 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,
Athenian Shipbrokers S.A.
