6000 ATHENIAN SHIPBROKERS S.A. 4000files.irwebpage.com/reports/shipping/0E74iKuYnc/... · 2016. 3....

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]

www.atheniansa.gr

December 2010

Monthly Report

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Baltic Dry Index

PRICES TANKERS ($ MIO)

2005 2006 2007 2008 2009 Dec-10

VLCC 5Y 117 117,2 136 155,8 78 85.2

VLCC 10Y 90 95,8 114,5 131 59,5 59.8

SUEZMAX 5Y 75,3 81 95,5 106 57 58.9

AFRAMAX 5Y 63 65,3 70 76,8 40,5 41.2

AFRAMAX10Y 53,9 51,8 60 64,7 23,5 28.1

PANAMAX5Y 48,1 55,5 60,4 61 35,5 38.8

45K 5Y D/H 46,8 47,3 53 52,7 23,5 26.8

45K 10Y D/H 38 38,9 44,7 43,2 16 18.4

45K 20Y 10,1 13,2 12,8 16 4 7.2

PRICES BULKERS ($ MIO)

2005 2006 2007 2008 2009 Dec-10

CAPESIZE 5Y 56,8 81,2 148 45,5 54,5 52

CAPESIZE 10Y 38,2 61,8 103 30 45 37.9

CAPESIZE 15Y 28,2 43 88,5 21 28 22.8

CAPESIZE 20Y 18,5 21,3 60 79 16,5 14

PANAMAX 5Y 29,4 45,4 89 25,5 35 35.8

PANAMAX 10Y 23,8 37 71,5 19 27,5 29.1

PANAMAX 15Y 18,5 27,7 61 12,5 22 21.6

PANAMAX 20Y 10,6 16,1 44 9,2 12 14

SUPRAMAX 5Y 25,4 40 74,5 24 27,5 29.8

HANDYMAX10Y 20,7 32 60,5 18,2 22 24.6

HANDYMAX15Y 16,5 22,1 46 13 17,5 19.4

HANDYMAX20Y 10,1 15,4 36 7,4 11 12

mailto:[email protected]

http://www.atheniansa.gr/

www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.

2

*Excluding demolition sales

Sale and Purchase Market - Second Hand units

Ship Type Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Total

BULK 31 32 52 53 73 33 274 TANK 22 23 21 29 40 30 165 GAS 1 1 0 2 11 4 19 CONT 14 3 18 12 13 10 70 TWEEN 1 3 6 0 4 0 14 REEF 1 1 0 1 1 1 5 RORO 3 2 2 0 5 7 19 FERRY 1 1 3 1 3 6 15 CRUISE 0 1 0 0 0 1 2

Total 74 67 102 98 150 92 583

145

31

127

36

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

367

33

371

73

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



3

TANKER SALES

895

770

644

826

609

776

400

500

600

700

800

900

1000

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49

WEEK NO

Baltic Clean Tanker - Yearly

2010

1195

882

1110

799

689

1019

550

650

750

850

950

1050

1150

1250

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49

WEEK NO

Baltic Dirty Tanker - Yearly

2010

796

807

777

650

700

750

800

850

01/12/2010 08/12/2010 15/12/2010 22/12/2010

Baltic Clean Tanker - Monthly

978

10361029

1079

800

850

900

950

1000

1050

1100

01/12/2010 08/12/2010 15/12/2010 22/12/2010

Baltic Dirty Tanker - Monthly

NAME DWT BLT PRICE $ BUYER

PLEVNE 6937 2005 TURKEY DH 12 MIO TURKISH

EBONY 12152 1986 JAPAN DB 2.4 MIO UNDISCLOSED (ASIS DURBAN)

VEGA SPIRIT 22820 2001 JAPAN DH 12.5 MIO SCANDINAVIAN

ARAEVO 28610 1991 USR DH * ENBLOC BSS▼

ATORA 28610 1991 USR DH 12 MIO GREAT EASTERN, INDIA

ISOLA VERDE 36457 1994 ITALY DH 10.5 MIO INDONESIAN

PAYAL 37159 2007 KOREA DH 27.5 MIO NORDEN, DENMARK (DELY 1Q 2011)

GULF MISHREF 44000 2010 KOREA DH 42 MIO ORDFJELL, NORWAY

GULF MIZHAR 44000 2010 KOREA DH 42 MIO ORDFJELL, NORWAY

ALAM BITARA 45513 1999 KOREA DH 18 MIO INDONESIAN

LYRA PIONEER 45985 2003 JAPAN DH 21.3 MIO CYPRUS MARITIME, GREECE

NORTHERN DAWN 47994 2003 JAPAN DH 19.5 MIO DUBAI BASED

GUI HE 59645 1980 GR BRITAIN 4.8 MIO DIGANG DILI, CHINA

CLELIAMAR 68623 1993 CHINA DH 14.5 MIO GREEK

CE EXPRESS 69998 1990 JAPAN DH 7.45 MIO CHINESE FORMOSAPRODUCT COSMOS

70426 2005 JAPAN DH 31 MIO UNDISCLOSED

SUMMIT AUSTRALIA 73427 2009 CHINA DH 43.4 MIO NORWEGIAN (INCL 7YRS BB $13.000 PD)

DOMUS AUREA 107197 2003 JAPAN DH 32 MIO EASTERN MEDITERRANEAN, GR

JUANITA 126491 1988 KOREA DH 12 MIO UNDISCLOSED

SAMSUNG 1929 158000 2011 KOREA DH * ENBLOC BSS▼



SAMSUNG 1928 158000 2011 KOREA DH 280 MIO APOLLO TANKERS, USA



4

TANKER SALES (Continue)

NAME DWT BLT PRICE $ BUYER

HYUNDAI ULSAN 2295 159000 2012 KOREA DH 65 MIO DYNACOM, GREECE

RUBY III 274990 1990 JAPAN DH 16.3 MIO WORLD CARRIERS, GREECE ASCONA 307151 1999 KOREA DH 55 MIO DHT MARITIME, USA

HYUNDAI ULSAN 2456 318000 2012 KOREA DH 108 MIO DYNACOM, GREECE HYUNDAI ULSAN 2457 318000 2012 KOREA DH 108 MIO DYNACOM, GREECE

GAS SALES

NAME DWT BLT CBM PRICE $ BUYER

BOUGAINVILLE 4867 2001 JAPAN 4931 12.5 MIO CHINA GAS, CHINA

2918938856

21605

3500

13500

23500

33500

43500

53500

63500

73500

Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 Dec-10

$/D

ay

Spot Market - TankersVLCC

SUEZMAX

AFRAMAX

2600021000

15000

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

50000


$/D

ay

Period Market - Tankers 1 Year T/C

VLCC

SUEZMAX

AFRAMAX



5

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER KINWA MARU 1485 1996 JAPAN 1.5 MIO UNDISCLOSED ATLANTICBORG 17356 2008 CHINA CR 3X40 22 MIO UNDISCLOSED

AL JABER 18 18297 1994 JAPAN CR 4X30.5 8 MIO GREEK (INCL 1 YR TC) ORGI 18609 1977 JAPAN CR 4X25 5 MIO SAUDI ARABIAN AROSA 20001 2002 KOREA CR 3X30 17 MIO UNDISCLOSED

SEVERINA 21274 2007 CHINA CR 3X25 * ENBLOC BSS▼ SALVADORA 21274 2007 CHINA CR 3X25 30 MIO GREEK

ACACIA N 23193 1978 JAPAN CR 3X25,D1X25 2.4 MIO DUBAI BASED ABDUL 23821 1985 JAPAN CR 3X25 6 MIO MIDDLE EASTERN ENFORCER 26388 1992 JAPAN CR 4X30.5 12.5 MIO UNDISCLOSED PHOENIX ISLAND 28665 1996 JAPAN CR 4X30 18 MIO VIETNAMESE DARYA TAAL 28892 1998 SINGAPORE CR 4X25 19 MIO FAREASTERN

PFS KESHAVA 31850 1980 FINLAND CR 4 X28, CR 1X12.5

4.15 MIO SYRIAN

AKTOR II 32312 2010 KOREA CR 4X30 * ENBLOC BSS▼

APOLLONAS 32401 2010 KOREA CR 4X30 65 MIO FAREASTERN

C. S. GREEN 32395 2003 JAPAN CR 4X30 23.5 MIO UNDISCLOSED GOLDMAR 39697 1984 JAPAN CR 4X25 7.5 MIO CHINESE ATTRACTIVE 41524 1985 JAPAN CR 4X25 9.5 MIO UNDISCLOSED SUN ENTERPRISE 42208 1984 JAPAN CR 4X25 7.5 MIO UNDISCLOSED SILKY OCEAN 45665 1995 JAPAN CR 4X25 20 MIO UNDISCLOSED GRAND GLORY 48437 2001 JAPAN CR 4X30 25 MIO ASIAN

816

825835

836

780

790

800

810

820

830

840

850

01/12/2010 08/12/2010 15/12/2010 22/12/2010

Baltic Handysize

2

1610

1678

16131582

1400

1450

1500

1550

1600

1650

1700

01/12/2010 08/12/2010 15/12/2010 22/12/2010

Baltic Supramax

2

23862289

2037

1500

1600

1700

1800

1900

2000

2100

2200

2300

2400

2500

01/12/2010 08/12/2010 15/12/2010 22/12/2010

Baltic Panamax

4

2987

2731 2723

2671

2000

2200

2400

2600

2800

3000

3200

3400

01/12/2010 08/12/2010 15/12/2010 22/12/2010

Baltic Capesize

44 4438



6

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

WESTERN OSLO 56548 2008 JAPAN CR 4X35 38 MIO S. KOREAN (INCL 4 YRS TC

AT USD 18550 PD) PRIMERA 72495 1998 JAPAN 26.8 MIO CHINESE

COAL AGE 72861 1997 KOREA GLESS 26.3 MIO UNDISCLOSED (INCL 50

MOS BB AT $19950 PD + 12 MOS AT $ 12.000 PD)

MARITIME DIGNITY 73350 1993 JAPAN CR 2X30 20.35MIO CHINESE

JINHAI RESALE 79600 2011 CHINA * ENBLOC BSS▼

JINHAI RESALE 79600 2011 CHINA 72 MIO ZODIAC MARITIME, ISRAEL (INCL 5YRS TCB)

HYUNDAI MIPO 6061 82000 2011 KOREA 42 MIO GREEK FORMOSABULK ENERGY 170089 2002 JAPAN 44 MIO FAREASTERN GOLDEN CHANGI 170500 2011 KOREA 61 MIO S. KOREAN DAEHAN HAENAM 1046 180000 2011 KOREA 62.8 MIO CHINESE DAEHAN HAENAM 1047 180000 2011 KOREA 62.8 MIO CHINESE

CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

MAGLEBY 60350 1990 DENMARK 4437 * ENBLOC BSS▼

MAJESTIC MAERSK 60639 1990 DENMARK 4437 * ENBLOC BSS▼

MARIE MAERSK 60350 1990 DENMARK 4437 - MSC

NORDLAKE 22450 1994 POLAND CR 3X45 1684 10 MIO ORIENT EXPRESS

EURUS OSLO 34380 1989 GERMANY CR 3X40 2097 5.7 MIO UNDISCLOSED (FOR

CONVERSION)

EURUS OTTAWA 34380 1989 GERMANY CR 3X40 2097 5.7 MIO UNDISCLOSED (FOR

CONVERSION)

SCIO SUN 26288 1990 GERMANY GLESS 1752 6 MIO GREEK

ZAGORA 14100 1995 POLAND CR3X40 1162 8.3 MIO GREEK

ANL GOROKA 8672 2000 GERMANY CR 2X40 698 7.5 MIO GREEK

REEF SALES

NAME DWT BLT CBTF PRICE $ BUYER

SPICA 7000 1991 JAPAN 270689 3.4 MIO TAIWENESE



7

RORO SALES

NAME GT BLT LM/CARS PAX PRICE $ BUYER FLYING DOLPHIN ZEUS 142 1979 USR 116 29.5 MIO UNDISCLOSED

PANORAMA 5330 1987 GERMANY 150CARS 700 - UNDISCLOSED

AZZURRA 5191 1964 GERMANY 185CARS 1000 - FERGUN SHIPPING, TRK

ENVOY 18653 1979 JAPAN 1850 LM 220 - BOLUDA GROUP, SPAIN

SUPERFERRY II 8798 1974 BELGIUM 504 LM 2000 6 MIO GOLDEN STAR FERRIES

BILBAO 37583 1986 FINLAND 600CARS 2553 37.7 MIO ST. PETER LINE, RUSSIA

OCEANIC II 28891 1966 GR.BRITAIN - 1104 - UNDISCLOSED

STRAIT OF DOVER 32645 2010 S.KOREA 300CARS * ENBLOC BSS▼

HYUNDAI MIPO 8049 48000 2010 S.KOREA 300CARS 86.9 MIO HONG KONG BASED

SEABOARD EXPRESS 17828 1980 FRANCE 2167LM 8 - UNDISCLOSED

MED VISION 6704 1981 SWEDEN 1105LM 2 MIO SYRIAN

HIBERNIA SEAWAYS 5700 1996 JAPAN 12 * ENBLOC BSS▼

SCOTIA SEAWAYS 5928 1996 JAPAN 1700LM 12 - UNDISCLOSED

SCAN BRASIL 8800 2003 GERMANY 12.5 MIO GERMAN (AUCTION SALE)

17128

10612

14782

0

5000

10000

15000

20000

25000

30000

35000

40000

45000


$/D

ay

Spot Market - BulkersCAPESIZE

PANAMAX

HANDYMAX

24250

16750

14500

0

5000

10000

15000

20000

25000

30000

35000

40000


$/D

ay

Period Market - Bulkers 1 Year T/CCAPESIZE

PANAMAX

HANDYMAX

44



8

Dry Bulk Orderbook

Ship Type 2010 (deliv) 2010 2011 2012 2013 2014 2015+ Total

VLOC 18 6 42 40 13 1 0 102

Capesize 151 39 248 108 39 3 1 438

Small Cape 71 18 182 66 14 0 0 280

Panamax 84 54 277 281 74 10 0 696

Supramax 253 110 391 230 50 1 0 782

Handys 189 91 314 157 41 6 0 609

Total 766 318 1454 882 231 21 1 2907

Tanker Orderbook

Ship Type 2010 (deliv) 2010 2011 2012 2013 2014 2015+ Total

ULCC/VLCC 55 16 75 62 31 9 0 193

Suezmax 32 18 53 57 22 4 0 154

Aframax 63 13 79 49 11 3 0 155

Panamax 29 6 41 17 10 2 0 76

MR 95 30 114 66 11 0 0 221

Handy 19 7 27 10 2 1 0 47

Total 293 90 389 261 87 19 0 846

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 5 0 6 2 0 0 8

Handy 9 2 8 9 10 1 30

Small 28 22 30 8 2 3 65

Total 50 25 47 21 14 4 111

36.5

0

20

40

60

80

100

120

140

160

Dec-08 Apr-09 Aug-09 Dec-09 Apr-10 Aug-10 Dec-10

$m

Tanker Prices VLCC Suezmax

Aframax MR

105.01

57

66.8

5

3

0

10

20

30

40

50

60

70

80

90

100

Dec-08 Apr-09 Aug-09 Dec-09 Apr-10 Aug-10 Dec-10$m

Bulker Prices Capesize Panamax

Handymax Handysize

57.0

34.5

31

26.5

New building Market and Reported Contracts



9

398

80

203

931

191

926

179

7

120

0

100

200

300

400

500

600

700

800

900

1000

2008 2009 Dec-10

No

. of

Ve

ss

els

Newbuilding Sales Tankers >10,000 dwt

Bulkers >10,000 dwt

Containerships

60.5

24.1

15.66.2

19.8

0

10

20

30

40

50

60

70

30/12/2010

m. d

wt

Tanker Newbuildings on Order VLCC Suezmax

Aframax Panamax

Products130.1

75.2

45.6

27.2

0

20

40

60

80

100

120

140

30/12/2010

m. d

wt

Bulker Newbuildings on Order Capesize Panamax

Handymax Handysize

22.9

121.3131.2

9.7

59.557.9

0

20

40

60

80

100

120

140

Dec-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 104.8 97.5 150 145 130 120 108 77.1 69.9 85.3 87.4 70.1 238.2

170,000 DWT1 66.3 61 90 90 80 71.5 71 51.4 46.3 54 66.1 44.8 228.2

110,000 DWT1 56 49.5 74 72 65.5 58 60 41.4 36.3 43.3 53.2 235.2 218.1

47,000 DWT1 36.1 35 46.5 52 47 43 39 31.4 26.2 33.2 332.1

325.2

313.3

Bulkers

180,000 DWT1 57.2 55.5 87 96 67 58.5 64.5 48.2 35.8 42.3 60.2 42.1 29.3

73,000 DWT1 34.3 34.5 45.5 54 39.5 36 37 27.1 20.3 27.9 30 25.1 13.4

45,000 DWT 31.1 29 41 47.5 37 31 30 24.1 18.4 24.1 25.3 23.1 12.4

29,000 DWT 26.3 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)



10

The Shipbuilding Market

TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES Bulk 33800 Jiangsu Yangzijiang Aug-12 Hua Yang Bulk 33800 Jiangsu Yangzijiang Nov-12 Hua Yang Bulk 37000 Hyundai Vinashin 2012 Norden D/S A/S Bulk 37000 Hyundai Vinashin 2013 Norden D/S A/S Bulk 37000 Onomichi Dockyard Oct-12 Norden D/S A/S Bulk 37000 Onomichi Dockyard Mar-13 Norden D/S A/S Bulk 81000 Jinhai Heavy Ind. 2012 Ofer (Ships Holdgs) Bulk 81000 Jinhai Heavy Ind. 2012 Ofer (Ships Holdgs) Bulk 81000 Jinhai Heavy Ind. 2013 Ofer (Ships Holdgs) Bulk 81000 Jinhai Heavy Ind. 2013 Ofer (Ships Holdgs) Bulk 82000 Hantong Shipyard 2012 MPC Steamship Bulk 82000 Hantong Shipyard 2013 MPC Steamship Bulk 82000 COSCO Dalian Sep-12 Unknown Bulk 82000 COSCO Dalian Nov-12 Unknown Bulk 82000 COSCO Dalian Jan-13 Unknown Chinese Bulk 180000 Jinhai Heavy Ind. Aug-12 53 Mio Safe Bulkers Inc. Bulk 207000 Daehan S.B. Mar-12 63.5 Mio Colden Flame Shpg Bulk 207000 Daehan S.B. Apr-12 63.5 Mio Golden Flame Shpg.

Chem & Oil 8500 Marmara Tersanesi May-13 Yilmar Shipping Chem & Oil 8500 Marmara Tersanesi Oct-13 Yilmar Shipping Chem & Oil 12700 Marmara Tersanesi Jun-13 Yilmar Shipping

Cont 101000 Samsung H.I. Jun-12 CSAV 8000 Teu Cont 101000 Samsung H.I. Jul-12 CSAV 8000 Teu Cont 101000 Samsung H.I. Oct-12 CSAV 8000 Teu Cont 101000 Samsung H.I. Jan-13 CSAV 8000 Teu Cont 101000 Samsung H.I. Apr-13 CSAV 8000 Teu Cont 101000 Samsung H.I. Jul-13 CSAV 8000 Teu Cont 106000 Hudong Zhonghua Jan-14 OOCL 8888 Teu Cont 106000 Hudong Zhonghua Jan-14 OOCL 8888 Teu Cont 140500 Hyundai H.I. Jul-13 Hapag-Lloyd Cont. 13200 Teu Cont 140500 Hyundai H.I. Sep-13 Hapag-Lloyd Cont. 13200 Teu Cont 140500 Hyundai H.I. Nov-13 Hapag-Lloyd Cont. 13200 Teu Cont 140500 Hyundai H.I. Jan-14 Hapag-Lloyd Cont. 13200 Teu MPP 7850 Dingheng Jiangsu 2012 Unknown Iraqi Owner 300 Teu

Open Hatch 55000 Oshima S.B. Co. 2012 Saga Shipholding Open Hatch 55000 Oshima S.B. Co. 2013 Saga Shipholding Open Hatch 55000 Daewoo Oct-12 Saga Shipholding Open Hatch 55000 Daewoo Jan-13 Saga Shipholding Open Hatch 55000 Daewoo Apr-13 Saga Shipholding Open Hatch 55000 Daewoo Jul-13 Saga Shipholding Open Hatch 55000 Daewoo Oct-13 Saga Shipholding Open Hatch 57000 STX Shipbuild. Jul-12 STX Pan Ocean Open Hatch 57000 STX Shipbuild. Oct-12 STX Pan Ocean Open Hatch 57000 STX Shipbuild. Jan-13 STX Pan Ocean Open Hatch 57000 STX Shipbuild. Apr-13 STX Pan Ocean Open Hatch 57000 STX Shipbuild. Jul-13 STX Pan Ocean Open Hatch 57000 STX Shipbuild. Oct-13 STX Pan Ocean Open Hatch 57000 STX Shipbuild. Jan-14 STX Pan Ocean

Ore 250000 Hyundai H.I. Sep-12 SK Shipping Co. Ltd. Pass/Car F. Tongfang Jiangxin 2012 Chinese Govt. Pass/Car F. Tongfang Jiangxin 2012 Chinese Govt. Products 6000 Guangzhou S.Y. Int. 2012 China Shpg. Tankers Products 48000 Guangzhou S.Y. Int. Jul-12 China Shpg. Tankers Products 48000 Guangzhou S.Y. Int. Aug-12 China Shpg. Tankers Products 48000 Guangzhou S.Y. Int. Sep-12 China Shpg. Tankers Products 48000 Guangzhou S.Y. Int. Oct-12 China Shpg. Tankers



11

Demolition Market

Demolition historical average prices

380 378413 440

383 387 415 425 432 437 448 465

180230280330380430480530580630680730780830880

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

$

Tankers 2007 20082009 2010

350 355393 411

337 357 380 393 402 410 423 437

180230280330380430480530580630680730

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

$

Bulkers2007 2008

2009 2010

Demolition Prices

Gen Cargo Tanker

India USD 445 /lt Ldt USD 475/lt Ldt

Bangladesh N/A N/A

Pakistan USD 440 /lt Ldt USD 475/lt Ldt

China USD 425 /lt Ldt USD 445/lt Ldt



12

India

Bangladesh

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS TANK HAVILDARABDULHAMID 67153 1985 11002 400

TANK AEGIALI 254601 1987 34858 464

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

28.925.7

0 5 10 15 20 25 30 35 40

198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010

Million dwt

Ye

ar

Total Demolition

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK CABOT ORIENT 4485 1984 1666 400 BULK MED GLORY 9354 1977 3829 466 BULK ANATOLIA 26003 1982 7507 427 BULK FEDON 38250 1980 9425 470 TWEEN FLORA S 17349 1980 6113 468 REEF SPRING TIGER 10110 1984 7206 462 REEF IGNALINA 11871 1983 7240 455 TANK VIKSTRAUM 8693 1981 3430 782 Incl apprx 290t St.St. TANK WASET 12705 1985 3792 472 TANK PROMISE 106680 1991 19637 Asis Fujairah



13

China

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK KAPITAN KIRIY 14204 1974 5439 410

BULK JIN SE DA DI 50826 1976 9000 450

BULK OCEAN BEAUTY 64059 1982 12310 400

BULK ARIMA 138655 1981 20106 448

BULK ETERNAL BRIGHT 139806 1981 20784 448

TANK PYLAROS 75590 1983 17072 455 Asis Hong Kong

Pakistan

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS TANK CUSTOM 4990 1981 2675 462

TANK JAG PRAGATI 28280 1985 7401 455

TANK JOHAR 86803 1985 15463 480

TANK AL MUBARAKAH 88726 1981 15514 500

TANK MAXUS WIDURI 323094 1974 56000 385 No m/e, no gens

TWEEN BOLAN 18145 1980 5635 448

Other

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK FROTAMERICA 34700 1979 9103 162 Asis Rio

TANK CARIBBEAN PEARL 9307 1983 3406 300



14

GBP CAD EUR JPY CHF USD

AUD

GBP 1 0.6435 0.8521 0.007829 0.6746 0.6486 0.6505

CAD 1.5547 1 1.3245 0.01217 1.0487 1.0082 1.0112

EUR 1.174 0.7554 1 0.009189 0.7919 0.7613 0.7636

JPY 127.783 82.2205 108.851 1 86.1917 82.8643 83.1046

CHF 1.4829 0.9542 1.2633 0.011608 1 0.9617 0.9646

USD 1.5421 0.9922 1.3137 0.012071 1.0402 1 1.003

AUD

1.5379 0.9895 1.3102 0.012038 1.0374 0.9973 1

* Values 28/12/2010

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

01/01/10 01/03/10 01/05/10 01/07/10 01/09/10 01/11/10 01/01/11

CurrenciesUSD-EURO

USD-YEN

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el

Brent Oil

Market Indicators



15

Stock Watch

NAME TICKER THIS

MONTH* LAST

MONTH CHANGE % 52w HIGH 52w LOW

NewLead Holdings NEWL 2.78 2.58 7.8 12.6 2.29

Capital Product Partners

CPLP 9.62 8.41 14.4 10.06 5.31

Diana Shipping DSX 12.08 13.49 -10.5 16.62 10.75

Dryships DRYS 5.53 5.17 7 6.95 3.28

Eagle Bulk EGLE 4.89 5 -2.2 6.08 3.91

Euroseas ESEA 3.52 3.87 -9 4.66 3.02

Excel Martime EXM 5.54 5.55 -0.2 7.68 4.59

Freeseas FREE 3.75 3.93 -4.6 7.95 3.61

Genco Shipping&Trading

GNK 14.07 14.68 -4.2 26.49 14.02

General Maritime GMR 3.2 3.82 -16.2 8.82 3.02

Goldenport GPRT 119.25 120 -0.6 140 119.25

Navios NM 5.2 5.24 -0.8 7.55 4.38

Omega Navigation ONAV 1.43 1.28 11.7 3.5 1.03

Paragon PRGN 3.4 3.44 -1.2 5.17 3.36

Safe Bulkers SB 8.73 7.85 11.2 9.18 6.5

Star Bulk SBLK 2.67 2.87 -7 3.23 2.21

Stealthgas GASS 7.35 5.08 44.7 7.58 3.93

TEN TNP 10 9.82 1.8 18.34 8.96

TOP Ships TOPS 1.08 0.81 33.3 1.3 0.62

* 28/12/10 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.


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