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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]
www.atheniansa.gr
October 2011
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Baltic Dry Index
PRICES TANKERS ($ MIO)
* Prices reflect end of year 2006* 2007* 2008* 2009* 2010* Oct-11
VLCC 5Y 117,2 136,0 155,8 78,0 87,8 70.1
VLCC 10Y 95,8 114,5 131,0 59,5 64,3 35.5
SUEZMAX 5Y 81,0 95,5 106,0 57,0 62,8 47.0
AFRAMAX 5Y 65,3 70,0 76,8 40,5 44,5 36.0
AFRAMAX10Y 51,8 60,0 64,7 23,5 30,7 21.1
PANAMAX5Y 55,5 60,4 61,0 35,5 39,0 32.0
45K 5Y D/H 47,3 53,0 52,7 23,5 27,3 28.0
45K 10Y D/H 38,9 44,7 43,2 16,0 19,7 17.6
45K 20Y 13,2 12,8 16,0 4,0 6,7 5.8
PRICES BULKERS ($ MIO)
* Prices reflect end of year 2006* 2007* 2008* 2009* 2010* Oct-11
CAPESIZE 5Y 81,2 148,0 45,5 54,5 57,0 38.7
CAPESIZE 10Y 61,8 103,0 30,0 45,0 43,0 28.4
CAPESIZE 15Y 43,0 88,5 21,0 28,0 26,0 15.8
CAPESIZE 20Y 21,3 60,0 15.2 16,5 16,4 10.8
PANAMAX 5Y 45,4 89,0 25,5 35,0 38,5 26.7
PANAMAX 10Y 37,0 71,5 19,0 27,5 31,6 20.5
PANAMAX 15Y 27,7 61,0 12,5 22,0 23,1 14.0
PANAMAX 20Y 16,1 44,0 9,2 12,0 13,8 10.5
SUPRAMAX 5Y 40,0 74,5 24,0 27,5 31,9 26.5
HANDYMAX10Y 32,0 60,5 18,2 22,0 24,7 18.4
HANDYMAX15Y 22,1 46,0 13,0 17,5 20,0 13.7
HANDYMAX20Y 15,4 36,0 7,4 11,0 12,0 9.4
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
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S E C O N D H A N D T O N N A G E M A R K E T
*Excluding demolition sales
Sale and Purchase Market - Second Hand units
Ship Type May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Total
BULK 52 32 42 40 32 37 235 TANK 37 20 37 18 23 24 159 GAS 14 2 14 8 2 10 50 CONT 8 5 9 7 14 14 57 TWEEN 6 3 6 1 0 2 18 REEF 0 0 0 0 1 6 7 RORO 2 3 2 0 1 0 8 FERRY 2 1 2 0 0 0 5 CRUISE 0 0 0 0 0 1 1
Total 121 66 112 74 73 94 540
615
39
558
32
0
200
400
600
800
THIS MONTH - PREVIOUS MONTH
S&P Activity Dry (<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
196
24
165
23
0
100
200
300
THIS MONTH - PREVIOUS MONTH
S&P Activity - Tankers (<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
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TANKER SALES
803
619
892
659
710
0
200
400
600
800
1000
43 46 49 1 4 7 10 13 16 19 22 25 28 31 34 37 40
WEEK NO
Baltic Clean Tanker - Yearly
2011 2010
1061
661
1047
734 694
0
200
400
600
800
1000
1200
43 46 49 1 4 7 10 13 16 19 22 25 28 31 34 37 40
WEEK NO
Baltic Dirty Tanker - Yearly
2011 2010
691
725
716
704
686
660
670
680
690
700
710
720
730
26/09/2011 03/10/2011 10/10/2011 17/10/2011 24/10/2011
Baltic Clean Tanker - Monthly
714
823 856
0
200
400
600
800
1000
26/09/2011 03/10/2011 10/10/2011 17/10/2011 24/10/2011
Baltic Dirty Tanker - Monthly
NAME DWT BLT PRICE $ BUYER
KILSTRAUM 4618 1988 NORWAY DH 3.5 MIO RUSSIAN
WOO YEON 4897 1995 JAPAN DB 2.9 MIO INDONESIAN
FOUESNANT 6902 2001 S.KOREA DH 5.85 MIO NIGERIAN SICHEM PEACE 8801 2005 JAPAN DH 10 MIO UNDISCLOSED TRADEWIND OCEAN 9103 1992 JAPAN DH 3.05 MIO GREEK SPRING URSA 16026 1997 JAPAN DH 8.7 MIO SEA OIL GOLDEN MARINE 19741 2010 JAPAN DH 28.5 MIO SINGAPORE BASED HOLLY GALAXY 19975 2006 JAPAN DH 24.5 MIO NORWEGIAN PAFOS 41354 1993 JAPAN DH 7 MIO UNDISCLOSED NORTHERN STAR 47994 2003 JAPAN DH 22.5 MIO NORWEGIAN GENMAR REVENGE 96755 1994 S.KOREA DH 9.1 MIO GREEK SINGAPORE RIVER 107132 2002 JAPAN DH 21.5 MIO GREEK
TORM METTE 109672 2007 CHINA DH 37 MIO ENBLOC BSS▼ TORM MARIANNE 109672 2008 CHINA DH 37 MIO ENBLOC BSS▼ NEVERLAND SUN 115949 2009 S.KOREA DH 48 MIO ENBLOC BSS▼ NEVERLAND STAR 115952 2011 S.KOREA DH 52 MIO KAZAKHSTAN BASED
FRONT FIGHTER 147048 1994 UK DH 12.4 MIO UNDISCLOSED TITAN SEEMA 275546 1993 JAPAN DB 25 MIO PETROBRAS, BRAZIL SAGA UNITY 298920 2000 JAPAN DH 29.4 MIO GREEK SAGA JULIE 299089 2000 S.KOREA DH 30 MIO GREEK SAGA AGNES 299089 2000 S.KOREA DH 30.5 MIO GREEK SKY WING 299997 2002 JAPAN DH 34.5 MIO GREEK TAKASE 314250 1999 JAPAN DH 27.5 MIO GREEK MOGAMIGAWA 299999 2001 JAPAN DH 35 MIO SINOKOR, S.KOREA
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GAS SALES
10310
35050
15325
350013500235003350043500535006350073500
Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11
$/D
ay
Spot Market - Tankers VLCC
SUEZMAX
AFRAMAX
19820 18260
14620
0
5000
10000
15000
20000
25000
30000
35000
Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
NAME DWT BLT CBM PRICE $ BUYER
AISHA 2 4319 1991 JAPAN 3208 3 MIO S.KOREAN
GENT 26820 1985 BELGIUM 24504 8 MIO RAINTRADE, TURKEY
MAERSK RAS LAFFAN 73705 2004 S.KOREA 136199 * ENBLOC BSS▼
MAERSK QATAR 77803 2006 S.KOREA 145140 * ENBLOC BSS▼
MAERSK MERIDIAN 81929 2010 S.KOREA 163285 * ENBLOC BSS▼
WOODSIDE DONALDSON
82085 2009 S.KOREA 162620 * ENBLOC BSS▼
MAERSK MARIB 82114 2008 S.KOREA 163280 * ENBLOC BSS▼
MAERSK METHANE 82115 2008 S.KOREA 163195 * ENBLOC BSS▼
MAERSK ARWA 82187 2008 S.KOREA 163285 * ENBLOC BSS▼
MAERSK MAGELLAN 82265 2009 S.KOREA 163194 1.4 BIO TEEKAY LNG PARTNERS AND MARUBENI (Total Price)
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BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
MERMAID STAR 14026 1999 JAPAN CR 2X36 8.25 MIO HONG KONG BASED LADY BUSHRA 19505 1984 JAPAN D 4X25 4 MIO UNDISCLOSED VTC STAR 22273 1990 JAPAN CR 4X30 7.7 MIO UKRANIAN SUNRISE 86 23987 1981 JAPAN CR 4X25 2.9 MIO CHINESE
CARMEN SILVA 25739 1992 ROMANIA CR 3X25 2.7 MIO UNDISCLOSED (Via
Auction) FULL CITY 26758 1995 JAPAN CR 4X25.4 10.6 MIO UNDISCLOSED SPAR JADE 30674 1985 JAPAN CR 4X25 4 MIO SINGAPOREAN
CLIPPER KIKUSHIO 32317 2006 JAPAN CR 4X30.5 23.5 MIO OCEAN LONGEVITY SHIPPING, HONG KONG
SIAM GARNET 35501 1984 JAPAN CR 4X25 4.5 MIO CHINESE DONG FANG XING 36428 1972 RUSSIA CR 6X10 3.6 MIO CHINESE
DE SHAN 37489 1984 JAPAN CR 3X30, CR
2X15 5.5 MIO CHINESE
SHUN FU STAR 38110 1982 JAPAN GLESS 4 MIO EUROPEAN ALHANDRA 38888 1985 JAPAN CR 4X25 6.3 MIO UNDISCLOSED C RHAPSODY 41543 1983 JAPAN CR 5X12.50 5 MIO CHINESE CRYSTAL SEAS 43222 1995 S.KOREA CR 4X25 14 MIO UNDISCLOSED DRY BEAM 46619 2005 JAPAN CR 4X30 22.5 MIO UNDISCLOSED OCEAN SUNRISE 48203 1999 JAPAN CR 4X25 16.9 MIO UNDISCLOSED SANKO SUPREME 50655 1999 JAPAN CR 4X30 17.5 MIO UNDISCLOSED OCEAN SPIRIT 55614 2006 CHINA CR 4X30 25 MIO UNDISCLOSED ATLANTIC ADVENTURE 55709 2006 JAPAN CR 4X30 28.8 MIO S.KOREAN SUNNY GLOBE 55715 2005 JAPAN CR 8X30 25 MIO UNDISCLOSED
740 794
829
600
650
700
750
800
850
26/09/2011 03/10/2011 10/10/2011 17/10/2011 24/10/2011
Baltic Handysize
21503
1545
1594 1612
1584
1400
1450
1500
1550
1600
1650
26/09/2011 03/10/2011 10/10/2011 17/10/2011 24/10/2011
Baltic Supramax
2
1742
2084 2099
0
500
1000
1500
2000
2500
26/09/2011 03/10/2011 10/10/2011 17/10/2011 24/10/2011
Baltic Panamax
4
3021
3474
3451
3638
0
500
1000
1500
2000
2500
3000
3500
4000
26/09/2011 03/10/2011 10/10/2011 17/10/2011 24/10/2011
Baltic Capesize
44 4438
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ZHEJIANG ZENGZHOU 002 57000 2012 CHINA CR 4X30 27 MIO UNDISCLOSED TRIDENT ENDEAVOR 68788 1990 S.KOREA GLESS 10 MIO EUROPEAN ENERGY ROSE 70257 1997 JAPAN GLESS 15 MIO CHINESE BUNGA SAGA 9 73127 1999 S.KOREA GLESS 16.5 MIO GREEK MADDALENA D' AMATO 74716 2001 CHINA GLESS 17.5 MIO UNDISCLOSED GH POWER 76421 2002 JAPAN GLESS 19.5 MIO GREEK C. OASIS 165693 1996 TAIWAN GLESS 17 MIO S.KOREAN CAPE WAKABA 171978 1996 JAPAN GLESS 18.25 MIO GREEK HENG SHAN 174145 2007 CHINA GLESS 37 MIO UNDISCLOSED PEPPE RIZZO 177000 2011 CHINA GLESS 50 MIO GREEK
UNIVERSAL TSU 134 205000 2011 JAPAN GLESS * ENBLOC BSS▼
UNIVERSAL TSU 135 205000 2011 JAPAN GLESS 56.3 MIO TAIWANESE (Price
Each) UNIVERSAL TSU 147 205000 2012 JAPAN GLESS 56.3 MIO CHINA STEEL UNIVERSAL ARIAKE 157 297500 2012 JAPAN GLESS 75 MIO FAR EASTERN
31865
13050
12040
05000
1000015000200002500030000350004000045000
Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11
$/D
ay
Spot Market - Bulkers CAPESIZE
PANAMAX
HANDYMAX
20200
14650
12045
0
5000
10000
15000
20000
25000
30000
35000
Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11
$/D
ay
Period Market - Bulkers 1 Year T/C
CAPE
PMAX
HANDYMAX
44
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COMBO SALES
NAME DWT BLT GEAR PRICE $ BUYER
FRONT STRIVER 169204 1992 S.KOREA GLESS 12.5 MIO UNDISCLOSED
TWEEN SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
SEE ADLER 2285 1985 GERMANY GLESS 96 0.65 MIO TURKISH BERONIKE 2470 1985 GERMANY GLESS 133 0.65 MIO TURKISH
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
JIN MAN HAI 4900 1997 GERMANY GLESS 366 2 MIO ENBLOC BSS▼ JIN MAN HE 4906 1996 GERMANY GLESS 366 2 MIO CANADIAN (Price Each) JIN MAN YANG 9618 1997 GERMANY GLESS 672 4.7 MIO UNDISCLOSED NEDLLOYD JULIANA
34273 2003 S.KOREA CR 4X40 2556 30 MIO UNDISCLOSED (Incl 2 Yrs TC
to Maersk at USD 19000 PD)
CAP SAN LORENZO 51046 2001 S.KOREA CR 2X45 3739 * ENBLOC BSS▼ CAP SAN RAPHAEL 51059 2002 S.KOREA CR 2X45 3739 * ENBLOC BSS▼ CAP SAN ANTONIO
51060 2001 S.KOREA CR 2X45 3739 * ENBLOC BSS▼
CAP SAN MARCO 51087 2001 S.KOREA CR 2X45 3739 * ENBLOC BSS▼ CAP SAN AUGUSTIN
51087 2001 S.KOREA CR 2X48 3739 * ENBLOC BSS▼
CAP SAN NICOLAS 51101 2001 S.KOREA CR 2X45 3739 33.5 MIO GREEK (Price Each)
OOCL CHINA 67625 1996 S.KOREA GLESS 5344 * ENBLOC BSS▼ OOCL HONG KONG
67637 1995 S.KOREA GLESS 5344 * ENBLOC BSS▼
OOCL AMERICA 67741 1995 JAPAN GLESS 5344 * ENBLOC BSS▼
OOCL CALIFORNIA 67765 1995 JAPAN GLESS 5344 31 MIO GREEK (Incl TCBack to OOCL
at USD 16000 Pd)
REEFER SALES
NAME DWT BLT GEAR CBFT PRICE $ BUYER
SAN ANTONIO 9360 1988 GERMANY D 2X10, D 7X5 470643 * ENBLOC BSS▼ SAN LUIS 9360 1989 GERMANY D 2X10, D 7X5 465592 * ENBLOC BSS▼ SALVADOR 9942 1993 GERMANY D 2X10, D 7X5 470607 * ENBLOC BSS▼ SAN PAULO 10021 1986 GERMANY D 2X10, D 7X5 469901 * ENBLOC BSS▼ PAMYAT ILICHA 11714 1988 GERMANY D 2X10, D 7X5 470607 * ENBLOC BSS▼ PAMYAT KIROVA 11713 1987 GERMANY D 2X10, D 7X5 24 MIO GREEK (Price Each)
RORO SALES
NAME GT BLT LANE MTS/CARS PAX PRICE $ BUYER
RIO 16710 1971 ITALY
980 4.8 MIO UNDISCLOSED (Via
Auction)
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 T S
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Dry Bulk Orderbook
Ship Type 2011 (deliv) 2011 2012 2013 2014 2015 2016+ Total
VLOC 20 11 44 18 9 1 0 83
Capesize 148 70 160 68 7 7 0 312
Small Cape 102 46 118 24 7 0 0 195
Panamax 150 100 420 176 42 0 0 738
Supramax 270 135 400 160 8 1 0 704
Handys 205 105 312 136 16 0 0 569
Total 895 467 1454 582 89 9 0 2601
Tanker Orderbook
Ship Type 2011 (deliv) 2011 2012 2013 2014 2015 2016+ Total
ULCC/VLCC 50 23 62 42 10 0 0 137
Suezmax 38 13 59 36 4 0 0 112
Aframax 46 17 54 23 5 0 0 99
Panamax 25 10 19 15 2 0 0 46
MR 62 14 84 45 1 0 0 144
Handy 17 12 9 3 0 0 0 24
Total 238 89 287 164 22 0 0 562
LPG Tank Orderbook
Ship Type 2011 (deliv) 2011 2012 2013 2014 2015+ Total
VLGC 1 2 2 9 0 0 13
LGC 0 0 0 0 0 0 0
MR 3 1 2 0 0 0 3
Handy 5 3 12 9 1 1 26
Small 27 24 30 6 3 3 66
Total 36 30 46 24 4 4 108
99.5
61.8 52.7
35.4
0
20
40
60
80
100
120
Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11
$m
Tanker Prices VLCC Suezmax
Aframax MR
1
5
3
49.3
28.7
26.8 23.4
0
10
20
30
40
50
60
70
Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11
$m
Bulker Prices Capesize Panamax
Handymax Handysize
5
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
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80
215
97
191
972
231
7
121 52
0
100
200
300
400
500
600
700
800
900
1000
2009 2010 Oct-11
No
. o
f V
es
se
ls
Newbuilding Sales Tankers >10,000 dwt
Bulkers >10,000 dwt
Containerships
59.3
115
57
20
44.9
33
0
20
40
60
80
100
120
140
Oct-11 2012 2013+
m. d
wt
Delivery Schedule Bulkers >10,000 dwt.
Tankers >10,000 dwt
45.5
19.4
11.7
4
14.6
0
5
10
15
20
25
30
35
40
45
50
October 2011
m.
dw
t
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products
102
67
40.5
21
0
20
40
60
80
100
120
October 2011
m. d
wt
Bulker Newbuildings on Order Capesize Panamax
Handymax Handysize
Newbuilding Historical Prices ($m)
Tankers Oct-11 2010 2009 2008 2007 2006 2005 2004 2003 2001 1995 1990 1985
310,000 DWT1 99.5 104.8 97.5 150 145 130 120 108 77.1 69.9 85.3 87.4 2 38.2
170,000 DWT1 61.8 66.3 61 90 90 80 71.5 71 51.4 46.3 54 66.1 2 28.2
110,000 DWT1 52.7 56 49.5 74 72 65.5 58 60 41.4 36.3 43.3 53.2 2 18.1
47,000 DWT1 35.4 36.1 35 46.5 52 47 43 39 31.4 26.2 33.2 3
32.1 3
13.3
Bulkers
180,000 DWT1 49.3 57.2 55.5 87 96 67 58.5 64.5 48.2 35.8 42.3 60.2 29.3
73,000 DWT1 28.7 34.3 34.5 45.5 54 39.5 36 37 27.1 20.3 27.9 30 13.4
45,000 DWT 26.8 31.1 29 41 47.5 37 31 30 24.1 18.4 24.1 25.3 12.4
29,000 DWT 23.4 26.3 24.5 31 34 27.5 25.5 24 18.1 14.2 19.2 21.3 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 / Won relation for the years mentioned)
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The Shipbuilding Market
TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
BULK 63500 Dayang S.B. 2012 31 Mio Ciner Denizcilik
BULK 63500 Dayang S.B. 2012 31 Mio Ciner Denizcilik
BULK 63500 Dayang S.B. 2013 31 Mio Ciner Denizcilik
BULK 63500 Dayang S.B. 2013 31 Mio Ciner Denizcilik
CONT 10000 Rongcheng Shenfei 2013 25 Mio Eimskip
CONT 10000 Rongcheng Shenfei 2013 25 Mio Eimskip
CRUISE STX Finnyards 2014 607.5 Mio Tui Cruises
CRUISE STX Finnyards 2015 607.5 Mio Tui Cruises
LNG 85000 STX Shipbuild. 2015 Alpha Tankers & Frt,
LNG 85000 STX Shipbuild. 2015 Alpha Tankers & Frt,
LNG 85000 Daewoo 2014 Stena Bulk AB
LNG 85000 Daewoo 2014 Stena Bulk AB
LPG 26500 Hyundai Mipo 2013 KSS Line Ltd
MPP 7700 Ferus Smit 2013 Arklow Shipping Ltd.
MPP 7700 Ferus Smit 2013 Arklow Shipping Ltd.
MPP 7700 Ferus Smit 2013 Arklow Shipping Ltd.
MPP 7700 Ferus Smit 2014 Arklow Shipping Ltd.
MPP 7700 Ferus Smit 2014 Arklow Shipping Ltd.
MPP 7700 Ferus Smit 2014 Arklow Shipping Ltd.
PSV 5400 Baltic Shipyard 2013 31.3 Mio Tanjung Offshore
RORO 5000 Tsuji H.I. 2013 38 Mio Nor Lines AS
RORO 5000 Tsuji H.I. 2013 38 Mio Nor Lines AS
RORO 12600 Hyundai Mipo 2013 Maritime Nantaise
RORO 12600 Hyundai Mipo 2013 Maritime Nantaise
RORO 12600 Hyundai Mipo 2013 Maritime Nantaise
TANKER 115000 Aker Philadelphia 2014 SeaRiver Maritime
TANKER 115000 Aker Philadelphia 2014 SeaRiver Maritime
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D E M O L I T I O N M A R K E T
Demolition Historical Average Prices
485 485 486 506 507 498 497 498 505 492
180230280330380430480530580630680730780
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
$
Tankers 2008 2009
2010 2011
455 447 465 479 484 473 472 473 484 464
180230280330380430480530580630680730
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
$
Bulkers 2008 2009
2010 2011
Demolition Prices
Gen Cargo Tanker India USD 475 /lt Ldt USD 505 /lt Ldt
Pakistan USD 490 /lt Ldt USD 525 /lt Ldt
Bangladesh USD 480 /lt Ldt USD 510 /lt Ldt
China USD 410 /lt Ldt USD 430 /lt Ldt
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India
13.4 27
28.65 26.9
38 25.6
14.5 4.9
2.35 4.6
3.8 15.9
16.7 18.9
15.5 18
15.6 25
30.5 22.4
28.4 28.5
27 10
5.5 6.5
5 12
28.9 25.7
28.1
0 5 10 15 20 25 30 35 40
1981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011
Million dwt
Year
Total Demolition
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK KAPITAN BOCHEK 19253 1982 6421 512
BULK NEW LEGEND FORTUNE 23601 1980 5700 515 Incl Min 220 T IFO
BULK ZIEMIA CHELMINSKA 26700 1984 6622 507
BULK WALES II 27419 1975 6100 505
BULK ASMA 1 32244 1983 7122 508
BULK HOOTAN 33856 1976 7933 500
BULK GOLDEN ARROW II 34488 1977 789 510
CONT MSC TUSCANY 24383 1978 9228 520
CONT MSC AURELIE 40379 1979 16854 540
REEF SARAMATI 7188 1986 3927 491
RORO GLOBAL FREIGHTER 8911 1977 5960 510
RORO FALCON EYE III 12800 1987 5280 475
RORO CAPTAIN KURBATSKIY 19943 1983 10900 515
TANK CHINA SPIRIT 16420 1976 6344 580
TANK JAG PARI 29139 1982 8774 530 Asis Colombo With Approx 300 T MGO RoB
TANK LIBERATOR T 39350 1996 10561 520
TANK LOUKA 68159 1989 16248 540
TWEEN MONA S 13593 1987 6955 520
TWEEN CAPTAIN MAHDI 14534 1979 6756 505
TWEEN MWAFAK 14763 1977 4891 515
TWEEN WESTON 14937 1979 6905 522
REEF CLOUDY BAY 11779 1984 6223 495
REEF BOSFOR 13283 1979 480
BULK KAPITAN BOCHEK 19253 1982 6421 512
BULK NEW LEGEND FORTUNE 23601 1980 5700 515 Incl Min 220 T IFO
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Bangladesh
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK XING HUA 27476 1977 6622 515
BULK KS TRUST 40847 1979 8428 515
BULK AUSTRALIA 172972 1993 27230 508
RORO OSTEND SPIRIT 3832 1992 6090 515
TANK JAVA SEA 99016 1991 17444 545
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK FORSHANG 1 20335 1977 5215 430
BULK LUCKY OCEAN 22235 1980 5437 450
BULK SEA COUNTESS 38101 1982 9497 445
BULK ZORINA 46745 1982 11688 452
RORO PALANGA 4788 1979 5868 355 Asis New Zealand With 225 T IFO RoB
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
TANK ANJANI 36882 1985 8385 520
TANK NOSTOS 91717 1989 13592 540
TANK PAROS WARRIOR 93823 1989 17335 530
TANK ALMIRANTE BRION 95922 1990 14219 520
Turkey
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK AMER F 4208 1978 1948 360
Other
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK HONG KONG STAR 41454 1982 8969 510
BULK ZHENG HANG 63942 1983 12432 512
TANK EVI KNUTSEN 146230 1989 21070 446 Asis Curacao Incl 700 T IFO
BULK ZIEMIA CHELMINSKA 26700 1984 6622 507
BULK WALES II 27419 1975 6100 505
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
14
M A R K E T I N D I C A T O R S
GBP CAD EUR JPY CHF USD
AUD
GBP 1 0.6214 0.8701 0.00822 0.7105 0.6253 0.6541
CAD 1.61 1 1.4007 0.013232 1.1438 1.0065 1.053
EUR 1.1495 0.7142 1 0.009448 0.8166 0.7187 0.7518
JPY 121.692 75.6029 105.872 1 86.45 76.0777 79.5892
CHF 1.4079 0.8748 1.2249 0.011572 1 0.8803 0.9209
USD 1.5996 0.9938 1.3916 0.013146 1.1364 1 1.0462
AUD 1.5293 0.9501 1.3304 0.012568 1.0864 0.9561 1 * 26/10/11 values
70
75
80
85
90
95
100
105
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
01/10/10 01/12/10 01/02/11 01/04/11 01/06/11 01/08/11 01/10/11
USD
-JP
Y
USD
-EU
R
Currencies USD-EURO
USD-JPY
0
20
40
60
80
100
120
140
01/10/10 01/12/10 01/02/11 01/04/11 01/06/11 01/08/11 01/10/11
$/B
arre
l
Brent Oil
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
15
S T O C K W A T C H
NAME TICKER THIS
MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW
NewLead Holdings NEWL 0.75 0.80 -6.3 4.54 0.53
Capital Product Partners
CPLP 6.90 6.32 9.2 11.39 4.85
Diana Shipping DSX 7.98 8.11 -1.6 14.23 6.59
Dryships DRYS 2.57 2.64 -2.7 6.44 1.75
Eagle Bulk EGLE 1.50 1.83 -18 5.75 1.26
Euroseas ESEA 3.14 3.02 4 5.28 2.85
Excel Martime EXM 2.96 2.32 27.6 6.63 1.63
Freeseas FREE 0.93 0.90 3.3 5.08 0.62
Genco Shipping &Trading
GNK 8.83 7.96 10.9 18.08 4.15
General Maritime GMR 0.27 0.33 -18.2 4.46 0.12
Goldenport GPRT N/A N/A N/A N/A N/A
Navios NM 3.70 3.51 5.4 6.29 2.88
Omega Navigation ONAV N/A N/A N/A N/A N/A
Paragon PRGN 1.06 0.91 16.5 4.00 0.66
Safe Bulkers SB 6.65 6.58 1.1 9.78 5.28
Star Bulk SBLK 1.40 1.41 -0.7 3.23 1.00
Stealthgas GASS 4.19 4.05 3.5 8.80 3.40
TEN TNP 5.99 5.89 1.7 12.79 5.10
TOP Ships TOPSD 2.16 1.32 63.6 11.60 1.00
* 26/10/2011 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.