ATHENIAN SHIPBROKERS S.A.drg.blob.core.windows.net/hellenicshippingnewsbody/pdf/... · 2014. 5....

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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 December 2011 MONTHLY REPORT 0 2000 4000 6000 8000 10000 12000 Dec-01 Apr-02 Aug-02 Dec-02 Apr-03 Aug-03 Dec-03 Apr-04 Aug-04 Dec-04 Apr-05 Aug-05 Dec-05 Apr-06 Aug-06 Dec-06 Apr-07 Aug-07 Dec-07 Apr-08 Aug-08 Dec-08 Apr-09 Aug-09 Dec-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11 Dec-11 Baltic Dry Index PRICES TANKERS ($ MIO) * Prices reflect Year’s end 2006* 2007* 2008* 2009* 2010* Dec-11 VLCC 5Y 117,2 136,0 155,8 78,0 87,8 55.6 VLCC 10Y 95,8 114,5 131,0 59,5 64,3 34.1 SUEZMAX 5Y 81,0 95,5 106,0 57,0 62,8 45.6 AFRAMAX 5Y 65,3 70,0 76,8 40,5 44,5 34.7 AFRAMAX10Y 51,8 60,0 64,7 23,5 30,7 19.3 PANAMAX5Y 55,5 60,4 61,0 35,5 39,0 30.9 45K 5Y D/H 47,3 53,0 52,7 23,5 27,3 25.8 45K 10Y D/H 38,9 44,7 43,2 16,0 19,7 15.8 45K 20Y 13,2 12,8 10,0 4,0 6,7 6.0 PRICES BULKERS ($ MIO) * Prices reflect Year’s end 2006* 2007* 2008* 2009* 2010* Dec-11 CAPESIZE 5Y 81,2 148,0 45,5 54,5 57,0 36.3 CAPESIZE 10Y 61,8 103,0 30,0 45,0 43,0 26.8 CAPESIZE 15Y 43,0 88,5 21,0 28,0 26,0 15.2 CAPESIZE 20Y 21,3 60,0 15.2 16,5 16,4 10.5 PANAMAX 5Y 45,4 89,0 25,5 35,0 38,5 26.4 PANAMAX 10Y 37,0 71,5 19,0 27,5 31,6 18.6 PANAMAX 15Y 27,7 61,0 12,5 22,0 23,1 12.4 PANAMAX 20Y 16,1 44,0 9,2 12,0 13,8 8.1 SUPRAMAX 5Y 40,0 74,5 24,0 27,5 31,9 26.4 HANDYMAX10Y 32,0 60,5 18,2 22,0 24,7 18.0 HANDYMAX15Y 22,1 46,0 13,0 17,5 20,0 11.1 HANDYMAX20Y 15,4 36,0 7,4 11,0 12,0 7.9

Transcript of ATHENIAN SHIPBROKERS S.A.drg.blob.core.windows.net/hellenicshippingnewsbody/pdf/... · 2014. 5....

  • 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 2011

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    PRICES TANKERS ($ MIO)

    * Prices reflect Year’s end 2006* 2007* 2008* 2009* 2010* Dec-11

    VLCC 5Y 117,2 136,0 155,8 78,0 87,8 55.6

    VLCC 10Y 95,8 114,5 131,0 59,5 64,3 34.1

    SUEZMAX 5Y 81,0 95,5 106,0 57,0 62,8 45.6

    AFRAMAX 5Y 65,3 70,0 76,8 40,5 44,5 34.7

    AFRAMAX10Y 51,8 60,0 64,7 23,5 30,7 19.3

    PANAMAX5Y 55,5 60,4 61,0 35,5 39,0 30.9

    45K 5Y D/H 47,3 53,0 52,7 23,5 27,3 25.8

    45K 10Y D/H 38,9 44,7 43,2 16,0 19,7 15.8

    45K 20Y 13,2 12,8 10,0 4,0 6,7 6.0

    PRICES BULKERS ($ MIO)

    * Prices reflect Year’s end 2006* 2007* 2008* 2009* 2010* Dec-11

    CAPESIZE 5Y 81,2 148,0 45,5 54,5 57,0 36.3

    CAPESIZE 10Y 61,8 103,0 30,0 45,0 43,0 26.8

    CAPESIZE 15Y 43,0 88,5 21,0 28,0 26,0 15.2

    CAPESIZE 20Y 21,3 60,0 15.2 16,5 16,4 10.5

    PANAMAX 5Y 45,4 89,0 25,5 35,0 38,5 26.4

    PANAMAX 10Y 37,0 71,5 19,0 27,5 31,6 18.6

    PANAMAX 15Y 27,7 61,0 12,5 22,0 23,1 12.4

    PANAMAX 20Y 16,1 44,0 9,2 12,0 13,8 8.1

    SUPRAMAX 5Y 40,0 74,5 24,0 27,5 31,9 26.4

    HANDYMAX10Y 32,0 60,5 18,2 22,0 24,7 18.0

    HANDYMAX15Y 22,1 46,0 13,0 17,5 20,0 11.1

    HANDYMAX20Y 15,4 36,0 7,4 11,0 12,0 7.9

    mailto:[email protected]://www.atheniansa.gr/

  • www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.

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    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

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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 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Total BULK 42 40 32 37 46 28 225 TANK 37 18 23 24 29 19 150 GAS 14 8 2 10 0 6 40 CONT 9 7 14 14 6 3 53 TWEEN 6 1 0 2 2 2 13 REEF 0 0 1 6 1 0 8 RORO 2 0 1 0 0 0 3 FERRY 2 0 0 0 1 0 3 CRUISE 0 0 0 1 0 0 1

    Total 112 74 73 94 85 58 496

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    TANKER SALES

    NAME DWT BLT PRICE $ BUYER

    BUSY BEE 3991 1993 JAPAN DB 2.6 MIO UNDISCLOSED

    NEPTUNUS 7035 1991 NETHERLANDS DH 6 MIO MEXICAN

    SPRING LYRA 16020 2000 JAPAN DH 8 MIO NORWEGIAN SANKO NATURE 19999 2011 JAPAN DH 28 MIO TAIWIND SHIPPING ALPINE MAGIC 47128 2009 S.KOREA DH 38 MIO PEMEX, MEXICO ALPINE MAGNOLIA 50275 2009 S.KOREA DH 38 MIO PEMEX, MEXICO ICE BLIZZARD 63589 2008 S.KOREA DH 36 MIO SONOMAR

    NEWLEAD COMPASS 72768 2006 CHINA DH * ENBLOC BSS▼ NEWLEAD COMPASSION

    72782 2006 CHINA DH * ENBLOC BSS▼

    NEWLEAD AVRA 73400 2004 CHINA DH * ENBLOC BSS▼ NEWLEAD FORTUNE 73495 2004 CHINA DH 145 MIO BW SHIPPING, CHINA (Total Price)

    SUMITOMO 1371 104280 2011 JAPAN DH 43 MIO GREEK SUMITOMO 1372 104280 2011 JAPAN DH 43.5 MIO GREEK

    DS POWER 109354 2000 CHINA DH 15 MIO UNDISCLOSED (Via Auction in Rotterdam)

    DS PERFORMER 109693 1999 CHINA DH 15 MIO UNDISCLOSED (Via Auction in Rotterdam)

    SUNGDONG 2032 158000 2011 S.KOREA DH 53 MIO RIDGEBURY TANKERS SUNGDONG 2033 158000 2011 S.KOREA DH 53 MIO RIDGEBURY TANKERS AROSA 291381 1993 JAPAN DH 23.5 MIO MALAYSIAN HEBEI MOUNTAIN 307050 1995 JAPAN DH 21 MIO UNDISCLOSED

    616

    892

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    718

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

    WEEK NO

    Baltic Clean Tanker - Yearly

    2011 2010

    660

    1047

    844

    734 674

    842

    783

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    1000

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

    WEEK NO

    Baltic Dirty Tanker - Yearly

    2011 2010

    725 741

    768

    864

    902

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    500

    600

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    1000

    30/11/2011 07/12/2011 14/12/2011 21/12/2011

    Baltic Clean Tanker - Monthly

    776 776

    882

    869

    939

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    600

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    30/11/2011 07/12/2011 14/12/2011 21/12/2011

    Baltic Dirty Tanker - Monthly

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    GAS SALES

    NAME DWT BLT CBM PRICE $ BUYER

    BUNGA KEKWA 3053 1995 JAPAN 3514 4.2 MIO INDONESIAN

    SHUN YAUN 103 2552 1980 JAPAN 3028 * ENBLOC BSS▼

    SHUN YUAN 105 3702 1981 JAPAN 3028 2 MIO UNDISCLOSED (Price Each)

    HUMMINGBIRD 3851 2006 JAPAN 3500 13 MIO JAPANESE (Incl TC Attached)

    KENSINGTON 8680 2008 JAPAN 10805 30 MIO AYGAZ

    RENE 28095 2002 S.KOREA 35512 39 MIO ANTHONY VEDER, NETHERLANDS (Incl 2 Yrs BB)

    26053

    22216 26004

    350013500235003350043500535006350073500

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    SUEZMAX

    AFRAMAX

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    13500

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    http://www.atheniansa.gr/

  • www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.

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    BULKER SALES

    NAME DWT BLT GEAR PRICE $ BUYER

    TANGO 1472 1976 JAPAN GLESS 1.25 MIO PETERSEN SORENSEN, NORWAY

    VELOX 3502 1992 NETHERLANDS GLESS UNDISCLOSED (EUR 1.3 Mio) ROYAL STAR 7857 2006 INDONESIA GLESS 4 MIO UNDISCLOSED

    BELUGA SYDNEY 16543 2010 CHINA CR 2X400, CR

    1X120 DUTCH (EUR 26.76 Mio. Via

    Auction)

    BLUE SKY 17825 1985 JAPAN DR 4X20 3 MIO UNDISCLOSED PIRAN 18242 1987 YUGOSLAVIA CR 4X25 4.25 MIO UNDISCLOSED AMBER VITA 29089 1995 ROMANIA CR 4X25 5.7 MIO ROMANIAN

    SOUTHERN SPIRIT 29482 1998 JAPAN CR 4X31 14 MIO UNDISCLOSED (Incl 3 Yrs TC Back at USD 10000 Pd)

    HUI SHENG 37635 1984 BRAZIL CR 2X35, CR

    2X25 4.8 MIO UNDISCLOSED

    PRINCE OF OCEAN 41639 1991 JAPAN CR 3X12.5 4.5 MIO CHINESE (Via Auction. Woodchip Carrier)

    STAR SEA BULKER 42717 1997 JAPAN CR 4X30 11.5 MIO GREEK

    OJI NEW CENTURY 43906 1996 JAPAN CR 3X15 11.75

    MIO UNDISCLOSED (Woodchip Carrier)

    SHIN TONAMI 47002 1991 JAPAN CR 3X14.5 7.5 MIO UNDISCLOSED MANDAKINI 47195 1986 S.KOREA CR 5X25 3.6 MIO GREEK VARANASI 47351 1987 S.KOREA CR 5X25 4.7 MIO GREEK OCEAN SUNRISE 48203 1999 JAPAN CR 4X25 13.4 MIO UNDISCLOSED CURIA 51029 2001 JAPAN CR 4X30 19.5 MIO GREEK NORD MARINER 53459 2005 JAPAN CR 4X30.5 24 MIO GREEK SANKO KING 56678 2008 JAPAN CR 4X30 25.8 MIO GREEK

    620

    590 583

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    Baltic Handysize

    2

    1359 1322

    1230 1187

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    1400

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    Baltic Supramax

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    Baltic Panamax

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    Baltic Capesize

    44 4438

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  • www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.

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    OPAL HALO 58786 2008 JAPAN CR 4X30 27.3 MIO UNDISCLOSED HELLENIC SKY 68591 1994 JAPAN GLESS 13 MIO CHINESE STAR FLOWER 69006 1987 JAPAN GLESS 6.5 MIO CHINESE (Coal Carrier) B INDONESIA 70424 1990 S.KOREA CR 4X25 7.8 MIO INDONESIAN MAR REINA 72474 1998 JAPAN GLESS 15.8 MIO GREEK HYUNDAI MIPO 6063 82000 2012 S.KOREA GLESS 34 MIO GREEK ETERNAL POWER 97045 2004 JAPAN GLESS 27.5 MIO UNDISCLOSED CAROUGE 149383 1992 TAIWAN GLESS 10.7 MIO CHINESE DAPHNE 169159 2000 S.KOREA GLESS 25 MIO GREEK

    TWEEN SALES

    NAME DWT BLT GEAR TEU PRICE $ BUYER

    VINA 2226 1969 GERMANY GLESS 72 1.2 MIO PETERSEN SORENSEN, NORWAY

    CB CONFIDENCE 16248 1986 SPAIN CR 4X12.5 519 3 MIO UNDISCLOSED

    CONTAINER SALES

    NAME DWT BLT GEAR TEU PRICE $ BUYER

    WEC FRANS HALS 7200 1997 GERMANY GLESS 700 3.9 MIO UNDISCLOSED CHIANGMAI BRIDGE 18053 2002 JAPAN DR 1X4, DR 1X2 1032 11 MIO SITC, CHINA TASMAN PATHFINDER

    22551 1991 JAPAN CR 1X35, CR 4X25 950 5.1 MIO UNDISCLOSED

    31992

    10389

    9167

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    CAPE

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    HANDYMAX

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    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

    Dry Bulk Orderbook Ship Type 2011 (deliv) 2011 2012 2013 2014 2015 2016+ Total

    VLOC 26 5 49 14 10 2 0 80

    Capesize 183 19 170 72 7 7 0 275

    Small Cape 120 6 139 23 8 0 0 176

    Panamax 191 26 474 187 44 0 0 731

    Supramax 321 25 450 168 16 1 0 660

    Handys 254 20 355 157 19 1 0 552

    Total 1095 101 1637 621 104 11 0 2474

    Tanker Orderbook Ship Type 2011 (deliv) 2011 2012 2013 2014 2015 2016+ Total

    ULCC/VLCC 61 12 61 43 7 0 0 123

    Suezmax 43 2 61 39 4 0 0 106

    Aframax 57 12 53 23 5 0 0 93

    Panamax 28 1 24 16 2 0 0 43

    MR 69 2 82 51 5 0 0 140

    Handy 22 1 13 4 0 0 0 18

    Total 280 30 294 176 23 0 0 523

    LPG Tank Orderbook Ship Type 2011 (deliv) 2011 2012 2013 2014 2015+ Total

    VLGC 3 0 3 10 0 0 13

    LGC 0 0 0 0 0 0 0

    MR 4 0 2 1 0 0 3

    Handy 9 0 12 9 1 1 23

    Small 35 15 36 5 3 3 62

    Total 51 15 53 25 4 4 101

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    80

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    Products92

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    Newbuilding Historical Prices ($m)

    Tankers Dec-11 2010 2009 2008 2007 2006 2005 2004 2003 2001 1995 1990 1985

    310,000 DWT1 98.9 104.8 97.5 150 145 130 120 108 77.1 69.9 85.3 87.4 2 38.2

    170,000 DWT1 60.3 66.3 61 90 90 80 71.5 71 51.4 46.3 54 66.1 2 28.2

    110,000 DWT1 52.2 56 49.5 74 72 65.5 58 60 41.4 36.3 43.3 53.2 2 18.1

    47,000 DWT1 35.2 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 48.4 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 26.7 31.1 29 41 47.5 37 31 30 24.1 18.4 24.1 25.3 12.4

    29,000 DWT 22.2 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 LPG 26000 Hyundai Mipo 2013 Geogas Maritime SAS

    LPG 26001 Hyundai Mipo 2014 Geogas Maritime SAS Option

    LPG 26002 Hyundai Mipo 2015 Geogas Maritime SAS Option

    BULK 206000 Shanghai Waigaoqiao 2013 53 Mio Polembros Shpg

    BULK 206000 Shanghai Waigaoqiao 2014 53 Mio Polembros Shpg

    PROD 37500 Guangzhou S.Y. Int. 2013 36 Mio Tomasos Brothers

    PROD 37500 Guangzhou S.Y. Int. 2013 36 Mio Tomasos Brothers

    PROD 37500 Guangzhou S.Y. Int. 2014 36 Mio Tomasos Brothers

    PROD 37500 Guangzhou S.Y. Int. 2014 36 Mio Tomasos Brothers

    BULK 64000 Jinhai Heavy Ind. 2014 Kyma Shp Mngt

    BULK 64000 Jinhai Heavy Ind. 2014 Kyma Shp Mngt Option

    LNG 86000 Hyundai Samho 2014 Maran Gas Maritime

    LNG 86000 Hyundai Samho 2014 Maran Gas Maritime

    CONT 120000 Hudong Zhonghua 2014 China Shipping Cont

    CONT 120000 Hudong Zhonghua 2014 China Shipping Cont

    BULK 36000 Weihai Samjin 2013 Bocimar N.V.

    BULK 36000 Weihai Samjin 2013 Bocimar N.V.

    BULK 36000 Weihai Samjin 2013 Bocimar N.V.

    BULK 36000 Weihai Samjin 2013 Bocimar N.V.

    BULK 36000 Weihai Samjin 2014 Bocimar N.V.

    BULK 36000 Weihai Samjin 2014 Bocimar N.V.

    BULK 36000 Weihai Samjin 2014 Bocimar N.V. Option

    BULK 36000 Weihai Samjin 2014 Bocimar N.V. Option

    BULK 36000 Weihai Samjin 2015 Bocimar N.V. Option

    BULK 36000 Weihai Samjin 2015 Bocimar N.V. Option

    CONT 28000 Hyundai Mipo 2013 29 Mio Nam Sung Shpg. Co.

    CONT 28000 Hyundai Mipo 2013 29 Mio Nam Sung Shpg. Co.

    CONT 28000 Hyundai Mipo 2013 29 Mio Nam Sung Shpg. Co.

    ACCOM. RIG Jurong Shipyard 2014 350 Mio Prosafe SE

    MPP 17500 Dae Sun S.B. 2013 24.5 Mio ISCMT

    MPP 17500 Dae Sun S.B. 2013 24.5 Mio ISCMT

    MPP 17500 Dae Sun S.B. 2014 24.5 Mio ISCMT

    RORO/CONT 19500 Flensburger S.E. 2013 Canadian

    BULK 74500 Japanese 2014 Safe Bulkers Inc.

    LPG 50000 Kawasaki H.I. Kumiai Nav. Pte. Ltd

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    12

    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

    339

    470

    180230280330380430480530580630680730780

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

    $

    Tankers 2008 20092010 2011

    455 447 465 479 484 473 472 473 484 464

    427 443

    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 450 /lt Ldt USD 480 /lt Ldt

    Bangladesh N/A N/A

    Pakistan USD 455 /lt Ldt USD 485 /lt Ldt

    China USD 425 /lt Ldt USD 445 /lt Ldt

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    India

    TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

    BULK ARWEX 14550 1976 5615 492 BULK MYRA 17154 1979 4427 465 BULK KALITIHI SEA 25680 1986 7879 450 BULK ZIEMIA SUWALSKA 26706 1984 6622 473 BULK PARAGON 29039 1977 6804 482 BULK SUCCESS POWER 55615 1982 11369 483 BULK GOOD LUCK 173028 1984 25018 450

    CONT GRAND VISION 44013 1991 12929 502 Equipped With 6 Gens and Full Spares

    CONT MSC MAHIMA 53726 1985 53726 517 Premium paid for Non-Ferrous material

    RORO MARDEN 6182 1982 2444 482 TANK MINOTAUR 31489 1977 6958 505 Stst Coils TANK OHMINESAN 267721 1996 38949 470 TANK ORION TRADER 267736 1998 42137 470 TWEEN HEREFORD EXPRESS 6187 1982 2537 468 TWEEN RUHUNUPURA 8020 1982 3140 470 TWEEN JIN YUAN MEN 22329 1978 7187 475

    Bangladesh

    TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

    TANK BW STADT 306951 1994 41079 480 Asis Labuan With 700T IFO RoB

    China

    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

    31.58

    0 5 10 15 20 25 30 35 40

    1981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011

    Million dwt

    Year

    Total Demolition

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    TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

    BULK WANG JAE SAN 9905 1974 3705 355 BULK ALEXIS 27048 1984 6277 425

    BULK SILVANA 33041 1981 8023 405

    BULK KAI HONG 35055 1982 7600 405 BULK DA TONG 35158 1978 8005 400 BULK SILVER ARROW 64379 1984 11400 425 CONT ITAL GLAMOUR 53240 1987 18197 440 Incl 500 T IFO RoB CONT ITAL GARLAND 53240 1988 18197 440 Incl 500 T IFO RoB RORO HOEGH TROTTER 15370 1983 7150 400

    Pakistan

    TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

    BULK GEORGE LYRAS 35730 1984 8261 475 TANK LAKSMIATI 81275 1975 16532 455 Asis Indonesia TANK FRONT BETA 135915 1992 23423 505

    Turkey

    TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

    CONT BLACK SEA TRADER 8118 1979 2600 310 TANK DERYA D 3914 1982 1624 670 Incl Stst Material

    Other

    TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

    TWEEN VIDI 2030 1968 780 216 TANK NORLAKE 39013 1982 10785 405 Asis Suez

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    15

    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 0.6267 0.8354 0.008206 0.6837 0.6393 0.6494

    CAD 1.5964 1 1.3334 0.013099 1.0913 1.0203 1.0364

    EUR 1.1973 0.7502 1 0.009824 0.8185 0.7653 0.7774

    JPY 121.892 76.3742 101.81 1 83.3281 77.9063 79.1348

    CHF 1.4632 0.9169 1.2222 0.012007 1 0.9353 0.9501

    USD 1.5646 0.9803 1.3069 0.012838 1.0696 1 1.0158

    AUD 1.5406 0.9653 1.2868 0.01264 1.0532 0.9847 1 * 28/12/11 values

    70

    75

    80

    85

    90

    95

    100

    105

    0.40

    0.60

    0.80

    1.00

    1.20

    1.40

    1.60

    1.80

    01/12/10 01/02/11 01/04/11 01/06/11 01/08/11 01/10/11 01/12/11

    USD

    -JP

    Y

    USD

    -EU

    R

    Currencies USD-EUR

    USD-JPY

    60

    70

    80

    90

    100

    110

    120

    130

    140

    01/12/10 01/02/11 01/04/11 01/06/11 01/08/11 01/10/11 01/12/11

    $/B

    arre

    l

    Brent Oil

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    16

    S T O C K W A T C H

    NAME TICKER THIS

    MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW

    NewLead Holdings NEWL 0.66 0.78 -15.4 3.88 0.53

    Capital Product Partners

    CPLP 6.23 6.03 3.3 11.39 4.85

    Diana Shipping DSX 7.76 7.40 4.9 12.77 6.59

    Dryships DRYS 2.13 2.14 -0.5 5.94 1.75

    Eagle Bulk EGLE 0.99 1.09 -9.2 5.10 0.97

    Euroseas ESEA 2.24 2.81 -20.3 5.28 2.15

    Excel Martime EXM 1.63 1.75 -6.9 5.79 1.55

    Freeseas FREE 0.47 0.59 -20.3 3.99 0.47

    Genco Shipping &Trading

    GNK 6.69 7.37 -9.2 15.47 4.15

    General Maritime GMR N/A N/A N/A N/A N/A

    Goldenport GPRT 66.00 71.75 -8 122.00 66.00

    Navios NM 3.67 3.37 8.9 5.99 2.88

    Omega Navigation ONAV N/A N/A N/A N/A N/A

    Paragon PRGN 0.64 0.75 -14.7 3.48 0.61

    Safe Bulkers SB 6.05 6.00 0.8 9.78 5.28

    Star Bulk SBLK 0.91 1.19 -23.9 2.80 0.86

    Stealthgas GASS 4.00 3.77 6.1 8.80 3.40

    TEN TNP 5.01 4.86 3.1 11.18 4.84

    TOP Ships TOPSD 2.00 2.29 -12.7 11.60 1.00

    * 27/12/2011 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.

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