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

17
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 June 2013 MONTHLY REPORT 0 2000 4000 6000 8000 10000 12000 Jun-03 Oct-03 Feb-04 Jun-04 Oct-04 Feb-05 Jun-05 Oct-05 Feb-06 Jun-06 Oct-06 Feb-07 Jun-07 Oct-07 Feb-08 Jun-08 Oct-08 Feb-09 Jun-09 Oct-09 Feb-10 Jun-10 Oct-10 Feb-11 Jun-11 Oct-11 Feb-12 Jun-12 Oct-12 Feb-13 Jun-13 Baltic Dry Index PRICES TANKERS ($ MIO) * Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Jun-13 VLCC 5Y 155.8 78.0 87.8 55.6 56.0 55.2 VLCC 10Y 131.0 59.5 64.3 34.1 35.0 34.6 SUEZMAX 5Y 106.0 57.0 62.8 45.6 40.2 39.5 AFRAMAX 5Y 76.8 40.5 44.5 34.7 28.0 28.0 AFRAMAX10Y 64.7 23.5 30.7 19.3 16.3 18.5 PANAMAX5Y 61.0 35.5 39.0 30.9 24.3 25.2 45K 5Y D/H 52.7 23.5 27.3 25.8 23.0 23.8 45K 10Y D/H 43.2 16.0 19.7 15.8 15.5 16.2 45K 20Y 10.0 4.0 6.7 6.0 6.2 6.3 PRICES BULKERS ($ MIO) * Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Jun-13 CAPESIZE 5Y 45.5 54.5 57.0 36.3 32.0 32.5 CAPESIZE 10Y 30.0 45.0 43.0 26.8 20.5 21.0 CAPESIZE 15Y 21.0 28.0 26.0 15.2 12.7 13.6 CAPESIZE 20Y 15.2 16.5 16.4 10.5 9.3 8.8 PANAMAX 5Y 25.5 35.0 38.5 26.4 18.0 19.2 PANAMAX 10Y 19.0 27.5 31.6 18.6 12.5 14.1 PANAMAX 15Y 12.5 22.0 23.1 12.4 8.3 8.7 PANAMAX 20Y 9.2 12.0 13.8 8.1 5.4 5.5 SUPRAMAX 5Y 24.0 27.5 31.9 26.4 23.3 20.0 HANDYMAX10Y 18.2 22.0 24.7 18.0 13.0 13.3 HANDYMAX15Y 13.0 17.5 20.0 11.1 8.7 8.5 HANDYMAX20Y 7.4 11.0 12.0 7.9 6.3 6.1

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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

June 2013

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Baltic Dry Index

PRICES TANKERS ($ MIO)

* Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Jun-13

VLCC 5Y 155.8 78.0 87.8 55.6 56.0 55.2

VLCC 10Y 131.0 59.5 64.3 34.1 35.0 34.6

SUEZMAX 5Y 106.0 57.0 62.8 45.6 40.2 39.5

AFRAMAX 5Y 76.8 40.5 44.5 34.7 28.0 28.0

AFRAMAX10Y 64.7 23.5 30.7 19.3 16.3 18.5

PANAMAX5Y 61.0 35.5 39.0 30.9 24.3 25.2

45K 5Y D/H 52.7 23.5 27.3 25.8 23.0 23.8

45K 10Y D/H 43.2 16.0 19.7 15.8 15.5 16.2

45K 20Y 10.0 4.0 6.7 6.0 6.2 6.3

PRICES BULKERS ($ MIO)

* Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Jun-13

CAPESIZE 5Y 45.5 54.5 57.0 36.3 32.0 32.5

CAPESIZE 10Y 30.0 45.0 43.0 26.8 20.5 21.0

CAPESIZE 15Y 21.0 28.0 26.0 15.2 12.7 13.6

CAPESIZE 20Y 15.2 16.5 16.4 10.5 9.3 8.8

PANAMAX 5Y 25.5 35.0 38.5 26.4 18.0 19.2

PANAMAX 10Y 19.0 27.5 31.6 18.6 12.5 14.1

PANAMAX 15Y 12.5 22.0 23.1 12.4 8.3 8.7

PANAMAX 20Y 9.2 12.0 13.8 8.1 5.4 5.5

SUPRAMAX 5Y 24.0 27.5 31.9 26.4 23.3 20.0

HANDYMAX10Y 18.2 22.0 24.7 18.0 13.0 13.3

HANDYMAX15Y 13.0 17.5 20.0 11.1 8.7 8.5

HANDYMAX20Y 7.4 11.0 12.0 7.9 6.3 6.1

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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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Monthly Tanker Market Trend

VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y

AMAX 10Y PMAX 5Y 45K 5Y D/H 45K 10Y D/H

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PMAX 1 Yr T/C MR 1 Yr T/C

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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 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Total

BULK 58 37 28 33 42 26 224 TANK 31 18 46 34 40 22 191 GAS 5 4 6 5 2 7 29 CONT 11 13 13 11 12 11 71 TWEEN 2 1 0 1 4 0 8 REEF 0 0 0 0 0 0 0 RORO 1 0 1 1 0 0 3 FERRY 0 0 0 1 0 0 1 CRUISE 0 0 0 0 0 0 0

Total 108 73 94 86 100 66 527

340

26

372

42

0

100

200

300

400

THIS MONTH - PREVIOUS MONTH

S&P Activity Dry (<5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES

172

22

245

40

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

NAME DWT BLT PRICE $ BUYER

RATIH 10329 1996 JAPAN DH 4.2 MIO KOREAN SICHEM CONTESTER 19822 2007 JAPAN DH 21.1 MIO UNDISCLOSED (StSt) SICHEM DEFENDER 19999 2007 JAPAN DH 21 MIO UNDISCLOSED (StSt) CAPE BANKS 33540 1997 RUSSIA DH 7 MIO UNDISCLOSED ATLANTIC LUTETIA 35930 1999 KOREA DH 10 MIO UNDISCLOSED STAVANGER EAGLE 45898 2004 JAPAN DH 21.5 MIO ULTRAGAS

OVERSEAS MAREMAR 47236 1998 JAPAN DH 9.1 MIO UNDISCLOSED (Pending Court

Approval) SPP SACHEON S5120 51000 2014 KOREA DH * ENBLOC BSS▼ SPP SACHEON S5121 51000 2014 KOREA DH 67 MIO DUNYA DENIZCILIK (Ttl Price)

SUN 71675 1999 CHINA DH 6 MIO TOMINI (Bss as is with DD due) STAVANGER VIKING 105778 2004 JAPAN DH 21.5 MIO ULTRAGAS EAGLE PHOENIX 106127 1998 JAPAN DH 9.6 MIO CHINESE

ANEMONE 158589 2011 KOREA DH * ENBLOC BSS▼ MELITA 158658 2011 KOREA DH * ENBLOC BSS▼ MELODIA 158671 2011 KOREA DH * ENBLOC BSS▼ AMARYLIS 158777 2011 KOREA DH 216 MIO UNDISCLOSED (Ttl Price)

CAPTAIN X.KYRIAKOU 159113 2003 KOREA DH 28 MIO UNDISCLOSED (For conversion) KAMARI I 163038 1991 KOREA DH 10 MIO FAR EASTERN F ELEPHANT 275984 1989 KOREA DH 16 MIO UNDISCLOSED (Via Auction) BANDAISAN 281037 2000 JAPAN DH 21 MIO GREEK RYUOHSAN 281050 2000 JAPAN DH 21 MIO GREEK EAGLE VIENNA 318000 2004 KOREA DH 37.1 MIO GREEK

559

644

767

706

566

500

550

600

650

700

750

800

27 30 33 36 39 42 45 48 51 2 5 8 11 14 17 20 23 26

WEEK NO

Baltic Clean Tanker - Yearly

2013 2012

606

665

772

583

500

550

600

650

700

750

800

27 30 33 36 39 42 45 48 51 2 5 8 11 14 17 20 23 26

WEEK NO

Baltic Dirty Tanker - Yearly

2013 2012

587

570

552

530

540

550

560

570

580

590

03/06/2013 10/06/2013 17/06/2013 24/06/2013

Baltic Clean Tanker - Monthly

609 601

580

560

570

580

590

600

610

620

03/06/2013 10/06/2013 17/06/2013 24/06/2013

Baltic Dirty Tanker - Monthly

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GAS SALES

NAME DWT BLT CBM PRICE $ BUYER

OCEAN PRISM 8587 2007 KOREA 7883 27 MIO SINOGAS MAPLE 2 49345 1991 JAPAN 75353 24.5 MIO TURKISH (With TC attached til mid 2015)

DERBY 53028 2011 JAPAN 80156 * ENBLOC BSS▼ MAERSK VISUAL 58063 2007 KOREA 80616 * ENBLOC BSS▼ MAERSK VIRTUE 58123 2007 KOREA 80656 * ENBLOC BSS▼

MAERSK VENTURE 58159 2008 KOREA 80360 * ENBLOC BSS▼ MAERSK VALUE 58423 2007 KOREA 80645 310 MIO BW GAS (Ttl Price)

15280

5610

12370

0

10000

20000

30000

40000

50000

Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13

$/D

ay

Spot Market - Tankers VLCC

SUEZMAX

AFRAMAX

17900

15500

13100

5000

10000

15000

20000

25000

30000

Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13

$/D

ay

Period Market - Tankers 1 Year T/C

VLCC

SUEZMAX

AFRAMAX

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BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

DA XIN HUA QIU SHUN

5480 1998 CHINA GLESS 1 MIO UNDISCLOSED

VIETFRACHT-02 8237 1993 JAPAN C 2X25, C

2X15 1.55 MIO INDONESIAN

NATACHA C 10621 2003 NETHERLANDS

C 2X60 7.4 MIO UNDISCLOSED

VTC LIGHT 21964 1995 JAPAN C 4X30 4.2 MIO FAR EASTERN VOSTOK 23524 1996 JAPAN C 4X30 4.95 MIO GREEK ANGEL ISLAND 28510 2004 JAPAN C 4X30 13 MIO GREEK CLIPPER FAITH 29501 1998 CHINA C 5X30 6.4 MIO GREEK-AMERICAN (Court Sale)

TIMARU STAR 31893 2004 JAPAN C 4X30 12.9 MIO PACIFIC BASIN (Exercising

Purchase Option) NEW AMBITION 35313 2004 JAPAN C 4X30 14.3 MIO GREEK LANCELOT 56032 2005 JAPAN C 4X30 18.7 MIO GREEK ZHEJIANG ZENGZHOU 011

64000 2013 CHINA C 4X30 24 MIO TURKISH

EVRIALOS 68407 1987 JAPAN GLESS 4.5 MIO CHINESE APOSTOLOS 70119 1995 JAPAN GLESS 7.1 MIO UNDISCLOSED GOLDEN GLORY 70296 1996 JAPAN GLESS 7.5 MIO INDIAN EXCALIBUR 73976 1999 JAPAN GLESS 10.8 MIO GREEK

PIPAVAV P016 74300 2013 INDIA GLESS * ENBLOC BSS▼ PIPAVAV P015 74300 2013 INDIA GLESS 51 MIO NORWEGIAN (Ttl Price)

NAVIOS CIELO 75834 2003 JAPAN GLESS 14.6 MIO UNDISCLOSED RED SETO 75957 2002 JAPAN GLESS 13.8 MIO GREEK KONYO 77561 1999 JAPAN GLESS 8 MIO UNDISCLOSED

533 552

510

520

530

540

550

560

570

03/06/2013 10/06/2013 17/06/2013 24/06/2013

Baltic Handysize

2 889

916

944

950

840

860

880

900

920

940

960

03/06/2013 10/06/2013 17/06/2013 24/06/2013

Baltic Supramax

2

786

859

976

700

750

800

850

900

950

1000

1050

03/06/2013 10/06/2013 17/06/2013 24/06/2013

Baltic Panamax

41352

1588

2120

1200

1400

1600

1800

2000

2200

03/06/2013 10/06/2013 17/06/2013 24/06/2013

Baltic Capesize

4 38

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MIZUNAGI MARU 82619 2006 JAPAN GLESS 18.4 MIO UNDISCLOSED SHOHO 87996 1995 JAPAN GLESS 6.6 MIO CHINESE BOSPORUS 150973 1995 KOREA GLESS 9.5 MIO CHINESE STAR FORTUNE 170974 1999 JAPAN GLESS 15.3 MIO CHINESE MINERAL SINES 172319 2002 KOREA GLESS 20.1 MIO GREEK ATLANTIC PRINCESS 180202 2003 JAPAN GLESS 20.2 MIO GREEK (SS/DD due 09/2013)

CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

MCC SINAG 11810 2006 CHINA C 2X45 966 8.7 MIO UNDISCLOSED TAMPA BAY 13691 2006 CHINA C 2X45 1118 11.8 MIO GREEK TURTLE BAY 13715 2006 CHINA C 2X45 1118 11.8 MIO GREEK

WEHR FLOTTBEK 22878 1999 POLAND C 3X40 1730 5.85 MIO GREEK CSAV ROTTERDAM 23400 2005 CHINA C 2X45 1740 10 MIO UNDISCLOSED

YK SASSANDRA 28879 1999 JAPAN C 2X40 2135 7.5 MIO UNDISCLOSED MARFRET SORMIOU 33220 2001 KOREA C 4X45 2622 10 MIO GREEK

JACOB SCHULTE 34200 2013 CHINA C 3X45 2546 * ENBLOC BSS▼ JULIUS SCHULTE 34200 2013 CHINA C 3X45 2546 * ENBLOC BSS▼ RIO ANGELINA 34200 2013 CHINA C 3X45 2546 74.25 MIO KLAVENESS (Ttl Price)

E.R. BREMEN 34418 2003 ROMANIA C 3X45 2496 11.2 MIO UNDISCLOSED

12000

5060

8525

0

5000

10000

15000

20000

25000

Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13

$/D

ay

Spot Market - Bulkers CAPESIZE

PANAMAX

HANDYMAX

13250

8225

8240

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13

$/D

ay

Period Market - Bulkers 1 Year T/C CAPE

PMAX

HANDYMAX

44

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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 2013 (deliv) 2013 2014 2015 2016 2017 2018+ Total

VLOC 16 9 13 3 0 0 0 25

Capesize 36 72 59 41 8 0 0 180

Small Cape 23 29 22 7 3 0 0 61

Panamax 110 230 128 35 2 0 0 395

Supramax 120 186 124 38 7 0 0 355

Handys 90 153 125 60 6 0 0 344

Total 395 679 471 184 26 0 0 1360

Tanker Orderbook

Ship Type 2013 (deliv) 2013 2014 2015 2016 2017 2018+ Total

ULCC/VLCC 18 26 28 9 1 0 0 64

Suezmax 21 25 17 9 4 0 0 55

Aframax 13 9 36 27 2 0 0 74

Panamax 5 10 8 5 3 0 0 26

MR 45 50 87 58 17 2 0 214

Handy 2 5 14 2 0 0 0 21

Total 104 125 190 110 27 2 0 454

LPG Tank Orderbook

Ship Type 2013 (deliv) 2013 2014 2015 2016 2016+ Total

VLGC 7 4 10 9 0 0 23

LGC 0 0 0 1 0 0 1

MR 1 5 6 6 2 0 19

Handy 2 9 10 4 0 0 23

Small 15 20 15 6 0 0 41

Total 25 38 41 26 2 0 107

89.1

55.4 46.6

33.4

0

20

40

60

80

100

120

Jun-11 Oct-11 Feb-12 Jun-12 Oct-12 Feb-13 Jun-13

$m

Tanker Prices VLCC Suezmax

Aframax MR

1

5

3

47

25.5

24.4

20.8

0

10

20

30

40

50

60

Jun-11 Oct-11 Feb-12 Jun-12 Oct-12 Feb-13 Jun-13

$m

Bulker Prices Capesize Panamax

Handymax Handysize

5

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163 169

140

440

260 250 225

70 74

0

100

200

300

400

500

2011 2012 Jun-13

No

. o

f V

es

se

ls

Newbuilding Sales Tankers >10,000 dwt

Bulkers >10,000 dwt

Containerships

61.8

39.3

18.9 21 21.1

9

0

10

20

30

40

50

60

70

Jun-13 2014 2015+

m. d

wt

Delivery Schedule Bulkers >10,000 dwt.

Tankers >10,000 dwt

21

9.4 7.7

2.1

12

0

5

10

15

20

25

June 2013

m.

dw

t

Tanker Newbuildings on Order VLCC Suezmax

Aframax Panamax

Products

48

37.3

25.8

11.8

0

10

20

30

40

50

60

June 2013

m. d

wt

Bulker Newbuildings on Order Capesize Panamax

Handymax Handysize

Newbuilding Historical Prices ($m)

Tankers Jun-13 2012 2011 2010 2009 2008 2007 2006 2005 2000 1995 1990 1985

310,000 DWT1 89.1 93.2 98.9 104.8 97.5 150 145 130 120 76.5 85.3 87.4 2 38.2

170,000 DWT1 55.4 57.1 60.3 66.3 61 90 90 80 71.5 52.5 54 66.1 2 28.2

110,000 DWT1 46.6 48.5 52.2 56 49.5 74 72 65.5 58 41.5 43.3 53.2 2 18.1

47,000 DWT1 33.4 33.8 35.2 36.1 35 46.5 52 47 43 29.5 33.2 3 32.1

3 13.3

Bulkers

180,000 DWT1 47 45.7 48.4 57.2 55.5 87 96 67 58.5 40.5 42.3 60.2 29.3

73,000 DWT1 25.5 25.6 28.7 34.3 34.5 45.5 54 39.5 36 22.5 27.9 30 13.4

45,000 DWT 24.4 23.7 26.7 31.1 29 41 47.5 37 31 20.5 24.1 25.3 12.4

29,000 DWT 20.8 20.5 22.2 26.3 24.5 31 34 27.5 25.5 15 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 34000 Oshima S.B. Co. 2015 Fednav Ltd.

BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.

BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.

BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.

BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.

BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.

BULK 60000 Chengxi Shipyard 2015 dACC Maritime

BULK 60000 Chengxi Shipyard 2015 dACC Maritime

BULK 61000 Imabari S.B. 2016 28 Mio Belships ASA

BULK 61000 Imabari S.B. 2015 28 Mio Belships ASA

BULK 63800 COSCO Zhoushan 2015 Lomar Shipping

BULK 63800 COSCO Zhoushan 2015 Lomar Shipping

BULK 63800 COSCO Zhoushan 2015 Lomar Shipping

BULK 63800 COSCO Zhoushan 2015 Lomar Shipping

BULK 64000 Sainty SB (Yangzhou) 2015 Smooth Shipping Ltd.

BULK 64000 Sainty SB (Yangzhou) 2015 Smooth Shipping Ltd.

BULK 64000 Sainty SB (Yangzhou) 2015 Smooth Shipping Ltd.

BULK 64000 Sainty SB (Yangzhou) 2014 Smooth Shipping Ltd.

BULK 64000 Sainty SB (Yangzhou) 2014 Smooth Shipping Ltd.

BULK 64000 Sainty SB (Yangzhou) 2014 Smooth Shipping Ltd.

BULK 64000 Chengxi Shipyard 2015 Greathorse Shipping

BULK 64000 Chengxi Shipyard 2015 Greathorse Shipping

BULK 64000 Chengxi Shipyard 2016 Wah Kwong Shpg.

BULK 64000 Chengxi Shipyard 2016 Wah Kwong Shpg.

BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.

BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.

BULK 64000 New Times S.B. 2015 Sammok Shipping Co.

BULK 64000 New Times S.B. 2015 Sammok Shipping Co.

BULK 76500 Imabari S.B. 2015 Tai Chong Cheang

BULK 81600 Tsuneishi Zhoushan 2015 27.77 Mio Wisdom Marine Lines

BULK 81600 Tsuneishi Zhoushan 2015 27.77 Mio Wisdom Marine Lines

Chem & Oil 38000 Hyundai Mipo 2014 31.6 Mio Scorpio Tankers

Chem & Oil 38000 Hyundai Mipo 2014 31.6 Mio Scorpio Tankers

Chem & Oil 38000 Hyundai Mipo 2014 31.6 Mio Scorpio Tankers

Chem & Oil 38000 Hyundai Mipo 2014 31.6 Mio Scorpio Tankers

CONT 27000 Guangzhou Wenchong 2015 Lomar Shipping

CONT 110000 Hyundai Samho 2015 Asiatic Llloyd Shipping

CONT 110000 Hyundai Samho 2015 Asiatic Llloyd Shipping

CONT 115000 Hyundai H.I. 2015 83 Mio Oceanbulk Maritime

CONT 115000 Hyundai H.I. 2015 83 Mio Oceanbulk Maritime

Cruise 15000 Meyer Werft 2016 Royal Caribbean

Dredger IHC Merwede 2015 HUTA Marine

Drillship 60600 Samsung H.I. 2015 625 Mio Ensco

GenCgo 12000 Japan Marine United 2015 13.65 Mio China Steel Corp

GenCgo 12000 Japan Marine United 2015 13.65 Mio China Steel Corp

LNG 75000 Mitsubishi H.I. 2016 Ocean Breeze LNG

LNG 105000 Kawasaki H.I. 2016 K-Line

LPG 4000 Kitanihon Zosen 2014 Epic Pantheon

LPG 4000 Kitanihon Zosen 2014 Epic Pantheon

LPG 4500 Murakami Hide 2015 Geogas Maritime SAS

MSV Batamec S.Y. 2014 50 Mio Unknown

Pipe Layer Llloyd Werft 2014 Ceona

Products 50000 Guangzhou S.Y. Int. 2015 Trafgura Beheer

Products 50000 Guangzhou S.Y. Int. 2015 Trafgura Beheer

Products 50000 Guangzhou S.Y. Int. 2015 Trafgura Beheer

Products 50000 Guangzhou S.Y. Int. 2015 Trafgura Beheer

Products 50000 Gen. Dynamics NASSCO 2016 American Petroleum

Products 50000 Gen. Dynamics NASSCO 2016 American Petroleum

Products 50000 Gen. Dynamics NASSCO 2015 American Petroleum

Products 50000 Gen. Dynamics NASSCO 2015 American Petroleum

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Products 50000 Hyundai Mipo 2015 Alterna Capital

Products 50000 Hyundai Mipo 2015 Alterna Capital

Products 52000 Samsung Ningbo 2015 32 Mio Capital Ship Management

Products 52000 Samsung Ningbo 2015 32 Mio Capital Ship Management

Products 52000 Samsung Ningbo 2015 32 Mio Capital Ship Management

Products 52000 Samsung Ningbo 2015 32 Mio Capital Ship Management

Products 114000 Hyundai H.I. 2015 Kyklades Maritime

Products 114000 Hyundai H.I. 2015 Kyklades Maritime

Products 114000 Daewoo 2015 52 Mio Scorpio Tankers

Products 114000 Daewoo 2015 52 Mio Scorpio Tankers

Products 114000 Hyundai Samho 2015 52 Mio Scorpio Tankers

Products 114000 Hyundai Samho 2015 52 Mio Scorpio Tankers

TANKER 114000 Namura Shipbuilding 2016 Tai Chong Cheang

TANKER 114000 Namura Shipbuilding 2016 Tai Chong Cheang

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12

D E M O L I T I O N M A R K E T

Demolition Historical Data

430 410

425 425 420 405

180

230

280

330

380

430

480

530

580

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

USD

/to

n

Price Tankers* 2010 2011

2012 2013

*India month's end prices

405 380 400 410 400

380

180

230

280

330

380

430

480

530

580

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

USD

/to

n

Price Bulkers* 2010 2011

2012 2013

*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

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

50.3

21.7

0

10

20

30

40

50

60

Mill

ion

dw

t

Total Demolition (Dwt)

* Bss reported sales

Demolition Prices Gen Cargo Tanker

India USD 380 /lt Ldt USD 405 /lt Ldt

Bangladesh USD 385 /lt Ldt USD 405 /lt Ldt

Pakistan USD 390 /lt Ldt USD 420 /lt Ldt

China USD 290 /lt Ldt USD 300 /lt Ldt

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HISTORICAL DEMOLITION PRICES (*Indian Year’s End)

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 CURR.

TANK 186 182 172 115 136 174 135 174 262 362 302 405 507 287 338 485 482 400 405 BULK 166 153 152 112 143 170 135 181 267 381 332 392 472 268 328 437 456 370 380

India

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK CHIEF 23509 1985 5214 401

BULK ALIAS 43309 1984 8522 412

BULK ERISOS 97161 1989 16292 435 Incl 600T ROB

CONT ST. NIKOLAOS 23465 1994 6850 445

CONT VERACRUZ EXPRESS 40870 1987 16809 428 As is Fujairah with sufficient ROB fr trip to India

CONT SARGASSO SEA 44690 1995 14943 443

CONT IBN SINA 45470 1993 12517 422

CONT NORTH SEA 46975 1992 14485 440

CONT MSC VENEZUELA 60348 1996 20750 440

GAS LADYSHIP 2367 1980 2154 375

GAS GAS EURASIA 3043 1981 1547 375

RORO LUCIE DELMAS 22564 1978 16997 428 As is Colombo with sufficient ROB fr trip to India

TANK JAG PREETI 29139 1981 8615 440 As is Colombo with sufficient ROB fr trip to India

Bangladesh

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK DD FIDELITY 23508 1984 5365 410

BULK XINHUI 37607 1982 7772 410

BULK VLADIMIR PETRENKO 38099 1985 7168 405

BULK HANJIN PITTSBURG 38393 1990 8123 372 As is Hong Kong incl 120T ROB

BULK JIMBLOOM 39834 1988 10257 * ENBLOC BSS▼ BULK JIMFLUSH 39872 1988 10257 * ENBLOC BSS▼ BULK JIMRISE 39988 1988 10257 420 (Price Each)

BULK GEMMY 64933 1984 11046 385 As is Taiwan incl 300T ROB

BULK VELOS 65702 1991 11572 420

BULK OCEAN MIRA 151418 1990 17411 425

0

100

200

300

400

500

600

USD

/to

n

Historical Demolition Prices (India Year's End)

TANKERS

BULKERS

Avg. Trend

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China

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

CONT MERKUR BRIDGE 12575 1993 5248 295 Under tow

CONT HONG HAO 29744 1994 8926 335

Pakistan

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK GEORGIOS S 64368 1987 11047 420

BULK HONG EXPRESS 96018 1990 14120 411

BULK PACIFIC BEAUTY 263124 1992 39950 425

TANK ATLAN NAVIGATOR 107181 1998 16696 440

TANK VENETIA 149997 1995 22344 438 As is Spore incl 250T ROB

Turkey

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

RORO FILIPPOS 9928 1973 5490 302

Undisclosed

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

TANK BRAMANI 96672 1990 15327 385 As is Indonesia

TWEEN YACI TASKI 13864 1988 6767 260 As is Houston

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H I S T O R I C A L B U N K E R P R I C E S

HISTORICAL BUNKER PRICES

Rotterdam Fujeirah Houston

380 cst MGO 380 cst MGO 380 cst MGO

1991 82 170.8 78.6 206.1 75.3 161.1

1992 83 161.9 81.5 208.2 78.4 165.2

1993 67 150.5 70 202.5 71.1 160.6

1994 86 133.2 80.9 182.6 80.8 148.8

1995 97 140.6 94.6 175.8 93.2 148

1996 107 175.1 104.4 207.5 105.8 186

1997 92 155.4 99.3 205.6 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

2000 139 231.6 155.3 263.5 136 255.7

2001 116 192.4 129.7 244.7 112.8 227.5

2002 135 188.2 145.9 222.8 134 196

2003 151 230.4 166.3 265.2 160.2 265.1

2004 154 313.4 176.7 359.3 167.3 328.7

2005 236 458.4 256.6 500.1 248.3 508.5

2006 195 524.1 310.9 631.8 303 562.3

2007 347 571.3 373.7 664.7 351.8 608.6

2008 469 850.7 509.4 1037.7 496.8 933.2

2009 355 490.6 372.8 657 360.7 525

2010 452 667.1 468.2 712.9 449.3 683

2011 548 848.6 587.5 897.5 542.1 862.4

2012 585 920 606 1005 610 1005

Jun-13 575 867 609 985 570 952

0

100

200

300

400

500

600

700

800

USD

/to

n

Bunkers Cost (380 cst)

Rotterdam

Fujeirah

Houston

Average Trend

0

200

400

600

800

1000

1200

USD

/to

n

Bunkers Cost (MGO)

Rotterdam

Fujeirah

Houston

Average Trend

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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 0.6199 0.8483 0.006655 0.6917 0.6502 0.6033

CAD 1.6137 1 1.3687 0.010738 1.116 1.0491 0.9734

EUR 1.1791 0.7308 1 0.007846 0.8154 0.7666 0.7112

JPY 150.303 93.1636 127.486 1 103.952 97.7212 90.666

CHF 1.4462 0.8964 1.2266 0.009623 1 0.9403 0.8724

USD 1.5381 0.9534 1.3046 0.010235 1.0638 1 0.9278

AUD 1.6581 1.0277 1.4063 0.011033 1.1468 1.078 1 * 26/06/2013 values

60

70

80

90

100

110

120

130

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

USD

-JP

Y

USD

-EU

R

Currencies USD-EUR

USD-JPY

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

$/B

arre

l

Brent Oil

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17

S T O C K W A T C H

NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW

NewLead Holdings Ltd. NEWL 0.17 0.20 -15 2.73 0.13

Capital Product Partners CPLP 9.15 8.88 3 9.55 5.79

Diana Shipping Inc. DSX 9.63 10.22 -5.8 11.09 5.89

Dryships Inc. DRYS 1.73 1.89 -8.5 2.74 1.46

Eagle Bulk Shipping Inc. EGLE 3.40 4.25 -20 5.96 1.32

Euroseas Ltd. ESEA 1.02 1.07 -4.7 1.36 0.86

Excel MarItime Carriers Ltd.

EXMCF 0.04 0.04 0 1.30 0.03

Freeseas Inc. FREE 0.49 0.66 -25.2 7.80 0.34

Genco Shipping & Trading GNK 1.62 1.62 0 4.54 1.12

Costamare Inc. CMRE 17.28 16.71 3.4 17.78 12.08

Goldenport Holdings Inc. GPRT 29.25 36.25 -19.3 64.50 29.25

Navios Maritime Holdings NM 5.17 5.58 -7.3 5.70 3.17

GasLog Ltd. GLOG 12.61 13.48 -6.5 13.96 9.46

Paragon Shipping Inc. PRGN 4.01 4.80 -16.5 6.00 1.91

Safe Bulkers Inc. SB 5.18 5.32 -2.6 6.66 3.12

Star Bulk Carriers Corp. SBLK 5.69 5.95 -4.4 11.70 5.28

Stealthgas Inc. GASS 10.16 9.82 3.5 12.10 5.50

TEN Inc. TNP 4.46 4.90 -9 6.19 3.04

TOP Ships Inc. TOPS 1.45 1.47 -1.4 1.87 0.70

Box Ships Inc. TEU 3.91 4.16 -6 8.70 3.61

Diana Containerships Inc. DCIX 4.54 5.92 -23.3 7.73 4.53

Danaos Corporation DAC 4.11 4.30 -4.4 4.50 2.44

Aegean Marine Petroleum ANW 8.66 8.68 -0.2 10.35 4.48

* 26/06/2013 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.