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

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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 April 2013 MONTHLY REPORT 0 2000 4000 6000 8000 10000 12000 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 Apr-12 Aug-12 Dec-12 Apr-13 Baltic Dry Index PRICES TANKERS ($ MIO) * Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Apr-13 VLCC 5Y 155.8 78.0 87.8 55.6 56.0 55.5 VLCC 10Y 131.0 59.5 64.3 34.1 35.0 35.0 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 27.5 AFRAMAX10Y 64.7 23.5 30.7 19.3 16.3 17.3 PANAMAX5Y 61.0 35.5 39.0 30.9 24.3 24.5 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 6.5 PRICES BULKERS ($ MIO) * Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Apr-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 13.0 CAPESIZE 20Y 15.2 16.5 16.4 10.5 9.3 9.0 PANAMAX 5Y 25.5 35.0 38.5 26.4 18.0 18.5 PANAMAX 10Y 19.0 27.5 31.6 18.6 12.5 13.1 PANAMAX 15Y 12.5 22.0 23.1 12.4 8.3 8.0 PANAMAX 20Y 9.2 12.0 13.8 8.1 5.4 5.1 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 12.6 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

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

Page 1: ATHENIAN SHIPBROKERS S.A.drg.blob.core.windows.net/hellenicshippingnewsbody/pdf/golden/... · toyo maru 7410 2007 romania 6459 22.5 mio tufton oceanic group crystal mermaid 49618

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

April 2013

M O N T H L Y R E P O R T

0

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Au

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r-1

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Au

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De

c-1

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Ap

r-1

3

Baltic Dry Index

PRICES TANKERS ($ MIO)

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

VLCC 5Y 155.8 78.0 87.8 55.6 56.0 55.5

VLCC 10Y 131.0 59.5 64.3 34.1 35.0 35.0

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 27.5

AFRAMAX10Y 64.7 23.5 30.7 19.3 16.3 17.3

PANAMAX5Y 61.0 35.5 39.0 30.9 24.3 24.5

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 6.5

PRICES BULKERS ($ MIO)

* Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Apr-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 13.0

CAPESIZE 20Y 15.2 16.5 16.4 10.5 9.3 9.0

PANAMAX 5Y 25.5 35.0 38.5 26.4 18.0 18.5

PANAMAX 10Y 19.0 27.5 31.6 18.6 12.5 13.1

PANAMAX 15Y 12.5 22.0 23.1 12.4 8.3 8.0

PANAMAX 20Y 9.2 12.0 13.8 8.1 5.4 5.1

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 12.6

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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2

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

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

180.0

Pri

ce (

USD

Mio

)

Monthly Tanker Market Trend

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

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

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

Pri

ce (

USD

)

Monthly 1 Yr TC Rates

VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C

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

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

Pri

ces

(USD

Mio

)

Monthly Bulk Carrier Market Trend

CAPE 5Y CAPE 10Y CAPE 15Y PMAX 5Y

PMAX 10Y PMAX 15Y SUPRA 5Y HMAX 5Y

HMAX 10Y HMAX 15Y

0

20000

40000

60000

80000

100000

120000

140000

160000

180000

Pri

ce (

USD

)

Monthly 1 Yr TC Rates

CAPE 1 Yr T/C PMAX 1 Yr T/C

SUPRA 1 Yr T/C HMAX 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 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 Total

BULK 48 30 58 37 28 33 234 TANK 30 22 31 18 46 34 181 GAS 4 4 5 4 6 5 28 CONT 18 5 11 13 13 11 71 TWEEN 1 2 2 1 0 1 7 REEF 0 1 0 0 0 0 1 RORO 2 0 1 0 1 1 5 FERRY 0 0 0 0 0 1 1 CRUISE 0 0 0 0 0 0 0

Total 103 64 108 73 94 86 528

346

33

396

28

0

200

400

600

THIS MONTH - PREVIOUS MONTH

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

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES

189

34

203

46

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

ANATOLIA SKY 3842 2005 JAPAN DH 5 MIO GREEK MOUNT JIUHUA 9119 2011 CHINA DH 8.6 MIO SINGAPOREAN (Via Auction) HELENE KNUTSEN 14848 1992 SPAIN DH 6 MIO WEST AFRICAN MARIELLA AMORETTI 15748 1998 GERMANY DH 7.5 MIO UNDISCLOSED GOURITZ 16500 2012 CHINA DH 16 MIO EUROPEAN GAMTOOS 16500 2012 CHINA DH 16 MIO EUROPEAN LEO STAR 17568 2008 S.KOREA DH 12.8 MIO GREEK (Via Auction) DORIS 19960 1984 JAPAN DH 3.4 MIO UNDISCLOSED

BOW LIMA 19971 2007 JAPAN DH * ENBLOC BSS▼ BOW CAPE 19975 2008 JAPAN DH 46 MIO SINOCHEM (Stst tanker. Total Price)

BOW RIO 19999 2005 JAPAN DH 20 MIO UNDISCLOSED (Stst tanker) KALTENE 37261 2003 S.KOREA DH 12.9 MIO GREEK UACC SILA 50105 2009 S.KOREA DH 29 MIO UACC (Purchase option) STX JINHAE 1463 50400 2013 S.KOREA DH 34.5 MIO GREEK

INDIGO POINT 50922 2007 S.KOREA DH * ENBLOC BSS▼

IVORY POINT 50922 2007 S.KOREA DH 46.5 MIO GREEK (Bss TC attached at Usd 16 k &

Usd 14.5 k Pd. Total Price) HYUNDAI MIPO 2347 52000 2013 S.KOREA DH * ENBLOC BSS▼ HYUNDAI MIPO 2348 52000 2013 S.KOREA DH * ENBLOC BSS▼ HYUNDAI MIPO 2349 52000 2013 S.KOREA DH * ENBLOC BSS▼ HYUNDAI MIPO 2350 52000 2013 S.KOREA DH 146 MIO SCORPIO TANKERS (Total Price)

CHEMTRANS SUN 71675 1999 CHINA DH 7 MIO NIGERIAN

ATHENS STAR 73869 2005 CHINA DH * ENBLOC BSS▼ HAMBURG STAR 73869 2005 CHINA DH * ENBLOC BSS▼ LONDON STAR 73869 2006 CHINA DH * ENBLOC BSS▼ NEW YORK STAR 73869 2006 CHINA DH 74 MIO BW SHIPPING (Bank driven deal)

614

558

644

767

705

628

500

550

600

650

700

750

800

18 21 24 27 30 33 36 39 42 45 48 51 2 5 8 11 14 17

WEEK NO

Baltic Clean Tanker - Yearly

2013 2012

767

606

665

772

696

500

550

600

650

700

750

800

18 21 24 27 30 33 36 39 42 45 48 51 2 5 8 11 14 17

WEEK NO

Baltic Dirty Tanker - Yearly

2013 2012

683

623 613

560

580

600

620

640

660

680

700

28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013

Baltic Clean Tanker - Monthly

659

712

630

638

550

600

650

700

750

28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013

Baltic Dirty Tanker - Monthly

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5

MARAN ALTAIR 98880 1997 S.KOREA DH 9.3 MIO SOECHI, ASIA NORDMARK 105337 1998 S.KOREA DH 8.2 MIO UKRAINIAN (SS/DD Due) BRITISH OAK 106395 2003 JAPAN DH 15 MIO GREEK (RBS controlled sale) EAGLE ALBANY 107160 1998 JAPAN DH 9.5 MIO FAR EASTERN NORTHERN SPIRIT 112827 2009 CHINA DH 30 MIO SONANGOL, ANGOLA ALMI EXPLORER 157430 2013 S.KOREA DH 55 MIO UNDISCLOSED ARTOIS 298330 2001 JAPAN DH 28 MIO SBM

EAGLE VALENCIA 306999 2005 S.KOREA DH * ENBLOC BSS▼ EAGLE VENICE 309164 2005 S.KOREA DH 80 MIO GREEK (Total Price)

GAS SALES

NAME DWT BLT CBM PRICE $ BUYER

SAKURA SERENITY 3147 2006 JAPAN 3443 11 MIO GREEK SAKURA SYMPHONY 3161 2008 JAPAN 3514 12 MIO GREEK TOYO MARU 7410 2007 ROMANIA 6459 22.5 MIO TUFTON OCEANIC GROUP CRYSTAL MERMAID 49618 1990 JAPAN 75382 22.5 MIO UNDISCLOSED FLANDERS HARMONY 64220 1992 BULGARIA 85826 30 MIO UNDISCLOSED

7160

21230

14400

0

10000

20000

30000

40000

50000

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

$/D

ay

Spot Market - Tankers VLCC

SUEZMAX

AFRAMAX

18500

15700

13000

5000

10000

15000

20000

25000

30000

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

$/D

ay

Period Market - Tankers 1 Year T/C

VLCC

SUEZMAX

AFRAMAX

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6

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

AFRICAN ORYX 24110 1997 CHINA CR 4X30 3.8 MIO CHINESE (SS/DD Due) SAN SIMEON 28572 1997 CHINA CR 4X30 4.9 MIO UNDISCLOSED NEW LIGHT 28616 2002 JAPAN CR 4X30 11.1 MIO GREEK NORTHERN LIGHT 29756 2001 JAPAN CR 4X30 10.8 MIO UNDISCLOSED VENUS SHINING 29828 2006 JAPAN CR 4X31 14.2 MIO GREEK BRIGHT LAKER 30778 2001 JAPAN CR 4X30 9.8 MIO UNDISCLOSED GREAT MARY 32170 2000 JAPAN CR 4X30 13 MIO CHINESE ORIENT TRIBUNE 33500 2011 CHINA CR 4X35 16 MIO USA BASED ORIENT TRIUMPH 33500 2013 CHINA CR 4X35 18.7 MIO USA BASED C. EMERALD 42174 1994 JAPAN CR 4X25 6.5 MIO UNDISCLOSED GLORY SANYE 45216 1994 JAPAN CR 4X25 6.6 MIO MIDDLE EASTERN KEN 46747 1998 JAPAN CR 4X30 9.5 MIO UNDISCLOSED HONESTY OCEAN 47240 1997 JAPAN CR 4X30 8.3 MIO UNDISCLOSED STAR SEA BREEZE 48500 2001 JAPAN CR 4X30 11.3 MIO GREEK KEN UNITY 48913 1999 JAPAN CR 4X25 9.8 MIO GREEK ALICIA 63500 2012 CHINA CR 4X35 25 MIO GREEK YANGZHOU DAYANG DY4023

63500 2013 CHINA CR 4X35 25.1 MIO UNDISCLOSED

YANGZHOU DAYANG DY4013

63500 2013 CHINA CR 4X35 25.1 MIO UNDISCLOSED

ATLAS SUN 64377 1987 S.KOREA GLESS 5.5 MIO CHINESE YM CULTIVATION 69163 1997 JAPAN GLESS 5 MIO CHINESE (Generator damaged) SD NOVA 70108 1996 JAPAN GLESS 6.7 MIO UNDISCLOSED (DD Due 10/2013) KING COAL 72873 1997 TAIWAN GLESS 6 MIO GREEK (Via Auction) FEARLESS I 73427 1997 S.KOREA GLESS 6.7 MIO CHINESE (Via Auction)

543

518

537 544

500

510

520

530

540

550

28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013

Baltic Handysize

2

933

900 898

904

840

860

880

900

920

940

960

28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013

Baltic Supramax

2

1155

1077

1202

1000

1050

1100

1150

1200

1250

28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013

Baltic Panamax

4 1209

1265

1230

1214

1150

1170

1190

1210

1230

1250

1270

1290

28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013

Baltic Capesize

44 4438

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7

MING MAY 74009 1997 JAPAN GLESS 8.5 MIO UNDISCLOSED PERUVIAN EXPRESS 79252 2012 CHINA CR 4X35 19 MIO GREEK TSUNEISHI ZHOUSHAN SS-132

81600 2013 CHINA GLESS 28.2 MIO UNDISCLOSED

MICAELA DELLA GATTA 82790 2006 JAPAN GLESS 18.5 MIO UNDISCLOSED BRILLIANT TRADER 87144 2006 JAPAN GLESS 19 MIO GREEK CAPE EUROPE 149425 1993 TAIWAN GLESS 8.3 MIO UNDISCLOSED (For further trading) BRILLIANT RIVER 154249 1994 JAPAN GLESS 9 MIO UNDISCLOSED (For further trading) SEAKOH 172247 2000 S.KOREA GLESS 16.2 MIO GREEK TAMOU 177243 2005 JAPAN GLESS 27 MIO GREEK PACIFIC TIARA 180310 2004 JAPAN GLESS 25.2 MIO UNDISCLOSED

7390

8430

8470

0

5000

10000

15000

20000

25000

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

$/D

ay

Spot Market - Bulkers CAPESIZE

PANAMAX

HANDYMAX

12100

9750

8000

5000

7000

9000

11000

13000

15000

17000

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

$/D

ay

Period Market - Bulkers 1 Year T/C CAPE

PMAX

HANDYMAX

44

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CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

NERI 5055 1997 CHINA CR 2X40 384 1.9 MIO UNDISCLOSED

DANIELA 7107 2003 CHINA CR 2X45 639 3.2 MIO OCEANIC CONT LINES, PHILIPPINES

ARMINIA 12310 1994 POLAND CR 2X40 1012 2.5 MIO UNDISCLOSED

MARCHEROKEE 20567 1999 GERMANY CR 2X60

(COMB 120) 1300 5 MIO UNDISCLOSED

YM PEOPLE 22052 2003 JAPAN GLESS 1620 * ENBLOC BSS▼ YM SKY 22077 2003 JAPAN GLESS 1620 * ENBLOC BSS▼ YM EARTH 22078 2003 JAPAN GLESS 1620 22.5 MIO SITC, CHINA (Total price)

GALLANT WAVE 23650 1996 JAPAN GLESS 1510 3.6 MIO INDONESIAN MSC HOBART 33523 1994 S.KOREA GLESS 2004 4.2 MIO CHINESE R.R. AMERICA 33900 2002 GERMANY CR 3X45 2002 7.8 MIO GREECE KENO 39462 2007 S.KOREA GLESS 2007 15 MIO UNDISCLOSED

TWEEN SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

ATLANTIC SUN 4264 1996 NETHERLANDS GLESS 206 5.5 MIO CHINESE

RORO SALES

NAME GT BLT LANE MTS/CARS PAX PRICE $ BUYER

EGLANTINE 10035 1990 CHINA 1600 122 2 MIO SAUDI ARABIAN NORMAN TRADER 22152 1998 SPAIN 1950 252 10 MIO UNDISCLOSED

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9

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 15 11 11 1 0 0 0 23

Capesize 26 88 55 29 3 0 0 175

Small Cape 16 40 22 5 1 0 0 68

Panamax 81 277 109 27 2 0 0 415

Supramax 89 235 112 20 7 0 0 374

Handys 61 201 115 40 6 0 0 362

Total 288 852 424 122 19 0 0 1417

Tanker Orderbook

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

ULCC/VLCC 13 35 26 7 1 0 0 69

Suezmax 16 34 17 7 4 0 0 62

Aframax 12 13 35 18 2 0 0 68

Panamax 4 17 10 5 4 2 0 38

MR 27 63 89 40 15 9 0 216

Handy 1 8 10 2 0 0 0 20

Total 73 170 187 79 26 11 0 473

LPG Tank Orderbook

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

VLGC 6 7 9 5 0 0 21

LGC 0 0 0 0 0 0 0

MR 1 5 6 5 2 0 18

Handy 1 11 15 1 0 0 27

Small 10 25 8 6 0 0 39

Total 18 48 38 17 2 0 105

89.8

55.5 46.8

33.4

0

20

40

60

80

100

120

Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13

$m

Tanker Prices VLCC Suezmax

Aframax MR

1

5

3

45.8

25.5

23.9

20.6

0

10

20

30

40

50

60

Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13

$m

Bulker Prices Capesize Panamax

Handymax Handysize

5

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10

163 169

90

440

260

137

225

70 32

0

100

200

300

400

500

2011 2012 Apr-13

No

. o

f V

es

se

ls

Newbuilding Sales Tankers >10,000 dwt

Bulkers >10,000 dwt

Containerships

80.9

34.2

11.8

26.9 20.3

7.2

0

10

20

30

40

50

60

70

80

90

Apr-13 2014 2015+

m. d

wt

Delivery Schedule Bulkers >10,000 dwt.

Tankers >10,000 dwt

23.5

10.4

6

2.3

11.8

0

5

10

15

20

25

April 2013

m.

dw

t

Tanker Newbuildings on Order VLCC Suezmax

Aframax Panamax

Products

49.5 45.9

20.4

12.5

0

10

20

30

40

50

60

April 2013

m. d

wt

Bulker Newbuildings on Order Capesize Panamax

Handymax Handysize

Newbuilding Historical Prices ($m)

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

310,000 DWT1 89.8 93.2 98.9 104.8 97.5 150 145 130 120 76.5 85.3 87.4 2 38.2

170,000 DWT1 55.5 57.1 60.3 66.3 61 90 90 80 71.5 52.5 54 66.1 2 28.2

110,000 DWT1 46.8 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 45.8 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 23.9 23.7 26.7 31.1 29 41 47.5 37 31 20.5 24.1 25.3 12.4

29,000 DWT 20.6 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

AHTS 1500 Yuexin S.B. 2014 PT Wintermar

AHTS 1500 Yuexin S.B. 2014 PT Wintermar

BULK 207000 Hyundai H.I. 2014 Oldendorff Carriers

BULK 207000 Hyundai H.I. 2014 Oldendorff Carriers

BULK 207000 Hyundai H.I. 2015 Oldendorff Carriers

BULK 207000 Hyundai H.I. 2015 Oldendorff Carriers

BULK 82000 Jiangsu New YZJ 2015 26 Mio Marine Management

BULK 82000 Jiangsu New YZJ 2015 26 Mio Marine Management

BULK 82000 Jiangsu New YZJ 2016 26 Mio Marine Management

BULK 181000 STX Dalian 2015 Frontline 2012

BULK 181000 STX Dalian 2015 Frontline 2012

BULK 181000 STX Dalian 2015 Frontline 2012

BULK 181000 STX Dalian 2015 Frontline 2012

BULK 60000 Japan Marine Utd 2015 Golden Ocean

BULK 60000 Japan Marine Utd 2015 Golden Ocean

BULK 150000 STX S.B. 2015 STX Pan Ocean

BULK 150000 STX S.B. 2016 STX Pan Ocean

BULK 150000 Hanjin H.I. 2015 Hyundai M.M.

BULK 150000 Hanjin H.I. 2015 Hyundai M.M.

BULK 150000 Hanjin H.I. 2015 Hyundai M.M.

BULK 150000 Sungdong S.B 2016 SK Shipping Co. Ltd

BULK 150000 Sungdong S.B 2016 SK Shipping Co. Ltd

BULK 150000 Sungdong S.B 2016 Hanjin Shpg Co

BULK 150000 Sungdong S.B 2016 Hanjin Shpg Co

BULK 84000 Oshima S.B. Co. 2014 U-Ming Marine Tran.

BULK 84000 Oshima S.B. Co. 2014 U-Ming Marine Tran.

BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.

BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.

BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.

BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.

BULK 34000 Namura Shipbuilding 2015 Wisdom Marine Lines

BULK 34000 Namura Shipbuilding 2015 Wisdom Marine Lines

BULK 55000 Kawasaki S.B. 2016 Wisdom Marine Lines

BULK 37000 Imabari S.B. 2014 24.33 Mio Uni-Asia Finance

BULK 37000 Imabari S.B. 2015 24.33 Mio Uni-Asia Finance

BULK 37000 Imabari S.B. 2016 24.33 Mio Uni-Asia Finance

Cement 20000 Shanhaiguan S.Y. 2014 24.2 Mio Assoc. Bulk Carriers

Chem & Oil 38000 Hyundai Mipo 2014 Scorpio Tankers

Chem & Oil 38000 Hyundai Mipo 2014 Scorpio Tankers

Chem & Oil 50000 Guangzhou S.Y. Int 2015 38 Mio Stena Bulk AB

Chem & Oil 50000 Guangzhou S.Y. Int 2015 38 Mio Stena Bulk AB

Chem & Oil 49500 Brod. Trogir 2015 Arne Blystad AS

Chem & Oil 49500 Brod. Trogir 2015 Arne Blystad AS

CONT 12600 Zhejiang Yangfan 2014 NOSC

CONT 12600 Zhejiang Yangfan 2014 NOSC

CONT 21500 CSBC 2014 23 Mio SITC

CONT 21500 CSBC 2014 23 Mio SITC

CONT 110000 Samsung H.I. 2015 82 Mio CSAV

CONT 110000 Samsung H.I. 2015 82 Mio CSAV

CONT 110000 Samsung H.I. 2015 82 Mio CSAV

CONT 110000 Samsung H.I. 2015 82 Mio CSAV

CONT 110000 Samsung H.I. 2015 82 Mio CSAV

CONT 110000 Samsung H.I. 2015 82 Mio CSAV

CONT 110000 Samsung H.I. 2015 82 Mio CSAV

CONT 12500 Unknown Korean 2014 20 Mio Heung-A Shpg Co. Ltd

CONT 12500 Unknown Korean 2014 20 Mio Heung-A Shpg Co. Ltd

CONT 12500 Unknown Korean 2015 20 Mio Heung-A Shpg Co. Ltd

CONT 12500 Unknown Korean 2015 20 Mio Heung-A Shpg Co. Ltd

Crew Boat 220 Strategic Marine (S) 2013 Damai Jitu

Crew Boat 220 Strategic Marine (S) 2013 Damai Jitu

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FPSO 99750 Hyundai H.I. 2016 Chevron North Sea

LNG 28000 Jiangnan Changxing 2015 CNOOC EnerTech

LNG 26000 COSCO Dalian 2015 Dalian In the Group

LNG 100000 Samsung H.I. 2017 230 Mio SK Shipping Co. Ltd

LNG 100000 Samsung H.I. 2017 230 Mio SK Shipping Co. Ltd

MPP 12500 Jiangsou S/Y 2015 Unknown

MPP 12500 Jiangsou S/Y 2015 Unknown

MPP 12500 Jiangsou S/Y 2015 Unknown

MPP 12500 Jiangsou S/Y 2015 Unknown

MPP 12500 Jiangsou S/Y 2016 Unknown

MPP 12500 Jiangsou S/Y 2016 Unknown

MSV 5000 Havyard Leirvik 2014 MPL

Products 106000 Hyundai H.I. 2015 Densa Shipping

Products 50000 Hyundai Mipo 2015 32 Mio Dong-A Tanker Co.

Products 50000 Hyundai Mipo 2015 32 Mio Dong-A Tanker Co.

PSV 5400 Leevac Shipyard 2014 Tidewater Marine

PSV 5400 Leevac Shipyard 2014 Tidewater Marine

PSV 5400 Leevac Shipyard 2015 Tidewater Marine

PSV 5400 Leevac Shipyard 2015 Tidewater Marine

RORO 11060 Visentini 2014 Nordana Line

Seis. Survey 7000 Mitsubishi H.I. 2015 PGS

TANKER 113000 Daewoo-Mangalia 2015 Eastern Med. Mar.

TANKER 113000 Daewoo-Mangalia 2015 Eastern Med. Mar.

TANKER 113000 Daewoo-Mangalia 2015 Eastern Med. Mar.

TANKER 113000 Daewoo-Mangalia 2015 Eastern Med. Mar.

TANKER 113000 STX S.B. 2015 Teekay Tankers

TANKER 113000 STX S.B. 2015 Teekay Tankers

TANKER 113000 STX S.B. 2015 Teekay Tankers

TANKER 113000 STX S.B. 2016 Teekay Tankers

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13

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

Demolition Historical Data

430 410

425 425

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

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

12.9

0

10

20

30

40

50

60

Mill

ion

dw

t

Total Demolition (Dwt)

* Bss reported sales

Demolition Prices

Gen Cargo Tanker India USD 410 /lt Ldt USD 425 /lt Ldt

Bangladesh USD 405 /lt Ldt USD 425 /lt Ldt

Pakistan USD 415 /lt Ldt USD 435 /lt Ldt

China USD 355 /lt Ldt USD 375 /lt Ldt

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14

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 186 182 172 115 136 174 135 174 262 362 302 405 507 287 338 485 482 400 425 BULK 166 153 152 112 143 170 135 181 267 381 332 392 472 268 328 437 456 370 410

India

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK LEOPARD B 19467 1976 5180 418

BULK KOZNITSA 25544 1984 7755 417

BULK SAPPHIRE II 28668 1978 6617 440 Full Spares

BULK STANISLAW KULCZYNSKI 33627 1988 8421 432

BULK MACIEJ RATAJ 33750 1985 8420 428

BULK ST. PAVEL 40461 1985 7220 425

BULK KRAIRACH DIGNITY 41213 1984 8528 425

BULK RADONEZH 41543 1983 8370 422

BULK MSC GIANNA 42077 1983 12767 446

BULK SEA PRINCE 44241 1988 8722 450 Incl 250T RoB

BULK WORLD SWAN 46799 1995 9300 443 Woodchip Carrier

CONT BACO-LINER 1 21801 1979 9102 450

CONT BACO-LINER 2 21801 1980 9102 450

CONT SAFMARINE PAKISTAN 22020 1998 7390 445 Asis Salalah

CONT DAMALI 24372 1995 8184 433

CONT MAERSK MADRID 59285 1989 19400 461 Full Spares

RORO SEABOARD VICTORY 14454 1983 9114 323 Asis Freeport & payment fr RoB

TANK PAPUDO 68232 1993 15969 341 Asis Chile with extra payment for RoB

TANK OMVATI PREM 90607 1993 18599 430

TWEEN HIYA BUILDER 11801 1980 6592 445

TWEEN SAINT DEMETRIOS 17154 1980 4420 422 Bss dely Calcutta

Bangladesh

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK WARRIOR I 34856 1983 7934 405

BULK HUA TU 149532 1992 18431 425

BULK WINNING FRIEND 182212 1986 22335 438

CONT E.R. BRISBANE 35966 1996 11780 428

TANK G. GLORY 275914 1991 39205 454

TWEEN BAO YING 23300 1983 7044 375 Asis Singapore

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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15

China

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK HUA JIN SONG 64211 1988 11829 360

BULK GLOBE BRIGHT 66764 1983 10412 390 Full Spares

COMBO HUA DI 47980 1989 14622 395

CONT STADT HAMBURG 12850 1998 4842 413

TANK NAPA 1 31543 1981 8169 392

TWEEN WIN MOONY 16757 1984 5712 365

Pakistan

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK SENECA 28788 1983 7201 420 BULK DOXA D 30820 1984 6894 440

BULK HANGANG ELITE 187904 1991 25733 448

BULK PSU FIRST 275269 1990 37433 450

TWEEN ISLAMABAD 18257 1983 5575 433

Turkey

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK ZEHRA VI 4654 1976 2025 322

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16

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

Apr-13 570 821 608 1007 572 935

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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17

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 0.6357 0.8431 0.006592 0.6863 0.6449 0.6658

CAD 1.5737 1 1.3266 0.010372 1.08 1.0147 1.0477

EUR 1.1864 0.754 1 0.007819 0.8141 0.7649 0.7897

JPY 151.746 96.4472 127.918 1 104.137 97.8447 101.023

CHF 1.4574 0.9263 1.2286 0.009606 1 0.9398 0.9703

USD 1.5509 0.9857 1.3074 0.010222 1.0644 1 1.0325

AUD 1.5023 0.9548 1.2665 0.009901 1.031 0.9687 1 * 30/04/2013 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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18

S T O C K W A T C H

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

NewLead Holdings NEWL 0.36 0.60 -40.7 3.45 0.31

Capital Product Partners CPLP 8.85 8.23 7.5 8.90 5.79

Diana Shipping DSX 9.45 10.71 -11.8 11.09 5.89

Dryships DRYS 1.85 2.09 -11.5 3.27 1.46

Eagle Bulk EGLE 3.44 3.65 -5.8 7.40 1.32

Euroseas ESEA 1.13 1.16 -2.6 1.91 0.86

Excel Martime EXM 0.42 1.10 -61.8 1.91 0.36

Freeseas FREE 1.10 1.28 -14.1 21.80 0.62

Genco Shipping&Trading GNK 1.73 2.89 -40.1 5.60 1.51

Costamare Inc. CMRE 16.17 15.86 2 16.71 12.08

Goldenport GPRT 36.30 34.10 6.5 87.00 33.01

Navios NM 4.50 4.47 0.7 4.65 3.08

GasLog LNG Services GLOG 12.57 12.91 -2.6 13.45 8.76

Paragon PRGN 4.31 5.17 -16.6 7.50 1.91

Safe Bulkers SB 4.91 5.07 -3.2 7.00 3.12

Star Bulk SBLK 6.26 7.18 -12.8 15.00 5.71

Stealthgas GASS 10.15 11.97 -15.2 12.10 5.17

TEN TNP 3.70 4.31 -14.2 6.42 3.04

TOP Ships TOPS 1.55 1.22 27 2.26 0.70

Box Ships Inc TEU 4.84 4.67 3.6 9.39 4.00

Diana Containerships Inc DCIX 5.66 5.36 5.6 7.88 4.80

Danaos Corporation DAC 4.09 4.00 2.3 4.73 2.44

Aegean Marine Petroleum ANW 6.29 6.74 -6.7 7.88 4.28

* 29/04/2013 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.