WEEKLY SHIPPING

MARKET REPORT WEEK 29

- 17th July – to 23rd July 2012 -

Legal Disclamer

The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up to date, Shiptrade Services S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report.

Researched and compiled by: Shiptrade Services SA, Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions please contact: market-research@shiptrade.gr

Shiptrade Services SA Tel +30 210 4181814 snp@shiptrade.gr 1st Floor, 110/112 Notara Street Fax +30 210 4181142 chartering@shiptrade.gr 185 35 Piraeus, Greece www.shiptrade.gr tankerchartering@shiptrade.gr

1

India: Weak overseas demand, infrastructure slowdown to hurt

steel companies' growth

Falling demand from Europe and China due to the slowdown in infrastructure, construction, capital goods and automobile sectors has resulted in muted volume growth for the steel industry across the globe. In India, the gains from softening raw material prices, viz, coking coal and iron ore over the past year were wiped out due to rupee depreciation, which fell by about 14% in the past six months. Moreover, high interest rates, ban on iron-ore mining in Karnataka and new projects failing to get environmental clearances have not augured well for the industry. The YoY volume growth for the first quarter of FY13 was 5% and is reportedly the lowest in the past 7-8 years. The government of India took a positive step by increasing duty on exports of iron ore. A complete ban on iron ore exports for a short period until the supply-demand mismatch rectifies can help improve the situation.Industry majors, like SAIL, Tata Steel and JSW Steel, are increasing capacity to handle the increased demand over the long term. However, not much of an upside is expected in the stock prices of steel companies in the short-to-medium term unless the scenario improves. SAIL The company's $300-million unhedged exposure in short-term debt and heavy dependence on imported coking coal (75%) make it vulnerable to weakening rupee. It is planning to invest $13 billion to hike capacity from 12.4 million tonne (mt) to 20.2 mt. In order to meet its increasing iron-ore requirement, the company is planning to increase the number of captive mines. The capital expenditure incurred on this will increase its debt-equity ratio from 0.27 times to 0.57 times. JSW Steel The company plans to invest $1.2 billion in the next two years. The interest outgo on this will mar its net profit margins. The loss of JSW Ispat Steel, its subsidiary, has also hurt its consolidated profitability. The company posted a 27% volume growth in production for the April-June quarter over the same quarter a year ago. Currently, the Vijayanagar plant has just enough capacity to last for the next two months. Lifting the Karnataka mining ban can boost revenues substantially. Tata Steel The share price has fallen by 26% in the past one year, mainly due to low demand from European operations and foreign exchange losses. It intends to invest $2.5 billion to ramp up capacity, which will increase its debt substantially. The benefit of this will be accrued in FY14. Jindal Steel and Power Despite its iron ore and steel investments in Bolivia being on tenterhooks, the company is looking elsewhere in South America, Africa and Australia. It has picked up stakes in companies, which can help raise its raw material self-sufficiency. For instance, it recently bought a 10% stake in Gujarat NRE Coking Coal (GNM) for close to $25 million. The company not only invests in building steel capacity, but has also forayed into value-added products to tap different markets. The steel firm has raised $700 million for its Odisha plant, which will use non-coking coal rather than traditionally-used coking coal and this will lead to economic and environmental benefits. (Economic Times)

China: Demand, supply forces hit coal prices

Domestic coal prices have been declining since May thanks to cooling demand as well as mounting inventories and growing output, the China National Coal Association (CNCA) announced. The CNCA also predicted that demand for coal will drop further in the second half of this year as supplies continue to rise and more imports of coal put pressure on the domestic industry. During the first half, fixed asset investment in the coal industry amounted to 210.3 billion yuan ($32.93 billion), up 23.1 percent year-on-year, the National Bureau of Statistics said. (Global Times)

Asia Naphtha-S.Korea's S-Oil fetches steeper premiums

South Korea's S-Oil Corp and Thailand's IRPC Pcl have sold a total of about 71,000 tonnes of August naphtha to Itochu Corp , with the former fetching premiums that were at least 10 times higher than a June cargo, traders said. South Korea's third-largest refiner sold 33,000 tonnes of light naphtha for Aug. 18-22 loading from Onsan to Itochu at premiums of $12.00-$13.50 to Japan spot quotes on a free-on-board (FOB) basis. That was sharply higher compared with premiums of less than $1.00 fetched for a late June cargo also sold to Itochu. It was unclear whether S-Oil managed to sell any spot for July lifting, although it had made an offer previously. The Asian naphtha market showed signs of improvement early this month on better petrochemical profits, with an unexpected shutdown at JX Nippon Oil & Energy Corp hastening the recovery as naphtha supply was reduced. IRPC sold about 38,000 tonnes of heavy naphtha for the second half of August to the Japanese trader, but exact premium levels were not known. Traders estimated that Itochu had likely paid a premium of $56-$60 per tonne to Japan quotes on a FOB basis compared with nearly $45-$50 per tonne IRPC received from Phillips 66 for a second-half June cargo. (Reuters)

BP to Begin Negotiations With Rosneft for TNK-BP Purchase

BP today confirmed it would begin negotiations with Rosneft for the potential purchase of BP’s shareholding in TNK-BP. BP also confirmed that while conducting parallel discussions with Rosneft and any other interested parties, it will negotiate in good faith with Alfa Access-Renova in accordance with its legal obligations. BP welcomed today’s announcement by Rosneft of its interest in commencing negotiations. BP and Rosneft confirmed they have signed a non-disclosure agreement. On July 19th BP began a 90-day period of good faith negotiations with Alfa Access-Renova regarding the potential sale of BP’s shareholding in TNK-BP as required by the TNK-BP shareholder agreement. This followed notification by Alfa Access-Renova of its intention to exercise its right to enter a period of negotiation to purchase part or all of BP’s 50 per cent share in TNK-BP. There can be no guarantee that any transaction will take place. Further announcements will be made when and if appropriate. (BP)

Shipping , Commodities & Financial News

2

In Brief: Negative trend for larger and more volatile sizes. Capes: Negative week for Capes Further downfall on rates this week with the average of the 4 TC routes ending up at USD 5,342 declined by USD 728 and the BCI closing at 1276 decreased by 44 points. The atlantic basin remained slow with small volume of fresh requirements. The fronthaul closed at USD 22,750 reported a decline of USD 1,250 whereas the transantlantic round trips fixed at USD 5,250 reduced by USD 1,000. The same negative sentiment in the pacific basin with the large volume of tonnage remaining the main reason of the continuing depreciated rates. In this respect the round trips fixed at USD 5,250 decreasing by USD 500. Period activity remained steady at around USD 10,500 levels. Panamax: Another stable week in both basins. This week we saw another stable quite movement in the panamax market. Once more fresh requirements in the Atlantic were outnumbered by lots of spot positions. Thus there were a lot of fixtures but the rates were not increased dramatically. Transantlantic rounds were seen fixed at USD 10,250 and fronthauls at USD 17,750. However there were some reports of ECSA fixtures to Far East at USD 11,000 levels + 500k bb. In the Pacific basin the scene was not much optimistic either. Although some Nopac fixtures closed at USD 10,000 abt, most of the Nopac and Aussie rounds were fixed at USD 8,500 levels. Short period market on the other hand showed more activity with 3/5 months fixed at USD 9,500 and 4/6 months at USD 9,000.

Supramax: Week was slow for supras in both basins

Atlantic market saw a notable decrease in rates mainly due to lack of fresh requirements. The transantlantic round trips fixed at USD 14,750 levels whilst the fronthaul remained steady closing at USD 24,000. In the pacific basin, the round trips fixed at USD 8,500 reporting a reduction of USD 800 whereas coal ex Indonesia to India fixed at around USD 9,500 levels. Backhaul ended up at USD 4,000 at the same levels as last week. Period activity was stable compare to previous week fixing at USD 10,250. Handysize: Black Sea Grains pushed rates upwards in the Atlantic As expected the Black Sea corps is in the market and rates in this area have been considerably improved. Other commodities charterers had to follow and pay premiumed rates for their cargoes(sulphur,ferts etc). The intramed grains paid abt 0,5 –1,5 usd more than the week before and fronthaul rates for handy size closed at very high teens with sulphur paying even usd 20 k passing canakkale for modern 35 k dwt vessels. On the other side of the Atlantic the situation is almost unchanged. USG paying more or less same as last week and ECSA grains/sugar remaining at the same freight levels. In the Pacific Basin the Nopac rates remain at usd 6-6,5 k dop bss delivery N China – Korea range but for the owners of overage bulkers the situation is depressing. Bagged products being exported from South China, Vietnam paying low , clinker traditionally paying low (usd 13-14 pmt for Chittagong) and steel products and general cargoes from China paying well only for PG/Iran. China/Waf rates are around usd 5,000 bss aps and believe this picture won t change before Septemeber.

Dry Bulk - Chartering

Dry Bulk - Chartering

3

Baltic Indices – Dry Market (*Friday’s closing values)

Index Week 29 Week 28 Change (%) BDI 1037 1110 -6,58

BCI 1276 1320 -3,33

BPI 1156 1202 -3,83

BSI 1192 1287 -7,38

BHSI 657 692 -5,06

T/C Rates (1 yr - $/day)

Type Size Week 29 Week 28 Change (%)

Capesize 160 / 175,000 10500 10500 0,00

Panamax 72 / 76,000 10000 10000 0,00

Supramax 52 / 57,000 10000 10000 0,00

Handysize 30 / 35,000 7250 7250 0,00

Average Spot Rates

Type Size Route Week 29 Week 28 Change %

Capesize 160 / 175,000

Far East – ATL -12000 -11750 -

Cont/Med – Far East 22750 24000 -5,21

Far East RV 5250 5750 -8,70

TransAtlantic RV 5250 6250 -16,00

Panamax 72 / 76,000

Far East – ATL 150 200 -25,00

ATL / Far East 17750 18500 -4,05

Pacific RV 8500 8600 -1,16

TransAtlantic RV 10250 11000 -6,82

Supramax 52 / 57,000

Far East – ATL 4000 4000 0,00

ATL / Far East 24000 24000 0,00

Pacific RV 8500 9300 -8,60

TransAtlantic RV 14750 16300 -9,51

Handysize 30 / 35,000

Far East – ATL 5000 6750 -25,93

ATL / Far East 18250 17750 2,82

Pacific RV 6500 6750 -3,70

TransAtlantic RV 10500 11000 -4,55

4

ANNUAL

MAY 2012 – JULY 2012

Dry Bulk - Chartering

5

Dry Bulk - Chartering

Capesize Routes – Atlantic 2011 / 12

$0,00

$5.000,00

$10.000,00

$15.000,00

$20.000,00

$25.000,00

$30.000,00

$35.000,00

$40.000,00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55

C2 TUB/ ROT

C4RBAY /ROTC7 BOL/ ROT

C8 T/ARV

AVGALL TC

Capesize Routes – Pacific 2011 / 12

$0,00

$10.000,00

$20.000,00

$30.000,00

$40.000,00

$50.000,00

$60.000,00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55

C3 TUB /PRC

C5 WAUST /PRC

C9 CONT /FE

C10 FE R/V

Panamax Routes – Atlantic 2011 / 12

0

5000

10000

15000

20000

25000

30000

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55

P1A T/A RV

P2ACONT/FE

6

Dry Bulk - Chartering

Panamax Routes – Pacific 2011 /12

-$5.000,00

$0,00

$5.000,00

$10.000,00

$15.000,00

$20.000,00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55

P3A FE R/V

P4 FE/CON

AVG ALL TC

Supramax Routes – Atlantic 2011 /12

0

5000

10000

15000

20000

25000

30000

35000

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55

S1A CON / FE

S1B BSEA / FE

S4A USG /CONT

S4B CONT /USG

S5 WAFR / FE

Supramax Routes – Pacific 2011 / 12

$0,00

$2.000,00

$4.000,00

$6.000,00

$8.000,00

$10.000,00

$12.000,00

$14.000,00

$16.000,00

$18.000,00

$20.000,00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55

S2 FE R/V

S3 FE / CON

S6 FE / INDI

S7 ECI / CHI

AVG ALL TC

7

VLCC: Despite the number of fixtures recorded in the previous week , the trend continues to be weak, showing a

2.4 % decline for fixtures WAFR – USG and and 1.45 for AG-JPN the only steady route was that AG – USG.

Suezmax: With tonnage in the Atlantic region building up, the rates felt more pressure. Rates in the WAFR-USAC

lost approximately 7.4% however the Black Sea – MED saw an increase of about 2.5 points.

Aframax: Caribbean rates saw an increase by 2.5 points last week with the list of tonnages seen shrinking, which

provided for more gains for owners.

Panamax: Caribbean market remained in the WS 90’s while tonnage lists seem to be shrinking, however the

European markets gave stronger results and some owners decided to ballast towards that position.

Products: Caribbean MR trade continued its negative trend for one more week. USG – TA route saw a further

decrease as owners where not willing to pursue European trades. Cargoes from USG where the only ones to

shed a positive sign.

Baltic Indices – Wet Market (*Friday’s closing values)

Index Week 29 Week 28 Change (%)

BCTI 560 556 0,72

BDTI 624 629 -0,79

T/C Rates (1 yr - $/day)

Type Size Week 29 Week 28 Change (%)

VLCC 300.000 23,000 23,000 0,00

Suezmax 150.000 16,750 16,750 0,00

Aframax 105.000 13,500 13,500 0,00

Panamax 70.000 12,750 12,750 0,00

MR 47.000 13,500 13,750 -1,82

Tanker - Chartering

8

Crude Tanker Average Spot Rates

Type Size (Dwt) Route Week 29 WS

Week 28 WS

Change %

VLCC

280,000 AG – USG 24 24 0,00

260,000 W.AFR – USG 41,5 42,5 -2,35

260,000 AG – East / Japan 34 34,5 -1,45

Suezmax 135,000 B.Sea – Med 72,5 70 3,57

130,000 WAF – USAC 62,5 67,5 -7,41

Aframax

80,000 Med – Med 85 90 -5,56

80,000 N. Sea – UKC 87,5 90 -2,78

80,000 AG – East 107 100 7,00

70,000 Caribs – USG 95 92,5 2,70

Product Tanker Average Spot Rates

Type Size (Dwt) Route Week 29 WS

Week 28 WS

Change %

Clean

75,000 AG – Japan 107 100 7,00

55,000 AG – Japan 121 120 0,83

38,000 Caribs – USAC 100 105 -4,76

37,000 Cont – TA 90 90 0,00

Dirty

55,000 Cont – TA 100 105 -4,76

50,000 Caribs – USAC 90 100 -10,00

Tanker - Chartering

9

VLCC Trading Routes 2011 / 12

Suezmax Trading Routes 2011 / 12

Aframax Trading Routes 2011 / 12

Tanker - Chartering

10

Clean Trading Routes – 2011 / 12

Dirty Trading Routes – 2011 / 12

Tanker - Chartering

11

Activity Slow down

Previous week showed slow activity in the S&P market mostly on the dry sector with quite some movement on the wet

sector. Notable sales this week is the enbloc sale of four Aframax tankers by Sinokor.

Shiptrades enquiry Index continued previous trend with Handymaxes and Panamaxes being of high demand and modern

handysize tonnages followed this trend. Regarding tankers interest for MR’s is still there with interest for Aframaxes

following.

Sinokor purchased four sister Aframax tankers, namely “Cape Avila” , “Cape Ancona” , Cape Aspro” , “Cape Akrotiri” (all are

about 105.000 dwt built Halla Korea 1998) for USD 10.5 mill each.

NEWBUILDINGS

In the newbuilding market, we have seen 9 vessels reported to have been contracted.

9 Bulk carriers (Handysize, Supramax, Ultramax, Kamsarmax)

DEMOLITION

Bangladesh buyers have slowed down this week mostly because of previous purchases which filled their yards.Indian

market has continued business as usual, while awaiting the Supreme Court hearing regarding hazardous materials on

board vessels. Pakistan showed a slow week , mostly because of previous purchases. Chinese market had increased

demand for tonnages , mostly because of the fall on steel prices.

Sale & Purchase

12

Indicative Market Values – ( 5 yrs old / Mill $ )

Bulk Carriers

Week 29 Week 28 Change %

Capesize 34 34 0.00

Panamax 22 22 0.00

Supramax 19 19 0.00

Handysize 17 17 0.00

Tankers

VLCC 58 58 0.00

Suezmax 44 44 0.00

Aframax 27 27 0.00

Panamax 27 27 0.00

MR 23 23 0.00

Weekly Purchase Enquiries

SHIPTRADE P/E WEEKLY INDEX

0

50

100

150

200

250

300

350

01-07/3/201

1

08-14/3/201

1

15-21/03/20

11

22-28/03/20

11

29/03

-4/4/201

1

5/4/-11/4/20

11

12-18/4/201

1

19-25/4/201

1

26/4-2/5/2011

3-9/5/2011

10-16/5/201

1

17-23/5/201

1

24-30/5/201

1

31/5-6/6/2011

7-13/6/2011

14-20/6/201

1

21-27/6/201

1

28/6-4/7/2011

5-11/7/2011

12-18/7/201

1

19-25/7/201

1

26/7-1/8/2011

2-8/8/2011

9-15/8/2011

16-21/8/201

1

22-29/8/201

1

30/8-05/9/201

1

06-12/9/201

1

13-19/9/201

1

20-26/9/201

1

27/9-3/10/201

1

4-10/10/201

1

11-17/10/20

11

18-24/10/20

11

25-31/10/20

11

1-7/11/2011

8-14/11/201

1

15-21/11/20

11

22-28/11/20

11

29/11

-5/12/20

11

6-12/12/201

1

13-19/12/20

11

20-26/12/20

11

27/12

/2011

-9/1/2012

10-16/1/201

2

17-23/1/201

2

24-30/1/201

2

31/1-6/2/2012

7-13/2/2012

14-20/02/20

12

21-27/02/20

12

28/2-5/03/201

2

6-12/03/201

2

13-19/03/20

12

20-26/03/20

12

27/3-2/4/2012

3-9/4/2012

10-16/4/201

2

17-23/4/201

2

24/4-1/5/2012

2-8/5/2012

9-15/5/2012

16-22/5/201

2

23-29/5/201

2

30/5-5/6/2012

6-12/6/2012

13-19/6/201

2

20-26/6/201

2

27/6-3/7/2012

4/7-10/7/2012

11/7-17/7/201

2

18-24/7/201

2

KOREA CHINA SPORE

KCS GREECE OTHER

SUM Series8 Series9

Series10 Series11 Series12

Series13 Series14

Sale & Purchase

13

Reported Second-hand Sales

Bulk Carriers Name Dwt DoB Yard SS Engine Gear Price Buyer

Baosteel Education 228.527 2009 Namura, JPN 03/2014 MIT - 45 mill MOL

Tankers Name Dwt DoB Yard SS Engine Hull Price Buyer

Cape Avila 105.237 1998 Halla, KOR 12/2013 B&W DH 10.5 mill

En Bloc to Sinokor

Cape Ancona 105.237 1998 Halla, KOR 06/2013 B&W DH 10.5 mill

Cape Aspro 105.237 1998 Halla, KOR 05/2013 B&W DH 10.5 mill

Cape Akrotiri 105.237 1998 Halla, KOR 11/2013 B&W DH 10.5 mill

Ballad 44.999 1996 Halla, KOR 06/2016 B&W DH Excess 10 mill Undisclosed

Siva Rotterdam 19.900 2012 Usuki, JPN 05/2017 B&W DH 30 mill Undisclosed

Chemstar Duke 19.441 2000 Kurushima, JPN 06/2015 MIT DH Mid 12 mill Indonesians

Sale & Purchase

14

Newbuilding Orders

No Type Dwt / Unit Yard Delivery Owner Price 2 BC 81.300 Qingdao 2013 Xiamen Hua Hai -

2 BC 64.000 Hantong 2014 HI Investment -

2 BC 57.000 Tsuneishi 2014 Ugland -

2 + 1 BC 36.000 Samjin 2014 Ultrabulk -

Newbuilding Prices (Mill $) – Japanese/ S. Korean Yards

Newbuilding Resale Prices

Bulk Carriers

Capesize 45 42

Panamax 31 29

Supramax 29 27

Handysize 23 21

Tankers

VLCC 93 85

Suezmax 60 58

Aframax 47 42

Panamax 40 37

MR 34 31

Newbuilding Resale Prices

Bulk Carriers (2008 – Today) Tankers (2008 – Today)

Newbuildings

15

Demolition Sales

Vessel Type Built Dwt Ldt Buyer Country Price Sin Ocean BC 1981 35.089 7.600 Bangladesh 375

Union Brave Yanker 1983 18.732 5.808 India 425

Demolition Prices ($ / Ldt)

Bangladesh China India Pakistan

Dry 380 330 375 370

Wet 405 350 405 400

Demolition Prices

Bulk Carriers (2008 – Today) Tankers (2008 – Today)

Demolitions

16

Shipping Stocks

Commodities

Commodity Week 29 Week 28 Change (%) Brent Crude (BZ) 103,43 103,26 0,16

Natural Gas (NG) 3,12 2,82 10,64

Gold (GC) 1574 1576 -0,13

Copper 336,20 344,85 -2,51

Wheat (W) 369,64 336,57 9,83

Dry Bulk

Company Stock Exchange Week 29 Week 28 Change % Baltic Trading Ltd (BALT) NYSE 3,46 3,70 -6,49

Diana Shipping Inc (DSX) NASDAQ 6,87 7,08 -2,97

Dryships Inc (DRYS) NASDAQ 2,26 2,20 2,73

Euroseas Ltd (ESEA) NASDAQ 1,20 1,11 8,11

Excel Maritime Carriers (EXM) NYSE 0,42 0,46 -8,70

Eagle Bulk Shipping Inc (EGLE) NASDAQ 2,96 2,90 2,07

Freeseas Inc (FREESE) NASDAQ 0,40 0,52 -23,08

Genco Shipping (GNK) NYSE 2,72 2,88 -5,56

Navios Maritime (NM) NYSE 3,44 3,42 0,58

Navios Maritime PTN (NMM) NYSE 13,96 13,16 6,08

Paragon Shipping Inc (PRGN) NASDAQ 0,54 0,53 1,89

Star Bulk Carriers Corp (SBLK) NASDAQ 0,62 0,74 -16,22

Seanergy Maritime Holdings Corp (SHIP) NASDAQ 2,10 2,20 -4,55

Safe Bulkers Inc (SB) NYSE 6,12 6,36 -3,77

Golden Ocean (GOGL) Oslo Bors (NOK) 4,25 3,99 6,52

Tankers Capital Product Partners LP (CPLP) NASDAQ 8,09 7,82 3,45

TOP Ships Inc (TOPS) NASDAQ 1,51 1,58 -4,43

Tsakos Energy Navigation (TNP) NYSE 5,62 5,49 2,37

Other

Aegean Maritime Petrol (ANW) NYSE 5,94 5,28 12,50

Danaos Corporation (DAC) NYSE 4,00 4,33 -7,62

StealthGas Inc (GASS) NASDAQ 5,95 5,85 1,71

Rio Tinto (RIO) NYSE 45,34 46,97 -3,47

Vale (VALE) NYSE 19,07 19,64 -2,90

ADM Archer Daniels Midland (ADM) NYSE 27,00 27,39 -1,42

BHP Billiton (BHP) NYSE 64,04 63,22 1,30

Financial Market Data

17

Currencies

Week 29 Week 28 Change (%) EUR / USD 1,22 1,22 0,00

USD / JPY 78,81 79,40 -0,74

USD / KRW 1143 1155 -1,04

USD / NOK 6,09 6,12 -0,49

Bunker Prices

IFO 380 IFO 180 MGO Piraeus 605 635 915

Fujairah 620 640 980

Singapore 610 620 880

Rotterdam 592 618 880

Houston 600 635 945

Port Congestion*

Port No of Vessels

China Rizhao 17

Lianyungang 41

Qingdao 76

Zhanjiang 16

Yantai 38

India

Chennai 13

Haldia 9

New Mangalore 4

Kakinada 9

Krishnapatnam 11

Mormugao 7

Kandla 52

Mundra 13

Paradip 13

Vizag 86

South America

River Plate 337

Paranagua 74

Praia Mole 12

* The information above exhibits the number of vessels, of various types and sizes, that are at berth, awaiting anchorage, at

anchorage, working, loading or expected to arrive in various ports of China, India and South America during Week 29 of year

2012.

Financial Market Data / Bunker Prices / Port Congestion