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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
September 2011
M O N T H L Y R E P O R T
0
2000
4000
6000
8000
10000
12000
Sep
-01
Jan
-02
May
-02
Sep
-02
Jan
-03
May
-03
Sep
-03
Jan
-04
May
-04
Sep
-04
Jan
-05
May
-05
Sep
-05
Jan
-06
May
-06
Sep
-06
Jan
-07
May
-07
Sep
-07
Jan
-08
May
-08
Sep
-08
Jan
-09
May
-09
Sep
-09
Jan
-10
May
-10
Sep
-10
Jan
-11
May
-11
Sep
-11
Baltic Dry Index
PRICES TANKERS ($ MIO)
2006 2007 2008 2009 2010 Sep-11
VLCC 5Y 117,2 136,0 155,8 78,0 87,8 72.5
VLCC 10Y 95,8 114,5 131,0 59,5 64,3 44.5
SUEZMAX 5Y 81,0 95,5 106,0 57,0 62,8 47.0
AFRAMAX 5Y 65,3 70,0 76,8 40,5 44,5 36.0
AFRAMAX10Y 51,8 60,0 64,7 23,5 30,7 21.2
PANAMAX5Y 55,5 60,4 61,0 35,5 39,0 32.0
45K 5Y D/H 47,3 53,0 52,7 23,5 27,3 28.5
45K 10Y D/H 38,9 44,7 43,2 16,0 19,7 18.0
45K 20Y 13,2 12,8 16,0 4,0 6,7 6.3
PRICES BULKERS ($ MIO)
2006 2007 2008 2009 2010 Sep-11
CAPESIZE 5Y 81,2 148,0 45,5 54,5 57,0 39.0
CAPESIZE 10Y 61,8 103,0 30,0 45,0 43,0 29.0
CAPESIZE 15Y 43,0 88,5 21,0 28,0 26,0 16.0
CAPESIZE 20Y 21,3 60,0 79,0 16,5 16,4 11.2
PANAMAX 5Y 45,4 89,0 25,5 35,0 38,5 26.7
PANAMAX 10Y 37,0 71,5 19,0 27,5 31,6 21.0
PANAMAX 15Y 27,7 61,0 12,5 22,0 23,1 15.0
PANAMAX 20Y 16,1 44,0 9,2 12,0 13,8 11.2
SUPRAMAX 5Y 40,0 74,5 24,0 27,5 31,9 25.0
HANDYMAX10Y 32,0 60,5 18,2 22,0 24,7 19.0
HANDYMAX15Y 22,1 46,0 13,0 17,5 20,0 14.2
HANDYMAX20Y 15,4 36,0 7,4 11,0 12,0 10.5
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
2
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 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Total
BULK 35 52 32 42 40 32 233 TANK 24 37 20 37 18 23 159 GAS 3 14 2 14 8 2 43 CONT 4 8 5 9 7 14 47 TWEEN 3 6 3 6 1 0 19 REEF 1 0 0 0 0 1 2 RORO 5 2 3 2 0 1 13 FERRY 1 2 1 2 0 0 6 CRUISE 0 0 0 0 0 0 0
Total 76 121 66 112 74 73 522
558
32
420
41
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
165
23
143
18
0
50
100
150
200
THIS MONTH - PREVIOUS MONTH
S&P Activity - Tankers (<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
3
TANKER SALES
603
803
616
892
659 650
0
200
400
600
800
1000
39 42 45 48 51 3 6 9 12 15 18 21 24 27 30 33 36
WEEK NO
Baltic Clean Tanker - Yearly
2011 2010
1061
661
1047
737 674
0
200
400
600
800
1000
1200
39 42 45 48 51 3 6 9 12 15 18 21 24 27 30 33 36
WEEK NO
Baltic Dirty Tanker - Yearly
2011 2010
688
659
646
675
620
640
660
680
700
30/08/2011 06/09/2011 13/09/2011 20/09/2011
Baltic Clean Tanker - Monthly
677
672
681
683
700
650
660
670
680
690
700
710
30/08/2011 06/09/2011 13/09/2011 20/09/2011
Baltic Dirty Tanker - Monthly
NAME DWT BLT PRICE $ BUYER
BRIXHAM 5500 2009 CHINA DH * ENBLOC BSS▼
HARLINGTON 5500 2009 CHINA DH * ENBLOC BSS▼
MUMBAI 5500 2009 CHINA DH * ENBLOC BSS▼ KIEL 5500 2010 CHINA DH * ENBLOC BSS▼ RMEIL 6174 2010 CHINA DH 6 MIO UK BASED (Price Each)
QASEH 7000 2008 CHINA DH 4.5 MIO UNDISCLOSED HOWA 8298 2002 JAPAN DH 9.2 MIO SINGAPOREAN STOLT AYAME 9070 1991 JAPAN DH 3.5 MIO UNDISCLOSED SICHEM PADUA 9215 1993 S.KOREA DH 4 MIO GREEK SICHEM PANDORA 9215 1994 S.KOREA DH 4 MIO GREEK SAMHO CORDELIA 13153 2008 S.KOREA DH 13 MIO UNDISCLOSED CLIPPER CARIBE 14246 2005 JAPAN DH 15 MIO DE POLI TANKERS, ITALY ROYAL STELLA 19993 2009 S.KOREA DH 20 MIO GREEK (Via Auction in Singapore) ROYAL ORION 19997 2009 S.KOREA DH 20 MIO GREEK (Via Auction in Singapore)
MARIA KNUTSEN 22171 2001 SPAIN DH 45 MIO ENBLOC BSS▼ ISABEL KNUTSEN 22377 2000 SPAIN DH 45 MIO SINOCHEM , CHINA
HIGH CENTURY 48676 2006 JAPAN DH 27 MIO UNDISCLOSED HELLESPONT TRUST 147262 1999 S.KOREA DH 24.4 MIO GREEK
TICEN OCEAN 284497 1991 S.KOREA SH * ENBLOC BSS▼ TITAN ORION 284480 1992 S.KOREA SH * ENBLOC BSS▼ TITAN ARIES 302493 1993 S.KOREA DS 72.7 MIO PETROBRAS (Total Price)
SAGA CHELSEA 298432 1995 S.KOREA DH 25 MIO UK
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
4
GAS SALES
6520
17000
7250 3500
13500235003350043500535006350073500
Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11
$/D
ay
Spot Market - Tankers VLCC
SUEZMAX
AFRAMAX
20525 18220
15100
05000
10000150002000025000300003500040000
Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
NAME DWT BLT CBM PRICE $ BUYER
GAZ LIBERTY 7230 1982 UK 6617 2.5 MIO GREEK
TRANSGAS 67460 1977 FRANCE 129323 29 MIO FAR EASTERN
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
5
BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
BALSA 61 6830 1997 JAPAN CR 2X15 4 MIO CHINESE BALSA 62 6830 1997 JAPAN CR 2X15 4 MIO CHINESE WESTERHAVEN 8450 2000 CROATIA CR 2X40 11 MIO BRAZILIAN EASTSTAR 8865 1997 ROMANIA CR 2X40 3.6 MIO UNDISCLOSED
ATLANTICBORG 17356 2008 CHINA CR 3X60 * ENBLOC BSS▼ AVONBORG 17407 2009 CHINA CR 3X60 * ENBLOC BSS▼
ALASKABORG 17407 2009 CHINA CR 3X60 25 MIO CITGO PETROLEUM, USA (Price Each)
TONGFANG JIANGXIN JX625
19000 2011 CHINA CR 2X240 * ENBLOC BSS▼
TONGFANG JIANGXIN JX626
19000 2011 CHINA CR 2X240 27.8 MIO DANISH (Price Each)
LORD BYRON 25694 1985 JAPAN CR 3X25, DR
1X25 5.7 MIO RUSSIAN
ALADDIN RAINBOW 32260 1999 JAPAN CR 4X30 16 MIO GREEK TRITON 34000 2011 S.KOREA CR 4X30 26 MIO GREEK POSEIDON 34000 2011 S.KOREA CR 4X30 26 MIO GREEK SHANDONG HUAHAI P1001
36000 2011 CHINA GLESS 23.6 MIO OLDENDORFF, GERMANY
AFRICAN ALTAIR 37300 2011 CHINA CR 4X30 23.6 MIO EU BASED POSEIDON V 41373 1984 JAPAN CR 5X25 5.5 MIO CHINESE
SEA HOPE 48512 1998 JAPAN CR 4X25 16 MIO TIANJIN GUODIAN SHIPPING
YOUNG SPRING 53023 2002 JAPAN CR 4X30 22.5 MIO INDONESIAN PEARL VENUS 53679 1991 JAPAN CR 3X14.5 11 MIO UNDISCLOSED
672
670
683
690
677
687
660
665
670
675
680
685
690
695
30/08/2011 06/09/2011 13/09/2011 20/09/2011
Baltic Handysize
21379
1401
1446
1471
1320
1340
1360
1380
1400
1420
1440
1460
1480
1500
30/08/2011 06/09/2011 13/09/2011 20/09/2011
Baltic Supramax
2
1624 1634
1685
1748
1734
1642
1560
1580
1600
1620
1640
1660
1680
1700
1720
1740
1760
30/08/2011 06/09/2011 13/09/2011 20/09/2011
Baltic Panamax
4
2975 2938
3342
2847
3244
0
500
1000
1500
2000
2500
3000
3500
4000
30/08/2011 06/09/2011 13/09/2011 20/09/2011
Baltic Capesize
44 4438
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
6
FREEDOM LILY 56056 2005 JAPAN CR 4X30 25 MIO EUROPEAN
ARCTUROS 57000 2011 CHINA CR 4X36 * ENBLOC BSS▼ IDA SELMER 57000 2011 CHINA CR 4X30 * ENBLOC BSS▼
THOMAS SELMER 57000 2011 CHINA CR 4X30 26.5 MIO
THAI PRECIOUS SHIPPING, THAILAND (Price
Each)
WIKING 57000 2011 CHINA CR 4X30 27.5 MIO CHINESE (Dely
10/2011) MAGNETIC ISLE 68461 1996 JAPAN CR 4X30 15.4 MIO UNDISCLOSED PEQUOT 70165 1996 JAPAN GLESS 14.8 MIO FAR EASTERN TRITON OSPREY 81448 2007 JAPAN GLESS 28 MIO GREEK SUMA 149380 1994 CHINA GLESS 14 MIO CHINESE LOWLANDS PROSPERITY 169229 2001 S.KOREA GLESS 28.7 MIO UNDISCLOSED
HARMONIOUS 174234 2007 CHINA GLESS 38.8 MIO LAURITZEN BULKERS, DENMARK
IMABARI SAIJO 8109 180200 2011 JAPAN GLESS 48.5 MIO UNDISCLOSED BEGONIA 180265 2005 JAPAN GLESS 37.5 MIO UNDISCLOSED
26800
11995
9945
05000
1000015000200002500030000350004000045000
Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11
$/D
ay
Spot Market - Bulkers CAPESIZE
PANAMAX
HANDYMAX
19350
13298 12160
0
5000
10000
15000
20000
25000
30000
35000
Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11
$/D
ay
Period Market - Bulkers 1 Year T/C
CAPE
PMAX
HANDYMAX
44
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
7
COMBO SALES
NAME DWT BLT GEAR PRICE $ BUYER
ALKMAN 66221 1985 JAPAN 8 MIO FUZHOU FENGDA SHIPPING, CHINA
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
JOHN MITCHELL 5273 1997 GERMANY GLESS 523 2.6 MIO UNDISCLOSED LILLY MITCHELL 5401 1993 GERMANY GLESS 417 1.8 MIO UNDISCLOSED YI FA 6832 1994 S.KOREA GLESS 357 3.6 MIO CHINESE HAL ADMIRALTY 8160 1996 CHINA CR 2X40 660 7 MIO INDONESIAN TERRA BONA 22308 1993 JAPAN CR 3X40 1304 8.4 MIO TANTO, INDONESIA P+O NEDLLOYD COLERIDGE
22340 1994 GERMANY CR 3X40 1608 11 MIO BRAZILIAN
MARCALABRIA 23276 1993 GERMANY CR 3X40 1684 7.5 MIO GREEK TORGE S 33216 2003 JAPAN CR 3X40 2483 24 MIO GREEK (Bss SS/DD Passed) MSC ULSAN 52785 2002 S.KOREA GLESS 4132 30 MIO GREEK
OOCL SINGAPORE 67476 1997 JAPAN GLESS 5390 * ENBLOC BSS▼ OOCL NETHERLANDS
67473 1997 JAPAN GLESS 5390 * ENBLOC BSS▼
OOCL JAPAN 67752 1996 JAPAN GLESS 5344 * ENBLOC BSS▼ OOCL BRITAIN 67958 1996 JAPAN GLESS 5344 32 MIO GREEK (Incl 4 Yrs TCBack)
MSC VIVIANA 85824 2003 S.KOREA GLESS 6402 60 MIO GREEK (Incl 10 Yrs TCBack at
USD 29000 Pd)
REEFER SALES
NAME DWT BLT GEAR CBFT PRICE $ BUYER
MONTERREY 9952 1991 GERMANY DR 2X10, DR 7X5
470607 4.1 MIO CHINESE
REEFER SALES
NAME GT BLT TEU TRLRS PRICE $ BUYER
CLARA DEL MAR 11197 2007 CHINA 500 104 * SPANISH (Via Auction at
Eur 19 Mio)
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
8
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 15 18 44 17 9 1 0 89
Capesize 130 85 159 65 7 8 0 324
Small Cape 92 64 114 24 4 0 0 206
Panamax 130 130 417 150 39 0 0 736
Supramax 245 182 385 150 5 1 0 723
Handys 185 150 298 105 16 0 0 569
Total 797 629 1417 511 80 10 0 2647
Tanker Orderbook
Ship Type 2011 (deliv) 2011 2012 2013 2014 2015 2016+ Total
ULCC/VLCC 44 27 63 38 10 0 0 138
Suezmax 34 17 60 35 4 0 0 116
Aframax 37 25 53 22 3 0 0 103
Panamax 24 10 19 14 2 0 0 45
MR 60 21 87 33 0 0 0 141
Handy 16 12 9 3 0 0 0 24
Total 215 112 291 145 19 0 0 567
LPG Tank Orderbook
Ship Type 2011 (deliv) 2011 2012 2013 2014 2015+ Total
VLGC 1 2 4 9 0 0 15
LGC 0 0 0 0 0 0 0
MR 2 2 2 0 0 0 4
Handy 4 5 12 9 1 1 28
Small 23 29 23 6 3 3 64
Total 30 38 41 24 4 4 111
100.3
62.6 53.2
35.5
0
20
40
60
80
100
120
Aug-09 Dec-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11
$m
Tanker Prices VLCC Suezmax
Aframax MR
1
5
3
51.2
30.1
28.4
23.9
0
10
20
30
40
50
60
70
Aug-09 Dec-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11
$m
Bulker Prices Capesize Panamax
Handymax Handysize
5
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
9
80
215
98
191
972
236
7
121 53
0
100
200
300
400
500
600
700
800
900
1000
2009 2010 Sep-11
No
. o
f V
es
se
ls
Newbuilding Sales Tankers >10,000 dwt
Bulkers >10,000 dwt
Containerships
72
109.2
54.2
24.2
43.3
30.6
0
20
40
60
80
100
120
Sep-11 2012 2013+
m. d
wt
Delivery Schedule Bulkers >10,000 dwt.
Tankers >10,000 dwt
46.5
19.4
11.7 5
14.8
0
5
10
15
20
25
30
35
40
45
50
September 2011
m.
dw
t
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products
103.2
69.5
41.6
22
0
20
40
60
80
100
120
September 2011
m. d
wt
Bulker Newbuildings on Order Capesize Panamax
Handymax Handysize
Newbuilding Historical Prices ($m)
Tankers Sep-11 2010 2009 2008 2007 2006 2005 2004 2003 2001 1995 1990 1985
310,000 DWT1 100.3 104.8 97.5 150 145 130 120 108 77.1 69.9 85.3 87.4 2 38.2
170,000 DWT1 62.6 66.3 61 90 90 80 71.5 71 51.4 46.3 54 66.1 2 28.2
110,000 DWT1 53.2 56 49.5 74 72 65.5 58 60 41.4 36.3 43.3 53.2 2 18.1
47,000 DWT1 35.5 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 51.2 57.2 55.5 87 96 67 58.5 64.5 48.2 35.8 42.3 60.2 29.3
73,000 DWT1 30.1 34.3 34.5 45.5 54 39.5 36 37 27.1 20.3 27.9 30 13.4
45,000 DWT 28.4 31.1 29 41 47.5 37 31 30 24.1 18.4 24.1 25.3 12.4
29,000 DWT 23.9 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)
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
10
The Shipbuilding Market
TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES CONT 11850 Zhejiang Yangfan 2013 SITC
CONT 11850 Zhejiang Yangfan 2013 SITC
BULK 82000 Sungdong S.B. 2012 Nisshin Shpg. Co. Ltd.
BULK 82000 Sungdong S.B. 2012 Nisshin Shpg. Co. Ltd.
PASS 1200 Colombo Dockyd. 2013 Indian Government
PASS 1200 Colombo Dockyd. 2013 Indian Government
PSV 4000 Remontowa 2013 Gulf Offshore NS
PSV 4000 Remontowa 2013 Gulf Offshore NS
BULK 35000 Dae Sun S.B. 2013 Greek Interest
BULK 35000 Dae Sun S.B. 2013 Greek Interest Option
BULK 205000 Qingdao Yangfan 2013 Unknown
BULK 205000 Qingdao Yangfan 2013 Unknown
BULK 35000 Chengxi Shipyard 2013 CSL Group Inc
BULK 35000 Chengxi Shipyard 2013 CSL Group Inc
CONT 12000 Jiangsu New Yangzij. 2014 98 Mio Seaspan Corp.
CONT 12000 Jiangsu New Yangzij. 2014 98 Mio Seaspan Corp.
CONT 11850 Zhejiang Yangfan 2013 SITC
CONT 11850 Zhejiang Yangfan 2013 SITC
BARGE MP Shipyard 2012 Pelayaran Nasional
BARGE MP Shipyard 2012 Pelayaran Nasional
BULK 82000 Sungdong S.B. 2012 Nisshin Shpg. Co. Ltd.
BULK 82000 Sungdong S.B. 2012 Nisshin Shpg. Co. Ltd.
TANKER 19800 Kitanihon Zosen 2013 Zodiac Maritime Agy.
TANKER 19800 Kitanihon Zosen 2013 Zodiac Maritime Agy.
TANKER 19800 Kitanihon Zosen 2013 Zodiac Maritime Agy.
TANKER 19800 Kitanihon Zosen 2013 Zodiac Maritime Agy.
TANKER 19800 Kitanihon Zosen 2013 Zodiac Maritime Agy.
TANKER 19800 Kitanihon Zosen 2013 Zodiac Maritime Agy.
GEN.CARGO 13000 Shandong Huanghai 2013 13.5 Mio NS United K.K
GEN.CARGO 13000 Shandong Huanghai 2013 13.5 Mio NS United K.K
GEN.CARGO 13000 Shandong Huanghai 2013 13.5 Mio NS United K.K Option
GEN.CARGO 13000 Shandong Huanghai 2013 13.5 Mio NS United K.K Option
TANKER 4800 Linhai Chengzhou 2012 Panoil Tankers
TANKER 4800 Linhai Chengzhou 2012 Panoil Tankers
RORO/CONT 26000 Hyundai Mipo 2013 68.57 Mio Nat.Shpg.of South Arabia
RORO/CONT 26000 Hyundai Mipo 2013 68.57 Mio Nat.Shpg.of South Arabia
TANKER 52000 Hyundai Mipo 2012 Consolitated Marine
TANKER 52000 Hyundai Mipo 2013 Consolitated Marine
CRUISE 1400 Fincantieri 2013 Iles du Ponant
BULK 97000 I.H.I. 2013 Daiichi Chuo
BULK 97000 I.H.I. 2013 Daiichi Chuo
BULK 97000 I.H.I. 2013 Daiichi Chuo
CONT 30000 STX Dalian 2013 Sea Consortium
CONT 30000 STX Dalian 2013 Sea Consortium
CONT 30000 STX Dalian 2013 Sea Consortium Option
CONT 30000 STX Dalian 2013 Sea Consortium Option
CONT 30000 STX Dalian 2013 Sea Consortium Option
CONT 30000 STX Dalian 2014 Sea Consortium Option
CONT 30000 STX Dalian 2014 Sea Consortium Option
CONT 30000 STX Dalian 2014 Sea Consortium Option
LNG 85000 Hyundai H.I. 2014 BW Gas
LNG 85000 Hyundai H.I. 2014 BW Gas
LNG 85000 Hyundai H.I. 2015 BW Gas Option
LNG 85000 Hyundai H.I. 2015 BW Gas Option
LIVESTOCK 15000 COSCO Guangdong 2014 28.25 Mio Vroon B.V.
CONT 14000 Dae Sun S.B. 2013 19.80 Mio Korea Ship Finance
CONT 14000 Dae Sun S.B. 2013 19.80 Mio Korea Ship Finance
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
11
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
180230280330380430480530580630680730780
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
$
Tankers 2008 2009
2010 2011
455 447 465 479 484 473 472 473 484
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 505 /lt Ldt USD 525 /lt Ldt
Pakistan USD 500 /lt Ldt USD 520 /lt Ldt
Bangladesh USD 490 /lt Ldt USD 515 /lt Ldt
China USD 440 /lt Ldt USD 460 /lt Ldt
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
12
India
13.4 27
28.65 26.9
38 25.6
14.5 4.9
2.35 4.6
3.8 15.9
16.7 18.9
15.5 18
15.6 25
30.5 22.4
28.4 28.5
27 10
5.5 6.5
5 12
28.9 25.7
26.5
0 5 10 15 20 25 30 35 40
1981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011
Million dwt
Year
Total Demolition
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK ATRAI 1202 1969 3300 526
BULK ATRA 1 8730 1987 3428 510
BULK RIGA SAILOR 14204 1975 5526 505
BULK DEYCAN 15202 1977 4714 510
BULK KYBELE 16114 1976 4660 520
BULK NOBLESSE 20692 1979 5185 512
BULK HENG SHUN MEN 25075 1981 5747 517
BULK SALEMA S 25826 1981 7697 529
BULK DON LEANDRO 26933 1975 6559 352 Asis Chile
BULK POWSTANIEC STYCZNIOWY
33780 1986 8410 520
BULK MENTOR 34947 1983 7750 522
BULK JI QING MEN 37635 1984 10300 514
BULK ST ANNA 52670 1986 13330 548
BULK ALBA 64711 1983 11234 529
BULK HUA JIN YUAN 72539 1976 11934 524
BULK HISTRIA DIAMOND 84914 1989 21103 530
BULK DIAS 134964 1988 20928 530
BULK EVER BRIGHT 148982 1987 24515 535
BULK V AUSTRALIA 166058 1984 27851 515 Asis Spore
COMBO KINGSWAY 76324 1985 17458 510
REEF LAURA 9464 1983 6201 510
REEF AUCKLAND STAR 11434 1985 6020 * Enbloc Bss▼
REEF ENGLISH STAR 11434 1986 6100 510 Asis Fujairah. Price Each
RORO ATLANTIC LEADER 19036 1985 8920 547
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13
Bangladesh
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK BANGMUNNAK 7140 1975 2216 505
BULK MARGARITA M 27307 1977 6500 524
BULK GLORY I 30910 1981 6800 505 Under Tow
BULK RIVA 132016 1981 17661 520
BULK V EUROPE 139496 1982 19204 525
BULK GOLDEN HUAXI 145905 1985 20124 520
COMBO HEBEI RAINBOW 82513 1983 14950 540
COMBO RUHR N 305836 1987 42687 525
TANK COASTAL VENUS 95844 1991 14536 525 Asis Spore Incl 300 T IFO
TANK MAYON SPIRIT 98507 1992 16956 515 Asis Spore
TANK TINOS 260039 1988 33629 540
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK FU JIN 11998 1974 6750 460
BULK WIN EXPRESS 27606 1977 6145 445
BULK KADMOS 38913 1983 10456 498 Asis Lianyungang Incl 500 T IFO RoB
BULK IBAD 41513 1982 8276 458
BULK HEROIC 41538 1982 8792 460
BULK XIN YU 63987 1977 12131 456
BULK LONG SON 63990 1981 12259 462
BULK XIN FENG 65785 1981 11396 458
BULK EAST SUNRISE 8 69737 1981 12434 455
GAS BEKULAN 51579 1973 20000 450
TANK KOREA SUNNYHILL 30264 1976 7861 472
TANK SUNHILL 38653 1986 10172 465
TANK SHEN NON II 152856 1991 25545 480
TANK CARIBIC 17079 1988 6201 590
TANK ARTEMIS 28750 1984 9634 535
TANK ESTRECHO DE MAGALLANES
68000 1991 15991 445 Asis Quitero, Chile
TWEEN BIPASHA 15037 1971 3811 547
TWEEN UNION CARRIE 16251 1978 5185 530
TWEEN CHANG LE MEN 17240 1982 5100 514
TWEEN RICKMERS DOHA 23220 1979 8139 540
TWEEN ZHONG YANG MEN 24815 1977 7812 514
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14
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK RANA 24715 1979 5436 510
BULK PAGANE 54158 1982 14620 505
BULK JEWEL I 65403 1983 11298 515
RORO ANFAL 4580 1975 3030 480
TANK OURANOS 67980 1983 16500 520
TANK SKIPJACK 83962 1988 14898 542 Asis Fujairah With 400 T RoB
TANK IRON MONGER 3 98624 1990 16483 546
TANK TITAN CHIOS 239783 1986 30637 520
Turkey
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK VASSILIKI 4415 1979 1704 320
Other
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK ALAKNANDA 47221 1986 10173 470 Asis Kakinada
TANK S/R WILMINGTON 48846 1984 14537 378 Asis Texas
TANK 18 DE MARZO 56746 1977 185 Asis Vera Cruz, Mexico
TANK TAKAMA 266286 1987 32309 520 Enbloc Bss▼
TANK BW ARA 290085 1982 40900 520 Asis Malaysia. Price Each
TWEEN NORD GAIN 12720 1982 6050 477 Asis Haldia Region
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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 0.6269 0.8692 0.008383 0.7124 0.6411 0.6341
CAD 1.5957 1 1.3868 0.013375 1.1366 1.0228 1.0117
EUR 1.1507 0.7213 1 0.009645 0.8197 0.7376 0.7295
JPY 119.32 74.7944 103.699 1 84.9934 76.4818 75.6462
CHF 1.4042 0.8803 1.2204 0.011771 1 0.9001 0.8903
USD 1.5601 0.9779 1.3559 0.013077 1.1113 1 0.9891
AUD 1.5776 0.9889 1.3711 0.013223 1.1238 1.0112 1 * 28/09/11 values
70
75
80
85
90
95
100
105
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
01/09/10 01/11/10 01/01/11 01/03/11 01/05/11 01/07/11 01/09/11
USD
-JP
Y
USD
-EU
R
Currencies USD-EURO
USD-JPY
0
20
40
60
80
100
120
140
01/09/10 01/11/10 01/01/11 01/03/11 01/05/11 01/07/11 01/09/11
$/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 0.80 0.82 -2.4 4.99 0.53
Capital Product Partners
CPLP 6.32 6.80 -7.1 11.39 4.85
Diana Shipping DSX 8.11 8.76 -7.4 14.23 7.42
Dryships DRYS 2.64 3.09 -14.6 6.44 2.19
Eagle Bulk EGLE 1.83 1.97 -7.1 5.75 1.62
Euroseas ESEA 3.02 3.74 -19.3 5.28 2.85
Excel Martime EXM 2.32 1.82 27.5 6.63 1.63
Freeseas FREE 0.90 1.18 -24 5.35 0.82
Genco Shipping &Trading
GNK 7.96 6.21 28.2 18.08 4.15
General Maritime GMR 0.33 0.40 -17.5 4.98 0.23
Goldenport GPRT 72.00 74.40 -3.2 132.00 69.00
Navios NM 3.51 3.70 -5.1 6.29 2.88
Omega Navigation ONAV
Paragon PRGN 0.91 1.26 -27.8 4.04 0.87
Safe Bulkers SB 6.58 7.18 -8.4 9.78 6.10
Star Bulk SBLK 1.33 1.41 -5.7 3.23 1.00
Stealthgas GASS 4.05 4.19 -3.3 8.80 3.40
TEN TNP 5.89 6.32 -6.8 13.87 5.50
TOP Ships TOPSD 1.32 2.17 -39.2 11.60 1.30
* 28/09/11 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.