Baltic Dry Indices*

Monday, January 7, 2013 - Week 2 Last Fridays Closing Weekly Difference

The Week at a Glance Baltic Dry Index 706 7

'New Year, new hopes, new routes' Baltic Cape index 1285 50

Baltic Panamax Index 670 -29

2013 is here, bringing new hopes to our beloved maritime
Baltic Supramax
industry. We all know it won't be an easy year though, as Index
739 11

Greeks use to say; "the good captain shows his skills in Baltic HandySize
446 -1
rough seas". Index

In oil news, deep winter and stronger economic growth

may boost fuel demand, according to a Bloomberg Newbuilding Prices
survey. The unemployment rate in US held at 7,8%, the 9/2012 10/2012 11/2012 12/2012

lowest since December 2008.

VLCC 300,000 $92 $92 $92 $92

In financial news now, the top bankers decided to lose SUEZMAX 150,000 $58 $58 $58 $58
the liquidity measures posed by Basel in order to assist
AFRAMAX 113,000 $48 $48 $48 $48
also the commercial banks to boost loans for the
recovery of the recessed economies. PANAMAX 72,000 $41 $41 $41 $41

PRODUCT 47,000 $33 $33 $33 $33

CAPESIZE 175,000 $47 $47 $47 $47

Greek Listed Companies
KAMSARMAX 81,000 $29 $29 $28 $28
Last Fridays Closing Weekly Difference

SUPRAMAX 50,000 $25 $25 $25 $25

NYSE 8667,68 224,53
HANDYSIZE XS
$21 $21 $21 $21
28,000
NASDAQ 3101,66 141,35

Dry Ships 2,17 0,59 Brent Prices

Navios 3,75 0,45

Excel 0,609 0,1891

Diana 8,37 1,17

Top Ships 1,05 0,11

TEN 4,07 0,45

Currencies*
Last Fridays Closing Weekly Difference
Stealth Gas 8,27 0,46

Capital Product EURO/USD 1,30684 -0,01

7,18 0,85
Partners
USD/JPY 88,165 2,18
Euroseas 0,999 0,139
USD/CNY 6,2316 -0,009
Danaos 2,98 0,39
*The above tables show last Friday's closing including the
weekly balance.
Costamare 14,7 1,04

ISO Certified by Germanischer Lloyd Copyright by Allied Shipbroking Inc

 48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

Secondhand Sales

Dry Sector

SIZE INDEX W-O-W CHANGE AVG T/C RATES W-O-W CHANGE TREND

BDI 706 6

CAPESIZE 1285 57 5.249 435 STRONGER

PANAMAX 670 40 5.300 322 WEAKER

SUPRAMAX 739 7 7.728 74 STRONGER

HANDYSIZE 446 0 6.619 32 STRONGER

Bulk Carrier
Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment

PRABHU JIVESH 50992 2002 JAPAN - 4 X 30t CRANES MAN-B&W 14.100.000 USD SOLD TO UNDISCLOSED BUYERS
SOLD EN BLOC WITH "GOOD
PRECEDENT" TO THAILAND BASED
GOOD PRIDE 53840 2010 INDIA - 4 X 36t CRANES Wartsila 13.250.000 USD
BUYERS (PRECIOUS SHIPPING) -
RGN USD 27.500.000 EN BLOC
SOLD EN BLOC WITH "GOOD PRIDE"
GOOD TO THAILAND BASED BUYERS
53840 2011 INDIA - 4 X 36t CRANES Wartsila 14.250.000 USD
PRECEDENT (PRECIOUS SHIPPING) - RGN USD
27.500.000 EN BLOC
SOLD EN BLOC WITH "CHRISTINE
HARMONY STAR 56854 2011 CHINA - 4 X 30t CRANES MAN-B&W 17.000.000 USD STAR" TO UNDISCLOSED BUYERS -
RGN USD 34.000.000 EN BLOC
SOLD EN BLOC WITH "HARMONY
CHRISTINE
56854 2011 CHINA - 4 X 30t CRANES MAN-B&W 17.000.000 USD STAR" TO UNDISCLOSED BUYERS -
STAR
RGN USD 34.000.000 EN BLOC
CEMTEX SOLD TO GREEK BUYERS BASIS
71663 1998 JAPAN - - B&W 8.200.000 USD
RENAISSANCE SS/DD DUE
KRONOS 73301 1996 SOUTH KOREA - - B&W 7.000.000 USD SOLD TO GREEK BUYERS
DIAMOND
76741 2006 JAPAN - - MAN-B&W 17.500.000 USD SOLD TO UNDISCLOSED BUYERS
STREAM
SOLD EN BLOC WITH
HULL"XSI482B" TO NORWEGIAN
XIAMEN XSI482A 82000 2012 CHINA - - MAN-B&W 22.500.000 USD
BUYERS (FREDRIKSEN) - RGN USD
45.000.000 EN BLOC
SOLD EN BLOC WITH
HULL"XSI482A" TO NORWEGIAN
XIAMEN XSI482B 82000 2012 CHINA - - MAN-B&W 22.500.000 USD
BUYERS (FREDRIKSEN) - RGN USD
45.000.000 EN BLOC
SOLD EN BLOC WITH "HULL 2411",
HYUNDAI "HULL S551" AND "HULL "2410" TO
263000 2012 SOUTH KOREA - - Wartsila 53.500.000 USD
SAMHO S550 "BERGE BULK" - RGN USD
214.000.000 EN BLOC
SOLD EN BLOC WITH "HULL 2411",
HYUNDAI "HULL S550" AND "HULL "2410" TO
263000 2012 SOUTH KOREA - - Wartsila 53.500.000 USD
SAMHO S551 "BERGE BULK" - RGN USD
214.000.000 EN BLOC
SOLD EN BLOC WITH "HULL 2411",
HYUNDAI "HULL S550" AND "HULL "S551" TO
263000 2012 SOUTH KOREA - 6 X 30t CRANES Wartsila 53.500.000 USD
ULSAN 2410 "BERGE BULK" - RGN USD
214.000.000 EN BLOC
SOLD EN BLOC WITH "HULL S550",
HYUNDAI "HULLS551" AND "HULL "2410" TO
263000 2012 SOUTH KOREA - 6 X 30t CRANES Wartsila 53.500.000 USD
ULSAN 2411 "BERGE BULK" - RGN USD
214.000.000 EN BLOC

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person 2
relying on the information contained herein.
 48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

Wet Sector
SIZE INDEX W-O-W CHANGE

BDTI 689 89

BCTI 700 69

SIZE AVG SPOT EARNINGS W-O-W CHANGE AVG T/C RATES BSS 1 YR TREND

VLCC $ 21,860.00 6% 21.000 FIRM

SUEZMAX $ 19,668.00 12% 17.000 FIRM

AFRAMAX $ 14,342.00 20% 14.000 FIRM

CLEAN MR $ 11,305.00 7% 13.500 FIRM

Tanker
Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment
CLIPPER
TRINIDAD
8823 1998 JAPAN Y Y B&W 5.000.000 USD SOLD TO FAR EASTERN BUYERS
(St.Steel,
IMOII/III)
LOTUS
EXPRESS 45789 2003 JAPAN Y Y B&W 15.500.000 USD SOLD TO GREEK BUYERS
(Epoxy Coated)
FREJA DANIA SOLD TO "TUFTON OCEANIC" ON
53755 2007 JAPAN Y Y Mitsubishi 20.500.000 USD
(Coated) SUBJECTS
SOLD EN BLOC WITH "BRITISH
LAUREL" BY THEIR MORTGAGEES
BRITISH
106500 2003 JAPAN Y Y B&W 15.000.000 USD TO GREEK BUYERS BASIS SS/DD
HAWTHORN
FRESHLY PASSED- RGN USD
30.000.000 EN BLOC
SOLD EN BLOC WITH "BRITISH
HAWTHORN" BY THEIR
BRITISH
106500 2002 JAPAN Y Y B&W 15.000.000 USD MORTGAGEES TO GREEK BUYERS
LAUREL
BASIS SS/DD FRESHLY PASSED-
RGN USD 30.000.000 EN BLOC
UNIVERSAL
299700 1993 DENMARK Y Y Mitsubishi 21.000.000 USD SOLD TO UNDISCLOSED BUYERS
HOPE

Gas tanker
Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment
SOLD EN BLOC WITH "CORAL
CORAL MAYA" TO ITALIAN BUYERS (LUMA
3090 2003 ITALY Y N Yanmar 10.000.000 USD
ELECTRA SHIP) - RGN USD 20.000.000 EN
BLOC
SOLD EN BLOC WITH "CORAL
ELECTRA" TO ITALIAN BUYERS
CORAL MAYA 3090 2004 ITALY Y Y Yanmar 10.000.000 USD
(LUMA SHIP) - RGN USD 20.000.000
EN BLOC
SOLD TO S.KOREAN BUYERS
OCEANUS 09 3714 1989 JAPAN Y N Mitsubishi 2.800.000 USD
(YONGSAN SHIPPING)

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person 3
relying on the information contained herein.
 0
500
1.000
1.500
2.000
2.500
3.000
3.500
0
2.000
4.000
6.000
8.000
0
2.000
4.000
6.000
8.000
0
2.000
4.000
6.000
8.000

10.000
10.000
12.000
14.000
16.000
18.000
10.000
01\01\03 01/01/85

Year

2013
2012
2011
2010
2009
2008
01\07\00 01\07\00
01\04\03 01/07/85
01\10\00 01\10\00
01/01/86
01\07\03 01\01\01 01\01\01 01/07/86
01\10\03 01\04\01 01\04\01 01/01/87

706
01\07\01 01\07\01 01/07/87

1738
2173
4209
4661
01\01\04

11793
BDI Max
01\10\01 01\10\01 01/01/88
01\04\04
01\01\02 01\01\02 01/07/88
01\07\04 01/01/89
01\04\02 01\04\02
01\10\04 01/07/89
01\07\02 01\07\02

701
919
1549
2749
2612
6445
01/01/90
BDI Avg

01\01\05 01\10\02 01\10\02

01/07/90
01\01\03 01\01\03
01\04\05 01/01/91
01\04\03 01\04\03 01/07/91
01\07\05
01\07\03 01\07\03 01/01/92

698
647
772
663

1043
1700

01\10\05 01\10\03 01\10\03 01/07/92

BDI Min

01\01\06 01\01\04 01\01\04 01/01/93

01\04\06 01\04\04 01\04\04 01/07/93
01\07\04 01\07\04 01/01/94
01\07\06
01/07/94
01\10\04 01\10\04
1285
3287
3725
5455
8243
19687

01\10\06
BCI Max

01/01/95
01\01\05 01\01\05
01/07/95
01\01\07 01\04\05 01\04\05
01/01/96
01\04\07 01\07\05 01\07\05
01/07/96
01\07\07 01\10\05 01\10\05 01/01/97
1253
1569
2246
3469
4142
9444
BCI Avg

01\01\06 01\01\06 01/07/97

01\10\07
01\04\06 01\04\06 01/01/98
01\01\08
01\07\06 01\07\06 01/07/98
01\04\08 01\10\06 01\10\06 01/01/99
830

1235
1082
1281
1640
1361

01/07/99
01\07\08 01\01\07 01\01\07
Baltic Dry Index
BCI Min

01/01/00

Baltic Panamax Index

01\04\07 01\04\07

Baltic CapeSize Index

01\10\08 01/07/00
01\07\07 01\07\07
01\01\09 01/01/01

Baltic Supramax - HandySize Index

01\10\07 01\10\07
01\04\09 01/07/01
699
1738
2132
4622
4453

01\01\08 01\01\08
11425

01/01/02
BPI Max

relying on the information contained herein.

01\07\09 01\04\08 01\04\08 01/07/02
Baltic Dry Indices

01\10\09 01\07\08 01\07\08 01/01/03

01\10\08 01\10\08 01/07/03
01\01\10
01/01/04
682
962

01\01\09 01\01\09
48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece

1742
3104
2413
6141

01\04\10
BPI Avg

01\04\09 01\04\09 01/07/04

01\07\10 01/01/05
01\07\09 01\07\09
01/07/05
01\10\10 01\10\09 01\10\09
01/01/06
01\01\11 01\01\10 01\01\10
670
418
492
440

01/07/06
1296
1845
BPI Min

01\04\11 01\04\10 01\04\10

01/01/07
01\07\10 01\07\10 01/07/07
01\07\11
01\10\10 01\10\10 01/01/08
01\10\11 01\01\11 01\01\11 01/07/08
739
1300
1612
3111
2487
6743

01\01\12 01\04\11 01\04\11 01/01/09

BSI Max

01\07\11 01\07\11 01/07/09

01\04\12
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

01\10\11 01\10\11 01/01/10

01\07\12
01/07/10
01\01\12 01\01\12
01\10\12 01/01/11
736
904

01\04\12 01\04\12
1374
2143
1665
4009

01/07/11
BSI Avg

01\01\13 01\07\12 01\07\12

01/01/12
01\04\13 01\10\12 01\10\12 01/07/12

0
01\01\13 01\01\13 01/01/13

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person
1.000
2.000
3.000
4.000
5.000
6.000
7.000
01\04\13 01\04\13 01/07/13
728
600
389
421

1086
1369
BSI Min

4
 48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

Secondhand Sales Statistics

Current Secondhand Activity per Sector/ Size/ Invested Capital Secondhand Activity per Sector/ Size/ Invested Capital
During 2013 ...during 2011

No of
No of Sector DWT Invested Capital
Sector Size DWT Invested Capital Vessels
Vessels
A. Dry Sector 517 23.290.917 $6.537.341.000
A. Dry Sector B. Tanker Sector 376 25.712.454 $7.697.430.000
1. Minibulk C. Container Sector 92 3.375.171 $2.178.410.000
(up to 9,999 0 0 0
dwt) D. Reefer Sector 17 131.326 $35.026.000
2. Handy E. RoRo Cargo/ Ferry/
(10,000 - 39,999 1 24.132 $5.150.000 39 201.570 $195.350.490
Passenger Sector
dwt)
F. Miscellaneous Sector 42 459.070 $319.050.000
3. Handymax
(40,000 - 59,999 5 272.380 $75.600.000 Grand Total 1.083 53.170.508 $16.962.607.490
dwt)
4. Panamax
(60,000 - 79,999 5 385.705 $77.700.000 ...during 2012
dwt) No of
Sector DWT Invested Capital
5. Capesize Vessels
4 1.052.000 $214.000.000
(80,000+ dwt) A. Dry Sector 518 30.850.264 $5.568.115.000
A. Dry Sector B. Tanker Sector 394 20.213.347 $5.047.050.000
15 1.734.217 $372.450.000
Total
C. Container Sector 142 3.345.069 $1.050.520.000

D. Reefer Sector 7 55.822 $49.950.000

E. RoRo Cargo/ Ferry/
B. Tanker 40 340.525 $85.375.000
Passenger Sector
Sector
F. Miscellaneous Sector 1 2.100 $0
1. Minitank
(up to 9,999 5 25.580 $27.800.000 Grand Total 1.102 54.807.127 $11.801.010.000
dwt)
2. Product
(10,000 - 59,999 2 99.544 $36.000.000
dwt)
3. Panamax
(60,000 - 79,999 0 0 0
dwt) Bulk Carriers Sales Per Sector during
4. Aframax 2013
(80,000 - 2 213.000 $60.000.000
119,999 dwt)
5. Suezmax 27 % CAPESIZE 33 % PANAMAX 33 % HANDYMAX
(120,000 - 0 0 0 7 % HANDY 0 % MINIBULK
199,999 dwt)
6. VLCC
(200,000 - 1 299.700 $21.000.000
299,999 dwt)
7. ULCC
0 0 0
(300,000+ dwt)

B. Tanker
10 637.824 $144.800.000
Sector total

C. Container
0 0 0
Sector Total

Tankers Sales Per Sector during

D. Reefer
0 0 0
2013
Sector Total
0 % ULCC 10 % VLCC 0 % SUEZMAX 20 % AFRAMAX
0 % PANAMAX 20 % PRODUCT 50 % MINITANK

E. RoRo
Cargo/ Ferry/
0 0 0
Passenger
Sector Total

F.
Miscellaneou
0 0 0
s Sector
Total

Grand Total 25 2.372.041 $517.250.000

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person 5
relying on the information contained herein.
 48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

Invested Capital in Secondhand Graph - Invested Capital in Secondhand Vessels per month as of January 2012
Vessels per month as of January 2012
Invested Capital Per Month
1.450.000.000
Year Month Invested Capital 1.400.000.000
1.350.000.000 140
2012 1.300.000.000
1.250.000.000 130
January-2012 $863.660.000
1.200.000.000
February- 1.150.000.000
120
$573.675.000
2012 1.100.000.000
110
March-2012 $1.135.355.000 1.050.000.000
1.000.000.000
100
April-2012 $1.062.350.000 950.000.000
900.000.000
May-2012 $1.194.730.000 90
850.000.000

Invested Capital

No of Vesels
June-2012 $902.775.000 800.000.000
80
750.000.000
July-2012 $804.560.000 700.000.000 70
650.000.000
August-2012 $1.054.675.000 600.000.000 60
September- 550.000.000
$923.935.000 500.000.000
2012 50
450.000.000
October-2012 $987.840.000 400.000.000 40
November- 350.000.000
$1.402.055.000
2012 300.000.000 30
December- 250.000.000
$895.400.000 200.000.000 20
2012
150.000.000
2012
$11.801.010.000 100.000.000 10
Total 50.000.000
2013 0 0
01/2012

02/2012

03/2012

04/2012

05/2012

06/2012

07/2012

08/2012

09/2012

10/2012

11/2012

12/2012

01/2013
January-2013 $517.250.000
2013
$517.250.000 Months
Total
Total Capital No Of V essels
Dry Sector - Buyers' Nationality
0 % OTHER
0 % CHINA PEOPLE'S REPUBLIC OF
0 % FAR EAST
Buyers Nationality during 2013 - Top 10
0 % KOREA SOUTH
0 % UNITED KINGDOM
(No of vessels per sector)
0 % ITALY
13 % THAILAND
13 % NORWAY
27 % SINGAPORE B. Tanker C. Container D. Reefer
13 % GREECE
Buyer's Country A. Dry Sector Grand Total
Sector Sector Sector
33 % UNKNOWN
UNKNOWN 5 2 0 0 7
GREECE 2 2 0 0 4
SINGAPORE 4 0 0 0 4
NORWAY 2 0 0 0 2
THAILAND 2 0 0 0 2
ITALY 0 2 0 0 2

Wet Sector - Buyers' Nationality UNITED KINGDOM 0 1 0 0 1

KOREA, SOUTH 0 1 0 0 1
0 % OTHER
10 % CHINA PEOPLE'S REPUBLIC OF FAR EAST 0 1 0 0 1
10 % FAR EAST CHINA, PEOPLE'S
10 % KOREA SOUTH 0 1 0 0 1
10 % UNITED KINGDOM REPUBLIC OF
20 % ITALY Other 0 0 0 0 0
0 % THAILAND
0 % NORWAY Grand Total 15 10 0 0 25
0 % SINGAPORE
20 % GREECE
20 % UNKNOWN

Buyers Nationality during 2013 - Top 10

(Invested Capital per sector)
B. Tanker C. Container D. Reefer
Buyer's Country A. Dry Sector Grand Total
Sector Sector Sector
SINGAPORE 214.000.000 0 0 0 214.000.000
Container Sector - Buyers' Nationality UNKNOWN 70.750.000 51.000.000 0 0 121.750.000

100 % OTHER
GREECE 15.200.000 45.500.000 0 0 60.700.000
100 % CHINA PEOPLE'S REPUBLIC OF NORWAY 45.000.000 0 0 0 45.000.000
100 % FAR EAST
100 % KOREA SOUTH
100 % UNITED KINGDOM
THAILAND 27.500.000 0 0 0 27.500.000
100 % ITALY
100 % THAILAND
UNITED KINGDOM 0 20.500.000 0 0 20.500.000
100 % NORWAY
100 % SINGAPORE ITALY 0 20.000.000 0 0 20.000.000
100 % GREECE
100 % UNKNOWN FAR EAST 0 5.000.000 0 0 5.000.000
KOREA, SOUTH 0 2.800.000 0 0 2.800.000
Other 0 0 0 0 0
Grand Total 372.450.000 144.800.000 0 0 517.250.000

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person 6
relying on the information contained herein.
 48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

New Building Orders

Bulk Carriers

Type Units Dwt Shipyard Reported Price Owner / Manager Delivery Date

BULK 2 61,000 NANTONG COSCO KHI - JIANGSU OCEAN SHPG. 2014

BULK 2 180,000 SHANGHAI WAIGAOQIAO - THENAMARIS 2014

Tankers

Type Units Dwt Shipyard Reported Price Owner / Manager Delivery Date
10 (+6
TANKER OPTIONS) 110,000 STX S.B. - BP SHIPPING 2014/2015
3 (+ 2
TANKER OPTIONS) 160,000 STX S.B. - BP SHIPPING 2015

Other Wet

Type Units Dwt / Unit Shipyard Reported Price Owner / Manager Delivery Date
84,000 /
L.N.G 1 184,800 HYUNDAI H.I. - BRUNEI GAS CARRIERS 2015
95,000 /
L.N.G 4 174,000 HYUNDAI SAMHO USD 210.000.000 MARAN GAS MARITIME 2015

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person 7
relying on the information contained herein.
 48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

Demolition Sales
Type Vessel's Name DWT Built Country LDT Price/ ldt Sale's Comment

GEN. CARGO PRINCESS LILY 7105 1972 SOUTH AFRICA 2730 - SOLD TO INDIA ON PRIVATE TERMS

CONTAINER CS GITTE 10345 1990 NETHERLANDS 4050 - SOLD TO INDIA ON PRIVATE TERMS

CONTAINER CAPE SPEAR 13623 1997 POLAND 5822 - SOLD TO TURKEY ON PRIVATE TERMS

RO-RO CARGO SEIJIN 15397 1985 JAPAN 12203 - SOLD TO INDIA ON PRIVATE TERMS

BC ZHONG CHANG 28 18411 1985 CHINA - - SOLD TO CHINA ON PRIVATE TERMS

BC SUNRISE 89 21351 1981 JAPAN 5111 405 SOLD TO INDIA

SOLD TO UNDISCLOSED BREAKERS ON "AS IS
CONTAINER PROVIDENCE 22420 1995 POLAND 8980 -
SINGAPORE" BASIS ON PRIVATE TERMS
CONTAINER MARE IBERCUM 22494 1994 POLAND 7381 448 SOLD TO INDIA

BC CASSINI 23050 1980 JAPAN 5561 380 SOLD TO INDIA

BC DEAL CASTLE 26320 1983 JAPAN 7318 - SOLD TO INDIA ON PRIVATE TERMS

BC BAO QING MEN 29331 1983 KOREA, SOUTH 7600 - SOLD TO INDIA ON PRIVATE TERMS

BC HERON 37692 1984 JAPAN 7324 415 SOLD TO BANGLADESH

BC LEROS 42083 1985 JAPAN 8412 320 SOLD TO TURKEY

CONTAINER ALEXANDER 47425 1992 JAPAN 17438 473 SOLD TO INDIA

BC TURNBERRY GLORY 68308 1987 JAPAN 10363 430 SOLD TO CHINA INCLUDING 950 TNS BUNKERS

BC LEONIDAS WARRIOR 183316 1987 JAPAN 7324 432 SOLD O BANGLADESH

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person 8
relying on the information contained herein.
 48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

Demolition Statistics For 2013

Current Demolition Activity per Sector/ Size

2012 2013

Sector Size No Of Vessels DWT No Of Vessels DWT

A. Dry Sector
1. Minibulk
69 456.105 1 7.105
(up to 9,999 dwt)
2. Handy
324 8.511.954 7 188.586
(10,000 - 39,999 dwt)
3. Handymax
102 4.630.781 1 42.083
(40,000 - 59,999 dwt)
4. Panamax
117 7.880.471 1 68.308
(60,000 - 79,999 dwt)
5. Capesize
89 14.226.602 1 183.316
(80,000+ dwt)
A. Dry Sector Total 701 35.705.913 11 489.398

B. Tanker Sector
1. Minitank
26 152.370 0 0
(up to 9,999 dwt)
2. Product
62 2.033.749 0 0
(10,000 - 59,999 dwt)
3. Panamax
7 473.380 0 0
(60,000 - 79,999 dwt)
4. Aframax
39 3.714.797 0 0
(80,000 - 119,999 dwt)
5. Suezmax
22 3.239.167 0 0
(120,000 - 199,999 dwt)
6. VLCC
12 3.209.269 0 0
(200,000 - 299,999 dwt)
7. ULCC
3 918.638 0 0
(300,000+ dwt)
B. Tanker Sector Total 171 13.741.370 0 0

C. Container Sector Total 159 4.739.151 6 163.580

D. Reefer Sector Total 60 524.714 0 0

E. RoRo Cargo/ Ferry/

60 447.861 1 15.397
Passenger Sector Total

F. Miscellaneous Sector Total 37 1.346.571 0 0

Grand Total 1.188 56.505.580 18 668.375

Please Note that dry trading combination carriers are included in the dry sector and wet trading ones in the tanker sector.

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person 9
relying on the information contained herein.
 48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

Demolition Activity by Country Vessels' Average Age For Demolition

2012 2013 Sector 2012 2011 2010
No of No of
Country DWT DWT
Vessels Vessels A. Dry Sector 28,2 30,7 31,5
BANGLADESH 209 13.776.029 3 253.439
CHINA, PEOPLE'S B. Tanker Sector 24,6 27 26,4
120 7.442.695 2 86.719
REPUBLIC OF
DOMINICAN REPUBLIC 1 1.465 0 0 C. Container Sector 23,3 29,6 27

INDIA 455 17.770.411 10 250.091 D. Reefer Sector 26,5 26,3 29,3

PAKISTAN 93 8.959.193 0 0
E. RoRo Cargo/ Ferry/
34,9 32 31,5
TURKEY 40 583.673 2 55.706 Passenger Sector

U.A.E. (DUBAI) 1 55.289 0 0 F. Miscellaneous Sector 33,4 34 33,7

UNKNOWN 268 7.901.725 1 22.420

VIETNAM 1 15.100 0 0
Grand Total 1.188 56.505.580 18 668.375
Demolition of BCs by percentage for 2012

Demolition Activity By DWT

10 % Minibulk 46 % Handy 15 % Handymax 17 % Panamax
13 % Capesize

Demolition Per Month

7.000.000
145
140
6.500.000 135
130
6.000.000 125
120
5.500.000 115
110
5.000.000 105
100
4.500.000 95
90

4.000.000 85
no of vess els

80
dwt

3.500.000 75
70
65
3.000.000
60
55
2.500.000
50

2.000.000
45
40
Demolition of Tankers by percentage for 2012
35
1.500.000 30
25
1.000.000 20
15 % Minitank 36 % Product 4 % Panamax 23 % Aframax
15
500.000 10
13 % Suezmax 7 % VLCC 2 % ULCC
5
0 0
01/2012

02/2012

03/2012

04/2012

05/2012

06/2012

07/2012

08/2012

09/2012

10/2012

11/2012

12/2012

01/2013

Months

Sum of DWT No of V ess els

Demolition activity since 2002

No of Dry DWT of Dry No of DWT of No of

Year DWT
Vessels Vessels Tankers Tankers Vessels
2002 269 8.667.582 190 18.013.186 545 28.545.006

2003 219 5.732.642 232 18.395.563 550 25.181.350

2004 79 1.518.916 173 8.551.039 338 10.471.421

2005 38 1.155.508 100 4.259.393 182 5.539.311

2006 116 2.813.880 111 3.520.432 302 6.957.521

2007 46 623.850 127 4.065.141 229 5.143.327

2008 123 5.314.132 121 5.635.243 360 12.935.653

2009 404 12.402.306 160 9.180.356 887 28.668.363

2010 260 7.426.792 280 14.782.162 790 25.856.282

2011 565 25.301.813 167 10.361.911 924 37.911.777

2012 701 35.705.913 171 13.741.370 1188 56.505.580

2013 11 489.398 0 0 18 668.375

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person 10
relying on the information contained herein.
 48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

Contact Details

GEORGE A ERA KIS ILIA S BOLIS

A OH: + 30 - 210 – 60 35 259 A OH: + 30 - 210 - 80 25 439

MOBILE: + 30 – 6946 – 04 57 37 MOBILE: + 30 - 6937 - 02 65 00

GEORGE DA SKA LA KIS STA VROS DRA KOGIA NNOPOULOS

A OH: + 30-21 0-62 29 1 24 A OH: + 30-21 0-60 1 1 438

MOBILE: + 30-6932-24 80 07 MOBILE: + 30-6932 - 20 1 5 65

SA KIS DRA KOGIA NNOPOULOS NA SSOS HA TZIGEORGIOU

A OH: + 30 – 2299 0 63 237 A OH: + 30 - 210 - 93 1 6 353

MOBILE: + 30 - 6944 - 88 58 08 MOBILE: + 30 - 6944 - 73 33 93

COSTA S KA RA DIMA S JOHN KOSTOYA NNIS

A OH: + 30 - 210 - 62 1 1 906 A OH: + 30 - 210 - 81 31 1 94

MOBILE: + 30 - 6932 - 20 1 5 64 MOBILE: + 30 - 6932 - 43 39 99

THEODO ROS MOISSOGLOU THA SSOS PA POUIS

A OH: + 30 - 210 - 96 1 9 807 A OH: + 30 - 210 – 62 31 392
MOBILE: + 30 - 6932 - 45 52 41 MOBILE: + 30 – 6944 – 29 49 89

TA SSOS PROSSIOS
JOHN STA SSINA KIS
A OH: + 30 - 210 – 89 46 692
A OH: + 30 – 21 1 – 400 1 6 51
MOBILE: + 30 – 6942 – 06 78 32
MOBILE: + 30 6972 – 60 92 09

EVA GELOS TOBA LOG LOU COSTIS TSA LPA TOUROS

A OH: + 30 - 210 - 43 25 1 85 A OH: + 30 - 210 - 96 1 9 278
MOBILE: + 30 - 6932 - 40 56 20 MOBILE: + 30 - 6932 - 20 1 5 63

PLUTON VA RVA ROS

A OH: + 30 - 210 – 45 1 1 331

MOBILE: + 30 - 6937 – 25 15 1 5

A LLIED SHIPBROKING INC.

48, Aigialeias Street, 4th Floor,
Maroussi 151 25, Greece
Tel: + 30 210 45 24 500
Fax: + 30 210 45 25 017/ 019
E-mail: snp@allied-shipbroking.gr

A LLIED CHA RTERING S.A .

48, Aigialeias Street, 4th Floor,
Maroussi 151 25, Greece
Tel : + 30 210 42 88 100
Fax: + 30 210 45 24 201
dry cargo@allied-chartering.gr
E-mails:
tanker@allied-chartering.gr
Visit us @ www.allied-shipbroking.gr

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person 11
relying on the information contained herein.
 48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece
Tel: +30 210 4524500, Fax: +30 210 4525017/ 19, e-mail: snp@allied-shipbroking.gr, www.allied-shipbroking.gr

LEGAL DISCLA IMER

-----------------------------------------

This report has been produced on information collected from various sources and whilst every care has been taken in its
preparation, it is presented for the sole and exclusive information of its recipients, in good faith and without any guarantee
from our part. None of the information contained in this report has been independently verified by any member of
“ALLIED SHIPBROKING INC ”. C onsequently no representation or warranty , express or implied, is made in respect of
the accuracy of the information contained herein. Neither our company nor its directors or employ ees shall be in any way
liable for any loss nor damage occurred to any party by the use of the information and/or the comments contained in this
report. Furthermore, no responsibility is accepted in respect of any errors or inaccuracies which may be contained in this
report.

Whilst every care has been taken in the preparation of this report, no liability can be accepted for any loss incurred in any way whatsoever by any person 12
relying on the information contained herein.