Baltic Dry Indices*

Monday, January 28, 2013 - Week 5 Last Fridays Closing Weekly Difference

The Week at a Glance Baltic Dry Index 798 -39

'Year of the snake?' Baltic Cape index 1520 -85

Baltic Panamax Index 718 -22

Chinese New Year is nearby and we expect the
production machine of the global economy to slow steam Baltic Supramax
Index
711 -19
for a week or so, putting everyone or most of the market Baltic HandySize
475 5
players at ease. Index

In commodities, iron ore prices rally for the past couple of

months seems to have come to an end as the Chinese Newbuilding Prices
restocking ends and the supply becomes smoother. Iron 10/2012 11/2012 12/2012 1/2013
ore experts anticipate that the commodity will be priced at
VLCC 300,000 $92 $92 $92 $92
about USD 120 per metric ton from April onwards, down
from USD 147,7 noted last week. SUEZMAX 150,000 $58 $58 $58 $58

AFRAMAX 113,000 $48 $48 $48 $48

Staying in China, crude oil domestic demand for 2013 is
expected to reach 460.000 barrels per day due to healthy PANAMAX 72,000 $41 $41 $41 $41
growth and the establishment of local refineries, which
can export oil products in the nearby region, hence PRODUCT 47,000 $33 $33 $33 $33

boosting their crude oil demand. CAPESIZE 175,000 $47 $47 $47 $47

KAMSARMAX 81,000 $29 $28 $28 $28

Greek Listed Companies
SUPRAMAX 50,000 $25 $25 $25 $25
Last Fridays Closing Weekly Difference
HANDYSIZE XS
$21 $21 $21 $21
NYSE 8904,53 111,90 28,000

NASDAQ 3149,71 15,00 Brent Prices

Dry Ships 2,13 0,00

Navios 3,74 0,04

Excel 0,47 -0,10

Diana 8,85 0,39

Top Ships 1,099 -0,02

TEN 4,22 0,14

Currencies*
Last Fridays Closing Weekly Difference
Stealth Gas 9,85 -0,05
EURO/USD 1,3462 0,01
Capital Product
7,945 -0,08
Partners USD/JPY 90,85 0,74

Euroseas 1,04 0,01

USD/CNY 6,222 0,01

Danaos 4,05 0,54

*The above tables show last Friday's closing including the
Costamare 15,33 0,09 weekly balance.

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 798 39

CAPESIZE 1520 85 7.922 1.068 WEAKER

PANAMAX 718 22 5.690 170 WEAKER

SUPRAMAX 711 19 7.436 199 WEAKER

HANDYSIZE 475 5 7.094 82 STRONGER

Bulk Carrier
Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment
HIGH USD 5.0
SCAN BULKER 27308 1995 JAPAN - 4 X 30,5t CRANES B&W SOLD TO MIDDLE EASTERN BUYERS
MILLION
SOLD TO GREEK BUYERS (BRITISH
CS SAVANNAH 28685 2000 JAPAN 0 4 X 30,5t CRANES B&W 9.000.000 USD
BULKERS)
SOLD EN BLOC WITH "CHARLOTTE
FORTUNE BULKER" TO HONG KONG BASED
32114 2008 JAPAN - 4 X 30t CRANES Mitsubishi 16.000.000 USD
AMARYLLIS BUYERS (PACIFIC BASIN) - RGN
USD 32.000.000 EN BLOC
SOLD EN BLOC WITH "FORTUNE
CHARLOTTE AMARYLLIS" TO HONG KONG
32132 2007 JAPAN - 4 X 30t CRANES Mitsubishi 16.000.000 USD
BULKER BASED BUYERS (PACIFIC BASIN) -
RGN USD 32.000.000 EN BLOC
GLOBAL GLORY 45769 1998 JAPAN - 4 X 25t CRANES B&W 7.800.000 USD SOLD TO FAR EASTERN BUYERS

BAYTUR 52261 2001 SOUTH KOREA - 4 X 25t CRANES MAN-B&W 13.600.000 USD SOLD TO INDIAN BUYERS
SOLD EN BLOC WITH "VANDA
ARANDA COLOSSUS" TO SINGAPOREAN
55814 2006 JAPAN - 4 X 30,5t CRANES MAN-B&W 16.000.000 USD
COLOSSUS BUYERS - RGN USD 32.000.000 EN
BLOC
SOLD EN BLOC WITH "ARANDA
VANDA COLOSSUS" TO SINGAPOREAN
55863 2006 JAPAN - 4 X 30,5t CRANES MAN-B&W 16.000.000 USD
COLOSSUS BUYERS - RGN USD 32.000.000 EN
BLOC
GOLDEN GLORY 70296 1996 JAPAN - - Sulzer 6.500.000 USD SOLD TO UNDISCLOSED BUYERS

ARCHON 75121 2001 JAPAN - - B&W 12.300.000 USD SOLD TO GREEK BUYERS
TORM SOLD TO GREEK BUYERS (SAFE
83685 2008 JAPAN - - MAN-B&W 19.200.000 USD
SALTHOLM BULKERS)

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

CS STAR 12184 1993 DENMARK 1139 2 X 40t CRANES MaK 2.200.000 USD SOLD TO TURKISH BUYERS

General cargo
Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment

ERRIA VIETNAM 2900 2008 VIETNAM 136 - MaK 2.700.000 USD SOLD TO NORWEGIAN BUYERS

CEC FANTASY 7147 1994 DENMARK 444 2 X 70t CRANES MaK 3.000.000 USD SOLD TO UNDUSCLOSED BUYERS
2 X 30t DERRICKS, 2
SITI KADIJA 8523 2000 JAPAN 0 Mitsubishi 2.500.000 USD SOLD TO UNDISCLOSED BUYERS
X 25t DERRICKS

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 647 17

BCTI 690 2

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

VLCC $ 5,155.00 72% 21.000 FIRM

SUEZMAX $ 9,997.00 21% 16.500 WEAKER

AFRAMAX $ 12,325.00 3% 14.000 FIRM

CLEAN MR $ 11,369.00 1% 14.000 FIRM

Tanker
Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment
EMRE-T
(Epoxy Coated, 4804 2004 TURKEY Y Y De Industrie 4.500.000 USD SOLD TO MIDDLE EASTERN BUYERS
IMO III)
VALOR
SOLD TO UNDISCLOSED BUYERS
(Epoxy Coated, 12300 1994 ITALY Y Y Sulzer -
ON PRIVATE TERMS
IMO II/III)
URSULA SOLD TO UNDISCLOSED BUYERS AT
16927 2008 CHINA Y Y MAN-B&W 6.500.000 USD
(Epoxy, IMO II) AUCTION

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

838
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

766
919
1549
2749
2612
6445
01/01/90
01\10\02 01\10\02
BDI Avg

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

698
647
772
663

01\10\05
1043
1700

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
1605
3287
3725
5455
8243
19687

01\10\06 01/01/95
BCI Max

01\01\05 01\01\05
01\01\07 01/07/95
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
1420
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\08 01\01\07 01\01\07 01/07/99

Baltic Dry Index
BCI Min

01\04\07 01\04\07 01/01/00

Baltic Panamax Index

Baltic CapeSize Index
01\10\08
01/07/00
01\07\07 01\07\07
01\01\09 01/01/01
01\10\07 01\10\07

Baltic Supramax - HandySize Index

01\04\09 01/07/01
774
1738
2132
4622
4453

01\01\08 01\01\08
11425

01/01/02
BPI Max

01\07\09

relying on the information contained herein.

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\01\10 01\10\08 01\10\08 01/07/03
01\01\09 01\01\09 01/01/04
723
962
48, Aigialeias Street, 4th Floor, Maroussi 151 25, Greece

1742
3104
2413
6141

01\04\10
01/07/04
BPI Avg

01\04\09 01\04\09
01\07\10 01/01/05
01\07\09 01\07\09
01\10\10 01/07/05
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

01\04\10 01\04\10
BPI Min

01\04\11 01/01/07
01\07\10 01\07\10
01\07\11 01/07/07
01\10\10 01\10\10 01/01/08
01\10\11
01\01\11 01\01\11 01/07/08
745

01\01\12
1300
1612
3111
2487
6743

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

BSI Max

01\04\12 01\07\11 01\07\11 01/07/09

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\01\12 01\01\12 01/07/10
01\10\12 01/01/11
01\04\12 01\04\12
733
904
1374
2143
1665
4009

01\01\13 01/07/11
BSI Avg

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
711
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 23.288.647 $6.537.341.000
A. Dry Sector B. Tanker Sector 375 25.621.075 $7.675.680.000

1. Minibulk C. Container Sector 92 3.375.341 $2.178.410.000

(up to 9,999 9 53.182 $15.200.000
dwt) D. Reefer Sector 17 131.326 $35.026.000
2. Handy E. RoRo Cargo/ Ferry/
(10,000 - 39,999 12 369.987 $109.230.000 39 201.570 $195.350.490
Passenger Sector
dwt)
F. Miscellaneous Sector 43 566.249 $340.800.000
3. Handymax
(40,000 - 59,999 16 817.275 $185.000.000 Grand Total 1.083 53.184.208 $16.962.607.490
dwt)
4. Panamax
(60,000 - 79,999 14 1.062.440 $186.200.000 ...during 2012
dwt)
5. Capesize No of
5 1.230.033 $225.800.000 Sector DWT Invested Capital
(80,000+ dwt) Vessels
A. Dry Sector A. Dry Sector 521 30.864.083 $5.571.315.000
56 3.532.917 $721.430.000
Total B. Tanker Sector 394 20.220.460 $5.047.050.000

C. Container Sector 141 3.277.720 $1.025.520.000

D. Reefer Sector 7 55.822 $49.950.000
B. Tanker
E. RoRo Cargo/ Ferry/
Sector 40 340.525 $85.375.000
Passenger Sector
1. Minitank F. Miscellaneous Sector 1 2.100 $0
(up to 9,999 13 62.484 $67.050.000
dwt) Grand Total 1.104 54.760.710 $11.779.210.000
2. Product
(10,000 - 59,999 12 406.387 $149.650.000
dwt)
3. Panamax
(60,000 - 79,999 0 0 0
dwt)
4. Aframax Bulk Carriers Sales Per Sector during
(80,000 - 8 847.331 $106.300.000 2013
119,999 dwt)
5. Suezmax
(120,000 - 1 158.000 $56.000.000 9 % CAPESIZE 25 % PANAMAX 29 % HANDYMAX
199,999 dwt) 21 % HANDY 16 % MINIBULK
6. VLCC
(200,000 - 2 573.755 $53.800.000
299,999 dwt)
7. ULCC
0 0 0
(300,000+ dwt)

B. Tanker
36 2.047.957 $432.800.000
Sector total

C. Container
6 157.646 $49.400.000
Sector Total

D. Reefer
0 0 0
Tankers Sales Per Sector during
Sector Total 2013

0 % ULCC 6 % VLCC 3 % SUEZMAX 22 % AFRAMAX

0 % PANAMAX 33 % PRODUCT 36 % MINITANK
E. RoRo
Cargo/ Ferry/
0 0 0
Passenger
Sector Total

F.
Miscellaneou
0 0 0
s Sector
Total

Grand Total 98 5.738.520 $1.203.630.000

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
1.400.000.000
Year Month Invested Capital 1.350.000.000 140
2012 1.300.000.000
1.250.000.000 130
January-2012 $863.660.000 1.200.000.000
1.150.000.000 120
February-
$573.675.000 1.100.000.000
2012 110
1.050.000.000
March-2012 $1.135.355.000 1.000.000.000
950.000.000 100
April-2012 $1.062.350.000
900.000.000
90
May-2012 $1.194.730.000 850.000.000

Invested Capital
800.000.000

No of Vesels
June-2012 $902.775.000 750.000.000
80

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
$1.377.055.000
2012 300.000.000 30
December- 250.000.000
$898.600.000 200.000.000 20
2012
150.000.000
2012
$11.779.210.000 100.000.000 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 $1.203.630.000
2013
$1.203.630.000 Months
Total
Total Capital No Of V essels
Dry Sector - Buyers' Nationality
14 % OTHER
2 % KOREA SOUTH
0 % EUROPE Buyers Nationality during 2013 - Top 10
2 % INDONESIA
5 % HONG KONG CHINA (No of vessels per sector)
5 % NORWAY
5 % CHINA PEOPLE'S REPUBLIC OF
13 % SINGAPORE
2 % MIDDLE EAST B. Tanker C. Container D. Reefer
18 % UNKNOWN Buyer's Country A. Dry Sector Grand Total
Sector Sector Sector
34 % GREECE
GREECE 19 4 3 0 26
UNKNOWN 10 7 1 0 18
MIDDLE EAST 1 8 0 0 9
SINGAPORE 7 0 0 0 7
CHINA, PEOPLE'S
3 1 0 0 4
REPUBLIC OF
NORWAY 3 0 1 0 4
Wet Sector - Buyers' Nationality HONG KONG,
3 0 0 0 3
CHINA
25 % OTHER INDONESIA 1 2 0 0 3
6 % KOREA SOUTH
8 % EUROPE EUROPE 0 3 0 0 3
6 % INDONESIA
0 % HONG KONG CHINA KOREA, SOUTH 1 2 0 0 3
0 % NORWAY
3 % CHINA PEOPLE'S REPUBLIC OF Other 8 9 1 0 18
0 % SINGAPORE
22 % MIDDLE EAST Grand Total 56 36 6 0 98
19 % UNKNOWN
11 % GREECE

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
GREECE 207.450.000 66.600.000 29.800.000 0 303.850.000
Container Sector - Buyers' Nationality
SINGAPORE 266.500.000 0 0 0 266.500.000
17 % OTHER UNKNOWN 53.880.000 54.400.000 3.900.000 0 112.180.000
0 % KOREA SOUTH
0 % EUROPE MIDDLE EAST 5.900.000 59.900.000 0 0 65.800.000
0 % INDONESIA
0 % HONG KONG CHINA EUROPE 0 64.000.000 0 0 64.000.000
17 % NORWAY
0 % CHINA PEOPLE'S REPUBLIC OF NORWAY 47.700.000 0 13.500.000 0 61.200.000
0 % SINGAPORE
0 % MIDDLE EAST USA. 0 56.000.000 0 0 56.000.000
17 % UNKNOWN
50 % GREECE HONG KONG,
47.500.000 0 0 0 47.500.000
CHINA
RUSSIA 10.200.000 26.500.000 0 0 36.700.000
Other 69.000.000 143.550.000 2.200.000 0 214.750.000
Grand Total 721.430.000 432.800.000 49.400.000 0 1.203.630.000

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 4 15,000 NANTONG HONGQIANG HI - UNKNOWN 2014

BULK 3 81,000 JAPAN MARINE UTD - K.G. JEBSEN 2014

BULK 1 82,000 COSCO - GOLDEN UNION 2014

BULK 4 181,000 STX DALIAN USD 46.750.000 FRONTLINE LTD 2014/2015

Other Dry

Type Units Dwt / Units Shipyard Reported Price Owner / Manager Delivery Date

MPP 4 12,100 TAIZHOU SANFU - NORDANA 2014

PCTC 3 8,500 CARS XIAMEN - HOEGH AUTOLINERS 2015

120,000 /
CONTAINER 4 10,000 TEU JIANGSU NEW YZJ USD 90.000.000 SEASPAN CORP. 2014

Tankers

Type Units Dwt Shipyard Reported Price Owner / Manager Delivery Date

PRODUCTS 2+2 7,000 WEIHAI SAMJIN - IMT INCORPORATION 2014

PRODUCTS 4 OPTIONS 37,000 HYUNDAI MIPO - SCORPIO TANKERS 2014

PRODUCTS 2 52,000 HYUNDAI MIPO USD 32.500.000 SCORPIO TANKERS 2014

PRODUCTS 4 52,000 SPP - SCORPIO TANKERS 2014

Other Wet

Type Units Dwt / Units Shipyard Reported Price Owner / Manager Delivery Date

L.P.G. 1 4,000 / 4,600 WUHAN NANHUA HJ - UNKNOWN CHINESE 2014

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

BC SADENT 4358 1979 U.K 8277 417 SOLD TO INDIA

SOLD TO UNDISCLOSED BUYERS ON PRIVATE TERMS -
GEN. CARGO BANGPAKAEW 6088 1969 JAPAN 2273 -
OLD SALE
GEN. CARGO TAN BINH 26 7013 1984 JAPAN 2210 410 SOLD TO INDIA
SOLD ON "AS IS FREEPORT" BASIS, FINAL DESTINATION
RO-RO CARGO SEABOARD INTREPID 10208 1980 FRANCE 8975 308
STILL UNKNOWN
RO-RO CARGO HOEGH TRAVELLER 15370 1983 JAPAN 12164 380 SOLD TO CHINA

CONTAINER TENORA 22281 1993 JAPAN 7625 442 SOLD TO BANGLADESH

CONTAINER FELIZ L 23456 1993 GERMANY 7030 472 SOLD TO INDIA

SOLD TO UNDISCLOSED BREAKERS ON PRIVATE TERMS
BC BRIGG 24030 1981 JAPAN 5673 -
(OLD SALE)
GEN. CARGO SINO WEST 26152 1988 GERMANY 7568 - SOLD TO UNDISCLOSED BREAKERS (OLD SALE)

BC ALBUS 26616 1984 BRAZIL 6900 435 SOLD TO INDIA

BC ASPHODEL 28303 1985 JAPAN 6352 435 SOLD TO BANGLADESH INCLUDING FULL SPARES

BC MAJOR HUBAL 33725 1985 POLAND 8470 407 SOLD TO INDIA

POWSTANIEC
BC 33767 1986 POLAND 8410 417 SOLD TO INDIA
LISTOPADOWY
BC FU XIANG 37489 1984 JAPAN 7609 410 SOLD TO BANGLADESH

BC RUI MING 39697 1984 JAPAN 8700 420 SOLD TO INDIA

BC NIKAT 42964 1983 JAPAN 8807 406 SOLD TO CHINA

SOLD TO UNDISCLOSED BREAKERS ON PRIVATE TERMS
BC VICTORY 8 66221 1985 JAPAN - -
- OLD SALE
SOLD TO UNDICLOSED BREAKERS ON PRIVATE TERMS -
BC JING YE 69201 1984 JAPAN 11912 -
OLD SALE
SOLD TO CHINA WITH APPROX 250 TNS BUNKERS ROB
BC MEGA PROGRESS 69561 1986 JAPAN 9759 415
UPON DELIVERY
SOLD TO PAKISTAN ON "AS IS RIO" BASIS WITH 200 TNS
TANKER BICAS 91671 1985 BRAZIL 16722 345
BUNKERS ROB
TANKER ANNA KNUTSEN 129154 1987 FINLAND 21663 430 SOLD TO PAKISTAN
SOLD TO PAKISTAN ON "AS IS COLOMBO" BASIS
TANKER NADEZHDA 143386 1993 SPAIN 20624 442
INCLUDING 220 TNS BUNKERS
BC HUA FA 149477 1992 CHINESE TAIPEI 18486 425 SOLD TO BANGLADESH
SOLD ON "AS IS CHINA" BASIS WITH 230 TNS BUNKERS
BC HAINA 174691 1993 POLAND 24308 408
ROB, FINAL DESTINATION YET UNKNOWN
SOLD TO CHINA WITH APPROX 500 TNS BUNKERS ROB
BC KUNISAKI MARU 227960 1988 JAPAN 29263 410
UPON DELIVERY

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 4 24.564
(up to 9,999 dwt)
2. Handy
323 8.474.222 28 770.361
(10,000 - 39,999 dwt)
3. Handymax
102 4.630.781 4 178.199
(40,000 - 59,999 dwt)
4. Panamax
118 7.945.415 8 534.359
(60,000 - 79,999 dwt)
5. Capesize
89 14.226.602 8 1.284.848
(80,000+ dwt)
A. Dry Sector Total 701 35.733.125 52 2.792.331

B. Tanker Sector
1. Minitank
26 152.370 0 0
(up to 9,999 dwt)
2. Product
62 2.035.167 1 18.997
(10,000 - 59,999 dwt)
3. Panamax
7 473.380 0 0
(60,000 - 79,999 dwt)
4. Aframax
39 3.714.797 3 285.761
(80,000 - 119,999 dwt)
5. Suezmax
22 3.239.167 2 272.540
(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 13.742.788 6 577.298

C. Container Sector Total 159 4.735.030 15 421.384

D. Reefer Sector Total 60 524.714 0 0

E. RoRo Cargo/ Ferry/

60 447.861 6 122.831
Passenger Sector Total

F. Miscellaneous Sector Total 37 1.332.143 3 17.506

Grand Total 1.188 56.515.661 82 3.931.350

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 13.761.601 12 888.495
CHINA, PEOPLE'S B. Tanker Sector 24,6 27 26,4
121 7.507.639 11 638.729
REPUBLIC OF
DOMINICAN REPUBLIC 1 1.465 0 0 C. Container Sector 23,3 29,6 27

INDIA 454 17.728.558 36 1.305.434 D. Reefer Sector 26,5 26,3 29,3

PAKISTAN 93 8.960.611 3 364.211
E. RoRo Cargo/ Ferry/
34,9 32 31,5
TURKEY 40 583.673 4 89.014 Passenger Sector

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

UNKNOWN 268 7.901.725 16 645.467

VIETNAM 1 15.100 0 0
Grand Total 1.188 56.515.661 82 3.931.350
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 563 25.199.022 167 10.361.911 922 37.808.986

2012 701 35.733.125 171 13.742.788 1188 56.515.661

2013 52 2.792.331 6 577.298 82 3.931.350

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.