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 2013
M O N T H L Y R E P O R T
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2000
4000
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12000
Sep
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Sep
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Sep
-13
Baltic Dry Index
PRICES TANKERS ($ MIO)
* Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Sep-13
VLCC 5Y 155.8 78.0 87.8 55.6 56.0 55.5
VLCC 10Y 131.0 59.5 64.3 34.1 35.0 34.2
SUEZMAX 5Y 106.0 57.0 62.8 45.6 40.2 39.0
AFRAMAX 5Y 76.8 40.5 44.5 34.7 28.0 28.2
AFRAMAX10Y 64.7 23.5 30.7 19.3 16.3 19.0
PANAMAX5Y 61.0 35.5 39.0 30.9 24.3 26.8
45K 5Y D/H 52.7 23.5 27.3 25.8 23.0 25.6
45K 10Y D/H 43.2 16.0 19.7 15.8 15.5 17.4
45K 20Y 10.0 4.0 6.7 6.0 6.2 6.3
PRICES BULKERS ($ MIO)
* Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Sep-13
CAPESIZE 5Y 45.5 54.5 57.0 36.3 32.0 34.4
CAPESIZE 10Y 30.0 45.0 43.0 26.8 20.5 23.5
CAPESIZE 15Y 21.0 28.0 26.0 15.2 12.7 14.7
CAPESIZE 20Y 15.2 16.5 16.4 10.5 9.3 8.5
PANAMAX 5Y 25.5 35.0 38.5 26.4 18.0 21.4
PANAMAX 10Y 19.0 27.5 31.6 18.6 12.5 15.0
PANAMAX 15Y 12.5 22.0 23.1 12.4 8.3 8.8
PANAMAX 20Y 9.2 12.0 13.8 8.1 5.4 5.4
SUPRAMAX 5Y 24.0 27.5 31.9 26.4 23.3 21.3
HANDYMAX10Y 18.2 22.0 24.7 18.0 13.0 15.0
HANDYMAX15Y 13.0 17.5 20.0 11.1 8.7 8.9
HANDYMAX20Y 7.4 11.0 12.0 7.9 6.3 6.2
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S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
Pri
ce (
USD
Mio
)
Monthly Tanker Market Trend
VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y
AMAX 10Y PMAX 5Y 45K 5Y D/H 45K 10Y D/H
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
100000
Pri
ce (
USD
)
Monthly 1 Yr TC Rates
VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C
PMAX 1 Yr T/C MR 1 Yr T/C
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
Pri
ces
(USD
Mio
)
Monthly Bulk Carrier Market Trend
CAPE 5Y CAPE 10Y CAPE 15Y PMAX 5Y
PMAX 10Y PMAX 15Y SUPRA 5Y HMAX 5Y
HMAX 10Y HMAX 15Y
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
Pri
ce (
USD
)
Monthly 1 Yr TC Rates
CAPE 1 Yr T/C PMAX 1 Yr T/C
SUPRA 1 Yr T/C HMAX 1 Yr T/C
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
3
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-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Total
BULK 33 42 26 43 42 29 215 TANK 34 40 22 27 22 35 180 GAS 5 2 7 5 0 6 25 CONT 11 12 11 18 14 8 74 TWEEN 1 4 0 0 0 0 5 REEF 0 0 0 0 0 0 0 RORO 1 0 0 1 0 0 2 FERRY 1 0 0 0 0 2 3 CRUISE 0 0 0 0 0 0 0
Total 86 100 66 94 78 80 504
349
29
338
42
0
100
200
300
400
THIS MONTH - PREVIOUS MONTH
S&P Activity Dry (<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
235
35
182
22
0
100
200
300
THIS MONTH - PREVIOUS MONTH
S&P Activity Tankers (<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
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TANKER SALES
NAME DWT BLT PRICE $ BUYER
EMMA COSULICH 6876 2007 CHINA DH 6.5 MIO UNDISCLOSED SAAG SIRIUS 7058 2009 CHINA DH 8 MIO UNDISCLOSED COSMIC 18 9273 1996 JAPAN DH 4 MIO UAE BASED STAR DREAM 11667 2001 JAPAN DH 10 MIO UNDISCLOSED DAWN 11668 1995 JAPAN DH 5.6 MIO UAE BASED STAR BALBOA 13050 1999 GERMANY DH 8.5 MIO GREEK
NORTHERN WOLVERINE 16000 2006 ROMANIA DH * ENBLOC BSS▼ NORTHERN LYNX 16533 2003 ROMANIA DH 24.8 MIO UNDISCLOSED (Total price)
BRO AXEL 16839 1998 INDONESIA DH 6.2 MIO UNDISCLOSED KOLKA 37211 2003 S.KOREA DH 13.3 MIO GREEK TWINKLE EXPRESS 45750 2006 JAPAN DH 20 MIO GREEK CHAMPION STAR 45999 1991 SPAIN DH 6 MIO UNDISCLOSED EAGLE GULF 45999 1995 S.KOREA DH 9.25 MIO INDONESIAN EAGLE BAY 47084 1991 S.KOREA DH 6 MIO MIDDLE EASTERN YASA CEYHAN 50162 2009 S.KOREA DH 29 MIO RIDGEBURY TANKERS YASA SEYHAN 50162 2009 S.KOREA DH 29 MIO RIDGEBURY TANKERS YASA BODRUM 50261 2009 S.KOREA DH 29 MIO RIDGEBURY TANKERS
SPP SACHEON S5122 50300 2013 S.KOREA DH * ENBLOC BSS▼ SPP SACHEON S5123 50300 2014 S.KOREA DH * ENBLOC BSS▼ SPP SACHEON S5124 50300 2014 S.KOREA DH * ENBLOC BSS▼ SPP SACHEON S5125 50300 2014 S.KOREA DH 151 MIO SCORPIO TANKERS (Total Price)
ENERGY POWER 51383 2005 S.KOREA DH 21 MIO INDIAN FOUR BAY 94225 1995 ITALY DH 7.9 MIO UNDISCLOSED STAVANGER BELL 105309 2010 JAPAN DH 32 MIO GREEK KWK ESTEEM 105342 2000 S.KOREA DH 11.45 MIO SINOKOR, KOREA HELLESPONT TATINA 105535 1999 JAPAN DH 9.5 MIO UNDISCLOSED
618
767
706
556 533 500
550
600
650
700
750
800
40 43 46 49 52 3 6 9 12 15 18 21 24 27 30 33 36 39
WEEK NO
Baltic Clean Tanker - Yearly
2013 2012
665
772
632
696
579
500
550
600
650
700
750
800
40 43 46 49 52 3 6 9 12 15 18 21 24 27 30 33 36 39
WEEK NO
Baltic Dirty Tanker - Yearly
2013 2012
580
561
529
480
500
520
540
560
580
600
620
02/09/2013 09/09/2013 16/09/2013 23/09/2013
Baltic Clean Tanker - Monthly
604
583 580
588
550
560
570
580
590
600
610
620
630
02/09/2013 09/09/2013 16/09/2013 23/09/2013
Baltic Dirty Tanker - Monthly
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STAVANGER BAY 105744 2004 JAPAN DH 19.5 MIO GREEK SEASERVICE 107160 1998 JAPAN DH 9.5 MIO UNDISCLOSED FORWARD FORTUNE 115567 2005 JAPAN DH 20.5 MIO TANKER PACIFIC
ALMI MARINER 157430 2013 S.KOREA DH 55 MIO OSAS, NIGERIA (Purchase option may
have been executed) ALMI GALAXY 157786 2012 S.KOREA DH 52 MIO UNDISCLOSED ALMI GLOBE 157787 2012 S.KOREA DH 52 MIO UNDISCLOSED TAKASAGO MARU 281050 1999 JAPAN DH 21 MIO UNDISCLOSED
COSGOLD LAKE 297163 2011 CHINA DH * ENBLOC BSS▼ COSGLAD LAKE 297388 2011 CHINA DH 110 MIO GREEK (Total price)
GAS SALES
NAME DWT BLT CBM PRICE $ BUYER
CHELTENHAM 4318 1990 JAPAN 3144 11.3 MIO SINAM, KOREA NORGAS CARINE 9422 1989 GERMANY 8238 11.5 MIO DUBAI BASED
NAVIGATOR GRACE 16687 2010 S.KOREA 22601 * ENBLOC BSS▼ NAVIGATOR GUSTO 16687 2011 S.KOREA 22149 110 MIO UNDISCLOSED (Total price)
RED RUM 49255 1993 JAPAN 75358 28 MIO CHINESE STX FRONTIER 86778 2010 S.KOREA 153000 160 MIO GREEK
9680
4903
10450
0
10000
20000
30000
40000
50000
Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13
$/D
ay
Spot Market - Tankers VLCC
SUEZMAX
AFRAMAX
17900
16000
13000
5000
10000
15000
20000
25000
Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
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6
BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
SAVA OCEAN 3024 1993 YUGOSLAVIA GLESS 0.6 MIO UNDISCLOSED X-PRESS MONTE BIANCO
9146 2005 ROMANIA GLESS 2.5 MIO SINGAPORE BASED
ORIENTE NOBLE 23522 1996 JAPAN CR 4X30 5.8 MIO UNDISCLOSED GLOBAL NEXTAGE 24830 1996 JAPAN CR 4X30 5.6 MIO CHINESE NEUMETAL VENTURE 27786 1998 JAPAN CR 4X30 7.8 MIO GREEK BASED HIBERNIA 28107 2001 CHINA CR 4X30 6.8 MIO GREEK BASED ID HARBOUR 28760 1995 JAPAN CR 4X30 7 MIO UNDISCLOSED
ROYAL 29152 1985 JAPAN CR 2X30, CR
1X25 1.5 MIO UAE
STX AZALEA 29263 2010 CHINA CR 4X30 * ENBLOC BSS▼ STX NOBLE 180716 2010 S.KOREA GLESS 53 MIO UNDISCLOSED (Total Price)
PACIFIC FUTURE 29517 1998 CHINA CR 3X30 4.5 MIO MIDDLE EASTERN (Via Auction)
CAPE DENISON 30396 2002 CHINA CR 2X100, CR
2X50 8.8 MIO GERMAN
GISBORNE 33671 2010 CHINA CR 4X35 19.1 MIO GREEK OMIROS 42183 1987 JAPAN CR 5X25 3.8 MIO UNDISCLOSED
LOS VILOS 46541 2000 JAPAN CR 4X30 12.6 MIO BRAVE OCEAN, BANGLADESH
GOLDEN ELPIS 46645 1997 JAPAN CR 4X30 8.5 MIO UNDISCLOSED PACIFIC ETERNITY 46683 2004 JAPAN CR 4X30 15.8 MIO GREEK NAMRUN 55000 2007 CHINA CR 4X30 20.7 MIO GREEK JIANGSU HANTONG HT57-126
57000 2013 CHINA CR 4X35 23 MIO GREEK
534
558
594
510
530
550
570
590
610
02/09/2013 09/09/2013 16/09/2013 23/09/2013
Baltic Handysize
2
965
934
1069
840
890
940
990
1040
1090
02/09/2013 09/09/2013 16/09/2013 23/09/2013
Baltic Supramax
2
933
1306 1509
1794
0
500
1000
1500
2000
02/09/2013 09/09/2013 16/09/2013 23/09/2013
Baltic Panamax
4
2445
3431
3480
4329
1600
2100
2600
3100
3600
4100
4600
02/09/2013 09/09/2013 16/09/2013 23/09/2013
Baltic Capesize
4 38
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YANGZHOU DAYANG DY 4028
63301 2013 CHINA CR 4X35 26 MIO GREEK
YANGZHOU DAYANG DY 4030
63500 2014 CHINA CR 4X35 26.8 MIO GERMAN
DANANN ISLAND 75637 2006 JAPAN GLESS 18.75 MIO GREEK BELGRANO 76759 2004 JAPAN GLESS 16.5 MIO UNDISCLOSED NEW CENTURY 0108206
81500 2013 CHINA GLESS 24.5 MIO UNDISCLOSED (Bss ppt dely)
NEW CENTURY 0108207
81500 2013 CHINA GLESS 24.5 MIO UNDISCLOSED (Bss ppt dely)
STEFANIA LEMBO 82117 2010 JAPAN GLESS 22.7 MIO GREEK (Via Auction) OCEAN LORD 82977 2005 JAPAN GLESS 18 MIO UNDISCLOSED CHRISMIR 159829 1997 S.KOREA GLESS 13.5 MIO GREEK (Bss waive inspection) TAI FU STAR 178633 1998 S.KOREA GLESS 16.5 MIO VISTA SHIPPING, UKRAINE
39900
8750
8150
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13
$/D
ay
Spot Market - Bulkers CAPESIZE
PANAMAX
HANDYMAX
23600
12050
8900
5000
7000
9000
11000
13000
15000
17000
19000
21000
23000
25000
Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13
$/D
ay
Period Market - Bulkers 1 Year T/C CAPE
PMAX
HANDYMAX
44
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8
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
ASIAN CARRIER 5565 2003 CHINA CR 2X40 511 4.9 MIO UNDISCLOSED (Via
Auction) MAERSK VIGO 22200 2002 GERMANY CR 3X45 1678 * ENBLOC BSS▼ MAERSK VALLETTA 22300 2002 GERMANY CR 3X45 1678 * ENBLOC BSS▼ MAERSK VANCOUVER
22308 2001 GERMANY CR 3X45 1678 * ENBLOC BSS▼
MAERSK VENICE 22308 2002 GEMANY CR 3X45 1678 50 MIO UNDISCLOSED
DOROTHEA RICKMERS
23027 1998 POLAND CR 3X40 1730 5.2 MIO UNDISCLOSED
RORO SALES
NAME GT BLT LANE MTS/CARS PAX PRICE $ BUYER
FORDEFJORD 787 1970 NORWAY 32 380 0.5 MIO UK BASED OLE JAKOB 313 1973 NORWAY 245 0.3 MIO NORWEGIAN
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N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S
Dry Bulk Orderbook
Ship Type 2013 (deliv) 2013 2014 2015 2016 2017 2018+ Total
VLOC 21 4 17 8 2 0 0 31
Capesize 57 41 70 66 14 0 0 191
Small Cape 30 19 25 12 4 0 0 60
Panamax 151 103 178 72 11 0 0 364
Supramax 168 112 181 108 22 0 0 423
Handys 141 79 163 97 20 0 0 359
Total 568 358 634 363 73 0 0 1428
Tanker Orderbook
Ship Type 2013 (deliv) 2013 2014 2015 2016 2017 2018+ Total
ULCC/VLCC 26 12 34 17 5 0 0 68
Suezmax 25 10 23 15 4 0 0 52
Aframax 17 5 34 37 2 0 0 78
Panamax 8 6 9 8 3 0 0 26
MR 67 24 98 112 28 2 0 264
Handy 3 4 19 5 0 0 0 28
Total 146 61 217 194 42 2 0 516
LPG Tank Orderbook
Ship Type 2013 (deliv) 2013 2014 2015 2016 2016+ Total
VLGC 9 3 11 20 2 0 36
LGC 0 0 0 2 0 0 2
MR 2 4 6 7 4 0 21
Handy 4 7 14 8 1 0 30
Small 22 13 19 10 0 0 42
Total 37 27 50 47 7 0 131
88.9
55.8 48.6
33.8
20
40
60
80
100
120
Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13
$m
Tanker Prices VLCC Suezmax
Aframax MR
1
5
3
49.7
26.5
24.8
21.5
10
15
20
25
30
35
40
45
50
55
Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13
$m
Bulker Prices Capesize Panamax
Handymax Handysize
5
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
10
163 169
126
440
260
450
225
70
158
0
100
200
300
400
500
2011 2012 Sep-13
No
. o
f V
es
se
ls
Newbuilding Sales Tankers >10,000 dwt
Bulkers >10,000 dwt
Containerships
48.1 45
33.5
14.6
22
13.8
0
10
20
30
40
50
60
Sep-13 2014 2015+
m. d
wt
Delivery Schedule Bulkers >10,000 dwt.
Tankers >10,000 dwt
17.6
8.5 9.1
2
12.3
0
2
4
6
8
10
12
14
16
18
20
September 2013
m.
dw
t
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products
48.8
36.2 29.3
12.2
0
10
20
30
40
50
60
September 2013
m. d
wt
Bulker Newbuildings on Order Capesize Panamax
Handymax Handysize
Newbuilding Historical Prices ($m)
Tankers Sep-13 2012 2011 2010 2009 2008 2007 2006 2005 2000 1995 1990 1985
310,000 DWT1 88.9 93.2 98.9 104.8 97.5 150 145 130 120 76.5 85.3 87.4 2 38.2
170,000 DWT1 55.8 57.1 60.3 66.3 61 90 90 80 71.5 52.5 54 66.1 2 28.2
110,000 DWT1 48.6 48.5 52.2 56 49.5 74 72 65.5 58 41.5 43.3 53.2 2 18.1
47,000 DWT1 33.8 33.8 35.2 36.1 35 46.5 52 47 43 29.5 33.2 3 32.1
3 13.3
Bulkers
180,000 DWT1 49.7 45.7 48.4 57.2 55.5 87 96 67 58.5 40.5 42.3 60.2 29.3
73,000 DWT1 26.5 25.6 28.7 34.3 34.5 45.5 54 39.5 36 22.5 27.9 30 13.4
45,000 DWT 24.8 23.7 26.7 31.1 29 41 47.5 37 31 20.5 24.1 25.3 12.4
29,000 DWT 21.5 20.5 22.2 26.3 24.5 31 34 27.5 25.5 15 19.2 21.3 9.7
1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,0000 respectively for tankers and 150,000 - 69,000 for Bulkers 2 Single Hull 3 30,000 DWT
(note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)
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11
The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
BULK 64000 Chengxi Shipyard 2015 Parakou Shpg
BULK 64000 Chengxi Shipyard 2016 Parakou Shpg
BULK 64000 Chengxi Shipyard 2016 Parakou Shpg
BULK 64000 Chengxi Shipyard 2016 Parakou Shpg
BULK 120000 Shanhaiguan S.Y. 2015 37 Mio Elcano
BULK 120000 Shanhaiguan S.Y. 2015 37 Mio Elcano
Chem & Oil 3500 Chongqing Donggang 2015 New Jinhang Shp
Chem & Oil 3500 Chongqing Donggang 2015 New Jinhang Shp
Chem & Oil 3500 Chongqing Donggang 2015 New Jinhang Shp
Chem & Oil 3500 Chongqing Donggang 2015 New Jinhang Shp
Chem & Oil 3500 Chongqing Donggang 2015 New Jinhang Shp
Chem & Oil 19900 Shitanoe Zosen 2016 Stream Tankers AS
Chem & Oil 19900 Fukuoka S.B. 2015 Stream Tankers AS
Chem & Oil 19900 Shitanoe Zosen 2015 Stream Tankers AS
Chem & Oil 7500 Armada Shipyard 2015 Palmali Tankers
Chem & Oil 7500 Armada Shipyard 2015 Palmali Tankers
Chem & Oil 7500 Armada Shipyard 2015 Palmali Tankers
Chem & Oil 19900 Fukuoka S.B. 2016 Stream Tankers AS
CONT 196000 Hyundai H.I. 2014 United Arab Shpg
CONT 196000 Hyundai H.I. 2015 United Arab Shpg
CONT 196000 Hyundai H.I. 2015 United Arab Shpg
CONT 196000 Hyundai H.I. 2015 United Arab Shpg
CONT 196000 Hyundai H.I. 2015 United Arab Shpg
CONT 140000 Hyundai H.I. 2015 United Arab Shpg
CONT 140000 Hyundai H.I. 2015 United Arab Shpg
CONT 140000 Hyundai H.I. 2015 United Arab Shpg
CONT 140000 Hyundai H.I. 2015 United Arab Shpg
CONT 140000 Hyundai H.I. 2016 United Arab Shpg
CONT 194000 Daewoo 2015 140 Mio Hong Kong Asset Mgmt
CONT 194000 Daewoo 2015 140 Mio Hong Kong Asset Mgmt
CONT 194000 Daewoo 2015 140 Mio Hong Kong Asset Mgmt
CONT 140000 CSBC 2016 110 Mio Seaspan Corp.
CONT 140000 CSBC 2016 110 Mio Seaspan Corp.
CONT 140000 CSBC 2016 110 Mio Seaspan Corp.
CONT 140000 CSBC 2016 110 Mio Seaspan Corp.
CONT 140000 CSBC 2016 110 Mio Seaspan Corp.
CONT 16000 Jiangsu New YZJ 2015 Lomar Shpg
CONT 16000 Jiangsu New YZJ 2015 Lomar Shpg
CONT 30000 Hyundai Mipo 2015 34.4 Mio CMA-CGM
CONT 30000 Hyundai Mipo 2015 34.4 Mio CMA-CGM
CONT 30000 Hyundai Mipo 2015 34.4 Mio CMA-CGM
CONT 97000 New Times S.B. 2016 85 Mio CIMC
CONT 97000 New Times S.B. 2016 85 Mio CIMC
Drillship 61300 Samsung H.I. 2015 600 Mio Ocean Rig
Hvy Dk Cargo 22500 COSCO Dalian 2015 BIgRoll Shipping
Hvy Dk Cargo 22500 COSCO Dalian 2015 BIgRoll Shipping
LNG 95000 Hyundai H.I. 2016 Maran Gas Maritime
LNG 95000 Hyundai H.I. 2016 Maran Gas Maritime
LNG 90000 Samsung H.I. 2017 200 Mio FLEX LNG
LNG 90000 Samsung H.I. 2017 200 Mio FLEX LNG
LNG 72500 Hyundai H.I. 2016 212.5 Mio Petronas
LNG 72500 Hyundai H.I. 2017 212.5 Mio Petronas
LNG 72500 Hyundai H.I. 2017 212.5 Mio Petronas
LNG 72500 Hyundai H.I. 2017 212.5 Mio Petronas
LPG 4500 Murakami Hide 2014 17.75 Mio Tachibanaya K.K.
LPG 4500 Murakami Hide 2015 17.75 Mio Tachibanaya K.K.
LPG 6500 Murakami Hide 2014 22 Mio Tachibanaya K.K.
LPG 53800 Jiangnan Changxing 2015 67.5 Mio Tianjin Southwest
LPG 53800 Jiangnan Changxing 2015 67.5 Mio Tianjin Southwest
MPP/Hvy. Lift 32000 Shanghai S.Y. 2015 Chinese-Polish Shpg.
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12
MPP/Hvy. Lift 32000 Shanghai S.Y. 2015 Chinese-Polish Shpg.
Pass/Car STX Finnyards 2015 Scandlines Denmark
Pass/Car STX Finnyards 2015 Scandlines Denmark
PCC 29000 Toyohashi S.B. 2015 K-Line
PCC 29000 Toyohashi S.B. 2015 K-Line
PCC 30000 Japan Marine United 2015 K-Line
PCC 30000 Japan Marine United 2015 K-Line
PCC 20000 Xiamen S.B. 2016 68.5 Mio Ocean Yield AS
PCC 20000 Xiamen S.B. 2016 68.5 Mio Ocean Yield AS
Products 50000 Sungdong S.B. 2015 34 Mio Horizon Tankers
Products 50000 Sungdong S.B. 2016 34 Mio Horizon Tankers
Products 52000 Samsung Ningbo 2016 32 Mio Capital Ship Management
Products 50000 Gen. Dynamics NASSCO 2016 Seabulk Interntnl
Products 50000 Gen. Dynamics NASSCO 2017 Seabulk Interntnl
Standby/Rescue 690 Balenciaga 2014 North Star Shipping
Standby/Rescue 690 Balenciaga 2015 North Star Shipping
Standby/Rescue 690 Balenciaga 2015 North Star Shipping
Standby/Rescue 690 Balenciaga 2015 North Star Shipping
Standby/Rescue 1100 Balenciaga 2015 North Star Shipping
Standby/Rescue 1100 Balenciaga 2016 North Star Shipping
TANK 300000 Hyundai H.I. 2016 Metrostar Management
TANK 300000 Hyundai H.I. 2016 Metrostar Management
Well Stimul. Jurong S.Y. 2016 Helix Energy
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D E M O L I T I O N M A R K E T
Demolition Historical Data
430 410
425 425 420 405 400
380 385
180
230
280
330
380
430
480
530
580
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
USD
/to
n
Price Tankers* 2010 2011
2012 2013
*India month's end prices
405 380 400 410 400
380 375 360 370
180
230
280
330
380
430
480
530
580
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
USD
/to
n
Price Bulkers* 2010 2011
2012 2013
*India month's end prices
13.4
27 28.65 26.9
38
25.6
14.5
4.9 2.35
4.6 3.8
15.9 16.7 18.9
15.5 18
15.6
25
30.5
22.4
28.4 28.5 27
10 5.5 6.5 5
12
28.9 25.7
31.58
50.3
31.6
0
10
20
30
40
50
60
Mill
ion
dw
t
Total Demolition (Dwt)
* Bss reported sales
Demolition Prices Gen Cargo Tanker
India USD 370 /lt Ldt USD 385 /lt Ldt
Bangladesh USD 360 /lt Ldt USD 380 /lt Ldt
Pakistan USD 365 /lt Ldt USD 385 /lt Ldt
China USD 350 /lt Ldt USD 370 /lt Ldt
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14
HISTORICAL DEMOLITION PRICES (*Indian Year’s End)
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 CURR.
TANK 186 182 172 115 136 174 135 174 262 362 302 405 507 287 338 485 482 400 385 BULK 166 153 152 112 143 170 135 181 267 381 332 392 472 268 328 437 456 370 370
India
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK ABDOUL STAR 8944 1979 3315 350
BULK DIAMOND MOON 8991 1980 3253 350
BULK ACACIA N 23193 1978 6119 382
BULK H PIONEER 30900 1982 6807 407
BULK MSC ACCRA 33857 1985 9600 400
BULK TERN ARROW 41077 1986 13176 355
CONT CARIBBEAN SEA 23780 2007 14650 428
CONT SEABOXER 24046 1994 7590 427 Incl 220T RoB
CONT YM YANTIAN 49262 1989 19861 408
CONT HANSA PACIFIC 62400 1995 20876 380
CONT HANSA ATLANTIC 62422 1996 20901 378
Bangladesh
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK MAY JASMINE 43214 1984 8426 364
BULK STELLAR WIND 38313 1984 6616 356
BULK WAN TAI 31217 1984 6733 355
BULK ALEXANDER DIMITROV 38524 1985 9675 418
TANK ZEETEE 4699 1978 2390 364
RORO RANINE 4322 1978 3252 407
0
100
200
300
400
500
600
USD
/to
n
Historical Demolition Prices (India Year's End)
TANKERS
BULKERS
Avg. Trend
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15
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK ANIK 23245 1987 8834 363 Incl 250T RoB
BULK LINDESAY CLARK 29515 1985 6726 365
BULK KIND FOUNTAIN 31774 1983 6569 366
BULK J. FRIEND 35493 1984 7523 360
BULK SIERRA GUARDIAN 48794 1996 9164 358 Chip Carrier
BULK CLIO 69406 1989 9535 360 Incl 550T RoB
BULK HUI KANG HAI 149680 1994 22530 375
BULK TAUNTON 186324 1986 24005 381 Incl 500T RoB
CONT RONG FENG 8302 1983 3371 340
CONT PAN HE 13275 1995 5193 344
CONT YM ZENITH 45995 1996 19426 375
GAS NORMAN LADY 50922 1973 23380 521 Full spares, aluminum, non-ferrous fixtures
REEF BALTIC NIGHT 10598 1980 6752 344 Incl 80-90T Aluminum
TANK NEW FORTUNER 146591 1992 22021 380
TANK NEW VICTORY 291613 1993 38634 380
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK NIRMAL PRITI 43590 1985 8090 380 TANK MARAN TAURUS 301686 1993 41220 410 Asis Fujairah incl 250T RoB
Turkey
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK MOBY MAGIC 2577 1975 8128 310
RORO ROSA DELMAS 27577 1985 14222 327
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16
H I S T O R I C A L B U N K E R P R I C E S
HISTORICAL BUNKER PRICES
Rotterdam Fujeirah Houston
380 cst MGO 380 cst MGO 380 cst MGO
1991 82 170.8 78.6 206.1 75.3 161.1
1992 83 161.9 81.5 208.2 78.4 165.2
1993 67 150.5 70 202.5 71.1 160.6
1994 86 133.2 80.9 182.6 80.8 148.8
1995 97 140.6 94.6 175.8 93.2 148
1996 107 175.1 104.4 207.5 105.8 186
1997 92 155.4 99.3 205.6 97.3 179.9
1998 66.5 112.2 69.2 152.2 67.2 136.9
1999 94 133 98.5 157.2 93.3 143.9
2000 139 231.6 155.3 263.5 136 255.7
2001 116 192.4 129.7 244.7 112.8 227.5
2002 135 188.2 145.9 222.8 134 196
2003 151 230.4 166.3 265.2 160.2 265.1
2004 154 313.4 176.7 359.3 167.3 328.7
2005 236 458.4 256.6 500.1 248.3 508.5
2006 195 524.1 310.9 631.8 303 562.3
2007 347 571.3 373.7 664.7 351.8 608.6
2008 469 850.7 509.4 1037.7 496.8 933.2
2009 355 490.6 372.8 657 360.7 525
2010 452 667.1 468.2 712.9 449.3 683
2011 548 848.6 587.5 897.5 542.1 862.4
2012 585 920 606 1005 610 1005
Sep-13 590 905 616 990 615 1000
0
100
200
300
400
500
600
700
800
USD
/to
n
Bunkers Cost (380 cst)
Rotterdam
Fujeirah
Houston
Average Trend
0
200
400
600
800
1000
1200
USD
/to
n
Bunkers Cost (MGO)
Rotterdam
Fujeirah
Houston
Average Trend
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
17
M A R K E T I N D I C A T O R S
GBP CAD EUR JPY CHF USD
AUD
GBP 1 0.6017 0.8381 0.00631 0.6843 0.6197 0.5777
CAD 1.6646 1 1.3946 0.010498 1.1389 1.0312 0.9612
EUR 1.194 0.7182 1 0.007531 0.8166 0.7397 0.6893
JPY 158.67 95.4326 132.939 1 108.556 98.287 91.622
CHF 1.4628 0.8802 1.2257 0.009229 1 0.9065 0.845
USD 1.6143 0.971 1.3525 0.010181 1.1045 1 0.9322
AUD 1.7335 1.0427 1.4521 0.010934 1.186 1.0739 1 * 30/09/2013 values
60
70
80
90
100
110
120
130
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
USD
-JP
Y
USD
-EU
R
Currencies USD-EUR
USD-JPY
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
$/B
arre
l
Brent Oil
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18
S T O C K W A T C H
NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW
NewLead Holdings Ltd. NEWL 0.15 0.11 36.4 2.73 0.07
Capital Product Partners CPLP 8.92 8.86 0.7 10.15 5.79
Diana Shipping Inc. DSX 12.21 11.04 10.6 13.24 6.46
Dryships Inc. DRYS 3.64 2.45 48.6 4.00 1.46
Eagle Bulk Shipping Inc. EGLE 7.75 3.95 96.2 8.75 1.32
Euroseas Ltd. ESEA 1.55 1.25 24 1.80 0.86
Excel MarItime Carriers EXMCQ N/A N/A N/A N/A N/A
Freeseas Inc. FREE 0.78 0.18 333.3 5.80 0.17
Genco Shipping&Trading GNK 3.87 2.95 31.2 4.98 1.12
Costamare Inc. CMRE 17.74 16.73 6 18.66 12.08
Goldenport Holdings Inc. GPRT 50.50 35.00 44.3 51.00 29.00
Navios Maritime Holdings NM 7.21 6.25 15.4 7.67 3.26
GasLog Ltd. GLOG 14.86 13.73 8.2 15.29 10.35
Paragon Shipping Inc. PRGN 6.00 7.77 -22.8 9.40 1.91
Safe Bulkers Inc. SB 6.92 6.62 4.5 7.65 3.12
Star Bulk Carriers Corp. SBLK 9.80 8.63 13.6 11.53 5.28
Stealthgas Inc. GASS 9.26 8.72 6.2 12.10 5.34
TEN Inc. TNP 5.37 4.87 10.3 5.75 3.04
TOP Ships Inc. TOPS 1.86 2.15 -13.5 2.93 0.70
Box Ships Inc. TEU 4.17 4.22 -1.2 6.33 3.51
Diana Containerships Inc. DCIX 3.91 3.64 7.4 7.13 3.57
Danaos Corporation DAC 3.93 4.54 -13.4 4.86 2.44
Aegean Marine Petroleum ANW 11.66 9.13 27.7 12.00 4.48 * 27/09/2013 closing values
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein.
Kind Regards,
ATHENIAN SHIPBROKERS S.A.