WEEKLY SHIPPING
MARKET REPORT WEEK 16
- 18th to 21st April 2011 -
Legal Disclamer
The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up to date, Shiptrade Services S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report.
Researched and compiled by: Vana Efkleidou, Shiptrade Services SA, Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions please contact: [email protected]
Shiptrade Services SA Tel +30 210 4181814 [email protected] 1st Floor, 110/112 Notara Street Fax +30 210 4181142 [email protected] 185 35 Piraeus, Greece www.shiptrade.gr [email protected]
1
BHP sees iron ore output surge as coking coal falls
BHP Billiton has reported record iron ore production in the first
nine months of its financial year, in contrast to metallurgical coal
volumes that have been weakened by continued wet weather in
eastern Australia. Between June 2010 and March 2011, the
mining giant produced 98.9m tonnes of iron ore, up from 93.8m
tonnes in the same period of the 2009/2010 year, at its West
Australian and Brazilian operations.By comparison, only 24.8m
tonnes of metallurgical coal, also known as coking coal that is
used in steel production, was mined in the nine months ending
March 31, down 7% on volumes in the same period of the
previous year.Its metallurgical coal mines had been “significantly
affected by persistent wet weather for a large part of the 2011
financial year that continues to delay recovery efforts,
particularly for the large open cut operations”, BHP said
today.“Force majeure remains in place for the majority of our
Bowen Basin products, with production, sales and unit costs likely
to be impacted, to some extent, for the remainder of the 2011
calendar year.” In contrast, the company’s energy coal
production, also known as steam coal and used for power
generation, topped 51.1m tonnes in the nine-month period, from
49.9m tonnes reported between July 2009 and March 2010. BHP
said these figures reflected “the successful ramp-up of the
MAC20 project and use of our recently-commissioned Newcastle
Coal Infrastructure Group port capacity”. Increasing iron ore
volumes will come as good news for capesizes operating in the
Pacific trading region that are suffering from a lack of cargoes
and too much available tonnage. However, the lack of coal
exports is likely to continue to hamper a recovery in the panamax
bulk carrier sector. (Lloyd’s List)
Tanker owners will eventually see the light at the end of the
tunnel
Although at the moment, most tanker trades are suffering from
tumbling demand, oversupply of vessels and ever so increasing
bunker costs, there are some silver linings which will provide
shelter to ship owners and help them weather the adverse
current market conditions. According to Gibson, the next few
years are expected to be quite difficult for most ship owners. But,
there are some positive trends as well, which can help provide
some optimism to the market. “The first and probably most
important positive development is the continuing growth in
global oil demand. According to the recent forecast from IEA, in
2011 the world economy will require 89.4 million barrels of oil
per day, up by 1.4 million b/d from 2010. This builds
on last year’s very strong growth and is a rapid turnaround from
2008, when oil demand fell by 1.1 million b/d. Such a rebound
reflects the growing optimism in the developing economies, with
Asian heavyweights like China and India being at the forefront.
Such a robust growth in demand will be a strong supporting
factor for the tanker industry until the market fundamentals are
balanced again. This balance could be achieved faster, due to a
changing attitude towards fleet investment among shipowners. If
the cautious approach to ordering continues throughout the
year, then freight rates for tankers might be under less pressure
after the anticipated harsh period of 2011-2013, when over 700
newbuildings of close to 100 million dwt are scheduled to hit the
water. Finally, the geo-political situation in the world seems to be
working in favour of tanker owners. The unrest in Libya aided
Suezmax and Aframax owners to maintain higher rates in late
February and the first half of March. The on-going situation in
Libya and the rebuilding in Japan may give a second wind to both
product and crude tanker markets, though due to different
reasons, and at different points of time. In addition, the closure
of refineries in Europe could boost clean products imports to the
region, with more long-haul shipments from the Middle East and
the US as well as helping intra-regional trade. (Hellenic Shipping
News Worldwide)
‘Weaker’ owners will suffer in two-tier lending market
Weaker shipowners are likely to face even tougher times ahead
in their negotiations with banks. In contrast, says Norden senior
vice-president Martin Badsted, banks have more “wriggle room”
to offer decent rates to their stronger clients. He says a two-tier
market is developing. Owners with significant leverage face
future interest-rate increases when they refinance, which in itself
remains difficult. The banks are in a stronger negotiating position
after winning “breathing room” from their various exposures to
areas such as industry and retail, as well as shipping. Badsted was
responding to a question on whether the credit squeeze is easing
and how it may affect Norden’s plans to grow its owned fleet.
This includes increasing its number of owned tankers from 15 to
more than 25 by the end of 2013. Badsted says overall there is an
oversupply of products tankers globally because of newbuilding
deliveries but in Norden’s smaller products-tanker segments —
handysize and medium range (MR) — “we think the orderbook
looks very moderate”. The market is expected to improve,
although “it is not something we think will aggressively explode
in the near future”. Badsted points to drivers being the continued
dislocation between where refined products are produced and
consumed, as well as the ability of refineries to produce
according to specification differences. (Tradewinds)
Moller cuts back green recycling
AP Moller-Maersk Group is bringing down the shutters on its
green recycling of ships for third-party owners. A Maersk Ship
Management memo sent to customers, business partners and
internally says the move is in line with the policy of focussing
instead on core shipping activities and improving
competitiveness. It comes as a surprise, given that the Rotterdam
and China-based Maersk Ship Recycling division is understood to
be profitable and has raised AP Moller-Maersk’s image in terms
of sustainable shipping. The group is against the beaching of
ships and has so far handled the recycling of close to 60 vessels,
mainly for third-party owners, by turning to China, where vessels
are scrapped alongside quaysides that allow the use of heavylift
gear. Sources speculate that the company may seek to use its
knowledge and contacts to launch a new company that might
also serve AP Moller-Maersk’s future scrapping needs. The
decision to withdraw from third-party contracts is a setback given
the planned introduction of mandatory rules under the (IMO)’s
Hong Kong Convention for the safe and environmentally sound
recycling of ships. A decision has still to be taken by AP Moller
whether to continue with its in-house China project or to
outsource this to service providers. It is understood that it will
honour existing contracts, both vessels already being worked on
and those still to be delivered. This is expected to take up to the
end of the year. Strict confidentiality agreements with owners
has in the past meant that the identity of vessels has rarely been
revealed. (Tradewinds)
Shipping , Commodities & Financial News
1
Capesize: Capesize bulkers experienced further losses this week since the Easter holidays slowed the market down. Charterers appeared to be
stepping back until the holiday’s end, leading to even lower levels of activity and hence softer rates than those recorded last week. The
Atlantic basin was worst off with owners forced to push their ideas down as tonnage supply kept increasing. The Pacific market saw some
activity by Iron Ore majors. However as we approached closer to the Easter holidays, the market quieted down, the sentiment dropped and
rates came off slightly. At the same time, while newbuilding deliveries continue, the market remains under significant pressure with tonnage
pilling up once again.
Panamax: In the Atlantic Basin the Panamax market did not manage to avoid the downward pressure as, despite some fresh cargoes entering
the market early in the week, these got quickly absorbed by the abundance of available vessels in the region. The Pacific Panamax also
marked a declining direction this week as the drop in cargo demand continues. In particular, China’s significant drops in coal imports these
past three months, since the last quarter of 2010, have hit rates in Asian routes.
Supramax: The Supramax market in the Atlantic, saw a rush of activity during the week leading up to Easter. Owners were keen to get their
vessels fixed, however with a relatively balanced supply to demand relation, rates managed to stay more or less stable. The Pacific started off
with downward sentiment but as the week progressed we saw a small turn in direction with activity picking up. Coal fixtures out of Indonesia
were certainly a major cause of the turn in activity. Rates however did not manage to gain any ground this week.
Handysize: The Handysize market saw an upward move this past week. Smaller sizes saw an increase in demand in both basins, although rates
increased marginally. It was reported that average rates have almost doubled for certain routes this week in comparison to rates for Capesize
vessels. In addition, the number of newbuliding deliveries for Handysize vessels is substantially smaller than this of larger sizes and
consequently the pressure brought upon by oversupply is far less here.
Baltic Indices – Dry Market (*Thursday’s closing values)
Index Week 16 Week 15 Change (%)
BDI 1254 1296 -3,24
BCI 1540 1564 -1,53
BPI 1377 1514 -9,05
BSI 1401 1414 -0,92
BHSI 802 796 0,75
T/C Rates (1 yr - $/day)
Type Size Week 16 Week 15 Change (%)
Capesize 160 / 175,000 14500 15000 -3,33
Panamax 72 / 76,000 15000 15000 -
Supramax 52 / 57,000 15500 14500 6,90
Handysize 30 / 35,000 13000 13000 -
Average Spot Rates
Type Size Route Week 16 Week 15 Change %
Far East – ATL 850 1000 -15
Cont/Med – Far East 19000 19500 -2,56
Pacific RV 6700 7000 -4,29 Capesize 160 / 175,000
TransAtlantic RV 5000 5500 -9,09
Far East – ATL 4500 5000 -10
ATL / Far East 21500 22000 -2,27
Pacific RV 9800 10500 -6,67 Panamax 72 / 76,000
TransAtlantic RV 11000 12000 -8,33
Far East – ATL 9300 9500 -2,11
ATL / Far East 20800 21000 -0,95
Pacific RV 14400 14500 -0,69 Supramax 52 / 57,000
TransAtlantic RV 13400 13500 -0,74
Far East – ATL 9800 10000 -2
ATL / Far East 17200 17000 1,18
Pacific RV 9500 9300 2,15 Handysize 30 / 35,000
TransAtlantic RV 13500 13000 3,85
Dry Bulk - Chartering
2
ANNUAL
FEBRUARY 2011 – APRIL 2011
Dry Bulk - Chartering
3
Dry Bulk - Chartering
$0,00
$10.000,00
$20.000,00
$30.000,00
$40.000,00
$50.000,00
$60.000,00
$70.000,00
$80.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
C2 TUB /
ROT
C4 RBAY /
ROT
C7 BOL /
ROT
C8 T/A RV
AVG ALL TC
$0,00
$10.000,00
$20.000,00
$30.000,00
$40.000,00
$50.000,00
$60.000,00
$70.000,00
$80.000,00
$90.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
C3 TUB /
PRC
C5 W
AUST /
PRC
C9 CONT /
FE
C10 FE R/V
$0,00
$10.000,00
$20.000,00
$30.000,00
$40.000,00
$50.000,00
$60.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
P1A T/A RV
P2A CONT/FE
Capesize Routes – Atlantic 2010 / 11
Capesize Routes – Pacific 2010 / 11
Panamax Routes – Atlantic 2010 / 11
4
Dry Bulk - Chartering
$0,00
$5.000,00
$10.000,00
$15.000,00
$20.000,00
$25.000,00
$30.000,00
$35.000,00
$40.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
P3A FE R/V
P4 FE/CON
AVG ALL TC
$0,00
$10.000,00
$20.000,00
$30.000,00
$40.000,00
$50.000,00
$60.000,00
$70.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
S1A CON / FE
S1B BSEA / FE
S4A USG / CONT
S4B CONT / USG
S5 WAFR / FE
$0,00
$5.000,00
$10.000,00
$15.000,00
$20.000,00
$25.000,00
$30.000,00
$35.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
S2 FE R/V
S3 FE / CON
S6 FE / INDI
S7 ECI / CHI
AVG ALL TC
Panamax Routes – Pacific 2010 /11
Supramax Routes – Atlantic 2010 /11
Supramax Routes – Pacific 2010 / 11
5
VLCC: Rates for the VLCC market the Middle East Gulf managed to soften again this week, despite the hopes that charterers will
be eager to get prompt coverage for their cargoes. The market In West Africa showed some promise this week as we saw an
increase in enquiries. However the number of ballasters from the East kept rates on previous week’s levels as they created an
ample vessel supply.
Suezmax: Suezmax tankers in West Africa saw a tighter tonnage list along with a number of active charterers pushing demand up.
However rates did not manage to come up and instead maintained their previous stability. The beginning of the week in the Black
Sea proved quite busy with a number of fixtures being concluded. Rates managed to reflect this despite a slight slow down as we
approached the Easter holidays.
Aframax: The sentiment in the Mediterranean and the North Sea continued to be mixed. The week started of strong and
continued strong until mid week. However as the week drove to a close rates came off slightly. Nonetheless some gains were
maintained. In the Arabian Gulf we saw very little change this week as activity was limited while rates did not fluctuate since last
week.
Products: The products market in the Arabian Gulf is seeing some activity. In the beginning of the week rates started off lower,
mid week they reached their highest levels and by the end they softened slightly. The market appears slow in terms of activity in
the Continent however fixtures are being concluded slightly higher of what was recorded last week.
Baltic Indices – Wet Market (*Thursday’s closing values)
Index Week 16 Week 15 Change (%)
BCTI 887 836 6,10
BDTI 839 837 0,24
T/C Rates (1 yr - $/day)
Type Size Week 16 Week 15 Chang (%)
VLCC 300.000 28500 28500 -
Suezmax 150.000 21000 21000 -
Aframax 105.000 16000 16000 -
Panamax 70.000 15500 15500 -
MR 47.000 13500 13500 -
Tanker - Chartering
6
Crude Tanker Average Spot Rates
Type Size (Dwt) Route Week 16
WS
Week 15
WS Change %
280,000 AG – USG 35 40 -12,5
260,000 W.AFR – USG 55 55 - VLCC
260,000 AG – East / Japan 50 53,5 -6,54
135,000 B.Sea – Med 102,5 80 28,13
Suezmax
130,000 WAF – USAC 80 80 -
80,000 Med – Med 95 85 11,76
80,000 N. Sea – UKC 100 80 25
80,000 AG – East 130 130 -
Aframax
70,000 Caribs – USG 125 125 -
Product Tanker Average Spot Rates
Type Size (Dwt) Route Week 16
WS
Week 15
WS Change %
75,000 AG – Japan 125 125 -
55,000 AG – Japan 140 135 3,7
37,000 Caribs – USAC 200 190 5,26
Clean
37,000 Cont – TA 220 190 15,79
50,000 Cont – TA 145 140 3,57
Dirty
50,000 Caribs – USAC 160 152,5 4,92
* Due to Easter holidays there was a limited availability of data.
Tanker - Chartering
7
0
20
40
60
80
100
120
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
AG -
USG
WAFR -
USG
AG
EAST
JAPAN
0
20
40
60
80
100
120
140
160
180
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
B. SEA
- MED
WAF -
USAC
0
50
100
150
200
250
300
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
MED - MED
N.SEA - UKC
AG - EAST
CARIBS USG
VLCC Trading Routes 2010 / 11
Suezmax Trading Routes 2010 / 11
Aframax Trading Routes 2010 / 11
Tanker - Chartering
8
0
50
100
150
200
250
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
AG - JAPAN (75,000)
AG - JAPAN (55,000)
CARIBS - USAC
(38,000)
CONT - TA (37,000)
0
50
100
150
200
250
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
CONT - TA
(50,000)
CARIBS - USAC
(50,000)
Clean Trading Routes – 2010 / 11
Dirty Trading Routes – 2010 / 11
Tanker - Chartering
9
Easter Holiday Spirit
During the previous week, as it was expected, we became witnesses of a very slow market because of the Easter holidays.
The Baltic Indices went even further down, more specifically the BDI was reduced by 30 units, the BCI by 12, the BPI by
113 and the BSI by 8, the only positive sign was the BHSI which showed an increase of 4 units.
The S&P activity has not been very exciting last week but the market is expecting news about the sale of the M/V
“PARADISE ISLAND “ (about 46,000 dwt built Oshima in 2001) for which offers where invited by the previous Wednesday
April 20th
and is expected to set a new price for modern handymaxes, as the last recorded sale of such a vessel was that
of M/V “GRAND GLORY” (about 48.000 dwt, built Sanoyas in 2001) which was reported sold for region USD 25 mill last
December. Furthermore the only reported sale from the previous week was that of the Aframax M/T “DIAMOND QUEEN”
(about 107.261 dwt built Koyo 1998) which was reported sold for USD 18.75 mill to Bakri Navigation of Saudi Arabia
The enquiries were showing a general decrease, which has been explained by a general reduction of about 50% in
numbers. Far eastern buyers, as always, are still the leaders although their volume wasdecreased significantly. Greeks
showed a vast depreciation of approximately 80%, followed by other buyers.
NEWBUILDINGS
12 orders were reported to have been contracted last week for Bulk Carriers ranging from Handysize up to Capesize.
DEMOLITION
In the demolition market there has been some activity from Bangladesh buyers who are trying to purchase many vessels
which they can beach until the next tide, together with the fact that Bangladeshi Environmental Lawyers Association
(BELA) preparing to go to the courts again. In India the story remains the same with some very competitive numbers
being paid; Pakistani buyers are taking a step back while they are satisfied with their recent acquisitions and would not
follow the aggressivity of the Indian buyers. Chinese have firmed their numbers waiting for their competitors to reach
their limits of their beaching capacity for the next tide while quite a few vessels are well positioned in order to be
acquired by Chinese buyers.
Sale & Purchase
10
SHIPTRADE P/E WEEKLY INDEX
0
50
100
150
200
250
300
350
28/9-4/10/2010
5-11/10/2010
12-18/10/2010
19-25/2010
26/10-1/11/2010
2-8/11/2010
9-15/11/2010
16-22/11/2010
23-29/11/2010
30-6/12/2010
7-13/12/2010
14-20/12/2010
21-27/12/2010
28/12-3/12011
4/1-10/1/2011
11/1-17/1/2011
18/1-24/1/2011
25-31/1/2011
1-7/2/2010
8-14/2/2011
15-21/2/2011
22-28/2/2011
01-07/3/2011
08-14/3/2011
15-21/03/2011
22-28/03/2011
29/03-4/4/2011
5/4/-11/4/2011
12-18/4/2011
19-25/4/2011
KOREA CHINA
SPORE GREECE
OTHER SUM
Indicative Market Values – ( 5 yrs old / Mill $ )
Bulk Carriers
Week 16 Week 15 Change %
Capesize 46 46 -
Panamax 31 31 -
Supramax 27 27 -
Handysize 21 21 -
Tankers
VLCC 82 82 -
Suezmax 55 55 -
Aframax 40 40 -
Panamax 34 34 -
MR 26 26 -
Weekly Purchase Enquiries
Sale & Purchase
11
Reported Second-hand Sales
Tankers
Name Dwt DoB Yard SS Engine Hull Price Buyer
Diamond
Queen 107,261 1998 Koyo, JPN 6/2013 SUL DH 18,75
Bakri
Navigation
Sale & Purchase
12
$0,00
$20,00
$40,00
$60,00
$80,00
$100,00
$120,00
$140,00
$160,00
$180,00
Jan
uar
y-0
8
Ma
y-0
8
Sep
tem
ber
-
Jan
uar
y-0
9
Ma
y-0
9
Sep
tem
ber
-
Jan
uar
y-1
0
Ma
y-1
0
Sep
tem
ber
-
Jan
uar
y-1
1
CAPESIZE
PANAMAX
SUPRAMAX
HANDYSIZE
$0,00
$50,00
$100,00
$150,00
$200,00
$250,00
Jan
uar
y-0
8
Ma
y-0
8
Sep
tem
be
r-
Jan
uar
y-0
9
Ma
y-0
9
Sep
tem
be
r-
Jan
uar
y-1
0
Ma
y-1
0
Sep
tem
be
r-
Jan
uar
y-1
1
VLCC
SUEZMAX
AFRAMAX
LR 1
MR
Newbuilding Orders
No Type Dwt / Unit Yard Delivery Owner Price 2 Bulker 176,000 SWS 2012 Dryships 54,2
2 Bulker 47,500 Zhenghe UND Zhoushan Bishenglong Und
4 Bulker 36,000 Samjin 2013 UND UND
2 Bulker 35,000 SPP 2013 Roxana UND
2 Bulker 35,000 Cosco 2012 Sohtorik UND
Newbuilding Prices (Mill $) – Japanese/ S. Korean Yards
Newbuilding Resale Prices
Bulk Carriers
Capesize 55 57
Panamax 36 41
Supramax 31 34,5
Handysize 26 27
Tankers
VLCC 102 102
Suezmax 65 66
Aframax 55 55
Panamax 46 46
MR 36 36
Newbuilding Resale Prices
Bulk Carriers (2008 – Today) Tankers (2008 – Today)
Newbuildings
13
Demolition Prices - Dry Bulk
0
100
200
300
400
500
Nov 09
Dec 09
Jan 10
Feb 10
Mar 10
Apr 10
May 10
June 10
July 10
Aug 10
Sept 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Mar 11
$ / Ldt
Bangladesh China India Pakistan
Demolition Prices - Tankers
0
100
200
300
400
500
600
Jan 10
Feb 10
Mar 10
Apr 10
May 10
June 10
July 10
Aug 10
Sep t 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Mar 11
$ / Ldt
Bangladesh China India Pakistan
Demolition Sales
Vessel Type Built Dwt Ldt Buyer Country Price Nicolas M MV 1980 40,683 9,875 Bangladesh 517
Ducky Sapphire Ro/Ro 1977 15,532 6,377 Bangladesh 500
Setubal Castle MV 1978 29,121 8,218 India 498
Casper MT 1991 12,637 4,274 India 1220/ldt (incl 940 tons stainless)
Jack D MV 1986 98,358 23,848 Pakistan 510
Demolition Prices ($ / Ldt)
Bangladesh China India Pakistan
Dry 485 445 495 490
Wet 515 465 525 520
Demolitions
14
Shipping Stocks
Commodities
Commodity Week 16 Week 15 Change (%)
Brent Crude (BZ) 123,99 122,36 1,33
Natural Gas (NG) 4,412 4,204 4,95
Gold (GC) 1503,2 1485,3 1,21
Coal (CAPP) 78,47 75,57 3,84
Wheat (W) 799,4 744,2 7,42
Dry Bulk
Company Stock Exchange Week 16 Week 15 Change (%)
Baltic Trading Ltd (BALT) NYSE 8,10 8,16 -0,74
Crude Carriers Corp (CRU) NYSE 12,62 14,06 -10,24
Diana Shipping Inc (DSX) NASDAQ 11,18 11,25 -0,62
Dryships Inc (DRYS) NASDAQ 4,62 4,68 -1,28
Euroseas Ltd (ESEA) NASDAQ 4,26 4,29 -0,70
Excel Maritime Carriers (EXM) NYSE 3,90 4,19 -6,92
Eagle Bulk Shipping Inc (EGLE) NASDAQ 3,38 3,48 -2,87
Freeseas Inc (FREE) NASDAQ 2,60 2,54 2,36
Genco Shipping (GNK) NYSE 8,33 8,77 -5,02
Navios Maritime (NM) NYSE 5,16 5,23 -1,34
Navios Maritime PTN (NMM) NYSE 20,91 19,97 4,71
Paragon Shipping Inc (PRGN) NASDAQ 2,79 2,83 -1,41
Star Bulk Carriers Corp (SBLK) NASDAQ 2,31 2,31 -
Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,558 0,561 -0,53
Safe Bulkers Inc (SB) NYSE 8,16 8,12 0,49
Golden Ocean Oslo Bors (NOK) 6,450 6,475 -0,39
Tankers
Capital Product Partners LP (CPLP) NASDAQ 11,15 10,55 5,69
General Maritime (GMR) NYSE 2,12 2,16 -1,85
Omega Navigation Enterprises (ONAV) NASDAQ 0,785 0,718 9,33
TOP Ships Inc (TOPS) NASDAQ 0,709 0,641 10,61
Tsakos Energy Navigation (TNP) NYSE 10,31 10,49 -1,72
Other
Aegean Maritime Petrol (ANW) NYSE 8,82 8,99 -1,89
Danaos Corporation (DAC) NYSE 6,31 6,12 3,10
StealthGas Inc (GASS) NASDAQ 6,20 6 3,33
Rio Tinto (RTP) NYSE 72,83 68,58 6,20
Vale (VALE) NYSE 33,34 31,78 4,91
ADM Archer Daniels Midland (ADM) NYSE 35,65 34,46 3,45
BHP Billiton (BHP) NYSE 101,67 97,35 4,44
Financial Market Data
15
Currencies
Week 16 Week 15 Change (%)
EUR / USD 1,4561 1,443 0,91
USD / JPY 81,89 83,135 -1,50
USD / KRW 1081,15 1088,1 -0,64
USD / NOK 5,367 5,3723 -0,10
Bunker Prices
IFO 380 IFO 180 MGO
Piraeus 650 687 1030
Fujairah 680 705 1050
Singapore 670 681 1030
Rotterdam 648 672 1025
Houston 658 685 -
Port Congestion*
Port No of Vessels
China
Rizhao 103
Lianyungang 16
Zhanjiang 19
India
Chennai 16
Haldia 34
New Mangalore 11
Kakinada 21
Krishnapatnam 6
Mormugao 54
Kandla 33
Mundra 26
Paradip 32
Vizag 85
South America
River Plate 308
Paranagua 81
Praia Mole 20
Aratu 13
* The information above exhibits the number of vessels, of various types and sizes, that are at berth, awaiting anchorage, at
anchorage, working, loading or expected to arrive in various ports of China, India and South America during week 16 of year
2011.
Financial Market Data / Bunker Prices / Port Congestion