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]
November 2010
Monthly Report
0
2000
4000
6000
8000
10000
12000
No
v-0
0
Feb
-01
May
-01
Au
g-0
1
No
v-0
1
Feb
-02
May
-02
Au
g-0
2
No
v-0
2
Feb
-03
May
-03
Au
g-0
3
No
v-0
3
Feb
-04
May
-04
Au
g-0
4
No
v-0
4
Feb
-05
May
-05
Au
g-0
5
No
v-0
5
Feb
-06
May
-06
Au
g-0
6
No
v-0
6
Feb
-07
May
-07
Au
g-0
7
No
v-0
7
Feb
-08
May
-08
Au
g-0
8
No
v-0
8
Feb
-09
May
-09
Au
g-0
9
No
v-0
9
Feb
-10
May
-10
Au
g-1
0
No
v-1
0
Baltic Dry Index
PRICES TANKERS ($ MIO)
2005 2006 2007 2008 2009 Nov-10
VLCC 5Y 117 117,2 136 155,8 78 87.3
VLCC 10Y 90 95,8 114,5 131 59,5 60.6
SUEZMAX 5Y 75,3 81 95,5 106 57 59.8
AFRAMAX 5Y 63 65,3 70 76,8 40,5 43.6
AFRAMAX10Y 53,9 51,8 60 64,7 23,5 28.5
PANAMAX5Y 48,1 55,5 60,4 61 35,5 39
45K 5Y D/H 46,8 47,3 53 52,7 23,5 27
45K 10Y D/H 38 38,9 44,7 43,2 16 19
45K 20Y 10,1 13,2 12,8 16 4 7.5
PRICES BULKERS ($ MIO)
2005 2006 2007 2008 2009 Nov-10
CAPESIZE 5Y 56,8 81,2 148 45,5 54,5 54
CAPESIZE 10Y 38,2 61,8 103 30 45 39.6
CAPESIZE 15Y 28,2 43 88,5 21 28 23.5
CAPESIZE 20Y 18,5 21,3 60 79 16,5 14
PANAMAX 5Y 29,4 45,4 89 25,5 35 38.9
PANAMAX 10Y 23,8 37 71,5 19 27,5 30.6
PANAMAX 15Y 18,5 27,7 61 12,5 22 22.8
PANAMAX 20Y 10,6 16,1 44 9,2 12 14
SUPRAMAX 5Y 25,4 40 74,5 24 27,5 32.7
HANDYMAX10Y 20,7 32 60,5 18,2 22 25.2
HANDYMAX15Y 16,5 22,1 46 13 17,5 20.5
HANDYMAX20Y 10,1 15,4 36 7,4 11 12.5
ATHENIAN SHIPBROKERS S.A.
2
*Excluding demolition sales
Sale and Purchase Market - Second Hand units
Ship Type Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Total
BULK 45 31 32 52 53 73 286
TANK 13 22 23 21 29 40 148
GAS 2 1 1 0 2 11 17
CONT 16 14 3 18 12 13 76
TWEEN 1 1 3 6 0 4 15
REEF 0 1 1 0 1 1 4
RORO 3 3 2 2 0 5 15
FERRY 1 1 1 3 1 3 10
CRUISE 0 0 1 0 0 0 1
Total 81 74 67 102 98 150 572
127
36
122
29
0
40
80
120
160
THIS MONTH - PREVIOUS MONTH
S&P Activity - Tankers(<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH AV/BLE
PREVIOUS MONTH SALES
371
73337
51
0
100
200
300
400
500
600
THIS MONTH - PREVIOUS MONTH
S&P Activity Dry(<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH AV/BLE FOR SALE"
PREVIOUS MONTH SALES
Second Hand Tonnage Market
ATHENIAN SHIPBROKERS S.A.
3
TANKER SALES
893
692 644
826
637
400
500
600
700
800
900
1000
48 51 2 5 8 11 14 17 20 23 26 29 32 35 38 41 44 47
WEEK NO
Baltic Clean Tanker - Yearly
2009 2010
780
1195
931
1110
777
733
550
650
750
850
950
1050
1150
1250
48 51 2 5 8 11 14 17 20 23 26 29 32 35 38 41 44 47
WEEK NO
Baltic Dirty Tanker - Yearly
2009 2010
595
703
731
560
610
660
710
760
01/11/2010 08/11/2010 15/11/2010 22/11/2010 29/11/2010
Baltic Clean Tanker - Monthly
775
830
882
843 838
720
770
820
870
01/11/2010 08/11/2010 15/11/2010 22/11/2010 29/11/2010
Baltic Dirty Tanker - Monthly
NAME DWT BLT PRICE $ BUYER
SAN GIORGIO 4661 1997 SINGAPORE DH 5 MIO SAUDI ARABIAN BASED
TRANS VIK 4739 1991 DENMARK DH * ENBLOC BSS▼
TRANS SUND 4794 1991 DENMARK DH 11 MIO GAZPROM, RUSSIA
PAN AGILITY 4836 2005 TURKEY DH 7.3 MIO GREEK
FORTH BRIDGE 5800 1992 GR. BRITAIN DH 2 MIO UNDISCLOSED
GOLDEN EMERALD 6436 2008 CHINA DH 6 MIO GREEK (AUCTION IN HONG KONG)
SUNRISE ROSA 8626 2004 JAPAN DH 11 MIO KOREAN
GOLDEN KAORI 9224 1998 JAPAN DH 5.5 MIO INDONESIAN
GOLDEN ELIZABETH 16322 1997 JAPAN DH 7.5 MIO EUROPEAN
VENUS 7 16933 1986 JAPAN DH 1.36 MIO UNDISCLOSED
CHEM TAURUS 19399 2000 JAPAN DH 15 MIO UNDISCLOSED
GOLDEN CHARLOTTE 19717 2006 JAPAN DH * ENBLOC BSS▼
GOLDEN IVY 23324 2008 JAPAN DH * ENBLOC BSS▼
GOLDEN LEGEND 23432 2009 JAPAN DH 90 MIO NORWEGIAN BUYERS
STOLT NANAMI 19932 2003 JAPAN DH 22.5 MIO MTMM , SINGAPORE
STOLT STRENGHT 33209 2005 JAPAN DH * ENBLOC BSS▼
STOLT GLORY 33302 2005 JAPAN DH 69 MIO STOLT NIELSEN, NORWAY
BOW CENTURY 37438 2000 NORWAY DH * ENBLOC BSS▼
BOW FAVOUR 37467 2001 NORWAY DH 105 MIO STOLT NIELSEN, NORWAY
MOUNT MCKINNEY 39997 2004 JAPAN DH 24.9 MIO UNDISCLOSED
TRUST RUNNER 47059 1992 KOREA DH 8 MIO UNDISCLOSED
SLS SHIPBUILDING 496 49700 2010 KOREA DH 38 MIO EGYPTIAN
SKIROPOULA 68232 1995 UKRAIN DH 12 MIO DUBAI BASED
SAGAMORE 68536 1991 JAPAN DH 7.4 MIO UNDISCLOSED
SUMMIT ASIA 73410 2009 CHINA DH 43.4 MIO NORWEGIAN (INCL 7 YRS TC BACK)
ATHENIAN SHIPBROKERS S.A.
4
TANKER SALES
NAME DWT BLT PRICE $ BUYER
GENMAR ALEXANDRA 102262 1992 JAPAN DH 11.5 MIO UNDISCLOSED PRISCO MIZAR 166468 2007 KOREA DH 67 MIO MINERVA MARINE, GREECE PRISCO ALCOR 166546 2007 KROEA DH 67 MIO MINERVA MARINE, GREECE PACIFIC SUPERIOR 269605 1994 JAPAN 16.5 MIO UNDISCLOSED ALPHARD STAR 301858 1995 DENMARK * ENBLOC BSS▼ SUHAIL STAR 301862 1994 DENMARK 54 MIO OGX PETROLEUM, BRAZIL (FOR CONVERSION) PACIFIC LAGOON 305839 1999 JAPAN DH 55 MIO GRAND CHINA TANKERS, CHINA
GAS SALES
NAME DWT BLT CBM PRICE $ BUYER
JOYAMA 49999 1986 JAPAN 80863 10 Mio UNDISCLOSED KINNA 3239 1989 KOREA 3932 3.2 Mio LUCKY MARINE, THAILAND LADY BARBARA 3953 1990 JAPAN 3444 3.5 Mio UNDISCLOSED SUNWAY 48980 1991 JAPAN 78476 14 Mio UNDISCLOSED NOTO GLORIA 49412 1992 JAPAN 75203 15 Mio SIAM GAS, THAILAND ORIENTAL SKY 3235 1995 JAPAN 3138 5.2 Mio KOREAN
IRIS GLORY 54707 2008 KOREA 83872 * ENBLOC BSS▼ THETIS GLORY 54789 2008 KOREA 81992 * ENBLOC BSS▼ VENUS GLORY 54474 2008 KOREA 83000 72 Mio AVANCE GAS, NORWAY
2895036300
120003500
13500
23500
33500
43500
53500
63500
73500
Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10
$/D
ay
Spot Market - TankersVLCC
SUEZMAX
AFRAMAX
3100026000
18000
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
ATHENIAN SHIPBROKERS S.A.
5
BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
SIROCCO 5196 1997 CHINA CR 2X40 2.7 Mio UNDISCLOSED
ARTNE 6262 1992 JAPAN CR 2X25 * ENBLOC BSS▼ CIC BELEM 6262 1992 JAPAN CR 2X25 6 Mio INDIAN
YASEMIN 6830 1996 JAPAN CR 2X15 4 Mio UNDISCLOSED LEHMANN FORESTER 8500 2008 CHINA CR 2X35 4.23 Mio UNDISCLOSED ID HARMONY 23712 1995 JAPAN CR 4X25 14.5 Mio UNDISCLOSED LADYTRAMP 24765 2001 CHINA CR 4X30 15 Mio GREEK
GLOBAL DIAMOND 24834 1997 JAPAN CR 4X31 13.5 Mio TAIWANESE INCL TCB
FR 4+1YRS AT $10K PD ROYAL CRYSTAL 24872 1984 JAPAN CR 4X25 6.25 Mio CHINESE SANTA CHRISTINA 25378 1996 JAPAN CR 4X30 13.8 Mio UNDISCLOSED IDEFIX BULKER 27348 1996 CHINA CR 4X30 15.5 Mio UNDISCLOSED
JAG VIKRAM 27463 1980 JAPAN CR 4X25, CR
1X15 3 Mio UNDISCLOSED
BRAZILIAN CONFIDENCE 27939 1985 JAPAN CR 3X25 7.2 Mio UNDISCLOSED
ELIKON 28234 1980 JAPAN CR 5X15 3.1 Mio FAREASTERN AGIOS MINAS 29002 1981 JAPAN CR 5X25 4.1 Mio CHINESE ARGUS 29099 1984 JAPAN CR 4X25 6.5 Mio TURKISH ORIENT SAORI 30835 1997 JAPAN CR 4X30 19.5 Mio NEGMAR, TURKEY VOYAGER 33347 1985 JAPAN CR 4X25 8.5 Mio UNDISCLOSED SHINAN H1008 34000 2010 JAPAN CR 4X25 32.5 Mio KOREAN
887828
796
600650700750800850900950
100010501100
01/11/2010 08/11/2010 15/11/2010 22/11/2010 29/11/2010
Baltic Handysize
2
1628
1532
1389
1443
1300
1400
1500
1600
1700
1800
01/11/2010 08/11/2010 15/11/2010 22/11/2010 29/11/2010
Baltic Supramax
2
2287
2432
2038
2330
1500
1700
1900
2100
2300
2500
2700
2900
01/11/2010 08/11/2010 15/11/2010 22/11/2010 29/11/2010
Baltic Panamax
4
4011
3612
3593
3095
2000
2500
3000
3500
4000
4500
5000
01/11/2010 08/11/2010 15/11/2010 22/11/2010 29/11/2010
Baltic Capesize
44 4438
ATHENIAN SHIPBROKERS S.A.
6
NORTHERN DANCER 35000 2010 CHINA CR 4X30 * ENBLOC BSS▼ RAINBOW QUEST 35000 2010 CHINA CR 4X30 * ENBLOC BSS▼ LAST TYCOON 35000 2011 CHINA CR 4X30 * ENBLOC BSS▼
SHANHAIGUAN 035 35000 2011 CHINA CR 4X30 112 Mio NAVIBULGAR, BULGARIA
HYUNDAI MIPO 6018 37000 2011 KOREA CR 4X30 29 Mio GREEK FEROI 37092 1983 JAPAN CR 5X25 6.3 Mio UNDISCLOSED IONIAN WIND 37925 1984 JAPAN CR 4X25 8.5 Mio GREEK EAST SUNRISE GUANGZHOU
38030 1984 JAPAN CR 4X25 7.5 Mio UNDISCLOSED
PAMAKARISTOS 38398 1986 JAPAN CR 4X25 10.5 Mio UNDISCLOSED INCL
TC TILL 6/2011 AT USD 15.000PD
SILKY OCEAN 45665 1995 JAPAN CR 4X25 21.6 Mio GREEK NEW ETERNITY 45741 1994 JAPAN CR 4X25 20.5 Mio GREEK SAMMI SUPERSTARS 47208 1983 KOREA CR 4X25 6.1 Mio CHINESE C. S. FORTUNE 47305 2002 JAPAN CR 4X30 29 Mio GREEK SYRENA 48139 1997 POLAND CR 4X35 21.5 Mio BANGLADESHI NORD BRAVE 53529 2007 JAPAN CR 4X30.5 37 Mio VOSCO, VIETNAM MEDI CORK 53552 2004 JAPAN CR 4X30.5 33 Mio VOSCO, VIETNAM DELMAR 53565 2006 CHINA CR 4X30 25 Mio UNDISCLOSED
MATUMBA 53591 2005 CHINA CR 4X35 25 Mio UNDISCLOSED INCL
TC TILL EARLY 2012 AT USD 16.000PD
DELFA 53594 2005 CHINA CR 4X35 25 Mio UNDISCLOSED INCL
TC TILL EARLY 2012 AT USD 16.000PD
CHANE NAVIGATOR 55000 2010 CHINA CR 4X36 30 Mio FAREASTERN
ZHEJIANG ZHENGHE 1019 57000 2010 CHINA * ENBLOC BSS▼
ZHEJIANG ZHENGHE 1020 57000 2010 CHINA 61 Mio NORWEGIAN INCL TC
FR 10 YRS STEFANIA 64848 1981 JAPAN 6.2 Mio CHINESE BRIGHT ZHEJIANG 67281 1983 GR BRITAIN 6.2 Mio CHINESE
MERCURY K 72421 1997 JAPAN 27 Mio TRADA MARITIME, INDONESIA
ETOILE 72424 1997 JAPAN 27 Mio INDONESIAN MARITIME WISDOM 73657 1993 JAPAN CR 4X30 22 Mio CHINESE GOLDEN SHADOW 73732 1997 JAPAN 26.7 Mio NORSUL, BRAZIL
RUBY STREAM 76728 2005 JAPAN 38 Mio ODYSEA CARRIERS, GREECE
ENERGY TRADE 77679 1998 JAPAN 25 Mio INDIAN
TORM TRADER 82181 2010 JAPAN * ENBLOC BSS▼ TORM ISLAND 82194 2010 JAPAN 90 Mio UNDISCLOSED
BENEDETTA D'AMATO 92500 2010 CHINA 46 Mio FAREASTERN INCL TC
FR 83-86 MOS AT USD 21.000PD
PEACE VOYAGE 93000 2010 CHINA 42 Mio UNDISCLOSED
PB EAGLE 94191 1992 JAPAN 18.5 Mio GREEK INCL TC TILL 6-
7/2011 AT USD 16.800PD SONGA PEAK 151418 1990 JAPAN 20 Mio UNDISCLOSED IRON BROTHERS 151511 1991 JAPAN 19 Mio UNDISCLOSED KWK GENESIS 168404 1996 KOREA 28 Mio GREEK GOLDEN CHANGI 170500 2011 KOREA 61 Mio KOREAN CASTILLO DE SAN JUAN 173329 1990 BRAZIL 18 Mio CHINESE
GOLDEN QUEEN 175918 2010 CHINA 84.9 Mio SALAMON, GERMANY
ATHENIAN SHIPBROKERS S.A.
7
BLUE ANNAPURNA 180000 2010 CHINA 63.5 Mio GREEK
CARPE DIEM I 181756 1985 JAPAN 15 Mio WINNING SHIPPING, CHINA
HEBEI WISDOM 182212 1986 JAPAN 14 Mio UNDISCLOSED
CONTAINERS SALE
NAME DWT BLT GEAR TEU PRICE $ BUYER
XIN HAI YUAN 8616 1984 JAPAN GLESS 450 1.8 MIO MALAYSIAN VSICO PROMOTE 8516 1999 JAPAN CR 2X36 566 7 MIO SINOKOR, KOREA SIAM 1 15628 1996 JAPAN GLESS 1008 8 MIO FAREASTER CARAVELLE 14643 1996 GERMANY CR 2X45 1122 8.6 MIO UNDISCLOSED ORIENTAL BRIGHT 17468 1996 JAPAN CR 2X35 1228 9.5 MIO UNDISCLOSED
HARMONY 21480 1994 KOREA CR 2X40, CR 1X10
1645 10.5 MIO S. AMERICAN
NORDSTAR 23007 1998 POLAND CR 3X45 1728 14 MIO UNDISCLOSED
POSITANO 22878 1996 POLAND CR 3X40 1730 39.9 MIO HAMMONIA, GERMANY (INCL 2 YRS
TC. DELY 4/2011)
FRISIA KIEL 33847 2004 GERMANY CR 3X45 2478 36 MIO UNDISCLOSED (DELY
1Q/2011) COSCO KARACHI 38104 2005 GERMANY 2702 36 MIO UNDISCLOSED
CMA CGM TELOPEA 37125 2007 POLAND CR 3X45 2785 37.5 MIO EUROMAR, GREECE (INCL TC TILL 3-4/2011)
NORDIC WARNEMUENDE 163
38670 2011 GERMANY 2790 39.9 MIO HAMMONIA, GERMANY (INCL 2 YRS
TC. DELY 4/2011)
CLIFTON BRIDGE 47539 1988 JAPAN 3720 8.1 MIO GOLDENPORT, GREECE
REEF SALE
NAME DWT BLT CBTF PRICE $ BUYER
WILSON EXPRESS 5864 1983 NORWAY 319989 3.6 MIO WILSON ASA, NORWAY
ATHENIAN SHIPBROKERS S.A.
8
RORO SALES
NAME GT BLT LANEMTRS/CARS PRICE $ BUYER
MAGOSA 1890 1974 SPAIN 300 LM/114 CARS 0.7 MIO UNDISCLOSED KANO 3641 1972 GERMANY 340 CARS 2.96 MIO UNDISCLOSED KANO II 5877 1978 DENMARK 1028 LM/450CARS 2.8 MIO UNDISCLOSED
WEST EXPRESS 9368 1978 NORWAY 1272 LM/ 56 CARS 1.4 MIO TURKISH (FOR
CONVERSION)
27700
14000
0
10000
20000
30000
40000
50000
60000
70000
Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10
$/D
ay
Spot Market - BulkersCAPESIZE
PANAMAX
HANDYMAX
30000
20500
15000
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10
$/D
ay
Period Market - Bulkers 1 Year T/CCAPESIZE
PANAMAX
HANDYMAX
44
ATHENIAN SHIPBROKERS S.A.
9
Dry Bulk Orderbook
Ship Type 2010 (deliv) 2010 2011 2012 2013 2014 2015+ Total
VLOC 18 6 42 41 14 1 0 104
Capesize 151 41 252 108 39 3 1 444
Small Cape 71 18 182 67 13 0 0 280
Panamax 86 54 276 280 74 10 0 694
Supramax 252 111 390 231 50 1 0 783
Handys 191 92 314 157 40 6 0 609
Total 769 322 1456 884 230 21 1 2914
Tanker Orderbook
Ship Type 2010 (deliv) 2010 2011 2012 2013 2014 2015+ Total
ULCC/VLCC 59 13 77 63 32 9 0 194
Suezmax 32 16 56 57 21 4 0 154
Aframax 62 14 78 50 9 3 0 154
Panamax 30 6 41 17 10 2 0 76
MR 95 32 112 68 9 0 0 221
Handy 19 7 27 10 2 1 0 47
Total 297 88 391 265 83 19 0 846
LPG Tank Orderbook
Ship Type 2010 (deliv) 2010 2011 2012 2013 2014+ Total
VLGC 8 1 3 2 2 0 8
LGC 0 0 0 0 0 0 0
MR 3 0 6 2 0 0 8
Handy 9 2 8 9 10 1 30
Small 28 22 30 8 2 3 65
Total 48 25 47 21 14 4 111
36.5
0
20
40
60
80
100
120
140
160
Nov-08 Mar-09 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10
$m
Tanker Prices VLCC Suezmax
Aframax MR
105.51
57
67
5
3
0
10
20
30
40
50
60
70
80
90
100
Nov-08 Mar-09 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10$m
Bulker Prices Capesize Panamax
Handymax Handysize
57.3
34.5
31
26.5
New building Market and Reported Contracts
ATHENIAN SHIPBROKERS S.A.
10
398
80
191
931
191
857
179
7
112
0
100
200
300
400
500
600
700
800
900
1000
2008 2009 Nov-10
No
. of
Ve
ss
els
Newbuilding Sales Tankers >10,000 dwt
Bulkers >10,000 dwt
Containerships
61,8
23,7
15,9
6,1
19,3
0
10
20
30
40
50
60
70
30/11/2010
m. d
wt
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products129,5
71,9
45,1
26,8
0
20
40
60
80
100
120
140
30/11/2010
m. d
wt
Bulker Newbuildings on Order Capesize Panamax
Handymax Handysize
31,2
120,3 121,3
14,6
61,3
52,7
0
20
40
60
80
100
120
140
Nov-10 2011 2012+
m. d
wt
Delivery Schedule Bulkers >10,000 dwt.
Tankers >10,000 dwt
Newbuilding Historical Prices ($m)
Tankers 2010 2009 2008 2007 2006 2005 2004 2003 2001 1995 1990 1988 1985
310,000 DWT1 105.7 97.5 150 145 130 120 108 77.1 69.9 85.3 87.4 70.1 238.2
170,000 DWT1 66.8 61 90 90 80 71.5 71 51.4 46.3 54 66.1 44.8 228.2
110,000 DWT1 56 49.5 74 72 65.5 58 60 41.4 36.3 43.3 53.2 235.2 218.1
47,000 DWT1 35.9 35 46.5 52 47 43 39 31.4 26.2 33.2 332.1
325.2
313.3
Bulkers
180,000 DWT1 57.6 55.5 87 96 67 58.5 64.5 48.2 35.8 42.3 60.2 42.1 29.3
73,000 DWT1 34.5 34.5 45.5 54 39.5 36 37 27.1 20.3 27.9 30 25.1 13.4
45,000 DWT 30.8 29 41 47.5 37 31 30 24.1 18.4 24.1 25.3 23.1 12.4
29,000 DWT 26.5 24.5 31 34 27.5 25.5 24 18.1 14.2 19.2 21.3 18.4 9.7
1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,0000 respectively for tankers and 150,000 - 69,000 for Bulkers
2 Single Hull 3 30,000 DWT
(note: above is for vessels built Japan / Korea, you should also consider US$ / Yen relation for the years mentioned)
ATHENIAN SHIPBROKERS S.A.
11
The Shipbuilding Market
TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
Bulk 34500 Zhejiang Yangfan 2012 John T.Essberger
Bulk 34500 Zhejiang Yangfan 2012 John T.Essberger
Bulk 35000 Jiangmen Nanyang 2012 25.5 Mio Pacific Basin Shpg.
Bulk 35000 Jiangmen Nanyang 2012 25.5 Mio Pacific Basin Shpg.
Bulk 35000 Jiangmen Nanyang 2012 25.5 Mio Pacific Basin Shpg.
Bulk 35000 Jiangmen Nanyang 2012 25.5 Mio Pacific Basin Shpg.
Bulk 35000 Zhejiang Yangfan 2013 26 Mio Cobelfret N.V.
Bulk 35000 Zhejiang Yangfan 2013 26 Mio Cobelfret N.V.
Bulk 35000 Jiangmen Nanyang 2013 25.5 Mio Pacific Basin Shpg.
Bulk 35000 Jiangmen Nanyang 2013 25.5 Mio Pacific Basin Shpg.
Bulk 35000 Jiangmen Nanyang 2013 25.5 Mio Pacific Basin Shpg. Option
Bulk 35000 Jiangmen Nanyang 2013 25.5 Mio Pacific Basin Shpg. Option
Bulk 36000 Hyundai Mipo 2012 Daiichi Chuo
Bulk 56000 Hyundai Mipo 2012 Ray Shipping
Bulk 56000 Hyundai Mipo 2012 Ray Shipping
Bulk 56000 Hyundai Mipo 2013 Ray Shipping
Bulk 56000 Hyundai Mipo 2013 Ray Shipping
Bulk 57000 COSCO Dalian Apr-12 Unknown
Bulk 57000 COSCO Dalian Sep-12 Unknown
Bulk 57000 COSCO Dalian Mar-13 Unknown
Bulk 58100 Tsuneishi Zhoushan 2013 32.85 Mio Pacific Basin Shpg.
Bulk 59800 Hyundai Vinashin Jan-12 Hyundai M.M.
Bulk 59800 Hyundai Vinashin Feb-12 Hyundai M.M.
Bulk 76000 Jiangnan SY Group May-12 China Shpg. Tramp
Bulk 81200 Dalian Shipbuilding Oct-12 Haibo Shipping
Bulk 81700 Wuchang S.Y. 2012 34 Mio Guangxi Beibu
Bulk 81700 Wuchang S.Y. 2012 34 Mio Guangxi Beibu
Bulk 81700 Wuchang S.Y. 2013 34 Mio Guangxi Beibu Option
Bulk 81700 Wuchang S.Y. 2013 34 Mio Guangxi Beibu Option
Bulk 82000 Beihai Shipyard Sep-12 34.5 Mio First S.S.
Bulk 82000 Beihai Shipyard Sep-12 34.5 Mio First S.S.
Bulk 82000 Beihai Shipyard Feb-13 34.5 Mio First S.S. Option
Bulk 82000 Beihai Shipyard Feb-13 34.5 Mio First S.S. Option
Bulk 95000 Imabari S.B. 2014 Nippon Yusen Kaisha
Bulk 95000 Imabari S.B. 2014 Nippon Yusen Kaisha
Bulk 95000 Imabari S.B. 2015 Nippon Yusen Kaisha
Bulk 105000 Oshima S.B. Co. 2014 Kawasaki Kisen
Bulk 105000 Oshima S.B. Co. 2014 Kawasaki Kisen
Bulk 180000 Hyundai H.I. 2012 Densa Shipping
Bulk 180000 Hyundai H.I. 2012 Densa Shipping Option
Bulk 180000 Shanghai Jiangnan Nov-12 53.08 Mio China Shpg. Tramp
Bulk 180000 Shanghai Jiangnan Nov-12 53.08 Mio China Shpg. Tramp
Bulk 180000 Dalian Shipbuilding Nov-12 Haibo Shipping
Bulk 180000 Shanghai Jiangnan Dec-12 53.08 Mio China Shpg. Tramp
Bulk 180000 Shanghai Jiangnan Dec-12 53.08 Mio China Shpg. Tramp
Bulk 180000 Dalian Shipbuilding Feb-13 Haibo Shipping
Bulk 207000 Daehan S.B Mar-12 63.5 Mio Golden Flame Shpg.
Bulk 207000 Daehan S.B Apr-12 63.5 Mio Golden Flame Shpg.
Cont 11850 Zhejiang Yangfan 2013 18.10 Mio Shandong Int. Trans. 1100 Teu
Cont 11850 Zhejiang Yangfan 2013 18.10 Mio Shandong Int. Trans. 1100 Teu
Cont 11850 Zhejiang Yangfan 2013 18.10 Mio Shandong Int. Trans. 1100 Teu
Cont 11850 Zhejiang Yangfan 2013 18.10 Mio Shandong Int. Trans. 1100 Teu
Cont 11850 Zhejiang Yangfan May-12 18.10 Mio Shandong Int. Trans. 1100 Teu
Cont 11850 Zhejiang Yangfan Aug-12 18.10 Mio Shandong Int. Trans. 1100 Teu
Cont 11850 Zhejiang Yangfan Nov-12 18.10 Mio Shandong Int. Trans. 1100 Teu
ATHENIAN SHIPBROKERS S.A.
12
The Shipbuilding Market
TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
Cont 12000 Dae Sun S.B. Nov-11 Shandong Int. Trans. 953 Teu
Cont 12500 Dae Sun S.B. Aug-12 Shandong Int. Trans. 1040 Teu
Cont 12500 Dae Sun S.B. Nov-12 Shandong Int. Trans. 1040 Teu
Cont 41500 Shanghai S.Y. 2012 51 Mio Nile Dutch Africa 3500 Teu
Cont 41500 Shanghai S.Y. 2012 51 Mio Nile Dutch Africa 3500 Teu
Cont 41500 Shanghai S.Y. 2012 51 Mio Nile Dutch Africa 3500 Teu
Cont 41500 Shanghai S.Y. 2012 51 Mio Nile Dutch Africa 3500 Teu
Cont 45000 SPP Plant & S/B 2013 53 Mio Metrostar Management 3500 Teu
Cont 45000 SPP Plant & S/B 2013 53 Mio Metrostar Management 3500 Teu
Cont 45000 SPP Plant & S/B 2013 53 Mio Metrostar Management 3500 Teu
Cont 45000 SPP Plant & S/B 2013 53 Mio Metrostar Management 3500 Teu
Cont 45000 SPP Plant & S/B 2014 53 Mio Metrostar Management 3500 Teu
Cont 45000 SPP Plant & S/B 2014 53 Mio Metrostar Management 3500 Teu
Cont 46000 HHIC-Phil Inc. 2013 Delfis N.V. 3800 Teu
Cont 46000 HHIC-Phil Inc. 2013 Delfis N.V. 3800 Teu
Cont 46000 HHIC-Phil Inc. 2013 Delfis N.V. 3800 Teu
Cont 46000 HHIC-Phil Inc. 2013 Delfis N.V. 3800 Teu
Cont 46000 HHIC-Phil Inc. 2013 Delfis N.V. 3800 Teu
Cont 46000 HHIC-Phil Inc. 2013 Delfis N.V. 3800 Teu
Cont 46000 HHIC-Phil Inc. 2013 Delfis N.V. 3800 Teu
Cont 46000 HHIC-Phil Inc. 2013 Delfis N.V. 3800 Teu
Cont 50000 Sungdong S.B. Sep-12 Unknown 3600 Teu
Cont 50000 Sungdong S.B. Dec-12 Unknown 3600 Teu
Cont 80000 STX Shipbuild. 2013 Shpg. Corp. of India 6500 Teu
Cont 80000 STX Shipbuild. 2013 Shpg. Corp. of India 6500 Teu
Cont 80000 STX Shipbuild. 2013 Shpg. Corp. of India 6500 Teu
Cruise Meyer Werft 2013 850 Mio Norw. Cruise Lines
Cruise Meyer Werft 2014 850 Mio Norw. Cruise Lines
Diving Spt ABG Shipyard 2012 65 Mio Halul Offshore
Gcargo 2500 Highspeed S.B. 2012 Shun Shine
Gcargo 2500 Highspeed S.B. 2012 Shun Shine
Gcargo 2500 Highspeed S.B. 2012 Shun Shine
Jackup Drill ABG Shipyard Jan-14 220 Mio M/s Drilling
Jackup Drill ABG Shipyard Jan-14 220 Mio M/s Drilling
MPP 20000 Hudong Zhonghua Jun-12 Beluga Shpg. GmbH 900 Teu
MPP 20000 Hudong Zhonghua Nov-12 Beluga Shpg. GmbH 900 Teu
MPP 20000 Hudong Zhonghua Mar-13 Beluga Shpg. GmbH 900 Teu
MPP 20000 Hudong Zhonghua Jul-13 Beluga Shpg. GmbH 900 Teu
Ore 300000 Universal S.B. 2012 Mitsui O.S.K. Lines
Ore 300000 Universal S.B. 2013 Mitsui O.S.K. Lines
Pass/Car F. STX Finnyards 2013 337.39 Mio Viking Line Abp
Pass/Car F. Remontowa 2013 36.5 Mio Torghatten Trafikk.
Pass/Car F. Remontowa 2013 36.5 Mio Torghatten Trafikk.
Pass/Car F. Remontowa 2013 36.5 Mio Torghatten Trafikk.
Pass/Car F. Remontowa 2013 36.5 Mio Torghatten Trafikk.
Pass/Car F. STX Finnyards 2014 337.39 Mio Viking Line Abp Option
Tanker 112000 Hyundai H.I. 2012 A.M.P.T.C.
Tanker 112000 Hyundai H.I. 2013 A.M.P.T.C.
Tanker 157000 Jiangsu Rongsheng 2013 Central Mare
Tanker 157000 Jiangsu Rongsheng 2013 Central Mare
Tanker 157000 Jiangsu Rongsheng 2013 61 Mio Top Ships Inc.
Tanker 157000 Jiangsu Rongsheng 2013 61 Mio Top Ships Inc.
Tanker 157000 Jiangsu Rongsheng 2014 Central Mare Option
Tanker 157000 Jiangsu Rongsheng 2014 Central Mare Option
Tanker 164730 Hyundai Samho 2012 Goulandris Bros.
Tanker 164730 Hyundai Samho 2012 Goulandris Bros.
ATHENIAN SHIPBROKERS S.A.
13
Demolition Market
Demolition historical average prices
380 378413 440
383 387 415 425 432 437 448
180230280330380430480530580630680730780830880
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
$
Tankers 2007 20082009 2010
350 355393 411
337 357 380 393 402 410 423
180230280330380430480530580630680730
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
$
Bulkers2007 2008
2009 2010
13,427
28,6526,9
3825,6
14,54,9
2,354,6
3,815,9
16,718,9
15,518
15,625
30,522,4
28,428,5
2710
5,56,5
512
28,924
0 5 10 15 20 25 30 35 40
198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010
Million dwt
Year
Total Demolition
Demolition Prices
Gen Cargo Tanker
India USD 440 /lt Ldt USD 465/lt Ldt
Bangladesh N/A N/A
Pakistan USD 430 /lt Ldt USD 460/lt Ldt
China USD 400 /lt Ldt USD 420/lt Ldt
ATHENIAN SHIPBROKERS S.A.
14
India
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK GOLDEN LINE 8 6485 1982 2078 385 BULK SOUTHERN ARROW 6549 1984 2014 385 BULK OCEAN BEAUTY 24740 1977 6537 400 BULK STAG 27348 1978 6837 403 BULK JIANMAO 1 127907 1981 20109 405 BULK HS PIONEER 145229 1982 23620 410 PCC SUIJIN 17328 1984 12500 400
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
RORO SPLIT 1700 1118 1966 3551 450 RORO ANCONA 1950 1966 6362 450 RORO DUCKY SYMPHONY 6906 1979 5669 430 TANK IMAN 6237 1986 3163 465 TANK STAR ORION 7089 1985 2305 445 TANK CM SPIRIT 27726 1970 6402 468 Enbloc with MT Phoenix, Torrent
TANK MT PHOENIX 29999 1977 7430 468 Enbloc with CM Spirit, Torrent
TANK TORRENT 15767 1975 3809 468 Enbloc with CM Spirit, MT Phoenix
TANK BOW PANTHER 39422 1986 9536 478
TANK ANNOULA 40490 1982 9749 450 TANK SOUTHWAY 152412 1988 21200 465 TANK SHINYO ALLIANCE 248034 1991 29264 445 GAS BERGE RACINE 63254 1985 460 Incl 70 tonnes St.St. REEF SKIER STAR 12475 1981 7610 440
REEF STORM BAY 11720 1983 6384 420 Asis Fujairah
REEF BALAKLAVA II 3200 1978 3200 428
BULK OCEAN EXPRESS 2250 1978 1045 390
BULK MIKUE 7909 1980 2458 BULK BASIL 76440 1983 14158 435 BULK STAR CARRIER 35218 1983 9170 455 BULK PHUC HAI MOON 34227 1979 7732 435 CONT MSC VOYAGER 36433 1980 468
ATHENIAN SHIPBROKERS S.A.
15
Other
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK PERLA ADIB 10890 1976 3500 310 TURKEY BULK POLYHRONIS 37648 1980 9784 UNDISCLOSED TANK OCEAN POWER 127800 1983 21415 470 BANGLADESH
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
TANK SEA PRINCE I 31000 1981 7760 470 TANK NIKI 39989 1988 8300 477 Asis Fujairah TANK SWAT 86593 1985 15463 468
RORO ASTRO VENUS 12464 1982 9508 455 Asis Aqaba. Incl 900tns ROB
BULK MAHA VIDYA 27451 1977 6542 455 TWEEN BOLAN 18145 1980 5635 448
ATHENIAN SHIPBROKERS S.A.
16
GBP CAD EUR JPY CHF USD
AUD
GBP 1 0.628 0.8376 0.007654 0.6394 0.6416 0.6172
CAD 1.593 1 1.3342 0.012191 1.0184 1.0218 0.983
EUR 1.1941 0.7498 1 0.009138 0.7634 0.766 0.7369
JPY 130.69 82.0676 109.459 1 83.558 83.8362 80.6515
CHF 1.5643 0.9823 1.3102 0.011972 1 1.0035 0.9654
USD 1.5589 0.9789 1.3057 0.01193 0.9967 1 0.962
AUD
1.6208 1.0177 1.3575 0.012403 1.0362 1.0397 1
* Values 02/12/2010
80
85
90
95
100
105
110
115
0,00
0,20
0,40
0,60
0,80
1,00
1,20
1,40
1,60
1,80
01/12/09 01/02/10 01/04/10 01/06/10 01/08/10 01/10/10 01/12/10
CurrenciesUSD-EURO
USD-YEN
0
20
40
60
80
100
01/12/09 01/02/10 01/04/10 01/06/10 01/08/10 01/10/10 01/12/10
$/B
arr
el
Brent Oil
Market Indicators
ATHENIAN SHIPBROKERS S.A.
17
Stock Watch
NAME TICKER THIS
MONTH* LAST
MONTH CHANGE % 52w HIGH 52w LOW
NewLead Holdings NEWL 2.58 3.96 -34.8 13.2 2.47
Capital Product Partners
CPLP 8.41 8.85 -5 10.06 5.31
Diana Shipping DSX 13.49 13.65 -1.2 16.62 10.75
Dryships DRYS 5.17 4.12 25.5 6.95 3.28
Eagle Bulk EGLE 5 5.13 -2.5 6.08 3.91
Euroseas ESEA 3.87 4.03 -4 4.66 3.02
Excel Martime EXM 5.55 5.77 -3.8 7.68 4.59
Freeseas FREE 3.93 4.7 -16.4 7.95 3.91
Genco Shipping&Trading
GNK 14.68 16.55 -11.3 26.49 14.2
General Maritime GMR 3.82 3.84 -0.5 8.82 3.58
Goldenport GPRT 120 123 -2.4 140 120
Navios NM 5.24 5.99 -12.5 7.55 4.38
Omega Navigation ONAV 1.28 1.21 5.8 3.63 1.14
Paragon PRGN 3.44 3.73 -7.8 5.22 3.4
Safe Bulkers SB 7.85 8.45 -7.1 9.25 6.5
Star Bulk SBLK 2.87 2.92 -1.7 3.23 2.21
Stealthgas GASS 5.08 4.79 6.1 6.6 3.93
TEN TNP 9.82 10.34 -5 18.34 8.96
TOP Ships TOPS 0.81 0.685 18.2 1.3 0.62
* 30/11/10 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.