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ATHENIAN SHIPBROKERS S.A.
107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece Tel: 210 9659700 - Fax: 210 8996040
Internet Mail: athenian(at)atheniansa(dot)gr www.atheniansa.gr
February 2016
M O N T H L Y R E P O R T
0
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-15
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-16
Baltic Dry Index
PRICES TANKERS ($ MIO)
* Prices reflect Year’s End 2010* 2011* 2012* 2013* 2014* 2015* Feb-16
VLCC 5Y 87.8 55.6 56.0 55.8 77.1 80 76
VLCC 10Y 64.3 34.1 35.0 35.0 52.1 55 56
SUEZMAX 5Y 62.8 45.6 40.2 39.5 56.8 60 57
AFRAMAX 5Y 44.5 34.7 28.0 27.8 41.9 46 40
AFRAMAX10Y 30.7 19.3 16.3 16.3 26.8 31 27
PANAMAX5Y 39.0 30.9 24.3 24.3 33.4 35 35.8
45K 5Y D/H 27.3 25.8 23.0 23.3 23.8 28.9 27.3
45K 10Y D/H 19.7 15.8 15.5 15.7 15.2 19.6 20
45K 20Y 6.7 6.0 6.2 6.2 6.5 8.5 8
PRICES BULKERS ($ MIO)
* Prices reflect Year’s End 2010* 2011* 2012* 2013* 2014* 2015* Feb-16
CAPESIZE 5Y 57.0 36.3 32.0 43.9 39.5 25 23.7
CAPESIZE 10Y 43.0 26.8 20.5 31.0 27.8 13.6 12
CAPESIZE 15Y 26.0 15.2 12.7 18.2 16.3 8.5 7
CAPESIZE 20Y 16.4 10.5 9.3 10.1 9.0 5.6 5
PANAMAX 5Y 38.5 26.4 18.0 25.6 20.1 14 13
PANAMAX 10Y 31.6 18.6 12.5 17.9 14.6 8.5 8
PANAMAX 15Y 23.1 12.4 8.3 12.0 10.0 5 3.6
PANAMAX 20Y 13.8 8.1 5.4 7.5 5.4 3.6 2.5
SUPRAMAX 5Y 31.9 26.4 23.3 24.3 20.8 13.6 12
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
2
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
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
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
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
10.0
20.0
30.0
40.0
50.0
60.0
70.0
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
5000
10000
15000
20000
25000
30000
35000
40000
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
Ship Type Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Total
BULK 41 36 41 46 41 35 240 TANK 32 19 29 20 26 23 149 GAS 1 8 1 2 2 4 18 CONT 12 12 9 6 4 4 47 TWEEN/MPP 1 2 1 2 0 7 13 REEF 0 0 1 0 0 0 1 RORO 0 0 0 2 0 0 2 FERRY 0 0 1 0 0 0 1 CRUISE 0 0 0 0 0 0 0
Total 87 77 83 78 73 73 471
264
35
254
41
0
100
200
300
THIS MONTH - PREVIOUS MONTH
S&P Activity Dry (>5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
151
23
173
23
0
50
100
150
200
THIS MONTH - PREVIOUS MONTH
S&P Activity Tankers (>5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
4
TANKER SALES
NAME DWT BLT PRICE $ BUYER
SICHEM COLIBRI 3592 2001 KOREA DH 5.5 MIO ENBLOC BSS▼ SICHEM SPARROW 3596 2001 KOREA DH 5.5 MIO UNDISCLOSED (STST. Price Each)
RATANA UBON 4990 1994 JAPAN DH 2.5 MIO FAR EASTERN (STST) RUI HE 4999 2008 CHINA DH 4.8 MIO UNDISCLOSED (Epoxy) ANGIMAR 5841 2001 TURKEY DH 5.5 MIO MEXICAN (incl 2 yrs BB) DRAGONARIA 6555 1998 JAPAN DH 3.2 MIO TAIWANESE (Epoxy) OSTROV MONERON 9013 1989 JAPAN DH 2.4 MIO CHINESE (STST) TERNLAND 10877 1996 NORWAY DH 5.3 MIO SWEDISCH (Zinc) MARACAS BAY 30957 1998 JAPAN DH 7.7 MIO INDONESIAN
MORGANE 36660 2006 KOREA DH 18 MIO ENBLOC BSS▼ MELIORA COGITO 37620 2006 KOREA DH 18 MIO GREEK (Ice 1A. Price each)
KING ERNEST 36997 2004 KOREA DH * ENBLOC BSS▼ KING EVEREST 37229 2001 KOREA DH * ENBLOC BSS▼ KING EDWARD 37384 2004 KOREA DH * ENBLOC BSS▼ KING EMERALD 38850 2004 KOREA DH 50 MIO UNDISCLOSED (Ttl price)
CIELO DI ROMA 40096 2003 KOREA DH 13.8 MIO AKAR
TRF OSLO 45000 2014 KOREA DH 37.5 MIO ENBLOC BSS▼ TRF BERGEN 49126 2015 VIETNAM DH 37.5 MIO UACC (Epoxy/zinc. Price each)
LA BOHEME 73672 2007 KOREA DH * ENBLOC BSS▼ LORELEI 73673 2007 KOREA DH 55.5 MIO GREEK (Ice 1A. Ttl Price)
MARITINA 74993 2006 JAPAN DH 26 MIO UNION MARITIME OCEAN MARE 106004 2006 KOREA DH 27 MIO UNDISCLOSED (SS/DD 02/2016)
NAVION TORINITA 106852 1992 JAPAN DH 6 MIO UNDISCLOSED (Shuttle. Laid up
since 2012)
833
468
714
350
450
550
650
750
850
950
8 11 14 17 20 23 26 29 32 35 38 41 44 47 50 1 4 7
WEEK NO
Baltic Clean Tanker - Yearly
2016 2015
1052
601
951
400
500
600
700
800
900
1000
1100
8 11 14 17 20 23 26 29 32 35 38 41 44 47 50 1 4 7
WEEK NO
Baltic Dirty Tanker - Yearly
2016 2015
635
554
518
500
550
600
650
01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016
Baltic Clean Tanker - Monthly
787
819
751
720
740
760
780
800
820
840
01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016
Baltic Dirty Tanker - Monthly
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
5
GAS SALES
NAME DWT BLT CBM PRICE $ BUYER
GRENDON 5243 1996 JAPAN 5016 3.8 MIO FAR EASTERN CAMBRIDGE 26427 2006 KOREA 34487 41.5 MIO INDIAN BENNY PRINCESS 49301 1992 JAPAN 73869 24 MIO CHINESE GOLAR TUNDRA 82200 2015 KOREA 154948 330 MIO UNDISCLOSED
41000 31350 26400
0100002000030000400005000060000700008000090000
100000110000
Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16
$/D
ay
Spot Market - Tankers VLCC
SUEZMAX
AFRAMAX
47500
36000
29500
10000
20000
30000
40000
50000
60000
70000
Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
6
BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
PANOS CREATION 27383 1998 CHINA CR 4X30 0.8 MIO SOUTH AFRICAN (Via Auction. Laid up
with engine problems) VOGE FIESTA 29516 1997 CHINA CR 5X30 2.3 MIO UNDISCLOSED APOLLO 30855 1996 JAPAN CR 4X25 2 MIO UNDISCLOSED (Laker) MAREN BULKER 31945 2008 JAPAN CR 4X30 7.55 MIO HONG KONG GREAT DREAM 33745 2004 JAPAN CR 4X30 4.9 MIO UNDISCLOSED BIANCO VENTURE 33773 2004 JAPAN CR 4X30 5.3 MIO VIETNAMESE
LONG FORTUNE 36000 2015 CHINA CR 4X45 6.75 MIO UNDISCLOSED (Via Auction. 80%
complete) OCEAN KITE 37187 2012 KOREA CR 4X30 8 MIO UNDISCLOSED STOVE TRADITION 46223 1998 JAPAN CR 4X30 3.5 MIO UNDISCLOSED SPAR ORION 47639 1996 JAPAN CR 4X25 2.1 MIO CHINESE BIANCO BULKER 52027 2001 PHILIPPINES CR 4X30 3.3 MIO MID EASTERN TRIPLE STAR 52454 2005 JAPAN CR 4X30 5.75 MIO UNDISCLOSED FALCON TRADER II 54924 2009 JAPAN CR 4X30 7.8 MIO UNDISCLOSED FEDERAL BAFFIN 55309 2007 JAPAN CR 4X30 7.75 MIO EUROPEAN ASTON TRADER II 55496 2008 JAPAN CR 4X30 6.8 MIO UNDISCLOSED NEW PACIFIC 55677 2005 JAPAN CR 4X30 5.5 MIO INDONESIAN WIDAR 56859 2011 CHINA CR 4X35 7.9 MIO UNDISCLOSED NS TRADER I 57981 2013 CHINA CR 4X35 9.2 MIO UNDISCLOSED CYMBELINE 73060 2001 JAPAN GLESS 3.3 MIO UNDISCLOSED
MANZONI 75403 2013 CHINA GLESS 14.3 MIO ENBLOC BSS▼ SUNSHINE 75598 2010 CHINA GLESS 10.9 MIO ENBLOC BSS▼ INFINITY 9 77901 2013 CHINA GLESS 14.6 MIO GREEK (Price Each)
ORSOLINA BOTTIGLIERI 75413 2001 JAPAN GLESS 3.5 MIO UNDISCLOSED
216
183
209
170
180
190
200
210
220
01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016
Baltic Handysize
2
299
243
327
200
250
300
350
01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016
Baltic Supramax
2
282
358
346
260
280
300
320
340
360
380
01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016
Baltic Panamax
4
215
223
182
175
185
195
205
215
225
235
01/02/2016 08/02/2016 15/02/2016 22/02/2016 29/02/2016
Baltic Capesize
4 38
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
7
MEDI KOBE 75924 2001 JAPAN GLESS 2.7 MIO UNDISCLOSED EPSON TRADER 82656 2007 JAPAN GLESS 7.5 MIO ASIAN DOUBLE PROGRESS 88266 2007 JAPAN GLESS 6.8 MIO EUROPEAN KOHYOHSAN 172564 2001 JAPAN GLESS 5 MIO KARADENIZ (for conversion) GOLDEN HOPE 176890 2009 JAPAN GLESS 19 MIO WINNING SHIN SHO 177489 2006 JAPAN GLESS 11.7 MIO GREEK
HANJIN BUSAN N255 179800 2015 KOREA GLESS 35.3 MIO ENBLOC BSS▼ HANJIN BUSAN N256 179800 2015 KOREA GLESS 35.3 MIO GREEK (Price each)
MARIA D 180000 2015 KOREA GLESS 34 MIO GREEK OBELIX 181433 2011 JAPAN GLESS 23.75 MIO GREEK SPRING ZEPHYR 181725 2010 JAPAN GLESS 22.25 MIO CARVAL FORTUNE 182000 2016 JAPAN GLESS 35.8 MIO GREEK
2900
5300
3100
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16
$/D
ay
Spot Market - Bulkers CAPESIZE
PANAMAX
HANDYMAX
6025
4750 4500
4100
5100
6100
7100
8100
9100
10100
11100
12100
13100
Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16
$/D
ay
Period Market - Bulkers 1 Year T/C CAPE
PMAX
HANDYMAX
44
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
8
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
PLATRES 7691 2008 CHINA CR 2X40 629 3.5 MIO UNDISCLOSED (Bank Sale) HELENE 33074 2005 GERMANY CR 3X45 2524 8 MIO ITALIAN KOTA PERMATA 39446 2008 KOREA GLESS 2824 10.5 MIO UNDISCLOSED KOTA PERMASAN 39479 2008 KOREA GLESS 2824 10.5 MIO UNDISCLOSED
MPP/TWEEN SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
FAST VICTOR 3480 2006 POLAND GLESS 136 3.2 MIO BELGIAN
TONG CHENG 601 5821 2010 CHINA GLESS * ENBLOC BSS▼ TONG CHENG 602 5821 2010 CHINA GLESS 6.76 MIO CHINESE (Ttl Price)
WILSON MALO 6433 1978 SWEDEN GLESS 238 0.8 MIO ROMANIAN UAL ANGOLA 10618 2002 NETHERLANDS CR 2X80 668 4.7 MIO SCHEPERS
THORCO SERENITY 10037 2004 JAPAN CR 2X30, D 1X30
3.6 MIO UNDISCLOSED (ROLO)
TRANSHAWK 16558 2004 CHINA CR 3X35 658 4.5 MIO UNDISCLOSED
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
9
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
Ship Type 2016 2017 2018+ Total
Capesize 164 37 24 225
Panamax 219 70 21 310
Supra/Hmax 414 138 18 570
Handies 225 92 47 364
Total 1022 337 110 1469
Ship Type 2016 2017 2018+ Total
ULCC/VLCC 58 46 26 130
Suezmax 39 57 11 107
Aframax 67 71 35 173
Panamax 30 30 9 69
MR+Small 230 151 60 441
Total 424 355 141 920
Ship Type 2016 2017 2018+ Total
VLGC 46 26 11 83
LGC 2 0 0 2
MR 31 37 4 72
Handy 20 11 1 32
Small 7 1 1 9
Total 106 75 17 198
93.4
62
51
35.4
20
40
60
80
100
120
Feb-14 Jun-14 Oct-14 Feb-15 Jun-15 Oct-15 Feb-16
$m
Tanker Prices VLCC Suezmax
Aframax MR
1
5
3
45.5
25.7
24.1
20
10
20
30
40
50
60
70
Feb-14 Jun-14 Oct-14 Feb-15 Jun-15 Oct-15 Feb-16
$m
Bulker Prices Capesize Panamax
Handymax Handysize
5
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
10
142
398
10
660
235
4
128
208
4 0
100
200
300
400
500
600
700
2014 2015 Feb-16
No
. o
f V
es
se
ls
Newbuilding Sales Tankers >10,000 dwt
Bulkers >10,000 dwt
Containerships
92.5
25
9.5
41.8 38.7
16.7
0
10
20
30
40
50
60
70
80
90
100
Feb-16 2017 2018+
m. d
wt
Delivery Schedule Bulkers >10,000 dwt.
Tankers >10,000 dwt
40.3
16.8 19.2
5.2
16
0
5
10
15
20
25
30
35
40
45
February 2016
m.
dw
t
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products
45.7
25.6
34.8
13.2
0
5
10
15
20
25
30
35
40
45
50
February 2016
m. d
wt
Bulker Newbuildings on Order Capesize Panamax
Handymax Handysize
Newbuilding Historical Prices ($m)
Tankers Feb-16 2015 2014 2013 2012 2011 2010 2009 2008 2005 1995 1990 1985
310,000 DWT1 93.4 93.7 97.3 93.8 93.2 98.9 104.8 97.5 150 120 85.3 87.4 2 38.2
170,000 DWT1 62 63 65.5 59.6 57.1 60.3 66.3 61 90 71.5 54 66.1 2 28.2
110,000 DWT1 51 52 53.6 52.2 48.5 52.2 56 49.5 74 58 43.3 53.2 2 18.1
47,000 DWT1 35.4 35.4 36.8 34.6 33.8 35.2 36.1 35 46.5 43 33.2 3 32.1
3 13.3
Bulkers
180,000 DWT1 45.5 46 54.2 53.6 45.7 48.4 57.2 55.5 87 58.5 42.3 60.2 29.3
73,000 DWT1 25.7 25.7 29 27.8 25.6 28.7 34.3 34.5 45.5 36 27.9 30 13.4
45,000 DWT 24.1 24.1 27.2 26.5 23.7 26.7 31.1 29 41 31 24.1 25.3 12.4
29,000 DWT 20 20.3 22.8 22.2 20.5 22.2 26.3 24.5 31 25.5 19.2 21.3 9.7
1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,000 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)
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
11
The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
Accom. Unit 2500 Damen Galati 2018 Bibby Marine
Asp.&Bitu 7800 Guangzhou Hangtong 2017 Tianjin Southwest
Asp.&Bitu 7800 Guangzhou Hangtong 2017 Tianjin Southwest
Bulk 38800 Huangpu Wenchong 2017 CSSC Shipping (HK)
Bulk 81500 Oshima SB Co 2019 U-Ming Marine Tran.
Bulk 81500 Oshima SB Co 2020 U-Ming Marine Tran.
Chem & Oil 50000 Hyundai Mipo 2017 Unknown
Chem & Oil 50000 Hyundai Vinashin 2018 Latsco (London)
Chem & Oil 50000 Hyundai Vinashin 2018 Latsco (London)
Chip 65000 Oshima SB Co 2018 Nippon Yusen Kaisha
Cruise 20000 STX France 2019 Eur 800 Mio MSC Cruises
Cruise 20000 STX France 2020 Eur 800 Mio MSC Cruises
Cruise Meyer Werft 2019 Saga Cruises
CS/BW Dredger IHC Holland 2016 Van Oord
Pass/Car F. Batamec Shipyard 2017 Unknown Indonesian
Pass/Car F. Batamec Shipyard 2017 Unknown Indonesian
PCC 21000 Zhejiang Yangfan 2018 Grimaldi Group
PCC 21000 Zhejiang Yangfan 2018 Grimaldi Group
Products 6500 Batamec Shipyard 2017 Unknown Indonesian
Roro 6300 MHI Nagasaki 2018 KYK
Roro 6300 MHI Nagasaki 2018 KYK
Roro 6300 MHI Nagasaki 2018 KYK
Roro 6300 MHI Nagasaki 2018 KYK
Tanker 311000 Hyundai Samho HI 2018 Kyoei Tanker Co.
Tanker 158000 Hyundai Samho HI 2017 Ditas-Denizcilik
Tanker 158000 Hyundai Samho HI 2017 Ditas-Denizcilik
Tanker 158000 Hyundai Samho HI 2018 Ditas-Denizcilik Option
Tanker 158000 Hyundai Samho HI 2018 Ditas-Denizcilik Option
TSH Dredger IHC Dredgers 2018 Adani Ports & SEZ
TSH Dredger IHC Dredgers 2018 Adani Ports & SEZ
TSH Dredger COSCO Guangdong 2018 Dredging Intl NV
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
12
D E M O L I T I O N M A R K E T
Demolition Historical Data
280 250
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* 2013 2014
2015 2016
*India month's end prices
260 225
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* 2013 2014
2015 2016
*India month's end prices
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
41.8
34.3 38.8
9.6
0
10
20
30
40
50
60
Mill
ion
dw
t
Total Demolition (Dwt)
* Bss reported sales
Demolition Prices Gen Cargo Tanker
India USD 225 /lt Ldt USD 250 /lt Ldt
Bangladesh USD 220 /lt Ldt USD 245 /lt Ldt
Pakistan USD 220 /lt Ldt USD 250 /lt Ldt
China USD 110 /lt Ldt USD 125 /lt Ldt
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
13
HISTORICAL DEMOLITION PRICES (*Indian Year’s End)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 CURR.
TANK 115 136 174 135 174 262 362 302 405 507 287 338 485 482 405 435 425 300 250 BULK 112 143 170 135 181 267 381 332 392 472 268 328 437 456 375 410 400 285 225
India
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK ALDAN 7850 1989 4174 205
BULK ORCA K 11594 1975 3446 238
BULK K NO 8 13229 1981 4588 225 En bloc with K No 9
BULK K NO 9 16830 1981 5195 225 En bloc with K No 8
BULK EURASIA 13497 1984 4050 220
BULK STARFORD 8 25357 1984 5893 214
BULK KING GRACE 33504 1986 10457 225
BULK AMOVITA 38888 1986 7140 230
BULK KIANA PIONEER 40763 1986 7090 252
BULK EIRINI K 41712 1996 8400 242
BULK GANT VISION 43536 1992 8144 251
BULK NEW FORTUNE 44820 1994 2374 228
BULK AARTI PREM 69087 1994 9762 231
BULK LONG YUAN 69346 1989 9089 245
BULK EVERTOP 69555 1993 9765 243
BULK AODABAO 74137 1995 9598 243
BULK ANEMONE 151439 1990 18491 238
BULK MARY 152107 1993 18466 243
BULK ANANGEL AMBITION 161526 1994 19215 247 As is Spore incl ROB
BULK MONA LINDEN 170473 2000 20669 230
BULK CAPE JUPITER 172480 1997 21297 232 As is Spore incl 850T ROB
BULK BOLD CHALLENGER 227183 1988 27186 228
CONT ALBERT RICKMERS 30721 1998 11461 281
CONT WESERWOLF 39128 1999 13062 248
CONT YM KAOHSIUNG 50059 1998 16203 275
CONT HANJIN MALTA 62649 1993 18954 265
CONT MOL ADVANTAGE 66532 2001 24572 252 As is Hong Kong incl ROB fr voy to India
CONT NETHERLANDS 67473 1997 24225 265
RORO MORNING MELODY 13162 1988 12948 260
TANK STOLT SAPPHIRE 38746 1986 11483 260 Green recycling
0
100
200
300
400
500
600
USD
/to
n
Historical Demolition Prices (India Year's End)
TANKERS
BULKERS
Avg. Trend
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
14
Bangladesh
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK FENGHUANG SHAN 73330 1997 10660 234
BULK EVER MIGHTY 75265 1996 11570 245 Incl 500T ROB
BULK HE FU STAR 148535 1994 17880 225 BULK WINNING FRIEND 152034 1993 18538 232 BULK CHAMPEL 168968 1998 21686 241 BULK NEW LEON 173246 1995 21846 219
BULK NEWFOREST 185688 1996 22683 262 Option Pakistan
BULK MEYNELL 185767 1997 22521 265
BULK ORE ITABIRA 189043 1991 21274 240
CONT SANTA GIOVANNA 30201 1996 8840 265 As is Colombo incl abt 195T ROB
TANK WUGANG ORIENT 267710 1991 37342 234
TANK RENATE N 278380 1992 40428 230
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
N/A N/A N/A
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK SAMJOHN SPIRIT 71730 1994 10319 245
BULK DONG-A RHEA 149505 1993 23900 243
BULK SUNNY STAR 149515 1991 18448 237 Option India
BULK CAPE CARMEL 179869 1996 22583 243
TANK FARIDAH 301858 1995 41261 241
Turkey
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
N/A N/A N/A
Other
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK ANANGEL LEGEND 161059 1996 19677 247 As is Spore incl ROB
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15
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
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
2013 585 920 620 1010 580 985
2014 310 570 350 880 315 695
2015 140 311 170 560 140 360
Feb-16 144 289 150 415 135 338
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
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16
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 0.53317 0.78759 0.00632 0.72282 0.72065 0.5134
CAD 1.87339 1 1.47645 0.01185 1.35485 1.35103 0.9625
EUR 1.26809 0.67649 1 0.00802 0.91738 0.91435 0.65157
JPY 158.04 84.31 124.57 1 114.27 113.96 81.17
CHF 1.38148 0.73703 1.08906 0.00874 1 0.99618 0.7097
USD 1.38664 0.73985 1.09283 0.00877 10.00283 1 0.71242
AUD 1.94439 1.03744 1.53276 0.01229 1.4062 1.40223 1 * 29/02/2016 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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17
S T O C K W A T C H
NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW
Capital Product Partners CPLP 3.31 4.23 -21.7 10.06 3.01
Diana Shipping Inc. DSX 2.43 2.62 -7.3 8.27 1.95
Dryships Inc. DRYS 0.11 0.12 -11.8 0.98 0.08
Dynagas LNG Partners LP DLNG 8.95 9.40 -4.8 20.88 6.70
Eagle Bulk Shipping Inc. EGLE 0.69 1.38 -50 11.85 0.41
Euroseas Ltd. ESEA 2.00 2.15 -7 8.80 1.71
Freeseas Inc. FREE 0.04 0.15 -76.9 2.14 0.03
Costamare Inc. CMRE 7.18 6.78 5.9 20.50 6.01
Goldenport Holdings Inc. GPRT 13.12 14.00 -6.3 144.75 12.00
Navios Maritime Holdings NM 0.82 0.91 -9.9 4.62 0.68
GasLog Ltd. GLOG 9.43 7.17 31.5 23.84 5.24
Paragon Shipping Inc. PRGN 0.04 0.10 -58.8 1.89 0.04
Safe Bulkers Inc. SB 0.55 0.42 30.2 4.13 0.30
Star Bulk Carriers Corp. SBLK 0.61 0.40 51.3 4.66 0.31
Stealthgas Inc. GASS 3.10 2.91 6.5 7.10 2.39
TEN Inc. TNP 5.83 5.78 0.9 10.50 4.79
TOP Ships Inc.♦ TOPS 2.81 0.26 980.8 2.97 2.55
Box Ships Inc. TEUFF 0.11 0.12 -6.8 0.13 0.11
Diana Containerships Inc. DCIX 0.41 0.60 -31.7 0.44 0.38
Danaos Corporation DAC 4.45 4.96 -10.3 6.70 4.26
Aegean Marine Petroleum ANW 7.14 6.93 3 7.32 6.44 * 26/02/2016 closing values ♦Reverse Split
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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.