MONTHLY REPORT Baltic Dry Index - Hellenic Shipping News ...chemroad fuji 33888 2006 japan dh 15.3 mio norwegian (sus 316l) ... 350 450 550 650 750 850 950 ... frontier coronet 182674

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

December 2018

M O N T H L Y R E P O R T

0

500

1000

1500

2000

2500

De

c-1

3

Feb

-14

Ap

r-1

4

Jun

-14

Au

g-1

4

Oct

-14

De

c-1

4

Feb

-15

Ap

r-1

5

Jun

-15

Au

g-1

5

Oct

-15

De

c-1

5

Feb

-16

Ap

r-1

6

Jun

-16

Au

g-1

6

Oct

-16

De

c-1

6

Feb

-17

Ap

r-1

7

Jun

-17

Au

g-1

7

Oct

-17

De

c-1

7

Feb

-18

Ap

r-1

8

Jun

-18

Au

g-1

8

Oct

-18

De

c-1

8

Baltic Dry Index

PRICES TANKERS ($ MIO)

* Prices reflect Year’s End 2012* 2013* 2014* 2015* 2016* 2017* Dec-18

VLCC 5Y 56.0 55.8 77.1 80 60 64 65.4

VLCC 10Y 35.0 35.0 52.1 55 40 41 42

SUEZMAX 5Y 40.2 39.5 56.8 60 40 43.5 43.5

AFRAMAX 5Y 28.0 27.8 41.9 46 29 32 32.5

AFRAMAX10Y 16.3 16.3 26.8 31 18 20 20

PANAMAX5Y 24.3 24.3 33.4 35 28 29 29.8

47K 5Y 23.0 23.3 23.8 28.9 22 26.8 26.6

45K 10Y 15.5 15.7 15.2 19.6 15.5 17 15.4

45K 20Y 6.2 6.2 6.5 8.5 5.1 5.1 5.7

PRICES BULKERS ($ MIO)

* Prices reflect Year’s End 2012* 2013* 2014* 2015* 2016* 2017* Dec-18

CAPESIZE 5Y 32.0 43.9 39.5 25 24 33 33.6

CAPESIZE 10Y 20.5 31.0 27.8 13.6 15 20.5 23.5

CAPESIZE 15Y 12.7 18.2 16.3 8.5 8 13 14.2

CAPESIZE 20Y 9.3 10.1 9.0 5.6 5.5 7 8.5

KAMSARMAX 5Y 18.0 25.6 20.1 14 14 22.5 22.8

PANAMAX 10Y 12.5 17.9 14.6 8.5 8.5 14.5 13.5

PANAMAX 15Y 8.3 12.0 10.0 5 5.4 11 9.6

PANAMAX 20Y 5.4 7.5 5.4 3.6 3.6 6.5 6.5

SUPRAMAX 5Y 23.3 24.3 20.8 13.6 14 17.5 17.1

SUPRAMAX 10Y 13.0 17.4 13.8 8 9.5 13.5 13

HANDYMAX15Y 8.7 10.9 9.1 4.5 5.8 9.5 9.3

HANDYMAX20Y 6.3 6.4 6.2 3.5 2.8 6.5 5

www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.

2

♦Prior 2017 76-78k dwt

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

10

20

30

40

50

60

70

80

90

Pri

ce (

US

D M

io)

Monthly Tanker Price Trend

VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y

AMAX 10Y PMAX 5Y 47K 5Y 45K 10Y

0

10000

20000

30000

40000

50000

60000

70000

(US

D)

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

10

20

30

40

50

60

Pri

ces

(US

D M

io)

Monthly Bulk Carrier Price Trend

CAPE 5Y CAPE 10Y CAPE 15Y

KMAX 5Y PMAX 10Y PMAX 15Y

SUPRA 5Y SUPRA 10Y HMAX 15Y

0

5000

10000

15000

20000

25000

30000

35000

(US

D)

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


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 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Total

BULK 43 35 27 64 54 26 249

TANK 26 15 20 22 54 22 159

GAS 11 2 1 1 3 0 18

CONT 6 3 3 12 6 12 42

TWEEN/MPP 4 0 0 2 7 0 13

REEF 0 0 0 0 0 0 0

RORO 0 0 0 0 0 0 0

FERRY 0 0 0 0 0 0 0

CRUISE 2 0 0 0 0 0 2

Total 92 55 51 101 101 101 501

330

26

384

54

0

200

400

600

THIS MONTH - PREVIOUS MONTH

S&P Activity Dry(>5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES

189

22

266

54

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


4

TANKER SALES

NAME DWT BLT PRICE $ BUYER

TURQUOISE T 13947 2008 TURKEY DH 8.5 MIO CANADIAN (Phenolic Epoxy)

TOPAZ T 13966 2009 TURKEY DH 9 MIO CANADIAN (Phenolic Epoxy)

CHEMROAD FUJI 33888 2006 JAPAN DH 15.3 MIO NORWEGIAN (SUS 316L)

DUKHAN 40231 2003 KOREA DH * ENBLOC BSS▼

JINAN 40232 2003 KOREA DH 18.5 MIO UNDISCLOSED (Phenolic epoxy)

ARDMORE SEAMASTER 45840 2004 JAPAN DH 8.2 MIO UNDISCLOSED(Pure epoxy)

MAERSK MIZUSHIMA 45996 2009 JAPAN DH 16 MIO UNDISCLOSED

FALCON VICTORY 46473 1999 KOREA DH 5.8 MIO ENBLOC BSS▼

FALCON GRACE 46475 1999 KOREA DH 5.8 MIO UNDISCLOSED (Epoxy)

MR KENTAURUS 46763 2007 KOREA DH 13.7 MIO NORWEGIAN

AYESHA 47134 2008 KOREA DH 16.2 MIO GERMAN (Pure epoxy)

ARDMORE SEATRADER 47141 2002 JAPAN DH 8 MIO INDIAN

UNIQUE DEVELOPER 47366 2010 JAPAN DH 17 MIO UNDISCLOSED

MORNING HARUKA 47407 2005 JAPAN DH 10.5 MIO NORWEGIAN

NORD INSPIRATION 47987 2010 JAPAN DH 16.8 MIO JAPANESE (Incl 5 year TC)

HIGH TRADER 50020 2015 VIETNAM DH 27 MIO JAPANESE (Incl 10 yrs bbb with purchase

obligation)

CPO CHINA 51672 2010 KOREA DH 18.5 MIO ENBLOC BSS▼

CPO INDIA 51703 2010 KOREA DH 18.5 MIO UK

KIND DARWIN 73604 2007 CHINA DH 13 MIO SINGAPOREAN (Epoxy)

GULF VISION 114900 2012 KOREA DH * ENBLOC BSS▼

GULF VALOUR 114900 2013 KOREA DH 64 MIO GREEK

JIANGSU RONGSHENG

1161 156900 2018 CHINA DH 49.5 MIO GREEK (Dely 09/2019,scrubbers fitted)

519

594

910

350

450

550

650

750

850

950

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

WEEK NO

Baltic Clean Tanker - Yearly

20182017

707759

1152

450

650

850

1050

1250

1450

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

WEEK NO

Baltic Dirty Tanker - Yearly

20182017

894

909

833

750

800

850

900

950

03/12/2018 08/12/2018 13/12/2018 18/12/2018

Baltic Clean Tanker - Monthly

1160

12231258

1000

1050

1100

1150

1200

1250

1300

03/12/2018 08/12/2018 13/12/2018 18/12/2018

Baltic Dirty Tanker - Monthly


5

39700

45800

47750

0

10000

20000

30000

40000

50000

60000

Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18

$/D

ay

Spot Market - Tankers

VLCC

SUEZMAX

AFRAMAX

32750

23950

18850

10000

15000

20000

25000

30000

35000


$/D

ay

Period Market - Tankers 1 Year T/C

VLCC

SUEZMAX

AFRAMAX


6

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

CENTURY PEARL 16383 2008 JAPAN CR 4X30.5 7 MIO TURKISH

CHANG LING HAI 23444 2010 CHINA GLESS * ENBLOC BSS▼

CHANG HENG HAI 23772 2009 CHINA GLESS 11.2 MIO CSC PHOENIX

AMSEL 27308 1994 JAPAN CR 4X30.5 2.2 MIO UNDISCLOSED (At auction)

MOUNT TRAVERS 28484 2002 JAPAN CR 4X30.5 6 MIO UNDISCLOSED

BONNIE VENTURE 32500 2012 CHINA CR 4X30 9.5 MIO EUROPEAN (USCG & IMO exemption

til 11/2021, A60 Bulkhead,no logger)

STELLA T 48224 1997 JAPAN CR 4X25 4.7 MIO CHINESE (DD due)

CONDOR 50296 2000 JAPAN CR 4X30 6.8 MIO INDONESIAN (DD due 01/2019)

JIN QUAN 51104 2002 JAPAN CR 4X30 6.9 MIO CHINESE (DD due 06/2019)

TIGRIS 52454 2003 JAPAN CR 4X30 8.9 MIO UNDISCLOSED (USG BWTS til

05/2021)

MERCURY OCEAN 53452 2008 JAPAN CR 4X30.5 11.3 MIO UNDISCLOSED

LUISIA COLOSSUS 55455 2010 JAPAN CR 4X30.5 14.8 MIO GREEK

CONTI LAPISLAZULI 57001 2011 CHINA CR 4X30 10.5 MIO UNDISCLOSED

PM HAYABUSA 58065 2013 PHILIPPINES CR 4X30 17.2 MIO UNDISCLOSED

VERONIQUE D 58698 2012 CHINA CR 4X30 16 MIO ENBLOC BSS▼

ANJELIQUE D 58689 2012 CHINA CR 4X30 16 MIO GREEK

SHUN YI 73461 2001 JAPAN CR 4X30 9.5 MIO FAR EASTERN

JANNA S 75200 2010 CHINA GLESS 10.5 MIO UNDISCLOSED

TINA 75933 2000 JAPAN GLESS 5.8 MIO UNDISCLOSED (At auction)

SEATRIBUTE 81642 2012 KOREA GLESS 20.3 MIO MINSHENG FINANCIAL LEASING

KARLOVASI 82354 2016 JAPAN GLESS 28 MIO UNDISCLOSED

AMORITO 179322 2012 KOREA GLESS 32.5 MIO KOREAN

SHAGANG HONGFA 179461 2011 KOREA GLESS 33 MIO ENBLOC BSS▼

624

614

596

550

570

590

610

630

650

03/12/2018 12/12/2018 21/12/2018

Baltic Handysize

953 968 975

850

900

950

1000

1050

1100

03/12/2018 12/12/2018 21/12/2018

Baltic Supramax

1474

1445

1492

1350

1400

1450

1500

1550

03/12/2018 12/12/2018 21/12/2018

Baltic Panamax

1925

2433

1905

1400

1700

2000

2300

2600

03/12/2018 12/12/2018 21/12/2018

Baltic Capesize


7

SHAGANG

HONGCHANG 179469 2011 KOREA GLESS 33 MIO UNDISCLOSED ( Incl TC til 09/2021)

FIVE STARS BEIJING 181417 2010 JAPAN GLESS 23.1 MIO ZHUNUO SHIPPING (At auction)

FRONTIER CORONET 182674 2011 JAPAN GLESS 29.5 MIO GREEK

CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

ALSTERDIJK 21150 2011 CHINA GLESS 1436 * ENBLOC BSS▼

AMERDIJK 21231 2011 CHINA GLESS 1436 * ENBLOC BSS▼

AALDERDIJK 21298 2011 CHINA GLESS 1436 * ENBLOC BSS▼

AKERDIJK 21293 2011 CHINA GLESS 1436 37 DUTCH

AS SAVONIA 21614 2000 KOREA GLESS 1679 4 GERMAN

CAFER DEDE 26811 2008 TURKEY GLESS 1849 9 ENBLOC BSS▼

IBRAHIM DEDE 26811 2008 TURKEY GLESS 1849 9 GREEK

MAUNALEI 34026 2006 USA GLESS 2526 10.6 UNDISCLOSED

CAP BON 34457 2006 KOREA GLESS 2602 13 UK

CAP SAN JUAN 123101 2015 KOREA GLESS 10600 * ENBLOC BSS▼

CAP SAN LAZARO 123205 2015 KOREA GLESS 10600 * ENBLOC BSS▼

CAP SAN VINCENT 123383 2015 KOREA GLESS 10600 90 UNDISCLOSED

14000

13750

9370

0

5000

10000

15000

20000

25000

30000


$/D

ay

Spot Market - BulkersCAPESIZE

PANAMAX

HANDYMAX

17350

13000

12100

4100

6100

8100

10100

12100

14100

16100

18100

20100

22100


$/D

ay

Period Market - Bulkers 1 Year T/CCAPESIZE

PANAMAX

SUPRAMAX


8

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 2018 2019 2020+ Total

Capesize 8 93 98 199

Kamsarmax 9 158 101 268

Supra/Hmax 5 138 81 224

Handies 15 151 58 224

Total 37 540 338 915


ULCC/VLCC 2 59 34 95

Suezmax 3 26 23 52

Aframax 6 59 38 103

Panamax 1 13 18 32

MR+Small 12 82 20 114

Total 24 239 133 396


VLGC 1 18 21 40

LGC 0 0 0 0

MR 0 10 2 12

Handy 2 9 6 17

Small 1 5 7 13

Total 4 42 36 82

92.4

60.6

48.1

36.7

20

40

60

80

100

Dec-16 Apr-17 Aug-17 Dec-17 Apr-18 Aug-18 Dec-18

$m

Tanker Prices VLCC Suezmax

Aframax MR

50.4

28.1

26.2

23.9

10

15

20

25

30

35

40

45

50

55

Dec-16 Apr-17 Aug-17 Dec-17 Apr-18 Aug-18 Dec-18

$m

Bulker Prices Capesize Kamsarmax

Supramax Handysize


9

79

250

201

47

248277

80 104

192

0

100

200

300

2016 2017 Dec-18

No

. o

f V

es

se

ls

Newbuilding Sales Tankers

Bulkers

Containerships

3.9

37.6

41.2

3.2

39.5

22.9

0

5

10

15

20

25

30

35

40

45

Dec-18 2019 2020+

m. d

wt

Delivery Schedule Bulkers

Tankers

31

8.912.8

2.8

10.8

0

5

10

15

20

25

30

35

December 2018

m.

dw

t

Tanker Newbuildings on Order VLCC Suezmax

Aframax Panamax

Products

48.9

20.9

12.5

4.2

0

10

20

30

40

50

60

December 2018

m. d

wt

Bulker Newbuildings on Order CapesizeKamsarmaxSupramaxHandysize

Newbuilding Historical Prices ($m)

Tankers Dec-18 2017 2016 2015 2014 2013 2012 2010 2008 2005 2000 1995 1990 1985

320,000 DWT1 92.4 81.5 84.5 93.7 97.3 93.8 93.2 104.8 150 120 76.5 85.3 87.4

2 38.2

170,000 DWT1 60.6 55 54.5 63 65.5 59.6 57.1 66.3 90 71.5 52.5 54 66.1

2 28.2

115,000 DWT1 48.1 44 44.5 52 53.6 52.2 48.5 56 74 58 41.5 43.3 53.2

2 18.1

50,000 DWT1 36.7 33.8 32.5 35.4 36.8 34.6 33.8 36.1 46.5 43 29.5 33.2

3 32.1

3 13.3

Bulkers

185,000 DWT1 50.4 44 42 46 54.2 53.6 45.7 57.2 87 58.5 40.5 42.3 60.2 29.3

83,000 DWT1 ♦

28.1 25.5 24.5 25.7 29 27.8 25.6 34.3 45.5 36 22.5 27.9 30 13.4

64,000 DWT♦ 26.2 24 22.3 24.1 27.2 26.5 23.7 31.1 41 31 20.5 24.1 25.3 12.4

35,000 DWT♦ 23.9 22 19.5 20.3 22.8 22.2 20.5 26.3 31 25.5 15 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 ♦Prior 2017 to read 73 – 76k dwt, 45k dwt & 30k dwt

(note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)


10

The Shipbuilding Market

TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES

Accom. Unit Hayvard Leirvik 2021 ESVAGT

Bulk 210000 New Times SB 2020 Polaris Shipping Co

Bulk 210000 New Times SB 2020 Polaris Shipping Co

Bulk 210000 New Times SB 2021 Polaris Shipping Co Option

Bulk 210000 New Times SB 2021 Polaris Shipping Co Option

Bulk 59990 Taizhou Kouan SB 2020 Nanjing Twin Rivers

Bulk 59990 Taizhou Kouan SB 2020 Nanjing Twin Rivers

Chem & Oil 22000 Wuhu Shipyard 2021 Donsotank Rederi

Chem & Oil 22000 Wuhu Shipyard 2021 Donsotank Rederi

Chem & Oil 49700 GSI Nansha 2020 CSC Nanjing Tanker

Container 30000 Zhoushan Changhong 2020 Gerchicon

Container 30000 Zhoushan Changhong 2020 Gerchicon

Container 30000 Zhoushan Changhong 2020 Gerchicon Option







LNG 96000 Samsung HI 2021 179.8 mio Nippon Yusen Kaisha

LNG 96000 Samsung HI 2021 179.8 mio Nippon Yusen Kaisha

LNG 20000 Hyundai Mipo 2021 77.4 mio Knutsen OAS Shipping

LNG 20000 Hyundai Mipo 2021 77.4 mio Knutsen OAS Shipping Option

LNG 96000 Daewoo (DSME) 2021 185 mio BW Gas

LNG 96000 Daewoo (DSME) 2021 185 mio BW Gas

LNG 96000 Daewoo (DSME) 2022 185 mio BW Gas Option




LNG 96000 Samsung HI 2021 187 mio Undisclosed

LNG 96000 Hyundai Samho HI 2020 Nippon Yusen Kaisha



LNG 95000 Daewoo (DSME) 2021 Maran Gas Maritime

LNG 96000 Samsung HI 2021 185.5 mio Undisclosed

LNG 95000 Daewoo (DSME) 2021 Undisclosed

Pass/Car Cat Austal Vietnam 2020 72.2 mio NIDCO

Products 10000 AVIC Dingheng SB 2020 Ningbo Marine Co Ltd

Products 114000 COSCO HI Yangzhou 2020 48.8 mio First Ship Lease

Products 114000 COSCO HI Yangzhou 2021 48.8 mio First Ship Lease

Products 114000 COSCO HI Yangzhou 2021 48.8 mio First Ship Lease Option

Products 114000 COSCO HI Yangzhou 2021 48.8 mio First Ship Lease Option

PSV 4000 Wuchang SB Group 2020 COSL







Tanker 158000 Hyundai HI (Ulsan) 2020 Ciner Denizcilik




Tanker 158000 Daehan Shipbuilding 2020 Enesel SA

Tanker 158000 Daehan Shipbuilding 2020 Enesel SA

Tanker 158000 Daehan Shipbuilding 2021 Enesel SA Option

Tanker 158000 Daehan Shipbuilding 2021 Enesel SA Option


11

D E M O L I T I O N M A R K E T

* M O N T H ’ S E N D P R I C E S

Demolition Historical Data

445 450 455 450440 440 430 430 435

450 445435

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

US

D/t

on

Price Tankers* 2015 2016

2017 2018

*India month's end prices

425 435 440 430 430 430410 415 425 440 430 425

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

US

D/t

on

Price Bulkers*2015 2016

2017 2018

*India month's end prices

25.6

14.5

4.9 2.354.6 3.8

15.916.7

18.915.5

1815.6

25

30.5

22.4

28.4 28.5 27

10 5.56.5 5

12

28.925.7

31.58

50.3

41.8

34.3

38.844.6

35.2

30.4

0

10

20

30

40

50

60

Mil

lio

n d

wt

Total Demolition (Dwt)

* Bss reported sales

Demolition Prices

Gen Cargo Tanker

India USD 425 /lt Ldt USD 435 /lt Ldt

Bangladesh USD 425 /lt Ldt USD 440 /lt Ldt

Pakistan USD 415 /lt Ldt USD 430 /lt Ldt

China USD 150 /lt Ldt USD 160 /lt Ldt


12

HISTORICAL DEMOLITION PRICES (*Indian Year’s End)

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 CURR.

TANK 174 135 174 262 362 302 405 507 287 338 485 482 405 435 425 300 300 440 435

BULK 170 135 181 267 381 332 392 472 268 328 437 456 375 410 400 285 280 425 425

India

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

GAS GAS PUFFIN 9433 1991 4426 505

GAS BW HELIOS 44995 1992 16094 430

GAS GAZ SUPPLIER 49996 1990 17122 425

Bangladesh


BULK ORANGE WIND 4944 1994 2340 435

BULK ARKAIM 5 5327 1982 3712 427

CONT KOTA JELITA 22330 1997 22330 475 Incl 300t ROB

CONT PAUL ABRAO 22026 1996 7393 460 As is Colombo incl 300t ROB

GAS TENAGA LIMA 29492 1981 29492 453

REEF CHAN HAN 6 4392 1980 2202 435

TANK BUNGA KELANA 4 105815 1999 17060 464

TANK BUNKA KELANA 6 105811 1999 17064 463

China


N/A N/A N/A

Pakistan


N/A N/A N/A

0

100

200

300

400

500

600

US

D/t

on

Historical Demolition Prices (India Year's End)

TANKERS

BULKERS

Avg. Trend


13

Turkey


N/A N/A N/A

Other


BULK SHINYO BRILLIANCE 172589 2001 21198 440 As is Singapore

BULK VAN CHERRY 12249 1994 16042 485 As is Singapore incl 400t ROB

CONT ANL WAHROONGA 68063 2002 23349 462 As is Singapore

CONT TVL XIAMEN 1164 1997 4700 382 As is Taiwan

TANK PEARL 44500 1997 12615 450 As is Singapore

TANK ZHEN HUA 8 44926 1980 15488 415 As is Fujairah

TANK BELOKAMENKA 360700 1980 52285 409 As is Belawan incl 1200t ROB

TANK CHEMTRANS SKY 63381 2000 13310 435 As is Singapore

TANK EAGLE ATLANTA 107160 1999 16717 445 As is Singapore

TANK EAGLE ANAHEIM 107160 1999 16717 443 As is Singapore

TANK EAGLE AUSUSTA 105345 1999 16830 445 As is Singapore


14

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 Fujairah Houston

380 cst MGO 380 cst MGO 380 cst MGO

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

2016 307 472 340 546 310 525

2017 367 579 376 627.5 356 612

28-Dec-18 315 490 335 732 362 567

0

100

200

300

400

500

600

700

800

US

D/t

on

Bunkers Cost (380 cst)

Rotterdam

Fujairah

Houston

Average Trend

0

200

400

600

800

1000

1200

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

De

c-1

8

US

D/t

on

Bunkers Cost (MGO)

Rotterdam

Fujairah

Houston

Average Trend


15

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 0.58062 0.901396 0.007128 0.79822 0.790582 0.55666

CAD 1.721706 1 1.55234 0.012278 1.374502 1.361411 0.958588

EUR 1.108912 0.644008 1 0.007905 0.885393 0.876892 0.617466

JPY 140.251259 81.423105 126.482944 1 112.000397 110.867127 78.066937

CHF 1.252386 0.727259 1.12919 0.008925 1 0.990249 0.697247

USD 1.264648 0.734421 1.140243 0.009019 1.009615 1 0.704113

AUD 1.795699 1.042818 1.619177 0.012806 1.433573 1.419919 1 * 27/12/2018 values

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1.00

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1.60

1.80

USD

-JP

Y

USD

-EU

R

CurrenciesUSD-EUR

USD-JPY

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60.00

80.00

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$/B

arr

el

Brent Oil


16

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 2.14 2.40 -10.8 3.60 2.05

Diana Shipping Inc. DSX 3.22 3.42 -5.8 5.16 3.03

Dryships Inc. DRYS 5.51 5.87 -6.1 6.90 2.74

Dynagas LNG Partners LP DLNG 3.30 4.09 -19.3 12.69 2.98

Eagle Bulk Shipping Inc. EGLE 4.43 4.65 -4.7 6.14 4.03

Euroseas Ltd. ESEA 0.61 1.01 -39.6 3.87 0.53

Costamare Inc. CMRE 4.51 5.28 -14.6 8.39 4.20

Navios Maritime Holdings NM 0.32 0.38 -15.8 1.48 0.20

GasLog Ltd. GLOG 16.89 20.46 -17.4 23.14 15.75

Safe Bulkers Inc. SB 1.80 2.08 -13.5 4.00 1.61

Star Bulk Carriers Corp. SBLK 8.95 9.63 -7.1 15.38 8.00

Stealthgas Inc. GASS 2.98 3.56 -16.3 4.70 2.76

TEN Inc. TNP 2.74 3.37 -18.7 4.15 2.61

TOP Ships Inc. TOPS 0.81 1.18 -31.4 3.49 0.69

Diana Containerships Inc. DCIX 0.70 0.96 -27.1 4.56 0.56

Danaos Corporation DAC 0.66 1.10 -40 2.50 0.56

Aegean Marine Petroleum ANW 0.03 0.04 -30 5.10 0.03 * 27/12/2018 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.

Documents

MONTHLY REPORT Baltic Dry Index - Hellenic Shipping News ...chemroad fuji 33888 2006 japan dh 15.3 mio norwegian (sus 316l) ... 350 450 550 650 750 850 950 ... frontier coronet 182674