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
June 2013
M O N T H L Y R E P O R T
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Baltic Dry Index
PRICES TANKERS ($ MIO)
* Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Jun-13
VLCC 5Y 155.8 78.0 87.8 55.6 56.0 55.2
VLCC 10Y 131.0 59.5 64.3 34.1 35.0 34.6
SUEZMAX 5Y 106.0 57.0 62.8 45.6 40.2 39.5
AFRAMAX 5Y 76.8 40.5 44.5 34.7 28.0 28.0
AFRAMAX10Y 64.7 23.5 30.7 19.3 16.3 18.5
PANAMAX5Y 61.0 35.5 39.0 30.9 24.3 25.2
45K 5Y D/H 52.7 23.5 27.3 25.8 23.0 23.8
45K 10Y D/H 43.2 16.0 19.7 15.8 15.5 16.2
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* Jun-13
CAPESIZE 5Y 45.5 54.5 57.0 36.3 32.0 32.5
CAPESIZE 10Y 30.0 45.0 43.0 26.8 20.5 21.0
CAPESIZE 15Y 21.0 28.0 26.0 15.2 12.7 13.6
CAPESIZE 20Y 15.2 16.5 16.4 10.5 9.3 8.8
PANAMAX 5Y 25.5 35.0 38.5 26.4 18.0 19.2
PANAMAX 10Y 19.0 27.5 31.6 18.6 12.5 14.1
PANAMAX 15Y 12.5 22.0 23.1 12.4 8.3 8.7
PANAMAX 20Y 9.2 12.0 13.8 8.1 5.4 5.5
SUPRAMAX 5Y 24.0 27.5 31.9 26.4 23.3 20.0
HANDYMAX10Y 18.2 22.0 24.7 18.0 13.0 13.3
HANDYMAX15Y 13.0 17.5 20.0 11.1 8.7 8.5
HANDYMAX20Y 7.4 11.0 12.0 7.9 6.3 6.1
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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
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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 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Total
BULK 58 37 28 33 42 26 224 TANK 31 18 46 34 40 22 191 GAS 5 4 6 5 2 7 29 CONT 11 13 13 11 12 11 71 TWEEN 2 1 0 1 4 0 8 REEF 0 0 0 0 0 0 0 RORO 1 0 1 1 0 0 3 FERRY 0 0 0 1 0 0 1 CRUISE 0 0 0 0 0 0 0
Total 108 73 94 86 100 66 527
340
26
372
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
172
22
245
40
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
RATIH 10329 1996 JAPAN DH 4.2 MIO KOREAN SICHEM CONTESTER 19822 2007 JAPAN DH 21.1 MIO UNDISCLOSED (StSt) SICHEM DEFENDER 19999 2007 JAPAN DH 21 MIO UNDISCLOSED (StSt) CAPE BANKS 33540 1997 RUSSIA DH 7 MIO UNDISCLOSED ATLANTIC LUTETIA 35930 1999 KOREA DH 10 MIO UNDISCLOSED STAVANGER EAGLE 45898 2004 JAPAN DH 21.5 MIO ULTRAGAS
OVERSEAS MAREMAR 47236 1998 JAPAN DH 9.1 MIO UNDISCLOSED (Pending Court
Approval) SPP SACHEON S5120 51000 2014 KOREA DH * ENBLOC BSS▼ SPP SACHEON S5121 51000 2014 KOREA DH 67 MIO DUNYA DENIZCILIK (Ttl Price)
SUN 71675 1999 CHINA DH 6 MIO TOMINI (Bss as is with DD due) STAVANGER VIKING 105778 2004 JAPAN DH 21.5 MIO ULTRAGAS EAGLE PHOENIX 106127 1998 JAPAN DH 9.6 MIO CHINESE
ANEMONE 158589 2011 KOREA DH * ENBLOC BSS▼ MELITA 158658 2011 KOREA DH * ENBLOC BSS▼ MELODIA 158671 2011 KOREA DH * ENBLOC BSS▼ AMARYLIS 158777 2011 KOREA DH 216 MIO UNDISCLOSED (Ttl Price)
CAPTAIN X.KYRIAKOU 159113 2003 KOREA DH 28 MIO UNDISCLOSED (For conversion) KAMARI I 163038 1991 KOREA DH 10 MIO FAR EASTERN F ELEPHANT 275984 1989 KOREA DH 16 MIO UNDISCLOSED (Via Auction) BANDAISAN 281037 2000 JAPAN DH 21 MIO GREEK RYUOHSAN 281050 2000 JAPAN DH 21 MIO GREEK EAGLE VIENNA 318000 2004 KOREA DH 37.1 MIO GREEK
559
644
767
706
566
500
550
600
650
700
750
800
27 30 33 36 39 42 45 48 51 2 5 8 11 14 17 20 23 26
WEEK NO
Baltic Clean Tanker - Yearly
2013 2012
606
665
772
583
500
550
600
650
700
750
800
27 30 33 36 39 42 45 48 51 2 5 8 11 14 17 20 23 26
WEEK NO
Baltic Dirty Tanker - Yearly
2013 2012
587
570
552
530
540
550
560
570
580
590
03/06/2013 10/06/2013 17/06/2013 24/06/2013
Baltic Clean Tanker - Monthly
609 601
580
560
570
580
590
600
610
620
03/06/2013 10/06/2013 17/06/2013 24/06/2013
Baltic Dirty Tanker - Monthly
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GAS SALES
NAME DWT BLT CBM PRICE $ BUYER
OCEAN PRISM 8587 2007 KOREA 7883 27 MIO SINOGAS MAPLE 2 49345 1991 JAPAN 75353 24.5 MIO TURKISH (With TC attached til mid 2015)
DERBY 53028 2011 JAPAN 80156 * ENBLOC BSS▼ MAERSK VISUAL 58063 2007 KOREA 80616 * ENBLOC BSS▼ MAERSK VIRTUE 58123 2007 KOREA 80656 * ENBLOC BSS▼
MAERSK VENTURE 58159 2008 KOREA 80360 * ENBLOC BSS▼ MAERSK VALUE 58423 2007 KOREA 80645 310 MIO BW GAS (Ttl Price)
15280
5610
12370
0
10000
20000
30000
40000
50000
Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13
$/D
ay
Spot Market - Tankers VLCC
SUEZMAX
AFRAMAX
17900
15500
13100
5000
10000
15000
20000
25000
30000
Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
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BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
DA XIN HUA QIU SHUN
5480 1998 CHINA GLESS 1 MIO UNDISCLOSED
VIETFRACHT-02 8237 1993 JAPAN C 2X25, C
2X15 1.55 MIO INDONESIAN
NATACHA C 10621 2003 NETHERLANDS
C 2X60 7.4 MIO UNDISCLOSED
VTC LIGHT 21964 1995 JAPAN C 4X30 4.2 MIO FAR EASTERN VOSTOK 23524 1996 JAPAN C 4X30 4.95 MIO GREEK ANGEL ISLAND 28510 2004 JAPAN C 4X30 13 MIO GREEK CLIPPER FAITH 29501 1998 CHINA C 5X30 6.4 MIO GREEK-AMERICAN (Court Sale)
TIMARU STAR 31893 2004 JAPAN C 4X30 12.9 MIO PACIFIC BASIN (Exercising
Purchase Option) NEW AMBITION 35313 2004 JAPAN C 4X30 14.3 MIO GREEK LANCELOT 56032 2005 JAPAN C 4X30 18.7 MIO GREEK ZHEJIANG ZENGZHOU 011
64000 2013 CHINA C 4X30 24 MIO TURKISH
EVRIALOS 68407 1987 JAPAN GLESS 4.5 MIO CHINESE APOSTOLOS 70119 1995 JAPAN GLESS 7.1 MIO UNDISCLOSED GOLDEN GLORY 70296 1996 JAPAN GLESS 7.5 MIO INDIAN EXCALIBUR 73976 1999 JAPAN GLESS 10.8 MIO GREEK
PIPAVAV P016 74300 2013 INDIA GLESS * ENBLOC BSS▼ PIPAVAV P015 74300 2013 INDIA GLESS 51 MIO NORWEGIAN (Ttl Price)
NAVIOS CIELO 75834 2003 JAPAN GLESS 14.6 MIO UNDISCLOSED RED SETO 75957 2002 JAPAN GLESS 13.8 MIO GREEK KONYO 77561 1999 JAPAN GLESS 8 MIO UNDISCLOSED
533 552
510
520
530
540
550
560
570
03/06/2013 10/06/2013 17/06/2013 24/06/2013
Baltic Handysize
2 889
916
944
950
840
860
880
900
920
940
960
03/06/2013 10/06/2013 17/06/2013 24/06/2013
Baltic Supramax
2
786
859
976
700
750
800
850
900
950
1000
1050
03/06/2013 10/06/2013 17/06/2013 24/06/2013
Baltic Panamax
41352
1588
2120
1200
1400
1600
1800
2000
2200
03/06/2013 10/06/2013 17/06/2013 24/06/2013
Baltic Capesize
4 38
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7
MIZUNAGI MARU 82619 2006 JAPAN GLESS 18.4 MIO UNDISCLOSED SHOHO 87996 1995 JAPAN GLESS 6.6 MIO CHINESE BOSPORUS 150973 1995 KOREA GLESS 9.5 MIO CHINESE STAR FORTUNE 170974 1999 JAPAN GLESS 15.3 MIO CHINESE MINERAL SINES 172319 2002 KOREA GLESS 20.1 MIO GREEK ATLANTIC PRINCESS 180202 2003 JAPAN GLESS 20.2 MIO GREEK (SS/DD due 09/2013)
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
MCC SINAG 11810 2006 CHINA C 2X45 966 8.7 MIO UNDISCLOSED TAMPA BAY 13691 2006 CHINA C 2X45 1118 11.8 MIO GREEK TURTLE BAY 13715 2006 CHINA C 2X45 1118 11.8 MIO GREEK
WEHR FLOTTBEK 22878 1999 POLAND C 3X40 1730 5.85 MIO GREEK CSAV ROTTERDAM 23400 2005 CHINA C 2X45 1740 10 MIO UNDISCLOSED
YK SASSANDRA 28879 1999 JAPAN C 2X40 2135 7.5 MIO UNDISCLOSED MARFRET SORMIOU 33220 2001 KOREA C 4X45 2622 10 MIO GREEK
JACOB SCHULTE 34200 2013 CHINA C 3X45 2546 * ENBLOC BSS▼ JULIUS SCHULTE 34200 2013 CHINA C 3X45 2546 * ENBLOC BSS▼ RIO ANGELINA 34200 2013 CHINA C 3X45 2546 74.25 MIO KLAVENESS (Ttl Price)
E.R. BREMEN 34418 2003 ROMANIA C 3X45 2496 11.2 MIO UNDISCLOSED
12000
5060
8525
0
5000
10000
15000
20000
25000
Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13
$/D
ay
Spot Market - Bulkers CAPESIZE
PANAMAX
HANDYMAX
13250
8225
8240
5000
6000
7000
8000
9000
10000
11000
12000
13000
14000
15000
Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13
$/D
ay
Period Market - Bulkers 1 Year T/C CAPE
PMAX
HANDYMAX
44
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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 16 9 13 3 0 0 0 25
Capesize 36 72 59 41 8 0 0 180
Small Cape 23 29 22 7 3 0 0 61
Panamax 110 230 128 35 2 0 0 395
Supramax 120 186 124 38 7 0 0 355
Handys 90 153 125 60 6 0 0 344
Total 395 679 471 184 26 0 0 1360
Tanker Orderbook
Ship Type 2013 (deliv) 2013 2014 2015 2016 2017 2018+ Total
ULCC/VLCC 18 26 28 9 1 0 0 64
Suezmax 21 25 17 9 4 0 0 55
Aframax 13 9 36 27 2 0 0 74
Panamax 5 10 8 5 3 0 0 26
MR 45 50 87 58 17 2 0 214
Handy 2 5 14 2 0 0 0 21
Total 104 125 190 110 27 2 0 454
LPG Tank Orderbook
Ship Type 2013 (deliv) 2013 2014 2015 2016 2016+ Total
VLGC 7 4 10 9 0 0 23
LGC 0 0 0 1 0 0 1
MR 1 5 6 6 2 0 19
Handy 2 9 10 4 0 0 23
Small 15 20 15 6 0 0 41
Total 25 38 41 26 2 0 107
89.1
55.4 46.6
33.4
0
20
40
60
80
100
120
Jun-11 Oct-11 Feb-12 Jun-12 Oct-12 Feb-13 Jun-13
$m
Tanker Prices VLCC Suezmax
Aframax MR
1
5
3
47
25.5
24.4
20.8
0
10
20
30
40
50
60
Jun-11 Oct-11 Feb-12 Jun-12 Oct-12 Feb-13 Jun-13
$m
Bulker Prices Capesize Panamax
Handymax Handysize
5
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
9
163 169
140
440
260 250 225
70 74
0
100
200
300
400
500
2011 2012 Jun-13
No
. o
f V
es
se
ls
Newbuilding Sales Tankers >10,000 dwt
Bulkers >10,000 dwt
Containerships
61.8
39.3
18.9 21 21.1
9
0
10
20
30
40
50
60
70
Jun-13 2014 2015+
m. d
wt
Delivery Schedule Bulkers >10,000 dwt.
Tankers >10,000 dwt
21
9.4 7.7
2.1
12
0
5
10
15
20
25
June 2013
m.
dw
t
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products
48
37.3
25.8
11.8
0
10
20
30
40
50
60
June 2013
m. d
wt
Bulker Newbuildings on Order Capesize Panamax
Handymax Handysize
Newbuilding Historical Prices ($m)
Tankers Jun-13 2012 2011 2010 2009 2008 2007 2006 2005 2000 1995 1990 1985
310,000 DWT1 89.1 93.2 98.9 104.8 97.5 150 145 130 120 76.5 85.3 87.4 2 38.2
170,000 DWT1 55.4 57.1 60.3 66.3 61 90 90 80 71.5 52.5 54 66.1 2 28.2
110,000 DWT1 46.6 48.5 52.2 56 49.5 74 72 65.5 58 41.5 43.3 53.2 2 18.1
47,000 DWT1 33.4 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 47 45.7 48.4 57.2 55.5 87 96 67 58.5 40.5 42.3 60.2 29.3
73,000 DWT1 25.5 25.6 28.7 34.3 34.5 45.5 54 39.5 36 22.5 27.9 30 13.4
45,000 DWT 24.4 23.7 26.7 31.1 29 41 47.5 37 31 20.5 24.1 25.3 12.4
29,000 DWT 20.8 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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The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.
BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.
BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.
BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.
BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.
BULK 34000 Oshima S.B. Co. 2015 Fednav Ltd.
BULK 60000 Chengxi Shipyard 2015 dACC Maritime
BULK 60000 Chengxi Shipyard 2015 dACC Maritime
BULK 61000 Imabari S.B. 2016 28 Mio Belships ASA
BULK 61000 Imabari S.B. 2015 28 Mio Belships ASA
BULK 63800 COSCO Zhoushan 2015 Lomar Shipping
BULK 63800 COSCO Zhoushan 2015 Lomar Shipping
BULK 63800 COSCO Zhoushan 2015 Lomar Shipping
BULK 63800 COSCO Zhoushan 2015 Lomar Shipping
BULK 64000 Sainty SB (Yangzhou) 2015 Smooth Shipping Ltd.
BULK 64000 Sainty SB (Yangzhou) 2015 Smooth Shipping Ltd.
BULK 64000 Sainty SB (Yangzhou) 2015 Smooth Shipping Ltd.
BULK 64000 Sainty SB (Yangzhou) 2014 Smooth Shipping Ltd.
BULK 64000 Sainty SB (Yangzhou) 2014 Smooth Shipping Ltd.
BULK 64000 Sainty SB (Yangzhou) 2014 Smooth Shipping Ltd.
BULK 64000 Chengxi Shipyard 2015 Greathorse Shipping
BULK 64000 Chengxi Shipyard 2015 Greathorse Shipping
BULK 64000 Chengxi Shipyard 2016 Wah Kwong Shpg.
BULK 64000 Chengxi Shipyard 2016 Wah Kwong Shpg.
BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.
BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.
BULK 64000 New Times S.B. 2015 Sammok Shipping Co.
BULK 64000 New Times S.B. 2015 Sammok Shipping Co.
BULK 76500 Imabari S.B. 2015 Tai Chong Cheang
BULK 81600 Tsuneishi Zhoushan 2015 27.77 Mio Wisdom Marine Lines
BULK 81600 Tsuneishi Zhoushan 2015 27.77 Mio Wisdom Marine Lines
Chem & Oil 38000 Hyundai Mipo 2014 31.6 Mio Scorpio Tankers
Chem & Oil 38000 Hyundai Mipo 2014 31.6 Mio Scorpio Tankers
Chem & Oil 38000 Hyundai Mipo 2014 31.6 Mio Scorpio Tankers
Chem & Oil 38000 Hyundai Mipo 2014 31.6 Mio Scorpio Tankers
CONT 27000 Guangzhou Wenchong 2015 Lomar Shipping
CONT 110000 Hyundai Samho 2015 Asiatic Llloyd Shipping
CONT 110000 Hyundai Samho 2015 Asiatic Llloyd Shipping
CONT 115000 Hyundai H.I. 2015 83 Mio Oceanbulk Maritime
CONT 115000 Hyundai H.I. 2015 83 Mio Oceanbulk Maritime
Cruise 15000 Meyer Werft 2016 Royal Caribbean
Dredger IHC Merwede 2015 HUTA Marine
Drillship 60600 Samsung H.I. 2015 625 Mio Ensco
GenCgo 12000 Japan Marine United 2015 13.65 Mio China Steel Corp
GenCgo 12000 Japan Marine United 2015 13.65 Mio China Steel Corp
LNG 75000 Mitsubishi H.I. 2016 Ocean Breeze LNG
LNG 105000 Kawasaki H.I. 2016 K-Line
LPG 4000 Kitanihon Zosen 2014 Epic Pantheon
LPG 4000 Kitanihon Zosen 2014 Epic Pantheon
LPG 4500 Murakami Hide 2015 Geogas Maritime SAS
MSV Batamec S.Y. 2014 50 Mio Unknown
Pipe Layer Llloyd Werft 2014 Ceona
Products 50000 Guangzhou S.Y. Int. 2015 Trafgura Beheer
Products 50000 Guangzhou S.Y. Int. 2015 Trafgura Beheer
Products 50000 Guangzhou S.Y. Int. 2015 Trafgura Beheer
Products 50000 Guangzhou S.Y. Int. 2015 Trafgura Beheer
Products 50000 Gen. Dynamics NASSCO 2016 American Petroleum
Products 50000 Gen. Dynamics NASSCO 2016 American Petroleum
Products 50000 Gen. Dynamics NASSCO 2015 American Petroleum
Products 50000 Gen. Dynamics NASSCO 2015 American Petroleum
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Products 50000 Hyundai Mipo 2015 Alterna Capital
Products 50000 Hyundai Mipo 2015 Alterna Capital
Products 52000 Samsung Ningbo 2015 32 Mio Capital Ship Management
Products 52000 Samsung Ningbo 2015 32 Mio Capital Ship Management
Products 52000 Samsung Ningbo 2015 32 Mio Capital Ship Management
Products 52000 Samsung Ningbo 2015 32 Mio Capital Ship Management
Products 114000 Hyundai H.I. 2015 Kyklades Maritime
Products 114000 Hyundai H.I. 2015 Kyklades Maritime
Products 114000 Daewoo 2015 52 Mio Scorpio Tankers
Products 114000 Daewoo 2015 52 Mio Scorpio Tankers
Products 114000 Hyundai Samho 2015 52 Mio Scorpio Tankers
Products 114000 Hyundai Samho 2015 52 Mio Scorpio Tankers
TANKER 114000 Namura Shipbuilding 2016 Tai Chong Cheang
TANKER 114000 Namura Shipbuilding 2016 Tai Chong Cheang
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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
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
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
21.7
0
10
20
30
40
50
60
Mill
ion
dw
t
Total Demolition (Dwt)
* Bss reported sales
Demolition Prices Gen Cargo Tanker
India USD 380 /lt Ldt USD 405 /lt Ldt
Bangladesh USD 385 /lt Ldt USD 405 /lt Ldt
Pakistan USD 390 /lt Ldt USD 420 /lt Ldt
China USD 290 /lt Ldt USD 300 /lt Ldt
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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 186 182 172 115 136 174 135 174 262 362 302 405 507 287 338 485 482 400 405 BULK 166 153 152 112 143 170 135 181 267 381 332 392 472 268 328 437 456 370 380
India
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK CHIEF 23509 1985 5214 401
BULK ALIAS 43309 1984 8522 412
BULK ERISOS 97161 1989 16292 435 Incl 600T ROB
CONT ST. NIKOLAOS 23465 1994 6850 445
CONT VERACRUZ EXPRESS 40870 1987 16809 428 As is Fujairah with sufficient ROB fr trip to India
CONT SARGASSO SEA 44690 1995 14943 443
CONT IBN SINA 45470 1993 12517 422
CONT NORTH SEA 46975 1992 14485 440
CONT MSC VENEZUELA 60348 1996 20750 440
GAS LADYSHIP 2367 1980 2154 375
GAS GAS EURASIA 3043 1981 1547 375
RORO LUCIE DELMAS 22564 1978 16997 428 As is Colombo with sufficient ROB fr trip to India
TANK JAG PREETI 29139 1981 8615 440 As is Colombo with sufficient ROB fr trip to India
Bangladesh
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK DD FIDELITY 23508 1984 5365 410
BULK XINHUI 37607 1982 7772 410
BULK VLADIMIR PETRENKO 38099 1985 7168 405
BULK HANJIN PITTSBURG 38393 1990 8123 372 As is Hong Kong incl 120T ROB
BULK JIMBLOOM 39834 1988 10257 * ENBLOC BSS▼ BULK JIMFLUSH 39872 1988 10257 * ENBLOC BSS▼ BULK JIMRISE 39988 1988 10257 420 (Price Each)
BULK GEMMY 64933 1984 11046 385 As is Taiwan incl 300T ROB
BULK VELOS 65702 1991 11572 420
BULK OCEAN MIRA 151418 1990 17411 425
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
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
CONT MERKUR BRIDGE 12575 1993 5248 295 Under tow
CONT HONG HAO 29744 1994 8926 335
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK GEORGIOS S 64368 1987 11047 420
BULK HONG EXPRESS 96018 1990 14120 411
BULK PACIFIC BEAUTY 263124 1992 39950 425
TANK ATLAN NAVIGATOR 107181 1998 16696 440
TANK VENETIA 149997 1995 22344 438 As is Spore incl 250T ROB
Turkey
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
RORO FILIPPOS 9928 1973 5490 302
Undisclosed
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
TANK BRAMANI 96672 1990 15327 385 As is Indonesia
TWEEN YACI TASKI 13864 1988 6767 260 As is Houston
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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
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
Jun-13 575 867 609 985 570 952
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.
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 0.6199 0.8483 0.006655 0.6917 0.6502 0.6033
CAD 1.6137 1 1.3687 0.010738 1.116 1.0491 0.9734
EUR 1.1791 0.7308 1 0.007846 0.8154 0.7666 0.7112
JPY 150.303 93.1636 127.486 1 103.952 97.7212 90.666
CHF 1.4462 0.8964 1.2266 0.009623 1 0.9403 0.8724
USD 1.5381 0.9534 1.3046 0.010235 1.0638 1 0.9278
AUD 1.6581 1.0277 1.4063 0.011033 1.1468 1.078 1 * 26/06/2013 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
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
17
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 0.17 0.20 -15 2.73 0.13
Capital Product Partners CPLP 9.15 8.88 3 9.55 5.79
Diana Shipping Inc. DSX 9.63 10.22 -5.8 11.09 5.89
Dryships Inc. DRYS 1.73 1.89 -8.5 2.74 1.46
Eagle Bulk Shipping Inc. EGLE 3.40 4.25 -20 5.96 1.32
Euroseas Ltd. ESEA 1.02 1.07 -4.7 1.36 0.86
Excel MarItime Carriers Ltd.
EXMCF 0.04 0.04 0 1.30 0.03
Freeseas Inc. FREE 0.49 0.66 -25.2 7.80 0.34
Genco Shipping & Trading GNK 1.62 1.62 0 4.54 1.12
Costamare Inc. CMRE 17.28 16.71 3.4 17.78 12.08
Goldenport Holdings Inc. GPRT 29.25 36.25 -19.3 64.50 29.25
Navios Maritime Holdings NM 5.17 5.58 -7.3 5.70 3.17
GasLog Ltd. GLOG 12.61 13.48 -6.5 13.96 9.46
Paragon Shipping Inc. PRGN 4.01 4.80 -16.5 6.00 1.91
Safe Bulkers Inc. SB 5.18 5.32 -2.6 6.66 3.12
Star Bulk Carriers Corp. SBLK 5.69 5.95 -4.4 11.70 5.28
Stealthgas Inc. GASS 10.16 9.82 3.5 12.10 5.50
TEN Inc. TNP 4.46 4.90 -9 6.19 3.04
TOP Ships Inc. TOPS 1.45 1.47 -1.4 1.87 0.70
Box Ships Inc. TEU 3.91 4.16 -6 8.70 3.61
Diana Containerships Inc. DCIX 4.54 5.92 -23.3 7.73 4.53
Danaos Corporation DAC 4.11 4.30 -4.4 4.50 2.44
Aegean Marine Petroleum ANW 8.66 8.68 -0.2 10.35 4.48
* 26/06/2013 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.
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