s&p monthly report august...
TRANSCRIPT
www.cotzias.gr – visit our constantly updated website AUGUST 2009
Ship sale volume: Aug-09 Jul-09
88 130 last month
72 108 last month
16 22 last month
Scrap volume:
125 84 last month
$720/ldt INDIA
Newbuilding Ships Prices (31/8/2009) (in mil USD)Dry Cargo CAPE 2/1/2009 PMX 2/1/2009 HMAX 2/1/2009
NEWBUILDING $65.0 $50.0 $39.0 $35.0 $32.0 $27.0
Tanker Ships VLCC 2/1/2009 SUZ 2/1/2009 AFR 2/1/2009
NEWBUILDING $110.0 $114.0 $71.5 $91.0 $50.5 $74.0
PAN 2/1/2009 PROD 2/1/2009
$45.2 $60.0 $38.0 $51.0
Average Dry cargo T/C Earnings (worldwide routes):
Aug-09 Jul-09 Jun-09 May-09
$41,528 $56,800 $71,154 $39,066
Large Bulkers 144,000 – 85,000 dwt: $24,583 $36,444 $22,375 $18,287
Panamax 82,000 – 59,000 dwt: $20,055 $23,849 $24,219 $17,270
Handymax 59,000 – 48,000 dwt: $20,866 $21,819 $19,477 $16,847
Handy 48,000 – 40,000 dwt: $15,217 $18,274 $16,735 $14,770
Bulkers 40,000 – 30,000 dwt: $15,594 $13,705 $12,581 $13,074
Small Bulkers 30,000 – 12,000 dwt: $12,088 $11,400 $13,007 $11,773
Scrap Prices for AUGUST 2009
CHINA HIGH $314 AVERAGE $268 AUG 2009 AVERAGE $287 INDIA HIGH $720 AVERAGE $301 JUL 2009 AVERAGE $250
BANGLADESH HIGH $370 AVERAGE $300 JUN 2009 AVERAGE $251 PAKISTAN HIGH $310 AVERAGE $273 MAY 2009 AVERAGE $232
TURKEY HIGH $188 AVERAGE $179 APR 2009 AVERAGE $262 275.99BALTIC INDICES % since
31-Aug-09change since LAST MONTH 31-Jul-09 30-Jun-09 29-May-09
2421 -27.73% 3350 3757 3494
2157 -32.23% 3183 2904 2900
1740 -16.39% 2081 1701 1831
3946 -26.72% 5385 7241 6125
433 -6.88% 465 465 481
500 5.49% 474 648 482COMMENTS:
Executive Summary
Dry cargo Ships sold this month:
Total number of Ships sold this month:
Wet cargo Ships sold this month:
Ships scrapped this month:
Baltic Cape Index
Highest Scrap Price paid this month:
Capes >144,000 dwt:
Baltic Dry Index
Baltic Panamax Index
Baltic Supramax Index
GENERAL SCRAP PRICE AVERAGE
Baltic Clean Tanker Index
Baltic Dirty Tanker Index
8 months have been concluded in a year that we all feared and believed that nothing would really be as we had been accustomed nor a market that we would all feel familiar with. A market that from day 1 of 2009, saw the immediate results of plumented ships prices, the fact that "Money was too tight to mention" and available Ship Finance being solely cash in owners pockets while any bank equity was and still is just a scarce and precious commodity. However and despite all the pessimists and "Cassandra's" in our industry the Sale and Purchase market survived and has performed a great number of deals. 883 deals have been perfromed so far in 2009, 689 dry bulk deals & 194 tanker&gas deals. The Newbuilding market is holding back many units on order have been delayed a few cancelled and only this month it has really given us the first Cape Dry Bulk New Order at a price that shows that what was seling for $110mil one year ago, can be contracted for $55-$62mil today.
Greeks have lost their top of the pops, drivers seat, and have given long time now way to the Chinese who are coming very strong as the new dominant buyer Nation. 192 units in both wet and Dry sectors have been snatched by Chinese buyers while Greeks are following with 162 units. Greeks have outperformed quite impressively the Chinese in terms of capital outlay as $3.2billion USD has been spent by our fellow countrymen with Chinese having much less approx $2.38billion being spent. In terms of dwt carrying capacity Chinese have added 11.9million tonnes of tonnage (wet+dry) while Greeks have added somewhat less at 9million tonnes.
AUGUST 2009 S&P MONTHLY REPORT
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 1 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
2009
NAME TYPE YEAR BUILT DWT GEAR PRICEBUYERS
NAMEBUYERS NATION
NOTES IMO
NAVIOS ALBA RESALE1
BC 2010 KOREA 180,000 - $70.75m -
NAVIOS ALBA RESALE2
BC 2010 KOREA 180,000 - $70.75m -
ORIENTAL ANGEL BC 2009 SASEBO 179,764 - $72.00mFIVE STAR SHIPPING
CHINASELLERS ARE CIDO
SHIPPING 9402287
BRILLIANT ARC BC 2002 MITSUI CHIBA 177,463 - $53.90mCHINESE BUYERS
CHINASELLERS ARE NISSEN KAIUN CO LTD, JAPAN.
OTHER REP SAYS $53MIL9258105
FORTUNE OCEAN BC 2006 SASEBO H.I. 76,801 - $38.00m 9304576
FORTUNE PRINCESS
BC 2006 OSHIMA 76,635 - $39.00m 9343326
ORANGE TIGER BC 1998 SANOYAS 75,752 $27.25mCHINESE BUYERS
CHINA
SELLERS ARE DAISHIN SHIPPING JAPAN. OTHER REP SAYS $27 MIL USD.
DELIVERY 4TH QUARTER 2009
9178408
RICHMOND BC 1995 DENMARK 75,265 - $20.50mCHINESE BUYERS
CHINA
INCLUDING A TIME CHARTER TO GMI FOR 12-
14MOS TRADING AT $18,200 PER DAY GROSS (6.5% COMMS) - SELLERS ARE OCEANFREIGHT INC
GREECE
9085936
BULK FERN BC 1997HALLA SAMHO
73,322 $22.50mCHINESE BUYERS
CHINA
SELLERS ARE UNISEA SHIPPING LTD GREECE - DELIVERY MARCH 2010
WHEN CURRENT T/C EXPIRES - IN MAR 2008
SHE WAS PART OF A TWOVESSEL ENBLOC DEAL
9137636
HUMBER BC 1982 HYUNDAI 70,912 1466 TEU $5.80mCHINESE BUYERS
CHINA
OTHER REP SAYS $5.9MILOTHER $4.6MIL USD -
SELLERS ARE SEA PIONEER SHIPPING CORP
GREECE
8015673
GOLDEN JOY BC 1994JIANGNAN SHIPYARD
70,044 - $16.50mCHINESE BUYERS
CHINA
SHE WAS REPORTED SOLD IN NOV 2007 FOR
$62.5MIL - SELLERS ARE KLAVENESS NORWAY
9113563
MORNING CLOUD BC 1983 CHINA 66,755 - $7.00mCHINESE BUYERS
CHINASELLERS ARE ZODIAC
MARITIME AGENCIES LTD UK
8025795
VANCOUVER VICTORY
BC 1981HITACHI ZOSEN
64,236 4X25T $5.20mCHINESE BUYERS
CHINASELLERS ARE PIONEER
SHIP MANAGEMENT LLC, UAE
8010843
TSUNEISHI ZHOUSHAN1
BC 2009TSUNEISHI ZHOUSHAN
58,752 4X30T $31.50m -
TSUNEISHI ZHOUSHAN2
BC 2010TSUNEISHI ZHOUSHAN
58,752 4X30T $31.50m -
ANNA-JOHANNA BC 2009TSUNEISHI
HEAVY CEBU58,500 4X30T $34.50m
CHINESE BUYERS
CHINA
OTHER REP SAYS GREEKBUYERS - SELLLERS ARE
BLUMENTHAL JMK GERMANY
9403190
NORDEN BC 2005 MITSUI CHIBA 56,032 4X30T $32.10mGREEK
BUYERSGREECE
OTHER REP SAYS TURKISH BUYERS AT
$31MIL - SELLERS ARE NORDEN DENMARK
9332963
NORD EMPATHY BC 2006KAWASAKI
HEAVY INDUSTRY
55,803 4X30.5T $31.00m IDC TURKEY
SHE WAS REPORTED SOLD IN JAN 2009 FOR $29MIL USD - SELLERS ARE NORDEN SHIPPING
SINGAPORE
9324069
DRY CARGO SHIPS SOLD DURING THIS MONTH AUGUST
GREEK BUYERS
GREECE
SELLERS ARE CIDO SHIPPING HONG KONG, CHINA - SOLD ENBLOC FORTUNE PRINCESS,
FORTUNE OCEAN FOR $39m & $38m EACH - PREVIOUS SALE TO CHINESE BUYERS REPORTED EARLY AUGUST FAILED AT $37.5MIL EACH UNIT
ENBLOC 2 ALBA RESALESFOR DELY DEC 2010 AND OCT 2010 FOR $141.5MIL USD BOTH UNITS - BOTH
UNITS HAVE A T/C ATTACHED 1O YEARS AT
$29,356 PER DAY - CHARTS AND NAVIOS
WILL SHARE 50/50 PROFITSHARE FOR RATE IN
EXCESS OF $38,500 PER DAY
NAVIOS MARITIME
GREECE
J.J. UGLAND NORWAY
SOLD ENBLOC 2XKAMBARA KISEN JAPAN RESALES AT $31.5m EACH UNIT -
SELLERS ARE KAMBARA KISEN CO JAPAN
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 2 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
VICTORIA II BC 2009TAIZHOU JIANTIAO
55,303 4X36T $26.00mITALIAN BUYERS
ITALY
SELLERS ARE TANTO INTIM LINE, INDONESIA.
SHE HAD BEEN REPORTED SOLD ON
SUBJECTS TO TOP SHIPS IN MAY 2009 FOR THE
SAME PRICE.
9546198
PL STAR BC 2003 JAPAN 53,074 4X30T $29.50m UNICOTIN GREECE CHINESE SELLERS 9291353
DESERT SUN BC 1995DANYARD
FREDERIKSHAVN
50,492 4X25T $19.00m 9102045
DESERT DAWN BC 1995DANYARD
FREDERIKSHAVN
48,218 4X25T $19.00m 9202057
TURICUM BC 1995 OSHIMA 47,639 4X25T $16.00mGREEK
BUYERSGREECE
SELLERS ARE REEDEREI ZURICH AG,
SWITZERLAND. DELIVERYIN FEB 2010
9102344
OCEAN KING BC 2001MINAMI-NIPPON USUKI
47,314 4X30T $24.00mUNDISCLOSED
BUYERS-
SELLERS ARE YAMAMOTO KAIUN KK
JAPAN9233985
BLUE SEAS BC 1995TSUNEISHI
SHIPBUILDING 45,654 4X30T $17.60mCHINESE BUYERS
CHINA
SELLERS ARE PARAGON SHIPPING (ALLSEAS) GREECE - SHE WAS
ACQUIRED BY ALLSEAS MARINE IN SEP 2006 FOR
$29.5MIL USD
9104550
K. SILVER BC 1996 DAEWOO 43,798 4X30T $16.50mCHINESE BUYERS
CHINASELLERS ARE MARITIME
LEASING PTE LTD SINGAPORE
9125578
NOA BC 1985 TSUNEISHI 43,590 4X25T $7.25mUNDISCLOSED
BUYERS-
SELLERS ARE ZODIAC MARITIME AGENCIES UK 8317461
BAUTA BC 1987 HYUNDAI 41,756 4X25T $9.00m 8412168
BALLANGEN BC 1987 HYUNDAI 41,630 4X25T $9.00m 8419582
ADRIANOPLE BC 1984SHIN
KURUSHIMA37,753 4X25T $5.40m
UNDISCLOSED BUYERS
-
SELLERS ARE MARMARAS NAVIGATION,
GREECE. OTHER REP SAY $6m
8323666
YARE BC 1985 KURUSHIMA 37,568 4X25T $5.80mUNDISCLOSED
BUYERS-
SELLERS ARE EASTWIND SHIPMANAGEMENT PTE,
SINGAPORE. WAS REPORETED SOLD IN MAR 2008 FOR $30MIL
USD TO TURKISH BUYERS
8323678
FORTUNE SPIRIT BC 2005SHIN
KURUSHIMA33,562 4X30T $23.00m
CHINESE BUYERS
CHINASELLERS ARE CIDO
SHIPPING HONG KONG, CHINA
9300910
BRIGHT OCEAN 2 BC 1999SAIKI
JUKOGYO32,128 4X30T $17.50m
TURKISH BUYERS
TURKEY
SELLERS ARE MK SHIPMANAGEMENT
JAPAN. SHE HAD BEEN REPORTED SOLD IN
MARCH 09 AT $17m TO UNDISCLOSED BUYERS
9205952
HAKODATE RESALE 834
BC 2010HAKODATE
DOCK31,833 4X30T P&C DEAL 9427134
HAKODATE RESALE 833
BC 2010HAKODATE
DOCK31,833 4X30T P&C DEAL 9427134
YUCATAN BC 1996NAIKAI ZOSEN
30,838 4X25T $11.00m FREESEAS GREECE
REPORTED SOLD TO FREESEAS, WHO
ACCORDING TO THEIR PRESS RELEASE HAVE
ACQUIRED HER AS A DISTRESSED ASSET -
SELLERS ARE LIQUIDATORS OF
EASTWIND (MARSHALL SALE)
9146819
SOLD ENBLOC BAUTA & BALLANGEN FOR $18MIL BOTH UNITS - SELLERS
ARE KLAVENESS MARITIME LOGISTICS
NORWAY
WISDOM MARINE
CHINA
ENBLOC HAKODATE 834 AND HAKODATE 833
SOLD TO TAIWANESE BUYERS - SELLERS ARE
CIDO SHIPPING HONG KONG CHINA - HAKODATE
834 DELY JUNE 2010 - HAKODATE 833 DELY
JUNE 2010
UNDISCLOSED BUYERS
-
UNDISCLOSED BUYERS
-
SELLERS ARE ATLANTIC BULK CARRIERS GREECE
SOLD ENBLOC DESERT SUN AND DESERT DAWN
TO UNDISCLOSED BUYERS
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 3 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
KOVDOR BC 1984AUSTIN &
PICKERSGILL 30,650 4X25T $5.00mTURKISH BUYERS
TURKEY
SELLERS ARE SOBELMARSHIPPING NV, BELGIUM -
OTHER REP SAYS FAREASTERN BUYERS -
SS/DD DUE
8118126
OCEAN LOTUS BC 2004IMABARI IMABARI
28,100 4X30.5T $20.00mGREEK
BUYERSGREECE
SELLERS ARE MISUGA KAIUN CO LTD JAPAN 9312315
ISLAND TRIANGLE BC 1984 HITACHI 28,012 4X25T P&C DEALGREEK
BUYERSGREECE
SELLERS ARE ELMIRA SHIPPING AND TRADING
GREECE8312100
GULER S BC 1977HAYASHIKANE SHIPBUILDING 27,832 5X25T $2.30m
CHINESE BUYERS
CHINASELLERS ARE SARIOGLU
DENIZCILIK TURKEY 7627429
ACX DAHLIA CONT 1998KANASASHI TOYOHASHI
24,542 1675 TEU $6.20mUNDISCLOSED
BUYERS-
SELLERS ARE HOKOKU MARINE CO LTD JAPAN 9167473
OOCL ABILITY CONT 1997 JAPAN 24,336 1560 TEU $6.50mVICTORIA
OCEANWAYGREECE 9159842
SILVER LAKES MPP 1986MATHIAS-
THYSEN WERF 23,929 4X25T $4.00mUNDISCLOSED
BUYERSSELLERS ARE RAIDER
LTD, RUSSIA 8503072
OCEAN BIRD CONT 2008 CSBS 22,3142X40T 1713
TEU$20.00m 9357535
OCEAN SPICA CONT 2008 CSBS 22,3142X40T 1713
TEU$20.00m 9357547
SANA BC 1983SHIN
YAMAMOTO ZOSENSHO
21,3733X25tT D1X25T
$4.00mTURKISH BUYERS
TURKEY
SELLERS ARE SAMIN SHIPPING CYPRUS. SHE HAD BEEN REPORTED
SOLD TO HER PRESENT SELLERS AT LEVELS OF
$7m.
8301620
ANNA E CONT 1992 GERMANY 20,2703X40T 1399
TEUP&C DEAL
UNDISCLOSED BUYERS
-SELLERS ARE PETER DOEHLE GERMANY 9007518
YAKUMO BC 2001 KURINOURA 15,502 $10.75mVIETNAMESE
BUYERSVIETNAM
SELLERS ARE EIWA KAIUN KK, JAPAN 9251042
GLORIA BC 1984 JAPAN 13,541 2X25T D2X25T $2.70mCHINESE BUYERS
CHINASELLERS ARE
SEJAHTERA BAHTERA AGUNG, INDONESIA
8413215
KROKUS MPP 1979 POLAND 11,460 6X36T 478 TEU P&C DEALSYRIAN BUYERS
SYRIA 7712157
CLIFF CONT 2000CELIK TEKNE
TORGEM 9,865 2X40T, 797 TEU P&C DEAL WALLEM NORWAY 9200031
LS AIZENSHTAT CONT 1995MURAKAMI
HIDE8,717 2X36T, 580 TEU $6.00m US BUYERS USA
SELLERS ARE KAALBYE SHIPPING UKRAINE.
SS/DD JUST PASSED9117753
CAPITAL QUEEN MPP 1995SHIN
KURUSHIMA8,689 2X30T, D2X25T
KOREAN BUYERS
KOREASELLERS ARE JIN YANG
SHIPPING CO-SEOUL KOREA
9120047
SENTOSA MPP 1996SHIN
KURUSHIMA8,663
2X30T, D2X25T
$6.00mTHAILAND BUYERS
THAILANDSELLERS ARE FAIR FIELD
SHIPPING JAPAN 9140437
WHITE MELATI MPP 2000 SEIBU 7,963D2X30T, D1X25T
$8.00mASIAN
BUYERSASIA
SELLERS ARE KK WHITE LINE, JAPAN 9226231
HAWAIIAN EYE MPP 1997SHIN
KURUSHIMA IMABARI
7,833 D4X25T $6.50mCHINESE BUYERS
CHINASELLERS ARE KOTOKU
KAIUN CO LTD, JAPAN. SS11/2012, DD 12/2009
9167693
AURIGA SD 2001 CONSTANTA 7,567 GLESS P&C DEALUNDISCLOSED
BUYERS-
SELLERS ARE PETER DOEHLE GERMANY 9218208
KC RAINBOW RORO 1992MITSUBISHI
SHIMONOSHEKI 5,809170M LOA,
1400 LM$17.50m
CHINESE BUYERS
CHINASELLERS ARE C&KCL CO
LTD, KOREA 9035096
HEIKE MPP 1998 KROEGERWERFT 4,834 366 TEU $2.32m 9173446
HENNY MPP 1997 KROEGERWERFT 4,834 366 TEU $2.32m 9143403
BETSY S MPP 1998 KROEGERWERFT 4,834 366 TEU $2.32m 9143398
UTE S MPP 1998 KROEGERWERFT 4,834 366 TEU $2.32m 9189574
ATSUTA MARU RORO 1989 JAPAN 4,621 P&C DEALMALAYSIAN
BUYERSMALAYSIA
VEHICLES CARRIER - SELLERS ARE FUKUJU
KIGYO JAPAN8808173
THOR HARMON TWEEN 1991 BODEWES 3,628 2X30T 200 TEU $2.50mSINGAPOREAN
BUYERSSINGAPORE
SELLERS ARE TH. JAKOBSEN
MANAGEMENT, NORWAY. SOLD IN AUCTION
8920270
ITALIAN BUYERS
ITALY
SOLD EN BLOC HEIKE, HENNY, BETSY S AND
UTE S FOR $1.6MIL EURO TO ITALIAN/TURKISH
BUYERS FOR CONVERSION.SELLERS
ARE REEDEREI KARL SCHLUTER, GERMANY
SEA CONSORTIUM
PTE LTDSINGAPORE
SOLD ENBLOC OCEAN BIRD OCEAN SPICA FOR
$40 MIL BOTH UNITS - SELLERS ARE CIDO
SHIPPING CHINA
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 4 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
OUTSAILING 7 MPP 2007ZHEJIANG HONGXIN
3,323 P&C DEALCHINESE BUYERS
CHINASELLERS ARE DALIAN
FIVE RESOURCES, CHINA 9414656
CROSSWAY-I RORO 1979 SASEBO 2,873 560 CARS $1.55mMIDDLE
EASTERN BUYERS
MIDDLE EAST
SELLERS ARE TRANS GLOBAL TECH SHIPPING LLC, UAE. EX NEPTUNE
THALASSA
7821831
PACIFICAT EXPLORER
RORO 1999 CFI 516122.50 LOA,
1310 LM9146429
PACIFICAT DISCOVERY
RORO 1999 CFI 516122.50 LOA,
1310 LM9146431
PACIFICAT VOYAGER
RORO 2000 CFI 516122.50 LOA,
1310 LM9146443
HIGHLINE BRENDA AHTS 2009RAJANG
MAJU SHIPBUILDI
497 4998 BHP P&C DEAL
WAHA OFFSHORE
MARINE SERVICES
UAESELLERS ARE HIGHLINE
SHIPPING SDN BHD, MALAYSIA
9492983
JASON PERTAMA AHTS 2009RAJANG
MAJU SHIPBUILDI
497 5150 BHP P&C DEAL
WAHA OFFSHORE
MARINE SERVICES
UAESELLERS ARE SEALINK
SDN BHD, MALAYSIA 9480746
THASSOS VIII RORO 2007PERAMA GREECE
234680PAX,
150CARS 13 TRAILERS
P&C DEALNOVA
FERRIESGREECE
SELLERS ARE ANONYMOS NAFTILIAKI
ETERIA , GREECE. ROPAXDOUBLE ENDED
9097331
Note1: With Red color are indicated all Greek interest Buyers or Sellers
DRY CARGO 2ND HAND MARKET STATISTICS
country units %
2009 UNITS OUTLAY$ DWT GREECE 133 19.30%
JANUARY 59 $739.15m 2,375,492 JAPAN 129 18.72%
FEBRUARY 72 $680.70m 2,602,913 CHINA 60 8.71%
MARCH 101 $1,047.73m 3,850,508 GERMANY 33 4.79%
APRIL 75 $913.02m 3,569,193 NORWAY 30 4.35%
MAY 93 $1,351.70m 5,114,640 SINGAPORE 29 4.21%
JUNE 109 $1,625.33m 5,550,060 UK 28 4.06%
JULY 108 $1,123.31m 4,361,485 KOREA 23 3.34%
AUGUST 72 $1,024.08m 2,824,609 USA 21 3.05%
SEPTEMBER 0 $0.00m 0 DENMARK 21 3.05%
OCTOBER 0 $0.00m 0 THAILAND 19 2.76%
NOVEMBER 0 $0.00m 0 TURKEY 15 2.18%
DECEMBER 0 $0.00m 0 UAE 11 1.60%
TOTAL 689 $8,505.01m 30,248,900 ITALY 10 1.45%
INDIA 8 1.16%
NETHERLANDS 8 1.16%
COUNTRY UNITS % OUTLAY ($) % DWT % CANADA 6 0.87%
CHINA 180 26.12% $2,144 25.21% 9,613,064 31.78% BELGIUM 7 1.02%
GREECE 133 19.30% $2,567 30.19% 7,379,443 24.40% ALL OTHER 96 13.93%
TURKEY 26 3.77% $213 2.50% 621,471 2.05% UNDISCL 2 0.29%
SYRIA 23 3.34% $53 0.62% 470,764 1.56% TOTAL 689 100.00%
MONACO 20 2.90% $14 0.17% 485,841 1.61%
VIETNAM 17 2.47% $138 1.63% 447,165 1.48%
GERMANY 16 2.32% $221 2.60% 441,793 1.46%
ITALY 16 2.32% $255 3.00% 489,392 1.62%
JAPAN 15 2.18% $434 5.10% 1,592,493 5.26%
UAE 11 1.60% $10 0.12% 140,918 0.47%
INDONESIA 14 2.03% $83 0.98% 416,900 1.38%
BRAZIL 12 1.74% $276 3.25% 2,005,294 6.63%
TAIWAN 10 1.45% $163 1.92% 725,751 2.40%
SINGAPORE 10 1.45% $143 1.69% 367,469 1.21%
UNDISCL 72 10.45% $701 8.25% 2,008,103 6.64%
ALLOTHER 114 16.55% $1,232 14.48% 3,410,508 11.27%
TOTAL 689 100.00% $8,505 100.00% 30,248,900 100.00%
SELLERS - Greek Sellers have disposed 133 units (124 last) so far in 2009, while Japanese Sellers have sold 129 units
(115 last). In 3rd place follow the Chinese sellers with 60 units (54 last), while German sellers have sold 33 units, Norwegian
Sellers have disposed 30 units and Singapore sellers 29 units with Uk sellers 7th in the list with units.
2009 DRY CARGO STATISTICS - BUYERS
SELLERS STATS 2009
ABU DHABI BASED BUYERS
UAE
ENBLOC PACIFICAT EXPLORER, PACIFICAT DISCOVERY, PACIFICAT
VOYAGER - SELLERS AREWASHINGTON YACHTING
GROUP, CANADA
A month of low activity always considering the summer holidaysbut with a serious slowdown in the secondhand sale and
purchase activity noted mainly after week 34 of 2009. 72 deals this month, matches the years lowest figure and surely lacks
enthusiasm.
MONTHLY UNIT SALE ACTIVITY
P&C DEAL
BUYERS - China has taken the lead for quite sometime now. They have bought a total of 180 units. If we add also the ships of Taiwan (10) we see that China is clearly the undisputed leader buyer of second-hand tonnage. Greeks follow still strong in 2nd place with 133 units, but the gap has widened more, while Turkish Buyers have come up strong 3rd with 26 units, with Syrian buyers leaping to 4th place with 23 units. It is a weird coincidence that Greeks have sold 133 units and have acquired also 133 units!!!!
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 5 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
COUNTRY UNITS % rankJAPAN 351 76.0% 1
KOREA 40 8.7% 2
CHINA 28 6.1% 3
POLAND 9 1.9% 4
UK 9 1.9% 4
SPAIN 3 0.6% 6
SINGAPORE 1 0.2% 7
ALL OTHER 21 4.5%
TOTAL 462 100.0%
2009 BC SD CONT MPP TWEEN REEFER PASS RORO OTHER TOTALJANUARY 45 0 3 4 0 0 1 4 2 59
FEBRUARY 42 0 12 11 0 0 0 1 6 72MARCH 71 0 5 12 2 3 2 2 4 101
APRIL 58 3 2 3 3 1 2 1 2 75MAY 81 0 4 4 0 1 1 1 1 93
JUNE 67 0 22 11 0 0 1 4 4 109JULY 55 1 17 18 4 5 0 6 2 108
AUGUST 43 1 7 11 1 0 0 7 2 72SEPTEMBER 0 0 0 0 0 0 0 0 0 0
OCTOBER 0 0 0 0 0 0 0 0 0 0NOVEMBER 0 0 0 0 0 0 0 0 0 0DECEMBER 0 0 0 0 0 0 0 0 0 0
TOTAL 462 5 72 74 10 10 7 26 23 689
CHANGE CHANGE
FR0M 1/9/08 FR0M 1/9/08
NB CAPE $86.5 $96.8 $65.0 -33% 5y CAPE $109.0 $150.5 $50.5 -66%NB PMX $46.8 $57.5 $39.0 -32% 5y PMX $71.8 $89.4 $34.0 -62%
NB HANDY $42.0 $49.5 $32.0 -35% 5y HANDY $58.5 $74.4 $27.5 -63%
CHANGE CHANGE
FR0M 1/9/08 FR0M 1/9/08
10y CAPE $82.8 $129.0 $42.0 -67% 20y CAPE $40.0 $79.0 $19.3 -76%
10y PMX $52.5 $75.5 $26.0 -66% 20y PMX $31.0 $47.0 $11.1 -76%
10y HANDY $43.8 $60.2 $20.2 -66% 20y HANDY $26.5 $40.0 $9.7 -76%
NB BULKERS PRICE COMPARISON
28/08/2009
31/08/2007TYPE
31/08/2007
TYPE
31/08/2007 29/08/2008
29/08/200831/08/2007 28/08/2009
DRY CARGO UNITS SOLD - BREAKDOWN PER MONTH 2009
In the table on the top we see monthly number of dry cargo ships sold as of August 2009, compared to 2008's monthly activity.
In the table on the top we see the MONTHLY dry cargo capital expenditure for August2009 compared to 2008's monthly activity.
Out of a total of 462 DRY BULK vessels sold during the first 8 months of 2009, it is interesting to see that 351 vessels (76% of total) are built in JAPAN based Shipyards. This is a very interesting trend that we noted over the past months ago and for nearly 5 months now the percentage achieved is very stable and remains unchanged around the 75% mark. 40 units or 8.7% of all vessels traded in the second-hand market are built in Korea, with China to follow with 28 units or 6% of the total. So it is clearly obvious as 3 out of 4 Bulkers sold are "BIG IN JAPAN" it goes without saying that if a ship wants to stand a good chance of finding quickly a new owner then she "better be built in JAPAN"!!!
And what is is that attracts the potential buyer to go for a Japanese vessel? Better steel, more durable and longlasting constructions? Better propulsion systems, more economical to run, less maintenance? Is it the fact that charterers have a better eye for Japanese built vessels and in case of competition a Japanese built ship stands more chances of being charterered by a major trader/charterer? Also we should not exclude the fact that Japanese ships are also well established in the minds of most shipowners as the ones that started implementing new technologies on-board the ships and following that fact, all other manufacturers of other countries/regions copied the Japs and "just followed"; so to the average shipowner Japan is a synonym to QUALITY and DURABILITY.
2009 BULKER VSLS SOLD - COUNTRY OF BUILT
2004 built (5Y) OLD BULKERS PRICE COMPARISON
Tables above compare prices from 6th July 2007 and 4th Jul 2008 with today
1989 built (20Y) OLD BULKERS PRICE COMPARISON
TYPE
28/08/2009
29/08/2008 28/08/2009
29/08/2008
1999 built (10Y) OLD BULKERS PRICE COMPARISON
TYPE
Dry cargo units sold 2009 vs 2008
79 7783
95 96
74
52
33
44 42
101108
72
110
71
59
7275
93
109
30
40
50
60
70
80
90
100
110
JANUARY
FEBRUARY
MARCHAPRIL
MAYJUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
units
2008 2009
Dry cargo - Capital expend. 2009 vs 2008
$1,339
$2,675 $2,660
$1,340
$3,950
$2,027
$3,615
$2,172
$1,602
$809 $567 $351
$1,352
$1,048 $1,123$1,024$913
$739 $681
$1,625
$150.00m
$650.00m
$1,150.00m
$1,650.00m
$2,150.00m
$2,650.00m
$3,150.00m
$3,650.00m
$4,150.00m
JANUARY
FEBRUARY
MARCHAPRIL
MAYJUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
2008 2009
DRY CARGO (2000 - 2009) NB vsl PRICES
$16
$31
$46
$61
$76
$91
Feb-
00
Aug-0
0
Feb-
01
Aug-0
1
Feb-
02
Aug-0
2
Feb-
03
Aug-0
3
Feb-
04
Aug-0
4
Feb-
05
Aug-0
5
Feb-
06
Aug-0
6
Feb-
07
Aug-0
7
Feb-
08
Aug-0
8
Feb-
09
Aug-0
9
CAPE 170KPANAMAX 70KHANDY 50K
DRY CARGO (2000 - 2009) 5y OLD vsl PRICES
$10
$33
$55
$78
$100
$123
$145
Feb-
00
Aug-0
0
Feb-
01
Aug-0
1
Feb-
02
Aug-0
2
Feb-
03
Aug-0
3
Feb-
04
Aug-0
4
Feb-
05
Aug-0
5
Feb-
06
Aug-0
6
Feb-
07
Aug-0
7
Feb-
08
Aug-0
8
Feb-
09
Aug-0
9
CAPE 170KPANAMAX 70KHANDY 50K
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 6 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
2009
NAME TYPE YEAR BUILT DWT PRICEPRICE NOTE
BUYERS NAME
BUYERS NATION
NOTES IMO
CRUDEMED TANKER 2010 KOREA 318,000 $101.00mTAIWANESE
BUYERSTAIWAN
SELLERS ARE METROSTAR MANAGEMENT CORP
GREECE9411032
TITAN GEMINI TANKER 1987SASEBO SASEBO 261,068 $21.40m
NATHALIN GROUP
THAILAND
SOLD TO BE USED AS FSO. SELLERS ARE TITAN OCEAN
PTE LTD, SINGAPORE. CRUDE OIL TANKER
8701844
CRUDE ALFA TANKER 2009HYUNDAI SAMHO 164,925 $70.00m 9415399
CRUDE BETA TANKER 2009HYUNDAI SAMHO 164,925 $70.00m 9415404
SEASALVIA TANKER 2009JIANGSU
RONGSHENG SHIPBUILDING
155,970 $70.00mCHINESE BUYERS
CHINAYARD INTERNAL DEAL - SOLD
BY THENAMARIS GREECE 9408695
ATLANTIC HERO TANKER 1992 SUMITOMO 96,500 $16.00m COILEDINDONESIAN
BUYERSINDONESIA
SELLERS ARE MOL TANKSHIP MANAGEMENT, UK. 8917821
LIVIA TANKER 2003HYUNDAI SAMHO 93,600 $40.50m COILED
PAKISTAN NATIONAL
SHIPPING CO
PAKISTAN
SELLERS ARE FLOTA SUARDIAZ SL, SPAIN.
REPORTED SOLD IN JULY 2009 TO CHINESE BUYERS
FOR $41MIL
9261619
MISS MARINA TANKER 2007SLS
SHIPBUILDING 40,083 $30.00m IMO CLASS IIIUNDISCLOSED
BUYERS-
SELLERS ARE PERSEVERANZA SPA DI
NAVIGAZION, ITALY9326524
MERIOM WAVE TANKER 2004 GUANGZHOU 38,875 $25.00mULTRAGAS
GROUPCHILE
SELLERS ARE OVERSEAS MARITIME CARRIERS
SWITZERLAND9299410
RUNNER A TANKER 1990 MINAMI NIPPON 29,998 $3.50mINDONESIAN
BUYERSINDONESIA
SELLERS ARE ANCORA INVESTMENT TRUST INC
GREECE. OTHER REPS SAY SHE WAS SOLD AT $2.5m
8819196
SICHEM PACE TANKER 2006USUKI
SHIPYARD 19,982 $34.00mDH/COATED/C
OILED/IMO II/ST STEEL
NORWEGIAN BUYERS
NORWAY
SELLERS ARE EITZEN CHEMICAL, SINGAPORE. SALE
INCLUDES BB BACK FOR 5 YEARS AT $14,300/DAY
9340415
STOLT NANAMI TANKER 2003 JAPAN 19,932 $25.00mCHINESE BUYERS
CHINASELLERS ARE STOLT
TANKERS BV NETHERLANDS 9279111
UNIVERSE TANKER 1983 ASAKAWA 10,732 $1.60mDOUBLE BOTTOM,
COATED IMO III
UNDISCLOSED BUYERS
-
SELLERS ARE SAMTA SHIPMANAGEMENT PTE LTD SINGAPORE. THIS VSL HAD BEEN REPORTED SOLD IN SEPTEMBER 2008 AT $3.9m
8300353
SOUTHERN YORK TANKER 2003 SHITANOE 6,500 $15.00mCOATED COILED DH. CHEMICAL
JAPANESE BUYERS
JAPANSELLERS ARE SANSHO KAIUN
CO LTD JAPAN 9288564
GOLDEN CHEMICAL TANKER 1991 MURAKAMI HIDE 6,062 $4.20mST STEEL
COILSSINGAPORE
BUYERSSINGAPORE
SELLERS ARE NISSHO SHIPPING CO LTD JAPAN. SHE HAD BEEN REPORTED SOLD
AT $3.4m IN APRIL 09 TO JAPANESE BUYERS
9015852
HASSHO MARU No. 5 TANKER 1993 KURINOURA 4,814 $2.45m IMO IIIFAR EASTERN
BUYERSFAR EAST
SELLERS ARE NISHIYAMA KISEN JAPAN 9058672
Note1: With Red color are indicated all Greek interest Buyers or Sellers
ENBLOC $140 MIL BOTH
UNITS
GENERAL NATIONAL MARITIME
TRANSPORT CO (GNMTC)
LIBYA
AUGUSTTANKER SHIPS SOLD DURING THIS MONTH
ENBLOC CRUDE ALFA, CRUDE BETA FOR $70MIL NET EACH
UNIT TO LIBYAN BUYERS - SELLERS ARE METROSTAR
MANAGEMENT CORP GREECE
DRY CARGO (2000 - 2009) 10y OLD vsl PRICES
$8
$28
$48
$68
$88
$108
$128
Feb-
00
Aug-0
0
Feb-
01
Aug-0
1
Feb-
02
Aug-0
2
Feb-
03
Aug-0
3
Feb-
04
Aug-0
4
Feb-
05
Aug-0
5
Feb-
06
Aug-0
6
Feb-
07
Aug-0
7
Feb-
08
Aug-0
8
Feb-
09
Aug-0
9
CAPE 170K
PANAMAX
DRY CARGO (2000 - 2009) 20y OLD vsl PRICES
$2
$15
$27
$40
$52
$65
$77
Feb-
00
Aug-0
0
Feb-
01
Aug-0
1
Feb-
02
Aug-0
2
Feb-
03
Aug-0
3
Feb-
04
Aug-0
4
Feb-
05
Aug-0
5
Feb-
06
Aug-0
6
Feb-
07
Aug-0
7
Feb-
08
Aug-0
8
Feb-
09
Aug-0
9
CAPE 170KPANAMAX 70KHANDY 50K
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 7 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
TANKER 2ND HAND MARKET STATISTICS
COUNTRY UNITS %
2009 UNITS OUTLAY$ DWT JAPAN 30 15.46%
JANUARY 36 $1,380.95m 2,829,769 SINGAPORE 27 13.92%
FEBRUARY 17 $406.80m 1,038,858 GREECE 27 13.92%
MARCH 20 $334.25m 669,943 NORWAY 16 8.25%
APRIL 22 $267.90m 645,958 USA 11 5.67%
MAY 45 $754.00m 2,928,128 CHINA 11 5.67%
JUNE 16 $306.15m 1,020,289 UK 9 4.64%
JULY 22 $414.55m 1,775,156 ITALY 9 4.64%
AUGUST 16 $529.65m 1,431,966 KOREA 7 3.61%
SEPTEMBER 0 $0.00m 0 TURKEY 6 3.09%
OCTOBER 0 $0.00m 0 CYPRUS 5 2.58%
NOVEMBER 0 $0.00m 0 UAE 5 2.58%
DECEMBER 0 $0.00m 0 MALAYSIA 4 2.06%
TOTAL 194 $4,394.25m 12,340,067 INDONESIA 3 1.55%
BULGARIA 3 1.55%
RUSSIA 3 1.55%
COUNTRY UNITS OUTLAY ($) % DWT % CANADA 2 1.03%
GREECE 29 $637 14.51% 1,663,937 13.48% SOUTH AFRICA 2 1.03%
USA 15 $592 13.46% 1,140,533 9.24% ALL OTHER 10 5.15%
SINGAPORE 15 $260 5.91% 461,801 3.74% UNDISCL 4 2.06%
NORWAY 14 $597 13.58% 1,101,710 8.93% TOTAL 194 100.00%
CHINA 12 $244 5.56% 2,279,436 18.47%
VIETNAM 10 $119 2.70% 311,963 2.53%
LIBYA 8 $391 8.90% 711,620 5.77%
INDONESIA 8 $71 1.62% 380,064 3.08%
TURKEY 7 $45 1.02% 84,064 0.68%
JAPAN 7 $263 5.99% 906,392 7.35%
KOREA 4 $16 0.37% 25,079 0.20%
GERMANY 3 $69 1.57% 45,801 0.37%
MEXICO 3 $6 0.14% 101,589 0.82%
UNDISCL 21 $368 8.37% 899,744 7.29%
ALL OTHER 38 $717 16.31% 2,226,334 18.04%
TOTAL 194 $4,394 100.00% 12,340,067 100.00%
2009VLCC & ULCC
SUEZMAXAFRAMAX
110KPANAMAX
70KPROD 45K < 40,000 OBO LPG & LNG TOTAL
JANUARY 2 5 9 0 7 13 0 0 36
FEBRUARY 1 1 3 2 0 8 0 2 17
MARCH 0 0 4 0 3 13 0 0 20
APRIL 1 0 0 0 4 16 0 1 22
MAY 6 1 3 0 8 26 0 1 45
JUNE 2 1 1 0 2 8 0 2 16
JULY 1 7 2 1 1 8 0 2 22
AUGUST 2 3 2 0 1 8 0 0 16
SEPTEMBER 0 0 0 0 0 0 0 0 0
OCTOBER 0 0 0 0 0 0 0 0 0
NOVEMBER 0 0 0 0 0 0 0 0 0
DECEMBER 0 0 0 0 0 0 0 0 0
TOTAL 15 18 24 3 26 100 0 8 194
SELLERS - The table on the RIGHT shows the nationality ofthe Sellers. Japanese Sellers are leading in 1st place of our
sellers list, selling 30 units (27 last) with Greek sellers sharing 2nd place with Singapore sellers having sold 27 units. They are
followed by Norwegian sellers who sold 16 units (16 last) followed by USA and Chinese sellers with 11 units each.
TANKER UNITS SOLD - BREAKDOWN PER SIZE AND MONTH 2009
2009 TANKER buyer STATISTICS
BUYERS - Greek buyers are holding the lead, having acquired 29 units (28 last), with USA buyers sharing 2nd place with Singapore buyers having acquired 15 units each. Norwegian buyers have taken 14 units while Chinese buyers have acquired 12 ships. 6th place is for Vietnam with 10 units while Libyan and indonesian Buyers have shared 7th place with 8 units each.
SELLERS STATS 2009We see that the number of ships sold during August 2009 show just like in the Dry bulk sector a serious "slowdown" of the
sales and purchase tanker secondhand market. After Feb & June, in Aug 2009 we had once more only 16 tanker ships that
were sold this month. Capital Outlay is still average with $530million USD being spent. We can say that Metrostar saved the day for the tanker sector as if it wasn't for their 3
modern resales the tanker sector would be very dull to report.
MONTHLY UNIT SALE ACTIVITY
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 8 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
CHANGE CHANGE
01/09/2008 01/09/2008
VLCC $135.0 $157.5 $110.0 -30% VLCC $133.0 $156.0 $77.0 -51%SUEZMAX $85.0 $96.6 $71.5 -26% SUEZMAX $94.0 $106.5 $60.8 -43%AFRAMAX $69.0 $78.0 $50.5 -35% AFRAMAX $68.0 $77.0 $40.3 -48%PANAMAX $57.8 $65.0 $45.2 -30% PANAMAX $57.0 $60.5 $37.5 -38%MR PROD $47.8 $55.6 $38.0 -32% MR PROD $51.8 $53.0 $28.2 -47%
CHANGE CHANGE01/09/2008 01/09/2008
VLCC $107.0 $132.0 $59.0 -55% VLCC $31.0 $39.0 $17.1 -56%SUEZMAX $74.8 $80.0 $43.0 -46% SUEZMAX $23.5 $34.0 $14.6 -57%AFRAMAX $56.6 $64.0 $30.0 -53% AFRAMAX $16.0 $25.7 $9.4 -63%PANAMAX $47.0 $49.0 $27.2 -44% PANAMAX $13.5 $20.0 $7.6 -62%MR PROD $43.0 $43.0 $22.7 -47% MR PROD $12.7 $15.5 $6.1 -61%
29/08/2008
20Y TANKERS PRICE COMPARISON
31/08/200731/08/2007 TYPE
29/08/2008
5Y TANKERS PRICE COMPARISON
TYPE28/08/2009 29/08/2008
NB TANKERS PRICE COMPARISON
31/08/2007
29/08/2008 28/08/2009
Tables above compare prices from 6th July 2007 and 4th Jul 2008 with today
10Y TANKERS PRICE COMPARISON
31/08/2007
shipsale activity in volume (number of ships sold per month 2009-2008)
28/08/2009
28/08/2009TYPE
TYPE
TANKER units sold 2009 vs 2008
22
16
3943
11
36
1720
45
22
16
49
4848
4542
37
23
15
23
5
10
15
20
25
30
35
40
45
50
55
JANUARY
FEBRUARY
MARCHAPRIL
MAYJUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
units 2009 2008
NEWBUILDING TANKER PRICES 2000 - 2009
24
44
64
84
104
124
144
164
Feb-
00
Aug-0
0
Feb-
01
Aug-0
1
Feb-
02
Aug-0
2
Feb-
03
Aug-0
3
Feb-
04
Aug-0
4
Feb-
05
Aug-0
5
Feb-
06
Aug-0
6
Feb-
07
Aug-0
7
Feb-
08
Aug-0
8
Feb-
09
Aug-0
9
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
5 YEAR OLD TANKER PRICES 2000 - 2009
20
40
60
80
100
120
140
160
Feb-
00
Aug-0
0
Feb-
01
Aug-0
1
Feb-
02
Aug-0
2
Feb-
03
Aug-0
3
Feb-
04
Aug-0
4
Feb-
05
Aug-0
5
Feb-
06
Aug-0
6
Feb-
07
Aug-0
7
Feb-
08
Aug-0
8
Feb-
09
Aug-0
9
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
10 YEAR OLD TANKER PRICES 2000 - 2009
13
33
53
73
93
113
133
Feb-
00
Aug-0
0
Feb-
01
Aug-0
1
Feb-
02
Aug-0
2
Feb-
03
Aug-0
3
Feb-
04
Aug-0
4
Feb-
05
Aug-0
5
Feb-
06
Aug-0
6
Feb-
07
Aug-0
7
Feb-
08
Aug-0
8
Feb-
09
Aug-0
9
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
20 YEAR OLD TANKER PRICES 2000 - 2009
3
8
13
18
23
28
33
38
43
Feb-
00
Aug-0
0
Feb-
01
Aug-0
1
Feb-
02
Aug-0
2
Feb-
03
Aug-0
3
Feb-
04
Aug-0
4
Feb-
05
Aug-0
5
Feb-
06
Aug-0
6
Feb-
07
Aug-0
7
Feb-
08
Aug-0
8
Feb-
09
Aug-0
9
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 9 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
NEWBUILDING ORDERS AUGUST 2009UNITS TYPE TONNAGE YEAR PRICE
4 AHTS 4,000 DWT 2012 -2 BC 206,000 DWT 2011 68.902 BC 180,000 DWT 2011 55.002 BC 180,000 DWT 2010 62.502 BC 180,000 DWT 2011 70.004 BC 180,000 DWT 2011 62.507 BC 57,000 DWT 2010-2011 29.50
7 BC 57,000 DWT 2011 41.701 BC 31,800 DWT 2011
2 BC 12,900 DWT 2011 8.60
2 CONT 98,849 DWT 2011/2012 -10 CONT 21,976 DWT 2010-20121 DREDGER 2011
1HEAVY
LIFTING 12,300 DWT 20102 LPG 3,500 DWT 2011 17.502 MPP 13,000 DWT 20112 MPP 12,900 DWT 2011 8.60
2PLATFORM
SUPPLY 5,300 DWT 2011 -
2 TANKER SUEZMAX 20112 TANKER MR1 20114 TANKER MR1 20123 TANKER AFRAMAX 2011
6 TANKER 320,000 DWT 2012 95.00
6 TANKER 320,000 DWT 2012 95.002 TANKER 159,000 DWT 2012-2013
4 TANKER 20,000 DWT 2011 -3 TANKER 9,000 DWT 2010 23.00
2 TANKER 7,000 DWT 2010 15.504 TANKER 7,000 DWT
Note1: With Red color are indicated all Greek interest Buyers or Sellers
2009 ORDERS UNITS BC MPP CONT TANKER LNG/LPG ALL OTHERJANUARY 9 25 6 0 6 6 2 5
FEBRUARY 25 90 8 12 0 46 0 24MARCH 28 63 14 6 1 31 0 11APRIL 17 36 0 4 0 14 0 18MAY 7 17 3 4 0 6 0 4JUNE 10 50 37 1 0 6 0 6JULY 18 79 52 2 10 12 0 3
AUGUST 29 93 33 0 12 38 2 8SEPTEMBER 0 0 0 0 0 0 0 0
OCTOBER 0 0 0 0 0 0 0 0NOVEMBER 0 0 0 0 0 0 0 0DECEMBER 0 0 0 0 0 0 0 0
TOTAL 143 453 153 29 29 159 4 79
BUNKERING TANKER
BUNKERING
PRICE IS $95-$100MIL FINANCED BY CHINESE IMPORT EXPORT
BANK
PRICE IS $95-$100MIL FINANCED BY CHINESE IMPORT EXPORT
BANK
INCL 7 YEAR T/C TO PETROBRAS
CONVERTED ORDER
OPTION 2 MORE
DELY 2/2011 AND 5/2011
8212 TEU DELY 12/2011 AND 2/2012
1708 TEU
3500 CBM
ONSYS ENERGY (SINGAPORE)
DELY 2012 INCL 7 YEAR T/C TO PETROBRAS
PLUS OPTION 2 MORE
DELY 4Q 2011
DELY 6/2011
EURONAV
SINOCHEM SHIPPING (CHINA)
ONSYS ENERGY (SINGAPORE)
TURKMENIAN SEA & RIVER SHIPPING CO
UNKNOWN
PHOENIX NAVIGATION
NATIONAL IRANIAN TANKER CO
NATIONAL IRANIAN TANKER CO
INDONESIA MARITIME
BRAM OFFSHORE (BRAZIL)
TSAKOS SHIPPING AND TRADING
CPC CORP
HANJIN CORPORATION
DL SHIPPING KOREA
PAUL HEINRICH
KAWASAKI KISEN (JAPAN)INDONESIA MARITIME
TRANSPORT (INDONESIA)
KAWASAKI KISEN (JAPAN)
JAPANESE BUYERS
TITAN QUANZHOU
BRASILEIRA DE OFFSHORE (BRAZIL)
TMT CO LTD
SAFETY MANAGEMENT
MASTERS SHIPMANAGEMENT
CRYSTAL MARITIME
VALE - BRAZIL
ASIAN BUYERS
UNDISCLOSED BUYERS
SAMSUNG
21C SHIPBUILDING CO (KOREA)
TITAN QUANZHOU (CHINA)
KRASNOYE SORMOVO
SHIN KURUSHIMA
HYUNDAI
SHANGHAI WAIGAOQIAO (CHINA)
DALIAN SHIPBUILDING INDUSTRY (CHINA)
NHA TRANG SY
NAVSHIP (BRAZIL)
SUNGDONG
CSC CHONOGQING
XINHE
SHIN AN
SEKWANG HI
JJ SIETAS
HAKODATE (JAPAN)
NHA TRANG (VIETNAM)
IHI MARINE UNITED (JAPAN)
IMABARI SB
DAEHAN SB
SUNGDONG (KOREA)
HANTONG
JIANGSU HANTONG (CHINA)
ALIANCA TAQUARI (BRAZIL)
DAEHAN SB
HANJIN PHILIPPINES
DAEHAN SB
NOTES
NEWBUILDING ORDERS BREAKDOWN by TYPE PER MONTH, for YEAR 2009
YARD BUYER’S NAME
NEW BUILDING ORDER TYPES FOR 2009
BC, 153, 34%
MPP, 29, 6%
CONT, 29, 6%TANKER, 159, 36%
LNG/LPG, 4, 1%
ALL OTHER, 79, 17%
BC
MPP
CONT
TANKER
LNG/LPG
ALL OTHER
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 10 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
2009NAME TYPE YEAR BUILT DWT LDT PRICE BREAKER IMO
A ELEPHANT TANKER 1987 MITSUBISHI 264,758 31,675 $345 BANGLADESH 8608028
KOLOSSI TANKER 1988MITSUBISHI NAGASAKI 248,049 29,249 $370 BANGLADESH 8705515
VOO SHEE II TANKER 1986CHINA
SHIPBUILDING KEELUNG
104,882 18,773 $325 BANGLADESH 8500874
SEA AGILITY BC 1987KAWASAKI
HEAVY INDS 89,558 14,488 $335 BANGLADESH 8323458
NEW AMBITION TANKER 1987 KOYO MIHARA 88,761 15,946 $335 BANGLADESH 8312538
BW RACHEL GAS 1984 FRANCE 63,296 21,610 $330 BANGLADESH 8116570
HEKABE GAS 1977 THYSSEN 43,368 15,550 $330 BANGLADESH 7411076
HAVKONG GAS 1978 GERMANY 43,368 15,550 $330 BANGLADESH 7415204
HYUNDAI ADMIRAL CONT 1992HYUNDAI HEAVY
INDS - U 61,152 22,000 $314 CHINA 9015369
PRESIDENTE ARTURO UMBERTO ILLIA
TANKER 1983 AFNE 58,624 12,401 - BANGLADESH 8100014
EVER GENERAL CONT 1987 ONOMICHI 53,240 18,100 - CHINA 8511756
EVER GIVEN CONT 1986 ONOMICHI 53,239 18,102 - CHINA 8320901
MARGARET HILL TANKER 1974MOSS
ROSENBERG 50,746 23,400 $365 INDIA 7368841
SEA-LAND MOTIVATOR
CONT 1984DAEWOO
SHIPBUILDING 47,171 16,553 - - 8212623
OOCL FORTUNE CONT 1987MITSUBISHI
KOBE 44,433 15,500 - CHINA 8400335
HARRIETTE N GAS 1980BOELWERF
TEMSE 43,481 15,499 - - 7723857
GOVERN CONT 1985CHINA
SHIPBUILDING KAOSIUNG
43,401 14,114 - CHINA 8314524
EVER GLEAMY CONT 1985CHINA
SHIPBUILDING KAOSIUNG
43,401 14,114 - CHINA 8314512
EVER GROWTH CONT 1985CHINA
SHIPBUILDING KAOSIUNG
43,401 14,114 - CHINA 8314495
EVER GIFTED CONT 1984CHINA
SHIPBUILDING KEELUNG
43,401 14,114 - CHINA 8217879
GENTLE CONT 1984CHINA
SHIPBUILDING KAOSIUNG
43,401 14,114 - CHINA 8217867
EVER GENTRY CONT 1984CHINA
SHIPBUILDING KEELUNG
43,401 14,114 - CHINA 8200149
APHRODITE I CONT 1984 ONOMICHI 43,310 14,190 $270 CHINA 8204509
GREET CONT 1984 ONOMICHI 43,293 14,190 - CHINA 8204523
ARAMIS CONT 1984 IHI-KURE 43,198 14,342 $270 CHINA 8217013
GEM CONT 1983 IHI-KURE 43,198 14,342 $270 CHINA 8208244
ATHOS I CONT 1983 IHI-KURE 43,198 14,342 $270 CHINA 8208232
PORTHOS CONT 1984 IHI-KURE 43,198 14,342 $270 CHINA 8208220
OOCL FAIR CONT 1987MITSUBISHI NAGASAKI 40,560 14,731 - CHINA 8420177
OOCL FIDELITY CONT 1987MITSUBISHI
KOBE 40,560 14,731 - CHINA 8407319
MOL MIRACLE CONT 1991TSUNEISHI SHBLDG - 40,330 15,205 $303 CHINA 9012290
PALENQUE TANKER 1987KASADO
KUDAMATSU 37,806 8,379 $310 PAKISTAN 8312356
VANCOUVER II BC 1976NKK CORP SHIZUOKA 35,208 8,143 $250 PAKISTAN 7426227
IRAN AKHAVAN MPP 1984 AESA SEVILLA 34,853 7,711 $292 INDIA 8113009
KIJEA MPP 1979 LENINA STOCZNIA 17,956 7,638 $292 INDIA 7502734
IRAN MAHALLATI MPP 1978 LENINA STOCZNIA 17,928 7,638 $292 INDIA 7428823
DINNA MPP 1978 LENINA STOCZNIA 17,928 7,638 $292 INDIA 7502722
AMERICAN OSPREY TANKER 1958BETHLEHEM-SPARROWS 34,723 12,227 - AS IS 5137860
SUN LUCKY BC 1974SUMITOMO SB
URAGA 34,702 7,448 $210 CHINA 7380978
ENBLOC IRAN AKHAVAN, IRAN MAHALLATI, KIJEA, DINNA - SELLERS ARE IRAN SHIPPING
LINES
LPG GAS TANKER - $330-$340 PRICE RANGE - SELLERS ARE BW GAS NORWAY
AS IS USA - SELLERS ARE USA GOVERNMENT
CHINESE SELLERS
SELLERS ARE ORIENT OVERSEAS INTERNATIONAL CHINA
SELLERS ARE MITSUI OSK LINES LTD, (MOL)JAPAN - HIGHER PRICE IS BASED ON
REUSABLE EQUIP/MACHINERY ON BOARD
SELLERS ARE BERNHARD SCHULTE SHIPMANAGEMENT GERMANY
SELLERS ARE ESHCO TAIBA MARITIME, PANAMA - OTHER REP SAYS $278 CHINA
SELLERS ARE COSTAMARE SHIPPING CO SA GREECE
SELLERS ARE TECHNOMAR SHIPPING INC GREECE
SELLERS ARE TECHNOMAR SHIPPING INC GREECE
SELLERS ARE ORIENT OVERSEAS INTERNATIONAL CHINA
SELLERS ARE TECHNOMAR SHIPPING INC GREECE
SELLERS ARE LEMISSOLER SHIPPING GROUP CYPRUS
SELLERS ARE TECHNOMAR SHIPPING INC GREECE
SELLERS ARE COSTAMARE SHIPPING CO SA GREECE
SELLERS ARE COSTAMARE SHIPPING CO SA GREECE
SELLERS ARE ACE EXIM PTE LTD SINGAPORE
LPG TANKER - SE;LLERS ARE GENERAL GAS CARRIER III PTE SINGAPORE
SELLERS ARE LEMISSOLER SHIPPING GROUP CYPRUS
SELLERS ARE EVERGREEN MARINE CORP CHINA
SELLERS ARE EVERGREEN MARINE CORP CHINA
SELLERS ARE EVERGREEN MARINE CORP CHINA
SELLERS ARE VS HIPS UK. AS IS SOUTHAMPTON 3100 TS OF 9% NICKEL
STEEL. (GAS TANKER 87603 CBM)
SELERS ARE A P MOLLER DENMARK
SELLERS ARE OOIL CHINA
WAS REPORTED SOLD IN SEP 2008 FOR $705 PER LDT BANGLADESH (DEAL THEN HAD
FAILED - SELLERS ARE V SHIPS ASIA SINGAPORE
SELLERS ARE WORLD TANKERS MANAGEMENT PTE SINGAPORE
SOLD AS IS KAOHSIUNG FOR DELYBANGLADESH - SELLERS ARE CPC CORP
TAIWAN CHINA - OTHER REP SAYS $310/LDT
SELLERS ARE COSCO CHINA
SOLD AS IS SINGAQPORE - SELLERS ARE HONG KONG MING WAH SHIPPING CHINA
SELLERS ARE ZODIAC MARITIME AGENCIES UK
SELLERS ARE EVERGREEN MARINE CORP CHINA
NOTESAUGUSTREPORTED DEMOLITION DEALS
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 11 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
PANAGIA BC 1982KOMUNY PARYSKI 34,170 7,740 - CHINA 7909891
ALI MURTAZA BC 1975KANASASHI
ZOSEN 33,423 7,792 - BANGLADESH 7379266
STOLT SINCERITY TANKER 1976DUBIGEON-NORMANDIE 31,943 10,039 INDIA 7400857
HARI BHUM CONT 1984 NETHERLANDS 29,930 10,830 $295 INDIA 8205371
VIBORG MPP 1971ULJANIK
BRODOGRADIL 28,876 10,906 $270 INDIA 7038472
ORIENT FUZHOU BC 1978HAKODATE HAKODATE 28,873 6,349 $253 PAKISTAN 7619654
NEPTUN TANKER 1976A WARSKIEGO
STOCZNI 27,954 8,976 $505 INDIA 7384819
HAO XING 1 MPP 1984WARNOWWERF
T WARNEMU 27,071 6,536 - INDIA 8218744
VOLISSOS POWER BC 1977KURUSHIMA
ONISHI 27,023 6,738 $245 BANGLADESH 7602924
IVI BC 1979 HITACHI ZOSEN 26,697 8,000 $278 PAKISTAN 7724045
SAVANNAH TANKER 1970GENERAL DYNAMICS 26,513 8,019 - AS IS 8644175
DA QING 63 TANKER 1976DALIAN
SHIPYARD 25,672 7,674 $215 CHINA 8425268
SUEZ EXPRESS TWEEN 1982 CROATIA 24,500 8,792 $306 INDIA 7923536
HUA RUN BC 1978GEORGI
DIMITROV 24,285 7,695 $278 CHINA 7728950
YANNIS BC 1984 BULGARIA 24,105 7,949 $282 CHINA 8313520
MEDITERRANEAN CARRIER
BC 1962 BRODOSPLIT 23,786 8,193 $290 INDIA 5095517
RELCHEM ARJUN TANKER 1971ERIKSBERGS
LINDHOLM 23,661 7,235 - INDIA 7043348
PLODDER TWEEN 1977MATHIAS THESEN 23,151 7,900 $230 BANGLADESH 7348322
BOW ASIR TANKER 1982 KOREA 22,847 7,909 $720 INDIA 7926306
STELLA QUARTA BC 1976 IHI TOKYO 22,311 5,678 $245 BANGLADESH 7435474
LAILA QUEEN BC 1977TOHOKU
SHIPBUILDING 22,040 4,790 $280 INDIA 7525865
MSC ANDALUCIA II CONT 1978LENINA
STOCZNIA GDA 21,857 6,657 - - 7511620
BARBAROSSA CONT 1981 THYSSEN 21,569 7,103 $240 INDIA 7910905
MSC ANASTASIA CONT 1970HDW AG - HAMBURG 21,305 8,545 $262 INDIA 7020542
MSC MICHELE CONT 1971HDW AG - HAMBURG 21,185 8,670 $265 INDIA 7033044
GUANG HUA MEN MPP 1980HAYASHIKANE
SHBLDG 20,391 6,645 - CHINA 7912551
TRUST EUROPE RORO 1978IMABARI
MARUGAME 18,748 12,534 $258 INDIA 7807811
GLORY CONT 1979 NAMURA IMARI 18,643 9,139 $278 INDIA 7816824
VICTORY CONT 1979 NAMURA IMARI 18,381 8,571 $278 INDIA 7718656
NIPA MPP 1985 WARNOWERFT 17,850 8,920 - BANGLADESH 8314615
ALEXANDRA T BC 1977KANDA
KAWAJIRI 17,430 4,840 - INDIA 7632448
TELLUS RORO 1978 MITSUI TAMANO 17,406 11,989 - CHINA 7518563
THOR MARINER TWEEN 1983LENINA
STOCZNIA 17,279 6,593 $298 BANGLADESH 7905900
PERLA II BC 1979 IHI KURE 17,199 4,406 $303 INDIA 7718204
LEONA I BC 1979 BRODOSPLIT 16,487 7,523 $240 BANGLADESH 7716672
RESOLUTE CONT 1980 BATH 16,205 10,000 $90 AS IS 7635945
PRINCES HIGHWAY RORO 1986OSHIMA
SHIPBUILDING 16,191 12,222 - CHINA 8513194
CENTURY HIGHWAYNo. 1
RORO 1984HASHIHAMA SHBLDG - 15,363 12,017 - CHINA 8315310
BRITAIN STAR CONT 1978 JAPAN 15,270 6,997 $265 INDIA 7727516
LIBERTADOR SAN MARTIN
TANKER 1979 ALIANZA 15,190 7,500 - INDIA 7514256
SELLERS ARE COSTAMARE SHIPPING CO SA GREECE
SELLERS ARE ULTRAGAS NAVIERA CHILE
CHINESE SELLERS - WILL BE DELIVERED UNDER TOW
SOLD AS IS USA TO BE BREAKEN BY ESCO MARINE USA
VEHICLES CARRIER - SELLERS ARE KAWASAKI KISEN KAISHA JAPAN
VEHICLES CARRIER - SELLERS AREKAWASAKI KISSEN KAISHA JAPAN - OLD SALE
(MAY 2009)
SELLERS ARE OSCAR SHIPMANAGEMENT GREECE - OLD SALE JUNE 2009
VEHICLES CARRIER - WILHELMSEN MARITIME SERVICES NORWAY
SELLERS ARE THORESEN THAI AGENCIES THAILAND
USA SELLERS
SELLERS ARE MARTI DENIZCILIK TURKEY
SELLERS ARE COSCO CHINA
VEHICLES CARRIER - SELLERS ARE DORIKO LTD KOREA
SELLERS ARE HAPAG-LLOYD AG GERMANY
SELLERS ARE HAPAG-LLOYD AG GERMANY
SELLERS ARE MULTIBULK MARINEMANAGEMENT SA GREECE
SELLERS ARE MARTIME GESELLSCHAFT, GERMANY. OLD SALE
SELLERS ARE MSC SWISS
SELLERS ARE MSC SWISS
SELLERS ARE CHESTER SHIPPING GREECE
SELLERS ARE SALHUS SHIPPING AS, NORWAY. LARGE AMOUNT OF STAINLESS
STEEL (400 TONNES)
SELLERS ARE ACHEON AKTI NAVIG CYPRUS
SELLERS ARE MUHIEDDINE SHIPPING CO, SYRIA - OTHER REP SAYS BANGLADESH
SELLERS ARE COSCO CHINA
WILL DE DELIVERED UNDER TOW - LAID UP - SELLERS ARE PARAGON SHIPPING (EX ALLSEAS) GREECE - OTHER REP SAYS
$275/LDT
SELLERS ARE SEABULK SHIPPING S.A. GREECE. CEMENT CARRIER
SELLERS ARE RELIANCE INDUSTRIES LTD INDIA
SELLERS ARE COMMERCIAL TRADING AND DISCOUNT CO, GREECE. OLD SALE - OTHER
REP SAY CHINA ARE BREAKERS
REPLENISHMENT TANKER - ESCO MARINE ARE BREAKERS - USA GOVERNMENT
SELLERS
SELLERS ARE CHINA SHIPPING GROUP. - OLD SALE
SELLERS ARE CONTI 7 NV HOLDING CO BELGIUM
SELLERS ARE FUZHOU TIAN HENG SHIPPING LTD CHINA
SELLERS ARE SALHUS AS NORWAY. ABT 800 TONS STAINLESS STEEL - REPORTED SOLD THIS TIME LAST YEAR FOR $1,175 USD/LDT
SELLERS ARE CHINESE GOVERNMENT - OLD SALE |(MAY 2009)
SELLERS ARE FAIRPORT SHIPPING GREECE
OLD SALE (JUNE) SINGAPORE SELLERS
CHEMICAL TANKER - SELLERS ARE STOLT TANKERS BV
SELLERS ARE INTERNATIONAL SHIPHOLDING CORP USA
SELLERS ARE MACS, GERMANY
SELLERS ARE STAFF CENTRE SHIPMAN, UKRAINE
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 12 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
NADA V RORO 1984TSUNEISHI SHBLDG - 14,820 10,988 - CHINA 8313312
CORAL HIGHWAY RORO 1987OSHIMA
SHIPBUILDING 14,597 13,257 - CHINA 8612299
ORION HIGHWAY RORO 1984KURUSHIMA
ONISHI 14,359 10,899 - CHINA 8401224
MAFRA BC 1972 AESA SEVILLA 14,036 4,052 - INDIA 7104958
MSC EMIRATES CONT 1979 MIE YOKKAICHI 13,562 5,325 - CHINA 7810533
TOPAZ RAY RORO 1985HYUNDAI HEAVY
INDS - U 12,901 7,889 - CHINA 8417998
MERINO EXPRESS OTHER 1978HAYASHIKANE
SHBLDG 12,711 10,765 $255 INDIA 7627845
NIKOS A TANKER 1985 TAIHEI AKITSU 12,691 3,566 - INDIA 8510415
CRIMMITSCHAU CONT 1979NEPTUNE
SCHIFFSWERFT 12,685 6,150 $254 INDIA 7932719
JUMANA MPP 1977BURNMEISTER
WAIN 12,670 4,980 $180 INDIA 7618662
CAPTAIN P CONT 1980NEPTUNE
SCHIFFSWERFT 12,665 6,150 $254 INDIA 8031093
PIETARI BRUIN REEFER 1980 FRAMNAES 12,475 7,445 $220 INDIA 7716531
OMER TANKER 1988 AESA SESTAO 11,290 4,444 $515 INDIA 8510740
CHEM ARIES TANKER 1987 SPAIN 11,290 4,444 $515 INDIA 8510726
CRYSTAL LILY REEFER 1979FLENDER WERFT 10,870 6,674 - INDIA 7728998
CHERRY REEFER 1971 NYLANDS 10,800 6,102 $285 INDIA 7110062
ST. ANGELO RORO 1973SMIT P.
ROTTERDAM N 10,581 8,265 - BANGLADESH 7236220
PRINKIPO TANKER 1982OSKARSHAMNS
VARV 10,501 4,287 $510 INDIA 8030398
AMFITRITE I REEFER 1982 UKRAINE 9,970 6,500 $172 TURKEY 8003773
SANTIAGO REEFER 1978MATHIAS-
THESEN-WERF 9,539 5,530 $300 INDIA 7813420
SALINA TWEEN 1983NEPTUNE
SCHIFFSWERFT 9,385 6,050 $236 INDIA 8131609
ORFEA TWEEN 1977 KAGOSHIMA 9,008 6,050 - TURKEY 7627417
HUMMER TWEEN 1980 GALATI 8,750 3,231 $280 INDIA 7942439
TOKYO BAY REEFER 1978 NAIKAI 8,078 4,339 $290 INDIA 7714521
KYODO YARROW GAS 1982 AUKRA BRUK AS 7,850 3,583 $295 AS IS 8002951
TANTO HARI CONT 1981RICKMERS RICKMERS 7,754 10,695 $295 INDIA 8104474
SETUBAL RORO 1978OSHIMA
SHIPBUILDING 7,351 7,718 - TURKEY 7812452
AL RAHMA TANKER 1980FUKUOKA
SHIPBUILDING - 7,220 2,009 $280 INDIA 8013455
J. B. FORD BC 1904AMERICAN SHIP
LORAI 7,112 2,576 - AS IS 5166378
EW KENYA REEFER 1985 JAPAN 7,061 4,100 - INDIA 8512360
ACHILLEUS BC 1974FUKUOKA
SHIPBUILDING - 6,508 2,389 $188 TURKEY 7377464
BILKAR I SD 1969 EUSKALDUNA 6,290 2,350 $178 TURKEY 6911249
CHATTAHOOCHEE TANKER 1957BETHLEHEM STL
NYK 4,931 3,456 - AS IS 8450615
SALERNO EXPRESS RORO 1982 RUSSIA 4,648 5,586 $310 INDIA 8228218
NOBLE SD 1973 HOLLMING OY 4,054 2,490 $240 BANGLADESH 7231086
NODAWAY TANKER 1945 TODD-HOUSTON 3,977 1,120 - AS IS 8450603
ARGUS SD 1971 HOLLMING OY 3,950 1,959 - CHINA 7053252
SILVER SD 1968 ROBB 3,825 2,140 - TURKEY 6802632
CAPTAIN ALI SD 1966NEPTUN
SCHIFFSWERFT 3,640 2,000 - INDIA 6619920
SOLD ENBLOC OMER AND CHEM ARIES INCLUDING 400 TONNES OF STAINLESS STEEL
PER VESSEL - SELLERS ARE AKSAY DENIZCILIK TURKEY
SELLERS ARE FAHEL & PARTNERS SYRIA
SELLERS ARE NORTHERN SHIPPING CO RUSSIA - SALE OF LATE JULY 2009
SELLERS ARE TERAOKA JAPAN - SOLD AS IS FOR BREAKING IN JAPAN
SELLERS ARE REGAL CO LTD RUSSIA
SELLERS ARE AKRAM SHIPPING CO, SYRIA.
CEMENT CARRIER - Leyal Ship Recycling Ltd ARE BREAKERS - SELLERS ARE
PYRSOS/MELISSA GREECESELLERS ARE BILGILI DENIZCILIK TURKEY
KURSAN LTD ARE BREAKERS - OLD SALE MAY2009
SELLERS ARE TERAOKA JAPAN - SOLD AS IS FOR BREAKING IN JAPAN
SELLERS ARE GRIMALDI GROUP ITALY - ROROCARGO SHIP
VEHICLES CARRIER - SELLERS ARE UECC NORWAY - OLD SALE JULY 2009 ALIAGA
TURKEY
SELLERS ARE BAKRI NAVIGATION CO LTD SAUDI ARABIA - SOLD AS IS A. JAIN
AS IS USA TO BE BROKEN IN USA YARD - SELLERS ARE LAFARGE SA FRANCE
SELLERS ARE EASTWIND GROUP USA
SELLERS ARE CONSOLIDATED BULK INC LEBANON
SELLERS ARE ROKO SHIPMANAGMENT LATVIA
LPG - SELLERS ARE UNIVAN SHIPMANAGEMENT, CHINA - SOLD AS IS
FUJAIRAH REGION
SELLERS ARE TANTO INTIM LINE INDONESIA
SELLERS ARE GOLDEN TRUST CARRIERS, GREECE
SELLERS ARE MURMANTRANSFLOT RUSSIA
SELLERS ARE ARAB SHIP MANAGEMENT JORDAN
SELLERS ARE TRITON SHIPPING AB, SWEDENOLD SALE (MAY 2009)
SELLERS ARE NEVA SHIPMANAGEMENT RUSSIA
SHE WILL BE DELIVERED UNDER TOW - SELLERS ARE HOLY HOUSE SHIPPING AB
SWEDEN
VEHICLES CARRIER - SELLERS ARE ABOU MERHI LINES SAL LEBANON
SELLERS ARE SOYSAY SHIPPING, TURKEYSALE PRICE INCL 400 TONS OF STAINLESS
STEEL
SELLERS ARE OCEANSTAR MANAGEMENT INC, GREECE
SELLERS ARE POLARIS MARIITME LTD UK
LIVESTOCK CARRIER - SELLERS ARE VROON BV NETHERLANDS
CHEMICAL TANKER - SELLERS ARE OLYMPIC GULF TANKERS GREECE
SELLERS ARE OCEANSTAR MANAGEMENT INC, GREECE
SELLERS ARE AL-GHADEER MARINE SHIPPINGLLC UAE. SOLD ON AS IS SUEZ BASIS
VEHICLES CARRIER - SELLERS ARE FUKUNAGA KAIUN KK JAPAN
SELLERS ARE RIAMAR SHIPPING CO LTD SYRIA
SELLERS ARE GOLDENPORT SHIPMANAGEMENT GREECE
VEHICLES CARRIER - SELLERS ARE STAMCO SHIP MANAGEMENT CO LTD GREECE
VEHICLES CARRIER - SELLERS ARE NIPPON YUSEN KAISHA JAPAN
VEHICLES CARRIER - SELLERS AREKAWASAKI KISEN KAISHA JAPAN - OLD SALE
JUNE 2009
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 13 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
FINE STAR SD 1969UUDENKAUPUN
GIN 3,580 1,959 - CHINA 6906438
JABAL ALI 2 PAX 1971 SUMITOMO 2,553 5,740 $240 INDIA 7112553
KAPETAN ALEXANDROS A
PAX 1962AILSA SB
TROON UK 1,554 3,455 - TURKEY 5092888
BARIT OTHER 1976MATHIAS-
THESEN-WERF 1,240 2,076 $230 INDIA 7348542
KAVRAY OTHER 1975MATHIAS-
THESEN-WERF 1,212 2,035 $250 INDIA 7348504
OCEAN ODYSSEY PAX 1965ADRIATICO
MONFALCON 852 3,414 - INDIA 6415489
JASON PAX 1965 852 3,123 - INDIA 7011474
Note1: With Red color are indicated all Greek interest Orders
DEMOLITION STATISTICS: 2009 UNITS DWT LDT
January 110 3,980,387 1,023,733 UNITS LDT TAKEN AV. SCRP PRICE
February 126 3,297,403 1,015,524 189 1,961,765 $235March 125 4,064,897 1,138,299 355 2,947,316 $264
April 91 2,253,101 732,999 138 1,502,765 $287May 102 3,080,301 963,122 59 147,945 $182
June 70 1,624,001 557,976 61 534,554 $264July 84 2,036,724 733,944 31 217,535 $66
August 125 3,511,509 1,146,283 833 7,311,880 $216September 0 0 0
October 0 0 0November 0 0 0December 0 0 0
TOTAL 833 23,848,323 7,311,880
UNITS LDT TAKEN av $ UNITS LDT UNITS LDT
189 1,961,765 235.2 184 1,912,818 5 48,947
355 2,947,316 264.0 320 2,583,012 35 364,304
138 1,502,765 286.9 94 942,376 44 560,389
59 147,945 181.7 56 146,845 3 1,100
61 534,554 264.1 53 446,631 8 87,923
31 217,535 65.6 16 104,372 10 53,556
833 7,311,880 216.3 723 6,136,054 105 1,116,219
COUNTRY UNITS % rankGREECE 139 16.7% 1
CHINA 103 12.4% 2
JAPAN 71 8.5% 3
NORWAY 37 4.4% 4
INDIA 33 4.0% 5
UAE 32 3.8% 6
RUSSIA 32 3.8% 6
USA 28 3.4% 8
TURKEY 27 3.2% 9
KOREA 26 3.1% 10
SINGAPORE 26 3.1% 10
SWITZERLAND 18 2.2% 12
ITALY 17 2.0% 13
SYRIA 16 1.9% 14
UK 16 1.9% 14
UKRAINE 15 1.8% 16
BULGARIA 14 1.7% 17
GERMANY 13 1.6% 18
SPAIN 12 1.4% 19
NETHERLANDS 11 1.3% 20ALL OTHER 138 16.6%
UNDISCL 9 1.1%
TOTAL 833 100.0%
FACTORY STERN TRAWLER - SELLERS ARE NAKHODKA ACTIVE MARINE RUSSIA
FACTORY STERN TRAWLER - SELLERS ARE NAKHODKA ACTIVE MARINE RUSSIA
PASS/CRUISE - SELLERS ARE OCEAN CRUISES INDIA PVT LTD INDIA
SELLERS ARE SOLFIL NAVIGATION RUSSIA
SOLD AS IS UAE - SELLERS ARE NAIF MARINE SERVICES PVT UAE
PASS/RO-RO - SELLERS ARE AGOUDIMOS GREECE - IZMIR GERI DONUSUM LTD ARE
BREAKERS
SELLERS ARE FILIA NAFTIKI ETAIRIA EPE, GREECE. PASSENGER SHIP
TURKEY
PAKISTAN
2009 DEMOLITION SELLERS STATISTICS
OTHER/CASH/AS IS
TOTAL
TURKEY
BREAKER – STATS ‘2009
PAKISTAN
INDIA
TOTAL
OTHER/CASH/AS IS
BANGLADESH
CHINA
BREAKER
WETBREAKER
CHINA
DETAILED BREAKER REGION - STATISTICS FOR 2009 DRY
INDIA
BANGLADESH
Average Scrap Price & No of Ships Scrapped 2005-2009
1619 21
11
0
16 18
105
127
17 15
24
18201717 1617
11
19
2929
2116
25
1317 16
1310
17
23
812
21
1419
2319
26
52
28
38
68
79
110
91
102
70
84
125126125
$100
$200
$300
$400
$500
$600
$700
$800
Feb-05
Apr-05
Jun-05
Aug-05
Oct-0
5
Dec-0
5
Feb-06
Apr-06
Jun-06
Aug-06
Oct-0
6
Dec-0
6
Feb-07
Apr-07
Jun-07
Aug-07
Oct-0
7
Dec-0
7
Feb-08
Apr-08
Jun-08
Aug-08
Oct-0
8
Dec-0
8
Feb-09
Apr-09
Jun-09
Aug-09
-5
15
35
55
75
95
115
135
Average Scrap PriceNumber of Ships
DEMO STATS 2005-2009
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
Feb-0
5
Apr-0
5
Jun-0
5
Aug-0
5
Oct-0
5
Dec-0
5
Feb-0
6
Apr-0
6
Jun-0
6
Aug-0
6
Oct-0
6
Dec-0
6
Feb-0
7
Apr-0
7
Jun-0
7
Aug-0
7
Oct-0
7
Dec-0
7
Feb-0
8
Apr-0
8
Jun-0
8
Aug-0
8
Oct-0
8
Dec-0
8
Feb-0
9
Apr-0
9
Jun-0
9
Aug-0
9
-15
5
25
45
65
85
105
125DWTLDTNUMBER
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 14 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
300 107 281 28 117 833 SHIPS36.0% 12.8% 33.7% 3.4% 14.0% 100.0%
2,290,445 1,140,638 2,639,057 178,369 1,063,371 7,311,88010,376,135 4,897,417 6,944,096 284,348 1,346,327 23,848,323$425,875,882 $260,920,332 $496,597,526 $34,926,000 $112,187,786 $1,330,507,52632.3 Years 28.3 Years 28.6 Years 28.6 Years 29.5 Years 29.5 Years
REEFERRORO PAX
CRUISE
UNITS
CONT/ TWEEN/ MPP
DWT
STATS
AVERAGE AGE
%
LDT
USD PAID
Demolition DATA for 2009TANK/
OBO/LPG
source of data: N. COTZIAS SHIPPING CONSULTANTS (NCSC)
TOTALBULKERS / SD
LDT INTAKE PER SCRAP COUNTRY FOR 2009
CHINA, 1,961,765, 27%
INDIA, 2,947,316, 40%
BANGLADESH, 1,502,765, 21%
TURKEY, 147,945, 2%
PAKISTAN, 534,554, 7%
OTHER/CASH/AS IS, 217,535, 3%
CHINA
INDIA
BANGLADESH
TURKEY
PAKISTAN
OTHER/CASH/AS IS
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ CHINA
$228
$243
$215$212
$226
$249$255
$215210
220
230
240
250
260
Jan‐09 Feb‐09 Mar‐09 Apr‐09 May‐09 Jun‐09 Jul‐09 Aug‐09
AV
ER
AG
E S
CR
AP
P
RIC
E U
$/L
DT
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ INDIA
$266 $262$272
$258
$234
$258$249
$289
210
230
250
270
290
Jan‐09 Feb‐09 Mar‐09 Apr‐09 May‐09 Jun‐09 Jul‐09 Aug‐09
AV
ER
AG
E S
CR
AP
P
RIC
E U
$/L
DT
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ PAKISTAN
$271 $265 $261 $266$248
$282
$315
$280
210
230
250
270
290
310
330
Jan‐09 Feb‐09 Mar‐09 Apr‐09 May‐09 Jun‐09 Jul‐09 Aug‐09
AV
ER
AG
E S
CR
AP
P
RIC
E U
$/L
DT
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ BANGLADESH
$274 $269
$311
$277
$240
$296 $289$279
210
260
310
Jan‐09 Feb‐09 Mar‐09 Apr‐09 May‐09 Jun‐09 Jul‐09 Aug‐09
AV
ER
AG
E S
CR
AP
P
RIC
E U
$/L
DT
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ TURKEY
$200
$183 $186$202
$168
$146
$165$175
120
140
160
180
200
220
Jan‐09 Feb‐09 Mar‐09 Apr‐09 May‐09 Jun‐09 Jul‐09 Aug‐09
AV
ER
AG
E S
CR
AP
P
RIC
E U
$/L
DT
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 15 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
DATE BDI % frm 1/1/2009 BCI% frm
1/1/2009 BPI% frm
1/1/2009 BSI% frm
1/1/2009 BHI% frm
1/1/2009
31/07/2009 3,350 333.4% 5,385 295.7% 3,183 489.4% 2,081 406.3% 887 217.9%
03/08/2009 3,251 320.6% 5,187 281.1% 3,114 476.7% 2,060 401.2% 883 216.5%
04/08/2009 3,159 308.7% 5,023 269.1% 3,030 461.1% 2,033 394.6% 872 212.5%
05/08/2009 3,051 294.7% 4,848 256.2% 2,919 440.6% 1,996 385.6% 863 209.3%
06/08/2009 2,907 276.1% 4,631 240.3% 2,754 410.0% 1,918 366.7% 850 204.7%
07/08/2009 2,772 258.6% 4,444 226.5% 2,599 381.3% 1,840 347.7% 833 198.6%
10/08/2009 2,689 247.9% 4,351 219.7% 2,489 360.9% 1,785 334.3% 824 195.3%
11/08/2009 2,623 239.3% 4,292 215.4% 2,378 340.4% 1,736 322.4% 821 194.3%
12/08/2009 2,612 237.9% 4,333 218.4% 2,325 330.6% 1,700 313.6% 823 195.0%
13/08/2009 2,685 247.3% 4,553 234.5% 2,340 333.3% 1,693 311.9% 828 196.8%
14/08/2009 2,752 256.0% 4,708 245.9% 2,391 342.8% 1,709 315.8% 829 197.1%
17/08/2009 2,774 258.9% 4,747 248.8% 2,415 347.2% 1,723 319.2% 831 197.8%
18/08/2009 2,704 249.8% 4,544 233.9% 2,405 345.4% 1,733 321.7% 831 197.8%
19/08/2009 2,614 238.2% 4,342 219.0% 2,349 335.0% 1,731 321.2% 831 197.8%
20/08/2009 2,534 227.8% 4,162 205.8% 2,290 324.1% 1,731 321.2% 829 197.1%
21/08/2009 2,468 219.3% 4,030 196.1% 2,244 315.6% 1,733 321.7% 823 195.0%
24/08/2009 2,437 215.3% 3,965 191.3% 2,195 306.5% 1,748 325.3% 824 195.3%
25/08/2009 2,388 208.9% 3,869 184.3% 2,127 293.9% 1,753 326.5% 823 195.0%
26/08/2009 2,427 214.0% 4,026 195.8% 2,085 286.1% 1,749 325.5% 829 197.1%
27/08/2009 2,425 213.7% 4,002 194.0% 2,093 287.6% 1,752 326.3% 832 198.2%
28/08/2009 2,421 213.2% 3,946 189.9% 2,157 299.4% 1,740 323.4% 833 198.6%
BALTIC DRY BULK MARKET INDICES until 31st AUGUST 2009
All Baltic DRY indices 2005 - 2009
300
2300
4300
6300
8300
10300
12300
14300
16300
18300
Feb-05
May-05
Aug-05
Nov-05
Feb-06
May-06
Aug-06
Nov-06
Feb-07
May-07
Aug-07
Nov-07
Feb-08
May-08
Aug-08
Nov-08
Feb-09
May-09
Aug-09
BPIBCIBDIBSI
BALTIC DRY 2005 - 2009
400
2400
4400
6400
8400
10400
Feb-05
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
BDIBALTIC CAPE 2005 - 2009
400
2900
5400
7900
10400
12900
15400
17900
Feb-05
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
BCI
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 16 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
DATE CLEAN % frm 2/1/08 DIRTY % frm 2/1/08
31/07/2009 465 -23.9% 474 -43.0%
03/08/2009 467 -23.6% 474 -43.0%
04/08/2009 466 -23.7% 474 -43.0%
05/08/2009 465 -23.9% 472 -43.2%
06/08/2009 464 -24.1% 475 -42.8%
07/08/2009 462 -24.4% 474 -43.0%
10/08/2009 462 -24.4% 471 -43.3%
11/08/2009 457 -25.2% 468 -43.7%
12/08/2009 454 -25.7% 469 -43.6%
13/08/2009 451 -26.2% 472 -43.2%
14/08/2009 449 -26.5% 477 -42.6%
17/08/2009 446 -27.0% 480 -42.2%
18/08/2009 443 -27.5% 483 -41.9%
19/08/2009 436 -28.6% 490 -41.0%
20/08/2009 432 -29.3% 499 -40.0%
21/08/2009 430 -29.6% 502 -39.6%
24/08/2009 430 -29.6% 503 -39.5%
25/08/2009 427 -30.1% 511 -38.5%
26/08/2009 426 -30.3% 507 -39.0%
27/08/2009 429 -29.8% 504 -39.4%
28/08/2009 433 -29.1% 500 -39.8%
BALTIC TANKER MARKET INDICES until 31st AUGUST 2009
BALTIC PMAX 2005 - 2009
300
2300
4300
6300
8300
10300
Feb-05
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
BPIBALTIC SUPMAX 2006 - 2009
300
1300
2300
3300
4300
5300
6300
7300
Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
BSI
ALL BALTIC WET Indices 2006-9
300
800
1300
1800
2300
Feb-06Apr-06
Jun-06Aug-06
Oct-06Dec-06
Feb-07Apr-07
Jun-07Aug-07
Oct-07Dec-07
Feb-08Apr-08
Jun-08Aug-08
Oct-08Dec-08
Feb-09Apr-09
Jun-09Aug-09
BCTI
BDTI
ALL CAPITAL LINK WET Indices 2006-9
400
1400
2400
3400
4400
5400
Feb-06Apr-06
Jun-06Aug-06
Oct-06Dec-06
Feb-07Apr-07
Jun-07Aug-07
Oct-07Dec-07
Feb-08Apr-08
Jun-08Aug-08
Oct-08Dec-08
Feb-09Apr-09
Jun-09Aug-09
CL Tanker Index (CLTI)
CL LNG/LPG Index (CLLG)
CAPITAL LINK MARITIME INDEX 2005-9
400.00
1400.00
2400.00
3400.00
4400.00
5400.00
Feb-05May-05
Aug-05Nov-05
Feb-06May-06
Aug-06Nov-06
Feb-07May-07
Aug-07Nov-07
Feb-08May-08
Aug-08Nov-08
Feb-09May-09
Aug-09
CL Maritime Index (CLMI)
CAPITAL LINK DRYBULK INDEX 2005-9
400.00
1400.00
2400.00
3400.00
4400.00
5400.00
6400.00
7400.00
Feb-05May-05
Aug-05Nov-05
Feb-06May-06
Aug-06Nov-06
Feb-07May-07
Aug-07Nov-07
Feb-08May-08
Aug-08Nov-08
Feb-09May-09
Aug-09
CL Drybulk Index (CLDBI)
CAPITAL LINK CONTAINER INDEX 2005-9
400.00
900.00
1400.00
1900.00
2400.00
2900.00
3400.00
3900.00
4400.00
4900.00
Feb-05May-05
Aug-05Nov-05
Feb-06May-06
Aug-06Nov-06
Feb-07May-07
Aug-07Nov-07
Feb-08May-08
Aug-08Nov-08
Feb-09May-09
Aug-09
CL Container Index (CLCI)
CAPITAL LINK MLP INDEX 2005-9
400.00
900.00
1400.00
1900.00
2400.00
2900.00
3400.00
3900.00
4400.00
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
CL MLP Index (CLMLP)
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 17 of 18
www.cotzias.gr – visit our constantly updated website AUGUST 2009
ALL CAPITAL LINK INDICES ARE USED WITH THE EXPRESS KIND PERMISSION OF CAPITAL LINK INC - NEW YORK
DISCLAIMER: INFORMATION & DATA CONTAINED IN THIS MONTHLY MARKET REPORT HAVE BEEN CAREFULLY OBTAINED FROM VARIOUS MARKET SOURCES. ALTHOUGH ALL IS BELIEVED TO BE CORRECT, N. COTZIAS SHIPPING GROUP MAKES NO GUARANTEE FOR ACCURACY, AND SHALL NOT BE LIABLE FOR ANY LOSS INCURRED IN ANY WAY WHATSOEVER BY ANY PERSON RELYING ON THE INFORMATION CONTAINED HEREIN.
BALTIC DIRTY TANKER INDEX 2005 - 2009
400
900
1400
1900
2400
Feb-05Apr-0
5Jun-05
Aug-05Oct-0
5Dec-05
Feb-06Apr-0
6Jun-06
Aug-06Oct-0
6Dec-06
Feb-07Apr-0
7Jun-07
Aug-07Oct-0
7Dec-07
Feb-08Apr-0
8Jun-08
Aug-08Oct-0
8Dec-08
Feb-09Apr-0
9Jun-09
Aug-09
BDTIBALTIC CLEAN TANKER INDEX 2005 - 2009
300
500
700
900
1100
1300
1500
1700
1900
2100
Feb-05Apr-0
5Jun-05
Aug-05Oct-0
5Dec-05
Feb-06Apr-0
6Jun-06
Aug-06Oct-0
6Dec-06
Feb-07Apr-0
7Jun-07
Aug-07Oct-0
7Dec-07
Feb-08Apr-0
8Jun-08
Aug-08Oct-0
8Dec-08
Feb-09Apr-0
9Jun-09
Aug-09
BCTI
Brent OIL (2001 - 2009)
16
26
36
46
56
66
76
86
96
106
116
126
136
146
Feb-
01
May
-01
Aug-0
1
Nov-0
1
Feb-
02
May
-02
Aug-0
2
Nov-0
2
Feb-
03
May
-03
Aug-0
3
Nov-0
3
Feb-
04
May
-04
Aug-0
4
Nov-0
4
Feb-
05
May
-05
Aug-0
5
Nov-0
5
Feb-
06
May
-06
Aug-0
6
Nov-0
6
Feb-
07
May
-07
Aug-0
7
Nov-0
7
Feb-
08
May
-08
Aug-0
8
Nov-0
8
Feb-
09
May
-09
Aug-0
9
Brent Oil
CAPITAL LINK TANKER INDEX 2005-9
400.00
1400.00
2400.00
3400.00
4400.00
5400.00
Feb-05Apr-05
Jun-05Aug-05
Oct-05Dec-05
Feb-06Apr-06
Jun-06Aug-06
Oct-06Dec-06
Feb-07Apr-07
Jun-07Aug-07
Oct-07Dec-07
Feb-08Apr-08
Jun-08Aug-08
Oct-08Dec-08
Feb-09Apr-09
Jun-09Aug-09
CL Tanker Index (CLTI)
CAPITAL LINK LNG/LPG INDEX 2005-9
400.00
800.00
1200.00
1600.00
2000.00
2400.00
2800.00
3200.00
Jun-05Aug-05
Oct-05Dec-05
Feb-06Apr-06
Jun-06Aug-06
Oct-06Dec-06
Feb-07Apr-07
Jun-07Aug-07
Oct-07Dec-07
Feb-08Apr-08
Jun-08Aug-08
Oct-08Dec-08
Feb-09Apr-09
Jun-09Aug-09
CL LNG/LPG Index (CLLG)
WTI SPOT PRICE (2001 - 2009)
16
26
36
46
56
66
76
86
96
106
116
126
136
146
Feb-
01
May
-01
Aug-0
1
Nov-0
1
Feb-
02
May
-02
Aug-0
2
Nov-0
2
Feb-
03
May
-03
Aug-0
3
Nov-0
3
Feb-
04
May
-04
Aug-0
4
Nov-0
4
Feb-
05
May
-05
Aug-0
5
Nov-0
5
Feb-
06
May
-06
Aug-0
6
Nov-0
6
Feb-
07
May
-07
Aug-0
7
Nov-0
7
Feb-
08
May
-08
Aug-0
8
Nov-0
8
Feb-
09
May
-09
Aug-0
9
WTI Spot Price
N. COTZIAS SHIPPING CO. LTD. ( SHIPBROKERS SINCE 1893 ) PAGE 18 of 18