Friday 06 November 2015 S&P Summary

Sales by Buyers Location Sales by Type

South Korea, 13.5

Germany, 16.3 Unknown, 54.5 Bulker, 55.50 Tanker, 57.30

Greece, 28.5

Sales

DRY Name Type DWT Yard Built USD mill Comments VesselsValue.com Buyer Seller Churchill Bulker Capesize 179,400 Hyundai Heavy Ind 2011 28.5 Previous sale failed. 29.3 Diana Shipping Lauritzen J Geraldine Manx Supramax 58,100 Tsuneishi Zhoushan 2010 13.5 13.7 Unknown LTU Management Expander Handymax 46,600 Mitsui Tamano 2000 5.5 SS/DD Passed 5.2 Korean Changsung Shipping Mosor Handymax 42,600 Brodosplit 2001 5.2 5.0 Unknown Jadroplov Hanjin Brisbane Handysize 27,300 Hanjin Heavy Ind 1997 2.8 3.5 Unknown Hanjin Shipping

WET Name Type DWT Yard Built USD mill Comments VesselsValue.com Buyer Seller Mindanao Suezmax 150,000 Daewoo 1998 21 17.9 Far Eastern Ship Finance International Besiktas Scotland Small Clean 18,000 Deniz Endustrisi (Cicek) 2007 16.3 11.4 Carl F Peters Besiktas Likid Tasimacilik Golden Tiffany Small Chemical 16,500 Kurinoura Dock 1998 8 8.6 Korean Dorval Kaiun Golden Top Small Chemical 12,300 Hakata Zosen 2004 12 13.9 Unknown Green Maritime Co

CONTAINER Name Type TEU Yard Built USD mill Comments VesselsValue.com Buyer Seller Joseph Conrad Panamax 4,250 Jiangsu New Yangzijiang 2010 16 18.1 German Norddeutsche Reederei H Schuldt Cielo Di Rabat Sub Panamax 2,054 Flender Werft 1997 7 4.5 D'Amico Dry Ltd Santa Giorgina 06/11/2015

Newbuildings WET Units Type DWT Yard Delivery USD mill Comments Buyer 2 VLCC 300,000 Hyundai HI 2017 95 Oriental Shipping and Investment 3+2 MR 50,000 CSSC Offshore 2017-2018 40 On Subs Stena Bulk

GAS Units Type CBM Yard Delivery USD mill Comments Buyer 1 VLGC 84,000 Hyundai HI 2017 77 KSS Line

Period

DRY Name Type DWT Yard Built Rate $/day Comments Charterer Period Dream Canary Capesize 180,500 Tsuneishi Cebu 2015 11,000 SwissMarine Inc 1 Year Navios Happiness Capesize 180,000 Daewoo 2009 4,750 +50% of BCI 5 timecharter average SwissMarine Inc 15 Months Macheras Kamsarmax 81,000 Japan Marine United 2015 7,950 Marubeni 6 Months KM Imabari Panamax 76,600 Imabari 2009 6,000 MOL 6 Months

WET Name Type DWT Yard Built Rate $/day Comments Charterer Period Triathlon Suezmax 164,400 Hyundai Samho Heavy Ind 2002 35,000 Koch Logistics 2 Years Miltiadis M II LR3 162,400 Daewoo 2006 35,000 Capital Maritime 6 Months Kleon LR2 115,000 Sungdong 2016 27,750 +1 year option Reliance Industries 1 year Astrea LR2 105,600 Daewoo 1999 25,500 Shell 2 Years Torm Kristina LR2 100,000 Halla 1999 24,400 Petrobras 3 Years Arctic Flounder LR1 74,900 Brodosplit 2009 23,000 Litasco Group 18 Months Apostolos MR 47,800 Hyundai Mipo 2007 17,750 Petrobras 3 Years Atrotos MR 47,800 Hyundai Mipo 2007 17,750 Petrobras 3 Years Ioannis 1 MR 46,000 Uljanik Brodogradiliste 2006 19,000 Team 1 Year

CONTAINER Name Type TEU Yard Built Rate $/day Comments Charterer Period Texas Post Panamax 6,966 Hyundai Heavy Ind 2009 7,000 TS Lines 6 Months Langeness Handysize 1,402 Avic Weihai Shipyard Co 2006 8,600 Seago Line 6 Months Alexander B Feedermax 1,221 Hegemann Rolandwerft 2006 10,500 CMA CGM 6 Months Conmar Bay Feedermax 1,036 Jiangdong 2012 9,000 OOCL 6 Months

GAS Name Type CBM Yard Built Rate $/day Comments Charterer Period Gas Prodigy FP LPG 5,030 Zhenjiang Shipyard 2003 230,000 Petredec Ltd 1 Year G Elite FP LPG 4,000 Shin Kurushima Manufacturing1996 160,000 Unknown 6 Months Orkim Gas Brilliance FP LPG 3,600 Shitanoe Zosen 2015 160,000 Unknown 1 Year Marianne FP LPG 3,542 Yamanishi Zosen 2009 170,000 Statoil ASA 1 Year 06/11/2015 0 0 0 0 0 0 0 0

S & P Trends $150 $700 Dry Sales by Type $650 Wet Sales by Type $600 $550 $500 $100 $450 Handysize Singledecker Handymax Handymax $400 $350 Panamax MR $300 Small Clean Supramax Handysize Handysize $250 $50 Handysize Handysize Handysize Handymax $200 Handymax Handymax Supramax $150 Supramax Capesize VLCC Handymax Supramax Supramax Panamax $100 Small Tanker MR Panamax Capesize $50 Aframax Chemical Panamax Panamax MR MR MR Small Clean P Panamax P Panamax Suezmax MR Suezmax VLCC Suezmax $0 Capesize $0 18 Sept 25 Sept 02 Oct 09 Oct 16 Oct 23 Oct 30 Oct 06 Nov 18 Sept 25 Sept 02 Oct 09 Oct 16 Oct 23 Oct 30 Oct 06 Nov

Indices

CHARTERING Baltic Dry 05/11/2015 29/10/2015 Up Down 5 Year High Date 5 Year Low Date Index 640 728 88 2,482 08/11/10 511 20/02/15 Capesize $ 6,199 8,007 1,808 42,211 25/09/13 2,644 21/08/12 Panamax $ 4,938 5,459 521 19,664 10/11/10 3,336 27/09/12 Supramax $ 6,104 6,619 515 17,548 14/12/10 5,052 20/02/15 Handysize $ 4,788 5,113 325 12,390 08/11/10 4,000 20/02/15

Baltic Wet 05/11/2015 29/10/2015 Up Down 5 Year High Date 5 Year Low Date Dirty Index 822 750 72 1,243 23/01/14 577 28/06/13 Clean Index 461 464 3 908 23/12/11 461 05/11/15

VesselsValue.com Indices 05/11/2015 29/10/2015 Up Down Bulker $/dwt 153.01 160.64 7.6 Container $/teu 5178.37 5230.09 51.7 Tanker $/dwt 311.79 303.51 8.3 LPG $/cbm 1,000.57 1,001.30 0.7 Currencies & Commodities

USD GBP EUR JPY KOR RMB 06/11/2015 1.52 1.09 121.92 1141.16 6.35 5 YR HIGH 1.70 - 20/06/14 1.48 - 30/04/11 124.76 - 07/08/15 1206.26 - 24/08/15 6.60 - 11/03/11 5 YR LOW 1.46 - 11/04/15 1.06 - 10/04/15 75.72 - 28/10/11 1008.55 - 03/07/11 6.05 - 24/01/14

06/11/2015 30/10/2015 Up Down 5 Year High Date 5 Year Low Date Light Crude 45.4 45.49 0.09 108.8 30/08/2013 41.06 21/08/2015 Gold 1,107.10 1,149.00 41.9 1,822 19/08/2011 1,092 07/08/2015 Corn 375 379.5 4.5 823.75 10/08/2012 353 17/10/2014 Demo $/t (tanker) 330 330 555 10/08/2011 320 28/08/2015 Demo $/t (bulker) 310 320 10 535 03/08/2011 300 07/08/2015 FTSE 100 6,363.90 6,398.92 35.02 7,091 24/04/2015 5,041 15/08/2011 Dow Jones 17,863.43 17,755.80 107.63 18,285 22/05/2015 11,578 27/12/2010 Nikkei 225 19,265.60 19,083.10 182.5 20,724.56 07/08/2015 8,160 21/11/2011 SSEC, China 3,590.03 3,382.56 207.47 5,166 12/06/2015 1,980 26/11/2012 SEASURE SHIPPING LTD Richard Rivlin DIRECT +44 (0) 203 327 9751 MOBILE +44 (0) 7836 210 210 Director - Georgina Gavin DIRECT +44 (0) 203 327 9651 VESSELSVALUE LTD S&P +44 (0) 208 995 4375 Matthew Freeman DIRECT +44 (0) 203 327 9752 MOBILE +44 (0) 7795 416 873 Director- Adrian Economakis DIRECT +44 (0) 203 327 9652 SALES TEAM +44 (0) 203 327 9650 [email protected] Tom Evans DIRECT +44 (0) 203 327 9753 MOBILE +44 (0) 7787 421 301 Sales Asia - Junko Abe DIRECT +44 (0) 203 327 9655 RESEARCH TEAM +44 (0) 203 142 6500 www.seasure.co.uk Toby Mumford DIRECT +44 (0) 203 327 9754 MOBILE +44 (0) 7946 523 251 Sales UK - Paddy Stern DIRECT +44 (0) 203 327 9654 [email protected]