Friday 16 October 2015 S&P Summary

Sales by Buyers Location Sales by Type

Vietnam, 5.7

Norway, 13.1

Unknown, 24.7 Bulker, 71.45 Tanker, 45.00

China, 16.3

Greece, 56.65

Sales

DRY Name Type DWT Yard Built USD mill Comments VesselsValue.com Buyer Seller Chiara Post Panamax 114,200 New Times 2011 13.1 TC To Swiss Marine 17.5 Golden Ocean Group Seaarland Shipping Moonlight Panamax 76,000 Jiangnan Shanghai HI 2010 12.5 14.5 Unknown Alpha Sigma Pavian Panamax 74,700 Hudong 2001 4.65 5.8 Greek ER Schiffahrt Piro Panamax 73,700 Sumitomo 1997 3.7 4.0 Chinese Laeisz F Brugge Max Panamax 73,100 Sumitomo 1998 4.3 4.4 Chinese Enterprises Shipping and Trading Pro Trader Handysize 34,700 Tianjin Xingang 2003 4.5 At Auction 5.5 Aqua Holic Dubai Trading Agency Matsushima Bay Handysize 33,200 Kanda 2011 11.5 13.0 Greek Sekihyo Line Atlantic Burnet Handysize 32,100 Hakodate Dock 2007 8.3 9.4 Pacific Basin Shipping Sandigan Ship Services CS Sacha Handysize 28,400 Imabari 2001 5.7 5.4 Vietnamese Clipper Group Rubia Handysize 26,600 Imabari 1997 3.2 3.7 Unknown Dalian Tiger Shipping

WET Name Type DWT Yard Built USD mill Comments VesselsValue.com Buyer Seller Alan Veliki Suezmax 166,700 Brodosplit 2004 36 34.4 Ancora Investment Tankerska Plovidba DL Sunflower MR 47,200 Onomichi Dockyd 1998 9 7.7 Unknown Daelim Corp

CONTAINER Name Type TEU Yard Built USD mill Comments VesselsValue.com Buyer Seller Dimitris Y Post Panamax 5468 Kvaerner Warnow Werft 2000 14.5 SS Passed May 2015 13.2 Greek Poseidon Containers

GAS Name Type CBM Yard Built USD mill Comments VesselsValue.com Buyer Seller JBU Forth LEG 10,039 Sekwang HI 2008 27.5 Enbloc. 28.1 Lauritzen Kosan Gas Siva Shipping JBU Maas LEG 10,039 Sekwang HI 2008 27.5 Enbloc. 28.1 Lauritzen Kosan Gas Siva Shipping 16/10/2015

Newbuildings

WET Units Type DWT Yard Delivery USD mill Comments Buyer 2+2 MR 50,000 Hyundai Vinashin 2017 Undisclosed Mitsui and Co

CONTAINER Units Type TEU Yard Delivery USD mill Comments Buyer 8 ULCV 14,000 Hyundai Samho HI 2018-19 122 AP Moller Maersk 8 New Panamax 11,800 Jiangsu Yangzi Xinfu 2018-19 Undisclosed PIL

GAS Units Type CBM Yard Delivery USD mill Comments Buyer 1+1 SP FR LPG 22,500 Hyndai Mipo 2017 43 Global United

Period

DRY Name Type DWT Yard Built Rate $/day Comments Charterer Period Samjohn Solidarity Capesize 181,000 STX 2010 10,600 Unknown 15 Months Nymphe Capesize 180,000 Daewoo 2009 10,600 Unknown 1 year Bright Gemini Kamsarmax 82,200 Tsuneishi Zhoushan 2013 7,750 Eon UK Plc 1 year Sea Gemini Kamsarmax 81,700 Wuchang Shipbuilding Ind 2014 8,000 Clearlake 6 Months Alpha Wisdom Kamsarmax 81,300 Hyundai HI 2012 7,750 Noble Group 6 Months Thor Panamax 76,800 Oshima 2005 8,000 Hudson Shipping Lines 1 Year Melite Panamax 76,400 Tsuneishi Zosen 2004 7,250 Cargill 1 Year

WET Name Type DWT Yard Built Rate $/day Comments Charterer Period Mistral VLCC 306,300 Hyundai HI 2000 40,000 Exxon Mobil 2 Years Bunga Kasturi Lima VLCC 300,200 Universal 2007 42,500 BP 2 Years Front Idun Suezmax 156,000 Jiangsu Rongsheng 2015 33,500 Unknown 2 Years Jag Lakshita Suezmax 147,100 Samsung 2000 29,500 IOC 2 Years Jag Lateef Suezmax 147,100 Samsung 2000 29,500 IOC 2 Years Lady Henrietta LR2 111,800 Hyundai HI 2012 28,250 BP 15 Months King Philippos LR2 111,800 Hyundai HI 2012 28,250 BP 15 Months Moon Safari LR2 106,100 Namura 2000 24,000 Petrobras 3 Years Miss Lucy MR 50,700 SPP 2008 18,000 Scorpio 2 Years Angi MR 37,200 Hyundai Mipo 2003 16,500 Trafigura 1 Year

CONTAINER Name Type TEU Yard Built Rate $/day Comments Charterer Period Los Angeles Trader Post Panamax 6,039 CSBC Kaohsiung 2007 9,500 APL 6 Months Bavaria Panamax 4,253 Samsung 2003 8,600 Hapag Lloyd 9 Months Summer E Panamax 3,500 STX 2007 9,000 Maersk Line Ltd 6 Months Cape Mayor Sub Panamax 2,700 Wadan Yards MTW 2007 7,950 CMA CGM 6 Months Spero Handysize 1,728 Stocznia Szczecin Nowa 2002 9,150 IACC 6 Months Hansa Centurion Handysize 1,645 Hanjin HI 1998 8,500 Simatech Shipping 6 Months Cape Felton Handysize 1,440 P+S Werften 2008 9,500 TS Lines 6 Months 16/10/2015 #N/A #N/A #N/A #N/A #N/A #N/A #N/A

S & P Trends $450 $700 Dry Sales by Type $650 Wet Sales by Type $400 Handysize Handymax $600 $550 $350 Panamax $500 $300 $450 $400 $250 $350 MR $200 $300 Small Clean $250 MR $150 Capesize Aframax $200 Chemical $150 $100 HandymaxHandysize Handymax $100 Small Clean MR VLCC Small Tanker $50 Supramax Supramax Handysize Handysize $50 MR MR Handysize HandymaxHandysize MR MR Panamax Supramax Handymax Supramax Supramax Panamax $0 Suezmax Aframax Suezmax MR Suezmax Capesize Kamsarmax Panamax Panamax Panamax $0 Capesize P Panamax 28 Aug 04 Sept 11 Sept 18 Sept 25 Sept 02 Oct 09 Oct 16 Oct 28 Aug 04 Sept 11 Sept 18 Sept 25 Sept 02 Oct 09 Oct 16 Oct Indices

CHARTERING Baltic Dry 15/10/2015 08/10/2015 Up Down 5 Year High Date 5 Year Low Date Index 766 817 51 2,784 27/10/10 511 20/02/15 Capesize $ 8,511 10,275 1,764 46,434 26/10/10 2,644 21/08/12 Panamax $ 5,949 5,904 45 19,855 28/10/10 3,336 27/09/12 Supramax $ 6,907 7,028 121 19,304 18/10/10 5,052 20/02/15 Handysize $ 5,478 5,532 54 14,295 19/10/10 4,000 20/02/15

Baltic Wet 15/10/2015 08/10/2015 Up Down 5 Year High Date 5 Year Low Date Dirty Index 772 790 18 1,243 23/01/14 577 28/06/13 Clean Index 477 506 29 908 23/12/11 477 15/10/15

VesselsValue.com Indices 15/10/2015 08/10/2015 Up Down Bulker $/dwt 166 167.12 1.1 Container $/teu 5335.67 5111.02 224.7 Tanker $/dwt 306.38 307.75 1.4 LPG $/cbm 1,002.76 999.83 2.9

Currencies & Commodities

USD GBP EUR JPY KOR RMB 16/10/2015 1.55 1.14 119.11 1142.36 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

16/10/2015 09/10/2015 Up Down 5 Year High Date 5 Year Low Date Light Crude 47.01 50.17 3.16 108.8 30/08/2013 41.06 21/08/2015 Gold 1,175.80 1,145.50 30.3 1,822 19/08/2011 1,092 07/08/2015 Corn 374.75 391.25 16.5 823.75 10/08/2012 353 17/10/2014 Demo $/t (tanker) 340 340 555 10/08/2011 320 28/08/2015 Demo $/t (bulker) 330 330 535 03/08/2011 300 07/08/2015 FTSE 100 6,383.10 6,410.87 27.77 7,091 24/04/2015 5,041 15/08/2011 Dow Jones 17,141.75 17,050.75 91 18,285 22/05/2015 11,578 27/12/2010 Nikkei 225 18,291.80 18,438.67 146.87 20,724.56 07/08/2015 8,160 21/11/2011 SSEC, China 3,391.35 3,183.15 208.2 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]