Friday 12 February 2016 S&P Summary

Sales by Buyers Location Sales by Type

Bangladesh, 6.8

Tanker, 12.50 USA, 21.5

Unknown, 14.5 Bulker, 30.30

Sales DRY Name Type DWT Yard Built USD mill Comments VesselsValue.com Buyer Seller Spring Zephyr Capesize 180,200 Imabari 2010 21.5 20.8 CarVal Investors Shunzan Kaiun Aston Trader II Supramax 55,500 Oshima 2008 6.8 7.5 SR Shipping Nisshin Shipping Apollon Handysize Laker 30,900 Naikai Setoda 1996 2 1.6 Unknown Seastar Chartering

WET Name Type DWT Yard Built USD mill Comments VesselsValue.com Buyer Seller Ratana Ubon Small Chemical 5,000 Hayashikane 1994 2.5 2.5 Unknown Nathalin Management Sichem Sparrow Small Chemical 3,600 Il Heung 2001 5 5.1 Far Eastern Team Tankers International Sichem Colibri Small Chemical 3,600 Il Heung 2001 5 5.1 Far Eastern Team Tankers International

GAS Name Type CBM Yard Built USD mill Comments VesselsValue.com Buyer Seller Cambridge MGC LPG 34,485 Hyundai HI 2006 41.5 44.0 Indian Eastern Pacific Shipping 12/02/2016

Newbuildings

WET Units Type DWT Yard Delivery USD mill Comments Buyer 1 VLCC 311,000 Japan Marine United 2018 undisc. Kyoei Tanker 1 MR 50,000 Hyundai Mipo 2017 35.5 Declared option CMM (Latsis)

Period

DRY Name Type DWT Yard Built Rate $/day Comments Charterer Period Seafighter Capesize 181,100 SWS 2015 6,950 Eon UK Plc 1 year GP Zafirakis Capesize 179,500 Qingdao Beihai 2014 6,500 RWE Group 15 months New York Capesize 177,800 SWS 2010 5,200 Rio Tinto Shipping 1 year Bulk India Capesize 177,600 Mitsui Ichihara 2004 5,000 Oldendorff Carriers 9 months Semirio Capesize 174,300 SWS 2007 4,800 SwissMarine Inc 1 year Oceana Kamsarmax 81,600 Jiangnan Changxing HI 2014 5,350 Eon UK Plc 6 months Ecomar GO Panamax 75,100 Hudong 2008 4,250 XO Shipping AS 1 year

WET Name Type DWT Yard Built Rate $/day Comments Charterer Period Stena Performance Post Panamax 65,100 Brodosplit 2006 21,000 Union Maritime 1 year UACC Mirdif MR2 47,400 Onomichi Dockyard 2010 18,300 Reliance Industries 1 year

CONTAINER Name Type TEU Yard Built Rate $/day Comments Charterer Period Anke Panamax 3,108 Stocznia Szczecin Nowa 2002 6,500 NYK Line 6 months Frisia Loga Sub Panamax 2,478 Wadan Yards MTW 2006 6,000 CMA CGM 6 months San Pedro Handysize 1,715 CSSC OME 2014 8,300 Heung-A Shipping 6 months Lantau Bridge Feedermax 1,049 Dae Sun 2008 7,600 TS Lines 6 months

GAS Name Type CBM Yard Built Rate $/pcm Comments Charterer Period BW Maple VLGC LPG 82,291 Hyundai Samho 2007 undisc +1 year option IOC 1 year BW Oak VLGC LPG 82,253 Hyundai Samho 2008 undisc +1 year option IOC 1 year Marte SP FR LPG 2,940 Cantieri De Poli 2004 245,000 Yara International 1 year 12/02/2016 0 0 0 0 0 0 0 0

S & P Trends

$400 $300 Handysize Dry Sales by Type Wet Sales by Type $350 Panamax $250 $300 $200 $250 MR MR $200 $150 Capesize Chemical HandymaxHandysize $150 Small Clean LR 1 $100 Supramax Small Clean Handysize VLCC $100 Panamax PSupramax Panamax MR Kamsarmax Small Clean Handymax $50 Aframax MR LR 2 HandymaxHandysize $50 Capesize Supramax Chemical MR Handysize Capesize Supramax Chemical VLCC Handymax HandysizeSupramax Small Clean Supramax Supramax KamsarmaxPanamax Panamax $0 Small Clean Aframax Aframax Small Clean $0 Panamax P Panamax Capesize Capesize 18 Dec 23 Dec 08 Jan 15 Jan 22 Jan 29 Jan 05 Feb 12 Feb 18 Dec 23 Dec 8 Jan 15 Jan 22 Jan 29 Jan 05 Feb 12 Feb

Indices CHARTERING Baltic Dry 11/02/2016 04/02/2016 Up Down 5 Year High Date 5 Year Low Date Index 290 298 8 2,173 14/10/11 290 11/02/16 Capesize $ 1,484 1,558 74 42,211 25/09/13 1,484 11/02/16 Panamax $ 2,503 2,314 189 17,115 11/03/11 2,314 04/02/16 Supramax $ 2,554 2,837 283 16,854 24/03/11 2,554 11/02/16 Handysize $ 2,704 2,909 205 11,996 26/04/11 2,704 11/02/16

Baltic Wet 11/02/2016 04/02/2016 Up Down 5 Year High Date 5 Year Low Date Dirty Index 813 800 13 1,243 23/01/14 577 28/06/13 Clean Index 541 609 68 908 23/12/11 461 05/11/15

VesselsValue.com Indices 11/02/2016 04/02/2016 Up Down Bulker $/dwt 103.46 114.26 10.8 Container $/teu 5259.06 5302.67 43.6 Tanker $/dwt 315.82 322.95 7.1 LPG $/cbm 943.97 950.00 6.0

Currencies & Commodities

USD GBP EUR JPY KOR RMB 12/02/2016 1.45 1.13 112.58 1206.24 6.56 5 YR HIGH 1.70 - 20/06/14 1.48 - 30/04/11 124.76 - 07/08/15 1216.07 - 15/01/16 6.60 - 11/03/11 5 YR LOW 1.42 - 22/01/16 1.06 - 27/11/15 75.72 - 28/10/11 1008.55 - 03/07/11 6.05 - 24/01/14

12/02/2016 05/02/2016 Up Down 5 Year High Date 5 Year Low Date Light Crude 27.12 31.49 4.37 108.8 30/08/2013 27.12 12/02/2016 Gold 1,240.00 1,156.30 83.7 1,822 19/08/2011 1,054.40 18/12/2015 Corn 360.5 368.75 8.25 823.75 10/08/2012 353 17/10/2014 Demo $/t (tanker) 260 270 10 555 10/08/2011 260 12/02/2016 Demo $/t (bulker) 245 250 5 535 03/08/2011 245 12/02/2016 FTSE 100 5,640.02 5,928.82 288.8 7,091 24/04/2015 5,041 15/08/2011 Dow Jones 15,660.18 16,416.58 756.4 18,285 22/05/2015 10,655 03/10/2011 Nikkei 225 14,952.61 16,819.59 1866.98 20,724.56 07/08/2015 8,160 21/11/2011 SSEC, China 2,763.49 2,763.49 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]