Friday 26 March 2021

S&P SUMMARY

Weekly Spend By Country Weekly Spend By Ship Type 160.0 240.00

120.0 180.00

80.0

120.00 40.0

60.00 0.0

0.00 Bulker Tanker Container Gas Other SALES

BULKER Name Type DWT Yard Built USD mill Comments VV Buyer Seller At Auction. SS/DD Tiger Liaoning Capesize 180,100 Qingdao Beihai 2011 21.02 23.4 Undisclosed Greathorse International Ship Management due Cape Providence Capesize 169,200 Daehan 2010 20.0 SS/DD overdue 22.1 Minerva Marine Interunity Management Bottiglieri Giorgio Avino Post Panamax 93,400 Jiangsu New YZJ 2011 13.5 16.4 Undisclosed Giuseppe Bottiglieri Shipping Company SPA Yangze 11 Kamsarmax 82,000 Jiangsu New YZJ 2018 27.0 BWTS fitted. 25.9 Globus Maritime Yangzijiang Shipping Yangze 16 Kamsarmax 81,800 Jiangsu New YZJ 2019 26.5 BWTS fitted. 27.6 Thenamaris Yangzijiang Shipping New Emperor Panamax 76,600 Imabari 2006 11.75 SS/DD due 12.9 Undisclosed Fujian Guohang Ocean Shipping Hull 130130 Ultramax 63,300 Taizhou Sanfu 2021 25.2 Resale 22.6 European Builder / Yard Hull 98 Ultramax 61,000 Dalian COSCO KHI 2021 27.5 Resale 26.9 Undisclosed Dowa Line Yvonne Supramax 56,600 IHI 2008 12.1 12.0 Undisclosed Byzantine Maritime Georgiana Supramax 53,400 Chengxi Shipyard 2008 9.5 9.2 Undisclosed Sincere Navigation Corp Ida Selmer Handysize 32,600 Jiangsu Zhenjiang 2011 8.1 8.1 Greek Oskar Wehr KG Sider Mykonos Handysize 30,100 Tsuji 2013 11.7 10.3 Undisclosed Nova Marine Carriers Sider Madrid Handysize 30,100 Tsuji 2013 11.2 10.3 Undisclosed Nova Marine Carriers VV Accuracy* -1.9%

TANKER Name Type DWT Yard Built USD mill Comments VV Buyer Seller Gene VLCC 318,700 Hyundai Samho 2003 25.5 Prompt delivery 27.0 Chinese SBM Offshore Maran Cygnus VLCC 306,300 Daewoo 2001 23.7 Prompt delivery 22.6 Chinese Maran Tankers Salamina LR2 109,900 SWS 2018 41.0 37.8 Zodiac Maritime Bank of Communications Financial Leasing Argironissos LR2 109,900 SWS 2018 41.0 38.4 Zodiac Maritime Bank of Communications Financial Leasing Falcon Express LR2 105,000 Sasebo 2008 17.0 14.9 Velos Tankers MOL Chang Jiang MR2 50,200 SLS 2008 11.0 DD Due 11.2 Spring Marine Management Xihe Group Dong Jiang MR2 50,100 SLS 2009 11.0 12.0 Spring Marine Management Xihe Group Nord Inspiration MR2 48,000 Imabari 2010 15.75 13.8 Transocean Maritime Agencies Fuyo Kaiun Aulac Jupiter Small Clean 13,700 Taizhou Maple Leaf 2008 4.1 DD Due 4.4 Undisclosed Aulac JSC VV Accuracy* -6.0%

CONTAINER Name Type TEU Yard Built USD mill Comments VV Buyer Seller Mediterranean Bridge Post Panamax 8,586 Hyundai Samho 2011 55.0 57.0 Seaspan Corporation Bank of Communications Financial Leasing St Island Sub Panamax 2,553 Naikai Setoda 2010 20.5 SS Passed 20.3 South Korean Santoku Senpaku Nordmargherita Handysize 1,730 Zhejiang Ouhua 2018 22.0 DD Passed 21.8 Far Eastern Reederei Nord Klaus E Oldendorff Lantau Beach Feedermax 1,049 Dae Sun 2007 8.59 DD Passed 8.9 Undisclosed Undisclosed A Roku Handysize 1,708 Imabari 2008 13.9 13.6 RCL Sinokor Hansa Falkenburg Handysize 1,740 Guangzhou Wenchong 2008 11.75 11.7 TS Lines Leonhardt & Blumberg Shipmanagement VV Accuracy* +0.4%

* The valuation accuracy is defined as the average percentage difference between VV value and reported Sale Price. Positive values indicate a greater valuation than sale price. Each sale price is compared with the valuation which was produced by VesselsValue’s algorithms on the day of the report. Sales which took place in circumstances which would have made the sale price unreflective of the fair market value at the time have been excluded from this accuracy. Where no suitable sales are shown accuracy will show as "--".

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NEWBUILDINGS

TANKER Units Type DWT Yard Built USD mill Comments VV Buyer 1 MR2 50,000 STX Offshore 2022 34.0 35.0 Valles Steamship 1 MR2 50,000 STX Offshore 2022 34.0 35.0 Island Navigation VV Accuracy* +2.9%

PERIOD

BULKER Name Type DWT Yard Built Rate $/day Comments Charterer Period Royal Forward Post Panamax 88,200 Imabari 2004 22,000 Pan Ocean 6 Months Tai Kinship Post Panamax 84,700 Sasebo 2021 22,000 Undisclosed 1 Year Magica G Kamsarmax 82,700 STX Offshore 2012 16,500 Norden 1 Year KM Fukuyama Kamsarmax 82,200 Tadotsu Tsuneishi 2013 23,000 Pan Ocean 9 Months Medi Nagoya Kamsarmax 81,800 Tsuneishi Cebu 2018 26,000 Cobelfret 6 Months Pedhoulas Farmer Kamsarmax 81,500 Zhejiang Ouhua 2012 23,000 Undisclosed 1 Year Thalassic Kamsarmax 81,400 Universal 2009 21,000 Undisclosed 9 Months AD Astra Kamsarmax 81,200 Jinling Jiangsu 2015 26,000 Norden 9 Months W Raptor Panamax 76,500 Jiangnan Changxing 2007 19,500 Tongli Shipping 1 Year SITC Zhoushan Panamax 76,000 Yangfan Zhoushan 2013 17,000 Undisclosed 9 Months Palma Bulker Panamax 75,800 Tadotsu Tsuneishi 2009 21,000 TransPower Marine 6 Months 6111 (Hull) Shin Kurushima Onishi Ultramax 63,800 Shin Kurushima Onishi 2021 14,000 Undisclosed 3 Years Olympia.GR Ultramax 61,200 Shin Kurushima 2018 27,000 Undisclosed 6 Months Prabhu Mihikaa Supramax 55,600 Oshima 2005 15,500 Norvic Shipping 1 Year Vicjour Ace Supramax 50,200 Mitsui Ichihara 2001 18,000 Undisclosed 9 Months

TANKER Name Type DWT Yard Built Rate $/day Comments Charterer Period DHT Bauhinia VLCC 301,000 Daewoo 2007 18,000 Inc options Trafigura Beheer BV 6 Months Halcyon VLCC 299,900 Hyundai Samho 2020 33,500 Inc options Clearlake 1 Year FPMC C Noble VLCC 297,300 Universal 2012 19,500 Inc options Zhenhua Oil 1 Year Chrysalis Aframax 115,900 Samsung 2010 31,000 ZIM 27 Months Alhani Aframax 114,900 Samsung 2007 17,750 Trafigura Beheer BV 1 Year Stirling Aframax 113,000 COSCO Zhoushan 2021 21,500 Inc options Trafigura Beheer BV 2 Years Mesta Aframax 113,000 COSCO Zhoushan 2021 21,500 Inc options Trafigura Beheer BV 2 Years Amarthea Aframax 112,900 COSCO Dalian 2018 17,500 Core Petroleum 6 Months Green Admire #N/A 112,500 COSCO HI Yangzhou 2022 23,000 Inc options Trafigura Beheer BV 2 Years Green Adventure #N/A 112,500 COSCO HI Yangzhou 2022 23,000 Inc options Trafigura Beheer BV 2 Years Seaguardian Aframax 111,700 Sumitomo 2021 19,000 Trafigura Beheer BV 1 Year Rumford Aframax 107,500 Tsuneishi Zosen 2012 13,000 ST Shipping 6 Months Maersk Tangier MR2 49,800 Sungdong 2016 15,700 Vitol 1 Year Celsius Roskilde MR2 46,100 Hyundai Mipo 2009 11,750 Ultratank 6 Months

CONTAINER Name Type TEU Yard Built Rate $/day Comments Charterer Period Northern Javelin Post Panamax 8,814 Daewoo 2009 44,800 MSC 4 Years Northern Jamboree Post Panamax 8,814 Daewoo 2010 45,000 MSC 4 Years Carl Schulte Post Panamax 5,400 Hanjin Subic 2014 31,750 Maersk Line Ltd 3 Years Bea Schulte Panamax 4,600 Daewoo 2010 27,250 Hapag Lloyd 30 Months Ikaria Post Panamax 4,492 Koyo Dock 2002 35,750 Hapag Lloyd 3 Years Northern Guild Panamax 4,294 Hyundai Mipo 2009 26,000 CMA CGM 3 Years Hope Island Panamax 3,534 Shanghai Shipyard 2006 23,500 Wan Hai Lines 2 Years Navios Verano Panamax 3,450 Hyundai Mipo 2006 23,000 Matson Navigation 2 Years Satie Sub Panamax 2,824 Hyundai Mipo 2006 20,250 CMA CGM 33 Months Abidjan Express Sub Panamax 2,824 Hyundai Mipo 2006 21,000 Hapag Lloyd 6 Months Songa Antofagasta Sub Panamax 2,797 Yangfan Zhoushan 2008 22,000 ZIM 2 Years Jan Ritscher Sub Panamax 2,468 Kvaerner Warnowwerft 1999 20,450 Feedertech 1 Year Hansa Bitburg Handysize 1,740 Guangzhou Wenchong 2008 16,750 CMA CGM 1 Year Hansa Steinburg Handysize 1,740 Guangzhou Wenchong 2010 16,300 Pan Asia Lines 1 Year Olympia Handysize 1,717 Guangzhou Wenchong 2017 19,750 CMA CGM 18 Months G Box Handysize 1,705 Guangzhou Wenchong 2018 20,500 Undisclosed 18 Months Caribbean Express Handysize 1,688 Wadan Yards MTW 2007 15,500 X Press Feeders 1 Year Meratus Medan 5 Handysize 1,560 Imabari 1999 15,000 Sealand 1 Year Arsos Handysize 1,296 Zhejiang Ouhua 2007 13,800 Seaboard Marine 2 Years Sentosa Trader Feedermax 1,078 Jurong 2002 13,000 CULines 6 Months Vento Di Grecale Feedermax 889 Stocznia Szczecin 2000 9,900 Tarros 1 Year Falmouth Feedermax 862 Sietas 2002 11,300 Container Freight Services 18 Months

Other Name Type DWT Yard Built Rate $/mth Comments Charterer Period NPP Nusantara Dive Support 80 PaxOcean Singapore 2010 24,000 OOCL 18 Months

2 B

CURRENCIES & COMMODITIES

USD GBP £/$ EUR €/$ JPY $/¥ KRW $/₩ RMB $/¥ 26/03/2021 1.38 1.18 109.73 1131.69 6.54 5 YR HIGH 1.48 - 24/06/16 1.25 - 02/02/18 118.26 - 16/12/16 1290.99 - 19/03/20 7.18 - 03/09/19 5 YR LOW 1.15 - 20/03/20 1.04 - 21/12/16 99.94 - 21/08/16 1054.05 - 04/04/18 6.27 - 12/04/18

26/03/2021 19/03/2021 Up Down 5 Year High Date 5 Year Low Date Light Crude $/barrel 59.65 60.77 1.12 76.41 03/10/2018 11.26 21/04/2020 Gold $/troy ounce 1,728.00 1,735.70 7.7 2,071.70 07/08/2020 1,129.80 15/12/2016 Corn ¢/bushel 547.75 548.5 0.75 552 01/02/2021 306 28/04/2020 Demo * $/t (tanker) 480 475 5 485 12/03/2021 255 20/07/2016 Demo * $/t (bulker) 465 460 5 470 12/03/2021 245 20/07/2016 FTSE 100 6,674.83 6,779.68 104.85 7,774 18/05/2018 4,994 23/03/2020 Dow Jones 32,619.48 32,862.30 242.82 33,015 11/03/2021 17,140 27/06/2016 Nikkei 225 29,176.70 29,792.05 615.35 30,468 17/03/2021 14,952 24/06/2016 SSEC, China 3,418.33 3,404.66 13.67 3,696 19/02/2021 2,494 23/12/2018

INDICES

CHARTERING Baltic Dry 26/03/2021 19/03/2021 Up Down 5 Year High Date 5 Year Low Date Index 2,172 2,215 43 2,499 05/09/19 393 14/05/20 Capesize $ 18,490 18,873 383 38,014 05/09/19 1,068 01/04/16 Panamax $ 24,167 24,064 103 24,167 18/03/21 3,437 06/02/20 Supramax $ 22,227 23,258 1,031 23,258 11/03/21 4,208 23/04/20 Handysize $ 21,217 22,460 1,243 22,460 11/03/21 2,169 14/05/20

Baltic Wet 25/03/2021 19/03/2021 Up Down 5 Year High Date 5 Year Low Date Dirty Index 748 758 10 1,561 10/10/19 405 05/11/20 Clean Index 674 568 106 2,028 23/04/20 310 05/11/20

VesselsValue Indices 25/03/2021 19/03/2021 Up Down Bulker $/dwt 227.19 220.26 6.9 Container $/teu 8957.00 8635.00 322.0 Tanker $/dwt 275.44 274.76 0.7 LPG $/cbm 674.29 654.33 20.0

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Matthew Freeman Hongbeom Park Direct +44 (0) 203 327 9752 Direct +82 (0)10 4126 6442

This report is written in good faith but VesselsValue Ltd and Seasure Shipbroking Ltd and its directors and employees do not accept responsibility for any errors or omissions arising from this report and cannot be held responsible for any action, or losses incurred, as a result of this report. If the addressee intends to act on this report they should satisfy themselves as to the correctness of the information given. All information contained in this report relates solely to our opinions and interpretations but no assurance can be given as to their accuracy and reliability.

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