Friday 29 April 2016 S&P Summary

Sales by Buyers Location Sales by Type

South Korea, 1.9

Denmark, 6.5 Bangladesh, 12.0 Unknown, 24.8

Tanker, 41.75 Europe, 14 Bulker, 70.50 Japan, 29.75

Greece, 23.3

Sales DRY Name Type DWT Yard Built USD mill Comments VesselsValue.com Buyer Seller Eternal Power Post Panamax 97,000 Oshima 2004 6.2 5.6 Unknown Doun Kisen Safe Voyager Kamsarmax 82,500 Tadotsu Tsuneishi 2007 9.2 8.8 Pavimar Kambara Kisen Ocean Angel Supramax 58,700 Tsuneishi Cebu 2008 8.1 7.7 Greek United Ocean Group Oriental Phoenix Supramax 57,000 Yangzhou Guoyu 2012 7 9.1 European Guoyu Shipping Oriental Explorer Supramax 57,000 Yangzhou Guoyu 2012 7 9.1 European Guoyu Shipping Jin An Supramax 50,800 Oshima 2000 3 3.2 Unknown Jinhui Shipping & Transportation Steel Vision Handymax 48,900 IHI 2001 3.5 3.4 Unknown Dianik Bross BK Duke Handymax 46,000 Oshima 1995 1.9 2.0 Korean Boo Kwang Shipping Star Michele Handymax 45,600 Tadotsu Tsuneishi 1998 2.3 2.3 Unknown Star Bulk Carriers Hanze Groningen Handysize 34,700 Daoda Marine 2011 6.5 Auction 6.8 Falcon Maritime AS Hanzevast Capital Boronia K Handysize 33,700 Shin Kurushima 2011 7.8 SS due 8.6 Unknown Orient Marine Tritonia Handysize 32,300 Kanda 2007 6 6.1 Greek Escobal Voge Lena Handysize 23,600 Kanasashi 1998 2 2.3 Unknown Vogemann H KG

WET Name Type DWT Yard Built USD mill Comments VesselsValue.com Buyer Seller Isis Aframax 116,100 Universal 2007 29.75 3 yrs BBB 28.5 Japanese Global United Shipping Singapore Dong A Rigel Small Chemical 8,800 Murakami Hide 2003 12 9.7 SR Shipping Dong A Tanker

CONTAINER Name Type TEU Yard Built USD mill Comments VesselsValue.com Buyer Seller Stadt Aachen Panamax 3,398 Hanjin HI 2007 7.1 9.7 Chinese Ahrenkiel Steamship 29/04/2016

Newbuildings

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

Period

DRY Name Type DWT Yard Built Rate $/day Comments Charterer Period Pacific Canopus Capesize 180,300 Dalian Shipbuilding 2012 8,400 Classic Maritime 6 Months Navios Ray Capesize 179,500 Hanjin Subic 2012 8,500 Noble Group 6 Months Ekaterini Capesize 173,600 Bohai 2012 7,500 Cargill International SA 1 Year Star Aurora Capesize 171,200 Koyo Dock 2000 8,000 DHL 1 Year Aquabreeze Capesize 171,000 Sasebo 2003 7,500 Classic Maritime 6 Months George P Kamsarmax 82,000 Longxue 2012 6,000 Jaldhi 6 Months Wise Young Kamsarmax 82,000 Daewoo 2011 5,850 Ultrabulk 1 Year Aby Diva Panamax 76,600 Imabari 2007 5,850 Phaeton Shipping SA 6 Months ADS Kristiansand Panamax 76,600 Imabari 2008 5,650 Vattenfall 9 Months King Coal Panamax 75,600 Oshima 2010 6,000 Nordic Bulk Carriers 6 Months Shandong Hai Wang Panamax 75,500 Jiangsu Rongsheng 2014 5,500 Unknown 6 Months Clio Panamax 73,700 Shanghai Jiangnan 2005 5,350 Transgrain 1 Year Nathan Brandon Supramax 56,500 Huatai Heavy Ind 2013 5,750 Caravel Shipping 6 Months

WET Name Type DWT Yard Built Rate $/day Comments Charterer Period Stena Primorsk LR1 65,100 Brodosplit 2006 20,000 Ruhai Shipping 1 Year

CONTAINER Name Type TEU Yard Built Rate $/day Comments Charterer Period Miramarin Post Panamax 6,572 Hanjin HI 2010 6,000 MSC 1 Opt 1 Seaspan Expeditor Panamax 4,646 Mitsubishi HI 2003 4,975 CMA CGM 6 Months Northern Precision Panamax 4,586 Daewoo 2009 5,150 Sinotrans Shipping 8 Months HS Berlioz Panamax 3,586 STX 2007 6,000 CMA CGM 6 Months Ludwig Schulte Handysize 1,740 CSSC OME 2008 7,750 Hapag Lloyd 6 Months Seaboxer 3 Handysize 1,688 CSSC OME 2010 6,850 Hanjin Shipping 6 Months Asiatic Glory Feedermax 1,155 Sedef 2006 8,400 Admiral Shipping 6 Months Hercules J Feedermax 1,036 Jiangdong 2009 7,900 X-Press Feeders 6 Months Astrosprinter Feedermax 809 Sainty Marine Corporation 2007 6,900 WEC Lines 6 Months Astrorunner Feedermax 809 Sainty Marine Corporation 2007 6,900 WEC Lines 6 Months 29/04/2016 #N/A #N/A #N/A #N/A #N/A #N/A #N/A

S & P Trends

Supramax Dry Sales by Type Wet Sales by Type $200 Small Tanker Handysize Handysize Small Clean Handysize Supramax Supramax Handymax Handysize $50 Handymax Supramax $150 Supramax Handymax Small Clean Small Clean Ultramax Kamsarmax Supramax Panamax MR $100 Handysize MR MR Kamsarmax Supramax Capesize P Panamax MR Handymax Small Tanker Panamax Supramax $50 LR 1 Kamsarmax MR Aframax Small Clean Capesize Kamsarmax MR Panamax Aframax Small Tanker Aframax Aframax Capesize Aframax Aframax LR 2 Combo P Panamax P Panamax $0 $0 27 Feb 04 Mar 11 Mar 18 Mar 25 Mar 01 Apr 08 Apr 29 Apr 26 Feb 04 Mar 11 Mar 18 Mar 25 Mar 01 Apr 08 Apr 29 Apr

Indices

CHARTERING Baltic Dry 28/04/2016 21/04/2016 Up Down 5 Year High Date 5 Year Low Date Index 710 670 40 2,173 14/10/11 290 11/02/16 Capesize $ 8,314 3,124 5,190 42,211 25/09/13 485 17/03/16 Panamax $ 5,464 5,921 457 16,820 18/10/11 2,314 04/02/16 Supramax $ 6,041 5,765 276 16,851 20/10/11 2,554 11/02/16 Handysize $ 5,176 4,973 203 11,983 18/10/11 2,704 11/02/16

Baltic Wet 28/04/2016 21/04/2016 Up Down 5 Year High Date 5 Year Low Date Dirty Index 740 770 30 1,243 23/01/14 577 28/06/13 Clean Index 552 550 2 908 23/12/11 461 05/11/15

VesselsValue.com Indices 28/04/2016 21/04/2016 Up Down Bulker $/dwt 112.81 112.31 0.5 Container $/teu 5040.52 5143.48 103.0 Tanker $/dwt 297.31 299.58 2.3 LPG $/cbm 859.69 869.98 10.3

Currencies & Commodities

USD GBP EUR JPY KOR RMB 29/04/2016 1.46 1.13 107.03 1140.99 6.48 5 YR HIGH 1.70 - 20/06/14 1.48 - 30/04/11 124.76 - 07/08/15 1233.68 - 26/02/16 6.60 - 31/01/16 5 YR LOW 1.41 - 04/02/16 1.06 - 27/11/15 75.72 - 28/10/11 1008.55 - 03/07/11 6.05 - 24/01/14

29/04/2016 22/04/2016 Up Down 5 Year High Date 5 Year Low Date Light Crude 46.31 43.34 2.97 108.8 30/08/2013 27.12 12/02/2016 Gold 1,278.50 1,248.00 30.5 1,822 19/08/2011 1,054.40 18/12/2015 Corn 390 385 5 823.75 10/08/2012 350 01/04/2016 Demo $/t (tanker) 325 315 10 555 10/08/2011 245 26/02/2016 Demo $/t (bulker) 315 305 10 535 03/08/2011 230 26/02/2016 FTSE 100 6,280.74 6,321.14 40.4 7,091 24/04/2015 5,041 15/08/2011 Dow Jones 17,830.76 17,982.52 151.76 18,285 22/05/2015 10,655 03/10/2011 Nikkei 225 16,666.05 17,572.49 906.44 20,724.56 07/08/2015 8,160 21/11/2011 SSEC, China 2,938.32 2,959.24 20.92 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]