shipping market report 17082011

8/6/2019 Shipping Market Report 17082011

1/18

WEEKLY SHIPPING

MARKET REPORTWEEK 32

- 8th July to 12TH August 2011 -

Legal Disclamer

The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate,complete and up to date, Shiptrade Services S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon relianceon the information, opinions and analysis contained in this report.

Researched and compiled by: Shiptrade Services SA, Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker CharteringDepartments. For any questions please contact:[email protected]

Shiptrade Services SA Tel +30 210 4181814 [email protected] Floor, 110/112 Notara Street Fax +30 210 4181142 [email protected]

185 35 Piraeus, Greece www.shiptrade.gr [email protected]
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2/18

1

Mittal opens court battle over Sishen

The idea that there could be two or more mining licences for

the same minerals and on the same land was "absurd",

counsel for ArcelorMittal told the North Gauteng High Courtyesterday.

The battle for one of the richest deposits of iron ore in the

world, the Sishen mine in the Northern Cape, began

yesterday.

Kumba Iron Ores subsidiary, the Sishen Iron Ore Company,

had in 2008 successfully converted what it believed was its

78,6% interest in the Sishen mine into a new-order mining

right. It then applied for mining rights over the other 21,4%,

which had been held by ArcelorMittal, saying ArcelorMittals

right had lapsed because it had not tried to convert it.

But instead, a prospecting right was granted to Imperial

Crown Trading (ICT), a company registered in 2008.

ArcelorMittals Michael Kuper SC yesterday sought to

persuade Judge Raymond Zondo that when Sishen converted

its right under the Mineral and Petroleum Resources

Development Act, it was granted a "100%, exclusive" right,

and not a "fractionalised" one.

If Mr Kuper succeeds in his argument, it would strengthen

ArcelorMittals hand in its other dispute with Sishen over a

contract to supply iron ore to ArcelorMittal at a discounted

price of cost plus 3%.

It would also mean that the 21,4% would no longer be "up for

grabs" and the fight between Sishen, the state and ICT over

whether Imperial had "fraudulently" obtained a prospecting

right, as argued by Sishen, would fall away.

Mr Kuper dealt with the legal "nature" of the mining rights

granted under the act and whether it permitted the holding ofa less than 100% mining right.

He distinguished between an "interest in a right" and the right

itself. He said while a right could be jointly owned by two or

more people (with a percentage split in the interest in the

right), the right itself could not be split or fractionalised so

that there were two rights over the same piece of land and in

respect of the same minerals.

He said one of the elements of mining rights was the right to

"enter the land". Mr Kuper said it was "incompetent in law

and absurd in fact to suggest that there could be a 78,6% right

to enter the land".

Counsel for Sishen, Chris Loxton SC, said it "cannot possibly be

right" to say it would be absurd to have two undivided rights

to mine under the act.

He warned of the "danger of labels", saying the court needed

to ask exactly what was meant by a "single undivided right".

The "conundrum" faced by ArcelorMittal was that there was

"clearly not a single right registered in the name of Sishen"

as prior to the act, there had been two authorisations to mineat the Sishen mine one in the hands of Sishen and the

other in the hands of ArcelorMittal, he said.

Mr Loxton said the case was "not academic" and that "billions

of rand" were at stake. He will continue his argument today.

(Business Day)

VLCC volumes still high

Higher volumes of VLCC deals have been concluded in the last

couple of months.

Despite rates being ruinous, there is no shortage of activity

and large numbers of ships are being fixed.

The market saw moderate numbers of fixtures from the

Middle East in April and May; somewhere over 110 per month.

But the figures went up to about 125 a month in June and July

and are heading in a similar direction in August.

"Already this month, about 100 deals have been negotiated."

said Gibsons. "And with more than 30 ships still available to

load this month, the imbalance remains."

But London brokers are saying that rates continue to bump

along the bottom. At least bunker prices have eased back, one

broker said.

The steady trickle of new ships being delivered from the yards

is keeping an air-tight lid on rates."It's difficult to see when VLCCs will once again be profitable."

said Braemar Seascope in its latest report.

But owners are doing their best to improve earnings. At

Worldscale 46, timecharter equivalents are showing a

negative return.

At the close of business yesterday the Baltic Exchange's VLCC -

TCE is showing a loss of $4,387 per day.

The Baltic Exchange model presumes that laden and ballast

legs are performed at normal operating speeds.

Owners are saving bunkers by slow-steaming on the ballast

passage. At $650 per tonne for fuel, this has the effect of

pushing earnings up into the black.

"But fundamentally, there needs to be an extraordinary

occurrence for anything to change," one broker said. "And

this is unlikely to occur." (Tradewinds)

Shipping , Commodities & Financial News
http://hellenicshippingnews.com/index.php?option=com_content&view=article&id=41488:mittal-opens-court-battle-over-sishen&catid=44:latest-news&Itemid=64http://hellenicshippingnews.com/index.php?option=com_content&view=article&id=41488:mittal-opens-court-battle-over-sishen&catid=44:latest-news&Itemid=64


3/18

2

In Brief:Market continued its upward movement with capes and panamaxes being the driving force. All in all,BDI gained 23 points, BCI gained 58 points, BPI gained 44 points, BSI gained 5 points, and BHSI lost 15 points.

Capes: A positive week across both basins.In the Atlantic we could see a constant flow of cargoes going to F. East, and levels closing at USD 19.50 19.75

pmt basis Tubarao/Qingdao. Transatlantic trade was not so strong as there were not many inquiries available.

Owners tried to maintain levels above USD 10.000pd, but eventually rates concluded around USD 9.500 10.000

per day basis delivery Continent.

In the Pacific region, there was reduced activity from the iron ore majors as they covered only 5-6 vessels

compairing to 15 last week. Evenso, rates improved from USD 7.85pmt to USD 8.25pmt basis W.Australia/China.

There were also a few alternatives from Richards bay back to Continent/med.

Panamax: There was not much of activity but rates moved upwards.

In the Atlantic rates remained at same levels for Transatlantic round at USD 14.000 per day. On the Fronthaul

trade, there were not many cargoes but rates concluded at USD 21-22.000 per day for trips ex Continent/Med,

while the ECSA/F.EAST trade, concluded at levels around USD 22.000 plus USD 400.000 ballast bonus.In the Pacific there was not much activity also. Rates for Pacific round were done around USD 8.000-900 per day

basis N. China delivery, while rates for trips ex NOPAC concluded around USD 8.000 per day basis delivery

N.China/Japan range. (M/V Piro 73726 / 97)

Supramax: Rates felt in the atlantic, but Pacific was slightly better.In the Atlantic region, the Continent market had few scrap parcels to East Med., at levels around USD high teens.

USG market remains strong with rates for East Med., direction at USD low/mid twenties, while for F.East

direction at USD high twenties. On the ECSA, rates for trips back to Continent/Mediterranean were at USD 14-

15.000 + 300.000ballast bonus, while for trips to the Far East levels remained at USD high teens + 400.000ballast

bonus.

In the pacific, Indonesia remained the driving force with coal and nickel ore to China. Rates for Pacific round

closed at USD 10.000per day, while trips ex Nopac were performed around USD 10.000 per day basis N.Chinadelivery (M/V Medi Bangkok 53466 / 06).

Handysize: Market remained relatively flat.

In the Atlantic basin we see the usual cargoes ex Mediterranean to ECSA, but also there was an increased activity

from grains ex Black Sea. Many of the cargoes are destined for N.Africa, while there were also many going

towards East, for those who could consider the G.O.A transit. On the ECSA market grain are still available but

sugar parcels are not many.

In the Pacific basin, Indonesia remains the driving force with stems of coal to China and India. Ex N.China, there is

a steady flow of clinker to destination Bangladesh, and a few steel parcels to S.E.Asia.

Dry Bulk - Chartering


4/18

3

Baltic Indices Dry Market (*Fridays closing values)

Index Week 32 Week 31 Change (%)BDI 1287 1264 +1.82

BCI 1851 1793 +3.23

BPI 1520 1476 +2.98

BSI 1255 1250 +0.40

BHSI 642 657 -2.28

T/C Rates (1 yr - $/day)

Type Size Week 32 Week 31 Change (%)

Capesize 160 / 175,000 12000 11000 +9.09

Panamax 72 / 76,000 12000 11750 +2.13

Supramax 52 / 57,000 12500 12000 +4.17

Handysize 30 / 35,000 11000 11300 -2.65

Average Spot Rates

Type Size Route Week 32 Week 31 Change %

Capesize 160 / 175,000

Far East ATL 150 100 +50.00

Cont/Med Far East 24000 22800 +5.26

Pacific RV 9000 8600 +4.65

TransAtlantic RV 10300 9800 +5.10

Panamax 72 / 76,000

Far East ATL 4000 9000 -55.56

ATL / Far East 21300 21250 +0.24

Pacific RV 9200 8200 +12.20


Supramax 52 / 57,000

Far East ATL 7400 7200 +2.78

ATL / Far East 19700 19400 +1.55

Pacific RV 10400 10100 +2.97


Handysize 30 / 35,000

Far East ATL 5500 6600 -16.67

ATL / Far East 15000 15300 -1.96

Pacific RV 8000 9000 -11.11

TransAtlantic RV 9000 9500 -5.26



5/18

4

ANNUAL

MAY 2011 AUGUST 2011



6/18

5


Capesize Routes Atlantic 2010 / 11

$0,00

$10.000,00

$20.000,00

$30.000,00

$40.000,00

$50.000,00

$60.000,00

1 4 7 10 1 3 16 1 9 22 2 5 28 3 1 34 3 7 40 4 3 46 4 9 52

C2 TUB

/ ROT

C4

RBAY /

ROTC7 BOL

/ ROT

C8 T/A

RV

AVG

ALL TC

Capesize Routes Pacific 2010 / 11

$0,00

$10.000,00

$20.000,00

$30.000,00

$40.000,00

$50.000,00

$60.000,00

$70.000,00

$80.000,00

1 4 7 10 13 1 6 19 22 2 5 28 3 1 34 37 4 0 43 4 6 49 52

C3 TUB /

PRC

C5 W

AUST /

PRC

C9 CONT /

FE

C10 FE R/V

Panamax Routes Atlantic 2010 / 11

$0,00

$5.000,00

$10.000,00

$15.000,00

$20.000,00

$25.000,00

$30.000,00

$35.000,00

$40.000,00

1 4 7 10 1 3 16 19 2 2 25 2 8 31 34 3 7 40 43 4 6 49 52

P1A T/A RV

P2A CONT/FE


7/18

6


Panamax Routes Pacific 2010 /11

$0,00

$5.000,00

$10.000,00

$15.000,00

$20.000,00

$25.000,00

$30.000,00

1 4 7 10 1 3 16 1 9 22 2 5 28 3 1 34 37 4 0 43 4 6 49 5 2

P3A FE R/V

P4 FE/CON

AVG ALL TC

Supramax Routes Atlantic 2010 /11

$0,00

$5.000,00

$10.000,00

$15.000,00

$20.000,00

$25.000,00

$30.000,00

$35.000,00

$40.000,00

1 4 710 13 16 19 22 25 28 31 34 37 40 43 46 49 52

S1A CON / FE

S1B BSEA / FE

S4A USG /CONT

S4B CONT /

USG

S5 WAFR / FE

Supramax Routes Pacific 2010 / 11

$0,00

$5.000,00

$10.000,00

$15.000,00

$20.000,00

$25.000,00

$30.000,00

$35.000,00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

S2 FE R/V

S3 FE / CON

S6 FE / INDI

S7 ECI / CHI

AVG ALL TC


8/18

7

In Brief: Markets remained restless during last week as uncertainty still lingers over the European debt. The European Securities

and Markets Authority (ESMA) allowed the short-selling ban in France, Italy, Belgium and Spain in an attempt to relief European

bank shares and everybody is now waiting for the coming meeting of Chancellor Angela Merkel and President Nicolas Sarkozy

amid rising pressure for closer fiscal partnership. Furthermore, last week saw oil prices falling as U.S. consumer confidence

plunged to the lowest level since May 1980, E.U. announced manufacturing in the euro-zone declined in June and InSee, the Paris-

based statistics office, announced that growth in France has been stalled.

VLCC: In the Middle East Gulf rates ticked down partly due to falling bunker costs, since bunker prices in Fujairah didnt drop as

much as in other ports in the rest of the world, and a deteriorating supply/demand ratio. So far, fewer cargoes have been offered

compared to the same period in June and July and VLCC owners will have to pose significant resistance to charterers pressure

over the coming period as market fundamentals are in favor of charterers. No notable changes were reported in West Africa

where apart from weak demand, VLCCs also have to deal with an unfavorable freight differential.

Suezmax: Even though supply and demand remained relatively unchanged in West Africa, charterers took advantage of softening

bunker prices and, consequently, some downward pressure was put on rates. For yet another week, rates in the Black Sea for

Mediterranean options slipped on the back of weak demand and unless some fresh inquiries will appear, losses are expected to

continue.

Aframax: Demand was strong at the beginning of the week for Aframaxes across the Mediterranean but activity dropped towards

the end of it and we may see a slight correction in the next days due to lower bunker prices. Demand in the North Sea remained at

low levels while the number of available units continued to grow. As a result, rates cross U.K. Continent dropped below 100

worldscale points and the outlook doesnt look any better. Not much activity was reported in the Middle East Gulf for Eastern

destinations and rates were kept on hold. Activity dropped in the Caribbean and in addition with the abundance of available units,

resulted in a drop in rates.

Products: In the Middle East, demand picked up for LR1s for Japan options as owners took advantage the lack of available MRs,

whilst rates for LR2s remained stable due to a balancing in supply and demand. Strong activity was witnessed at the beginning of

the week for MRs in the Caribbean leading to an improvement in rates, while Panamaxes in the area held their ground as many

units ballasted towards Europe in search of better earnings. The TC2 benchmark route dipped again in continued sign of weak

demand and abundant tonnage, whereas no significant changes were noted for the European Panamax where rates were

maintained at previous levels.

Baltic Indices Wet Market (*Fridays closing values)

Index Week 32 Week 31 Change (%)

BCTI 678 675 +0.44

BDTI 698 711 -1.83

T/C Rates (1 yr - $/day)

Type Size Week 32 Week 31 Change (%)

VLCC 300.000 26000 26250 -0.95

Suezmax 150.000 19500 19500 0.00

Aframax 105.000 15500 15750 -1.59

Panamax 70.000 15500 15500 0.00

MR 47.000 14250 14250 0.00

Tanker - CharteringTanker - Chartering


9/18

8

Crude Tanker Average Spot Rates

Type Size (Dwt) Route Week 32

WS

Week 31

WSChange %

VLCC

280,000 AG USG 35 37 -5.41

260,000 W.AFR USG 47.5 47.5 0.00

260,000 AG East / Japan 45.5 46 -1.09

Suezmax

135,000 B.Sea Med 65 72.5 -10.34

130,000 WAF USAC 70 70 0.00

Aframax

80,000 Med Med 99 80 23.75

80,000 N. Sea UKC 112.5 102 10.29

80,000 AG East 121 112.5 7.56

70,000 Caribs USG 89 130 -31.54

Product Tanker Average Spot Rates

Type Size (Dwt) Route Week 32

WS

Week 31

WSChange %

Clean

75,000 AG Japan 125 125 0.00

55,000 AG Japan 135 131 +3.05

38,000 Caribs USAC 144 153 -5.88

37,000 Cont TA 152.5 147.5 +3.39

Dirty

55,000 Cont TA 117.5 115 +2.17

50,000 Caribs USAC 115 115 0.00

Tanker - Chartering


10/18

9

VLCC Trading Routes 2010 / 11

Suezmax Trading Routes 2010 / 11

Aframax Trading Routes 2010 / 11

Tanker - CharteringTanker - Chartering


11/18

10

Clean Trading Routes 2010 / 11

Dirty Trading Routes 2010 / 11


12/18

11

Buyers on vacation..

Highlights of the week are:

KHC Shipping of Korea are reported to have sold their capesize Bulk Carrier M/V Ocean Challenge (about 179.000 dwt

built 2011 Sungdong Korea) to compatriot SK Shipping with delivery this autumn for approximately USD 58 mill, the

vessel has a TC attached to messrs Hyundai Merchant Marine for the next 2.5 years at USD 27.000 per day.

Market rumors which state that the same owners are in discussions for a similar transaction regarding a sister vessel to the

above, namely M/V Conches (about 180.000 dwt built Sungdong Korea 2011) are yet to be proven. Market information

also refers to the sale of a 2011 Imabari Built Capesize resale being sold charterfree to Greek buyers for USD 45 mill.

The Japanese owned VLCC Tenzan (about 281.000 dwt, Built 2000 Mitsubishi JPN) has been reported sold to Embiricos

for USD 36 mill. Sellers where giving Laycan from 5th

September until 30th

December 2011.

With the summer period near its end, buyers are starting to search the market more intense. Interest for vintage tonnage

comes mostly from Middle and Far eastern countries with Europeans following. Their priority is for handysize and

handymax tonnage although panamaxes have also a strong share of buying interest. European buyers seem to pursue

more modern tonnage of all sizes. In the wet sector, MR tankers remain of interest, with inquiries for LR1 and Aframaxes

gaining a larger piece of the pie.

NEWBUILDNGS

In the newbuldings market, we have seen 28 vessels reported to have been contracted.

12 Bulk carriers (Panamax, Kamsarmax)

3 Tankers (MR)

9 Containers ( 1.800 13.100 TEU)

4 LNG (174.000 CBM)

DEMOLITION

Because of the world financial markets and the Ramadan in the subcontinent, the general sentiment is weak. Markets in

Bangladesh, Pakistan and India have not shown stronger levels with cash buyers being patient and levels showing a

decrease of about USD 10 15 / LDT. China has also been influenced but has retained the recent levels.

Sale & Purchase


13/18

12

Indicative Market Values ( 5 yrs old / Mill $ )

Bulk CarriersWeek 32 Week 31 Change %

Capesize 43 43 -

Panamax 30 30 -

Supramax 26 26 -

Handysize 21 21 -

Tankers

VLCC 82 82 -

Suezmax 55 55 -

Aframax 40 40 -

Panamax 34 34 -

MR 26 26 -

Weekly Purchase Enquiries

Sale & Purchase


14/18

13

Reported Second-hand Sales

Bulk Carriers

Name Dwt DoB Yard SS Engine Gear Price Buyer

Ocean Challenge 179.000 2011 Sungdong, KR - B&W -

58 mill

with TC attached

for 2.5 years @

USD 27.000 / day

SK Shipping

New Brisk 168.421 1995 Mitsui, JPN 12/2014 B&W - 17 mill Undisclosed

New Navigation 52.026 2002 Hyundai Mipo, KR 06/2013 B&W 4 X 30 T 23 mill KMTC

Tankers

Name Dwt DoB Yard SS Engine Hull Price Buyer

Tenzan 281.050 2000 Mitsubishi, JPN 01/2015 Mit DH 36 mill Embiricos

Samho Onyx 3.382 2007 Samho, KR 06/2012 B&W DH 5 mill Undisclosed

ContainersName TEU DoB Yard SS Engine Gear Price Buyer

Merkur 1.129 1996 Stocznia, POL 06/2016 Sulzer 2 X 43 T 6.25 mill Undisclosed

Major 1.012 1992 Szczecinska, POL 01/2013 Sulzer 2 X 40 T 6.2 millEsmeralda

Shipping

Sale & Purchase


15/18

14

Newbuilding Orders

No Type Dwt / Unit Yard Delivery Owner Price3 BC 83.000 Sanoyas 2013 - -

2 BC 82.000 Qingdao Beihai 2013Formosa Plastics

Marine Corp33.5-34

4 BC 76.000 Guangzhou Huangpu - China Merchants Bank 31

3 BC 64.000 CSSC Chengxi 2013 Jinwei -

1 Tanker 52.000 Hyundai Mipo 2012 Samos Steamship -

2 Tanker 52.000 Hyundai Mipo 2013 Chios Navigation -

5 Container 13.100 Daewoo 2014 HMM 127.6

2 Container 3.820 Taizhou 2013 German -

2 Container 1.800 Qingshan 2012 Sinotrans 49.4

2 + 2 LNG 174.000 Daewoo 2014 Stena Bulk -

Newbuilding Prices (Mill $)Japanese/ S. Korean Yards

Newbuilding Resale Prices

Bulk Carriers

Capesize 55 56

Panamax 36 40

Supramax 31 34

Handysize 24 27

Tankers

VLCC 102 102

Suezmax 65 66

Aframax 55 55

Panamax 45 46

MR 34 36

Newbuilding Resale Prices

Bulk Carriers (2008 Today) Tankers (2008 Today)

Newbuildings

$0,00

$20,00

$40,00

$60,00

$80,00

$100,00

$120,00

$140,00

$160,00

$180,00

April-08

August-08

December-

April-09

August-09

December-

April-10

August-10

December-

April-11

CAPESIZE

PANAMAX

SUPRAMAX

HANDYSIZE

$0,00

$50,00

$100,00

$150,00

$200,00

$250,00

April-08

August-08

December-

April-09

August-09

December-

April-10

August-10

December-

April-11

VLCC

SUEZMAX

AFRAMAX

LR 1

MR


16/18

15

Demolition Sales

Vessel Type Built Dwt Ldt Buyer Country PriceSino North Container 1985 28.088 8.113 Pakistan 530

Demolition Prices ($ / Ldt)

Bangladesh China India Pakistan

Dry 500 450 510 485

Wet 525 465 525 510

Demolition Prices

Bulk Carriers (2008 Today) Tankers (2008 Today)

Demolitions

0

100

200

300

400

500

600

700

800

April08

Aug

08

Dec

08

April09

Aug

09

Dec

09

Apr

10

Aug

10

Dec

10

April

11

$/

Ldt

Bangladesh

China

India

Pakistan

0

100

200

300

400

500

600

700

800

April08

Aug

08

Dec

08

April09

Aug

09

Dec

09

Apr

10

Aug

10

Dec

10

April

11

$/Ldt

Bangladesh

China

India

Pakistan


17/18

16

Shipping Stocks

Commodities

Commodity Week 32 Week 31 Change (%)Brent Crude (BZ) 109 104 4,81

Natural Gas (NG) 3,95 3,94 0,25

Gold (GC) 1783 1750 1,89

Copper (LME) 4,00 4,10 -2,44

Wheat (W) 323 310 4,19

Dry Bulk

Company Stock Exchange Week 32 Week 31 Change %

Baltic Trading Ltd (BALT) NYSE 4,52 4,76 -5,04

Crude Carriers Corp (CRU) NYSE 6,60 8,33 -20,77

Diana Shipping Inc (DSX) NASDAQ 8,06 8,51 -5,29

Dryships Inc (DRYS) NASDAQ 2,72 2,89 -5,88

Euroseas Ltd (ESEA) NASDAQ 3,81 3,66 4,10

Excel Maritime Carriers (EXM) NYSE 1,85 2,04 -9,31

Eagle Bulk Shipping Inc (EGLE) NASDAQ 1,86 1,77 5,08

Freeseas Inc (FREE) NASDAQ 1,24 1,30 -4,62

Genco Shipping (GNK) NYSE 5,16 4,64 11,21

Navios Maritime (NM) NYSE 3,40 3,42 -0,58

Navios Maritime PTN (NMM) NYSE 15,44 12,22 26,35

Paragon Shipping Inc (PRGN) NASDAQ 1,48 1,41 4,96

Star Bulk Carriers Corp (SBLK) NASDAQ 1,51 1,39 8,63

Seanergy Maritime Holdings Corp (SHIP) NASDAQ 3,86 3,75 2,93

Safe Bulkers Inc (SB) NYSE 7,08 6,93 2,16

Golden Ocean Oslo Bors (NOK) 3,95 3,55 11,27

Tankers

Capital Product Partners LP (CPLP) NASDAQ 5,94 5,74 3,48

General Maritime (GMR) NYSE 0,53 0,74 -28,38

Omega Navigation Enterprises (ONAV) NASDAQ 0,33 0,22 50,00

TOP Ships Inc (TOPS) NASDAQ 2,51 2,29 9,61

Tsakos Energy Navigation (TNP) NYSE 6,99 7,01 -0,29

Other

Aegean Maritime Petrol (ANW) NYSE 4,89 4,59 6,54Danaos Corporation (DAC) NYSE 3,93 3,71 5,93

StealthGas Inc (GASS) NASDAQ 4,22 3,95 6,84

Rio Tinto (RTP) NYSE 57,60 58,41 -1,39

Vale (VALE) NYSE 26,55 27,98 -5,11

ADM Archer Daniels Midland (ADM) NYSE 27,12 28,64 -5,31

BHP Billiton (BHP) NYSE 80,70 79,14 1,97

Financial Market Data


18/18

17

Currencies

Week 32 Week 31 Change (%)

EUR / USD 1,4248 1,4198 0,35

USD / JPY 76,67 77,00 -0,43

USD / KRW 1078 1088 -0,92

USD / NOK 5,52 5,47 0,91

Bunker Prices

IFO 380 IFO 180 MGO

Piraeus 624 656 946

Fujairah 670 700 1075

Singapore 645 658 910

Rotterdam 617 640 927

Houston 620 660 949

Port Congestion*

Port No of Vessels

China

Rizhao 29

Lianyungang 29

Qingdao 38

Zhanjiang 11

Yantai 13India

Chennai 7

Haldia 15

New Mangalore 6

Kakinada 12

Krishnapatnam 5

Mormugao 3

Kandla 15

Mundra 12

Paradip 9

Vizag 32

South AmericaRiver Plate 332

Paranagua 91

Praia Mole 20

* The information above exhibits the number of vessels, of various types and sizes, that are at berth, awaiting anchorage, at

anchorage, working, loading or expected to arrive in various ports of China, India and South America during week 32 of year

2011.

Financial Market Data / Bunker Prices / Port Congestion

shipping market report 17082011

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