(

6

6

6

6//

6CKA

7

7

84

9BDI 9%

10

11

12

12

13Tanker Time Charter Rates (13 May 2010)

13Tanker Time Charter Rates (6 May 2010)

13FIS DRY BULK FFA PRICES

14ICAP SUPRAMAX INDEX(USD)

14ICAP HANDYMAX INDEX(USD)

15

15

16

1693.9

16494A1%

177

176628

174

17

18DHL1.42

18EADS39%

19

19

20

209

20()2000

211-4

21740

21 1.577

22 2020

22407TEU416%

22411.3%

23326TEU

23

24

2432%

25

2558514

2812.8

29

29

30

314

3115LNG

312010.5.6-5.12

312010.5.6-5.12

322010.5.6-5.12

3210

325

333

33

33

34

3420

35

35514

36

37

37

40

401-4

4020104

4020101-423.3%

41

41

413-5

42

43

43

437.5 40%

44

44

44

45

456

45

46

46

48

50

50

5120104900

51

51

5228

52Latest News

52Dry bulk market posts healthy weekly gains

54Carriers Maximizing Space, says Agility Executive

55BDI, Indian shipping stocks out of sync with each other

55Two additional calls for CMA CGM Asia - Gulf of Mexico Service (PEX 3)

56Big guns deployed on latest Maersk/CMA CGM Europe route

56More 13,000 TEU vessels to call at Maasvlakte

56Report Highlights EU Maritime Taxes

57Shipbroking and chartering salaries and bonuses

59Intercargo Publishes Report Benchmarking Bulk Carriers 2009-10

59First container derivatives trade could herald booming new market

60----------------------------------------------------------------------------

60APM Terminals' Volume, Profit Rise

61Maersk Maintains Lid on Capacity

61Hamburg Sud Is Reducing Fuel Consumption By Up To 5%

62Revenue, Profit Fall for Hamburg Stevedore HHLA

63CMA CGM Projects $1.8 Billion Profit on Operations

64ICAP Shipping appoints Henry Liddell as Chief Executive Officer

64FSL to continue Rosneft COAs

64ASL Marine's Q3 net profit falls 60% on-year to S$9.3m

65India: Government plans to sell at least 10% SCI stake

66Tatas to add eight ships to enhance supply chain

67Geir Olsen appointed new Imarex CEO

68Oceanbulk Shipping & Trading v TMT Asia

69Turkey: Maritime firms to receive KGF support

69Shin Yang Shipping to use IPO proceeds for more vessels

70TOP Ships Reports First Quarter 2010 Financial Results

71Teekay Corporation Reports First Quarter Results

75NOL first quarter loss narrows by 60%; revenue 36% higher

76OceanFreight Inc. Reports Financial Results for the First Quarter 2010

78VLCCF - Knightsbridge Tankers Limited First Quarter 2010 Results

78Nordic American Tanker Shipping Reports results for the 1st Quarter 2010

81Sembcorp: Net profit grew by 23.8% to $148.8 million

82DryShips Inc. Reports Financial and Operating Results for the First Quarter 2010

83----------------------------------------------------------------------------

83Mediator set to help resolve S.Africa transport strike

84Transnet Richards Bay Terminals Run at 20% Capacity, Agents Say

85Xstrata, Kumba Hurt by South African Transport Strike

87Watchkeeper: Port state risks and rewards

88Singapore's April box volumes down 3.7%

88Newcastle port coal exports down for week

88Cargo traffic at L.A., Long Beach ports jumps in April

89Penang Port will be staying put

90India: Mega container terminal getting ready to meet surge in demand

91India Develops Minor Ports

95New Bahamas Container Shipping Port Gets The Go Ahead

96Saudi Ports Says Cargo Volumes To Rise By 12% This Year - SPA

96DP World's $1 Billion India Container Port to Challenge Colombo

97DP World Innovation protects people and the environment at Jebel Ali port

97Turkish event shows Antwerp importance

98Vladivostok Port's first-quarter profit jumps to 129.085m rubles

98Prince Rupert Containers Jump 87 Percent

99Manila's challenge to shipping lines

99----------------------------------------------------------------------------

99STX reveals $200m of orders

99STX Pan Ocean swings to profit in Q1

100Brazil's shipbuilding industry: time for revitalization

100More dry docks needed in GCC region?

101Mercator Lines takes delivery of a modern gearless Panamax

102----------------------------------------------------------------------------

102IMO Secretary-General Mitropoulos meets EC Commissioner Hedegaard

103Arming Container Ships With Anti-Ship Missiles

104Asia Iron Ore-Prices slip as China steel mills use stoc

105Iron Ore Swap Market Participation Doubles, Credit Suisse Says

105Iron ore price negotiations - 32pct jump seen in next quarter

106China imported iron ore stockpiles up 1.8 pct this week

106China's NDRC Expects May, June Iron Ore Prices to Rise Sharply

106Xu Kuangdi: Chinese mills to incur losses by following Japan on iron ore pricing

107Chinese iron ore investors improve merger and acquisition activity

108Worldsteel: Changes In Ore Pricing System Shows Monopoly

109Rio's War Chest Swells, May See Albanese Revive M&A

111ArcelorMittal to Raise Prices on 'Overwhelming' Costs

111World average carbon steel prices - Latest forecasts from MEPS

112Global steel players to make more vertical moves says Deloitte

52134200TEU5Back

61CSXNorfolkCSX820111Back

//

-6/

(CMA CGM Group)(French Asia Line) - FAL 5

(Maersk Line)101.3TEU-----------

FAL 513800TEU(CMA CGM CHRISTOPHE COLOMB) 122610Back

CKA

514SCTCKASCT54,500 TEUSCTBack

Drewry10.8%

-2189/feu112.8%09871/feu

Rodolphe Saad

TSA800/feu

6000 teu2011

Maersk Danville4132 teuMaersk Dabou61219750/

5042 teu19400//

Maersk Broker2510000 teu3500 teuStadt Koeln3388 teu69750/6

Northern Trust3330 teu60-14010250/53002000 teu-3000 teu

0508Back

-51-345620200250

42202,1002,3001,9002,1001,85044005

ELAA20.4%311.9253.5%310.4%

32105.5211.2%-136.221.5%349.59.8%

--10.8%402,18951.132,2002,400

6Back

4

44BDI

44449416423430

2009102010110134200996.4%26%

2010345,5332.9%43368446,7003300BDI

201096.31/79.79/20.69%318.78%20103.25%

200910BDI

4

-----------------------------------------------------------------------------

48BDI2,92241762.54%23.963412.97511.04%10.113410.3913.72%

415BDI3,0003,00148792.7%24.481480.5182.2%9.846480.2672.6%

422BDI3,00641550.17%25.0154150.5342.18%10.3754150.5295.37%

429BDI3,35942235311.74%31.1734226.15824.62%10.9754220.65.78%

-----------------------------------------------------------------------------

Back

BDI 9%

BDI 9% 4000 14 (BDI) 14) 15 3929 (BCI) 57 4804 (BPI) 67 4340 (BSI) 23 3076

Mysteel6961.01.8% 22058031.7%1800980,00025.9% 450,0001685.024.2%

65

4553300006.2%

2Q 1Q 3Q 78

40 300 2395

5.14-5.07

/ %

BDI 3929 3608 321 8.90%

Capesize 4804 4348 456 10.49%

Panamax 4340 4062 278 6.84%

(Supramax) 3076 2888 188 6.51%

(Handysize) 1481 1412 69 4.89%

5.14-5.07

/ %

(Clean Tanker) 732 724 8 1.10%

(Dirty Tanker) 1097 992 105 10.58%

Back

Back

()

Back

Back

:153/3.75%

/

Back

Tanker Time Charter Rates (13 May 2010)

VESSEL TYPE

DWT

12 MONTHS ($/day)

3 YEARS

($/day)

5 YEARS

($/day)

VLCC

(300,000 dwt)

39,000

38,000

37,000

SUEZMAX

(150,000 dwt)

25,000

27,000

28,500

AFRAMAX

(110,000 dwt)

18,500

19,000

21,000

PANAMAX

(72,000 dwt)

16,000

17,500

19,000

MR

(45,000 dwt)

12,500

14,000

14,750

Back

Tanker Time Charter Rates (6 May 2010)

VESSEL TYPE

DWT

12 MONTHS ($/day)

3 YEARS

($/day)

5 YEARS

($/day)

VLCC

(300,000 dwt)

40,000

38,000

37,000

SUEZMAX

(150,000 dwt)

25,000

27,000

28,000

AFRAMAX

(110,000 dwt)

18,500

18,500

21,000

PANAMAX

(72,000 dwt)

16,000

17,500

19,000

MR

(45,000 dwt)

12,500

14,000

14,500

Back

FIS D