WEEKLY SHIPPING

MARKET REPORT WEEK 6

- 6th February – to 10th February 2012 -

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 reliance on 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 Chartering Departments. For any questions please contact: market-research@shiptrade.gr

Shiptrade Services SA Tel +30 210 4181814 snp@shiptrade.gr 1st Floor, 110/112 Notara Street Fax +30 210 4181142 chartering@shiptrade.gr 185 35 Piraeus, Greece www.shiptrade.gr tankerchartering@shiptrade.gr

1

China Petroleum Corp. Set To Ship Its Oil Via Cameroon By End

Of 2012 - Official

The China National Petroleum Corp. (CNPC) and the Cameroon government have agreed that the Chinese firm will ship its crude from Chad through Cameroon by the end of 2012, a top Cameroonian official involved in the talks told Dow Jones Newswires Monday. "With negotiations near completion, Chadian government authorities have reached an agreement which authorizes the Chinese company to start shipping its crude oil from Chad through the Chad-Cameroon pipeline," said the official, who is member of the Cameroon-based Pipeline Pilot Steering and Monitoring Committee in Yaounde. "This is because CNPC will start production by this year's end and wants to benefit from the existing Chad-Cameroon pipeline," added the source, who preferred speaking on condition of anonymity. Last talks between CNPC and the Cameroon Oil Transport Co., the Tchad Oil Transportation Company (TOTCO), and Exxon Chad were held last November. TOTCO manages the 1,080-kilometer pipeline that runs from southern Chad and terminates at Cameroon's Atlantic coastal town of Kribi. Since its operations began in October 2003, the Chad-Cameroon has been shipping crude produced by American oil giant Exxon Mobil Corp (XOM) , Chevron Corp. (CVX) and Malaysia's Petroliam Nasional Bhd. to date. China's CNPC had begun oil and gas exploration for seven-expectant oil wells in Chad in since 2003. Also, Canada's Griffiths Energy International Inc. is also in talks with Cameroon authorities to ship crude through the same pipeline. Griffiths Energy won three permits in 2011 to explore and develop oil in southern Chad, the official had told Dow Jones Newswires last month. As it is still in the exploration stage it is unclear how much crude Griffiths would be seeking to ship through the pipeline, the official had said. Some 37 million barrels of Chadian crude were shipped through the pipeline in 2011, around the same amount as were shipped in 2010. Potential alternative routes for Chad crude include north to Libya, or south to Republic of Congo through Central African Republic, although no infrastructure exists on either of these routes. (Dow Jones)

Ukrainian Grain Exports Decline 4.9%, Researcher ProAgro Says

Ukrainian grain exports fell 4.9 percent in this month’s first

nine days, ProAgro said, without giving a reason. Shipments dropped to 336,420 metric tons from 353,770 tons a month earlier, the Kiev-based agricultural researcher said

today by e-mail. Wheat deliveries plunged 55 percent to 40,480 tons, and the grain was exported to Jordan and Spain, ProAgro said. Corn shipments rose 30 percent to 286,890 tons, and the grain was delivered to South Korea, Taiwan and Egypt. Ukraine also

shipped 6,000 tons of barley to Israel. About 1.2 million tons of grains are to be shipped soon, including 768,300 tons of corn, 351,400 tons of wheat and 47,500 tons of barley, ProAgro said, citing preliminary port

figures. (Bloomberg)

Russia Wheat Exports Restricted by Price, SovEcon Says

Russia lost the latest wheat tender in Egypt because it offered the cereal for nearly 12 percent more than the winning bid

from the U.S., SovEcon said on its website. Russia’s price was $292.75 a metric ton, compared with $262 a ton for U.S. wheat on a so-called free-on-board basis with delivery in April, according to the Moscow-based agricultural

researcher. Egypt bought 55,000 tons of wheat from the U.S. in a tender over the weekend, according to Nomani Nomani, vice chairman of the state-run General Authority for Supply

Commodities. Russia’s grain stocks in the south are falling, which raised the cost, Andrei Sizov, SovEcon’s managing director, told Bloomberg in Moscow today. Traders have to buy more affordable grains from other regions further from the Black Sea port of Novorossiysk, which increases transportation costs, he said. The ruble strengthening also made the export

price less attractive, he said. “It is interesting that there was just one proposal of grain

from Russia in the Egyptian tender last week,” Sizov said. (Bloomberg)

Shipping , Commodities & Financial News

2

In Brief: The first week after many that ended up with improved rates and some movement in the market while the BDI reached 715.

Capes: Index stopped falling and new cargoes entered the market. Both basins generated slightly more number of orders and the index has stopped falling which infused more optimism to ship owners. The average of the four T/C Routes closed the week at USD 5,227. In the Atlantic the oversupply of tonnage has kept rates flat in spite the fact that cargo volume was increased. The T/A round were at USD 4,500/5,000 and owners were not keen on fixing at such levels. Same applies for the front haul trips where not much happened either due to many open vessels and ballasters while the Tubarao/Qingdao was done at USD 19,40 levels. Pacific started the week promising better rates due to the Australia iron ore majors coming back in play. This positive feeling did not last long as during the course of the week many owners that had kept their vessels idle decided to move at the same time leading the rates to a decreasing upward slope concluding the week at lower levels than anticipated. Moreover, with China having huge iron ore stockpiles and prices having an upward trend cannot expect to have higher rates in the near future. On the period side owners preferred to fix short period at USD 12,500 levels while asking around USD 15,000 for 1 year which hold charterers from fixing. Panamax: ECSA grains pushed rates upwards. In the Atlantic Basin , the first signs of recovery were obvious last week. The T/A rounds closed close to 7000 or bit less than that depending on size , age etc. The Fronthaul rates closed at about 16,500-17,000. ECSA grains pushed rates upwards as we learnt several vessels being fixed at usd 10-11000 basis dely Singapore. For same trips vessels fixed bss dely Cape of Good Hope got mid teens plus about 400,000 balast bonus. In the Pacific Basin a few fresh Indonesian requirements and some others from Aussie in combination with the booming ECSA market improved considerably the rates. The NOPAC/AUSSIE remain aps markets but the rates are far better than last week. The Index type vessels got rates between 8000 and 9000. Best fixture we know concluded during week 5 was at usd 6,500 dop CJK. The period rated following the general trend increased also at usd 11500 for 1 year.

Supramax: Lowest levels ever in the Atlantic whereas in the Pacific Market firming up

In the Atlantic Basin we saw vessels being fixed at even lower levels than during Chinese Holidays. Vessels being fixed for bunkers only now have to pay a bonus to charterers for repositioning in better loading areas. At the end of the week we saw one vessel fixed at 3k passing canakkale for trip to USG. The rates fm USG back to Med and Continent were about 10000 aps. In the Pacific the Indonesian Coal and Nickel Ore market is impressively improved. The rates for Tess 57 type were around 9000 aps plus 100000-200000 balast bonus depending on the position, etc. We also learned some rumours for 50k dwt vessel which got 5 k dop North China for trip to Med. Vessels fixed backhaul trips to USG at USD 2000 aps South China which rates are far better when the same vessels were fixed for bunkers only. Handysize: Market did not improve in spite the increase of the BDI Atlantic was poor in orders for one more week and the TA round kept its downward trend ending up at USD 5,000. For one more week owners avoided the front haul trip as the imminent grain season at ECSA has gathered even more vessels in Atlantic. Far East and India were slow in cargoes combined with oversupply of tonnage, thus many owners preferred to stay idle instead of fixing on below their operational costs. Period rates were better than the previous week at USD 9,000 levels.

Dry Bulk - Chartering

3

Baltic Indices – Dry Market (*Friday’s closing values)

Index Week 6 Week 5 Change (%) BDI 715 647 10,51

BCI 1457 1436 1,46

BPI 967 693 39,54

BSI 645 608 6,09

BHSI 366 382 -4,19

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

Type Size Week 6 Week 5 Change (%)

Capesize 160 / 175,000 13750 13500 1,85

Panamax 72 / 76,000 11000 10000 10,00

Supramax 52 / 57,000 10250 8000 28,13

Handysize 30 / 35,000 9000 9000 0,00

Average Spot Rates

Type Size Route Week 6 Week 5 Change %

Capesize 160 / 175,000

Far East – ATL -7000 -7000 0,00

Cont/Med – Far East 19000 19300 -1,55

Far East RV 4500 4200 7,14

TransAtlantic RV 4700 4700 0,00

Panamax 72 / 76,000

Far East – ATL -306 -2074 -

ATL / Far East 16500 14400 14,58

Pacific RV 7900 5000 58,00

TransAtlantic RV 6700 4600 45,65

Supramax 52 / 57,000

Far East – ATL 1700 1200 41,67

ATL / Far East 13100 13500 -2,96

Pacific RV 7000 4300 62,79

TransAtlantic RV 5500 6000 -8,33

Handysize 30 / 35,000

Far East – ATL 3400 3500 -2,86

ATL / Far East 10500 11000 -4,55

Pacific RV 3400 3500 -2,86

TransAtlantic RV 5000 4500 11,11

Dry Bulk - Chartering

4

ANNUAL

NOVEMBER 2011 – FEBRUARY 2012

Dry Bulk - Chartering

5

Dry Bulk - Chartering

Capesize Routes – Atlantic 2011 / 12

$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 13 16 19 22 25 28 31 34 37 40 43 46 49 52

C2 TUB/ ROT

C4RBAY /ROTC7 BOL/ ROT

C8 T/ARV

AVGALL TC

Capesize Routes – Pacific 2011 / 12

$0,00

$10.000,00

$20.000,00

$30.000,00

$40.000,00

$50.000,00

$60.000,00

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

C3 TUB /PRC

C5 WAUST /PRC

C9 CONT /FE

C10 FE R/V

Panamax Routes – Atlantic 2011 / 12

0

5000

10000

15000

20000

25000

30000

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

P1A T/A RV

P2ACONT/FE

6

Dry Bulk - Chartering

Panamax Routes – Pacific 2011 /12

-$5.000,00

$0,00

$5.000,00

$10.000,00

$15.000,00

$20.000,00

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

P3A FE R/V

P4 FE/CON

AVG ALL TC

Supramax Routes – Atlantic 2011 /12

0

5000

10000

15000

20000

25000

30000

35000

40000

1 4 7 10 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 2011 / 12

$0,00

$2.000,00

$4.000,00

$6.000,00

$8.000,00

$10.000,00

$12.000,00

$14.000,00

$16.000,00

$18.000,00

$20.000,00

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

7

VLCC: Despite the coverage of the majority of cargoes in the Middle East, the market remains weak due to the oversupply of

tonnages aiming to cover 4 remainder shipments. This week the majority of fresh cargoes were destined to the far east with

only 6 of them heading to the west. As a result there was a further relaxation in rates for the west concluding at WS 32.

Situation was same for those aimed to the east with rates easing to WS 48,4. In the Atlantic trade focus was for the eastbound

market. Only one unit crossed the Atlantic at WS 60 whilst most units ex USG are aimed for the east. Ballast units from the MEG

were preferred for eastbound cargoes due to the negative activity in the former.

Suezmax: On the Suezmax front there was some positive activity as a result of fresh inquiry. The index increased by 2,5 points to

WS 80 - a level which remained throughout the week. This came as a result of oversupply of tonnage where charterers received

multiple offers on cargoes.

Aframax: There was a positive trend in the Aframax sector for the CBS – USG route. By the end of the week the majority of

cargoes have been fixed with rates rising to WS 135.

Products: The ballasting of Panamax units to Europe provided a better position for the remaining tonnages in the CBS – USG

route, which in connection with fresh cargoes and higher bunker prices, pushed rates upwards WS 140. In the MR sector activity

was quite numb particularly for tonnages in the CBS – USAC route and USG – TA. Nevertheless, there were some fixtures from

USG which were destined for various discharge points. In the European market, situation was not as steady due to the arrival of

ex USAC tonnages which absorbed most cargoes. As a result the market eased off at WS 150.

.

Baltic Indices – Wet Market (*Friday’s closing values)

Index Week 6 Week 5 Change (%)

BCTI 666 662 0,60

BDTI 795 790 0,63

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

Type Size Week 6 Week 5 Change (%)

VLCC 300.000 19500 19500 0,00

Suezmax 150.000 16500 16500 0,00

Aframax 105.000 13250 13000 1,92

Panamax 70.000 13500 13500 0,00

MR 47.000 13800 13800 0,00

Tanker - Chartering

Tanker - Chartering

8

Crude Tanker Average Spot Rates

Type Size (Dwt) Route Week 6 WS

Week 5 WS

Change %

VLCC

280,000 AG – USG 32 32 0,00

260,000 W.AFR – USG 60 60 0,00

260,000 AG – East / Japan 49 49 0,00

Suezmax 135,000 B.Sea – Med 75 75 0,00

130,000 WAF – USAC 77,5 77,5 0,00

Aframax

80,000 Med – Med 82,5 82,5 0,00

80,000 N. Sea – UKC 95 95 0,00

80,000 AG – East 88 88 0,00

70,000 Caribs – USG 120 120 0,00

Product Tanker Average Spot Rates

Type Size (Dwt) Route Week 6 WS

Week 5 WS

Change %

Clean

75,000 AG – Japan 88 88 0,00

55,000 AG – Japan 105 105 0,00

38,000 Caribs – USAC 120 120 0,00

37,000 Cont – TA 165 165 0,00

Dirty

55,000 Cont – TA 120 120 0,00

50,000 Caribs – USAC 115 115 0,00

Tanker - Chartering

9

VLCC Trading Routes 2011 / 12

0

10

20

30

40

50

60

70

80

90

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

AG - USG

WAFR - USG

AG EASTJAPAN

Suezmax Trading Routes 2011 / 12

0

20

40

60

80

100

120

140

160

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

B. SEA- MED

WAF -USAC

Aframax Trading Routes 2011 / 12

0

20

40

60

80

100

120

140

160

180

200

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

MED - MED

N.SEA - UKC

AG - EAST

CARIBS USG

Tanker - Chartering

Tanker - Chartering

10

Clean Trading Routes – 2011 / 12

0

50

100

150

200

250

300

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

AG - JAPAN(75,000)

AG - JAPAN(55,000)

CARIBS - USAC(38,000)

CONT - TA(37,000)

Dirty Trading Routes – 2011 / 12

0

50

100

150

200

250

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

CONT - TA(55,000)

CARIBS -USAC(50,000)

11

“Wait and See” strategy

Activity reversed this week with the BDI having a positive trend while the SNP market followed a rather negative route.

Few sales were reported across sectors whilst in some cases there was some price elasticity.

In shiptrades enquiry index there was a firm interest for bulkers most notable Handysize and Handymaxes. In the tanker

sector the situation was not promising, nevertheless MRs were once again in the spotlight

Handymax M/V “Magic Fortis” (42,512 DWT built in 1985 in Mitsui, JPN) is reported sold to undisclosed buyers for USD 4,2

Mill.

Lavinia is reported to have purchased Korean handysize resale M/V “Poseidon” (34,000 DWT built in 2011 in 21st Century,

KRS) for USD 22 Mill. Same owners were the original contractors of the vessel.

In the tanker sector the most notable reported sale has been that of M/T “Selendang Permata” (45,123 DWT built in 1997

in Dalian, CHN) for USD 8.5 Mill. The vessel was reported sold for USD 7,5 Mill in late 2011. This sale shows a further

softening in asset values, particularly in a size where price fluctuations were less vigorous.

NEWBUILDNGS

In the newbuilding market, we have seen 8 vessels reported to have been contracted.

7 Tankers (MR, Aframax, VLCC)

1 Container (4.800 TEU)

DEMOLITION

The Subcontinent in general showed a decrease of about USD 15-25 / LT this week. In Bangaldesh only a few buyers were

able to offer and finance deals. India also offered decreased levels. Pakistan for the first time this year had the lower levels

in the general geographical area. China followed the general sentiment with some buyers offering sometimes less than

USD 400 / LT.

Sale & Purchase

12

Indicative Market Values – ( 5 yrs old / Mill $ )

Bulk Carriers

Week 6 Week 5 Change %

Capesize 37 37 -

Panamax 25.5 25.5 -

Supramax 25 25 -

Handysize 20 20 -

Tankers

VLCC 58 58 -

Suezmax 44 44 -

Aframax 34.5 34.5 -

Panamax 33.5 33.5 -

MR 25 25 -

Weekly Purchase Enquiries

SHIPTRADE P/E WEEKLY INDEX

0

50

100

150

200

250

300

350

28/12

-3/120

11

4/1-10/1/2011

11/1-17/1/201

1

18/1-24/1/201

1

25-31/1/201

1

1-7/2/2010

8-14/2/2011

15-21/2/201

1

22-28/2/201

1

01-07/3/201

1

08-14/3/201

1

15-21/03/20

11

22-28/03/20

11

29/03

-4/4/201

1

5/4/-11/4/20

11

12-18/4/201

1

19-25/4/201

1

26/4-2/5/2011

3-9/5/2011

10-16/5/201

1

17-23/5/201

1

24-30/5/201

1

31/5-6/6/2011

7-13/6/2011

14-20/6/201

1

21-27/6/201

1

28/6-4/7/2011

5-11/7/2011

12-18/7/201

1

19-25/7/201

1

26/7-1/8/2011

2-8/8/2011

9-15/8/2011

16-21/8/201

1

22-29/8/201

1

30/8-05/9/201

1

06-12/9/201

1

13-19/9/201

1

20-26/9/201

1

27/9-3/10/201

1

4-10/10/201

1

11-17/10/20

11

18-24/10/20

11

25-31/10/20

11

1-7/11/2011

8-14/11/201

1

15-21/11/20

11

22-28/11/20

11

29/11

-5/12/20

11

6-12/12/201

1

13-19/12/20

11

20-26/12/20

11

27/12

/2011

-9/1/2012

10-16/1/201

2

17-23/1/201

2

24-30/1/201

2

31/1-6/2/2012

7-13/2/2012

Korea China Spore KCS

Greece Other Sum

Sale & Purchase

13

Reported Second-hand Sales

Bulk Carriers Name Dwt DoB Yard SS Engine Gear Price Buyer

Sagarkiran 73.350 1995 Hyundai, KR 01/2015 B&W 4 X 25 T Region 11 mill Undisclosed

Magic Fortis 42.512 1985 Mitsui, JPN 01/2014 B&W 4 X 25 T 4.2 mill Undisclosed

Poseidon 34.000 2012 21st

Century, KR - B&W 4 X 30 T Region 22 mill Lavinia

Tankers Name Dwt DoB Yard SS Engine Hull Price Buyer

Selendang Permata 45.312 1997 Dalian, CHN 03/2012 B&W DH 8.5 mill Undisclosed

Sale & Purchase

14

Newbuilding Orders

No Type Dwt / Unit Yard Delivery Owner Price 4 Tanker 317.000 DSME 2014 KOTC 120 mill

1 Tanker 110.000 DSME 2014 KOTC 76 mill

2 Tanker 56.000 STX 2013 Top Ships 32.5 mill

1 Container 4.800 Jinling 2013 P. Doehle 55 mill

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

Newbuilding Resale Prices

Bulk Carriers

Capesize 50 48

Panamax 34 32

Supramax 30 31

Handysize 24 22

Tankers

VLCC 95 85

Suezmax 63 58

Aframax 48 45

Panamax 43 48

MR 34 35

Newbuilding Resale Prices

Bulk Carriers (2008 – Today) Tankers (2008 – Today)

Newbuildings

15

Demolition Sales

Vessel Type Built Dwt Ldt Buyer Country Price Bintan Star BC 1984 69.461 16.859 Bangladesh Undisclosed

Strait Challenger BC 1982 23.418 5.945 Bangladesh 496 (with 300 T Bunkers ROB)

Zeinat 3 Tanker 1995 68.232 16.350 India Undisclosed

Brilliant Jewel FSO 1989 247.471 41.000 Pakistan 505

Ionian Sea Tanker 1992 98.827 16.125 Pakistan 490

Daio Andes BC 1989 44.315 8.664 China 430

Finch Arrow BC 1984 39.273 11.796 China 425

Gannet Arrow BC 1985 39.260 11.519 China 425

Demolition Prices ($ / Ldt)

Bangladesh China India Pakistan

Dry 465 410 465 460

Wet 495 430 495 490

Demolition Prices

Bulk Carriers (2008 – Today) Tankers (2008 – Today)

Demolitions

16

Shipping Stocks

Commodities

Commodity Week 6 Week 5 Change (%) Brent Crude (BZ) 117 116 0,86

Natural Gas (NG) 2,54 2,48 2,42

Gold (GC) 1724 1741 -0,98

Copper (LME) 3,86 3,83 0,78

Wheat (W) 269 282 -4,61

Dry Bulk

Company Stock Exchange Week 6 Week 5 Change % Baltic Trading Ltd (BALT) NYSE 4,18 4,10 1,95

Diana Shipping Inc (DSX) NASDAQ 8,91 8,29 7,48

Dryships Inc (DRYS) NASDAQ 3,00 2,40 25,00

Euroseas Ltd (ESEA) NASDAQ 2,92 2,79 4,66

Excel Maritime Carriers (EXM) NYSE 1,89 1,54 22,73

Eagle Bulk Shipping Inc (EGLE) NASDAQ 1,70 1,36 25,00

Freeseas Inc (FREE) NASDAQ 0,64 0,45 42,22

Genco Shipping (GNK) NYSE 8,78 7,39 18,81

Navios Maritime (NM) NYSE 4,02 3,70 8,65

Navios Maritime PTN (NMM) NYSE 15,91 16,12 -1,30

Paragon Shipping Inc (PRGN) NASDAQ 0,80 0,59 35,59

Star Bulk Carriers Corp (SBLK) NASDAQ 1,12 1,17 -4,27

Seanergy Maritime Holdings Corp (SHIP) NASDAQ 2,84 2,28 24,56

Safe Bulkers Inc (SB) NYSE 7,23 6,84 5,70

Golden Ocean Oslo Bors (NOK) 5,75 5,41 6,28

Tankers Capital Product Partners LP (CPLP) NASDAQ 7,12 7,75 -8,13

Omega Navigation Enterprises (ONAV) NASDAQ 0,15 0,17 -11,76

TOP Ships Inc (TOPS) NASDAQ 1,87 1,36 37,50

Tsakos Energy Navigation (TNP) NYSE 6,17 6,68 -7,63

Other Aegean Maritime Petrol (ANW) NYSE 5,36 5,44 -1,47

Danaos Corporation (DAC) NYSE 4,21 3,88 8,51

StealthGas Inc (GASS) NASDAQ 4,35 4,31 0,93

Rio Tinto (RTP) NYSE 59,35 62,55 -5,12

Vale (VALE) NYSE 25,75 26,61 -3,23

ADM Archer Daniels Midland (ADM) NYSE 30,40 29,55 2,88

BHP Billiton (BHP) NYSE 77,10 82,15 -6,15

Financial Market Data

17

Currencies

Week 6 Week 5 Change (%) EUR / USD 1,32 1,31 0,76

USD / JPY 77,67 76,00 2,20

USD / KRW 1120 1116 0,36

USD / NOK 5,75 5,83 -1,37

Bunker Prices

IFO 380 IFO 180 MGO Piraeus 702 732 1022

Fujairah 730 750 1050

Singapore 727 740 980

Rotterdam 692 714 990

Houston 710 740 1020

Port Congestion*

Port No of Vessels

China Rizhao 78

Lianyungang 50

Qingdao 215

Zhanjiang 60

Yantai 24

India

Chennai 19

Haldia 92

New Mangalore 35

Kakinada 39

Krishnapatnam 21

Mormugao 18

Kandla 43

Mundra 38

Paradip 73

Vizag 42

South America

River Plate 294

Paranagua 56

Praia Mole 85

* 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 6 of year

2012.

Financial Market Data / Bunker Prices / Port Congestion