Page 74: of Maritime Reporter Magazine (February 1998)

MARINE FINANCE

Bunker Fuel

Monitor

A/S DAN-BUNKERING Ltd. 180

Singapore

Pusan

S. Africa

Gibraltar/Ceuta

ARA-area

Offshore Scand.

Los Angeles

New Orleans 17- 24- 1- 8- 15- 22- 29- 5- 12- 19- 3- 10- 17- 23- 30- 7- 14- 21-

Sep Sep Oct Oct Oct Oct Oct Nov Nov Nov Dec Dec Dec Dec Dec Jan Jan Dec 380 - Singapore - Pusan - Gibraltar/Ceuta

ARA-area - Offshore Scand. - Los Angeles - New Orleans 17- 24- 1- 8- 15- 22- 29- 5- 12- 19- 3- 10- 17- 23- 30- 7- 14- 21-

Sep Sep Oct Oct Oct Oct Oct Nov Nov Nov Dec Dec Dec Dec Dec Jan Jan Dec

MDO 1- 8- 15- 22- 29- 5- 12- 19- 3- 10- 17- 23- 30- 7- 14- 21-

Oct Oct Oct Oct Oct Nov Nov Nov Dec Dec Dec Dec Dec Jan Jan Jan -Singapore - Pusan

South Africa - Gibraltar/ Ceuta

ARA-area -Offshore Scand. - Los Angeles - New Orleans

MGO -Singapore -Pusan

South Africa -Gibraltar/Ceuta

ARA-area -Offshore Scand. - Los Angeles - New Orleans 1- 8- 15- 22- 29- 5- 12- 19- 3- 10- 17- 23- 30- 7-

Oct Oct Oct Oct Oct Nov Nov Nov Dec Dec Dec Dec Dec Jan * ARA-area = Amsterdam/Rotterdam/Antwerp

All prices are delivered FOB (Free On Board) in U.S.$

MGO = Marine Gas Oil - MDO = Marine Diesel Oil

Above prices are indications only. For firm offer, please call Carsten Ladekjaer at: +45 64 41 54 01; or e-mail: [email protected].

A/S DAN-BUNKERING Ltd. is one of the leading bunker traders. From their offices in Middelfart and Copenhagen they arrange bunkers at competitive prices all over the world.

MIDDELFART

Tel +45 64 41 54 01

Fax +45 64 41 53 01

Tlx 58253 (BUNKER DK)

E-mail [email protected]

COPENHAGEN

Tel +45 33 93 54 01

Fax +45 33 93 54 11

Tlx (DABUNKDK)

E-mail [email protected] http://www.dan-bunkering.dk

Recent Ship Sales

This report, compiled by Shipping Intelligence, Inc., a New York maritime consulting firm, tracks sale prices of secondhand bulk carriers and tankers. For more information, call tel: (212) 997- 0966.

Date Vessel Vessel DWT Year Sale Price

Reported Name Type Built m 12/5/97 Kopalnia Machow Bulker 14,065 72 $.75 12/5/97 Asian Confidence Bulker 19,395 79 $3.5 12/5/97 Aikaterini L Bulker 20,297 77 $2 12/5/97 Sea Lion 1 Bulker 21,143 80 $1.6 12/12/97 Halla Pioneer Bulker 22,457 83 $6 12/12/97 Angeliki D Bulker 32,312 71 $1.7 12/5/97 Nickolas Bulker 34,458 73 $2.1 12/5/97 Csk Fortune Bulker 65,622 87 $13.7 12/12/97 M.N. Istanbul Bulker 124,817 78 $6.5 12/19/97 Ocean Conqueror Bulker 143,731 83 $14.6 12/12/97 Loire Ore Bulker 151,143 96 $40 12/5/97 Iron Pacific Bulker 231,851 86 $33 12/5/97 Barrington Tanker 32,000 89 $19.5 12/5/97 Sun Rose Tanker 32,512 72 $2.9 12/5/97 Palmerston Tanker 36,701 90 $18 12/12/97 Team Llada Tanker 45,831 87 $18.6 12/19/97 Terra Nova Tanker 60,998 83 $16 12/5/97 Prosperity Tanker 98,671 78 $3 12/12/97 New Louisiana Tanker 115,831 75 $7 12/19/97 Golden Prospect Tanker 318,822 75 $8.5

Index Fleet Valuation

Jan. '97 April '97 July '97 Oct. '97 Jan. '98

The Index Fleet Valuation is representative of the resale market for Bulk Carriers and Tankers as a whole. The Index Fleet consists of 15 vessels, nine Bulk Carriers and six Tankers, of various sizes and ages. Fluctuations in the value of the world fleet are mirrored in the Index Fleet. This report, compiled by Shipping Intelligence, Inc., a New York maritime consulting firm, tracks sale prices of secondhand bulk carriers and tankers. For more information, call tel: (212) 997-0966. 70 Maritime Reporter/Engineering News