Page 112: of Maritime Reporter Magazine (April 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 15- 22- 29- 5- 12- 19- 3- 10- 17- 23- 30- 7- 14- 21- 28- 3- 11- 18- 25- 4- 11-

Oct Oct Oct Nov Nov Nov Dec Dec Dec Dec Dec Jan Jan Jan Jan Feb Feb Feb Feb MarMar 380 "Singapore "Pusan " Gibraltar/Ceuta

ARA-area ' Offshore Scand. "Los Angeles "New Orleans 15- 22- 29- 5- 12- 19- 3- 10- 17- 23- 30- 7- 14- 21- 28- 3- 11- 18- 25- 4- 11-

Oct Oct Oct Nov Nov Nov Dec Dec Dec Dec Dec Jan Jan Jan Jan Feb Feb Feb Feb MarMar

MDO

Singapore

Pusan

South Africa

Gibraltar/ Ceuta

ARA-area

Offshore Scand.

Los Angeles

New Orleans 15- 22- 29- 5- 12- 19- 3- 10- 17- 23- 30- 7- 14- 21- 28- 3- 11- 18- 25- 4- 11-

Oct Oct Oct Nov Nov Nov Dec Dec Dec Dec Dec Jan Jan Jan Jan Feb Feb Feb Feb MarMar

MGO 110

Singapore

Pusan

South Africa

Gibraltar/ Ceuta

ARA-area

Offshore Scand.

Los Angeles

New Orleans 15- 22- 29- 5- 12- 19- 3- 10- 17- 23- 30- 7- 14- 21- 28- 3- 11- 18- 25- 4- 11- 18-

Oct Oct Oct Nov Nov Nov Dec Dec Dec Dec Dec Jan Jan Jan Jan Feb Feb Feb Feb MarMarMar * 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.

Date Vessel Vessel DWT Year Sale

Reported Name Type Built Price (M) 2/13/98 Soya Bulker 12,048 75 $1.1 2/27/98 Green Maya Bulker 19,140 80 $2.5 2/6/98 Kappa Star Bulker 19,158 77 $2.6 2/27/98 Samsun Earnest Bulker 33,024 86 $9.6 2/6/98 Matumba Bulker 35,264 74 $1.2 2/20/98 Korean Pioneer Bulker 36,757 83 $6.2 2/27/98 Naivasha Bulker 38,406 74 $1.5 2/20/98 Mary M Bulker 40,999 75 $1.4 2/13/98 United Ocean No. 1 Bulker 45,000 98 $22.7 2/27/98 Mosdeep Bulker 49,000 81 $5.6 2/20/98 Astraguillermo Bulker 64,221 89 $7 2/20/98 Singapore Ace Bulker 133,082 82 $8.5 2/27/98 Nord Sea Bulker 140,532 85 $13.2 2/6/98 Shin Ogishima Maru Bulker 194,109 81 $10.1 2/20/98 Maritza Tanker 16,540 76 $1.1 2/20/98 Nordamerika lanker 28,500 98 $28 2/6/98 Asahi Maru Tanker 37,282 75 $3.5 2/6/98 Brahms Tanker 51,173 72 $3.8 2/6/98 Seadance Tanker 81,283 80 $14 2/27/98 Metsovon Tanker 87,650 79 $13 2/20/98 Flores Sea Tanker 98,930 76 $5.1 2/13/98 Tanana Tanker 141,720 92 $42 2/6/98 Jahre Trader Tanker 142,031 89 $44 2/6/98 World Eminence Tanker 261,785 75 $11.5

Index Fleet Valuation 260

March '97 June '97 Sept. '97 Dec. '97 March '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. 98 Maritime Reporter/Engineering News