Page 105: of Maritime Reporter Magazine (April 1997)

MARINE FINANCE

South ARA-area

Scand. cand. 0 riean:

Bunker Fuel Monitor (Sponsored by A/S Dan Bunkering)

MGO 250 200 0- 150 f 100 j- 50 f 0 -L

Los

AngeHes

MDO

G ibraltar/

Ceuta

FQ-380

G dbraltar/

Ceuta

Los

Angeles

FO-18Q 120 100 I 80 i - 60 i 40 |- 20,- 0

S ingapore Gibraltar/

Ceuta

Los

Angeles * ARA-area = Amsterdam/Rotterdam/Antwerp

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

MGO = Marine Gas Oil - MDO = Marine Die^?i 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 ofthe leading bunker traders. From their offices in Middelfart and Copenhagen they arrange bakers at competitive prices all over the world.

MIDDELFART

Tel /5 64 41 54 01

Fa J?45 64 41 53 01

Tlxi§253 (BUNKER DK)

E-mail midd^[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 wrk maritime consulting firm, tracks sale prices of secondhand bulk carriers and tankers. For wore information, call tel: (212) 997- 0966. )ate Vessel Vessel / DWT Year Sale Price

Reported Name Type Built (M) 2/14/97 Fortuna Bulker / 2,930 77 $1.1 2/14/97 Nora BulkeiX 2,954 82 $2.1 2/28/97 Oriental Hawk Bulk/ 11,073 84 $4.3 2/28/97 Uri Buffer 12,271 83 $5.5 2/21/97 Comity Miker 13,286 83 $5 2/7/97 Ocean Peace XBulker 20,162 76 $2.5 2/28/97 Pu Tuo Ling f Bulker 20,330 85 $4.9 2/28/97 Jin Ji Ling , f Bulker 20,330 85 $4.9 2/28/97 Magic Confidence i Bulker 21,317 82 $6.2 2/21/97 New Moon * Bulker 21,380 81 $5.8 2/21/97 Sea Dian m Bulker 21,520 85 $7.9 2/21/97 Ocean King f Bulker 21,843 81 $3.5 2/28/97 Grace IslandX Bulker 25,413 82 $7 2/21/97 Fir Grove M Bulker 27,934 89 $12.5 2/28/97 Forum Island Bulker 30,230 76 $1,5 2/14/97 Mockj^bird Bulker 34,970 87 $11.6 2/14/97 Wor^ra,gamemnon Bulker 37,451 76 $3.5 2/7/97 Cdoit/ Bulker 38,249 80 $3.8 2/14/97 Jremnitz Bulker 38,250 81 $4.3 2/28/97 ^tellar Joy Bulker 45,654 96 $21.8 2/21/97 / Androleon Bulker 45,779 76 $4 2/14/9JT Ikan Beiiak Bulker 64,957 80 $9 2I2MM :

Pacificway Bulker 65,585 76 $5.3 2/2*97 Bunga Kesidang Bulker 65,960 82 $9.5 zm°rt

Cemtex Yuan Bulker 66,865 84 $11.5

Ramona Bulker 69,841 84 $12.5 2/28/97 Maritime Nancy Bulker 71,749 90 $19.3 2/28/97 Forum Victory Bulker 72,746 77 $4.4 2/28/97 Chariot Bulker 124,292 81 $9.4 2/14/97 K. Prime Bulker 136,211 81 $11.6 2/28/97 Melvina Tanker 3,336 84 $3.4 2/28/97 Eloisa Tanker 6,863 78 $2.5 2/28/97 Panam Pacifico Tanker 12,401 81 $6 ^2/21/97 Mar Caterina Tanker 14,534 81 $5 3(28/97 J Valiant Express Tanker 29,900 88 $18 2/28^7 Plumeria Tanker 38,629 82 $13.3 2/28/gV Galahad Tanker 44,772 88 $23.1 2/7/97 \ Asia Pioneer Tanker 46,500 96 $32.2 2/7/97 V Olivia Maersk Tanker 50,600 85 $20.8 2/28/97 \6rrj Kristina Tanker 77,788 86 $26 2/14/97 P^ias Duyong Tanker 80,954 82 $15.5 2/21/97 JahV Prospect Tanker 86,966 81 $13.3 2/21/97 Hitra\ Tanker 94,236 84 $22.3 2/28/97 New Tasria Tanker 96,550 76 $6.8 2/14/97 Bona Liv\ Tanker 152,412 88 $33.1

Index Fleet Valuation 250 240 230 220 210 200 190 180

Current Market

Value ($M): .. .$236.7 1 Month Ago- $231 6 Months Ago: . .$227.7 1 Year Ago: ... $241.3

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.