Page 86: of Maritime Reporter Magazine (May 1997)

MARINE FINANCE

Bunker Fuel

Monitor *

A/S DAN-BUNKERING Ltd.

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

Index Fleet Valuation 250 240 230 220 210 200 190 180

Current Market

Value ($M): .. . .$233.8 1 Month Ago: . . .$235.9 6 Months Ago' $220 1 Year Ago: $244.3

S"

Q. <8 5

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.

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) 3/7/97 Dongnama Inchon Bulker 18,896 79 $3.3 3/28/97 Fei Ying Ling Bulker 20,300 86 $5.1 3/28/97 Mar Grande Bulker 21,339 84 $7.8 3/7/97 Ken Sun Bulker 22,245 80 $3.8 3/28/97 Mile Kim Bulker 23,508 84 $8 3/28/97 Salinas Bulker 23,532 85 $8 3/7/97 Khudozhnik Kasiyan Bulker 24,354 78 $1.7 3/21/97 Japan Rainbow II Bulker 27,877 90 $13.3 3/14/97 Port Star Bulker 27,881 90 $12.8 3/21/97 Nea Tyhi Bulker 28,648 78 $5.5 3/14/97 World Argonaut Bulker 37,451 77 $3.4 3/21/97 Golden Wing Bulker 42,248 89 $16.1 3/14/97 Rubin Dover Bulker 45,000 97 $22.5 3/28/97 Schubert Bulker 61,767 73 $2.8 3/21/97 Oakby Bulker 64,197 83 $12.5 3/21/97 Borzesti Bulker 64,860 82 $5,5 3/21/97 Polar Star Bulker 65,132 83 $9 3/28/97 Deerpool Bulker 65,163 82 $10.3 3/28/97 Bacesti Bulker 65,456 85 $8.2 3/7/97 Rubin Prosper Bulker 67,478 84 $13.3 3/14/97 Mare Tirreno Bulker 81,889 76 $3.2 3/14/97 Pytchley Bulker 109,488 80 $7.9 3/28/97 Csk Brilliance Bulker 134,176 81 $11.6 3/14/97 Pierre L.D. Bulker 163,000 92 $27.6 3/7/97 East Princess Tanker 1,700 96 $4.8 3/7/97 Chembulk Trader Tanker 9,013 89 $13.5 3/21/97 Scarlet Star Tanker 32,389 78 $7.8 3/14/97 Dirk Jacob Tanker 33,788 76 $5.9 3/28/97 Flaminia Tanker 63,774 85 $19 3/14/97 Amersham Tanker 81,281 81 $11.5 3/7/97 Glory Central Tanker 94,800 90 $28 3/28/97 Nord-jahre Princess Tanker 96,765 91 $40 3/21/97 Sentosa Pride Tanker 236,767 76 $7 94 Maritime Reporter/Engineering News