Page 86: of Maritime Reporter Magazine (January 1998)

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 COPENHAGEN

Tel +45 64 41 54 01 Tel +45 33 93 54 01

Fax +45 64 41 53 01 Fax+45 33 93 54 11

Tlx 58253 (BUNKER DK) Tlx (DABUNKDK)

E-mail [email protected] 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) 11/21/97 Fonlina Bulker 12,352 82 $4.9 11/28/97 Magdalene Bulker 18,801 78 $2.3 11/21/97 Silver Fena Bulker 18,880 77 $1.8 11/14/97 Eurasian Cnarm Bulker 22,558 82 $6.3 11/21/97 Hanjin Jedda Bulker 25,057 82 $5.5 11/21/97 Asturias Bulker 25,357 84 $7.9 11/28/97 Manila Bellona Bulker 28,259 85 $9.3 11/7/97 Sea Crystal Bulker 28,269 85 $9.4 11/28/97 Broompark Bulker 30,670 82 $7.5 11/28/97 World Quince Bulker 41,538 82 $8.4 11/28/97 Maritime Pearl Bulker 42,025 90 $16.8 11/7/97 Glory Hope Bulker 68,158 87 $16.3 11/28/97 Endeavor Bulker 122,933 75 $3.9 11/14/97 Jostelle Bulker 122,970 75 $4.8 11/14/97 White Rose Bulker 149,228 96 $39.5 11/14/97 Portland Star Bulker 150,660 83 $14.5 11/7/97 Global Spirit Bulker 224,666 83 $19.7 11/21/97 Aries Eree Tanker 15,767 75 $3.5 11/7/97 Nello D'alesio Tanker 20,007 75 $4.2 11/14/97 Formosa Three Tanker 29,870 86 $14.6 11/7/97 Campo Duran Tanker 30,300 77 $3 11/7/97 Lady Ina Tanker 31,502 75 $6.1 11/7/97 Sulby Tanker 84,464 81 $13.5 11/28/97 Hellespont Prosperity Tanker 89,467 75 $5.4 11/7/97 Pacific Mercury Tanker 94,998 88 $30 11/21/97 Girraween Tanker 101,604 79 $13.7 11/7/97 Bunga Kesuma Tanker 102,719 75 $5.5 11/21/97 Nol Lynx Tanker 105,684 79 $8.9

Index Fleet Valuation 260 240 220 200 180 'II "r ~ 160

Sept. '96 Dec. '96 May '97 Sept. '97 r

Dec. '97

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. 86 Maritime Reporter/Engineering News

Singapore

Pusan

Gibraltar/Ceuta

ARA-area

Offshore Scand.

Los Angeles

New Orleans

Singapore

Pusan

Smith Africa

Gibraltar/ Ceuta

ARA-area

Offshore Scand.

Los Angeles -New Orleans

Singapore

Pusan

S. Africa

Gibraltar/Ceuta

ARA-area

Offshore Scand.

Los Angeles

New Orleans ——— Singapore —Pusan

South Africa

Gibraltar/ Ceuta j«™> ARA-area

Offshore Scand.

Los Angeles -New Orleans 9- 23- 6- 20- 3- 17- 24- 1- 8- 15- 22- 29- 5- 12- 19- 3- 10- 17-

Jul Jul Aug Aug Sep Sep Sep Oct Oct Oct Oct Oct Nov Nov Nov Dec Dec Dec 9- 23- 6- 20- 3- 17- 24- 1- 8- 15- 22- 29- 5- 12- 19- 3- 10- 17-

Jul Jul Aug Aug Sep Sep Sep Oct Oct Oct Oct Oct Nov Nov Nov Dec Dec Dec 9- 23- 6- 20- 3- 17- 24- 1- 8- 15- 22- 29- 5- 12- 19- 3- 10- 17-

Jul Jul Aug Aug Sep Sep Sep Oct Oct Oct Oct Oct Nov Nov Nov Dec Dec Dec 85 9- 23- 6- 20- 3- 17- 24- 1- 8- 15- 22- 29- 5- 12- 19- 3- 10- 17-

Jul Jul Aug Aug Sep Sep Sep Oct Oct Oct Oct Oct Nov Nov Nov Dec Dec Dec 260 250 240 230 220 210 200 190 180 170 160

MGO 240 230 220 210 200 190 180 170 160 150

MDO 125 i 120 115 110 105 100 95 90 85 125 120 115 110 105 100 95 90