Page 99: of Maritime Reporter Magazine (November 2003)

Ferliship's New Ship Contracts

Ferliship is a strategic consultancy highly specialized in market researchs gu 2° C, 28004 Madrid, Spain, Tel. : +34 91 531 01 78 689 01 45 66; Fax: (Prices are in U.S. Dollars) (NOTE: Contracts are for July and August 2003)

OWNER OPERATOR SHIPYARD TYPE No

TIDEWATER AHTS 2

ZODIAC MARITIME (OFER GROUP] BULK CARRIER 2 180,000

SANTOKU SENPAKU BULK CARRIER 1 178,000

SINCERE NAVIGATION BULK CARRIER 1 175,100 (IDO SHIPPING BULK CARRIER 2 175,000

OAK MARITIME BULK CARRIER 1 175,000

JINHUI SHIPPING 8 TRANSP. BULK CARRIER 1 76,000

SHINYO BULK CARRIER 1 75,000

CIDO SHIPPING BULK CARRIER 1 75 000

REPUBLIC (IF IRAN SHIPPING LINES (IRISL) BULK CARRIER 4 74 000

DIANA SHIPPING BULK CARRIER 2 73100

CHINA SHIPPING GROUP (CSG) BULK CARRIER 2 57,000

YASA SHIPPING BULK CARRIER 2 56 000

RESTIS BULK CARRIER 4 53,000

NORDEN AS BULK CARRIER t 48,600

INTERSHIP NAVIGATION BULK CARRIER 2 38 000

JEBSENS SHIP MGMT BULK CARRIER 2 33 500

JAPANESE INTERESTS BULK CARRIER 1 19 000

PETER DOHLE SCHIFFAHRTS BULK CARRIER 4 7.600

K0WA KISEN BULK CARRIER/CEMENT CARRIER 1 7,133

JAPANESE INTERESTS BULK CARRIER / ORE CARRIER 4 82,800

TRANS0CEAN MARITIME BULK CARRIER / ORE CARRIER 2 76,500

JAPANESE INTERESTS BULK CARRIER /ORE CARRIER 5 75,500

KOMROWSKI BULK CARRIER/ORE CARRIER 1 74,000

SOUTH AFRICAN MARINE BULK CARRIER/ORE CARRIER 2 53,700

AKTIE DENIZCILIK BULK CARRIER / ORE CARRIER 1 53 500

SATO KISEN BULK CARRIER/ORE CARRIER 1 51 900

PACIFIC BASIN BULK SHIPPING BULK CARRIER /ORE CARRIER 2 43,800

JAPANESE INTERESTS BULK CARRIER / ORE CARRIER 1 35 000

JAPANESE INTERESTS BULK CARRIER / ORE CARRIER 3 33 300

ROYAL ARCTIC LINE CONTAINER 2 8,800

COSTAMARE SHIPPING CO CONTAINER 3

CMACGM CONTAINER 4

ORIENT OVERSEAS CONTAINER LINE OOCL CONTAINER 2 0FFEN CONTAINER 3

CLAUS PETE R OFFEN CONTAINER 5

P 8 0 NEDILOYD CONTAINER 2

EVERGREEN CONTAINER

COSCO CONTAINER 2 0SKARWEHR CONTAINER 2

UNKNOWN CONTAINER 2

SEASPAN INTER. CONTAINER 4

CP SHIPS CONTAINER 9

PETER DOHLE SCHIFFAHRTS CONTAINER 2

NORDDEUTSCHE REEDEREI CONTAINER 2

PETER DOHLE SCHIFFAHRTS CONTAINER 2

HANSATREUHAND CONTAINER 1

WAN HAI LINES CONTAINER 1

RCL CONTAINER 2

B0CKSTIEGEL REEDEREI CONTAINER 2

NAMSUNG SHIPPING CO CONTAINER 2

SHANDONG YANTAI CONTAINER 2

SINGAPORE INTERESTS CONTAINER 4

PACIFIC INTERNATIONAL LINES CONTAINER 2

GERMAN INTERESTS CONTAINER 4

GERMAN INTERESTS CONTAINER 2

UNKNOWN CONTAINER 3

NAT SHG CO SAUDI ARABIA (NSCSA) CHEMICAL TANKER 2 46,200

BROSTROM RIGEL SCHIFFAHRTS CHEMICAL TANKER 2 37 000

SEYCHELLES PETROLEUM CHEMICAL TANKER 1 32 230

MEDITERRANEA Dl NAVEGAZIONE CHEMICAL TANKER 1 25 000

KYOKUHO CHEMICAL TANKER CHEMICAL TANKER 1 25 000

DONSOTANK CHEMICAL TANKER 1 19 500

LOTUS SHIPPING CHEMICAL TANKER 3 12 800

SCHOELLER CHEMICAL TANKER 2 12 400

JAPANESE INTERESTS CHEMICAL TANKER 1 12 000

JAPANESE INTERESTS CHEMICAL TANKER 8 800

NEPTUNE SHIPPING AGENCIES CHEMICAL TANKER I 8 800

SCHOELLER HOLDING CHEMICAL TANKER 4 8 500

BESIKTAS SHIPPING CHEMICAL TANKER 1 7,100

SPANISH INTERESTS CHEMICAL TANKER 1 7,100

PALMALI CHEMICAL TANKER 2 6,150

TURKISH INTERESTS CHEMICAL TANKER 2 3,500

W00LINM SHIPPING CHEMICAL TANKER 1 3,400

KALYON DENIZCILIK CHEMICAL TANKER 1 3,200

SAMU0ERA CHEMICAL TANKER 1 2,850

UNKNOWN CHEMICAL TANKER 1 1,700

MOBY LINES FERRY 1

SEAFRANCi FERRY 1

KROSSBREKKA PF FISHING 1

WOODSIDE PERTH FPSO 1 150,000

JAPANESE INTERESTS GENERAL CARGO 1 10,650

KANSAI KISEN GENERAL CARGO 2 10 000

US NAVY GENERAL CARGO 1 8,500

BRIESE SCHIFFAHRT GMBH. GENERAL CARGO 1 7,000

NOMA KAIIJN GENERAL CARGO 2 6 390

NOMA KAIIJN GENERAL CARGO 1 6 300

WAGENBORG SHIPPING BV GENERAL CARGO 1 4 500

UNKNOWN GENERAL CARGO 1 3 800

MASTER DENIZ ACENATLIGI GENERAL CARGO 1 2,750

GAZDE FRANCE (GDF1 LNG 1

OMAN GOVERNMENT LNG 1

UNKNOWN LNG 1

CMA LNG 1

ANGELICOUSSIS LNG 1

TABUCHI KAIUN KAISHA LPG 1 1 970

NORSK HYDRO LPG 1

TOM W0RDEN MULTI FUNCTION SERVICE 2 7,500

NIPPON YLISEN KAISA (NYK) MULTI-PURPOSE 4 20,000

JORG KOPPING MULTIPURPOSE 2 10,500

NIPPON YLISEN KAISA (NYK) MULTI-PURPOSE 4

FOSEN TRAFIKKLAG PASSENGER/VEHICLE/FERRY 1

FRED OLSEN 8 CO. PASSENGER/VEHICLE/FERRY 1

JAPANESE NTERESTS PASSENGER /VEHICLE/FERRY 1

SHENGSI SHIPPING PASSENGER/VEHICLE/FERRY 1

TRAGHETTI POZZUOLI PASSENGER/VEHICLE/FERRY 3

NIPPON YLISEN KAISA INYKI pac 1

NIPPON YLISEN KAISA (NYK) PCTC 1

GREAT EASTERN SHIPPING CO GESCO PLATFORM SUPPLY VESSEL 1

TORM A/S PRODUCTS TANKER 2 105,000

RUSSIAN INTEREST PRODUCTS TANKER 1 95,000

BARCLAY SHIPPING PRODUCTS TANKER 2 73,000

JINHUI SH PPING 8 TRANSP PRODUCTS TANKER 1 55,300

JAPANESE INTERESTS PRODUCTS TANKER 2 48 000

MITSUI O.S.K. LINES (MOD PRODUCTS TANKER 1 48,000

STARGAS PRODUCTS TANKER 1 47,000

FULLSHIP SRL PRODUCTS TANKER 2 47,000

JAPANESE INTERESTS PRODUCTS TANKER 1 46,000

C0GEMA PRODUCTS TANKER 2 45,800

M0RFINI SRL PRODUCTS TANKER 4 40,000

EMERALD SHIPPING PRODUCTS TANKER 1 39,000

OVERSEAS SHIPH0LDING GROUP PRODUCTS TANKER 1 38,000

S0CATRA PRODUCTS TANKER 1 37,000

VROON PRODUCTS TANKER 2 37 000

TAIHEIYO KAIUN PRODUCTS TANKER 1 28 000

BUHNER, CARL PRODUCTS TANKER 2 25,000

CF PETERS PRODUCTS TANKER 1 6,500

KOBE SHIPPING PRODUCTS TANKER 1 6,500

For additional information, please contact Ferliship @: Pza. Sta. M9 Soledad Torres Acosta, 2.

DWT DELIV PRICE M 5 OWNER OPERATOR SHIPYARD TYPE No DWT DELIV

NAVIGATOR INTERNATIONAL PRODUCTS TANKER 2 5,600 04

STOC TANKERS PRODUCTS TANKER 1 4,320 04 9

SAMHO SHIPPING PRODUCTS TANKER 1 3,400 04

BP SHIPPING PRODUCTS TANKER 5 3,000 04/05

HALUL OFFSHORE SERVICES SUPPORT VESSEL 1 04

NIPPON YUSEN KAISA (NYK) TANKER 1 300,000 05

NIPPON YUSEN KAISA (NYK) TANKER 1 300,000 05

CHINA SHIPPING GROUP (CSG) TANKER 1 298,000 05 66

TSAKOS SHIPPINGS TRADING TANKER 2 165,000 05

UNKNOWN TANKER 2 160,000 05

CTGM TANKER 1 155,000 05

SOPONATA TANKER 2 155,000 05 93

DYNACOM TANKER 3 153,000 06

BP SHIPPING TANKER 4 114,800 06

STENA BULK TANKER 3 112,000 05 147

MITSUI O.S.K. LINES (MOL) TANKER 1 110,000 06

VALLES STEAMSHIP CO TANKER 1 110,000 05 37

OATAR SHIPPING CO TANKER 2 110,000 05/06 73

JAPANESE INTERESTS TANKER 1 107,000 04

NIPPON YUSEN KAISA (NYK) TANKER 1 106,800 06

JAPANESE INTERESTS TANKER 2 106,000 04/05

NOVOSHIP TANKER 4 105,400 04/05

DRYTANK TANKER 1 105,000 05 37

STEALTH MARITIME TANKER 2 105,000 06 69

VALLES STEAMSHIP CO TANKER 1 105,000 05 36

PRIMORSK SHIPPING CORPORATION TANKER 1 105,000 05

UNKNOWN TANKER 2 93,230 06

DIAMANTIS LEMOS TANKER 2 75,000 05/06

EMIRATES NATIONAL OIL CO. TANKER 2 75,000 05 70

UNKNOWN TANKER 2 74,500 07

PLEIADES TANKER 2 61,000 05 56

C0NC0RDIIA MARITIME TANKER 4 49,900 05/06 140

DAIWA KISEN TANKER 1 4,998 04

C0GEMA TANKER 1 4,500 04

SUARDIAZ TANKER 1 3,000 04

KOMENAKA KAIUN TANKER 1 2,400 04

JAPANESE INTERESTS TANKER 1 2,000 03

JAPANESE INTERESTS TANKER 1 1 740 04

SOUTH KOREAN GOVT TRAINING VESSEL 1 05

UNKNOWN TUG 2 03

HADI AL HAMMAN TUG 1 04

SINGAPORE INTERESTS TUG 2 04 04/05 06 04 05 06 05 05 05 06 06 05 06 06 05/06 05 05/06 05 04 05/06 04 06 06 05/06 04 05 05 04 04/05 05 05/06 01 06 06 06/07 06 06 06 06/07 05 06 05 06 06/07 06 06 05/06 06 05 05 05 06 04 05/06 06 04 04 04/05 05/06 05 05 05 05 05 04/05 04 03 04 05 04/05 04 04 04/05 04 04 04 04 04 05 04 04 04/05 05 04 04 04 04 05 03 05 05 05 05 04 05 05 04/05 04/05 04/05 04 04 04 04 04/05 06 06 04 06 04 06/07 05 05 05 05 05/06 05 06 06 06 05 06 06 05 06 05 05 248 320 146 142 160 360 5 100 232 150 150 150 152

Recent Ship Sales

Type DWT YB Price (MS) DWT YB Price (MS)

Andhika Lorelo bulker 74,000 97 17

Anlwerpia bulker 68,000 90 12

Arizona Dream bulker 27,000 80 2.8

Atlantic Sovereign bulker 68,641 86 9.1

Brave Success bulker 42,000 94 12.2

China Merchant bulker 38,888 86 7.3

Chrismir bulker 159,829 97 36

Cic Mope bulker 149,735 95 26

Courageous bulker 149,190 95 26

Darya Shubh bulker 33,000 82 3.75

Diamond Halo bulker 45,000 96 15.5

Evoikos bulker 24,000 82 3.4

Glorious Success bulker 26,441 94 10.5

Harstad bulker 27,000 81 3.1

Iman bulker 49,228 82 5 lolcos Garnet bulker 31,000 82 3.4

Iron Chieftain bulker 50,000 93 18.5

Kalendrecht bulker 33,230 89 8.1

Kieldrecht bulker 33,230 89 8.1

Maqna Enerqy bulker 19,410 84 3.6

Mafe bulker 37,428 79 3

Matilde bulker 160,013 97 36

Noganita bulker 42,156 84 6

Navios Pioneer bulker 38,888 85 6.3

Pacific Governor bulker 43,222 95 13.25

Pacific Hero bulker 27,836 95 11

Papendrechl bulker 40,908 89 9

Pendrechl bulker 40,908 89 9

Safflower bulker 69,000 95 15.2

Sea Orion bulker 47,260 97 15.8

Sea Wisdom bulker 24,279 97 9.75

Shun Kim bulker 149,722 90 18.5

Sibulk Premier bulker 53,609 03 20.5

Sitria bulker 41,000 85 6.5

Star Sirius bulker 38,099 85 6.5

Susan S bulker 65,716 86 8

Tranquility bulker 34,681 82 2.2

United Purpose bulker 43,991 95 13.6

United Sage bulker 74,000 98 18.8

United Support bulker 74,000 99 19.8

Westwind bulker 24,900 83 4.08

World Ribbon bulker 74,000 98 19.3

World Rye bulker 74,000 99 20.25 238,000 87 16.9 260,000 93 24.4 22,000 87 12.5 323,000 79 14 322,000 83 18 134,430 87 10.75 299,000 95 48.5 39,990 84 6.4 18,000 82 2.8 37,000 01 27.5 29,900 92 10.8 259,999 88 17.1 96,967 87 12 98,215 87 12 261 90 24.3 68,000 92 22.5

Asian Progress tankei

Atlantic Ruby tankei

Bauska tankei

Berge Banker tankei

Berge Nisa tankei

Eastern Honor tankei

Evelyn Maersk tankei

Evros tanke

Galp Sines tankei

Kersaint tankei

Pro Victor tankei

Samco Europe tankei

Singapore Spirit tankei

Suaong Spirit tankei

Tsukubasan tankei

Varg tanke

Index Fleet Value

The Index Fleet Valuation is representative of the resale market for Bulk Carriers and Tankers as a whole. The Index Fleet consists of 1 5 vessels, nine

Bulk Carriers and six Tankers, of various size and ages. Fluctuations in the value of the world fleet are mirrored in the Index Fleet.

Current Market Value: $281.0

One Month Ago: $280.4

Six Months Ago: $267.1

One Year Ago: $227.3 5- M- $ £ M S 2

This report, compiled by Shipping Intelligence of New York (212) 997-0966, tracks the sale prices of secondhand bulk carriers and tankers.This report, compiled by Shipping Intelligence of New York (212) 997-0966, tracks the sale prices of secondhand bulk carriers and tankers. 96 Maritime Reporter & Engineering News