Page 59: of Maritime Reporter Magazine (June 2006)

June 2006 59

Age Profile for Combined Carriers

Mill. dwt - 1.1.2006

Year of build

Size -85 86-90 91-95 96-00 01-05 Total 10-69,999 1.1 0.3 0.0 0.0 0.0 1.4 70-119,999 2.5 0.2 1.8 1.2 0.0 5.6 120-199,999 0.9 0.5 1.4 0.0 0.2 3.0 200,000+ 0.2 1.5 0.0 0.0 0.0 1.7

Total 4.7 2.4 3.2 1.2 0.2 11.7 (Source: R.S. Platou Shipbrokers a.s., The Platou Report 2006, www.platou.com)

Second Hand Prices of 5 Year Old Bulk

Carriers

Mill. $

Start Handymax Panamax Capesize 1996 21.0 22.0 28.0 1997 19.0 19.0 25.0 1998 18.5 20.5 30.0 1999 13.0 14.0 23.5 2000 16.0 17.5 28.0 2001 15.5 16.0 27.0 2002 12.2 13.4 22.0 2003 14.8 16.5 27.5 2004 20.5 27.5 45.0 2005 31.0 38.0 64.0 2006 25.5 29.0 55.0 (Source: R.S. Platou Shipbrokers a.s., The Platou Report 2006, www.platou.com)

Second Hand Prices of 5 Year Old

Tankers

Mill. $

Start Mr Product Aframax Suezmax VLCC 1996 24.0 31.0 36.0 54.0 1997 24.0 32.0 38.0 60.0 1998 25.0 37.0 42.0 65.0 1999 16.0 26.0 36.0 47.0 2000 19.0 24.0 35.5 53.0 2001 25.5 41.0 49.0 70.0 2002 20.5 31.0 38.0 60.5 2003 21.0 28.0 37.0 52.0 2004 28.0 38.0 48.0 72.0 2005 39.0 56.0 71.5 106.0 2006 45.0 61.5 75.0 113.5 (Source: R.S. Platou Shipbrokers a.s., The Platou Report 2006, www.platou.com)

Age Profile for Bulk Carriers

Mill. dwt - 1.1.2006

Year of build

Size -85 86-90 91-95 96-00 01-05 Total 10-59,999 53.4 19.2 13.7 25.3 31.2 142.9 60-79,999 20.1 8.2 11.7 20.8 24.8 85.6 80,000+ 17.0 17.7 19.3 27.8 31.6 113.4

Total 90.5 45.2 44.8 74.0 78.6 341.9 (Source: R.S. Platou Shipbrokers a.s., The Platou Report 2006, www.platou.com) 4EMP&ILEPDF!- 4EMP&ILEPDF!-

Simplex-Compact ®

Seals

Made (only) in Germany

Sales, Spares & Service in North America Simplex Americas LLC (only) (908) 237 9099 info@simplexamericas.com

Circle 291 on Reader Service Card

Circle 255 on Reader Service Card

Circle 297 on Reader Service Card

Press release – Stellar Marine awarded ESP 1000 order for major vessels from BC Ferries May 24, 2006

Stellar Marine has entered into an agreement with B C Ferries to begin the installation of ESP 1000 speed pilots on the major vessels of it’s fleet. This follows the successful evaluation of an

ESP 1000 on the Queen of Alberni.

The BC Ferry Corporation operates the largest fleet of ferries in North America, and has chosen Stellar Marine’s ESP 1000 to assist in its efforts to reduce the impact of fuel costs on it’s operations as well as the reduction of greenhouse gas emissions.

Stellar Marine is a division of Stellar Research Corporation based in Nanaimo BC, has for the last 27 years developed and manufactured advance electronic equipment for the marine industry. The ESP 1000 is an engine control system that uses advanced computer technology to maximize propulsion efficiency while maintaining vessel’s operating requirements.

For over 10 years the ESP system has been used on vessels as small as 2,000 hp tugs all the way up to 65,000 hp container ships. www.stellarmarine.com 1-800-565-9339 www.t21m.com amarks@t21m.com

Sales Agent for Stellar Marine 250-616-6293

STELLAR MARINE ESP 1000 - PRESS RELEASE

Recent Ship Sales

Vessel Name Type Dwt Built Price

Antilles I Bulker 12235 2000 12.3

Antilles Ii Bulker 12235 2001 12.3

Theano K. Bulker 19020 1977 2.3

Dellagrazia Bulker 19409 1978 2.8

Global Sydney Bulker 20219 1990 8.5

Sterling Seas Bulker 24718 1977 3

Pantelis P Bulker 26354 1981 4.7

Ostria Breeze Bulker 27921 1981 5.2

Aurora Topza Bulker 28268 1982 5.2

East Ender Bulker 28300 2002 23

Helena Oldendorff Bulker 28354 1984 7.1

Moondance Bulker 28468 1986 10.4

Atlantic Venus Bulker 28685 2000 20.5

Sirocco Breeze Bulker 30413 1981 5.5

Paul Oldendorff Bulker 35116 2003 27

Fiora Topic Bulker 37179 1984 9

Holy Light Bulker 37680 1977 4.6

Astradance Bulker 37895 1986 10

Jin Shun Bulker 39728 1984 7.5

Sea Phoenix Bulker 40473 1985 8.4

Jin Da Bulker 41346 1986 9.7

Belgreeting Bulker 43549 1987 9.5

Tomahawk Bulker 45423 1997 22.5

Johann Oldendorff Bulker 46601 1995 20.5

Ocean Galaxy Bulker 46663 1997 22.5

Axios Bulker 47240 1997 22.5

Ocean Paradise Bulker 48256 1996 20.5

Artemis Ii Bulker 52055 2001 30.5

Marina Ii Bulker 52064 2001 30.5

Nord Bulker Bulker 52994 2003 32.5

Tenacity Bulker 63940 1984 9.5

New Horizon Bulker 66742 1984 8.5

Four Iron Bulker 67395 1987 12.5

Jurong Sea Bulker 69203 1983 8.5

Rubin Energy Bulker 69601 1993 21.3

Ayrton Ii Bulker 72561 2000 33

Oak Star Bulker 73740 1997 25.5

Kingston Trader Bulker 74242 1999 29.8

Atacama Bulker 75941 2001 34

Lake Sequoia Bulker 75955 2001 32.5

Sophia Bulker 76421 2002 34.6

Noble Dragon Bulker 149782 1994 31.5

Yusei Maru Tanker 5291 1989 3.5

Sun Tanker 29815 1993 12

Sea Lion Tanker 97002 1991 25

Hanne Knutsen Tanker 123851 2000 115

Somjim Tanker 160183 2001 74

Eton Tanker 162000 2006 90

Sunrise Iii Tanker 264165 1993 36

Hs Constance Tanker 285365 1994 46 (Source: Shipping INtelligence)

Daewoo Marine Wins $730M Order

Daewoo Shipbuilding and Marine

Engineering won a combined $730m orders to build four ships. They include liquefied natural gas re-gasification ves- sels (LNG-RV, or LNG carriers equipped with LNG terminals). The shipbuilder won a contract to build two LNG-RV with a capacity of 150,900 cu. m. for Belgium's

Exmar Marine N.V. and two large LPG vessels with a capacity of 83,000 cu. m. for Greece's Gulf Marine Management

S.A. The LNG-RV that Daewoo is to build is 291 x 43 x 26 m. They can make some 19.2 knots (36 km/h).

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