WEEKLY SHIPPING

MARKET REPORT WEEK 47

- 20th November – to 27th November 2012 -

Legal Disclamer

The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up to date, Shiptrade Services S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report.

Researched and compiled by: Shiptrade Services SA, Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions please contact: market-research@shiptrade.gr

Shiptrade Services SA Tel +30 210 4181814 snp@shiptrade.gr 1st Floor, 110/112 Notara Street Fax +30 210 4181142 chartering@shiptrade.gr 185 35 Piraeus, Greece www.shiptrade.gr tankerchartering@shiptrade.gr

1

Iran Operating World's Largest Floating Oil Terminal in Persian Gulf

Iran is running the world's largest floating oil terminal in the Persian Gulf near Bahregan field in Bushehr province, an oil official said, adding that the country can export over 2.2 million barrels of crude using the terminal. Managing-Director of the National Iranian Offshore Oil Company (NIOOC) Mahmoud Zirakchianzadeh said that Iran is operating the world's largest floating oil terminal in the Persian Gulf, adding that the terminal can handle exports of 2.2 million barrels of oil. The storage terminal is located near Bahregan oil field in the southern Bushehr Province. He also said that Iran will increase its oil storage capacity in the Persian Gulf by 8.1 million barrels with the construction of new storage facilities. "By the middle of the next (Persian calendar) year (beginning March 20, 2013), nearly 8.1 million barrels will be added to the crude oil storage capacity of Iran in the Persian Gulf," Zirakchianzadeh announced. Earlier, Iran had also announced plans to build a new oil terminal outside the Strait of Hormuz to protect its exports against potential problems in the Persian Gulf and to boost shipments of Caspian oil. Head of the Iranian Oil Terminals Company (IOTC) Pirouz Moussavi said in May that Iran plans to build a new export terminal at Bandar Jask, on the Sea of Oman coast of Iran. It would be connected to the Caspian Sea port of Neka using a 1 million barrel a day pipeline. Moussavi said the new terminal would enable Iran to export more oil from Caspian producers and provide a fall-back option for Iran's main export terminal at Kharg Island if there were any problems exporting Iran's own oil from the Persian Gulf. "In the event of any type of problem in exporting crude oil from the Kharg terminal, this terminal can provide back up for exports," he said. Moussavi said the planned terminal outside - would have a storage capacity of 20 million barrels and cost around $2.2 billion to build. Kharg has 22 million barrels of storage. (FNA)

China's economic growth well on recovery track

The HSBC Flash China Manufacturing Purchasing Managers' Index (PMI), a measure of factory activities, shot up to 50.4 in November from 49.5 in October, according to figures released by HSBC. It is the first time the non-official index jumped back to the expansionary territory in 13 months, as a reading above 50 suggests expansion, while a reading below 50 indicates contraction. The rise is consistent with the Chinese official PMI, which rose to 50.2 percent in October from 49.8 percent in September. Experts, taking this as a latest sign of recovery, say that China's economy is on the track of modest rebound and that the growth in the remainder of the year will be more robust so that it is all but certain the economic target set for 2012 will be achieved. CLEAR MOMENTUM FOR RECOVERY Analysts said that November was the slack season of manufacturing traditionally as the HSBC PMI in November dropped 1.4 percentage points month-on-month on average during the 2006 and 2011 period. However, the PMI figure this November jumped to a 13-month record high and bounced back above the expansion demarcation line, indicating that the manufacturing industry was not as bleak as it used to be. Experts say that the HSBC preliminary reading, which has increased for four months in a row, suggests that the manufacturing activity of small- and medium-sized enterprises has picked up. "The November flash reading of HSBC manufacturing PMI confirms again that the economic recovery continues to gain momentum toward the year end," said Qu Hongbin, chief economist for HSBC China.

Lian Ping, chief economist with the Bank of Communications, said, "The recently released economic data has been turning around, suggesting the economic growth is on the mend." "The Chinese economy is stabilizing and moving upwards," said Zhuang Jian, an economist at Asian Development Bank. Apart from the PMI reading, investment, export, consumption and industrial production in recent two months all had better performance, verifying the forecast for recovery, according to experts. ECONOMIC GROWTH PICKS UP China's gross domestic product (GDP) has dropped for seven consecutive quarters since 2011, but as the impetus for growth is on the rise, the GDP of the fourth quarter will take a turn for the better and the economic growth of the whole year will be around 7.8 percent, according to industry watchers. Chinese economy will rebound slightly and the year-on-year growth rate will rise to 7.7 percent to 7.8 percent in the fourth quarter from 7.4 percent in the third quarter, said Wang Yiming, deputy director of Macroeconomic Research Institute of the National Development and Reform Commission. The recovery has been underway since September due to a series of macroeconomic policies and recovering global market demand, said Zhang Liqun, a State Council Development Research Center analyst said. Internally, Lian Ping said, the domestic demand will pick up in the fourth quarter, thus further driving up the economic growth. And externally, as the European debt crisis got alleviated gradually and the situation of consumption, housing, employment and stock markets in the U.S. was improved, the global economic situation will be better than in the first half of the year, which will be conducive to the recovery of China's export industry. Therefore, Lian said, "In the short term, it will be all the more certain that the economic growth in the fourth quarter will be on the rise." He predicted that the economic growth in the fourth quarter will be between 7.8 percent and 8 percent, and the growth for the whole year will be around 8 percent. Taking into consideration of the continuation of the recovery in the fourth quarter, the economic growth in the next year will shore up to 8 percent to 8.5 percent. Ma Jun, Deutsche Bank's Chief Economist for Greater China, held the similar view, saying that although China's export was dim due to the dwindled demand from Europe and the U.S., stable economic growth was still predictable as the recent recovery didn't rely on the export. EASING POLICIES SHOULD CONTINUE TO BE IN PLACE At the same time, some analysts pointed out that the PMI sub-index on new orders only inched up 0.1 percentage points, demonstrating that the momentum for bouncing back is not very stable. Zhou Xiaochuan, governor of the People's Bank of China or the central bank, said that the global financial crisis will not be over soon, and new problems like the U.S. fiscal cliff will overcast the global economic development and bring more uncertainties to the Chinese economy. Qu Hongbin said that as China is at the early stage of recovery and the global economic growth is still fragile, a rosy prospect for external demand is too early to say. Moreover, the PMI reading of 50.4 was still lower than its average level of 51.7, and the sub-index on employment was below 50. Hence, Qu called for a continuation of policy easing from Chinese policymakers to avoid a W-shaped recovery, or double-dip recovery. His view was echoed by some other economists who believed that China should maintain liquidity via open market operations or reserve requirement ratio (RRR) cuts on the premise that inflation is well under control. Lian Ping said that the policies for stabilizing growth should continue to be implemented, among which the fiscal policy should be neither too tight nor too relax and doesn’t need to be adjusted dramatically for the time being. (Xinhua)

Shipping , Commodities & Financial News

2

In Brief: Atlantic increase in Capes – Panamaxes while Pacific remains steady. Capes: Atlantic was stable whereas Pacific rates decreased. Atlantic market was stable but Pacific followed downward trend with the BCI closing at 2288 points reported a decline of 59 points. In Atlantic basin, Tubarao/Qingdao route slightly decreased, yielding TCE at around USD 22,000 whereas fronthaul trade ex CONT/MED ended up at around USD 30,000 increased by USD 1,250. Same sentiment as on the fronthaul for the transantlantic round trips which closed at about USD 18,750 rising by USD 1,000. In the pacific market, Australian iron ore trade kept producing cargoes but the round trips closing at around USD 14,750 decreased by USD 2,000 mainly due to many available vessels at the area. Period fixed at around USD 10,750 for one year period. Panamax: Positive sentiment in both hemispheres. BPI index at the beginning of the week was at 902 points to finally close up by 111 points at 1013 on Friday. In the Atlantic region this week market faced a strong upward movement due to US coal and few ECSA grain orders as well. Transatlantic round voyages were reported closing at USD 8000-8500daily. Fronthaul trips ex US Gulf and fronthaul trips ex ECSA were fixed at around USD 14000-14500 plus a ballast bonus of USD 400K about. In the Pacific basin this was also a rather positive week although there was a lot of spotted tonnage reported. The usual coal requirements ex Indonesia and east Australia were seen fixing at about USD 8500 basis redelivery China. There were not a lot Nopac round trips reported. However we saw some fixtures at USD 9000 levels. There was again very little activity reported on the short period market, with some fixtures on 4/8 months basis at USD 7000-7750 levels daily. Supramax: Strong reaction in Atlantic. Positive in Pacific For second week in a row, the Atlantic Supramax market has shown a substantial recovery on the rates, taking advantage of the tonnage shortage in the region. Trips out of the USG towards the Continent/Med are paying around USD 11,500 whereas front hauls are being fixed at USD high teens with owners pushing for rates above USD 20,000. Due to the shortage in tonnage supply, the upward trend from the USG is expected to continue in December. Same situation in the ECSA market where a number of sugar and grain cargoes have been seen in the market for December and owners are keen to push for high rates. The Continent and Med market has not shown any improvement during the past week. Trips back to the USG pay approximately USD 3,250 whereas scrap from the Continent to Emed remains below USD 9,000. Some short period reaction from charterers has been shown after a while, but a very small number of businesses have been finalised so far. In the Pacific Basin, owners are pushing for higher rates taking advantage of the tonnage shortage of prompt stems, especially in the Indo coal, which remains for another week, the strongest feature of the market. For trips from Indonesia to India, large eco supras are being fixed at levels close to USD 12,000 bss delivery passing Singapore with the trend leading towards the USD 13,000 area depending on vessel's specs. For another consecutive week the India Iron Ore market has not shown any positive reaction with low volume of cargoes, with rates hovering in the USD 4,500 - 5,500 range. The S.Africa market too has been on the low side, with a very small volume of cargoes on the market. Small increase in short period requirements has been seen, with rates around USD 8,500 to 9,000 levels. Handysize: Slight improvement but still very low levels Index kept rising marginally throughout the week but this increase was not reflected on the physical market as well. To illustrate, the transatlantic round was still at around USD 6,500 levels. Coastal trips ex Argentina to N.Brazil/NCSA were paying USD 8,000 basis aps and sugar ex N.Brazil to Black Sea was done at USD 26 pmt. Less activity ex Continent with trips to Med paying around USD 5,5/6,000. Ex USG a fixture was reported at USD 7,000 for Caribs direction and another one at USD 8,500 aps USEC to Black Sea. Pacific round was done at USD 6,750 daily while owners could find USD 8,000 and maybe more for trips ex North China/Korea range to ECI. Positions opening PG/WCI could see around USD 5/6,000 for Far East. Period front was very quiet as the market does not allow numbers that make sense to owners.

Dry Bulk - Chartering

3

Baltic Indices – Dry Market (*Friday’s closing values)

Index Week 47 Week 46 Change (%)

BDI 1090 1036 5,21

BCI 2288 2347 -2,51

BPI 1013 886 14,33

BSI 724 674 7,42

BHSI 431 405 6,42

T/C Rates (1 yr - $/day)

Type Size Week 47 Week 46 Change (%)

Capesize 160 / 175,000 10750 11750 -8.51

Panamax 72 / 76,000 7750 7000 10,71

Supramax 52 / 57,000 9000 9000 0,00

Handysize 30 / 35,000 7000 7000 0,00

Average Spot Rates

Type Size Route Week 47 Week 46 Change %

Capesize 160 / 175,000

Far East – ATL 2000 2250 -11.11

Cont/Med – Far East 30000 28750 4.35

Far East RV 14750 16750 -11.94

TransAtlantic RV 18750 17750 5.63

Panamax 72 / 76,000

Far East – ATL -250 -500 -

ATL / Far East 14000 13500 3,70

Pacific RV 8500 7500 13,33

TransAtlantic RV 8000 4000 100,00

Supramax 52 / 57,000

Far East – ATL 5000 4500 11,11

ATL / Far East 10000 9500 5,26

Pacific RV 7750 7100 9,15

TransAtlantic RV 7750 7000 10,71

Handysize 30 / 35,000

Far East – ATL 4250 4000 6,25

ATL / Far East 11000 11250 -2,22

Pacific RV 6750 6500 3,85

TransAtlantic RV 6500 6250 4,00

Dry Bulk - Chartering

4

ANNUAL

SEPTEMBER 2012 – NOVEMBER 2012

Dry Bulk - Chartering

5

Dry Bulk - Chartering

Capesize Routes – Atlantic 2011 / 12

$0,00

$5.000,00

$10.000,00

$15.000,00

$20.000,00

$25.000,00

$30.000,00

$35.000,00

$40.000,00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46

C2 TUB/ ROT

C4RBAY /ROTC7 BOL/ ROT

C8 T/ARV

AVGALL TC

Capesize Routes – Pacific 2011 / 12

$0,00

$10.000,00

$20.000,00

$30.000,00

$40.000,00

$50.000,00

$60.000,00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49

C3 TUB /PRC

C5 WAUST /PRC

C9 CONT /FE

C10 FE R/V

Panamax Routes – Atlantic 2011 / 12

0

5000

10000

15000

20000

25000

30000

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49

P1A T/A RV

P2ACONT/FE

6

Dry Bulk - Chartering

Panamax Routes – Pacific 2011 /12

$5.000,00

$0,00

$5.000,00

$10.000,00

$15.000,00

$20.000,00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49

P3A FE R/V

P4 FE/CON

AVG ALL TC

Supramax Routes – Atlantic 2011 /12

0

5000

10000

15000

20000

25000

30000

35000

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49

S1A CON / FE

S1B BSEA / FE

S4A USG /CONT

S4B CONT /USG

S5 WAFR / FE

Supramax Routes – Pacific 2011 / 12

$0,00

$2.000,00

$4.000,00

$6.000,00

$8.000,00

$10.000,00

$12.000,00

$14.000,00

$16.000,00

$18.000,00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49

S2 FE R/V

S3 FE / CON

S7 ECI / CHI

AVG ALL TC

7

Due to Thanks Giving holidays, reports from the Tanker markets have not being received this week

VLCC: -

Suezmax: -

Aframax: -

Panamax: -

Products: -

Baltic Indices – Wet Market (*Friday’s closing values)

Index Week 47 Week 46 Change (%)

BCTI - 679 -

BDTI - 715 -

T/C Rates (1 yr - $/day)

Type Size Week 47 Week 46 Change (%)

VLCC 300.000 - 20,000 -

Suezmax 150.000 - 16,250 -

Aframax 105.000 - 13,500 -

Panamax 70.000 - 13,250 -

MR 47.000 - 12,750 -

Tanker - Chartering

8

Crude Tanker Average Spot Rates

Type Size (Dwt) Route Week 47 WS

Week 46 WS

Change %

VLCC

280,000 AG – USG - 30 -

260,000 W.AFR – USG - 50 -

260,000 AG – East / Japan - 49.5 -

Suezmax

135,000 B.Sea – Med - 62.5 -

130,000 WAF – USAC - 57.5 -

Aframax

80,000 Med – Med - 75 -

80,000 N. Sea – UKC - 85 -

80,000 AG – East - 95 -

70,000 Caribs – USG - 120 -

Product Tanker Average Spot Rates

Type Size (Dwt) Route Week 47 WS

Week 46 WS

Change %

Clean

75,000 AG – Japan - 120

55,000 AG – Japan - 129

38,000 Caribs – USAC - 165

37,000 Cont – TA - 120

Dirty

55,000 Cont – TA - 140

50,000 Caribs – USAC - 135

Tanker - Chartering

9

VLCC Trading Routes 2011 / 12

Suezmax Trading Routes 2011 / 12

Aframax Trading Routes 2011 / 12

Tanker - Chartering

10

Clean Trading Routes – 2011 / 12

Dirty Trading Routes – 2011 / 12

Tanker - Chartering

11

Continuing Stability

The Ships Sales & Purchase market has continued to show stability. Owners are seeing the Freight markets showing a more

positive momentum, however the rates are still on the low side. Furthermore, with the financial situation continuing to

show instability, vessels prices are still on a downward trend and the continuing lack of financing is also affecting this trend

further.

The Supramax M/V “Curia“ (51.000 dwt, built Oshima JPN 2001) has reportedly been committed for something in the high

USD 13 mill to Greek buyers.

UK based buyers have committed 2 Kamsarmaxes from Norden, namely M/V Nord Aquarius and Nord Aquila (82.000 dwt,

built Guangzhou CHN 2011) for USD 44 million en bloc.

In Shiptrade’s enquiry Index this week we have seen increasing interest for Handysize bulker built 90ies, with interest for

modern tonnages following. Handymax buyers where there for 90ies built tonnages as well. Buyers for supramaxes remain

in the same levels, however Panamaxes where of severe interest, especially tonnages built late 90ies and early 2000’s.

Buyers for Tankers have been getting keener also keen with interest for late 90ies and more modern tonnages increasing.

We have seen some more interest for Aframax tankers mostly for modern tonnages.

NEWBUILDINGS

In the newbuilding market, we have seen 0 vessels reported to have been contracted.

DEMOLITION

The Indian market continues to show poor figures as they remain with high priced purchases in a decreasing and

oversupplied market with exchange issues. Bangladesh buyers seem to be arising with some tonnages being diverted

towards their beaches. Pakistan is showing the same spirits as Bangladesh, being quite eager to absorb tonnages. China

seems to be making a comeback with their price levels showing a trend to approach those of India.

Sale & Purchase

12

Indicative Market Values – ( 5 yrs old / Mill $ )

Bulk Carriers

Week 47 Week 46 Change %

Capesize 34 34 0.00

Panamax 22 22 0.00

Supramax 19 19 0.00

Handysize 17 17 0.00

Tankers

VLCC 58 58 0.00

Suezmax 44 44 0.00

Aframax 27 27 0.00

Panamax 27 27 0.00

MR 23 23 0.00

Weekly Purchase Enquiries

SHIPTRADE P/E WEEKLY INDEX

0

50

100

150

200

250

300

350

27/1

2/2

011-9

/1/2

01

210-1

6/1

/2012

17-2

3/1

/2012

24-3

0/1

/2012

31/1

-6/2

/2012

7-1

3/2

/20

12

14-2

0/0

2/2

012

21-2

7/0

2/2

012

28/2

-5/0

3/2

012

6-1

2/0

3/2

012

13-1

9/0

3/2

012

20-2

6/0

3/2

012

27/3

-2/4

/2012

3-9

/4/2

01

210-1

6/4

/2012

17-2

3/4

/2012

24/4

-1/5

/2012

2-8

/5/2

01

29-1

5/5

/20

12

16-2

2/5

/2012

23-2

9/5

/2012

30/5

-5/6

/2012

6-1

2/6

/20

12

13-1

9/6

/2012

20-2

6/6

/2012

27/6

-3/7

/2012

4/7

-10/7

/2012

11/7

-17/7

/2012

18-2

4/7

/2012

25-3

1/7

/2012

1-7

/8/2

01

28-1

4/8

/20

12

15-2

1/8

/2012

22-2

8/8

/2012

29/8

-4/9

/2012

5-1

1/9

/20

12

12-1

9/9

/2012

19-2

5/9

/2012

26/9

-2/1

0/2

012

3-9

/10/2

012

10-1

6/1

0/1

217-2

3/1

0/1

224-3

0/1

0/1

231/1

0-6

/11/1

27-1

3/1

1/1

214-2

0/1

1/1

221-2

7/1

1/1

2

KOREA CHINA SPORE

KCS GREECE OTHER

SUM

Sale & Purchase

13

Reported Second-hand Sales

Bulk Carriers Name Dwt DoB Yard SS Engine Gear Price Buyer

Nord Aquila 82.000 2012 Guangzhou, CHN 01/2017 B&W - 44 mill En Bloc

UK Based Nord Aquirius 82.838 2011 Guangzhou, CHN 08/2016 B&W -

Curia 51.020 2001 Oshima, JPN 10/2015 B&W 4 X 30 T High 13 mill Greek

Tankers Name Dwt DoB Yard SS Engine Hull Price Buyer

Houyoshi Express 47.999 2004 Iwagi, JPN 03/2014 B&W DH Undisclosed Undisclosed

Diplomat 13.027 2007 Sekwang, KOR 04/2017 B&W DH 11 mill each En Bloc

Turkish Negotiator 13.012 2007 Sekwang, KOR 05/2007 B&W DH

Sale & Purchase

14

Newbuilding Orders

No Type Dwt / Unit Yard Delivery Owner Price

Newbuilding Prices (Mill $) – Japanese/ S. Korean Yards

Newbuilding Resale Prices

Bulk Carriers

Capesize 45 42

Panamax 31 29

Supramax 29 27

Handysize 23 21

Tankers

VLCC 93 85

Suezmax 60 58

Aframax 47 42

Panamax 40 37

MR 34 31

Newbuilding Resale Prices

Bulk Carriers (2008 – Today) Tankers (2008 – Today)

Newbuildings

15

Demolition Sales

Vessel Type Built Dwt Ldt Buyer Country Price Ilya GC 1984 7.276 5.074 India 413

Continental Tanker 1993 96.683 14.164 India 430

Ocean Lucky BC 1981 64.310 11.901 China 365

Yan Ping BC 1983 64.583 11.367 China 382

Sinokor Star Container 1988 4.472 2.055 China 365

Demolition Prices ($ / Ldt)

Bangladesh China India Pakistan

Dry 390 360 390 390

Wet 420 380 420 420

Demolition Prices

Bulk Carriers (2008 – Today) Tankers (2008 – Today)

Demolitions

16

Shipping Stocks

Commodities

Commodity Week 47 Week 46 Change (%) Brent Crude (BZ) 110,28 110,27 0,01

Natural Gas (NG) 3,75 3,77 -0,53

Gold (GC) 1745 1731 0,81

Copper 355,30 353,85 0,41

Wheat (W) 352,46 349,43 0,87

Dry Bulk

Company Stock Exchange Week 47 Week 46 Change % Baltic Trading Ltd (BALT) NYSE 3,05 2,89 5,54

Diana Shipping Inc (DSX) NASDAQ 7,64 7,24 5,52

Dryships Inc (DRYS) NASDAQ 1,72 1,70 1,18

Euroseas Ltd (ESEA) NASDAQ 1,03 1,05 -1,90

Excel Maritime Carriers (EXM) NYSE 0,45 0,45 0,00

Eagle Bulk Shipping Inc (EGLE) NASDAQ 2,42 2,46 -1,63

Freeseas Inc (FREESE) NASDAQ 0,17 0,20 -15,00

Genco Shipping (GNK) NYSE 2,62 2,59 1,16

Navios Maritime (NM) NYSE 3,58 3,53 1,42

Navios Maritime PTN (NMM) NYSE 13,57 13,64 -0,51

Paragon Shipping Inc (PRGN) NASDAQ 2,53 2,19 15,53

Star Bulk Carriers Corp (SBLK) NASDAQ 6,94 6,31 9,98

Seanergy Maritime Holdings Corp (SHIP) NASDAQ 1,48 1,55 -4,52

Safe Bulkers Inc (SB) NYSE 3,55 3,67 -3,27

Golden Ocean (GOGL) Oslo Bors (NOK) 4,37 4,31 1,39

Tankers Capital Product Partners LP (CPLP) NASDAQ 6,66 6,60 0,91

TOP Ships Inc (TOPS) NASDAQ 1,25 1,10 13,64

Tsakos Energy Navigation (TNP) NYSE 3,83 3,77 1,59

Other

Aegean Maritime Petrol (ANW) NYSE 4,93 4,90 0,61

Danaos Corporation (DAC) NYSE 2,90 2,90 0,00

StealthGas Inc (GASS) NASDAQ 7,28 7,08 2,82

Rio Tinto (RIO) NYSE 48,35 47,26 2,31

Vale (VALE) NYSE 17,52 17,11 2,40

ADM Archer Daniels Midland (ADM) NYSE 26,74 24,96 7,13

BHP Billiton (BHP) NYSE 70,92 68,76 3,14

Financial Market Data

17

Currencies

Week 47 Week 46 Change (%) EUR / USD 1,29 1,27 1,57

USD / JPY 82,40 81,31 1,34

USD / KRW 1085 1092 -0,64

USD / NOK 5,65 5,78 -2,25

Bunker Prices

IFO 380 IFO 180 MGO Piraeus 605 641 970

Fujairah 617 640 1025

Singapore 614 625 940

Rotterdam 594 615 930

Houston 607 677 1005

Port Congestion*

Port No of Vessels

China Rizhao 18

Lianyungang 44

Qingdao 70

Zhanjiang 29

Yantai 33

India

Chennai 3

Haldia 16

New Mangalore 11

Kakinada 11

Krishnapatnam 2

Mormugao 7

Kandla 34

Mundra 14

Paradip 13

Vizag 57

South America

River Plate 251

Paranagua 34

Praia Mole 23

* The information above exhibits the number of vessels, of various types and sizes, that are at berth, awaiting anchorage, at

anchorage, working, loading or expected to arrive in various ports of China, India and South America during Week 47 of year

2012.

Financial Market Data / Bunker Prices / Port Congestion