WEEKLY SHIPPING MARKET REPORT

WEEK 34
22nd August to 26TH August 2011 -

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

Shipping , Commodities & Financial News

India: Govt may further hike iron ore export duty The Government today said that it may further increase the export duty on iron ore to discourage exports in order to keep it for meeting the domestic demand.We have increased the export duty from five per cent to 20 per cent. We may increase it further, the Steel Minister, Mr Beni Prasad Verma, told the Lok Sabha during Question Hour. Mr Verma said the Government was discouraging the export of iron ore and trying to keep it for domestic consumption. Nearly 50 per cent of the iron ore produced in the country has been exported over the last three years. In 2008-09, 212.96 million tonnes of iron ore was produced of which 105.86 mt (49.7 per cent) was exported and in 2009-10, 218.64 mt ore was produced and 117.37 mt (53.7 per cent) was exported. Mr Verma said in 2010-11, the estimated production was 208.11 mt of which 97.66 mt (46.9 per cent) was marked for export. The production of iron ore in the country is about to double the consumption by the domestic iron and steel industry and therefore is sufficient to meet the present requirement of iron ore by the steel sector in the country, he said. As regards iron ore supply to PSUs, Steel Authority of India Ltd has its own captive mines which cater to its full requirement of iron ore. The Minister said the requirement of iron ore of other PSUs Rashtriya Ispat Nigam Ltd and KIOCL Ltd is fulfilled by National Mineral Development Corporation. (PTI)

JP Morgan Chase violated the Weapons of Mass Destruction Proliferators Sanctions Regulations by providing a $2.7m letter of credit in 2009 relating to a vessel sanctioned by the USs Office of Foreign Assets Control due to its affiliation with IRISL. The offending shipping deals conducted between 2009 and 2010 totalled $5.65m and involved transactions involving vessels subject to sanctions but the US has not given ship names or the exact nature of the offences. But they contravened an executive order signed by President George W Bush in mid-2005 designed to freeze organisations alleged to be involved in proliferation of nuclear weapons out of the international financial system. The big money deals that got JP Morgan Chase into hot water involved violations of prohibitions on deals with Cuba or Cuban nationals from late 2005 onwards with transactions with Sudan also cited in the settlement agreement. (Tradewinds)

Exxon Wins Russian Arctic Access in Deal Exxon Mobil Corp. (XOM) and OAO Rosneft, Russias largest oil producer, entered a partnership that may generate as much as $500 billion of investments, Prime Minister Vladimir Putin said. Exxon and Rosneft agreed on a $3.2 billion exploration project in Russias Arctic waters and Black Sea, the companies said today in a statement. The Moscow-based explorer may also gain projects in the Gulf of Mexico and Texas, Putin said today in Sochi. Exxon will explore the Arctic Kara Sea blocks that Rosneft had planned to develop with BP Plc (BP/) before that agreement fell apart earlier this year. Exxon Mobil Chief Executive Officer Rex Tillerson attended the signing between Neil Duffin, the companys president for development, and Rosneft CEO Eduard Khudainatov. Exxon and Rosneft signed on Jan. 27 a preliminary accord for a $1 billion exploration project in the Black Seas deepwater Tuapse Trough. (Bloomberg)

Iran deal costs bank dear A financial transaction involving one or more vessels linked to Islamic Republic of Iran Shipping Lines (IRISL) is among a large number of deal that have cost the JP Morgan Chase Bank an $88.3m penalty. The US has not released details of the sanctions busting deals relating to an IRISL affiliated vessel or vessels. The US bank has agreed to the costly settlement to avoid further action by Washington over the breaking of sanctions on Cuba, Iran and Sudan.

Dry Bulk - Chartering

In Brief: Market continued the upward movement since last week with indices moving further forward, even though at weeks closing some sectors seemed like losing the steam. All in all, BDI gained 26 points, BCI gained 22 points, BPI gained 24 points, BSI gained 34 points, and BHSI gained 17 points. Capes: Market continued its upward trend and pushed rates even higher. In the Atlantic rates Transatlantic and Fronthaul increased up to USD 18.000 per day and USD 39.000 per day, respectfully, but lack of tonnage towards weeks closing pushed Owners to discount on their ideas, and eventually week ended at levels of USD 15.000 per day for Transatlantic round, and USD 35.000 for Fronthaul. On the cargoes ex ECSA, rates improved further and reached as high as USD 27.25 pmt basis Tubarao/Qingdao. In the Pacific region, the market remained strong, with high activity supported from the iron ore majors, and about 15 vessels reported covered. Rates improved up to USD 10.10 pmt basis Dampier/Qingdao, but during weeks closing rates softened around USD 9.25 pmt. Panamax: Activity remained at high levels across both basins. In the Atlantic region, we saw many new inquiries coming into the market from N.Continent/Baltic which had a positive influence. Rates for Transatlantic round fluctuated between USD 14 -15.000 per day and eventually concluded at USD 14.800 per day towards weeks closing. On the Fronthaul trade, rates improved just a bit at USD 22.500 per day, but eventually dropped again at USD 22.000 per day at weeks closing. The Pacific market continued moving upwards, provided with a steady flow from Indonesia, while new cargoes from NOPAC and Australia came into the market. Rates for Pacific improved to USD 12.000 per day, while some fixtures concluded around USD 15.000 per day for vessels opening close to Indonesia. Supramax: Market tightened for prompt tonnage, and Charterers were eager to cover their requirements. In the Atlantic region, market was strong for prompt tonnage USG and Med/Bl.Sea. Many new cargoes entered the market and rates moved higher, and in some cases Supramaxes reported fixed at USD low 30s region for trip ex USG to F.East (M/V Patriot, 52454/04). On the ECSA, rates for trips back to Continent/Mediterranean were at USD 14-15.000 basis W.Africa delivery, while for trips to F.East some fixtures reported at USD 21.000per day, and USD 22.000per day basis W.Africa delivery at different occasions. In the pacific, market remained strong with many Charterers looking for vessels to cover before the Ramadan holidays, but towards weeks end, it got very quiet. Indonesia remained the driving force with coal and nickel ore to China, with some vessels reported fixed at levels between USD 15.000 per day up to USD 17.000per day. Handysize: Market followed the same trend. In the Atlantic basin we see fertilizers ex Mediterranean to ECSA, and many grain parcels ex Black Sea, with the majority of the cargoes destined for N.Africa, while there were also many going towards East. Also there are some steel parcels available for those who can consider G.O.A transit. On the ECSA market grain parcels were not plenty and same happens also with the sugar parcels. In the Pacific basin, Indonesia lead the way with many stems of coal to China and India. Rates improved, as an effect of the overall market improvement, and in some occasions many Owners were asking for USD 12-13.000 per day for trips to India / Bangladesh.

Dry Bulk - Chartering

Baltic Indices Dry Market (*Fridays closing values)

Index
BDI BCI BPI BSI BHSI

Week 34
1541 2346 1651 1387 667

Week 33
1462 2220 1609 1296 648

Change (%)
5,40 5,68 2,61 7,02 2,93

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

Type Capesize Panamax Supramax Handysize Size
160 / 175,000 72 / 76,000 52 / 57,000 30 / 35,000

Week 34
14500 12250 13250 11500

Week 33
13000 12000 13000 11200

Change (%)
11,54 2,08 1,92 2,68

Average Spot Rates

Type
Capesize

Size
160 / 175,000

Route
Far East ATL
Cont/Med Far East

Week 34
1800
35100

Week 33
200
30000

Change %
800,00 17,00 21,49 7,86 4,35 -0,45 8,65 0,68 2,56 1,50 5,83 1,25 5,26 3,27 9,76 18,28

Panamax

72 / 76,000

Supramax

52 / 57,000

Handysize

30 / 35,000

Pacific RV TransAtlantic RV Far East ATL ATL / Far East Pacific RV TransAtlantic RV Far East ATL ATL / Far East Pacific RV TransAtlantic RV Far East ATL ATL / Far East Pacific RV TransAtlantic RV

14700 15100 4800 21900 11300 14800 8000 20300 12700 16200 6000 15800 9000 11000

12100 14000 4600 22000 10400 14700 7800 20000 12000 16000 5700 15300 8200 9300

Dry Bulk - Chartering

ANNUAL

JUNE 2011 AUGUST 2011

Dry Bulk - Chartering

Capesize Routes Atlantic 2010 / 11

C2 TUB / ROT $60.000,00 $50.000,00 $40.000,00 $30.000,00 $20.000,00 $10.000,00 $0,00 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 C4 RBAY / ROT C7 BOL / ROT C8 T/A RV AVG ALL TC

Capesize Routes Pacific 2010 / 11

$80.000,00 $70.000,00 $60.000,00 $50.000,00 $40.000,00 $30.000,00 $20.000,00 $10.000,00 $0,00 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 C5 W AUST / PRC C9 CONT / FE C10 FE R/V C3 TUB / PRC

Panamax Routes Atlantic 2010 / 11

$40.000,00 $35.000,00 $30.000,00 $25.000,00 $20.000,00 $15.000,00 $10.000,00 $5.000,00 $0,00 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 P2A CONT/FE P1A T/A RV

Dry Bulk - Chartering

Panamax Routes Pacific 2010 /11

P3A FE R/V $30.000,00 $25.000,00 $20.000,00 AVG ALL TC $15.000,00 $10.000,00 $5.000,00 $0,00 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 P4 FE/CON

Supramax Routes Atlantic 2010 /11

$40.000,00 $35.000,00 $30.000,00 $25.000,00 $20.000,00 $15.000,00 $10.000,00 $5.000,00 $0,00

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

S1A CON / FE S1B BSEA / FE S4A USG / CONT S4B CONT / USG S5 WAFR / FE

Supramax Routes Pacific 2010 / 11

$35.000,00 $30.000,00 $25.000,00 $20.000,00 $15.000,00 $10.000,00

S2 FE R/V S3 FE / CON S6 FE / INDI S7 ECI / CHI AVG ALL TC

$5.000,00 $0,00 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

Tanker - Chartering

In Brief: Last Friday Federal Reserve Chairman Ben S. Bernanke expressed his optimism about the future growth of the U.S. economy, in an attempt to calm investors fears. As a result, oil prices rose on the back of speculation of recovery. Finally, Irene, which dropped to tropical storm status before making landfall in New York, is expected to cost about $3 billion to cover U.S. damage, while total economic losses are estimated to reach $7 billion, according to Kinetic Analysis Corp. VLCC: As expected, considerably fewer cargoes were finally concluded during August in the Middle East Gulf, less than any other month so far this year, putting downward pressure to rates for movements both Westbound and Eastbound. Owners are looking now to China whose demand is reported to have picked up again. Another slow week in West Africa that left rates unchanged yet again. Suezmax: The week started positively for Suezmaxes in West Africa but by the end of it the lack of new enquiries resulted in further losses by a couple of worldscale points. The market in the Black Sea remained stable and no significant changes were noticed. Aframax: Overall, a bad week was reported for Aframaxes that suffered substantial losses in major markets. Rates in the Mediterranean lost further ground with no signs for recovery any time soon. Same picture in the North Sea where the tonnage list keeps growing. Oversupply caused rates in the Middle East Gulf to drop further by WS 10 points, while similarly in the Caribbean rates lost ground on the back of abundant supply. Products: Rates for LR2s in the Middle East Gulf for Japan options held steady for one more week, while LR1s continued their impressive upward momentum reaching a record high this year. After a spike last week, MRs in the Caribbean seemed to calm down, whereas Panamaxes in the area benefited from strong demand. Things remained relatively steady on the continent for transatlantic runs for both MRs and Panamaxes.

Baltic Indices Wet Market (*Fridays closing values)

Index BCTI BDTI Week 34 695 693 Week 33 695 689 Change (%)
0,00 0,58

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

Type VLCC Suezmax Aframax Panamax MR Size 300.000 150.000 105.000 70.000 47.000 Week 34 20000 16500 14500 15000 14000 Week 33 22250 17500 15250 15000 14000 Change (%)
-10,11 -5,71 -4,92 0,00 0,00

Tanker - Chartering

Crude Tanker Average Spot Rates

Type Size (Dwt) 280,000 VLCC 260,000 260,000 135,000 Suezmax 130,000 80,000 Aframax 80,000 80,000 70,000
WAF USAC Med Med N. Sea UKC AG East Caribs USG 64 88 95 105 98 67.5 90 97.5 115 105
-5,19 -2,22 -2,56 -8,70 -6,67

Route
AG USG W.AFR USG AG East / Japan B.Sea Med

Week 34 WS
34 47.5 46 72

Week 33 WS
35 47.5 47.5 72.5

Change %
-2,86 0,00 -3,16 -0,69

Product Tanker Average Spot Rates

Type Size (Dwt) 75,000 Clean 55,000 38,000 37,000 55,000 Dirty 50,000
Caribs USAC 140 112.5
24,44

Route
AG Japan AG Japan Caribs USAC Cont TA Cont TA

Week 34 WS
125 154 165 145 115

Week 33 WS
125 145 170 150 110

Change %
0,00 6,21 -2,94 -3,33 4,55

Tanker - Chartering

VLCC Trading Routes 2010 / 11

90 80 70 60 50 40 WAFR - USG 30 20 10 0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 AG EAST JAPAN AG - USG

Suezmax Trading Routes 2010 / 11

160 140 120 100 80 60 40 20 0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 B. SEA - MED WAF USAC

Aframax Trading Routes 2010 / 11

200 180 160 140 120 100 80 60 40 20 0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 AG - EAST N.SEA - UKC MED - MED

CARIBS USG

Tanker - Chartering

Clean Trading Routes 2010 / 11

300 250 200 AG - JAPAN (75,000)

AG - JAPAN (55,000)

150 100 50 0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 CARIBS - USAC (38,000)

CONT - TA (37,000)

Dirty Trading Routes 2010 / 11

250

200 CONT - TA (55,000) 150

100

CARIBS USAC (50,000)

50

0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

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Sale & Purchase

Increased Activity..

Highlights of the week are: More S&P transactions regarding Bulk carriers have been reported during the previous week, this time regarding 90s built Capesize Bulk carriers. The one was purchased from the Restis Group another from Sinokor. The Top ships owned 2000 Built Panamax Bulk carrier Cyclades is reportedly committed for region USD 20.5 mill and the Cosco owned Handymax Bulk Carrier Sea Banian Built 2000 has been reported sold for USD high 18 mill.

Demand for vessel acquisitions has remained in the same levels, with interest from the Far East remaining strong for 80ies built Dry tonnage of Handy-Handymax-Panamax vessels as well as more modern ones. Nevertheless, the interest seems to have increased slightly regarding larger tonnages both in the Dry and in the Wet sector, with inquiries for modern Capesizes and VLCCs showing signs slightly increasing demand. Regarding the general interest for Tankers, it has remained the same as the previous week.

NEWBUILDNGS In the newbuldings market, we have seen 7 vessels reported to have been contracted. 6 Bulk carriers ( Kamsarmax ) 1 LNG (155.000 CBM)

DEMOLITION This week continued the weakening trend and indicative prices softened further. Bangladeshi and Indian buyers were not very eager to discuss for new tonnages. Pakistani buyers were not eager to discuss and offer on previous levels and followed the weakening trend. The Chinese market remained stable with some buyers discussing vessels for deliveries in South China.

11

Sale & Purchase

Indicative Market Values ( 5 yrs old / Mill $ )

Bulk Carriers Capesize Panamax Supramax Handysize VLCC Suezmax Aframax Panamax MR
Week 34 40 27 26 21 Week 33 40 27 26 21 80 54 41 34 26 Change %
-

Tankers
80 54 41 34 26

Weekly Purchase Enquiries

12

Sale & Purchase

Reported Second-hand Sales

Bulk Carriers
Name
Ocean Crest Santa Isabel Cyclades Conti Spinnell Sea Banian Century Seymor

Dwt
168.968 158.387 75.681 75.200 45.724 16.190

DoB
1998 1996 2000 2011 2000 2001

Yard
Samsung. KR Sasebo, JPN Sanoyas, JPN Penglai, CHN Tsuneishi, JPN Shin Kochi, JPN

SS
02/2013 07/2016 06/2015 01/2015 07/2016

Engine
B&W B&W B&W B&W B&W Mit

Gear
4 X 25 T 4 X 30 T

Price
19 mill 17.2 mill 20.5 mill 30.3 mill 18.9 mill 10.9 mill

Buyer
Enterprises Shipping & Trading Sinokor Greek Undisclosed Greek Ukranian

Tankers
Name
Atlantic Galaxy Box Gorkem Bey Clipper Bordeaux Oralake

Dwt
115.583 50.577 7.003 3.491 2.813

DoB
2005 2009 2008 2006 2004

Yard
Sanoyas, JPN SPP, KR UmoGemi, TRK Rouse, BULG Celiktrans, TRK

SS
05/2015 14/2014 07/2013 01/2016 03/2014

Engine
B&W B&W MAK B&W Cat

Hull
DH DH DH DH DH

Price
34.85 mill (Via Auction) 35.5 mill 9 mill Undisclosed 5 mill

Buyer
Schulte Pyxis Borealis Chilean Ramawa

Containers
Name
Merkur Beach Bunga Kenari SITC Moderation

TEU
1.729 1.351 917

DoB
1996 1991 2009

Yard
Szczecin, POL CSBC, CHN Sainty, CHN

SS
02/2016 01/2016 12/2014

Engine
Sul B&W MAK

Gear
3 X 40 T -

Price
Undisclosed Undisclosed 25 mill

Buyer
Undisclosed Bintika Bangunusa Chinese

13

Newbuildings

Newbuilding Orders
No
1 1+4 1

Type
BC BC LNG

Dwt / Unit
82.000 82.000 155.000

Yard
New Times South Korean Samsung

Delivery
2013 2012/2014 2014

Owner
Da Tong Navios GasLog

Price
33-34 35 -

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

Newbuilding Bulk Carriers 50 34 31 24 Tankers 98 65 47 45 34 Resale Prices 51 37 34 26 100 66 48 46 36

Capesize Panamax Supramax Handysize VLCC Suezmax Aframax Panamax MR

Newbuilding Resale Prices

Bulk Carriers (2008 Today)
$180,00 $160,00 $140,00 $120,00 $100,00 $80,00 $60,00 $40,00 $20,00 $0,00
DecemberDecemberDecemberAugust-08 August-09 August-10 April-08 April-09 April-10 April-11
HANDYSIZE SUPRAMAX PANAMAX CAPESIZE

Tankers (2008 Today)

$250,00 $200,00 $150,00 $100,00 $50,00 $0,00
DecemberDecemberDecemberAugust-08 August-09 August-10 April-08 April-09 April-10 April-11
VLCC SUEZMAX AFRAMAX LR 1 MR

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Demolitions

Demolition Sales
Vessel
Drummond Voyage Seda Sea Trinity

Type
BC Reefer BC

Built
1982 1985 1987

Dwt
94.994 9.360 89.618

Ldt
17.856 7.262 17.195

Buyer Country
India India China

Price
535 (400 450 Tons IFO ROB) 532 (200 Tons IFO ROB) 460 (as is Dalian with 200 Tons IFO ROB)

Demolition Prices ($ / Ldt)

Bangladesh Dry Wet
500 525

China
450 465

India
505 525

Pakistan
485 510

Demolition Prices
Bulk Carriers (2008 Today) Tankers (2008 Today)

800 700 600 500

$ / Ldt

800

Bangladesh

700 600 Bangladesh China India Pakistan

China
$ / Ldt

500 400 300 200

400 300 200 100 0

08 Au g0 8 De c0 8 Ap r il 09 Au g0 9 De c0 9 Ap r1 0 Au g1 0 De c1 0 Ap r il 11 Ap r il

India

Pakistan
100 0
08 Au g0 8 De c0 8 Ap ril 09 Au g0 9 De c0 9 Ap r1 0 Au g1 0 De c1 0 Ap ril 11 Ap ril

15

Financial Market Data

Shipping Stocks
Dry Bulk Stock Exchange
NYSE NYSE NASDAQ NASDAQ NASDAQ NYSE NASDAQ NASDAQ NYSE NYSE NYSE NASDAQ NASDAQ NASDAQ NYSE Oslo Bors (NOK)

Company
Baltic Trading Ltd (BALT) Crude Carriers Corp (CRU) Diana Shipping Inc (DSX) Dryships Inc (DRYS) Euroseas Ltd (ESEA) Excel Maritime Carriers (EXM) Eagle Bulk Shipping Inc (EGLE) Freeseas Inc (FREE) Genco Shipping (GNK) Navios Maritime (NM) Navios Maritime PTN (NMM) Paragon Shipping Inc (PRGN) Star Bulk Carriers Corp (SBLK) Seanergy Maritime Holdings Corp (SHIP) Safe Bulkers Inc (SB) Golden Ocean Capital Product Partners LP (CPLP) General Maritime (GMR) Omega Navigation Enterprises (ONAV) TOP Ships Inc (TOPS) Tsakos Energy Navigation (TNP) Aegean Maritime Petrol (ANW) Danaos Corporation (DAC) StealthGas Inc (GASS) Rio Tinto (RTP) Vale (VALE) ADM Archer Daniels Midland (ADM) BHP Billiton (BHP)

Week 34
4,44 8,39 8,40 2,73 3,69 1,75 1,92 1,17 5,85 3,57 15,07 1,28 1,37 3,29 6,84 4,22 6,51 0,39 0,32 2,40 6,18 4,85 3,65 4,01 58,22 26,93 27,80 81,96

Week 33
4,09 8,12 8,04 2,74 3,68 1,67 1,80 1,02 6,03 3,12 14,50 1,35 1,43 3,15 6,89 4,15 6,30 0,51 0,27 2,01 6,35 4,46 3,73 4,08 55,90 25,63 27,52 77,61

Change %
8,56 3,33 4,48 -0,36 0,27 4,79 6,67 14,71 -2,99 14,42 3,93 -5,19 -4,20 4,44 -0,73 1,69 3,33 -23,53 18,52 19,40 -2,68 8,74 -2,14 -1,72 4,15 5,07 1,02 5,60

Tankers
NASDAQ NYSE NASDAQ NASDAQ NYSE

Other
NYSE NYSE NASDAQ NYSE NYSE NYSE NYSE

Commodities
Commodity
Brent Crude (BZ) Natural Gas (NG) Gold (GC) Copper (LME) Wheat (W)

Week 34
111 3,80 1799 4,12 347

Week 33
109 3,96 1886 3,99 331

Change (%)
1,83 -4,04 -4,61 3,26 4,83

16

Financial Market Data / Bunker Prices / Port Congestion

Currencies
Week 34
EUR / USD USD / JPY USD / KRW USD / NOK 1,4497 76,60 1079 5,36

Week 33
1,43 76,52 1087 5,46

Change (%)
1,38 0,10 -0,74 -1,83

Bunker Prices
IFO 380
Piraeus Fujairah Singapore Rotterdam Houston 638 665 652 647 640

IFO 180
671 685 662 647 675

MGO
968 1065 929 965 960

Port Congestion*
Port China
Rizhao Lianyungang Qingdao Zhanjiang Yantai 31 30 36 15 15

No of Vessels

India
Chennai Haldia New Mangalore Kakinada Krishnapatnam Mormugao Kandla Mundra Paradip Vizag South America River Plate Paranagua Praia Mole 329 88 13 5 14 7 5 4 6 6 5 13 26

* 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 34 of year 2011.

17