WEEKLY S&P MARKET REPORT

Week Ending: April 02nd 2021 (Week 13 Report No: 13.21)

(Given in good faith but without guarantee)

This Report/Analysis is distributed for the primary use of GOLDEN DESTINY’S subscribers and should not be redistributed to any third parties without the written
consent of GOLDEN DESTINY. An extraction of market information from GOLDEN DESTINY’S Reports/Analysis is allowed only when GOLDEN DESTINY is
mentioned as a source.

WEEKLY S&P ACTIVITY

VESSELTYPE SECOND HAND DEMOLITION TOTAL %w-o-w
Units ($) Invested Capital Units in DWT Units SH DEMO
Bulkcarriers 15 353,900,000 0 0 15 -50% -100%
Tankers 8 208,050,000 7 776,218 15 -20% 133%
Gas Tankers 2 48,500,000 0 0 2 0% -100%
General Cargo 0 0 0 0 0 -100%
Containers 8 75,650,000 0 0 8 -27% -100%
Reefers 0 0 0 0 0
Passenger / Cruise 0 0 0 0 0
Ro - Ro 0 0 0 0 0
Car Carrier 0 0 0 0 0
Combined 0 0 0 0 0
Special Projects 0 0 0 0 0
TTL VSLS/Demo 33 686,100,000 7 776,218 40 -39% 0%
7 S&P deal(s) reported at an undisclosed price

WEEKLY NEWBUILDING ACTIVITY

Vessel Type Units in DWT Invested Capital P&C %w-o-w

Bulkcarriers 4 311,900 25,200,000 3 -64%
Tankers 4 480,000 192,000,000 0 -50%
Gas Tankers 0 0 0 0 -100%
General Cargo 0 0 0 0
Containers 42 5,526,000 4,318,000,000 4 83%
Reefers 0 0 0 0
Passenger / Cruise 0 0 0 0
Ro-Ro 0 0 0 0
Car Carrier 0 0 0 0
Combined 0 0 0 0
Special Projects 0 0 0 0
TOTAL 50 6,317,900 4,535,200,000 7 2%

 The estimated invested capital does not include deals reported at an undisclosed secondhand sale or newbuilding price.
 P&C: deals reported as private and confidential with no disclosed details for the secondhand sale or newbuilding price.
RESEARCH & VALUATION snv@goldendestiny.com

BULK CARRIERS US$/Dwt

MP THE HARRISON 208,000 DWT BLT 21 CHR 9 HO HA MAN-B&W 20,572 BHP
MP THE KRAFT 208,000 DWT BLT 20 CHR 9 HO HA MAN-B&W 20,572 BHP
MR THE VINATIERI 208,000 DWT BLT 21 CHR 9 HO HA MAN-B&W 20,572 BHP
MP THE BRUSCHI 208,000 DWT BLT 20 CHR 9 HO HA MAN-B&W 20,572 BHP

SOLD ENBLOC FOR ABT US $54.50 MIL EACH TO CHINESE BYRS 262.02

SHIN NICHIHO 203,180 DWT BLT 05 JPN 9 HO HA MAN-B&W 21,781 BHP

SOLD FOR ABT US $16.5 MIL TO CHINESE BYRS 81.21

BOTTIGLIERI GIULIO BORRIELLO 93,258 DWT BLT 11 CHR 7 HO HA MAN-B&W 18,436 BHP
SOLD FOR AN UNDISCLOSED PRICE TO UNDISCLOSED BYRS N/A

KING PEACE 79,025 DWT BLT 11 CHR 7 HO HA MAN-B&W 15,037 BHP

SOLD FOR ABT US $10.95 MIL TO GREEK BYRS. SS/DD FRESHLY PASSED 138.56

DARWIN 75,966 DWT BLT 02 JPN 7 HO HA B&W 12,250 BHP

SOLD FOR ABT US $9.8 MIL TO UNDISCLOSED BYRS 129.01

PRINCESS ATHENA 75,729 DWT BLT 04 JPN 7 HO HA B&W 12,200 BHP

SOLD FOR ABT US $10.5 MIL TO UNDISCLOSED BYRS 138.65

SAGE DANUBE 63,296 DWT BLT 12 CHR 5 HO HA CR 4 x 30 T MAN-B&W 11,285 BHP

SOLD FOR ABT US $17.2 MIL TO INDIAN BYRS 271.74

YVONNE 56,557 DWT BLT 08 JPN 5 HO HA CR 4 x 30 T WARTSILA 12,087 BHP

SOLD FOR ABT US $12.15 MIL TO UNDISCLOSED BYRS. DD DUE 08/2021 214.83

EVER PRECIOUS 56,140 DWT BLT 12 JPN 5 HO HA CR 4 x 30 T MAN-B&W 12,889 BHP

SOLD FOR ABT US $15.8 MIL TO UNDISCLOSED BYRS 281.44

SIDER SYROS 36,844 DWT BLT 16 JPN 5 HO HA CR 4 x 30 T MAN-B&W 8,661 BHP

SOLD FOR ABT US $19 MIL TO ITALIAN BYRS 515.69

VOGE EMMA 36,839 DWT BLT 11 KRS 5 HO HA CR 4 x 30 T MAN-B&W 10,686 BHP

SOLD FOR ABT US $14.5 MIL TO UNDISCLOSED BYRS 393.60

FJ EMERALD 28,193 DWT BLT 10 JPN 5 HO HA CR 4 x 30.5 T MAN-B&W 7,954 BHP

SOLD FOR ABT US $9.5 MIL TO VIETNAMESE BYRS 336.96

57 AKTI MIAOULI 18536, PIRAEUS GREECE TEL: +30 210 4295000

EMAIL: snv@goldendestiny.com WEBSITE: www.goldendestiny.com
RESEARCH & VALUATION snv@goldendestiny.com

TANKERS US$/Dwt
ARGIRONISSOS 109,900 DWT BLT 18 CHR DH 12 TNKS OIL CAP. 122,290 CBM MAN-B&W 18,355 BHP
SALAMINA 109,898 DWT BLT 18 CHR DH 12 TNKS OIL CAP. 122,290 CBM MAN-B&W 18,355 BHP

SOLD ENBLOC FOR ABT US $41.00 MIL EACH TO UK BYRS.ICE 1A 373.07

JIANGSU NEWYANGZI YZJ2015-2204 49,600 DWT DELY 21 CHR DH 12 TNKS OIL CAP. 51,000 CBM MAN-B&W 9,844 BHP
JIANGSU NEWYANGZI YZJ2015-2203 49,600 DWT DELY 21 CHR DH 12 TNKS OIL CAP. 51,000 CBM MAN-B&W 9,844 BHP

SOLD ENBLOC FOR ABT US $31.50 MIL EACH TO DANISH BYRS 635.08

NAVIG8 TURMALINE 49,513 DWT BLT 16 KRS DH 16 TNKS OIL CAP. 45,972 CBM MAN-B&W 9,725 BHP
SOLD FOR ABT US $30.7 MIL TO DANISH BYRS. PURCHASE OPTION 620.04

NORD IMAGINATION 48,006 DWT BLT 09 JPN DH 16 TNKS COATED - COILED OIL CAP. 52,691 CBM MAN-B&W 12,889 BHP
SOLD FOR ABT US $14 MIL TO UNDISCLOSED BYRS. 291.63

NORD INSPIRATION 47,987 DWT BLT 10 JPN DH 16 TNKS COATED - COILED OIL CAP. 52,693 CBM MAN-B&W 12,889 BHP
SOLD FOR ABT US $15.75 MIL TO MONACO BASED BYRS 328.21

GP B3 6,191 DWT BLT 10 CHR DH 10 TNKS COATED - COILED OIL CAP. 6,580 CBM HYUNDAI HIMSEN 3,562 BHP
SOLD FOR ABT US $2.6 MIL TO UNDISCLOSED BYRS. AUCTION SALE 419.96

CONTAINERS US$/Teu
CSAV TRAIGUEN 116,384 DWT BLT 13 RUM 8 HO HA 8,704 TEU MAN-B&W 64,486 BHP
CSAV TOCONAO 116,079 DWT BLT 13 RUM 8 HO HA 8,704 TEU MAN-B&W 64,486 BHP
CSAV TYNDALL 116,058 DWT BLT 14 RUM 8 HO HA 8,704 TEU MAN-B&W 64,486 BHP

SOLD ENBLOC FOR AN UNDISCLOSED PRICE TO UNDISCLOSED BYRS N/A

GULF BRIDGE 102,518 DWT BLT 11 KRS 8,586 TEU WARTSILA 93,323 BHP
SOLD FOR ABT US $50 MIL TO US BYRS.AGAINST TC. 5,823

HANSA FALKENBURG 23,415 DWT BLT 08 CHR 5 HO 1,740 TEU MAN-B&W 22,667 BHP
SOLD FOR ABT US $11.75 MIL TO TAIWANESE BYRS 6,753

A ROKU 21,935 DWT BLT 08 JPN 1,708 TEU MAN-B&W 21,509 BHP
SOLD FOR ABT US $13.9 MIL TO THAI BYRS 8,138

CSCL OSAKA 12,562 DWT BLT 08 CHR 7 HO HA 908 TEU MAN-B&W 10,686 BHP
SOLD FOR AN UNDISCLOSED PRICE TO UNDISCLOSED BYRS N/A

CSCL YOKOHAMA 12,550 DWT BLT 09 CHR 7 HO 908 TEU MAN-B&W 10,686 BHP
SOLD FOR AN UNDISCLOSED PRICE TO UNDISCLOSED BYRS N/A

GAS TANKERS US$/Cbm

LOTUS GAS 53,067 DWT BLT 08 JPN DB GAS CAP. 78,582 CBM MAN-B&W 21,509 BHP
SOLD FOR ABT US $48.5 MIL TO INDIAN BYRS 617.19

QUEEN ISABELLA 12,217 DWT BLT 96 ITL DB COATED GAS CAP. 10,307 CBM B&W 7,603 BHP
SOLD FOR AN UNDISCLOSED PRICE TO UAE BYRS N/A

57 AKTI MIAOULI 18536, PIRAEUS GREECE TEL: +30 210 4295000

EMAIL: snv@goldendestiny.com WEBSITE: www.goldendestiny.com
RESEARCH & VALUATION snv@goldendestiny.com

NEWBUILDING MARKET ORDERS

BULK CARRIERS
Units Dwt Contractor Country Builder Country Dely Price($)/unit
2 85,000 Seacon PRC CSSC Huangpu PRC 2023 N/A
Options declared. Now total four on order at this yard
1 82,000 Misuga Kaiun JPN NACKS PRC 2022 N/A

1 59,900 Wuhu Changneng PRC New Dayang PRC 2023 $25.2 mil

TANKERS
Units Dwt Contractor Country Builder Country Dely Price($)/unit

2 158,000 Centrofin GR Samsung SKR 2023 $58 mil

Options declared. Now total five on order at this yard. Scrubber fitted
1 114,000 Aegean GR Cosco Yangzhou PRC 2023 $42 mil
Option declared. Now total three on order at this yard
1 50,000 Island Navigation HK STX Offshore SKR 2022 $34 mil

CONTAINERS
Units Dwt Contractor Country Builder Country Dely Price($)/unit
3 +3 150,000 Seaspan CAN Hudong Zhonghua PRC 2024 $115 mil
15,000 TEU.Scrubber fitted
3 +3 150,000 Seaspan CAN Jiangnan PRC 2024 $115 mil
15,000 TEU.Scrubber fitted
20 150,000 Evergreen TWN Samsung SKR 2025 $125 mil
15,000 TEU.Scrubber fitted
2 +2 150,000 JP Morgan US HHI SKR 2024 N/A
15,000 TEU. LOI. Against TC
3 +3 130,000 CMA CGM FR Hudong Zhonghua PRC 2024 $140 mil
13,000 TEU.LNG fuelled only
3 +3 130,000 CMA CGM FR Jiangnan PRC 2024 $140 mil
13,000 TEU.LNG fuelled only
6 83,000 Delphis NV BEL Qingdao Yangfan PRC 2023 $48 mil
6,000 TEU.Options declared.Now total eight on order at this yard
2 24,000 ASL PRC Huagpu Wenchong PRC 2023 N/A
1,900 TEU

57 AKTI MIAOULI 18536, PIRAEUS GREECE TEL: +30 210 4295000

EMAIL: snv@goldendestiny.com WEBSITE: www.goldendestiny.com
RESEARCH & VALUATION snv@goldendestiny.com

DEMOLITION MARKET

WEEKLY DEMOLITION ACTIVITY PER VESSEL TYPE

VESSEL TYPE WEEK 13-2021 WEEK 12-2021 DEMOLITION ACTIVITY

%w-o-w
Units in DWT Units in DWT in No. of Units
Bulkcarriers 0 0 2 44,428 -100%
Tankers 7 776,218 3 34,882 133%
Gas Tankers 0 0 1 83,296 -100%
General Cargo 0 0 0 0
Containers 0 0 1 16,337 -100%
Reefers 0 0 0 0
Passenger / Cruise 0 0 0 0
Ro-Ro 0 0 0 0
Car Carrier 0 0 0 0
Combined 0 0 0 0
Special Projects 0 0 0 0
TOTAL 7 776,218 7 178,943 0%

WEEKLY DEMOLITION ACTIVITY PER DEMO COUNTRY

DEMO COUNTRY WEEK 13-2021 WEEK 12-2021 DEMOLITION ACTIVITY

%w-o-w
Units in DWT Units in DWT in No. of Units
Bangladesh 2 345,699 0 0
India 1 13,843 3 39,542 -67%
Pakistan 0 0 0 0
China 0 0 0 0
Turkey 0 0 2 44,428 -100%
Unknown 4 416,676 2 94,973 100%
TOTAL 7 776,218 7 178,943 0%

57 AKTI MIAOULI 18536, PIRAEUS GREECE TEL: +30 210 4295000

EMAIL: snv@goldendestiny.com WEBSITE: www.goldendestiny.com
RESEARCH & VALUATION snv@goldendestiny.com

TONNAGE SOLD FOR DEMOLITION

Price Scrap Price Demo
Name Dwt Built Country LDT
($) $/ldt Country
TANKERS
WINSON NO 5 312,679 2001 KOREA, SOUTH 46,310 20,376,400 440 N/A
AS IS SPORE
DARIN STAR 299,700 1994 DENMARK 40,970 18,231,650 445 BANGLADESH
AS IS SPORE. FSO
FPSO LAYANG 68,139 1981 JAPAN 14,315 5,010,250 350 N/A
AS IS DUBAI.AUCTION SALE. SHUTTLE TANKER
OCEAN AMETHYST 45,999 1995 KOREA, SOUTH 9,812 5,023,744 512 BANGLADESH

NILZA 17,999 1981 BRAZIL 5,950 2,028,950 341 N/A

AS IS BRAZIL
NARA 17,859 1982 BRAZIL 5,888 1,984,256 337 N/A
AS IS BRAZIL
LARIS 13,843 1996 ITALY 5,677 4,825,450 850 INDIA
1100 TONES OF STST

Note: The reported demolition sales might not reflect the current demolition market

57 AKTI MIAOULI 18536, PIRAEUS GREECE TEL: +30 210 4295000

EMAIL: snv@goldendestiny.com WEBSITE: www.goldendestiny.com
RESEARCH & VALUATION snv@goldendestiny.com

SHIPPING & FINANCIAL INDICES

SHIPPING NEWS
previous FRI MON TUES WED THUR actual change % weekly actual change % change Week 13
week 26/3/2021 29/3/2021 30/3/2021 31/3/2021 1/4/2021 of the week change since 4/1/2021 since 4/1/2021 3/4/2020
DRY INDICES
BDI 2,172 2,178 2,162 2,103 2,046 2,072 -100 -4.60% 698 50.80% 616
Handy 1,288 1,272 1,245 1,201 1,167 1,137 -151 -11.72% 468 69.96% 340
BHSI TC AVERAGE 23,183 22,893 22,414 21,620 20,999 20,461 -2,722 -11.74% 8,421 69.94% 6,117
Supramax 2,021 1,983 1,951 1,916 1,871 1,840 -181 -8.96% 812 78.99% 495
BSI 58 TC AVERAGE 22,227 21,813 21,456 21,071 20,578 20,241 -1,986 -8.94% 8,936 79.04% 5,442
Kamsarmax 2,834 2,827 2,812 2,723 2,576 2,484 -350 -12.35% 1,120 82.11% 797
BPI 82k TC AVERAGE 25,503 25,447 25,310 24,507 23,188 22,354 -3,149 -12.35% 10,082 82.15% 5,834
Capesize 2,230 2,293 2,289 2,217 2,210 2,394 164 7.35% 386 19.22% 319
BCI TC AVERAGE 18,490 19,014 18,987 18,382 18,327 19,853 1,363 7.37% 3,197 19.19% 5,949
WET INDICES
BCTI 568 675 677 661 643 624 56 9.86% 190 43.78% 874
BDTI 753 765 765 737 710 699 -54 -7.17% 156 28.73% 1,383
CURRENCY EXCHANGE
previous FRI MON TUES WED THUR for the
% change
week 26/3/2021 29/3/2021 30/3/2021 31/3/2021 1/4/2021 week
Y/$ 109.1330 109.5549 109.7229 110.2170 110.5916 110.6150 1.4820 1.36% Japanese Yen
$/GBP 1.3719 1.3795 1.3794 1.3729 1.3798 1.3824 0.0105 0.77% Pound Sterling
INR/$ 72.6957 72.6270 72.7702 73.4269 73.1661 73.3201 0.6243 0.86% Indian Rupee
$/Euro 1.1775 1.1799 1.1781 1.1725 1.1743 1.1772 -0.0003 -0.02% Euro
COMMODITIES BRENT-WTI
previous FRI MON TUES WED THUR for the
% change
week 26/3/2021 29/3/2021 30/3/2021 31/3/2021 1/4/2021 week
$ / US Bbl 61.80 64.57 64.98 64.14 62.74 64.68 2.88 4.66% BRENT
$ / US Bbl 58.56 60.97 61.56 60.55 59.16 61.45 2.89 4.94% WTI
BALTIC EXCHANGE SALE & PURCHASE ASSESSMENTS 26/03/2021
Shipping Markets Vessel Type Description Size (MT) Price (in $m) Change(in $m)
VLCC 5 years old 305,000 65.955 0.228
SUEZMAX 5 years old 158,000 44.062 0.151
TANKER AFRAMAX 5 years old 115,000 34.878 0.312
MR PRODUCT TANKER 5 years old 51,000 26.311 0.090
CAPESIZE 5 years old 180,000 36.223 0.395
DRY BULK KAMSARMAX 5 years old 82,500 25.934 0.410
SUPRAMAX 5 years old 58,328 18.789 0.369
HANDYSIZE 5 years old 38,200 17.431 0.373

Disclaimer:

All the information contained in this report is given in good faith, but without any guarantee from our part, and is based on our
Database and Insight Market Information provided and/or collected from various sources. This report is presented for the sole and
exclusive information of its recipients and whilst every care has been taken in the preparation of this report, no representation or
warranty, express or implied, is made by Golden Destiny S.A. in respect of the accuracy, completeness or correctness of the
information contained herein. Neither our company nor its directors or employees assumes or accepts any liability whatsoever for
any loss or damage incurred by any person whatsoever in relation to and/or as a result of the use of and/or due to any person’s
reliance on the information contained in this report. Furthermore, no responsibility is accepted in respect of any errors or
inaccuracies which may be contained in this report.

57 AKTI MIAOULI 18536, PIRAEUS GREECE TEL: +30 210 4295000

EMAIL: snv@goldendestiny.com WEBSITE: www.goldendestiny.com