WEEKLY MARKET REPORT

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1 WEEKLY MARKET REPORT Week Ending: 3rd July 2009 (Week 27, Report No: 27/09) (Given in good faith but without guarantee) SUMMARY OF SALES VESSEL TYPE SECOND HAND DEMOLITION DEMOLITION NEWBUILDINGS TTL SALES in DWT Dry Bulkcarriers Tankers * Liners ** Containers Reefers Passenger / Cruise Ro - Ro Combined *** Car Carriers Special Projects **** TTL VSLS/Demo Key:/ * incl. Crude Oil, Clean & Dirty Products, LPG, LNG, Chemical, Asphalt and Veg-Oil ** incl. Multi-Purpose and Tweendeckers *** incl. Bulk-Ore, Ore-Oil and Bulk-Oil Carriers **** incl. Oil & Drilling Rigs, Tugs, Livestock, Trawlers, Cable/Exploration/Navy/Support vsls SECOND HAND TONNAGE SOLD FOR FURTHER TRADING Dry Bulkcarriers US$/Dwt RHINE ORE SUNGDONG 1075 SUNGDONG 1074 SUNGDONG 1062 SUNGDONG ,016 DWT BLT 89 JPN 4 HO 8 HA SULZER 19,702 BHP SOLD FOR ABT US $25 MIL TO BRAZILIAN BYRS ,000 DWT DELY 10 KRS 9 HO HA MAN-B&W 25,370 BHP 180,000 DWT DELY 11 KRS 9 HO HA MAN-B&W 25,370 BHP 180,000 DWT DELY 10 KRS 9 HO HA MAN-B&W 25,370 BHP 180,000 DWT DELY 10 KRS 9 HO HA MAN-B&W 25,370 BHP SOLD ENBLOC FOR ABT US $325 MIL TO GREEK BYRS All four vessels have long terms employment; one has a 5 year timecharter at US$ 52,584 pd net, the remainder are fixed for years timecharter at US$ 29,356 per day with a 50/50 profit share over US$ 38,000 pd" LOWLANDS SUNRISE JIN TAI MARATHA MESSENGER BARCELONA BRIGHT MARITIME JEONGAM ALIOS 176,298 DWT BLT 03 JPN 7 HO 9 HA B&W 22,920 BHP SOLD FOR ABT US $54 MIL TO GREEK BYRS ,880 DWT BLT 04 CHR 9 HO HA B&W 22,923 BHP SOLD FOR ABT US $56 MIL TO GREEK BYRS ,252 DWT BLT 95 JPN 7 HO HA SULZER 10,201 BHP SOLD FOR ABT US $19,5 MIL TO CHINESE BYRS ,485 DWT BLT 81 JPN 7 HO HA CR 6 x 15 T SULZER 13,786 BHP SOLD FOR ABT US $5 MIL TO CHINESE BYRS ,316 DWT BLT 02 JPN 5 HO HA CR 4 x 30,5 T B&W 12,870 BHP SOLD FOR ABT US $26,5 MIL TO UNDISCLOSED BYRS ,675 DWT BLT 83 JPN 5 HO HA CR 4 x 25 T SULZER 11,100 BHP SOLD FOR ABT US $6,9 MIL TO INDONESIAN BYRS , INTERNET E.MAIL: snv@goldendestiny.gr

2 GULF GLOBE SENDAI BULKER ASTORIA BAY EASTWIND RHINE* EASTWIND RHONE* 43,246 DWT BLT 94 KRS 5 HO HA CR 4 x 25 T MAN-B&W 10,569 BHP SOLD FOR ABT US $16 MIL TO GREEK BYRS -SS PASSED IN MAY ,599 DWT BLT 00 JPN 5 HO HA CR 4 x 30 T B&W 7,330 BHP SOLD FOR ABT US $17,8 MIL TO CHINESE BYRS ,000 DWT BLT 98 JPN 5 HO HA CR 4 x 30,5 T B&W 7,951 BHP SOLD FOR ABT US $15 MIL TO VIETNAMESE BYRS ,909 DWT BLT 90 POL 6 HO HA CR 3 x 30 T B&W 8,837 BHP 27,900 DWT BLT 91 POL 6 HO HA CR 3 x 25 T B&W 8,837 BHP SOLD ENBLOC FOR AN UNDISCLOSED PRICE TO MONACO BASED BYRS N/A J. SAFE 25,526 DWT BLT 82 BUL 7 HO HA CR 4 x 16 T SULZER 12,000 BHP SOLD FOR ABT US $2,25 MIL TO CHINESE BYRS - VESSEL LAY UP AT TAIZHOU DOMINATOR 22,174 DWT BLT 91 JPN 4 HO HA CR 4 x 30 T MITSUBISHI 6,240 BHP SOLD FOR ABT US $8,4 MIL TO CHINESE BYRS WITH DELY 10/ Tankers 2 X METROSTAR RESALES 165,000 DWT DELY OCTOBER 2009 & JANUARY 2010 HYUNDAI SAHMO SKR SOLD ENBLOC FOR ABT US 72 MIL EACH TO LIBYA BASED BYRS FOUR SCHOONER SUNRISE BEGONIA BUNGA KASAI PERNAS RANTAU 73,083 DWT BLT 00 KRS DH 12 TNKS COATED - COILED OIL CAP. 75,783 CBM B&W 16,680 BHP SOLD FOR ABT US $36 MIL TO UNDISCLOSED BYRS ,253 DWT BLT 94 JPN DB 12 TNKS COATED - COILED OIL CAP. 8,922 CBM MITSUBISHI 4,200 BHP SOLD FOR ABT US $5,2 MIL TO SINGAPORE BASED BYRS ,033 DWT BLT 94 MAL SH COATED - COILED OIL CAP. 7,000 CBM WARTSILA 6,025 DWT BLT 94 MAL DH 10 TNKS COATED OIL CAP. 6,975 CBM WARTSILA 3,345 BHP SOLD ENBLOC FOR ABT US $5,3 MIL TO NIGERIAN BYRS Liners KIND FAITH 9,106 DWT BLT 09 CHR 2 HO HA CR 2 x 40 T 630 TEU YANMAR SOLD FOR ABT US $13,2 MIL TO UNDISCLOSED BYRS Containers BAUHINIA BRIDGE AKASHI BRIDGE 47,500 DWT BLT 93 JPN 7 HO 15 HA 3,720 TEU B&W 41,602 BHP 47,425 DWT BLT 93 JPN 3,720 TEU B&W 41,602 BHP SOLD ENBLOC FOR ABT US $7.50 MIL EACH TO GREEK BYRS EURUS OTTAWA* EURUS OSLO* SAFMARINE EUROPE* SAFMARINE ASIA* EURUS STOCKHOLM* EURUS SINGAPORE* 34,380 DWT BLT 89 GFR 5 HO 10 HA CR 3 x 40 T 2,097 TEU SULZER 16,859 BHP 34,380 DWT BLT 89 GFR 5 HO 10 HA CR 3 x 40 T 2,097 TEU SULZER 15,498 BHP 31,290 DWT BLT 85 GFR 5 HO 9 HA CR 3 x 40 T 1,879 TEU B&W 12,576 BHP 31,290 DWT BLT 85 GFR 5 HO 9 HA CR 3 x 40 T 1,879 TEU B&W 12,576 BHP 26,676 DWT BLT 90 ITL 5 HO 8 HA CR 5 x 40 T 1,555 TEU SULZER 15,470 BHP 26,674 DWT BLT 89 ITL 5 HO 8 HA CR 5 x 40 T 1,555 TEU SULZER 15,470 BHP SOLD ENBLOC FOR AN UNDISCLOSED PRICE TO MONACO BASED BYRS N/A CYNTHIA VIKING HAWK OCEAN EMERALD OCEAN MERMAID OCEAN BIRD OCEAN SPICA 23,870 DWT BLT 09 DEU 1,698 TEU MAN-B&W 22,569 BHP SOLD FOR ABT EURO15 MIL TO GERMAN BYRS 23,690 DWT BLT 09 CHR 5 HO CR 2 x 40 T 1,740 TEU MAN-B&W 21,509 BHP SOLD FOR ABT US $22 MIL TO GERMAN BYRS BAREBOAT HIRE PURCHASE ,314 DWT BLT 08 CHT 5 HO HA 1,700 TEU MAN-B&W 21,490 BHP 22,314 DWT BLT 08 CHT 5 HA 1,700 TEU MAN-B&W 21,490 BHP 22,314 DWT BLT 08 CHT 1,700 TEU MAN-B&W 21,490 BHP 21,700 DWT BLT 09 CHT 1,700 TEU MAN-B&W 21,490 BHP SOLD ENBLOC FOR ABT US $80 MIL TO CYPRUS BASED BYRS 1, OCEAN EMERALD & OCEAN MERMAID ARE ON T/C AT $16,500/D TILL MAY 2011

3 EURUS LONDON* EURUS LIMA* EURUS LISBON* EURUS PARIS* 15,844 DWT BLT 92 JPN 7 HO 14 HA CR 2 x 41 T 950 TEU B&W 22,461 BHP 15,672 DWT BLT 90 JPN 7 HO 14 HA CR 2 x 32 T 950 TEU B&W 22,461 BHP 15,646 DWT BLT 91 JPN 7 HO 14 HA CR 2 x 32 T 950 TEU B&W 22,402 BHP 9,649 DWT BLT 83 JPN 3 HO 6 HA CR 2 x 40 T 580 TEU SULZER 8,631 BHP SOLD ENBLOC FOR AN UNDISCLOSED PRICE TO MONACO BASED BYRS N/A Reefers EW KENYA* 7,061 DWT BLT 85 JPN 4 HO HA DE 8 x 5 T REEF. CAP. 7,932 CBM MITSUBISHI 6,801 BHP REMARK: ALL THE VESSELS MARKED WITH * REFER TO THE SALE OF EASTWIND TO MONACO BASED BYRS AT AN UNDISCLOSED PRICE NEWBUILDING VESSELS ORDERED Bulk Carriers 400,000 DWT (Ore Carriers) 4 UNITS ORDERED BY OMAN SHIPPING CO (UAE) AT JIANGSU RONGSHENG (PRC) PRICE USD 121 MIL EACH DELY (THE VESSELS WILL HAVE A LONG TERM COA TO VALE FOR EXPORTS OF IRON ORE FROM BRAZIL) Ro Ro / Passenger 2 UNITS ORDERED BY ATTICA HOLDINGS SA (GR) AT DAEWOO (SKR) PRICE EURO 70 MIL EACH DELY (2400 PAX 450 CARS OR MIX OF 50 TRUCKS & 150 CARS. SERVICE IN THE GREEK ISLANDS) 1 UNIT ORDERED BY ALASKA MARINE HIGHWAY (USA) AT ALASKA SHIP & DRYDOCK (USA) PRICE USD 7 MIL DELY 3/2011 DEMOLITION TNK "SADANAND" CONTAINER "MSC CHRISTINA" CONTAINER "OOCL FRIENDSHIP" CONTAINER "OOCL FREEDOM" 94,752 DWT BLT 86 KRS LDT 15,998 $/LDT 310 BANGLADESH 56,902 DWT BLT 98 KRS LDT 10,116 $/LDT 255 INDIA 45,863 DWT BLT 87 JPN 44,452 DWT BLT 85 JPN ENBLOC REGION $ 280/LDT TO CHINA TNK "SKAWHEGAN" CONTAINER "ANL EXPLORER" CONTAINER "PHILIPPINE STAR" CONTAINER "MSC VERONIQUE" CONTAINER "SIMA KAROON" CONTAINER "GOLDEN COMPANION" CONTAINER "MSC TOGO" CONTAINER "CATALINA DEL MAR" CONTAINER "TERESA DEL MAR" TNK "TAIPAN" CONTAINER "NIEVES B" GENERAL CARGO "ORIENTAL CARRIER" GENERAL CARGO "PRECIOUS" TNK "GLOBAL RIO" RO-RO/PASSENGER "SUN RISE" 36,590 DWT BLT 81 JPN $/LDT 325 BANGLADESH 34,194 DWT BLT 85 JPN LDT 12,497 $/LDT 265 CHINA 33,952 DWT BLT 86 KRS LDT 8,587 $/LDT 254 INDIA 30,934 DWT BLT 76 JPN LDT 15,116 $/LDT 256 INDIA 30,254 DWT BLT 83 JPN LDT 8,701 $/LDT 257 INDIA 25,247 DWT BLT 82 SPN LDT 9,536 $/LDT 250 CHINA 23,678 DWT BLT 80 NTH LDT 13,750 $/LDT 255 INDIA 23,465 DWT BLT 86 GFR LDT 6,756 AS-IS SPAIN ON PRIVATE TERMS 23,465 DWT BLT 86 GFR LDT 6,756 AS-IS SPAIN ON PRIVATE TERMS 21,751 DWT BLT 81 JPN LDT 6,490 $/LDT 300 BANGLADESH 18,864 DWT BLT 82 POL LDT 9,874 $/LDT 176 INDIA AS IS ALICANTE, SPAIN 17,664 DWT BLT 80 GFR LDT 6,647 $/LDT 250 CHINA 15,840 DWT BLT 82 USR LDT 6,982 $/LDT 247 INDIA 15,089 DWT BLT 85 PTG LDT 4,903 $/LDT 300 INDIA AS-IS RIO DE JANEIRO INCL APROX 530 T ST.ST. 3,179 DWT BLT 80 JPN $/LDT 240 CHINA

4 SHIPPING & FINANCIAL NEWS WEEK 27 SHIPPING NEWS INDEX previous FRIDAY MON TUES WED THUR actual change % weekly actual change % change Week 27 week 6/26/09 6/29/09 6/30/09 7/1/09 7/2/09 of the week change since 2/1/09 since 2/1/ DRY INDICES BDI ,84% ,03% Handy ,34% ,82% Supramax ,34% ,82% Panamax ,66% ,48% Capesize ,64% ,16% BCTI ,54% ,68% BDTI ,33% ,86% DOW JONES New York S+P 500 NASDAQ U.S.A. (100) CAPITAL LINK MARITIME INDEX NIKKEY-225 Tokyo FTSE-100 London XETRA DAX Frankfurt CAC-40 Paris HANG SENG Hong Kong KOSPI Seoul ATHENS GENERAL EXCHANGE Y/$ $/GBP INR/$ $/Euro EXCHANGE $ / troy oz $ / US Bbl FINANCIAL NEWS previous FRIDAY MON TUES WED THUR for the % change week 6/26/09 6/29/09 6/30/09 7/1/09 7/2/09 week 8.472, , , , , ,74-191,66-2,26% 920,26 918,90 927,23 919,32 923,33 896,42-23,84-2,59% 1.475, , , , , ,28-29,54-2,00% 1.564, , , , , ,86-33,31-2,13% 9.796, , , , , ,15 80,07 0,82% 4.252, , , , , ,27-18,30-0,43% 4.800, , , , , ,49-82,07-1,71% 3.163, , , , , ,41-46,69-1,48% , , , ,70 CLOSED ,00-97,00-0,53% 1.392, , , , , ,48 18,75 1,35% 2.177, , , , , ,58 40,55 1,86% FOREIGN EXCHANGE RATES previous FRIDAY MON TUES WED THUR week 6/26/09 6/29/09 6/30/09 7/1/09 7/2/09 95,90 95,22 96,13 96,31 96,59 95,92 0,02 0,02% 1,6367 1,652 1,6554 1,6463 1,6474 1,6356 0,00-0,07% 48,50 48,02 48,00 47,74 47,75 47,90-0,60-1,24% 1,3985 1,4051 1,4075 1,4033 1,415 1,3939-0,005-0,33% COMMODITIES EXCHANGE RATES previous FRIDAY MON TUES WED THUR week 6/26/09 6/29/09 6/30/09 7/1/09 7/2/09 for the week for the week % change % change 938,75 938,55 937,05 925,85 940,25 928,65-10,10-1,08% 69,78 68,92 70,99 69,3 68,79 66,65-3,13 2,16% STOCK EXCHANGE CURRENCY Japanese Yen Pound Sterling Indian Ruppea Euro COMMODITY GOLD IPE BRENT Remark: Kindly note that from this issue we have added also in our Shipping & Financing News Table the Maritime Index of Capital Link, under the Financial News. Capital Link Maritime Index tracks the performance of the stocks of all US listed shipping companies.

5 DRY CARGO CHARTER MARKET MOVEMENTS JUNE BDI BCI 1 1 2

6 BPI 2 BSI BHSI 1 1 2

7 WET CARGO CHARTER MARKET MOVEMENTS JUNE BCTI BDTI 1 1 2

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