Review of the New International Shipbuilding Market in the Last Week (2010.12.30-2011.1.5)

The order of new ships signed in the first week of 2011 presented a single pattern of ships. The Chinese shipyard signed a total of 10 multi-functional ships. In particular, it is worth mentioning that the Taikoo Group, a subsidiary of the Swire Group, has completed the ordering of eight multi-purpose vessels of 31,000 dwt each to Zhejiang Ouhua Shipbuilding Co., Ltd. of Zhoushan Island in China, worth a total value of US$300 million. The shipments will be delivered between January and August 2013. The contract will also include eight options vessels. Chinese shipowners have signed most of bulk carriers at Chinese shipyards, and the price of ships remains strong, with no major changes.

Nearly a week signing a new ship construction contract

Ship Type Quantity (DWT) Shipyard Shipowner Shipment Price (Million USD) Remarks Multi-purpose Vessel 2 18000 Taizhou SCL Reederei 2012 Multi-purpose Vessel 8 31000 Zhejiang Ouhua Taikoo Shipping Co., Ltd 2013 3750 8 Vessels

Shipbuilding market price in the last week (average price in the Far East: 10,000 US dollars)

Ship tonnage (10,000 dwt) This week's price Last week's price This year's lowest price This year's highest price Giant tanker 30.102 billion U.S. 102 million U.S. U.S. 102 U.S. U.S. 102 U.S. Suez tanker 15 6500 6500 6500 6500 Aframax tanker 11 5500 5500 5500 5500 Product Tanker 4.7 3600 3600 3600 3600 Capesize Bulk Carrier 18 5500 5500 5500 5500 Panamax Bulk Carrier 7.6 3600 3600 3600 3600 Handy Bulk Carrier 5.6 3100 3100 3100 3100

Note: All the above transaction price data does not serve as any price evidence and is for reference only!