WeberSeas Weekly Demolition Market Report for WEEK 40 of 2011:

Week ending: 7 October, 2011 / Week 40

• In the demolition market prices remain under pressure and are now hovering around 500 mark.
• As expected Bangladesh was inactive in view of the expected court hearing, whereas
• China was absent because of their holidays.
• Pakistan paid $510 for handy tanker ‘Jag Pari’ – 29, 132 dwt/ blt 1982 / Lightweight 8,775  on an as is Colombo deal.
• All of the reported sales are for delivery India.

Demolition Statistics:

Type of Ship	This date 2011	This date 2010	2010 Total	2009 Total
ULCC/VLCC	10	12	14	10
SUEZMAX	3	7	10	5
AFRAMAX	16	9	14	12
PANAMAX Tanker	4	9	10	8
CAPE/COMBO (100,000 dwt +)	58	12	15	5
PANAMAX/KAMSARMAX Bullker	48	2	6	21

Scarp Ship Price ($/Ldt):

Country	Bangladesh	China	India	Pakistan
Tankers	535	470	535	525
Bulk Carriers	520	460	515	510

Source: Hellenic Shipping News (Sourced from www.WeberSeas.com). 8 October 2011

http://download.hellenicshippingnews.com/pdf/WeberSeas%20Weekly%20Report%20October%207-11.pdf