WeberSeas Weekly Demolition Market Report for WEEK 43 of 2011:

Week ending: 31 October, 2011 / Week 43

Demolition Statistics:

Type of Ship	This date 2011	This date 2010	2010 Total	2009 Total
ULCC/VLCC	10	13	14	10
SUEZMAX	3	8	10	5
AFRAMAX	22	10	14	12
PANAMAX Tanker	5	10	10	8
CAPE/COMBO (100,000 dwt +)	58	12	15	5
PANAMAX/KAMSARMAX Bullker	49	2	6	21

Scarp Ship Price ($/Ldt):

Country	Bangladesh	China	India	Pakistan
Tankers	510	460	510	525
Bulk Carriers	490	440	490	500

Source: Hellenic Shipping News (Sourced from www.WeberSeas.com). 31 October 2011

http://download.hellenicshippingnews.com/pdf/WeberSeas%20Weekly%20Report%20October%2031-11.pdf