For TheArchitect

41 new deliveries, and lots of already operating bulk carriers that are on the spot market earning peanuts. Type Hull Type Name Unit Size Dwt Flag Built Yard Reefer Tokyo Bay cu.ft. 342,207 8,078 St. Kitts & Nevis 1978 Naikai S.B. Bulk Macau Mineral DWT 207,785 207,785 Panama 1989 Samsung H.I. Bulk Glory Beijing DWT 207,063 207,063 Panama 1989 Hyundai H.I. Bulk Morgiana DWT 186,001 186,001 Panama 1988 Hyundai H.I. Bulk Tampa DWT 177,894 177,894 Malta 2008 Waigaoqiao S/Y Bulk Malindi DWT 177,000 177,000 Malta 2008 Waigaoqiao S/Y Bulk Madeira DWT 177,000 177,000 Malta 2007 Waigaoqiao S/Y Bulk Sivota DWT 177,000 177,000 Malta 2008 Waigaoqiao S/Y Bulk Omaha DWT 177,000 177,000 Malta 2008 Waigaoqiao S/Y Bulk Ventura DWT 174,316 174,316 Malta 2006 Waigaoqiao S/Y Bulk Pompano DWT 174,219 174,219 Malta 2006 Waigaoqiao S/Y Bulk Fernandina DWT 174,204 174,204 Malta 2006 Waigaoqiao S/Y Bulk Capri DWT 172,579 172,579 Malta 2001 NKK Corp. Bulk Flecha DWT 170,012 170,012 Malta 2004 Hyundai Samho Bulk Global Victory DWT 149,155 149,155 Panama 1996 Hyundai H.I. Bulk Avoca DWT 76,500 76,500 Panama 2004 Imabari S.B. Bulk Conquistador DWT 75,607 75,607 Panama 2000 Sanoyas Bulk Sidari DWT 75,204 75,204 Greece 2007 Hudong Zhonghua Bulk Petani DWT 75,204 75,204 Malta 2008 Hudong Zhonghua Bulk Pacific Champ DWT 43,222 43,222 Panama 1996 Hyundai H.I. Bulk Pacific Royal DWT 42,975 42,975 Panama 1996 Hyundai H.I. Products D/Hull Venice DWT 109,316 109,316 Greece 2004 Dalian New Yard Products D/Hull Sarasota DWT 106,850 106,850 Greece 2008 Waigaoqiao S/Y Products D/Hull Oriental Green DWT 99,991 99,991 Malta 1998 Hyundai H.I. Products D/Hull My Julietta DWT 63,953 63,953 Malta 1984 Hitachi Zosen Tanker D/Hull Universal Brave DWT 301,242 301,242 Malta 1997 Hyundai H.I. Tanker D/Hull Universal Prime DWT 301,163 301,163 Malta 1997 Hyundai H.I. Tanker S/Skin Nichiwa DWT 249,107 249,107 Panama 1992 Hitachi Zosen Tanker S/Skin Nichiryu DWT 249,037 249,037 Panama 1991 Hitachi Zosen Tanker S/Skin VL Malibu DWT 248,976 248,976 Panama 1989 Hitachi Zosen Tanker D/Hull Montego DWT 106,159 106,159 Greece 2006 Hyundai H.I. Tanker D/Hull Bonita DWT 105,650 105,650 Greece 2006 Hyundai H.I. Tanker D/Hull Monterey DWT 104,821 104,821 Greece 2007 Waigaoqiao S/Y Tanker D/Hull Zuma DWT 104,635 104,635 Greece 2005 Waigaoqiao S/Y Tanker D/Hull Lovina DWT 104,635 104,635 Greece 2005 Waigaoqiao S/Y Tanker D/Hull Carmel DWT 104,402 104,402 Greece 2006 Waigaoqiao S/Y Tanker D/Hull Tamara DWT 97,793 97,793 Malta 1990 Koyo Dock K.K. Tanker D/Hull Tigani DWT 97,114 97,114 Malta 1991 Koyo Dock K.K. On Order: Type Hull Type Name Unit Size Dwt Flag Built Yard Bulk N/B WAIGAOQIAO S/Y SHANGHAI 1106 DWT 177,000 177,000 Malta 2009 Waigaoqiao S/Y Bulk N/B WAIGAOQIAO S/Y SHANGHAI 1119 DWT 177,000 177,000 Greece 2010 Waigaoqiao S/Y Bulk N/B WAIGAOQIAO S/Y SHANGHAI 1129 DWT 177,000 177,000 Greece 2009 Waigaoqiao S/Y Bulk N/B WAIGAOQIAO S/Y SHANGHAI 1154 DWT 177,000 177,000 Greece 2009 Waigaoqiao S/Y Bulk N/B WAIGAOQIAO S/Y SHANGHAI 1155 DWT 177,000 177,000 Greece 2009 Waigaoqiao S/Y Bulk Milagro DWT 76,000 76,000 Greece 2009 Hudong Zhonghua Bulk N/B HUDONG ZHONGHUA SHANGHAI DWT 76,000 76,000 Greece 2009 Hudong Zhonghua Products D/Hull N/B WAIGAOQIAO S/Y SHANGHAI 1083 DWT 106,850 106,850 Greece 2009 Waigaoqiao S/Y Products D/Hull N/B WAIGAOQIAO S/Y SHANGHAI 1086 DWT 106,850 106,850 Greece 2009 Waigaoqiao S/Y Products D/Hull N/B WAIGAOQIAO S/Y SHANGHAI 1087 DWT 106,850 106,850 Greece 2009 Waigaoqiao S/Y Products D/Hull N/B WAIGAOQIAO S/Y SHANGHAI 1088 DWT 106,850 106,850 Greece 2010 Waigaoqiao S/Y Products D/Hull N/B WAIGAOQIAO S/Y SHANGHAI 1089 DWT 106,850 106,850 Greece 2010 Waigaoqiao S/Y Tanker D/Hull N/B JIANGNAN S/YARD CHANGXING H2407 DWT 297,000 297,000 Greece 2011 Jiangnan Changxing Tanker D/Hull N/B JIANGNAN S/YARD CHANGXING H2408 DWT 297,000 297,000 Greece 2010 Jiangnan Changxing Tanker D/Hull N/B SAMSUNG H.I. KOJE 1887 DWT 159,000 159,000 Greece 2011 Samsung H.I. Tanker D/Hull N/B SAMSUNG H.I. KOJE 1888 DWT 159,000 159,000 Greece 2011 Samsung H.I. Tanker D/Hull N/B SAMSUNG H.I. KOJE 1889 DWT 159,000 159,000 Greece 2012 Samsung H.I. Tanker D/Hull N/B SAMSUNG H.I. KOJE 1890 DWT 159,000 159,000 Greece 2012 Samsung H.I. Tanker D/Hull Taipan DWT 156,000 156,000 Malta 2009 Jiangsu Ron Tanker D/Hull Tosca DWT 156,000 156,000 Malta 2009 Jiangsu Ron Tanker D/Hull N/B JIANGSU RONG SHENG JIANGSU 1015 DWT 156,000 156,000 Malta 2009 Jiangsu Rongsheng Tanker D/Hull N/B JIANGSU RONG SHENG JIANGSU 1016 DWT 156,000 156,000 Malta 2009 Jiangsu Rongsheng Tanker D/Hull N/B JIANGSU RONG SHENG JIANGSU 1028 DWT 156,000 156,000 Malta 2009 Jiangsu Rongsheng Tanker D/Hull N/B JIANGSU RONG SHENG JIANGSU 1029 DWT 156,000 156,000 Malta 2009 Jiangsu Rongsheng Tanker D/Hull N/B SAMSUNG H.I. KOJE 1873 DWT 115,000 115,000 Greece 2011 Samsung H.I. Tanker D/Hull N/B SAMSUNG H.I. KOJE 1874 DWT 115,000 115,000 Greece 2011 Samsung H.I. Tanker D/Hull N/B SAMSUNG H.I. KOJE 1885 DWT 115,000 115,000 Greece 2012 Samsung H.I. Tanker D/Hull N/B SAMSUNG H.I. KOJE 1886 DWT 115,000 115,000 Greece 2012 Samsung H.I. Tanker D/Hull N/B WAIGAOQIAO S/Y SHANG DWT 106,850 106,850 Greece 2009 Waigaoqiao S/Y Tanker D/Hull N/B WAIGAOQIAO S/Y SHANGH DWT 106,850 106,850 Greece 2009 Waigaoqiao S/Y Drillship N/B SAMSUNG H.I. KOJE 1837 GT 57,800 97,000 Greece 2011 Samsung H.I. Drillship N/B SAMSUNG H.I. KOJE 1838 GT 57,800 97,000 Greece 2011 Samsung H.I. DryShips Inc. 80 Kifissias Avenue, Marousi, 15125 Athens, Greece Tel: +30-210-8090570 E-Mail: finance@dryships.com URL: www.dryships.com Type Hull Type Name Unit Size Dwt Flag Built Yard Bulk Manasota DWT 171,061 171,061 Malta 2004 Hyundai H.I. Bulk Alameda DWT 170,726 170,726 Malta 2001 Hyundai Samho Bulk Mystic DWT 170,102 170,102 Liberia 2008 Daehan S.B. Bulk Brisbane DWT 151,066 151,066 Panama 1995 NKK Corp. Bulk Samsara DWT 150,393 150,393 Malta 1996 Kawasaki H.I. Bulk Sorrento DWT 76,633 76,633 Malta 2004 Imabari S.B. Bulk Mendocino DWT 76,623 76,623 Malta 2002 Imabari S.B. Bulk Maganari DWT 75,941 75,941 Malta 2001 Kanasashi K.K. Bulk Saldanha DWT 75,707 75,707 Malta 2004 Sanoyas Bulk Coronado DWT 75,706 75,706 Malta 2000 Sanoyas Bulk Ligari DWT 75,583 75,583 Malta 2004 Sanoyas Bulk Capitola DWT 74,832 74,832 Malta 2001 Hudong S.Y. Bulk Bargara DWT 74,816 74,816 Malta 2002 Hudong Zhonghua Bulk Sonoma DWT 74,786 74,786 Malta 2001 Hudong S.Y. Bulk Redondo DWT 74,716 74,716 Malta 2000 Hudong S.Y. Bulk Samatan DWT 74,500 74,500 Malta 2001 Hudong S.Y. Bulk Majorca DWT 74,477 74,477 Malta 2005 Hudong Zhonghua Bulk Catalina DWT 74,432 74,432 Malta 2005 Hudong Zhonghua Bulk Oregon DWT 74,204 74,204 Malta 2002 Oshima S.B. Co. Bulk Ecola DWT 73,931 73,931 Liberia 2001 Jiangnan S.Y. Bulk Heinrich Oldendorff DWT 73,931 73,931 Malta 2001 Jiangnan S.Y. Bulk Ocean Crystal DWT 73,688 73,688 Malta 1999 Sumitomo H.I. Bulk D/Bottom Padre DWT 73,601 73,601 Malta 2004 Jiangnan S.Y. Bulk Positano DWT 73,288 73,288 Malta 2000 Sumitomo H.I. Bulk Toro DWT 73,035 73,035 Malta 1995 Samsung H.I. Bulk Marbella DWT 72,561 72,561 Malta 2000 Sasebo H.I. Bulk Primera DWT 72,495 72,495 Malta 1998 Koyo Dock K.K. Bulk Xanadu DWT 72,270 72,270 Malta 1999 Imabari S.B. Bulk La Jolla DWT 72,126 72,126 Malta 1997 Hitachi Zosen Bulk Lacerta DWT 71,862 71,862 Malta 1994 Shin Kurushima Bulk Paragon DWT 71,250 71,250 Malta 1995 Namura Zosensho Bulk Iguana DWT 70,349 70,349 Malta 1996 Sanoyas Bulk Mahakam DWT 69,997 69,997 Malta 1996 Hudong S.Y. Bulk Tonga DWT 67,872 67,872 Malta 1984 CSBC Bulk Stavros P DWT 45,863 45,863 Malta 1994 Koyo Dock K.K. Open Hatch VOC Galaxy DWT 51,201 51,201 Antigua & Barbuda 2002 New Century S/Y Open Hatch Clipper Gemini DWT 51,201 51,201 Antigua & Barbuda 2003 New Century S/Y On Order: Type Hull Type Name Unit Size Dwt Flag Built Yard Bulk N/B KOREA SHIPYD. MOKPO 0002 DWT 180,000 180,000 Liberia 2009 Korea Shipyard Bulk N/B KOREA SHIPYD. MOKPO 0003 DWT 180,000 180,000 Liberia 2010 Korea Shipyard Bulk N/B HYUNDAI H.I. ULSAN 2089 DWT 179,600 179,600 Panama 2009 Hyundai H.I. Bulk N/B TSUNEISHI ZHOUSHAN ZHOUSHAN SS058 DWT 82,800 82,800 Panama 2010 Tsuneishi Zhoushan Bulk N/B TSUNEISHI ZHOUSHAN ZHOUSHAN SS059 DWT 82,800 82,800 Panama 2010 Tsuneishi Zhoushan Bulk N/B HUDONG ZHONGHUA SHANGHAI H1518A DWT 75,000 75,000 Panama 2009 Hudong Zhonghua Bulk N/B HUDONG ZHONGHUA SHANGHAI H1519A DWT 75,000 75,000 Panama 2010 Hudong Zhonghua Drillship N/B SAMSUNG H.I. KOJE 1865 GT 52,000 97,000 Marshall Islands 2011 Samsung H.I. Drillship N/B SAMSUNG H.I. KOJE 1866 GT 52,000 97,000 Marshall Islands 2011 Samsung H.I. Total Number of Vessels 116 Total Dwt(m) of Vessels 14,203,837

Edited by nicolasillo, 08 January 2009 - 04:33 PM.

if 99% of the yards go bust and the mkt miraculously recovers therafter they have a fair chance!

Now, my mistake when i said you cannot find the fleet on the company's website

Thank you Nicolasilla, i appreciate your efforts. Are you in the shipping industry?

I teach shipping finance on the side.

i think i would like to buy one of those for peanuts! ™

Edited by humble1, 08 January 2009 - 06:26 PM.

I teach shipping finance on the side.

yes you do...

isnt it amazing that every one of those ships were built in asia, starting 1978? klh

isnt it amazing that every one of those ships were built in asia, starting 1978?

klh

Most of the ships are built there. The 1978 is the year of the ship.....he still has such a ship cos of the boom in the shipping market. He ll scrap that soon, 30yrs old ship is way too old and not cheap at all to run under the current market conditions.

Edited by nicolasillo, 08 January 2009 - 09:52 PM.

if you want to buy a ship, please dont - from Marty Chenard, http://www.stocktimi...arketUpdate.htm, on cargo:

What's in store for 2009?

If you have been listening to CNBC or Bloomberg, you have probably picked up on a "growing expectation" that we will come out of the recession in the 3rd. Quarter of this year. (snip)
One of the things I brought up, was the trillions in CDOs/CDSs that have 3 year contracts coming due in 2009 and how presently that could mean over 8 trillion in default write offs. That danger would be a default problem larger than the sub-prime problem.

I asked "Mr. Wall Street", "How will that be solved ... was there a way of rolling over the contracts to a future date so no one saw them in 2009?" "What about the projected closings of 30,000 to 40,000 of our largest retail facilities and their unemployment impact?" He didn't have an answer, and questions like these were upsetting him ... to the point where he abruptly left the room as he said, "Excuse me, I'm going to go into the other room and stick my head in the sand!".

From where we stand now, I see no "empirical evidence" yet that would suggest the "third Quarter turn around" will end up being a fact ... we will need to see home hard core changes in the trends and numbers during the second Quarter. My oldest son asked if this couldn't turn out to be a "self-fulfilling prophecy". I'll grant that it is one of the possibilities, but world wide demand will have to pick up with increased consumer spending which brings me to U.S. output vs. jobs.

For decades, I have watched the "Help Wanted Index" as a sign of when the economy would be seeing an exit out of a recession. Last August, I abandoned using the data in disgust when the historical data was "adjusted" back for all months going back for years (about the same time when AIG and Lehman were in big trouble). The numbers were all increased from 11% to 17% per month ... with July 2008's number being increased the most by 17%. If the data change was about resetting the base line, the monthly reset deviations would have been fairly consistent ... but they weren't. As an analyst, it meant that I could not trust the data any more and represent it as accurate to our subscribers. So, what can we use instead?

One of the data sets I am now watching is U.S. output leaving our export ports. I watch the total tonnage of "Loaded outbound" and "empty" port containers. Here is my theory: When outgoing tonnage is increasing, then our productivity is increasing and we need more employed people to make that happen. When outgoing tonnage is decreasing with "container empties" increasing, then U.S. productivity or output is decreasing and we need fewer employed people to make that happen ... which translates into cut hours and layoffs. The tonnage reports don't lie ... they are what they are, and they don't get changed or "revised".

The data shows that the "empty cargo containers" reversed a down trend to the upside last June. That said that a new trend of increasing, unused export containers was beginning. Then, last September, the number of "empty containers" sitting on the docks EXCEEDED the number of "Loaded Outbound containers" leaving the U.S.

The current chart is below ... I am now waiting for the December Tonnage Report to come out in the next few days and I will post the updated chart on our paid subscriber site. The chart now shows, that as of November, empty containers were trending higher with outgoing containers falling rapidly. Note how the empty containers signaled a problem in June when the trend started up in the chart below. If we are going to see a third Quarter end to the recession, then we will need to see the evidence with empties declining, and "loaded outbounds" increasing. Without that occurring, you can't get an economic turn-around with less goods being manufactured, bought, and shipped ... it just doesn't work that way.

So, 2009 will be a wait and see proposition relative to whether or not the recession ends or continues. Whether or not Obama's stimulus plan works. Whether or not CDO/CDS defaults bring in another "shoe dropping" surprise to Wall Street ... and whether or not job losses stop AND consumers start spending again. We will monitor what happens during the year, so our paid subscribers can see and understand if the possibility of a third Quarter turn around can become a reality. What happens in the second Quarter will be critical. In late May and June, if adequate improvements are not seen, Mr. Wall Street and his friends will "abandon ship" and sing a new tune.

klh