SHIPPING MARKET OUTLOOK Demolition by Country Demolition Trends m dwt 4.0 m dwt % ▣Others year to date China Tankers 3.5 55 口Pakistan Bulkers ZI9E 6E:S5:80 102/60/9L lou suosxB'MM/dny India 3.0 ■B'desh 45 40 2.5 3-month moving 35 2.0 average 05520 5 1.0 15 10 0.5 5 0.0 鸟 Source:Clarkson Research Services Source:Clarkson Research Services Figure 1.4.1 Figure 1.4.2 Tanker Fleet Age Profile Bulkcarrier Age Profile 55 m dwt 120 m dwt 50 45 100 40 80 6 30 60 25 20 40 Licensed to Shanghai Maritime University.Distribution is restricted:please remember to acknowledge the source.http://www.clarksons.net 15/09/2014 08:45:39 36122 15 20 0 Source:Clarkson Research Services Source:Clarkson Research Services Figure 1.4.3 Figure 1.4.4 Clarkson Research Services Spring 2014 15Clarkson Research Services Spring 2014 15 SHIPPING MARKET OUTLOOK Figure 1.4.3 Figure 1.4.4 Figure 1.4.1 Figure 1.4.2 05 10 15 20 25 30 35 40 45 50 55 60 65 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 m dwt Source: Clarkson Research Services Demolition by Country Others China Pakistan India B'desh year to date 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 m dwt Source: Clarkson Research Services Demolition Trends Tankers Bulkers 3-month moving average 05 10 15 20 25 30 35 40 45 50 55 <= 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 m dwt Source: Clarkson Research Services Tanker Fleet Age Profile 0 20 40 60 80 100 120 <= 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 m dwt Source: Clarkson Research Services Bulkcarrier Age Profile Licensed to Shanghai Maritime University. Distribution is restricted; please remember to acknowledge the source. http://www.clarksons.net 15/09/2014 08:45:39 36122 Licensed to Shanghai Maritime University. Distribution is restricted; please remember to acknowledge the source. http://www.clarksons.net 15/09/2014 08:45:39 36122