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RATE ESTIMATES ————– CARIBS/USG  50 WS115   STEADY CARIBS/USWC 50 WS145   FIRM WCSA/USWC   50 WS165   STEADY CONT/TA     55 WS112.5 STEADY USG/UKCM    50 WS97.5  STEADY ************ **FIXTURES** *********************************************************************************************************** VESSEL             CGO DATE LOAD/DISCHARGE    RATE     CHARTERER MARKET FIXTURES MAY 19, 2017 ENERGY COMMANDER    55 6/07 BALTIC/USG        WS117.5  SHELL STENA PENGUIN       55 6/08 SCAN/USG-ECC      WS117.5  VITOL – *130 FOR ECC* MARKET FIXTURES MAY…

RATE ESTIMATES ————– AG/USG………..:      280 X W23.5   – WEAK    TCE=  $11000.00 (SPORE-RAS TANURA-LOOP) WAFR/USG………:      260 X W57.5   – WEAK    TCE=  $24000.00 (HOUSTON – BONNY – HOUSTON) WAFR/EAST……..:      260 X W55     – WEAK    TCE=  $22000.00 (SPORE – BONNY – NINGBO) NSEA/SPORE…….:      270 – LS3.5M  – STEADY  TCE=  $27000.00 (GIBRALTAR – RDAM…

RATE ESTIMATES ————– 150 CBS/USG…..W65      – STEADY     TCE:$15600 130 CBS/SPORE…LS$2.7M  – STEADY     TCE:$21000 130 WAF/USG…..W67.5    – STEADY     TCE:$15100 130 WAF/UKC-MED.W72.5    – STEADY     TCE:$12500 135 NSEA/TA…..W62.5    – SOFT       TCE:$14100 135 S.KERIR/MED.w77.5    – STEADY     TCE:$15800 140 BLKSEA/UKCM.W80      – SOFTER?    TCE:$14000 130 MED/TA……W57.5    – SOFT       TCE:$11900  DEMURRAGE: $25,000…

MARKET DIRECTION UKC:      FIRM MARKET DIRECTION MED:      FIRM MARKET DIRECTION AMERICAS: JUMPING! RATE ESTIMATES ————– 70  CBS/USG:      WS145       POPPED 80  CROSS MED:    WS132.5     ACTIVE 80  BKSEA/MED:    WS137.5     ACTIVE 80  NSEA/UKC:     WS97.5      BUSY-FIRMING 100 PRIMORSK/UKC: WS70        BUSY-FIRMING DEMURRAGE.(US): $25,000.00 PD+/- DEMURRAGE.(UKC/M): $18,000.00/32,000.00 PD+/- USG LIGHTERING: $24,750.00 PD+/- MIN 3DAYS/ONE…

RATE ESTIMATES ————– CARIBS/USG  50 WS117.5 Firm/Busier CARIBS/USWC 50 WS135   firm WCSA/USWC   50 WS145   Steady CONT/TA     55 WS120   firm USG/UKCM    50 WS107.5 Needs Test                                      ************ **FIXTURES** *********************************************************************************************************** VESSEL             CGO DATE LOAD/DISCHARGE    RATE     CHARTERER MARKET FIXTURES APRIL 28, 2017 POLYAIGOS           50 5/06 WCMEX/USWC        WS127.5  CHEVRON ICE FIGHTER         55 5/05 BKSEA/USG         WS110    ST SHIPPING MARKET FIXTURES APRIL 27, 2017 CAPE TALARA        …

RATE ESTIMATES FOR THE ATLANTIC/AMERICAS/WEST AFRICA AND UK CONTINENT CONT/TA……:WS160    SOFT-ISH UKC/WAF……:WS180    SOFT-ISH CBS/USAC…..:WS135    STABLE-ISH USG/UKC……:WS90     STEADY USG/ECMEX….:LS$190K  STEADY USG/WAF……:WS162.5  STEADY-ISH USG/BRAZIL…:WS157.5  STEADY-SIH USG/CBS……:LS395K   STEADY USG/ECUADOR..:LS750K   STEADY-ISH? USG/PERU…..:LS925K   STEADY-ISH? USG/CHILE….:LS1.0M   STEADY-ISH? USG/LAZARO…:LS775K   STEADY-ISH? USG/ROSARITO.:LS875K   STEADY-ISH? USG/WCCA…..:LS725K   STEADY-ISH? USG/FEAST….:LS1.2M   SOFTER ********** FIXTURES *************************************************************************************************** AMERICAS USG/CBS/ECMEX/LATIN AMERICA/USWC/ECC VESSEL           QTY CGO LOAD/DISCHARGE   DATE     RATE     …