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Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
Weekly Review June 8 09
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Weekly Review June 8 09

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A detailed review of the marine shipping industry.

A detailed review of the marine shipping industry.

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  • 1. Investor’s Health Weekly For June 8, 2009 • Special Feature •Maritime Transportation: Where Are We In The Cycle? •Presented By Bruce Zaro, Chief Technical Strategist, Delta Global Shipping Index • Vital Signs • Coming This Week
  • 2. Maritime Transportation • Where are we in the cycle? • Boom, bust • Supply, demand 2 year performance DJIA vs DAC, GMR, EGLE
  • 3. Maritime Transportation: Current Demand • China: Canary in a coal mine? • Government stimulus • Exports vs. consumption • Re-stocking or true demand?
  • 4. Maritime Transportation • Supply of ships • Current order book • Total vessels • Deliveries • This year • Outer years Please note that due to the lack of new newbuilding orders in most of the above sectors, the prices are estimates.
  • 5. Maritime Transportation • Important Sector Indicators • Dry Bulk Order Book • Capesize • Panamax • Handymax • Handysize
  • 6. Maritime Transportation • Effect of shipping crisis on shipbuilding contracts • Lehman failure • Buyer default • Seller default
  • 7. Maritime Transportation: Indicators And Trends • Dividend Cycle • Cash flow • Liquidity Tanker Rates
  • 8. Maritime Transportation: Indicators And Trends • Dividend Cycle • Cash flow • Liquidity Dry Market Rates
  • 9. Maritime Transportation: Indicators And Trends • Ship asset prices • Second hand market • Availability of financing Second hand values
  • 10. Maritime Transportation: Baltic Dry Index BALTIC DRY EXCHANGE RATES CHANGE THIS WEEK LAST WEEK CHANGE % Baltic Dry Index 3809 3494 315 9,02% • Plunge in 2008 Baltic Capesize 6812 6125 687 11,22% Baltic Panamax 3252 2900 352 12,14% • Rebound in 2009 Baltic Supramax 1832 1831 1 0,05% • Sustainable? Baltic Handysize 880 864 16 1,85%
  • 11. Maritime Transportation: Segments • Dry Bulk • Tanker • Container • Chemicals
  • 12. Maritime Transportation: Delta Global Shipping Index TOP FUND HOLDINGS as of 6/5/09 • 30 largest global shipping companies NAME NAVIOS MARITIME HOLDINGS SYMBOL NM  WEIGHTING 5.84 % SHIP FINANCE INTERNATIONAL SFL  4.92 % LTD • Licensed to Claymore NEPTUNE ORIENT LINES LTD NOL  4.76 % COSCO CORP SINGAPORE LTD COS  4.70 % COMPAGNIE MARITIME BELGE CMB  4.36 % • ETF symbol SEA Holding subject to change on a daily basis.
  • 13. Maritime Transportation: Delta Global Shipping Index TOP FUND COUNTRY WEIGHTINGS as of 3/31/09 COUNTRY WEIGHTING • 30 largest global shipping companies United States 15.30 %   Bermuda 13.47 %   • Licensed to Claymore Japan 12.94 %   Greece 12.64 %   • ETF symbol SEA Belgium 9.39 % Holding subject to change on a daily basis.
  • 14. U.S. Highlights • Steepened yield curve • Recovery indicator
  • 15. Coming This Week • Germany: industrial production • Canada: trade balance • Japan: GDP
  • 16. Thank you for your participation Information, estimates and opinions contained in this report were obtained from sources we believe to be reliable, but are not guaranteed as to accuracy or completeness. This report has been prepared for informational purposes and is not a solicitation or an offer to buy or sell any security. It does not purport to be a complete description or analysis of the securities, companies, markets or developments referred to herein. All expressions of opinions are subject to change without notice, and we do not undertake to advise you of any change in our figures or recommendations. We, our employees, and/or our officers and directors may from time to time have long or short positions in the securities mentioned herein. The securities mentioned in this report may not be suitable for all types of investors; their value and the income they produce may fluctuate and/or may be adversely affected by exchange rates.

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