SUBSCRIBER NOTE: Platts corrects Dec 8 Singapore bunkers and Dry Bulk TCE prices

Please note that the Platts Singapore delivered bunker assessments for 180 CST and 380 CST for December 8 have been corrected and should read as follows: Dec 8 CODE High Low Midpoint 180 CST Singapore delivered bunkers PUADW00 366.75 365.75 366.25 380 CST Singapore delivered bunkers PUAFT00 362.75 361.75 362.25 The above assessments appear in Platts Global Alert pages on page MH2850 in the S&P Global Platts price database under the codes listed above and in Platts bunkerwire.

The bunker prices are used in the calculations of Dry Bulk Time Charter Equivalents (TCE) and the correct values of the affected TCEs for December 8, 2016 is as follows:

TIME CHARTER EQUIVALENTS, DECEMBER 8 ($/DAY)

Capesize: PCTCE8 China-Japan range Saldanha Bay, SAfrica/Qingdao, China MRYBA00- 23,743 PCTCE3A China-Japan range Tubarao, Brazil Qingdao, China MRYCA00- 22,082 PCTCE3B ARA/passing Passero Tubarao, Brazil/Qingdao, China MRYDA00- 34,041

Panamax: PPTCE6e South China South Kalimantan, Indonesia Paradip,India CRYBA00- 11,913 PPTCE5 South China South Kalimantan, Indonesia Mundra, India CRYCA00- 11,855 PPTCE8 North China Hay Point, Australia Paradip, India MRYEA00- 11,176

Supramax: PSTCE22 Singapore South Kalimantan, Indonesia Paradip, India CRYFA00 - 10,815 PSTCE23 Singapore South Kalimantan, Indonesia Navlakhi, India CRYGA00 - 10,483

The above assessments appear in the S&P Global Platts Dry Freight Wire amd in the price database under the codes listed above.