TANKER REPORT - 15 Tankers to Transit the Dardanelles and Bosphorus Straits

Forex - There are no issues regarding transit passages through the Istanbul and Dardanelles Straits, which are the most important routes for transporting oil from the countries of the Black Sea region to the world.

According to a report received via email from Tribeca Maritime Services, a total of 15 tankers are expected to pass through the straits today.

No adverse weather conditions are expected in either strait over the next two days.

• Average Waiting Time (Days) -                         Tanker Size                         ---------------   -------------- Dardanelles North Direction       0.2-0.7           5.0-5.5 Dardanelles South Direction       0.3-0.8           4.0-4.5 Istanbul North Direction        0.3-0.8           3.0-3.5 Istanbul South Direction        1.0-1.5           2.7-3.2

• 200+ Tanker Passage Schedule -                                              Last 24                               Passage      Queued    Hourly     Marmara                         To Be Made    Waiting    Incoming    Ports                         -------     ----     --------  ----------   Dardanelles North Direction      9          13         4         6 Dardanelles South Direction      0          10         2         2 Istanbul North Direction       3           8         2         1 Istanbul South Direction       3           6         2         0