Date, end-

Tanker sector profits $ billion

Profits dry cargo sector $ billion

1997

23

8

1998

20

5 low

1999

10 low

5 low

2000

35

10.5

2001

40 1st peak

~10

2002

11

7

2003

44

22

2004

71 2nd peak

48 1st peak

2005

56

32

2006

58

40

2007

50

74 2nd peak

Total

$381b

$238b (63% of tankers)