Year

Spot Earnings $/day, difference from previous year-year data

NAV-Net asset value, difference from previous year

2002

6308/day

$347 m

2003

6308 − 17,451 = $3.9 m

347 − 576 = $229 m

2004

17,451 − 31,681 = $4.98 m

576 − 946 = $370 m

2005

31,681 − 22,931 = minus $3.1 m

946 − 891 = minus $55 m

2006

22,931 − 21,427 = minus $0.53 m

1221 − 891 = $330 m