222 Kearny Street, Suite 305 ♦ San Francisco, CA 94108 ♦ Ph: (415)-397-2024 ♦ Fax: (415)-397-1545

1. 222 Kearny Street, Suite 305 ♦ San Francisco, CA 94108 ♦ Ph: (415)-397-2024 ♦ Fax: (415)-397-1545

2. Executive Summary • National Shipping of America is offering container ship service between Freeport, TX and Chester, PA starting 3Q/2007. • Door-to-door service will be available covering the needed drayage and delivery to the customer as well as container management • A reliable, safe, and environmentally friendly alternative to long-haul truck and rail for a multitude of products which can be containerized. (20 and 40 ft bulk, packaged goods and ISO containers). • Hazardous, non-hazardous, refrigerated containers, plus oversized loads • Four times more fuel efficient per ton mile than truck and 2 times more fuel efficient than rail • Relieves stress on an increasingly overburdened highway and rail infrastructure. • Cost competitive compared to other modes while providing extremely consistent and reliable transit times, thereby enabling opportunities for inventory optimization and reduction. • A reliable alternative in times of crisis, or incidents impacting the reliability of other modes (hurricanes, work outages, equipment shortages, driver shortages, etc.)

3. Current Business Climate • The U.S. transportation infrastructure is overburdened • Volume and rates are increasing for rail and truck • Increasing long haul trucking to compensate for longer and more unpredictable rail transit times In 2004 there were 12,977 hazmat incidents on the highway, 753 incidents on the rail and 15 incidents on the water

4. Rail Infrastructure

5. Service Profile • Fixed day of the week departure and arrival • Sails every 2 weeks • Transit times: • Freeport – Chester = 6 days • Chester – Freeport = 6 days • Terminal Operations • Port Freeport, Texas • Penn Terminals, Chester, PA • Commencement August 2007

6. Port Proximity To Major Cities Port of Freeport, TX $850 $ = est. cost of truck move $450 $400 Port of Chester, PA $300 $1000 $150 - $250 $700 - $850 $500 $200 - $300 Dray $200 $200 - $300

7. NSA Value PropositionCost & Cycle Time Example

8. “Waterborne Transportation is being rediscovered as an attractive alternative to other forms of transportation” • Reliable • Waterborne trade has been the backbone of American trade for hundreds of years • Transit times are very dependable • Schedules are maintained • Fuel Efficient • One gallon of fuel carries a ton of cargo 60 miles by truck, 202 miles by rail and 400 miles by ship • Safe • Hazardous materials can be transported without moving through major population centers or environmentally sensitive lands

9. NSA Value Proposition Provide reliable, rate competitive U.S. Gulf Coast to East Coast domestic freight transportation service • Door-to-door service • Intercoastal service alternative to compliment existing rail-truck-barge network • Ideally situated to accommodate high-value/service sensitive commodities • A perfect fit for bulk commodities, hazardous, out-of-gauge and raw materials that require a predictable consistent service offering environment • Ability to expand market coverage for both international and domestic providers

10. NSA Value Proposition Environmental Friendly • Safest mode available for transport • Lower air emissions (the greenest way to transport) • Lower risk of accidental releases to the environment Safe • Reduce hazmat accidents by avoiding passenger traffic and populated area • Cargo is less susceptible to vandalism, tampering/use in terrorism • Governed by high safety standards

11. Management Team Dr. C.C. Chen, Chairman • Founder of Wan Hai Lines in 1965 one of the first short sea carriers in Asia Torey Presti, President • 30 years experience in ocean transportation with U.S. Lines, APL and Gulf Pacific Lines Arlene Mariano, Vice President • 15 years experience in ocean transportation with Inchcape Shipping , Madrigal-Wan Hai Lines, TPL and Gulf Pacific Lines Advisory Consultants: • Bill Aldridge – former president of DHL-Exel’s International supply chain product with 25+years of international ocean and logistics experience • Mike Scherm - President, Savvy Business Matters, LLC – logistics and supply chain consulting, 33 years in the chemicals and plastics industry with Union Carbide, Solvay and BP Solvay General Agent – Norton Lilly International

12. Time Charter DescriptionM/V National Glory Built 1988; rebuilt 2007 U.S. Flagged – Jones Act Classification: ABS Type: Container, Cellular, Gearless LOA: 149 M Breadth Molded: 22 M Fully loaded draft: 9.14 M Deadweight (at depth 9.14M)= 14,000 MT GRT/NRT: 11,576/ 9000 Main Engine: Sulzer 6 RTA58- slow speed diesel Nominal Output: 9630 BHP (7080 kw) Bow thruster forward Speed at Full Draft: About 15 knots@ 28T HFO+2.0T MDO Container Intake: 575 TEUS@11T homogeneous Accommodations: Crew 15, Passengers 12, Pilot 1 • Deck stack weights: 20ft containers 55 tons • 40ft containers 80 tons ALL FIGURES ARE “ABOUT”

13. M.V. National Glory Container Arrangement

14. Timing Is Right for Short Sea • An alternative solution • Options are desirable and needed • Competitive with other modes • Highly reliable, consistent, on-time service • Positive environmental impact • Safety in transporting hazardous materials has become a serious issue • Politically on the radar screen • It makes sense