Recent developments in Chemical Carrier fleets

1. Recent developments in Chemical Carrier fleets Charles Barton Associate Consultant to Drewry Shipping September 2005

2. Existing fleets • Concentrate on Majors (7) with Deep Sea Services - Stainless Steel and Coated ships and CoA’s requiring regular services • Add 3 Asian Fleets that are growing and have potential to become Deep Sea Majors

3. Major’s current fleets

4. Asian chemical fleets

5. Other candidates • Dorval 18 ships - 2 recently sold • Serromah (Daitoh) 8 ships • Clipper Wonsild 22 ships • Eitzen 12 ships • Finaval 7 ships some not really chemical carriers • Marnavi 13 ships

6. Major’s new buildings

7. Asian new buildings

8. Other candidates new buildings • Dorval 3 ships - Avg 20,800 dwt 100% sus • Clipper Wonsild 17 ships - sus or M.L. • Eitzen 18 ships – 1 sus balance coated • Finaval no new buildings • Marnavi 1 ship (maybe 2) • Serromah (Daitoh) 3 ships fully sus

9. Major’s single side ships

10. Asian single side

11. Other candidates single side • Dorval 2 ships - Average 9,915 dwt • Clipper Wonsild 6 ships • Eitzen 6 ships • Finaval 0 ships • Marnavi 0 ships • Serromah (Daitoh) 0 ships

12. Major’s 2010 status

13. Asian fleets 2010 status

14. Chem-Tankers CV fleet 2005 status

15. 2004 US East Coast and Gulf to Far East