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Sincere Navigation Corporation 新興航運股份有限公司 Stock Code: 2605

Sincere Navigation Corporation 新興航運股份有限公司 Stock Code: 2605. March 2009. Company Overview.

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Sincere Navigation Corporation 新興航運股份有限公司 Stock Code: 2605

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  1. Sincere Navigation Corporation 新興航運股份有限公司 Stock Code: 2605 March 2009

  2. Company Overview • Incorporatedby the founder Mr. V. K. Eddie Hsu in 1960. Currently still controlled by the founder’s family. The founder’s history in shipping can be traced back to the 1920 in Shanghai China. • IPO in TWSE in December 1989 • Current Market Capitalization: US$440M • Current fleet: 17 vessels, total 2.52 million dead weight tons • New vessels on order to be delivered in the next 3 year (up to 4thQ 2011): 4 vessels • Current vessel Average Age: 6 years • Shipping Service: Bulk Carrier, Woodchip Carrier, Self-Unloader, and Crude Oil Carrier March 2009

  3. Current Business & Service • Ocean-Going Business: 95% • Bulk Carrier on Spot and Long-term Service • Woodchip Carrier on Long-terms Service • Crude Oil Carrier • Domestic Coastal Business: 5% • CoalCOA Service • Sand/Stone Transportation Service • Main Clients: • Bocimar, NYK, Mitsui O.S.K.Line, Rio Tinto, Korea Line, Armada, Euronav, Hachiuma, COSCO H.K. and Taipower March 2009

  4. Freight revenue by vessel type March 2009

  5. Fleet List & Contract Period March 2009

  6. New Building Vessels March 2009

  7. BDI YEAR INDEX(Jan. 1997 ~ 13 Feb 2009) March 2009

  8. STATEMENTS OF INCOME(Expressed in thousands of New Taiwan Dollars, except earnings per share) March 2009

  9. BALANCE SHEETS(Expressed in thousands of New Taiwan Dollars, except net worth per share) March 2009

  10. EARNINGS AND DIVIDENDS IN PAST TEN YEARS(Expressed in thousands of New Taiwan Dollars, except earnings and dividends per share) March 2009

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