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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. Dec 2006. 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 Dec 2006

  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$590M • Current fleet: 16 vessels, total 2.42 million dead weight tons • New vessels on order to be delivered in the next 5 year (up to 2ndQ 2011): 5 vessels • Current vessel Average Age: 5 years • Shipping Service: Bulk Carrier, Woodchip Carrier, Self-Unloader, and Crude Oil Carrier Dec 2006

  3. Current Business & Service • Ocean-Going Business: 93% • Bulk Carrier on Spot and Long-term Service • Woodchip Carrier on Long-terms Service • Crude Oil Carrier • Domestic Coastal Business:7% • CoalCOA Service • Sand/Stone Transportation Service • Main Clients: • Bocimar, Kline, Mitsui O.S.K.Line, SSE, Kleimar, Armada, Euronav, Hachiuma, COSCO H.Kong and Taipower Dec 2006

  4. Freight revenue by vessel type Dec 2006

  5. Fleet List & Contract Period Dec 2006

  6. New Building Vessels Dec 2006

  7. BDI YEAR INDEX(Jan. 1995 ~ Nov, 2006) Dec 2006

  8. STATEMENTS OF INCOME(Expressed in thousands of New Taiwan Dollars, except earnings per share) Dec 2006

  9. BALANCE SHEETS(Expressed in thousands of New Taiwan Dollars, except net worth per share) Dec 2006

  10. EARNINGS AND DIVIDENDS IN PAST TEN YEARS(Expressed in thousands of New Taiwan Dollars, except earnings and dividends per share) Dec 2006

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