Introductie Edgar van Oers

2. Introductie Edgar van Oers Studeerde aan de Zeevaardersschool van Amsterdam én Rotterdam. Na zijn afstuderen begon hij als stagiaire aan boord van schepen. Zeven jaar later, nadat hij alle rangen aan boord had doorlopen, werd hij kapitein. Vervolgens studeerde hij door in Kwaliteits- en Veiligheidsmanagement. Na zijn zee carrière werkte hij zes jaar voor Bureau Veritas als Ships in Service Surveyor and ISM / ISPS and ship management system auditor. In 2001 startte hij als Plant Manager Mid-Size hoppers and cutters and new building fleet at Royal Boskalis Westminster. Daarna is hij gaan werken bij Anthony Veder New Building Departments.

3. Shipping LNG on smaller scale • From business case to operation and onward 04 November 2011

4. Outline Anthony Veder LNG shipping, developing the market 04 November 2011

5. 1937 • Establishment • 1945 • WW II • 1968 • Gas tanker • 1990 • Focus on Gas • 2010 • CO2 & LNG Focus Anthony Veder - History Anthony Veder LNG shipping, developing the market 04 November 2011

6. Finance Business Development New building HR Chartering Operations SHEQ Technical Crewing Integrated ship owner Integrated departments • Introduction Supporting divisions Anthony Veder LNG shipping, developing the market 04 November 2011

7. Anthony Veder • Our longstanding clients Anthony Veder LNG shipping, developing the market 04 November 2011

8. New markets • Fleet development small scale LNG 18 3 Current trading area strategic development areas Anthony Veder LNG shipping, developing the market 04 November 2011

9. Our fleet • 9 Ethylene carriers • 9 Semi pressurised/fully refrigerated • 1 Fully pressurised LPG carrier • 1 CO2 carrier • 3 Mid size vessels (18-35,000cbm) for LPG and NH3 • 1 LNG/ethylene/LPG carrier • First combined LNG carrier in the world • High flexibility and maneuverability • Can use LNG as fuel / environmentally friendly vessel • Newbuilding program: • 1 LNG carrier 15,600 cbm, delivery Q4 2012 • 1 LNG carrier 6,500 cbm, delivery H1 2013 • 3 Ethylene carriers 6,500 cbm, delivery 2012 • LPG, LNG, Ethylene and CO2 Anthony Veder LNG shipping, developing the market 04 November 2011

10. Maritime - LNG as a fuel for ships Road - LNG as a fuel for trucks Power gen - Peak shaving - Remote areas - Islands - Domestic use Industry - Ports - Steel mills - Aluminum industry Small scale LNG • Markets Anthony Veder LNG shipping, developing the market 04 November 2011

11. Drivers Legal • Emissions from shipping reduction • Good for the environment & health and as such for the industry • Often costly and technically challenging solutions to adhere to these regulations Source: various DNV reports Environmental Anthony Veder LNG shipping, developing the market 04 November 2011

12. …and higher fuel efficiency Anthony Veder LNG shipping, developing the market 04 November 2011

13. Small scale LNG value chain • Shipping is key Anthony Veder LNG shipping, developing the market 04 November 2011

14. Development process Anthony Veder LNG shipping, developing the market 04 November 2011

15. Coral Methane 7,500 cbm LNG/LPG/Ethylene carrier • Ship designed in line with OCIMF standards • Ship designed to berth at both large and small scale LNG terminals • Two engine rooms installed • L = 118m • B = 18.5m • T = 6.5m Anthony Veder LNG shipping, developing the market 04 November 2011 15

16. Export from world scale terminals • Loading at Fluxys LNG terminal, Zeebrugge Anthony Veder LNG shipping, developing the market 04 November 2011

17. Export from world scale terminals • Loading at LNG terminal, Huelva Anthony Veder LNG shipping, developing the market 04 November 2011

18. Loading at small scale terminals Skangass facility Norway Anthony Veder LNG shipping, developing the market 04 November 2011

19. Loading at small scale terminals Skangass facility Norway Anthony Veder LNG shipping, developing the market 04 November 2011

20. Elevated manifolds Anthony Veder LNG shipping, developing the market 04 November 2011

21. Local regas terminals Norway by Gasnor Anthony Veder LNG shipping, developing the market 04 November 2011

22. Links in the chain • Ship to Ship Anthony Veder LNG shipping, developing the market 04 November 2011

23. Links in the chain • Ship to Truck, by Lyse Energi Anthony Veder LNG shipping, developing the market 04 November 2011

24. LNG shipping Knowledge and experience • Anthony Veder has developed in close conjunction with TGE the concept of a small scale LNG carrier • The Coral Methane has been in successful operation since 2Q 2009 for Gasnor and Skangass • This vessel is operated, maintained, crewed and kept in line with all industry rules and regulations by ourselves • Current employment is in NW-Europe, large terminal and Ship to Ship transfer experience Anthony Veder LNG shipping, developing the market 04 November 2011 24

25. Newbuilding Coral Energy 15,600 cbm LNG carrier • Ship designed in line with OCIMF standards • Ship designed to berth at both large and small scale LNG terminals • Wärtsilä Dual Fuel M & A Engines - Main Direct Driven • Option available for another LNG carrier 16,000 cbm; ready in H1 2013 • L= 156m • B = 23m • T = 7.4m • 300,000tpa LT TC Anthony Veder LNG shipping, developing the market 04 November 2011

26. Newbuilding Coral Anthelia 6,500 cbm LNG/LPG/Ethylene carrier • NB available 1H2013 • High/low manifold • Ideal for launching flows • L = 115 • B = 16.8 • T = 7 m Anthony Veder LNG shipping, developing the market 04 November 2011 26

27. LNG during new building • How to deal with “new” legislation • During design and new building • Rules are not defined • Rules interpretation • IMO; Class Rules; OCIMF; Flagstate • Knowledge of own personnel; class; yard and sub contractors • Co-operation with the parties is of major importance • Yard selection crucial • Interfacing of components needs attention • Gas zones in engine room in hull design Anthony Veder LNG shipping, developing the market 04 November 2011

28. Field Test of Gas Engines RR / Exxon • 5000 hrs of operation Anthony Veder LNG shipping, developing the market 04 November 2011

29. Field Test of Gas Engines RR / Exxon • 5000 hrs of operation Anthony Veder LNG shipping, developing the market 04 November 2011

30. Field Test of Gas Engines RR / Exxon Conclusion • Piston cleanliness • Low amount of deposits on top land • Excellent cleanliness of ring lands, grooves and ring pack • Excellent piston under crown deposit formation control • Liner in excellent condition: • Minor discoloration • No signs of corrosion/bore polishing • Low wear on piston ring grooves, piston rings, liner, bearings • Good cleanliness of cold engine parts (crankcase, cambox,...) considering engine operational conditions • Stable natural oil consumption (54 liters/day) • Efficient oil purification is possible Anthony Veder LNG shipping, developing the market 04 November 2011

31. LNG Operations Operational experience • Engine control / interfaces are as simple as HFO • Gas consumption in line with engine specs • Time Between Overhaul is longer • Total Cost of Ownership is equal • For non gas operators • New building team requires special knowledge • Engineers need specialism • Safety precautions are VERY strict • Bunkering is a stand alone operation • Rules not yet defined for manning Anthony Veder LNG shipping, developing the market 04 November 2011

32. Anthony Veder LNG shipping, developing the market 04 November 2011 32

33. Questions, contact details • Internet • www.anthonyveder.com • Email • shipman@anthonyveder.com • DirectEdgar van OersVan Vollenhovenstraat 3Rotterdam, The Netherlands+31 104 00 48 10 Anthony Veder LNG shipping, developing the market 04 November 2011