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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. June 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 June 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$658M • 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 June 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 June 2009

  4. Freight revenue by vessel type June 2009

  5. Fleet List & Contract Period June 2009

  6. New Building Vessels June 2009

  7. BDI YEAR INDEX(Jan. 1997 ~ 22 May 2009) June 2009

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

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

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

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