SNC — Investor Presentation 2017

Jun 9, 2017

2017 Shipping Market

Sincere Navigation Corp. (2605)
Speaker：Lee Yih-Ren

2017 Bulk Shipping – Positive/Negative Factors

POSITIVE FACTORS:
US President Mr. Donald J. Trump’s New Economic Policy
China: One Belt One Road
International Convention Regulation (Ballast Water Convention)
PRC increase steaming coal import
New Building reduction
NEGATIVE FACTORS
Iron ore inventory at PRC close to 140M mt.
Over age vessels available for demolition to be reduced.
Supply and demand unbalance.

Charter Hire for Bulk Vessel

Capesize Vessel Freight/Hire

Notes:

Panamax Vessel Freight/Hire

Notes:

Charter Hire for Tanker

Notes:

VLCC WS & Hire

Notes:

New Building & Demolition Summary

Vessel Newbuilding Statistic

Vessel Demolition Statistic

SNC Fleet List

Existed Vessels:
Bulk Carriers:
Capesize: 9
Kamsarmax: 2
Handymax: 2

Tanker: 3

Newbuilding: 1 VLOC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME?(Expressed in thousands of New Taiwan Dollars, except earnings per share)

CONSOLIDATED BALANCE SHEETS?(Expressed in thousands of New Taiwan Dollars, except net worth per share)

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

Questions & Answers

§ The End §

Thanks for Listening.