AGENDA

2

•Emergency Response

•STAR Management System

•ASP Tanker Management

•ASP Crew Management

•ASP Marine and Technical

Services

•ASP History

•Company Structures

•What We Do

•Our Strengths

•Our Standards and Culture

ASP HISTORY

1964 McIlwraith McEacharn and Adelaide Steamship Company merged to form Associated Steamships Pty Ltd (ASP)1991 Major shareholders had become Australian National Line and Cyprus Coal

1997 ASP Ship Management Group opens ASP Singapore

1998 ASP Ship Management Group opens ASP Glasgow

1999 ASP Ship Management Group opens ASP Ship Management India & ASP Crew Management India2001 ASP Ship Management Group opens ASP Finland

2002 ASP Ship Management Group acquires International Bunker Supplies (Australia)

1997 Pan Gulf Group acquired the ASP partnership, the name changed to “ASP Ship Management Group

2002 ASP Ship Management Group opens crewing operation in Manila (Philippines)

2003 ASP Ship Management Group opens Mariner Travel (Australia)

2007 ASP Ship Management Group acquires Universal Bunkering (Australia)

ASP HISTORY (cont.)

2008 ASP Ship Management Group opens crewing operation in Odessa (Ukraine)

2007 ASP Ship Management Group acquires Silver Fern Shipping (New Zealand)

2008 ASP Crew Management India opens a crewing office in Kolkata (India)

2010 ASP Ship Management Group opens crewing operation in Batumi (Georgia)

2010 ASP Ship Management Group opens Mariner Travel Mumbai (India) & Mariner Travel Odessa (Ukraine)

2011 ASP Ship Management Group opens crewing operation in Yangoon (Myanmar)

2011 ASP Ship Management Group enters joint venture for crewing operation in Dhaka (Bangladesh)

2011 ASP Crew Management India opens a crewing office in Chennai (India)

WellingtonWellington

OdessaOdessa

HamburgHamburg

MumbaiMumbai

ManilaManila

SingaporeSingapore

RockinghamRockingham

MelbourneMelbourne

GladstoneGladstone

LondonLondonMariehamnMariehamn

Kolkata Kolkata

Crew Management OfficeRepresentative OfficeFleet Management Office

MAP AND LOCATIONS

BatumiBatumi

YangonYangon

NewcastleNewcastle

DhakaDhaka

ASP PacificHoldings Pty Ltd

Australia

ASP Crew ManagementPhilippines

ASP Ship ManagementNewcastle,UK

ASP Crew ManagementSingapore

ASP Crew ManagementIndia

ASP Crew ManagementUkraine

ASP Ship ManagementGladstone, Australia

ASP Ship ManagementScandinavia

Mariehamn, Finland

ASP Ship ManagementMumbai, India

Mariner TravelMelbourne, Australia

Universal BunkeringMelbourne, Australia

ASP Ship ManagementRockingham, Australia

ASP Crew Management Australia

ASP Marine & Technical ServicesSingapore

ASP Ship ManagementMelbourne, Australia

ASP Ship ManagementHamburg, Germany

Silver Fern Shipping LtdNew Zealand

International Bunker SuppliesGladstone, Australia

ASP Ship ManagementSingapore

ASP Holdings Ltd

ASP SHIP MANAGEMENT GROUP OF COMPANIES

ASP Crew Management Myanmar

ASP Crew ManagementBangladesh

ASP Crew Management Georgia

ASP Singapore

GM Singapore

ASP Australia

GM Melbourne

ASP Holdings Board

ASP Holdings Group Group Managing Director

Melbourne

Group CFO

Melbourne

Fleet Financial Controller Singapore

Group IT

Melbourne

Group QA/Safety

TBC GM Singapore

Group PA

ASP UK

GM UK

ASP India

GM India

ASP Scandinavia

GM Mariehamn

ASP CMS Ukraine

ASP CMS India

Mumbai Kolkata Chennai

ASP CMS Australia

Melbourne

ASP CMS Philippines

ManilaGroup

Purchasing Team

Singapore

Group Dry-Docking Support

Singapore

SFSL NZ

GM Singapore

ASP Marine & Technical

GM Singapore

Group Finance Team

Group Chief Operating

Officer

Group Commercial/

Marketing

CMS SA

GM Singapore

ASP CMS Fleet Training

Mumbai Manila Odessa

ASP CMS Myanmar (agent)

YangoonASP CMS Georgia Batumi

ASP PACIFIC HOLDINGS

ASP CMS Bangladesh

Dhaka

INTEGRATED MARINE SERVICES

CREW MANAGEMENT

OFFSHORE INDUSTRY FSU AND MARINE

NAVAL ARCHITECTURE& MARINE ENGINEERING

COMMERCIAL MANAGEMENT

NEW BUILD PROJECTMANAGEMENT

TECHNICAL SHIP MANAGEMENT

BUNKER SERVICES

IT SERVICES

BUSINESS UNITS

Regional Fleet Management offices

Full range of skills in each office with diverse cultural backgrounds

Convenient access for clients to their manager

Quality Client Base

Detailed knowledge of regional markets, local taxation, and finance arrangements

Cutting edge IT systems ashore and afloat

Dedicated, Loyal, Seagoing and Shore Based Staff

Ability to provide integrated marine solutions

OUR STRENGTHS

QUALITY CLIENT BASE

10

OUR STANDARDS

11

ISM CODE

ISPS

ISO 9001

ISO 14001

ISO 18001

Green Awards

MEPA

INTEGRATED SAFETY & MANAGEMENT SYSTEM

We Manage Ships Safely

David Borcoski Group Managing Director

19th June 2009

MISSION STATEMENT

ASP EMERGENCY RESPONSE

Each operating company maintains fully equipped emergency response room

Dedicated telephone, fax & internet

Instant access to UK Hydrographic office for world wide chart portfolio

Full sets of ships drawings on site

Regularly updated contact details for Owners, Charterers Hull & P&I insurers, Search & Rescue & other support agencies with regional coverage/responsibility

Video conference facilities inter office

Regular drills both Desk Top & Full Simulation

Full access to Lloyds SERS (London) for damage stability calculations & salvage advice

Contract with “Well done” for instant Positive communication to responsible personnel in event of emergency triggered by Master

Media training for senior personnel

Oil spill response training for Line Managers

Client specific procedures developed and implemented

Practice, Practice & More Practice !

ASP EMERGENCY RESPONSE (Cont.)

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STAR – Management information

Operational Reporting

AXAPTA

Accounting information

Overdue planned maintenance

Scheduled planned maintenance

Cost & budget information

Incident recording

Management Reporting

Client Reporting

Statutory Reporting

STAR Management System

A Big Plus: Ships Crew Are Integrated Into The Management Team

Ship to Shore Synchronisation Twice DailyUsing E-mail Connection

STAR REPLICATION

There are comprehensive services for data extracting and

auditing like Star dashboard reports which provides a quick overview of the current status

and also display various trends etc. .

These reports can be distributed automatically and/or exported to

HTML file using our report distribution software.

SAFETY MANAGEMENT DASHBOARD

MICROSOFT AXAPTA/DYNAMICS

ASP accounting system for client reporting

Each vessel treated as a separate independent entity for accounting purposes (trust accounting)

At end of each month the STAR open purchase orders automatically feed into the accounting system as accruals

By 10th of each month, suite of financial reports available online for client review (VOCR, balance sheet, creditors ageing report etc)

ASP TANKER MANAGEMENT LTD

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VESSEL DWT YOB

ANATOLIA SEA 1,952 2005

BRITISH FIDELITY 46,803 2004

BRITISH LOYALTY 46,803 2004

LARCOM 1,800 1991

ZEMIRA 4,496 2007

WHITNAVIGATOR 1,700 2010

VESSEL DWT YOB

TOREA 37,069 2004

KAKARIKI 46,724 1999

TANKER FLEETSINGAPORE TANKER FLEET

NEW ZEALAND TANKER FLEET

AUSTRALIA TANKER FLEET

VESSEL DWT YOB

BOTANY TRIBUTE 12,306 2007

BOTANY TROUBADOUR 12,306 2007

SINGAPORE TANKER FLEET

ASP TANKER MANAGEMENT SINGAPORE

TMSA2

ASPTM KPI RECORD

ACCIDENT TREND GRAPH

ASP Crew Management is structured to provide the highest quality of crews and shore based personnel worldwide.

ASP has built a large pool of dedicated crews by strong emphasis on efficiency, effectiveness, commitment and professionalism.

ASP has partnerships with leading Maritime Colleges close to our Group Training centre's in Manila, Odessa, Mumbai, Kolkata, as well as Training Superintendents in all other ASP Ship Management centre's.

CREW MANAGEMENT SERVICES KEY STRENGTHS

CREW MANAGEMENT SERVICES CREW NUMBERS

Indian Ukrainian Pilipino Aust/NZ Finland UK

No. Retention % No. Retention % No. Retention % No Retention % No. Retention % No. Retention %

Officers 284 96% 240 97.2% 95 95% 208 98.2% 81 99.2% 75 94.5%

Ratings 231 95.5% 185 100.0% 255 92.5% 204 89% 89 97.0% 90 89.2%

515 425 350 412 170 165

EMPLOYEE RELATIONSHIP MANAGEMENT

ERM system provides up to date seafarer contact details/sea service history etc

Maintains all records in seafarers training/qualifications/EDR’s/travel visa’s for easy updating/action

Ensures seamless processing of monthly payroll

Allows easy online access for clients/Ship Manager

ASP Web site application form feeds directly in ERM database

Our Goal“Recruit, Train & Retain”

Expertise and Experience in: On site New Build Supervision Development of New Build Specifications & Contract negotiation Conversion and construction projects Surveys and Inspections Ship’s Life Extension Programs Offshore Marine Services including Offshore vessels operation Sale and Purchase, including pre-purchase inspection General Management Consulting

ASP MARINE & TECHNICAL SERVICES

HIGHLY COMPETITIVE SERVICE PACKAGE New building projects are not just about technical supervision. A wide range of “know how” is required at

various stages of each project. The input and consideration of relevant financial, technical, operational, commercial, technological and

environmental aspect is vital for the success of the project. With years of experience in shipbuilding we have acquired extensive expertise in catering for the requirements

of our clients in this area.

The following is an outline of a typical service package Inspection, evaluation and selection of shipyards Appraisal of building specifications Negotiations on building specification and Makers lists Plan Approval Attendance and evaluation of model tests Supervision during construction at the shipyard or at sub-contractors premises Attendance and evaluation of shop tests, dock and sea trials Follow up of Class and Flag state matters Storing up and preparation for sea service

ASP MARINE & TECHNICAL SERVICES

Project Management/New Building Experience 10 Year History Our project teams have been under taking new building supervision for several years and

accumulated a considerable amount of new building project management experience both in Europe and Asia. Our projects involved dry cargo ships, oil tankers, chemical tankers and oil field service vessels. NAPA & AUTOCAD software are used as design tools.

ASP MARINE & TECHNICAL SERVICES (Cont.)

Number Project Completion Location14 PROD/CHEM 7000-8000DWT 2001 Europe 1

2 Aframax 105000DWT Daewoo (2001-2002 2002 Korea 2

6 Product Tankers 13000 DWT (2006-2009) 2006 Korea 5

4 74,000DWT Bulk Carriers 2004 China 3

1 175,000DWT Bulk Carrier Hull No. W1042 2005 China 4

4 7,000DWT General Cargo Ships 2006 China 6

2 17,000DWT Chemical Tankers 2008 China

2 11,000DWT Chemical Tankers 2010 China

5 Post Panamax Dry Bulkers 2010 Japan

2+2 Supramax Dry Bulkers Current China

ASP TANKER MANAGEMENT COMMERCIAL

• Currently operating under term business with BP Shell IMT and Chevron.

• The only third party manager global approved to manage BP owned assets.

• Term management approval with major charterers eg. Stolt, Unicorn and Sargeants.

• Current back to back bareboat/ time charter (5 years ++) deals with all four oil majors.

• Group finance arranged for purpose built 3,500 DWT bunker tanker to be deployed within Group owned subsidiary 1st quarter 2013.

• Recent delivery to our UK ship management arm of two Group financed specialist offshore support vessels currently deployed under time charter in the North Sea.

• Currently negotiating as preferred tenderer with one oil major for turn key project involving financing of two new build tankers to be built and subsequently time chartered back to this particular oil major. New Build Construction,Technical and Crew Management will be undertaken by our in-house management teams.