| 1 Our business is global tramp shipping

ECO TANKERS

An operational challenge • Trading ECO tankers

economically

• Looking at masters and operators perspective

Capt. Steven Sandorff

Director

Head of Tanker Operations

| 2 Our business is global tramp shipping

ECO TANKERS – AN OPERATIONAL CHALLENGE

| 3 Our business is global tramp shipping

ECO TANKERS – AN OPERATIONAL CHALLENGE

Design

Equipment

Competent ship crew and shore staff

| 4 Our business is global tramp shipping

ECO TANKERS – AN OPERATIONAL CHALLENGE

Design

| 5 Our business is global tramp shipping

ECO TANKERS – AN OPERATIONAL CHALLENGE

Equipment

| 6 Our business is global tramp shipping

ECO TANKERS – AN OPERATIONAL CHALLENGE

| 7 Our business is global tramp shipping

ECO TANKERS – AN OPERATIONAL CHALLENGE

How difficult can it be

| 8 Our business is global tramp shipping

ECO TANKERS – AN OPERATIONAL CHALLENGE

| 9 Our business is global tramp shipping

ECO TANKERS – AN OPERATIONAL CHALLENGE

| 10 Our business is global tramp shipping