COMPANY PRESENTATION BRIEF INTRODUCTION COMPANY TIMELINE - - PowerPoint PPT Presentation

COMPANY PRESENTATION

• BRIEF INTRODUCTION
• COMPANY TIMELINE
• GLOBAL OFFICES
• BUSINESS OVERVIEW
• YARD NETWORK
• YARD FACILITIES
• DRYDOCKING PROCEDURE
• IMO 2020 SUMMARY
• RETROFIT PROJECT EXECUTION
• RECENT TRACK RECORD
• GLOBAL PARTNERS
• CONTACT US

2

3

“Newport Shipping UK LLP (“Newport”) is managed and owned by the founding members who have been involved in the ship repair industry since the 1960’s. With academic qualifications from the world’s leading maritime engineering universities today they have more than 70 years experience in ship repair, modification and ship building. In 1971 the founding members leveraged their expertise and experience in naval architecture and marine engineering to establish a shipyard in Turkey. All classes of vessels have been serviced by the founders who have experience and up-to-date modern know-how to build, repair and retrofit ships in an innovative manner with due regard to commercial considerations - both financial and capacity driven. Newport is established and registered in the UK which provides certain marketing and profile advantages. All ship repair projects are actively managed by senior personnel who are based at Newport’s office globally. Such spreading

• f

expertise globally provides important time-zone contact availability for clients.

4

1971

Founding members with academic and practical experience in shipbuilding, ship repairs and conversion active in the industry.

2013

Established Subsidiary Ecoships Gemi Isletmeciligi AS which managed 4 bulkers and 4 small chemical tankers as an investment project. Full technical and commercial management of shipyard in Turkey with more than 600 delivered repair and conversion projects executed.

2018

Global offices in Istanbul, Athens, London, New York, Singapore, Shanghai & Oslo. Corporate agreements with 8 shipyards in China, Singapore & Indonesia signed, as well as cooperation agreements with market leading engineering companies; Harris-PYE and Goltens. Initial scrubber supply contract signed with Weihai PUYI Environmental Technology.

2011

Newport Shipping UK LLP established.

2016

Existing management decided to expand the ship repair and conversion business worldwide and started opening global

• ffices in main shipping hubs.

2019

Additional cooperation agreements signed with scrubber manufacturer; Clean Marine and Middle East shipyards. Newport signs scrubber contracts making significant strides as IMO 2020 looms, with strong deal pipeline generated during 1Q19.

COMPANY TIMELINE

5

LONDON

FINANCING RISK GOVERNANCE MARKETING ATHENS

MARKETING TECHNICAL & ENGINEERING SHIPYARD TECHNICAL & ENGINEERING MARKETING INVESTOR RELATIONS MARKETING MARKETING TECHNICAL & ENGINEERING SHIPYARDS MARKETING TECHNICAL & ENGINEERING SHIPYARDS

ISTANBUL NEW YORK OSLO SHANGHAI SINGAPORE

GLOBAL OFFICES

DRYDOCKING

• 12 shipyards with 28 docks capable of

handling 2,100 repairs annually

• 40+ years experience handling vessel

design, construction and repair

• Strategically positioned within the lower cost

regions in the Atlantic and Pacific zones

• State of the art yards capable of handling all

vessel classes and sizes

RETROFIT

• Turnkey execution solutions for conversion

and retrofitting of EGCS / BWTS/ LNG/ ESS

• Comprehensive works: equipment

procurement, 3D scanning, class and detailed engineering and retrofit works at shipyard OR riding squad

• Guaranteed retrofit slot availability at partner

shipyards at Atlantic and Pacific

• Favorable equipment lead time for owners

from order to delivery at shipyard

Extended Repayment Terms

• 'Pay as you Earn' payment scheme that

minimizes cash outlay for shipowners

• 'All in One' invoicing to include cost for

equipment, spare parts, painting, etc.

• Up to 60% of total expense deferred over up

to 18 months after vessel redelivery

• Immediate earnings uplift for shipowners

through subsequent vessel operations

• No requirement for collateral or mortgage

which frees up working capital for owners

BUSINESS OVERVIEW

6

7

YARD NETWORK

• Newport has secured exclusive

cooperation agreements with individual shipyards to form a global network of strategically positioned shipyard facilities

• Twelve (12) yards with 28 docks

capable of handling approx. 2100 repairs annually of handling all vessel classes and sizes

YARD NETWORK

1. CICEK SHIPYARD, TURKEY 2. DRYDOCKS WORLD DUBAI, UAE 3. ARAB SHIPBUILDING & REPAIR YARD), BAHRAIN 4. OMAN DRYDOCKS COMPANY, OMAN 5. CSIC TIANJIN XINGANG, CHINA 6. CSSC GUANGZHOU WENCHONG, CHINA 7. ZHOUSHAN LONGSHAN SHIPYARD, CHINA 8. ZHOUSHAN HUAFENG SHIPYARD, CHINA 9. FUJIAN HUADONG SHIPYARD, CHINA 10. PAXOCEAN ZHOUSHAN, CHINA 11. PAXOCEAN SINGAPORE 12. PAXOCEAN PERTAMA, INDONESIA

YARD RD NAME FACIL ILIT ITIE IES

CICEK SHIPYARD Drydock 200m x 37.5m Wharfage Total 410m PAXOCEAN SINGAPORE Floating Dock #1 122m x 22.8m Floating Dock #2 195m x 34.7m Floating Dock #3 187m x 36.5m Wharfage Total 900m PAXOCEAN PERTAMA Floating Dock #1 235m x 40m Floating Dock #2 186m x 36.4m Wharfage Total 2,400m PAXOCEAN ZHOUSHAN Drydock #1 400m x 106m Drydock #2 380m x 80m Wharfage Total 576m CSIC TIANJIN XINGANG Drydock #1 520m x 120m Drydock #2 440m x 80m Wharfage Total 3,900m CSSC WENCHONG Drydock #1 360m x 65m Drydock #2 431m x 74m Wharfage Total 460m FUJIAN HUADONG Drydock #1 295m x 50m Drydock #2 375m x 72m Drydock #3 245m x 42m Wharfage Total 1,300m ZHOUSHAN LONGSHAN Drydock #1 235m x 40m Drydock #2 310m x 50m Wharfage Total 840m HUAFENG SHIPYARD Drydock #1 405m x 68m Drydock #2 275m x 45m Wharfage Total 1,520m DRYDOCKS WORLD DUBAI Drydock #1 366m x 66m Drydock #2 521m x 100m Drydock #3 411m x 80m Floating Dock #1 205m x 34m Wharfage Total 3,700m ASRY (Arab Shipbuilding & Repair Yard) Drydock #1 375m x 75m Floating Dock #1 252m x 44m Floating Dock #2 227m x 40m Wharfage Total 5,000m OMAN DRYDOCK COMPANY Drydock #1 410m x 95m Drydock #2 410m x 80m Wharfage Total 2,800m

YARD FACILITIES

8

DRYDOCKING PROCEDURE

RECEIPT OF TECHNICAL REPAIR SPECIFICATION BY THE SHIPOWNERS AGREEMENT WITH THE CLIENT PRELIMINARY BOOKING CONFIRMATION TECHNICAL PARTS ORDERS VESSELS ARRIVAL TO THE SHIPYARD VESSEL DELIVERY

With our qualified team globally we can work on the specifications and reply very promptly. Contract will be signed with the shipowner according to their technical specification. All technical parts can be ordered and delivered to the shipyard before the vessel’s arrival. Priority will be given at all our partner shipyards, after arrival shiprepair plan will be submitted and vessel will be delivered per contract time. Vessel re-delivery will take place upon signing Payment Guarantee Letter. Preliminary booking can be made for securing the estimated docking space and date. If the position of the vessel changes we can offer booking through

• ther shipyards within our network with identical contract terms.

9

10

The International Maritime Organization (IMO) has decided that the global fuel sulphur limit of 0.50% will enter into force in 2020. This requirement is in addition to the 0.10% sulphur limit in the North American, US Caribbean, North Sea and Baltic Emission Control

• Areas. Vessels that have exhaust gas cleaning systems installed will

be allowed to continue using High Sulphur Fuel Oil (HSFO). More than 70,000 ships will be affected by the regulation.

Owners options in response to IMO 2020

1

Switching from high-sulphur fuel oil (HSFO) to marine gas oil (MGO) or distillates

2

Using very-low sulphur fuel oil or compliant fuel blends (0.50% sulphur)

3

Retrofitting vessels to use alternative fuels such as LNG or other sulphur-free fuels

4

Installing exhaust gas cleaning systems (scrubbers), which allows

• peration on regular HSFO

▪ IMO 2020 is the global implementation standard enforcing a maximum sulphur cap on fuel content from 1 January 2020, lowering the current 3.5% limit. ▪ The IMO Marpol Annex VI “Prevention of Air Pollution from Ships”, first adopted in 1997 came into force in 2005, has established limits on sulphur content in bunker fuel, as well as the creation of Emission Control Area (ECA) in designated sea areas setting stricter sulphur content limits at just 0.1%. ▪ Marpol Annex VI started with a global cap of 4.5% before it was lowered to 3.5% in 2012. The steep reduction to a global 0.5% sulphur cap by 2020 was agreed in October 2016 by the IMO Marine Environment Protection Committee (MEPC). ▪ The use of Exhaust Gas Cleaning Systems (EGCS), also known as scrubbers, is a commercially available mitigation option for the shipping industry. ▪ Ships that have scrubbers modifications can continue to burn high sulphur bunker fuel from 2020 and comply with the 0.5% sulphur limit. Those vessels unable to retrofit their existing systems or owners preferring an alternative solution can purchase Low Sulphur Bunker Fuel oil (“LSFO”) specially blended by the refineries at additional cost to the ship operator. However, there is widespread concern around the availability and compatibility of these LSFO. ▪ In addition to scrubbers, the IMO adopted the International Convention for the Control and Management of Ships’ Ballast Water and Sediments in 2004 which came into force in September 2017. The regulation combats the transfer of evasive species in a ship’s ballast water by introducing requirements for

• wners

to implement regulated ballast water management procedures. Newport is active in the retrofitting of such ballast water treatment systems. ▪ Both retrofitting of scrubbers and ballast water treatment systems are complementary in addition to Newport’s core business offering of dry docking repairs and/or specialist survey requirements.

IMO 2020 SUMMARY

11

RETROFIT PROJECT EXECUTION

CONTRACT EFFECTIVE SUBMISSION OF DESIGN DRAWING TO CLASS SOCIETY CLASS APPROVAL OF DESIGN DRAWING DELIVERY OF RETROFIT SYSTEM REDELIVERY OF VESSEL

POST-DELIVERY FINANCING

POST-DELIVERY WARRANTY

PAYMENT MILESTONE

FREE UP WORKING CAPITAL

NO

Collateral

NO

Bank Guarantee

NO

Personal Guarantee

NO

Letter of Credit

• TURNKEY SOLUTIONS: equipment procurement, 3D scanning, class and detailed

engineering and retrofitting

• GUARANTEED SHIPYARD SLOT within Newport’s network of shipyards in the Atlantic

and Pacific.

• COMPETITIVE lead time on receipt of the down payment of the contract
• In-house on-site engineering & commercial team with reputable service partners
• 20-30 DAYS project period
• All contracts based on ENGLISH LAW

TRACK RECORD

RECENT TRACK RECORD

More than 300 projects completed to date

12 12

VESSEL NAME ME TYPE YEAR DWT COMP MPANY MT Emerald Oil Product Tanker 2019 47,302 SOCOMAR SRL SINGLE EAGLE (Ro Ro) Vehicle Carrier 2019 3,845 RANA MARITIME SERVICES SA MV OKEE ALICIA Container Ship 2019 23,419 OKEE MARITIME GMBH MV BAR Bulk Carrier 2019 35,000 BARSKA PLOVIDBA AD M/V VOLZHSKIY 47 General Cargo 2019 5,017 NORTH-WESTERN FLEET M/V PAVLOVSK General Cargo 2019 5,375 LINTER LLC MV SEDEF Container Ship 2019 12,485 TURKON KONTEYNER TASIMACILIK MT KIBAZ Oil Product Tanker 2019 47,094 KIBAZ SHIPPING LP MT OCEAN VENTURE Chemical / Oil Tanker 2019 49,995 OCEANGOLD TANKERS INC MT FALESIA Chemical / Oil Tanker 2019 5,213 ELBANA DI NAVIGAZIONE SPA MV SORMOVSKIY-48 General Cargo 2019 3,346 IS-BIR Shipping MT ARDMORE CHINOOK Chemical / Oil Tanker 2019 25,233 ARDMORE SHIPPING BERMUDA LTD MV WUHU Bulk Carrier 2019 39,182 CHINA NAVIGATION CO PTE LTD MV WUCHOW Bulk Carrier 2019 39,090 CHINA NAVIGATION CO PTE LTD MV OYSTER Container Ship 2018 9,503 NET DENIZCILIK TEKNIK HIZMET PANTHER Container Ship 2018 33,439 Element Shipmanagement SA LEON HERMES Chemical / Oil Tanker 2018 40,165 Leon Shipping & Trading SA LONE STAR Bulk Carrier 2018 35,000 WALLEM SHIPMANAGEMENT LTD AVRA 1 Bulk Carrier 2018 56,698 PALOMA SHIPPING CORP MT MAERSK REMLIN Chemical / Oil Tanker 2018 34,530

• V. SHIPS (GERMANY) GMBH

MOLESON Bulk Carrier 2018 34,266 SUISSE-ATLANTIQUE SOC. DE NAVIGATION MARITIME S.A MT LEFKARA Chemical / Oil Tanker 2018 49,996 WORLD TANKERS MANAGEMENT PTE LTD, SAFFET ULUSOY Container Ship 2018 9,481 UN RORO ISLETMELERI A.S. UND EGE Ro-Ro Cargo Ship 2018 9,865 UN RORO ISLETMELERI A.S. IBRAHIM DEDE Container Ship 2018 26,811 KALKAVAN SHIPMANAGEMENT & CO PEGASUS ACE Ro-Ro Cargo Ship 2018 14,348 MOL SHIP MANAGEMENT CO., LTD MT ZEFYROS Chemical / Oil Tanker 2018 50,155 BERNHARD SCHULTE SHIPMANAGEMENT BALTIC CAPTAIN I Chemical / Oil Tanker 2018 37,339 COLUMBIA SHIPMANAGEMENT LEYLA KALKAVAN Container Ship 2018 12,123 KALKAVAN SHIPMANAGEMENT & CO EKATERINA Bulk Carrier 2018 26,375 KOMA SHIPPING SERVICE LTD TAOKAS WISDOM Bulk Carrier 2018 31,943 WISDOM MARINE GROUP, TANAIS Bulk Carrier 2018 7,078 DON RIVER SHIPPING JSC MT SEA RIDER Chemical / Oil Tanker 2018 35,775 SEAWORLD MANAGEMENT & TRADING INC MSC ESHA Container Ship 2018 12,854 MEDITERRANEAN SHIPPING CO SA (MSC) GIOVANNI DP Chemical / Oil Tanker 2018 16,882 MARITIME PERFORMANCES BV MUKADDES KALKAVAN Container Ship 2018 26,811 KALKAVAN SHIPMANAGEMENT & CO MV CAFER DEDE Container Ship 2018 26,811 KALKAVAN SHIPMANAGEMENT & CO

GLOBAL PARTNERS

13

Office Contact Address Athens Stavros Leousis (O): +30 210 220 9199 (M): +30 695 547 7720 (E): stavros.lousis@newportshipping.com Nezer Christoforou 21 str. Glyfada, 16674 Athens Greece Istanbul Emre Cesim (O): +90 216 290 77 10 (M): +90 533 279 03 94 (E): emre.cesim@newportshipping.com FSM Mh Poligon Cd. Buyaka 2Sitesi 1 Blk.Kat: 11 Umraniye Istanbul Turkey London Wayne Stalley (O): +44 207 099 5252 (M): +44 (0) 7826 924 266 (E): wayne.stalley@newportshipping.com 8-9 Northumberland Street London WC2N 5DA United Kingdom New York (O): +1 646 380 6626 (E): newyork@newportshipping.com 1140 Avenue of the Americas 9th Floor, New York, NY 10036 USA Oslo Lianghui Xia (M): +47 9950 6658 (E): lianghui.xia@newportshipping.com 2nd Floor, Filipstad Brygge 1, 0252 Oslo Postboks 1433 Vika, 0115 Oslo Norway Shanghai Honggang Li (O): +86 21 2043 2288 (M): +86 180 1868 8383 (E): Honggang.li@newportshipping.com Room 602, Wanjia Mansion, No.377, Jingao Road, Pudong Shanghai, China Singapore Esmond Leong (O): +65 6208 8861 (M): +65 9168 8899 (E): esmond.ljk@newportshipping.com 1 Harbourfront Avenue #13-03 Keppel Bay Tower S(098632) Singapore

CONTACT US