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 US2

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“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 of expertise globally provides

important time-zone contact availability for clients.

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1971Founding members with

academic and practical

experience in shipbuilding, ship

repairs and conversion active in

the industry.

2013Established 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.

2018Global 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.

2011Newport Shipping UK

LLP established.

2016Existing management decided

to expand the ship repair and

conversion business worldwide

and started opening global

offices in main shipping hubs.

2019Additional 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

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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 retrofitting of

e.g. EGCS & BWTS.

• Comprehensive works: equipment

procurement, 3D scanning, class and

detailed engineering and retrofit works at

shipyard OR riding squad

• 8 month scrubber lead time from order to

delivery at shipyard

• Guaranteed retrofit slot availability at partner

shipyards at Atlantic and Pacific

FINANCING

• '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

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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. CSCS 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 NAME FACILITIES

CICEK SHIPYARD Drydock 200m x 37.5mWharfage Total 410m

PAXOCEAN SINGAPOREFloating Dock #1 122m x 22.8m

Floating Dock #2 195m x 34.7m

Floating Dock #3 187m x 36.5m

Wharfage Total 900m

PAXOCEAN PERTAMAFloating Dock #1 235m x 40m

Floating Dock #2 186m x 36.4mWharfage Total 2,400m

PAXOCEAN ZHOUSHANDrydock #1 400m x 106m

Drydock #2 380m x 80mWharfage Total 576m

CSIC TIANJIN XINGANGDrydock #1 520m x 120m

Drydock #2 440m x 80m

Wharfage Total 3,900m

CSSC WENCHONGDrydock #1 360m x 65m

Drydock #2 431m x 74mWharfage Total 460m

FUJIAN HUADONG

Drydock #1 295m x 50m

Drydock #2 375m x 72m

Drydock #3 245m x 42m

Wharfage Total 1,300m

ZHOUSHAN LONGSHANDrydock #1 235m x 40m

Drydock #2 310m x 50mWharfage Total 840m

HUAFENG SHIPYARDDrydock #1 405m x 68m

Drydock #2 275m x 45mWharfage 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 COMPANYDrydock #1 410m x 95m

Drydock #2 410m x 80mWharfage Total 2,800m

YARD FACILITIES

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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 technicalspecification.

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 spaceand date. If the position of the vessel changes we can offer booking throughother shipyards within our network with identical contract terms.

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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

1Switching from high-sulphur fuel oil (HSFO) to marine gas oil (MGO) or distillates

2Using very-low sulphur fuel oil or compliant fuel blends (0.50% sulphur)

3Retrofitting vessels to use alternative fuels such as LNG or other sulphur-free fuels

4Installing exhaust gas cleaning systems (scrubbers), which allows operation on regular HSFO

▪ IMO 2020 is the global implementation standard enforcing a maximum sulphurcap on fuel content from 1 January 2020, lowering the current 3.5% limit.

▪ The IMO Marpol Annex VI “Prevention of Air Pollution from Ships”, firstadopted in 1997 came into force in 2005, has established limits on sulphurcontent 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 to3.5% in 2012. The steep reduction to a global 0.5% sulphur cap by 2020 wasagreed 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 sulphurbunker fuel from 2020 and comply with the 0.5% sulphur limit. Those vesselsunable to retrofit their existing systems or owners preferring an alternativesolution can purchase Low Sulphur Bunker Fuel oil (“LSFO”) specially blendedby the refineries at additional cost to the ship operator. However, there iswidespread concern around the availability and compatibility of these LSFO.

▪ In addition to scrubbers, the IMO adopted the International Convention for theControl and Management of Ships’ Ballast Water and Sediments in 2004 whichcame into force in September 2017. The regulation combats the transfer ofevasive species in a ship’s ballast water by introducing requirements forowners 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 arecomplementary in addition to Newport’s core business offering of dry dockingrepairs and/or specialist survey requirements.

IMO 2020 SUMMARY

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RETROFIT PROJECT EXECUTION

CONTRACT EFFECTIVE

SUBMISSION OF DESIGN

DRAWING TO CLASS SOCIETY

CLASS APPROVAL OF

DESIGN DRAWING

DELIVERY OF SCRUBBER

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 of scrubber

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

and Pacific.

• EIGHT (8) MONTHS lead time is guaranteed 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

No. VESSEL NAME TYPE YEAR SIZE (DWT) COMPANY

1 MV OYSTER Container Ship 2018 9,503 Net Denizcilik Teknik Hizmet

2 PANTHER Container Ship 2018 33,439 Element Shipmanagement SA

3 LEON HERMES Chemical / Oil Tanker 2018 40,165 Leon Shipping & Trading SA

4 LONE STAR Bulk Carrier 2018 35,000 WALLEM SHIPMANAGEMENT LTD

5 AVRA 1 Bulk Carrier 2018 56,698 PALOMA SHIPPING CORP

6 MT MAERSK REMLIN Chemical / Oil Tanker 2018 34,530 V. SHIPS (GERMANY) GMBH

7 MOLESON Bulk Carrier 2018 34,266 SUISSE-ATLANTIQUE SOC. DE NAVIGATION

MARITIME S.A

8 MT LEFKARA Chemical / Oil Tanker 2018 49,996 WORLD TANKERS MANAGEMENT PTE LTD,

9 SAFFET ULUSOY Container Ship 2018 9,481 UN RORO ISLETMELERI A.S.

10 UND EGE Ro-Ro Cargo Ship 2018 9,865 UN RORO ISLETMELERI A.S.

11 IBRAHIM DEDE Container Ship 2018 26,811 KALKAVAN SHIPMANAGEMENT & CO

12 PEGASUS ACE Ro-Ro Cargo Ship 2018 14,348 MOL SHIP MANAGEMENT CO., LTD

13 MT ZEFYROS Chemical / Oil Tanker 2018 50,155 BERNHARD SCHULTE SHIPMANAGEMENT

14 BALTIC CAPTAIN I Chemical / Oil Tanker 2018 37,339 COLUMBIA SHIPMANAGEMENT

15 LEYLA KALKAVAN Container Ship 2018 12,123 KALKAVAN SHIPMANAGEMENT & CO

16 EKATERINA Bulk Carrier 2018 26,375 KOMA SHIPPING SERVICE LTD

17 TAOKAS WISDOM Bulk Carrier 2018 31,943 WISDOM MARINE GROUP,

18 TANAIS Bulk Carrier 2018 7,078 DON RIVER SHIPPING JSC

19 MT SEA RIDER Chemical / Oil Tanker 2018 35,775 SEAWORLD MANAGEMENT & TRADING INC

20 MSC ESHA Container Ship 2018 12,854 MEDITERRANEAN SHIPPING CO SA (MSC)

21 GIOVANNI DP Chemical / Oil Tanker 2018 16,882 MARITIME PERFORMANCES BV

22MUKADDES

KALKAVANContainer Ship 2018 26,811 KALKAVAN SHIPMANAGEMENT & CO

23 MV CAFER DEDE Container Ship 2018 26,811 KALKAVAN SHIPMANAGEMENT & CO

RECENT TRACK RECORD

More than 300 projects completed to date 1212

Shipyard partners Marine Service partnersEquipment supplier

partners

GLOBAL PARTNERS

Office Contact Address

Athens Charalampos G. Sarantitis(O): +30 210 220 9199(M): +30 694 817 55 19(E): charalampos.sarantitis@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 1Blk.Kat: 11 Umraniye Istanbul Turkey

London Colin Manchester(O): +44 207 099 5252(M): +44 (0) 7741 647755(E): colin.manchester@newportshipping.com

8-9 Northumberland StreetLondon WC2N 5DAUnited Kingdom

New York (O): +1 646 380 6626(E): newyork@newportshipping.com

1140 Avenue of the Americas9th Floor, New York, NY 10036 USA

Oslo Lianghui Xia(M): +47 9950 6658(E): lianghui.xia@newportshipping.com

2nd Floor, Filipstad Brygge 1, 0252 OsloPostboks 1433 Vika, 0115 Oslo Norway

Shanghai Daniel Feng(O): +86 21 3319 5106(M): +86 186 1602 3131(E): daniel.feng@newportshipping.com

Room 602, Wanjia Mansion,No.377, Jingao Road, PudongShanghai, China

Singapore Roy Yap(O): +65 6208 8861 (M): +65 9722 9834(E): roy.yap@newportshipping.com

1 Harbourfront Avenue#13-03 Keppel Bay TowerS(098632) Singapore

CONTACT US