Møregruppen

Mid Norway-Rosyth Ropax ferry service

Bodø, September 2nd. 2005

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Agenda

Introduction and background Why Mid-Norway ? Market potential What lies ahead ?

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Møregruppen AS

Established … June 2004

Objective Establish a ferry service between Mid-Norway and Scotland, with

connection to continental Europe Board members

Lorentz G. Boxaspen (Chairman of the Board) (Grieg Logistics) Svein Monsø (Kom Vekst) Roar Harsvik (Destination Kristiansund & Nordmøre) Ivar Gjøstøl (Vest Supply)

Working group members Lorentz G. Boxaspen (Grieg Logistics) Jan Erik Nilsen Netter (Norconsult) Roar Harsvik (Destination Kristiansund & Nordmøre) Per Arne Westavik (Destination Kristiansund & Nordmøre) Rolf Kåre Sæther (Sparebanken Møre) Roar Lervik (Northern Maritime Corridor) Alfred Baird (Northern Maritime Corridor)

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Introduction

Why a new ferry service from mid Norway ? The most important export area in Norway No international ferry service to/from this

region today Lack of a relevant RoRo transport/tourist

corridor to UK and the western parts of Europe Time and cost savings with a direct sealink

from Mid-Norway to UK/continent Norwegian tourist market with the highest

consumption per capita in Europe (tax-free, high income etc)

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Market potential

Tourism Cargo

General cargo Oil & Gas

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Population

Bergen (Hordaland and Sogn og Fjordane) 545.000 inhabitants

Mid-Norway 636.000 inhabitants

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Population and freq.

Hordaland and Sogn & Fjordane Population: 545.000

Mid Norway: Population: 636.000

Bergen: Three ferry – connections Denmark

Fjord Line Color Line

Newcastle Kristiansund: 2006/2007

Rosyth/Edinburgh!

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Fjord Line-figures 2004

Bergen - England: 174.000 pass. Bergen – Danmark: 314.000 pass.

Cargo units – England: 4.365 Cargo units – Denmark 26.352

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The highest ranked destinations in the world.

Kristiansund

Rosyth

Oslo

Paris

Norwegian Fjord and the Scottish Highland

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Overnight stays - 2004

Total stays in hotel,cabin, guest-houses, Norway 24.000.000 + 6,1% Fjord Norway 5.600.000 + 4,2% m. share N: 23 % Hordaland 2.150.000 + 6,1% m. share N: 9 % Møre og Romsdal 1.150.000 + 4,5% m. share N: 5 %

Foreigners Norway 8.300.000 + 6,9% Fjord Norway 2.100.000 + 2,8% m. share N: 25 % Hordaland 831.000 + 4,4% m. share N: 10 % Møre og Romsdal 370.000 + 2,9% m. share N: 4 %

Great Brittain. Norway 560.000 +12,2% Fjord Norway 231.000 + 9,3% m. share N: 41 % Hordaland 113.000 + 7,6% m. share N: 20% Møre og Romsdal 16.000 + 24,0% m. share N: 3 %

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Cargo export – Mid-Norway

County code County Tons14 Sogn og Fjordane 2.873.55015 Møre og Romsdal 7.273.95216 Sør og Nord Trøndelag 1.276.36618 Nordland 3.543.824

Total export 14.967.692

Figures in tons

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Cargo export from Mid-Norway

Code Boarder passing TonsTR10 Vessel 13.907.111.150TR12 Railw ay carriage on board vessel 22.331TR16 Truck on board ferry 81.240.398TR17 Trailer on board ferry 15.600.263TR20 Railw ay 421.886.976TR23 Trailer on board railw ay 4.407.345TR30 Truck 508.111.072TR40 Air 29.004.387TR50 Post 15.030TR90 Ow n carrier 294.000

Total export 14.967.692.952

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Estimated total cargo potential

Corrected for process industrial cargo, we estimate the total general cargo share to be 5 mill. tons/year for the whole region.

Example;

2 freq. per week104 round trips/year10.000 freight units/yearExport 8.000 units (80 %) gives 77 units per tripImport 2.000 units (20 %) gives 19 units per trip

Based on a potential of 5 mill tons, we need 3,2 % of the yearly volum to fill up the vessel.

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Cargo – Oil & Gas

In addition to the general cargo Mid-Norway and the oilfield base Vestbase handle yearly all supplies to/from the oilfields outside Krisiansund and Norskehavet

The link between mid-Norway and Aberdeen/Scotland are to day weekly served by SC Aberdeen.

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Vestbase AS, Kristiansund – Cluster for the oil industry in Mid-Norway

• 50-60 companies established / represented at Vestbase• Wide range of companies established close by Vestbase / Kristiansund• Broad range of services and materials• Major factor for success• Win-win for both suppliers and customers• HSE cooperation and focus.(Mind set zero)• Ideal geographical location• Largest oil-related cluster in Mid-Norway

• Easy accessible harbour, close to the coast line• Close to airport and helicopterterminal(4min)• Close to the city centre (10 min)

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 To/From Kristiansund Draugen

Heidrun

Åsgard A

Åsgard B Njord Norne

Distance (NM) 160 200 250 250 250 350

Sailing time (12kn) 6,5h 10h 12h 12h 6,5h 15h

Flying time 45min 60min 70min 70min 45min 90min

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Current vs. future situation – savings in kilometer

Cur. Fut. Saving Cur. Fut.Kristiansund

Rosyth 2 096 0 (2 096) Via Zeebrugge RosythLondon 1 040 701 (339) Via Brevik/Imm. Rosyth

Immingh. 760 469 (291) Via Brevik/Imm. RosythZeebrügge 2 096 0 (2 096) Via Kiel Rosyth

Paris 2 371 410 (1 961) Via Kiel Rosyth/Dover/C.

Kristiansund Remarks

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Current vs. future situation – savings in EUR

RemarksCur. Fut. Saving Savings in % Cur. Fut.

KristiansundRosyth 3 613 337 (3 276) (90,68) Via Zeebrugge RosythLondon 1 793 1 596 (197) (10,96) Via Brevik/Imm. Rosyth

Immingh. 1 310 1 243 (67) (5,12) Via Brevik/Imm. RosythZeebrügge 3 613 539 (3 074) (85,08) Via Kiel Rosyth

Paris 4 087 1 121 (2 966) (72,57) Via Kiel Rosyth/Dover/C.

Kristiansund

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Current vs. future situation – savings in hours

Cur. Fut. Saving Cur. Fut.Kristiansund

Rosyth 58 30 (28) Via Zeebrugge RosythLondon 58 40 (18) Via Brevik/Imm. Rosyth

Immingh. 49 39 (10) Via Brevik/Imm. RosythZeebrügge 48 48 0 Via Kiel Rosyth

Paris 52 53 1 Via Kiel Rosyth/Dover/C.

Kristiansund Remarks

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Cargo-target and target groups Transfer cargo from road to sea by

focusing on cost and time savings as well as intermodal transport solutions Freight forwarders in Norway as well as

Scotland/UK and in continental Europe. Export manufacturers in Norway as well as

Scotland/UK and in continental Europe.

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Volumes to be needed !

Year 1 : 65 100 pax, 12 152 cars, 8 224 trucks Year 2: 72 600 pax, 13 552 cars, 9 021 trucks

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What lies ahead ?

A tender process to be started in Sept 05in order to find an operater for the service.