DOMESTIC SHIPPING SECTOR

DOMESTIC SHIPPING SECTOR No. of Accredited Domestic Shipping Companies: 1998-2001 Particular Jan - Aug 2001 1 2000 1999 1998 No. of Companies 91 127 88 111 Type of Application New 32 38 39 53 Renewal 55 89 49 58 Paid-up Capital (P) 1,180,767,721.74 1,800,521,271.29 2,342,361,754.46 703,380,863.74 Type of Business Corporation 66 100 70 86 Single Proprietorship 17 25 17 23 Partnership 3 2-2 Cooperative 1-1 - Source: MARINA-DSO No. of Companies Endorsed to SEC/DTI for Registration: 2000-2001 Domestic Shipping 31 11 10 Overseas Shipping 7 7 2 Shipbuilding & Ship Repair 17 10 8 Others 66 26 43 No. of Approved Vessel Acquisitions: 2000 2001 (including fishing vessels) Importation 63 33 39 Bareboat Chartering 27 12 10 Local Construction 19 8 10 CPCS/PAs/SPs Issued: 2000-2001 Certificate of Public Convenience 800 386 443 Provisional Authority 1,229 633 674 Special Permit 2,378 1,232 1,144 1 4 companies with no information on type of application, type of business & paid-up capital 1

DOMESTIC FLEET INVENTORY As of December 1999 Type of Service Number Ave Age. Ave. GRT Total GRT Merchant Fleet 5,694 12 274 1,553,605 Passenger Ferry 307 10 53 16,111 Passenger Cargo 1,439 9 327 469,633 General Cargo 1,745 13 338 588,645 Container 21 25 2,647 55,591 Liquid Cargo/Lighterage 28 15 459 12,862 Barging 217 18 589 127,776 Tanker 197 16 916 180,443 Towing/Salvaging 475 19 80 38,151 Pleasure 101 7 19 1,880 Pilotage 12 33 14 166 Others 1,151 6 54 62,329 No Information 1 9 15 14 Fishing 22,128 9 14 302,912 T O T A L 27,822 10 1,856,518 Top Ten Domestic Shipping Companies as of December 1999 (in Terms of Tonnage) Rank Name of Company Total No. of Vessels Total GRT 1 W G & A Phils., Inc. 29 185,751.91 2 Sulpicio Lines, Inc. 31 147,332.27 3 Negros Navigation Co., Inc. 22 73,085.08 4 Lorenzo Shipping Corp. 7 45,805.34 5 Solid Shipping Lines, Inc. 10 37,352.67 6 Asian Shipping Corp. 52 32,145.32 7 Tsuneishi Heavy Industires (Cebu), Inc. 2 27,224.89 8 Frabelle Fishing Corp. 96 25,402.51 9 Trans-Asia Shipping Lines, Inc. 12 22,257.70 10 RBL Fishing Corp. 118 22,143.29 2

Top Ten Domestic Shipping Companies as of 2000 (in Terms of Paid-up Capital) Rank Name of Company Paid-up Capital (P 000) 1 Negros Navigation Co. 3,637,635 2 W G & A 1,496,599 3 Lorenzo Shipping Corp. 300,752 4 Herma Shipping & Transport Corp. 251,700 5 Sulpicio Lines, Inc. 213,252 6 PNOC Shipping & Transport Corp. 190,000 7 Solid Shipping Lines 125,000 8 Phil. Fast Ferry Corp. 105,116 9 MIS Maritime Corp. 100,000 10 NMC Container Lines, Inc. 86,500 Source: MARINA-DSO Domestic Shipping Companies as of December 2000 (in Terms of Paid-up Capital) Rank Name of Company Paid-up Capital (P 000) 1 Negros Navigation Co. 3,637,635 2 W G & A 1,496,599 3 Lorenzo Shipping Corp. 300,752 4 Herma Shipping & Transport Corp. 251,700 5 Sulpicio Lines, Inc. 213,252 6 PNOC Shipping & Transport Corp. 190,000 7 Solid Shipping Lines 125,000 8 Phil. Fast Ferry Corp. 105,116 9 MIS Maritime Corp. 100,000 10 NMC Container Lines, Inc. 86,500 11 Cargomarine Corp. 67,500 12 Transoil Corp. 60,000 13 Flagship Petroleum Carriers, Inc. 53,424 14 Petrolift Classed Carriers, Inc. 50,000 15 Gasoil Tankers, Inc. 45,000 16 Chem Tanker Corp. 45,000 17 Isla Negros Maritime, Inc. 44,360 18 Grand Asian Shipping Lines, Inc. 43,500 19 Escano Lines, Inc. 39,082 20 Isla Bohol Maritime, Inc. 36,000 21 Harvest Moon Tankers, Inc. 31,000 3

22 La Costa Shipping & Lighterage Corp. 30,000 23 George & Peter Lines 30,000 24 Guimaras Island Tanker, Inc. 29,000 25 Islas Gas Carriers, Inc. 28,800 26 Verde Island Tanker, Inc. 27,000 27 Core-Indo Maritime Corp. 25,200 28 Jones Carrier, Inc. 22,812 29 Great Lines Corp. 21,000 30 Oceanic Container Lines, Inc. 20,731 31 Gensan Trading & Shipping Corp. 20,000 32 Seatrans Corp. 17,750 33 Bullet Express Corp. 17,000 34 San Nicholas Lines, Inc. 16,500 35 Metro Oceanwide Shipping & Cargo Corp. 15,000 36 Jade Sea Express Corp. 15,000 37 Paros Maritime, Inc. 13,000 38 Mt. Samat Ferry Express, Inc. 12,500 39 Southland Express, Inc. 12,000 40 Mintrade Shipping Lines, Inc. 11,955 41 North Bay Shipping Corp. 10,500 42 Batangas Bay Carriers, Inc. 10,105 43 Sunshine Maritime Development Corp. 10,000 44 Cruise & Hotel Center, Inc. 10,000 45 Core Gas Carriers, Inc. 10,000 46 Aska Shipping, Inc. 10,000 47 Amporo Shipping Corp. 10,000 48 Uni-Orient Pearl Ventures, Inc. 9,750 49 William Michael Shipping Corp. 8,750 50 Roble Shipping, Inc. 8,150 51 SMC Shipping & Lighterage Corp. 8,000 52 Premier Shipping Lines, Inc. 8,000 53 Grand East Pacific Transport Corp. 8,000 54 Tropicana Express & Transport Corp. 7,757.9 55 FJP Lines, Inc. 7,500 4

56 Michael, Inc. 7,431 57 Filipinas Gas Carriers, Inc. 7,000 58 Petrotrade Phils., Inc. 6,500 59 Laguna Lake Carriers, Inc. 6,375 60 Amigo Shipping Corp. 6,076 61 Sweet Rose Svcs., Inc. 6,000 62 GB Shipping Lines 6,000 63 Fortune Sea Carrier, Inc. 6,000 64 Cebu Ferries Corp. 6,000 65 Core Maritime Corp. 5,970 66 Transbulk Carriers Corp. 5,510 67 Continental Mindanao Corp. 5,250 68 Socor Shipping Lines, Inc. 5,000 69 Lapu-lapu Shipping 5,000 70 EAGA Shipmanagement Co., Inc. 5,000 71 Buenavista Island Resort, Inc. 5,000 72 Eco Shipping 4,800 73 Santiago Navigation, Inc. 4,280 74 Century Transport Co., Inc. 4,154 75 Tri-Star Mega Link Corp. 4,000 76 Siment Transport, Inc. 4,000 77 FF Cruz Shipping Corp. 4,000 78 BCT Shipping Lines, Inc. 3,755 79 Long-Fran Gomez Survivors, Inc. 3,750 80 Sun Cruises, Inc. 3,500 81 Sulu Lines, Inc. 3,423 82 Edago Lighterage Phils., Inc. 3,050 83 Hosanna Shipping Corp. 3,000 84 Pearl Farm Beach Resort 2,962 85 Goodwill Lighterage Corp. 2,600 86 Philstone Shipping Corp. 2,500 87 MC Shipping Corp. 2,500 88 Maypalad Shipping Corp. 2,500 89 Delfin International Corp. 2,500 5

90 Bicolandia Lines, Inc. 2,500 91 Mae Wess Co., Inc. 2,300 92 JPS Shipping Corp. 2,219 93 San Juan Shipping Lines 2,100 94 DIMC Shipping, Inc. 2,050 95 Siberia Dragon, Inc. 2,000 96 Maru Transport, Inc. 2,000 97 Goldstar Shipping Lines, Inc. 2,000 98 Eastern Pacific Shipping Corp. 2,000 99 Cebu Trident Navigation, Inc. 2,000 100 Buenviaje Lighterage, Inc. 2,000 101 Buenos Aires Lighterage, Inc. 2,000 102 Buena Ventura Lighterage, Inc. 2,000 103 Isabela Maritime Corp. 1,875 104 Mandaue Shipping & Lighterage Corp. 1,851 105 V Lines, Inc. 1,800 106 Daruma Transport System, Inc. 1,750 107 J. B. & Sons Shipping Corp. 1,625 108 West Visayan Shipping Co., Inc. 1,500 109 Trigon Shipping Lines, Inc. 1,500 110 Milagrosa J Shipping Corp.,1500 111 Bords Transport Corp. 1,316.3 112 Santa Clara Shipping Corp. 1,250 113 Jehan Shipping Corp. 1,250 114 Harmony Express Transport Corp. 1,250 115 E. C. Fabula Corp. 1,250 116 E. B. Aznar Shipping Corp. 1,250 117 Gabisan Shipping Lines, Inc. 1,050 118 Talisay Shipping Lines, Inc. 1,021.4 119 Whale Shipping Corp. 1,000 120 Western Samar Shipping Lines, Inc. 1,000 121 VUC Shipping & Trading Corp. 1,000 122 Tandag Shipping Lines, Inc. 1,000 123 L & J Shipping, Inc. 1,000 6

124 J & N Shipping Lines Corp. 1,000 125 Golden Lines, Inc. 1,000 126 Alenter Marine Corp. 1,000 127 Southern Pacific Transport Corp. 972 128 Floronel Shipping Corp. 952.75 129 July Lighterage Corp. 931 130 La Isla Transport Corp. 705 131 Maayo Shipping, Inc. 650 132 Lucky Merchant Shipping Corp. 625 133 Inter-Island Maritime Corp. 625 134 Highlander Lighterage Phils., Corp. 575 135 Simpoi Shipping Corp. 550 136 Sulu Lines, Inc. 500 137 North Pacific Shipping Corp. 500 138 Nautica Transport Venture, Inc. 500 139 Marine Techniques, Inc. 500 140 East Asia Shipping Corp. 500 141 CEM Bulk Corp. 500 142 Bono Oil International Corp. 500 143 ABC Liner & Ferry Boat Svcs., Inc. 500 144 Triton Shipping Corp. 412.5 145 Rovi Navigation Lines, Inc. 340 146 Hijos de Juan Corrales, Inc. 280 147 Gravel & Sand Laborers Association, Inc. 106.4 148 Northern Mindanao Transport Co. 72.5 149 Daima Shipping Corp. 10,00 150 Inter-Island Gas Services, Inc. - Source: MARINA-DSO 7

TOP 50 COMPANIES as of December 1999 (in Terms of Tonnage) NUMBER OF COMPANY NAME OPERATING VESSEL TOTAL GRT WG & A, PHILIPPINES, INC. 29 185,751.91 SULPICIO LINES, INC. 31 147,332.27 NEGROS NAVIGATION CO., INC. 22 73,085.08 LORENZO SHIPPING CORPORATION 7 45,805.34 SOLID SHIPPING LINES, INC 10 37,352.67 ASIAN SHIPPING CORPORATION 52 32,145.32 TSUNEISHI HEAVY INDUSTRIES (CEBU), 2 27,224.89 FRABELLE FISHING CORPORATION 96 25,402.51 TRANS-ASIA SHIPPING LINES INC 12 22,257.70 RBL FISHING CORPORATION 118 22,143.29 NORTHERN MINDANAO TRANSPORT CO., 27 20,395.84 LOADSTAR SHIPPING CO., INC. 19 20,071.48 NATIONAL POWER CORPORATION 18 19,364.60 CANDANO SHIPPING LINES, INC. 29 18,979.35 PREMIER SHIPPING LINES, INC. 16 18,973.67 PNOC SHIPPING & TRANSPORT 9 18,164.86 SUN WARM FISHING SERVICES, INC. 29 16,304.46 MBRS LINES, INC. 4 13,592.81 MIS MARITIME CORPORATION 6 12,964.18 ISLAND INTEGRATED OFFSHORE SERVICE 36 12,755.18 APO CEMENT CORPORATION 3 12,013.00 FLAGSHIP PETROLEUM CARRIERS 5 12,011.48 EAST ASIA POWER CORP. 3 11,140.84 MALAYAN TOWAGE & SALVAGE CORP. 41 10,544.28 OCEAN TANKERS CORPORATION 13 10,489.68 VIVA SHIPPING LINES, INC. 18 9,571.42 HERMA SHIPPING AND TRANSPORT CORP. 16 9,537.29 SAL FISHING CORPORATION 60 9,471.20 SOUTH SEA FISHING VENTURES PHILS. 22 9,188.87 SMC SHIPPING & LIGHTERAGE CORP. 10 9,068.42 AVESTRUZ, EDUARDO 2 8,901.68 F. F. CRUZ & CO., INC. 19 8,704.38 MAJESTIC SHIPPING CORP. 12 8,168.57 PHILIPPINE SINTER CORPORATION 6 8,072.91 DMC CONSTRUCTION & EQUIPMENT RES., 4 8,044.96 UNION BULK MARITIME, INC. 3 7,876.20 LEIGHTON CONTRACTORS (PHIL) INC. 5 7,813.53 ALESON SHIPPING LINES, INC. 14 7,727.05 TERBAN MARINE CORPORATION 5 7,261.63 NORTH FRONT SHIPPING SVCS., INC. 21 7,223.10 SUPREME MARINE CO., INC. 3 6,891.03 OCEANIC CONTAINER LINES, INC. 3 6,790.11 GRAND ASIAN SHIPPING LINES, INC. 11 6,784.82 RD TUNA VENTURES, INC. 17 6,720.61 SAMPAGUITA SHIPPING CORPORATION 8 6,580.36 8

METROPOLITAN SHIPPING CO., INC. 20 6,348.26 SANTIAGO SHIPYARD SHIPBUILDING 5 6,223.30 TRANS-PACIFIC JOURNEY FISHING CORP. 28 6,215.66 COKALIONG SHIPPING LINES INC. 5 6,099.86 DFC TUNA VENTURE CORP. 16 6,069.55 OVERSEAS SHIPPING SECTOR Accredited Overseas Shipping Companies: 2000 2001 As of Dec. 2000 1st sem 2000 1 st sem 2001 Particular Number Paid-up Capital (P 000) Number Paid-up Capital (P 000) Number Paid-up Capital (P 000) MC No. 33/33-A 22 233,313 18 205,438 14 145,851 MC No. 9/6 24 20,088 10 6,723 11 25,376 Number of Approved Vessel Acquisitions: 2000 2001 Importation 4 2 - Bareboat Chartering 71 29 20 PHIIPPINE REGISTERED OVERSEAS FLEET INVENTORY: as of August 2001 TYPE OF SERVICE NUMBER TOTAL GRT TOTAL DWT AVE. AGE General Cargo 31 337,630.55 483,834.17 11 Bulk Carrier 122 3,219,296.00 5,467,065.92 7 Tanker 6 45,694.06 71,122.00 15 Multi-Purpose Carrier 6 50,939.00 61,449.30 13 Roll-on Roll-off 3 27,716.00 20,674.00 9 Reefer 10 57,526.85 63,204.00 18 Livestock Carrier 10 51,899.07 45,917.64 18 Car Carrier 12 337,377.00 163,127.72 16 Container/GC 3 69,091.00 82,327.00 13 Passenger 1 24,690.00 8,712.00 49 Dry Cargo 3 10,883.00 19,096.64 18 LPG Carrier 1 3,433.00 3,500.00 6 Wood Chip Carrier 14 558,770.00 661,150.00 5 T O T A L 222 4,794,945.53 7,151,180.39 10 Source: MARINA-OSO 9

Overseas Shipping Companies in Term of Paid-up Capital: 2000 Rank Name of Company Paid-up Capital (P) 1 Kasunduan Shipping Corp. 25,500,000.00 2 Leonis Navigation Co., Inc. 14,500,000.00 3 Dakila Ocean Navigation Corp. 14,500,000.00 4 Seastar Shipping Corp. 14,000,000.00 5 Kaunlaran Shipping Corp. 13,000,000.00 6 Bandila Shipping Inc. 13,000,000.00 7 Tropical Shipping Corp. 12,000,000.00 8 Asian Prosperity Lines, Inc. 12,000,000.00 9 Monterrey Shipping Corp. 11,500,000.00 10 Maria Shipping & Mgmt. Co., Inc. 10,875,000.00 11 Asian Lines Inc. 10,000,000.00 12 Uranus Maritime Corp. 9,937,500.00 13 Trenda World Shipping (Mla), Inc. 9,500,000.00 14 San Andres Shipping Corp. 9,500,000.00 15 Maranaw Luzon Shipping Corp. 9,500,000.00 16 Regent Shipping Corp. 9,000,000.00 17 Manila Bulk Carriers, Inc. 9,000,000.00 18 Transequator Shipping Corp. 7,000,000.00 19 Sea Express Lines Inc. 7,000,000.00 20 Neo-Marine Shipping Corp. 7,000,000.00 21 Jebsens Maritime Inc. 7,000,000.00 22 Abacast Shipping & Mgmt. Co., Inc. 7,000,000.00 T O T A L 242,312,500.00 Source: MARINA-OSO SHIPBUILDING AND SHIP REPAIR SECTOR Number of Licensed Shipyards: 2000 2001 New & Renewed License 152 78 72 Number of Shipyards Inspected: 2000 2001 Pre-qualification and Annual Monitoring 221 119 94 10

Total Number of Operating Shipyards by Region and Classification: as of December 2000 Region Classification SMALL MEDIUM LARGE OTHERS TOTAL NCR 44 6 2 105 157 I - - - - - II - - - - - III - - - - - IV 1-1 7 9 V - 1 - - 1 VI 8 1 1 46 56 VII 5 6 4 73 88 VIII - - - 2 2 IX 5 - - 2 11 X - - 1 8 9 XI 17 - - 28 45 XII - - - - - XIII - - - - - T O T A L 80 14 9 275 378 Source: MARINA-SRO Top Large Shipyards as of August 2001 (in Terms of Total Capacities) Rank Name of Company Total Capacity (DWT) 1 Subic Shipyard & Engineering, Inc. 1,012,500 2 Keppil Shipyard, Inc. 107,000 3 Tsuneishi Heavy Industries (Cebu), Inc. 65,500 Keppel Cebu Shipyard, Inc. 65,500 4 Herma Shipyard, Inc. 16,500 Sandoval Shipyard, Inc. 16,500 5 Phil. Iron Const. & Marine Works 13,500 6 FBM Aboitiz Babcook Marine, Inc. 10,000 7 F. F. Cruz & Co. 8,812 Source: MARINA-SRO Top Large Shipyards as of August 2001 (in Terms of Paid-up Capital Rank Name of Company Paid-up Capital (P) 1 Keppil Shipyard, Inc. 2,007,176,712.00 2 Subic Shipyard & Engineering, Inc. 1,023,022,107.00 3 Tsuneishi Heavy Industries (Cebu), Inc. 300,000,000.00 4 Keppel Cebu Shipyard, Inc. 298,000,000.00 5 F. F. Cruz & Co. 200,000,000.00 6 Phil. Iron Const. & Marine Works 107,387,342.00 7 Herma Shipyard, Inc. 12,750,000.00 8 FBM Aboitiz Babcook Marine, Inc. 10,000,000.00 Sandoval Shipyard, Inc. 10,000,000.00 Source: MARINA-SRO 11

MARITIME MANPOWER SECTOR Number of Seafarers Identification & Record Books (SIRB) Issued: 2000 2001 T O T A L 164,101 88,103 67,758 Note: For both Overseas and Domestic Number of STCW Certificates Issued: 2000 2001 T O T A L 39,368 24,087 5,183 Note: For both Overseas and Domestic Harbor Pilot Licensure Examinations Conducted: 2000 & 1 st sem 2001 Pilotage District/Year Month Conducted No. of Examinees No. of Passers No. of Licenses Issued 2000 Bicol January 6 6 11 Iloilo February 6 6 12 Batangas March 22 20 13 Aparri & Masinloc April 6 6 5 San Fernando May 9 4 2 Manila June 27 21 16 Davao July 10 10 2 General Santos August 5 4 7 Zamboanga September 0 0 10 Cebu October 14 12 2 Cagayan de Oro November 16 16 3 Zamboanga December 4 4 20 T O T A L 125 109 103 As of August 2001 Dumaguete January 0 0 10 Iligan February 6 4 15 Tacloban & Catbalogan March 5 5 7 Batangas April 6 6 3 General Santos May 0 0 4 Manila June 15 14 4 Iloilo July 0 0 1 Masinloc/Davao/Iloilo August 5 5 4 T O T A L 37 34 48 Source: MARINA-MHRDD 12

ADMINISTRATIVE AND FINANCE MARINA BUDGET (in P 000): 2000 & 2001 Item Adjusted Appropriation 2000 2001 Actual Appropriation Re-enacted Actual Obligations as of 1 st sem 2001 100 Personal Services 103,244 2 103,186 91,720 52,293 200 Maintenance & Other Operating Expenses 150,374 3 144,650 97,440 45,553 200 Capital Outlay 53,043 4 35,541 100 - T O T A L 306,661 283,377 189,260 97,846 Source: MARINA-Budget 2 includes GSIS RLIP 3 includes Special Budget 4 includes continuing appropriations 13