PERIODICAL NEWSLETTER

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2009/1 PERIODICAL NEWSLETTER M.V. Marietje Andrea Artist Impression Barkmeijer Shipyards

NAVIGATING THROUGH THE DOLDRUMS, PLANNING FOR BETTER TIMES NEW DESIGN 1800 Of all business sectors, the transport and maritime industries are traditionally among the first to be affected by economic downturn. On the other hand, the more pragmatic among us realise that our sector will also be the first to benefit when the economy starts to pick up again. The most accomplished "sailors" in our business not only put all their efforts into navigating their enterprises through the inevitable market calms, but they also lay down plans during more difficult times so that they are better placed for market recovery. For those who combine confidence with future vision, we hope that our latest developments as recorded in this Newsletter will help set the right course. Let us all hope that the financial sector will get back on an even keel before too long, and that common sense and entrepreneurship will prevail instead of the restoration of old financial models. Above all, we would like to see owners rewarded for enduring and getting through these exceptionally tough times. We trust that you will enjoy reading this Newsletter, and we remain at your disposal should you require further information or clarification. Best regards, Guus van der Bles Leo van Ingen NEW DESIGN 4500 We highlighted our new Single Hold Conotrader 8500 concept in Newsletter 2008/2. At that time, we presented the initial result of work on a design tool for single hold vessels optimised to the new IMO SOLAS Damage Stability Regulations. An advanced version of the 8500 single hold design has now been prepared, and is introduced in the following pages. Marketing of the design has begun, and we shall shortly be able to offer a complete project package, including available building slots at Conoship related, reputable shipyards worldwide. We are pleased to report that the Conoship member yards have relatively strong orderbooks, although delivery openings as early as 2010 can be offered for sea-river vessels. Diversification in the product range from Barkmeijer Shipyards and Intervak Shipyards & Construction not only provides a stronger market platform, but also enables Conoship to promote its specialised services across a wider range of ship types. Our latest achievements in this regard could be a topic for inclusion in our next Newsletter. Front cover: 8200tdw MPP vessel Marietje Andrea Yard : Barkmeijer Shipyards, Stroobos, The Netherlands Owner : Wagenborg / Fam. H.J. Danser, Delfzijl, The Netherlands For a foreign account Conoship developed this container fitted multipurpose steel carrier. The cargo area is divided into a small hold forward and a large hold aftward and the tank top has been reinforced up to a cargo load of 20 t/m 2 to carry steel coils as well as other heavy cargo. With applying Finnish/Swedish ice class 1A, the vessel will be capable for navigation in ice. The hull has been optimized for a trail

TDW MPP VESSEL TDW MPP VESSEL Last year, Conoship International B.V. developed a typical low-profile coaster of 1800 tons of cargo capacity. This design features an airdraught of not more than 8.40 m above ballast draught arrival, which makes the vessel ultimately capable for service into seaports and inland ports in Scandinavia, UK and other West- European areas. With a main engine reduced to 749 kw, the vessel can reach a service speed of 10 knots. The manoeuvrability of this new design will be enhanced by a 180 kw bowthruster. 81.00 m Length between p.p. 77.30 m Breadth moulded 11.42 m 4.70 m Draught (design) 3.35 m 1800 ton Gross tonnage (abt.) 1650 Speed (service) 10 kn Auxiliary engines (2x) Emergency generator 749 kw 124 kw 64 kw 180 kw Hold dim. 53.95 x 9.12 x 6.04 m Cargo hold capacity 104500 cb.ft. MDO 75 m 3 Gasoil 20 m 3 Potable water 35 m 3 Ballast water 1200 m 3 speed of 16 knots. For carrying reefer containers, the design has been equipped with 50 reefer plugs. 111.70 m Length between p.p. 105.98 m Breadth moulded 15.85 m 8.00 m Draught (design) 5.50 m 4550 ton Speed (trail) 16 kn 4000 kw 350 kw Auxiliary engines (2x) 200 kw Emergency generator 150 kw 350 kw Hold dimensions Hold 1 12.60 x 13.20 x 8.10 m Hold 2 55.30 x 13.20 x 8.10 m Cargo hold capacity 237800 cb.ft. Tank top load 20 t/m 2 Container capacity (total) 377 TEU HFO 280 m 3 Gasoil 57 m 3 Potable water 65 m 3 Ballast water 2600 m 3

SINGLE HOLD CONOTRADER 8500 In a previous Newsletter we have highlighted the reason for development of this single hold vessel. At that time we only could show the intermediate results. We received many reactions and ideas from the shipping industry which resulted in an updated design with even better capabilities. Also Classification Societies came out with ideas for detailed construction lay out and hull structural strength particulars. The results are shown in this Newsletter. Beside better stability characteristics the increase in width will offer better strenght capabilities. The crane capacity is increased to 120/150 ton per crane with the ability to operate in tandem mode. Transformation and location of the superstructure enables a free length over deck (on hatch covers) of over 100 m. Although price estimations and delivery moments for this design are being generated by Conoship related shipbuilding yards in the world, the design is not frozen yet. We are aware that owners and/or charterers will have their own specific preferences and demands which have impact on the design. 132.75 m Length between p.p. 125.50 m Breadth moulded 16.80 m (approx.) 10.50 m Draught (approx.) 7.70 m (approx.) 8500 ton Speed (trial) 14.5 kn Gross tonnage 6895 Auxiliary engines (3x) 4000 kw 350 kw 750 kw 450 kw Hold dim. 87.32 x 13.20 x 10.05 m Cargo hold capacity 445000 cb.ft. HFO 542 m 3 Gasoil 88 m 3 Potable water 35 m 3 Ballast water 4172 m 3

UNDER CONSTRUCTION 4450 TDW CARGO VESSEL M.V. RHODANUS Owner: Builder: ShipCom Bereederungs GmbH, Duisburg, Germany Chowgule Company PVT. Ltd., Goa, India So far a total number of 20 vessels out of this successful series of Chowgule Shipyards have been ordered by Dutch, British and German owners. Last April, the m.v. Rhodanus has been launched and is now in the phase of outfitting. This series features a single boxshaped hold with a raised hatch coaming, which will be covered by 10 pontoon hatches. The vessel is designed for trading bulk products and steel coils. Therefore the vessel has a strengthened tank top to load up to 15 t/m 2 and can be loaded aground. 89.95 m Length between p.p. 84.94 m Breadth moulded 14.40 m 7.35 m Draught 5.80 m 4450 ton Gross tonnage 2984 Speed (service) 11.5 kn Auxiliary engine 1500 kw 312 kw 168 kw 250 kw Hold dim. 62.30 x 11.70 x 8.10 m Cargo hold capacity 204825 cb.ft. Container capacity (total) 148 TEU HFO 284 m 3 Gasoil 40 m 3 Potable water 50 m 3 Ballast water 1900 m 3

BIJLSMA TRADER 4500 M.V. STROOMBANK Owner: Builder: Pot Scheepvaart, Delfzijl, The Netherlands Bijlsma Shipyards B.V., Lemmer, The Netherlands The m.v. Stroombank is one vessel out of a successful series of single deck dry cargo vessels, which has been developed for several Wagenborg affiliated owners. The cargo hold section consists of one boxshaped compartment with ballast tanks in the double hull and double bottom. The obstruction free hold can be subdivided into three compartments by two adjustable grain bulkheads. When not in use the bulkhead sections can be stored in such way that they do not encroach upon the ship s cargo hold space. The hull has been optimized in view of speed, power and deadweight aspects. The main propulsion plant consists of a 1860 kw diesel engine, sufficient for a service speed of 12.5 knots. 89.95 m Length between p.p. 84.98 m Breadth moulded 14.40 m 7.35 m Draught 5.83 m 4530 ton Gross tonnage 2999 Speed (service) 12.5 kn Auxiliary engine 1860 kw 312 kw 188 kw 250 kw Hold dim. 63.00 x 11.70 x 8.40 m Cargo hold capacity 214000 cb.ft. Container capacity (total) 106 TEU HFO 430 m 3 Gasoil 32 m 3 Potable water 50 m 3 Ballast water 1800 m 3

5600 TDW MULTI PURPOSE VESSEL M.V. FLINTERREBECCA Owner: Builder: C.V. Scheepvaartonderneming Flinter Rebecca, Barendrecht, The Netherlands Barkmeijer Shipyards B.V., Stroobos, The Netherlands Barkmeijer Shipyards completed two identical multipurpose vessels. The m.v. Flinterrebecca and m.v. Flinterrachel both have a capacity of more than 5600 tdw. As a further continuation of the 4500 tdw series, the single hold reaches a length of 72.20 m and has a capacity of 244000 cb.ft. The vessel is equipped for unrestricted navigation and is able to transport all kind of cargo, including containers and some types of dangerous cargo in bulk in accordance to regulation 19 of the SOLAS. During the development of the vessel, special attention has been paid to reduce the noise and vibration levels, which resulted in a very calm and quiet ship. 98.80 m Length between p.p. 94.80 m Breadth moulded 14.00 m 8.50 m Draught 6.12 m 5620 ton Gross tonnage 3442 Speed (service) 12 kn Auxiliary engines (total) 1800 kw 350 kw 168 kw 250 kw Hold dim. 72.20 x 11.50 x 8.35 m Cargo hold capacity 244000 cb.ft. Container capacity (total) 166 TEU HFO 264 m 3 Gasoil 20 m 3 Potable water 67 m 3 Ballast water 1968 m 3

CONOSHIP: THE INTERNATIONAL MATCHMAKER IN THE MARITIME INDUSTRY Conoship provides marketing, sales, research, development, design and engineering activities for the maritime industry. For more information about Conoship and activities, please visit our website www.conoship.com Over the years, Conoship has built up a network in the shipbuilding and shipping industry. Originating from a group of shipyards in the Northern part of Holland, it has expanded its Newbuilding capacities by collaboration with worldwide located associated shipyards. Conoship supports the process from achieving a firm contract with the owners up to delivery of the vessel. THE MEMBER SHIPYARDS OF CONOSHIP INTERNATIONAL B.V. Barkmeijer Shipyards, The Netherlands Bodewes Shipyards, The Netherlands Intervak Shipyards & Construction, The Netherlands Royal Niestern Sander, The Netherlands BUSINESS PARTNERS SEDS, Smart Engineering and Design Solutions Ltd., India Algoship Brokers Ltd., Bahama s LEONARD SPRINGERLAAN 9, GRONINGEN, THE NETHERLANDS P.O. BOX 6029, 9702 HA GRONINGEN, THE NETHERLANDS TELEPHONE + 31 50 526 88 22, TELEFAX + 31 50 525 22 23, E-MAIL CONOSHIP@CONOSHIP.COM, WEBSITE WWW.CONOSHIP.COM