Capt. Marc Nuytemans, FNI

CEO EXMAR Shipmanagement

11 March, 2010

Mature markets vs others

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High cost

managementLow cost

management

Short-term

perspective

long-term

perspective

bulk

LPG

Chemicals

Oil

LNG

Leading edge

technology: regas,

STS, floating

reliquefaction…

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Chemicals

Total Operating costs

The evolution of the global Marine & Manning scene

Officer supply/ demand

Wages

Dry cgo vsl ($/month served)

Tanker ($/month served)

Source: Dewry 2009

Wage evolutions

Crew Retention

Exmar’s view