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illllls IH i HI PRINCIPAL WORLD SHIPBUILDING CONTRACTS RECORDED — 1995 — Ferliship is an international commercial strategy consultancy. The company develops commercial strategies and international marketing programs for the Spanish shipbuilding sector. Particularly, the company's Shipbuilding Industry Div. makes short, medium and long range market research reports and advises according to projected development. Ferliship's database, covering the entire International Shipbuilding Registry, allows the company to do general research, top level reports, as well as market research in all aspects. For more information, contact: Ferliship, San Francisco de Sales No. 8, 28003, Madrid, Spain; tel: +341 441 41 38/40 96; fax: +341 441 41 38. Owner/Operator Shipyard Type No. TEU TPM APO OCEAN S.A. HASHIHAMA BULK CARRIER 1 45,000 BHP TRANSPORT DAEWOO HEAVY INDUSTRIES BULK CARRIER 1 164,000 BLACK SEA SHIPPING OKEAN SHIPYARD BULK CARRIER 6 70,000 COSCO SANOYASU BULK CARRIER 2 45,000 Dl NAVIGATION E FINCANTIERICASTELLMARE BULK CARRIER 3 74,500 EFPLOIA SHIPPING HITACHI ZOSEN BULK CARRIER 3 71,000 GEARBULK DALIAN NEW SHIPYARD BULK CARRIER 2 46,000 GOLDEN UGHT OVERSEAS KANASAHI BULK CARRIER 1 28,500 HALLA MERCHANT MARINE HALLA ENG AND HI BULK CARRIER 2 70,000 IRISL BRODSPLIT BULK CARRIER 2 21,800 JAPANESE INTEREST KAWASAKI HI BULK CARRIER 1 171,100 JOHN M. CARRAS HALLA BULK CARRIER 4 168,000 KLINE mfr •/ e v 'Mi:jv' ' DAEWOO HEAVY INDUSTRIES BULK CARRIER 1 170,000 Is./ v> L/AIN OWD - BOTTIGLIERI CHARTER BURMEISTER &WAIN BULK CARRIER 1 74,500 MITSUI O.S.K. LINES SANOYAS BULK CARRIER 1 46,500 MOEBIUS SHIPPING HITACHI ZOSEN BULK CARRIER 1 NAVIX KANDA SHIPBUILDING CO. BULK CARRIER 2 23,000 NYK ONOMICHI BULK CARRIER 1 23,400 PACIFIC BASIN BULK SHIPPING HUNDONG SHIPYARD BULK CARRIER 1 27,000 GT Car/Trailer/PaxM. Cw. Delivery 26,400 38,000 17,450 16,000 88,500 39,100 PACIFIC BASIN BULK SHIPPING SEIHO KAIUN TOP GLORY TRITEA MARITIME LTD. UNKNOWN GUNDEMARHUBE H. CORP MITSUHAMA GERMAN GOVERNMENT DEN NORSKE AMERIKANLINJE W.WILHELMSEN HERMAN BUSS KG ALPHA SHIPS CONTI REEDEREI COSCO DANAOS SHIPPING DIETER TAMKE EGON OLDENDORFF ERICA NAVIGATION GERMAN INTEREST GERMAN INTEREST H. BUSS HARTMANN HELMSHIP, BRAKE HERM DAUELSBERG ISLAMAR IYI DENIZ TENOISERI KIENG HUNG MARITIME NORDDEUSTCHE VERMOGENSANLAGE PROJEX SCHIFFAHRTS- GESELLSCHAFTGDYNIA SPIC WODAN SHIPPING CARNIVAL CRUISE UNE CH AMBON -CARNIVAL JAPANESE INTEREST ANTILLES TRANS EXPRESS BUOUEBUS 10/95 12/96 96/97 96/97 96/97 97 9/95 96 96/97 3/96 3/97 2/96 11/95 9/96 97 Price 25 42 30.2 43 26 18.5 XINGANG SHIPYARD BULK CARRIER 2 27,000 97 19 KANREI BULK CARRIER 1 8,200 5,330 7/95 OSHIMA BULK CARRIER 2 96 27.5 ALABAMA SHIPYARD BULK CARRIER 4 27,000 25 BALAMBAN SHIPYARD BULK CARRIER 1 10,000 96 WENHOU EASTERN BULK CARRIER 2 3,300 MITSUI BULK CARRIER 2 46,000 27,000 96 24.22 MITSUI BULK CARRIER 1 46,000 27,000 96 24.22 MACHINEFABRIEK MAASKANT BUOY-LAYING 1 SUMITOMOHEAVY INDUSTRIES CAR CARRIER 1 6,000 96 MHI COMBI 1 2,800 45,000 10/96 80 MTW CONTAINER 2 1,618 96 16 GDYNIA CONTAINER 2 1,600 25,000 96 28 DAEWOO CONTAINER 6 3,660 4/97 KYOKUYO CONTAINER . 4 600 9,000 96 GDANSK STOCZNIA CONTAINER 3 3,500 97 45 SZCZECIN CONTAINER 1 1,700 DALIAN CONTAINER 2 1,200 28.000 97 22 IWAGI CONTAINER 1 626 9,000 9,300 9/95 BLOHM+VOSS CONTAINER 1 1,544 20,280 96 ELBEWERFT BOIZENBURG CONTAINER 1 300 3,500 3/96 PETERS WEWELSFLETH CONTAINER 1 7,015 4,984 10/95 PATTJE S. OF WATERHUIZEN CONTAINER 2 450 6,000 96 23 ELBEWERFT BOIZENBURG CONTAINER 1 300 3,500 6/96 GDYNIA CONTAINER 2 1,900 33,000 96 33 HYUNDAI CONTAINER 1 35 YARDIMCI CONTAINER 2 380 5,500 96 SHIN KU RUSH IMA CONTAINER 1 23,650 17,800 6/96 BLOHM & VOSS CONTAINER 1 1,500 2/96 HYUNDAI KOREA S. CONTAINER 3 2,800 34,900 96/97 35 POLAND CONTAINER 2 2,000 96/97 MHI CONTAINER 1 1,128 15 000 13,500 12/95 DAE DONG SHIPBUILDING CONTAINER 4 ' 544 6,300 96/97 18 FINCANTIERI MONFALCONE CRUISE 1 110,000 2,600 98 CH. NAVAL DE MARSEILLE CRUISE 70 HOLLAND AMERICA LINE FINCANTIERI MARGHERA CRUISE 1 62,000 1,320 97 HONDA DREDGER 1 2,100 749 7/95 MARINTEKNIK SINGAPORE PTE. L. FERRY 1 5/95 E.N.BAZAN FERRY 1 1,200, 250 April, 1995 95