Stolt Tankers Riga September 2015 Stolt Tankers

Stolt Tankers Riga September 2015

Stolt Tankers Introductions Capt. Igor Segeda n Global Manager – Sea Personnel Visiting you to introduce Stolt Tankers and to answer any questions you may have 2

Stolt Tankers What do you know of Stolt? 3

Stolt Tankers Stolt-Nielsen Limited Stolt Tankers Stolt Tank Containers Stolthaven Terminals Stolt-Nielsen Gas Stolt Bitumen Service Stolt Sea Farms 4

Stolt Tankers Strength In Diversity 5

Stolt Tankers History of Stolt-Nielsen company Stolt-Nielsen has a history of diversifying and innovation, making it company with a past and future. 1959 - First operating company formed, Parcel Tankers Inc. , with 1 ship, Stolt Avance, the first chemical tanker in history 1971 - The Company acquired first storage terminal 1972 - Sea Farm A/S established in Norway 1982 - Stolt Tank Containers was set up 1988 - The Company went public on Stock Market 2007 - Stolt-Nielsen announced the establishment of Stolt. Nielsen Gas and Stolt Bitumen Services More than 5, 100 employees world wide with 43 offices in 26 countries. More details on the Stolt-Nielsen. com. 6

Stolt Tankers Fleet of Stolt Tankers 88 owned ships under technical and crew management 87 Chemical tankers and 1 bitumen – 3900 sea staff Ships sized from 4, 000 DWT – 90 meter LOA to 40, 000 DWT – 176 meter LOA More ships under charter contract but also crewing is then outsourced. Gas ships are also not crewed through Stolt Tankers 7

Stolt Tankers JO ACQUISITION 8

Stolt Tankers Fleet planning SNSO fleet changes ST recycle/sale/JV exit ST NB JO Trading End of year # ships 2015 2016 2017 0 -8 -6 4 6 1 4 0 8 88 88 103 2018 -2 0 3 5 103 Total -16 10 8 13 ST fleet age 2016: 13. 1 yr ST/JOT fleet age 2016: 12. 9 yr 9

Stolt Tankers 2016 - 2017 Delivery six 38, 000 dwt stainless steel parcel tankers

Stolt Tankers Hello – Goodbye

Stolt Tankers Important points As owner of the fleet our seafarers sail on, the focus is on maintaining standards and protecting our investment Fleet is split between regional fleets and deep-sea fleets with global coverage Time in port will allow crew to go ashore Port berths are not like VLCC at quays at sea Fleet has internet on board as crew welfare package Tankers give inherent stability in rough seas 12

Stolt Tankers Joint Service - Parcel Tankers TAS 24 FR 48 PACS 12 ` ANZ 6 13

Stolt Tankers Joint Service - Chemical Tankers EXP-CHEMS 16 UMR 12 EXP-ACID - 2028 AG-USA 12 AG-EU - 3640 SHUTTLE - 10 -12 LAS (WEST) - 12 -15 SAF - 1012 LAS (EAST) 24 14 BAJ 12

Stolt Tankers: Regional Trade Routes SNIES Regular service in North West Europe, UK East and West Coast, German North Sea and Southern Scandinavia, Bay of Biscay, the Iberian Peninsula and the Mediterranean Sea. Fully stainless steel, double hull, high-spec chemical tankers with cargo capacities ranging from 4, 200 dwt to 5, 250 dwt SNITS Inland parcel tanker service in Antwerp, Rotterdam, Amsterdam area as well as up the Rhine up to Switzerland STOLTCHEM FLEET A joint-venture with Sinochem providing high quality coastwise chemical transportation service in China. Stainless ships with capacities ranging from 3, 200 dwt to 3, 700 dwt Rotterdam Seoul Shanghai Houston Tokyo Taipei Dubai Singapore SNICS Regular service to all markets in the Gulf of Mexico/Caribbean Sea, including the north coast of South America. Stainless steel and coated cargo space, with capacities ranging 8, 500 dwt to 12, 000 dwt 15 SNAPS Round voyage service between South-East Asia and North-East Asia to Australia/New Zealand, India and Pakistan; voyage frequency varies from monthly to four sailings a month, depending on the trade route. Mainly stainless steel capacity ranging from 8, 800 dwt to 13, 000 dwt SNIAS North-East Asia service focused mainly of transshipment of deepsea cargo to consolidate berth calls and optimize port calls

Stolt Tankers Sea Personnel Department – Sea staff pool: Manning Team AWMAR Manning Team LAPA Manning Team PRIMTANCO Manning Team STBV Manning Team SNXYS Manning Team PENTAGON Manning Team UT-STC STBV (EUROPEAN) SNPI (FILIPINO) LAPA (LATVIAN) PRIMTANCO (RUSSIAN) SNXYS (CHINESE) UTSTC PENTAGON (VIETNAM) (INDIAN) 172 2148 608 580 268 69 4. 4% 55. 0% 16. 0% 15. 0% 6. 4% 1. 6% Manning Team Philippines AWMAR (POLISH) TOTAL 21 16 3879 0. 8% 0. 4% 100. 0%

Stolt Tankers Cargo of Stolt Tankers is specialized in the most complex cargoes on complex ships Dealing with these cargoes requires complex operations to maintain these cargoes But also edible oils and even whiskey And many types in between 17

Stolt Tankers Customers 18

Stolt Tankers Joining the Best in Class Only through being safe and knowledgeable about our business can we operate We build the most complicated ships because we are the only ones able to operate them We ensure we have all you need to do the job safe, be it equipment or instructions Stolt Tankers was shortlisted for the 2015 International Seafarers' Welfare Awards This award is rated by the seafarers who rated Stolt Tankers as one of the best 19

Stolt Tankers Operational Excellence “We believe operational excellence comes through the focus on safety and by continuously working on improving the way we operate through team work and education” Safety Culture in place and training levels Focusing on Safety awareness and empowering employees Safety culture indicates we have proven low accidents rates compared to shipping/tanker industry Benchmarking shows half the industries average personal injury rates 20

Stolt Tankers Joining Stolt Tankers As mentioned the Stolt Tankers pool of seafarers is global and diverse Russian nationals are established part of the crewing pool of Stolt Tankers Over 120 training positions occupied at any time across the fleet Selection via assessments and interviews to ensure we select the future officers of Stolt 21

Stolt Tankers Career development Cadetship assignments as required All Stolt employees join on their first contract as Trainee Officer The duration is set for 4 months Due to complex ships and cargoes, this is a company standard to be safe and give opportunity to learn Other companies might call this “supernumerary” Next step is a single contract Junior Officer position We are aiming for safety in making steady progress in competence in stead of quick promotions 22

Stolt Tankers Career development (2) Think what kind of career you want in shipping As starting in Chemical Tankers is giving you the edge on all other shipping business Once you are competent on Chemical tankers you can always take a step back to any other ship type Once you are an officer it is difficult to join tankers without experience Know about your cargo and be aware how to deal with you cargo makes for safer sailing 23

Stolt Tankers What can you expect Company values which points to its people. Stolt Tankers sees its people as assets, rather then resources Sailing most sophisticated ships which is a professional recognition across the industry Unmatched training and career development Opportunities to move career for a position ashore Welfare support n n n Training costs covered Insurances Social benefits Job stability 24

Stolt Tankers What we expect of you Cadetship time as required and training officer assignment to complete training & development Motivated and open to learning Aiming to develop yourself – continuous improvement Interest in cultures & working in international environment Speak up ! 25

Stolt Tankers Cadetship at Stolt Tankers For the past years Stolt has been selecting around 910 cadets on average: 4 Deck 3 Engine 2 Electrical cadets Placement on different ships where possible to maximize familiarization and learning opportunities Debriefing process in place to evaluate the tour on board and the learning process 26

Stolt Tankers Recruitment for Officers First commitment is with cadets graduating after completing sailing time with Stolt Recruitment on all levels but only where required as the pipeline is priority Join Stolt Tankers early as cadet to become the new asset to Stolt-Nielsen Limited. 27

Stolt Tankers Thank you for your attention Do you have questions? 28

Stolt Tankers Riga September 2015