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1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009
N
o
.
o
Source: Wood Mackenzie
'
"!
% "%
&
% >
468 vessels (88%)
US$230 million (44%)
US$299 million (56%) 63 vessels
(12%)
Number of Vessel Revenue
% $
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Source : BP Migas (February 2010)
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• Expand Fleet
• Acquire 12 higher value vessels(6 in 1H21011 and
6 in 2H2011)
• Total Capex of approximately USD 100 million
• Financial Performance
• Revenue growth of 35% from newly acquired
vessels and full year impact of new vessels in 2010 and from chartering division
• Net profit growth of 40 - 45%
• Strategic Alliances
• Joint ventures with strategic partners that provide
value added technology
+
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