Your Shipbuilding PARTNER - SPP

1 your Shipbuilding PARTNER . Following the dream of SPP Shipbuilding that will lead the future of the global Shipbuilding industry In the spirit of Sincerity, Promise and Progress, we are striving to become the most competitive and qualified shipyard and satisfy our clients in Shipbuilding and shipping markets. 04 Prologue 10 SPP Philosophy 16 Company Overview 18 History 20 Introduction of Shipyard 30 Ship Types 37 Performance Record 42 SPP 24 Hours into the Shipbuilding Site . 43 Way to SPP & Contact point Who leads the future? The dream of a global company aiming to be the leader Based on management philosophy to build the best ships, SPP Shipbuilding is sharpening its competitive edge in production, management, human resources, corporate culture and etc. SPP Shipbuilding is reinventing itself to be a leading company by coming up with various high value-added ships. SPP Shipbuilding will continue to challenge to stand tall in the world. TECHNOLOGY.

2 INNOVATION. There is no end to innovation! High technology makes SPP a powerhouse in Shipbuilding industry Based on its technical skill, SPP Shipbuilding is developing Shipbuilding technologies to construct mid-sized ships most ef ciently. Such technologies are the driving force that will make us to be a leader of the industry. Drawing on the strength of our technology with in nite possibilities and customer con dence we promise to be a company that helps realizing your future dreams. What is the true value? Eco-friendly green management policies for nature and human SPP Shipbuilding is implementing green management policies that give consideration for humanity and the environment of the earth. We have secured our own green Shipbuilding technologies. In addition, GREEN VALUE. we systematically manage our shipyards by applying ISO 14001 (standard for the environmental management of businesses). and OHSAS 18001 (standard for occupational health and safety management systems).

3 As a result, our HSSE (Health Safety Security Environment) Policy is suitable for the strict criteria of major ship owners in the world. Based on this management system, we are pursuing sustainable development. SINCERITY. ISO 9001 ISO 14001 ISO 18001. SPP. PHILOSOPHY. 10/11. HSSE Management SPP Shipbuilding makes HSSE(Health Safety Security Environment) the most fundamental factor based on management philosophy of Human Respect'. We persistently improve all process of HSSE from contract to delivery to achieve no disease, Quality Assurance no disaster and no pollution. HSSE management system includes the procedures and standards that all executives and staffs of the company should observe. SPP Shipbuilding makes assurance to create the best value through systematic and strict quality management to establish customer satisfaction and self-esteem for all members. All contract specifications and regulations are based on our accumulated experience in the field of Shipbuilding .

4 Our system of Quality Assurance is deliberated, coordinated, well organized and appointed to assure its highest quality standards. PROMISE Naming Ceremony SPP Shipbuilding is dealing with renowned ship owners in Europe and the Americas. They include ST Shipping, EMM, Navios, Target Marine, Metrostar, ceres and vitol from Europe, and OSG and PMI from the Americas. Early 2013 we received an order from Scorpio Tankers to build 20 eco-friendly mid-range oil tankers as series. SPP. PHILOSOPHY. 12/13. PROGRESS VISION. 2020. SPP Shipbuilding has been maintaining a continued partnership and confidence relations with ship owners. As a result, we delivered three mid-range product carriers in 2006, eight of the same type in 2007, 23 of the same type in 2008, and 25 mid-range product carriers and three handy-size bulk carriers in 2009. With more diversified ship types afterwards, SPP Shipbuilding has been performing very well by delivering a total of 40 ships including Aframax product carriers, Panamax product SPP carriers, Supramax bulk carriers and handy-size bulk carriers.

5 PHILOSOPHY. 14/15. Core value Building a system for the best quality To be a competitive Shipbuilding company in the world, SPP develops the highest quality value-added ships in a niche market, delivers them in a timely fashion, makes customers satisfied and wins trust of customers. On top of that, SPP Shipbuilding enhances productivity by integrated production management system and securing stable supply of key raw materials with excellent quality. SPP Shipbuilding generates synergy through R&D, specialization in work process and the introduction of efficient cutting-edge methods. Opening a new era and chapter Developing and constructing Leaping forward again COMPANY. OVERVIEW. various types of ships SPP Shipbuilding started its first step With creativity and an indomitable spirit to SPP Shipbuilding is focusing on building challenge, SPP Shipbuilding delivered 16/17. in 1988 as Dongyang Heavy Industry mid-range product carriers, the 200th ship in 2013 and ranked top 10.

6 Manufacturing industrial cranes. bulk carriers and container ships. Recently, Shipbuilding Company in the world. It laid the foundation for a global shipyard as it is diversifying ship types into gas carriers We are pursuing win-win strategy with it began to produce mega blocks and cranes and offshore supply vessels. our sub-contractors through rational and for major shipbuilders. In 2004, Sacheon, Goseong and Tongyoung transparent ethical management policies. it signed the first Shipbuilding contract for Shipyards produce 43 ships on an annual SPP Shipbuilidng perseveres enhanced four 50,000 DWT product carriers. basis, building trust with customers by customer satisfaction as our core value In 2005, it commenced construction of on time delivery. and strives to become a leading shipyard the first vessel. in the world. SPP Shipbuilding , the best trustworthy PARTNER HISTORY. The path SPP Shipbuilding walked on was history of impressive growth where it gained the customer confidence all over the world.

7 Founded in 2003, SPP Shipbuilding has been sharpening its competitive edge through creativeness and spirit to challenge. SPP Shipbuilding constructs vessels at Sacheon, Goseong and Tongyoung Shipyards, turning itself into a leading shipyard building mid-sized ships. SPP Shipbuilding will ensure meaningful growth and progress through future-oriented management innovation. PC "Elandra Lynx", Delivered the 100th vessel 82K BC "Cash" selected as PC ARAMON , 82K BC Prime Rose , 1,700 TEU FC Tzini Significant Ship of Year 59K BC THALASSINI AXIA selected as Significant Ship of Year selected as Significant Ship of Year Delivered the 150th ship 2014. HISTORY. Delivered the 1st Opened Busan R&D Center 113K product carrier 2012. 18/19 50K PC Dubai Star 2013. 2010. Commended constructing the 1st vessel selected as Significant Ship of Year Delivered 1st container ship Signed the 1st Shipbuilding contract Signed the first 20 bulker building contract 2011 (1,700 TEU).

8 (four 50K PC, Turkey) (diversification in ship type) 50K PC Astir Lady , 82K BC LEDA C Delivered the 200th ship Established Dongyang Shipbuilding 2009 selected as Significant Ship of year (Manufacturer of mega blocks for major shipbuilders). 2008 Commenced constructing the 1st 50K product carrier 35K BC Handy Wind . selected as Significant Ship of Year Achieved the 100th Shipbuilding contract of MR. 2002 ~ Changed CEO SPP Shipbuilding Co., Ltd. merged 2005 2007 Established SPP Athens office in Greece Delivered 1st 35K bulk carrier (Greece) SPP Plant & Shipbuilding Co., Ltd Achieved 200 units of Shipbuilding contract (USD 9 bil.). 2006. Commenced building 1st 35K bulk carrier Delivered the 1st 50K PC built Commenced building at Goseong Shipyard in a new shipyard (Turkey) Published SPP Magazine Attracted Goldman Sachs investment (KRW 50 bil.). Renamed as SPP Shipbuilding Co., Ltd Sacheon Shipyard INTRODUCTION. OF SHIPYARD. 20/21. Location Jinsa Industrial Complex, Sacheon, Gyeongsangnam-do Area 310,000 m2.

9 Construction Method Dry Dock Dock Size 310m 86m 10m Crane of Dock 600 Ton Gantry Crane 3. Main Type 50K / 74K / 113K Product Carrier 59K / 80K Bulk Carrier 2,800 / 3,800 TEU Containership Annual Capacity 24 ships Goseong Shipyard INTRODUCTION. OF SHIPYARD. 22/23. Location Goseong, Gyeongsangnam-do Area 100,000 m2. Construction Method Floating Dock Dock Size 230m 45m 6m Crane of Dock 600 Ton Gantry Crane 1. Main Type 35K Bulk Carrier 40K /50K Product Carrier 1,700 TEU Containership ~22K CBM Gas Carrier AHTS / PSV. Annual Capacity 16 ships Tongyoung Factory INTRODUCTION. OF FACTORY. 24/25. Location Anjeong National Industrial Complex, Tongyoung, Gyeongsangnam-do Area 163,000 m2. Construction Method Floating Dock Dock Size 230m 45m 6m Crane of Dock 250 Ton Overhead Crane 1. 155 Ton Overhead Crane 2. 120 Ton Overhead Crane 2. Main Type 50K/74K Product Carrier 59K/80K Bulk Carrier Duckpo Factory INTRODUCTION. OF FACTORY. 26/27. Location Tongyoung, Gyeongsangnam-do Area Facility Quay Quay Size 140m x 35m 160m x 20m 198m x 20m Max Capacity 8 ships BUSAN R&D CENTER/.

10 SEOUL OFFICE. 28/29 Seoul Office Seoul Office deals with sales and marketing. Located in Banpo-dong, Seoul, it is just an hour away from both Incheon International Airport and Gimpo Airport. It's easy to access major business districts from Seoul Office. Because of this geographical proximity, foreign ship owners find it easy to visit the office. Busan R&D Center Busan R&D Center plays a pivotal role to accomplish SPP Shipbuilding 's vision and 350 employees are in charge of design and sales engineering. The center is composed of 17 story building and was officially opened on december 24, 2007. Busan R&D Center focuses on developing highperformance, economical ship types and plans to invent high value-added ships to meet the demand of future market. It strives to create corporate culture of cooperation, harmony and trust for mutual growth. SHIP. Performing well on the strength of high technology SPP Shipbuilding builds product carriers, bulk carriers and container ships.