Specialised Reefer Shipping hand in hand with quality and dedication. Philip Gray, Senior Commercial Manager Seatrade Reefer Chartering N.V.

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1 Specialised Reefer Shipping hand in hand with quality and dedication Philip Gray, Senior Commercial Manager Seatrade Reefer Chartering N.V., Belgium

2 Introduction Seatrade Specialised Reefers Particular Features of the Specialised Reefer Ships Particular Features of the Specialised Reefer Business Opportunities

3 Introduction Seatrade

4 The Carrier Beyond Oceans Roots In The Sea, Feet On The Ground Established in 1951 by five captain-owners in the north of The Netherlands Celebrating 60th anniversary in 2011 Privately owned Dedicated to perishable cargo

5 Seatrade Reefer Chartering N.V. Operator of about 130 specialised reefer vessels great variety of vessels: any size, time or place high service levels Team of over 80 professionals in Antwerp Involved in traditional reefer trades, e.g. Fish Bananas Deciduous Citrus Exotics Meat Also carrying other cargoes, e.g. Yachts Cars Project/oversized cargoes

6 Specialised Reefers

7 Specialised reefer ships Reefer ships are designed specifically for the carriage of highly perishable cargoes Refrigeration engineers are on board to ensure that product condition is maintained to your specifications 24/7 cargo monitoring & immediate reaction time Temperature precision Ships are designed with multiple cooling sections, allowing for the carriage of different products at different temperatures Proven expertise in compliance with cold treatment/ sterilisation protocols Superior reduction periods (removing field heat).

8 3,500 pallets + 30 containers

9 5,000 pallets containers

10 Competitive world fleet Market Share by cubic feet Market Share by number Note: Total reefer market excludes freezers and vessels <180,000 cbft Source: the Company

11 Specialised reefer vessels Crossing Oceans Is Just The Start Industry innovator Focus on specialised partners throughout the shipping process Ship design Cargo handling Terminal design Compliant with HACCP and food safety regulations

12 Zero Damage, as part of 360 Quality, promotes the cooperation of all partners in the supply chain. The Zero Damage program strives to continuously improve the quality in the supply chain and eradicate handling damage to goods, by measuring the performance and giving feedback to all partners in the supply chain Zero Damage policies have been successfully implemented in all of the industry s liner trades. Under the 360 Quality protocol, those same standards will be applied to all trades. The industry has adopted 360 Quality in its daily operational management. The initiative is the brand name associated with a program rolled out to provide clients with a guarantee of the highest of quality standards and practices. The program covers all quality related issued and is designed to address uniform quality standards today and into the future The protocol incorporates both food safety (HACCP) and Zero Damage issues and procedures. Vessel crew will implement the procedures with support of the owners and the operational staff, to insure compliance.

13 Particular Features of the Specialised Reefer Ships

14 Specialised features Ammonia is a natural refrigerant and is very environmentally friendly. It has no impact on the ozone layer, and makes no contribution to global warming On board ozone generators neutralise aerosols and bacterial/fungal agents On board nitrogen generators are used for achieving Controlled Atmosphere (not modified atmosphere) Cargo hold construction is designed for an even and consistent airflow across entire length and breadth of the decks Control of temperatures up to 1/10th of a degree Monitoring in real time with on board crew and reefer engineers.

15 Particular Features of the Specialised Reefer Business

16 Specialised reefers for you Wide range of logistical solutions Transport of cargo according to your needs at competitive terms True partner that understands your business Chartering option Liner Services

17 The Charter Option Advantages Control of Capacity of Scheduling of Handling Methods of Temperature Control of Quality

18 Control of Capacity When chartering a vessel, you are not subject to the limitations put upon you by the container lines. You have complete control over the utilisation of the vessel capacity. This may include both north and southbound and both under and on deck.

19 Control of Schedule You are in complete control of the vessel schedule as to ports, rotations, speed You dictate when the vessel will berth, when loading / discharge will commence and conclude and when the vessel sails Maximum control of logistics to adjust to seasonal / regional fruit availability

20 Control of Handling You have direct input over the method of cargo handling, how the vessel is stowed and how she is unloaded. This ensures that the safest and most efficient methods and equipment are used to handle your delicate fruit.

21 The charter option Historical Justification History has proven that using vessel charters has enabled faster growth of shipping volumes and expansion of markets whilst increasing control of the supply chain In the past 30 years, much of the growth of the world s fruit trade can be traced to the advent of vessel chartering programs by private fruit exporters, groups, boards and government agencies. Examples of this success include: Chile, Spain, New Zealand, Australia, South Africa and the banana multinationals.

22 Liner options 4-6 main shippers/receivers ensure a sustainable schedule to fit their needs Either seasonal or year round, e.g. NYKCool: seasonal, Chile/US Services (USWC+USEC) - grape based - Baltic Shipping: year round, Ecuador/St Petersburg - banana based - VSA NYKC-Seatrade: seasonal, South Africa/Continent - citrus based - Seatrade: year round, Ecuador/Continent - banana based - All geared with a high degree of dependability and quality

23 Tailor-made schedules

24 Blue Chip Clients

25 Opportunities

26 Different sizes of ships Cubic feet Pallets Metric tons 265,000 cbft 2,200 plts 4,000 MT 375,000 cbft 3,500 plts 5,700 MT 450,000 cbft 4,000 plts 7,000 MT 535,000 cbft 4,600 plts 9,000 MT 650,000+ cbft 5,500+ plts 12,000 MT

27 Seatrade for You Starting January 2012 specialised reefer service from Paita to Spain, United Kingdom, Germany & Holland

28 Questions?

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