WOOHYUN SHIPPING CO., LTD.

TABLE OF CONTENTS PAGE 1 COVER PAGE 2 TABLE OF CONTENTS PAGE 3 PROFILE WOOHYUN SHIPPING CO.,LTD TABLE OF CONTENTS PAGE 1 COVER PAGE 2 TABLE OF CONTENTS PAGE 3 PROFILE PAGE 4 HISTORY PAGE 6 CONTACT POINTS PAGE 7 TRAMPER SERVICES PAGE 8-14 LINER SERVICES PAGE 15 FLEET LIST PAGE 16-19 HANDY-SUPRAMAX FIXTURE LIST PAGE 20 MAIN ACCOUNT PAGE 5 ANNUAL GROSS

PROFILE Company Woohyun Shipping Co.,Ltd. Website www.woohyunshpg.co.kr President Mr. Moon, Ho Sung Capital 1,000,000,000 Korean won ($1,000,000 USD) Established May, 2003 Employees Shore Officer : 19, Ship Officer : 43 Main Business General cargo Liner Service, Tramper Business, Chartering Head Office Address 4th floor, Yuseong Bldg.,6, Daecheong-ro 155beon-gil, Jung-gu, Busan, Korea (48941) Seoul Office Rm.303, Sejongro Daewoo B/D, 30, Saemunan-ro 3-gil, Jongno-gu, Seoul, Korea (03173) E-mail woohyun@woohyunshpg.co.kr Tel Number Tel) +82-51-465-4505(Rep) Fax) +82-51-465-4506 Tel) +82-2-738-4505(Rep) Fax) +82-2-738-4506

HISTORY WOOHYUN SHIPPING CO.,LTD 2003. 05 - Established Woohyun Shipping Co., Ltd as ship broker and general ship agent, chartering company 2006. 10 – Opened Seoul office 2007. 01 – Agreement long term exclusive contract with “Ben Nghe” port in Hochiminh, Vientnam Agreement long term exclusive contract with “Haiphong main port” in Haiphong, Vietnam 2007. 07 - Acquired international freight forwarding agency license 2010. 03 – Introduced tonnage 5,994GRT “MV Woohyun Queen” 2011. 06 – Introduced tonnage 5,144GRT “MV Woohyun Haemil” 2011. 07 – Acquired marine cargo/freight transportation/transport business license 2014. 09 – Introduced tonnage 9,991GRT “MV Woohyun Hope”

ANNUAL GROSS UNIT : MILLION

CONTACT POINT BUSAN HEAD OFFICE SEOUL OFFICE WOOHYUN SHIPPING CO.,LTD CONTACT POINT BUSAN HEAD OFFICE Cargo booking, Supercargo, General agent, Account Woohyun Shipping Co., Ltd. 4th floor, Yuseong Blgd., 6, Daecheong-ro 155beon-gil, Jung-gu, Busan, Korea  (48941) Tel : +82-51-465-4505 Fax : +82-51-465-4506 E-mail : woohyun@woohyunshpg.co.kr SEOUL OFFICE Cargo booking, Documents, Chartering, Operation Woohyun Shipping Co., Ltd. Rm.303, Sejongro Daewoo B/D, 30, Saemunan-ro 3-gil, Jongno-gu, Seoul, Korea (03173) Tel : +82-2-738-4505 Fax : +82-2-738-4506 E-mail : woohyun@woohyunshpg.co.kr

WOOHYUN SHIPPING CO.,LTD TRAMPER SERVICES For many years we have built up and maintained long-term stable business with many of clients in the world. We always strive to be creating mutual benefit for both ours and valuable customers. Now, we focus on handy size upto supramax business and ready to meet ever-changing, growing needs of our customers and effectively cope with the largely unexpectable dynamics of the dry bulk and general shipping market. Today, we face drastic shifts in the trend of shipping business for tramper services , due to globalization and toughening of various international tramper business, which reorganized 2001 as Tramper Team to reinforce our company's Far East business. tramper service has distinguished major force of meal, fertilizer, steel product, machinery, forest products, coal, iron ore and other bulk/general commodities Far East/ PG Area. currently operating more or less 10 vessels per every month including owned and long/short term chartered tonnages.

LINER SERVICES WOOHYUN SHIPPING CO.,LTD Woohyun Shipping Co., Ltd. has been established 2003 with general cargo/multi purpose vessel chartered carriers and major steps to expand our business including owned vessel, which focused mainly on transportation general cargo, project cargo, steel product, vehicles with totaling 1,000,000DWT (120 vessel) operation vessel each year, the company expanded globally, providing services from Korea and North East Asia to South East Asia up to India along with various kinds of goods for transportation. Based on these expertise in the field of general/project cargo business and with teams of experts, we have broadened and expanded our operation and service offerings to virtually all aspects of global cargo service transportation. Woohyun Shipping is Korea representative general cargo carrying company as a multi–modal transport for Vietnam, Thailand, Malaysia, Singapore, Indonesia and India with Ro-Ro type, MPP and Twin Deck vessel by owned and chartered vessel. For 10 years Know-How and experience, we strive to transport heavy cargo, project cargo for demands of our customers. With your support, Woohyun Shipping will continue to pursue development for various demands of customers. TRADING ROUTE KOREA(MAINLY MASAN, BUSAN), JAPAN, RUSSIA(CIS PACIFIC), CHINA, TAIWAN PHILLIPPINES, VIETNAM, THAILAND, MALAYSIA, SINGAPORE, INDONESIA, BANGLADESH MYANMAR, SRI LANKA, INDIA TRADING CARGO STEEL PRODUCT : STEEL COIL, BILLET, SLAB, WIRE ROD, H-BEAM, ROUND-BAR, ETC. GENERAL CARGO : VEHICLES, EXCAVATOR, TRUCK, BUS, SPECIAL PURPOSE VEHICLES, CRANE TRUCK, MACHINERY, CONSTRUCTION STRUCTURE, ETC. GRAIN AND BULK : COAL, IRON ORE, CORN, SOY BEAN MEAL, COPRA EXPELLER, TAPIOCA, PALM KERNEL, ETC.

SERVICE PROFILE / WOOHYUN SHIPPING CO.,LTD 1.FLEET LIST 2.SERVICE TRADE -KOREA-VIETNAM SERVICE -KOREA-THAILAND SERVICE -KOREA-INDONESIA SERVICE -KOREA-SINGAPORE-MALAYSIA SERVICE -KOREA-INDIA SERVICE MASAN BUSAN JAPAN TAIWAN CHITTAGONG HAIPHONG MUMBAI DUNG QUAT YANGON CHENNAI BANGKOK, LAEMCHABANG MANILA HOCHIMINH PORT KELANG BELAWAN SINGAPORE JAKARTA SEMARANG SURABAYA

KOREA – VIETNAM SERVICE WOOHYUN SHIPPING CO.,LTD MASAN BUSAN JAPAN HONGKONG TAIWAN HAIPHONG DUNG QUAT *KOREA-VIETNAM SERVICE 1)LOADING PORT : BUSAN , MASAN 2)DISCHARGING PORT : HAIPHONG, HOCHIMINH , DUNG QUAT -ALSO CAN ACCEPT HONGKONG, TAIWAN, HUANGPU, BANGOI, NHATRANG CARGO 3)FREQUENCY : 2SAILINGS/MONTH HOCHIMINH

KOREA-THAILAND SERVICE WOOHYUN SHIPPING CO.,LTD KOREA MASAN BUSAN JAPAN TAIWAN HAIPHONG DUNG QUAT THAILAND BANGKOK, LAEMCHABANG HOCHIMINH *KOREA-THAILAND SERVICE 1)LOADING PORT : MASAN 2)DISCHARGING PORT : LAEMCHABANG, BANGKOK -ALSO CAN ACCEPT MAPTAPHUT, KOSICHANG CARGO 3)FREQUENCY : 1SAILING/MONTH

KOREA-INDONESIA SERVICE WOOHYUN SHIPPING CO.,LTD MASAN BUSAN JAPAN TAIWAN HAIPHONG MUMBAI DUNG QUAT CHENNAI BANGKOK, LAEMCHABANG *KOREA-INDONESIA SERVICE 1)LOADING PORT : MASAN 2)DISCHARGING PORT : JAKRTA, SEMARANG, SURABAYA -ALSO CAN ACCEPT SINGAPORE, CIGADING, KOTAKINABALU, BINTULU 3)FREQUENCY : 2SAILINGS/MONTH HOCHIMINH PORT KELANG KOTAKINABALU BELAWAN BINTULU SINGAPORE JAKARTA SEMARANG SURABAYA

KOREA-SINGAPORE-MALAYSIA SERVICE WOOHYUN SHIPPING CO.,LTD MASAN BUSAN JAPAN TAIWAN HAIPHONG MUMBAI DUNG QUAT CHENNAI BANGKOK, LAEMCHABANG *KOREA-SINGAPORE-MALAYSIA SERVICE 1)LOADING PORT : MASAN 2)DISCHARGING PORT : SINGAPORE, PORT KELANG -ALSO CAN ACCEPT PARSIRGUDANG, BATAM, LUMUT, BELAWAN CARGO 3)FREQUENCY : 2SAILINGS/MONTH HOCHIMINH PORT KELANG BELAWAN SINGAPORE JAKARTA SEMARANG SURABAYA

KOREA-INDIA SERVICE WOOHYUN SHIPPING CO.,LTD MASAN BUSAN JAPAN TAIWAN HAIPHONG MUMBAI DUNG QUAT CHENNAI BANGKOK, LAEMCHABANG *KOREA-INDIA SERVICE 1)LOADING PORT : MASAN 2)DISCHARGING PORT : MUMBAI, SINGAPORE, PORT KELANG -ALSO CAN ACCEPT CHENNAI, COLOMBO 3)FREQUENCY : 1SAILING/MONTH HOCHIMINH PORT KELANG BELAWAN SINGAPORE JAKARTA SEMARANG SURABAYA

WOOHYUN SHIPPING CO.,LTD FLEET LIST Owned Fleet MV. WOOHYUN HOPE KOREA FLAG,KR CLASS, 1997 BUILT, RO-RO(STERN RAMP 40MT),MPP CARGO VSL, TWEEN DECKER, BOX TYPE SUMMER DWT 13,041MT ON DRAFT 8.979M TROPICAL DWT 13516.18MT ON DRAFT 9.166M GT / RT 9991 / 4909 LOA / BM / DEPTH 138M / 22M / 13.5M G / B CAPA 19,161.26 / 19,049.40CBM 3H / 3H FOLDING TYPE CRANES 61MTx 2SETS, CRANES 40MT x 2SETS MV WOOHYUN GREEN  17,528.86MT DWT ON 10.00MTRS, KOREA FLAG, BLT 2011. LOA/BM/DM 131.90/22.00/14.50MTRS, GRT/NRT 11,481/5,850MTS G/B 23,110.6/21,346.4CBM, 3H/3H, TWEEN DECKER. DECK CRANE 3 X 30MTS (2 X 30MTS – COMBINE 1 X 60MTS/SWL) PERIOD TONNAGE MV. THAI OCEAN           PANAMA FLG; NK CLASS BLT 1996;CALL SIGN:3FMJ6 LOA/BM/DEPTH 128/21.5/14M; GRT/NRT/DWT 9999/3974/11281MT;FULL DRAFT:7.624M;G/B CAPA:24434/22745CBM; 2H/2H TW DECK;DRRK 25MT*2SETS;CRANE 50MT*2SETS,COMBINE 90MT HATCH SIZE:UPPER NO.1 33.6*12.5M;NO.2 33.6*12.5M;        LOWER NO.1 30.8*12.5M+2.8*10M;NO.2 33.6*10.0M;

FIXTURE LIST for handy to supramax WOOHYUN SHIPPING CO.,LTD FIXTURE LIST for handy to supramax VEREINA 2014-01- 27K 2008 GREEK H/OWS STEEL & G.CGO 24,500 S.KOR SEASIA OCEAN BREEZE 2014-02- 19K 2010 TWN H/OWS 17,500 COLOMBO BK CHAMP 2014-03- 28K 1997 H/OWS BOOKWANG 25,000 INDONESIA ZHONG HAI 2014-04- 45K 1995 Refined Success Limited(COSCO) 32,400 ROYAL PESCADORES 2014-05- 18K Hows ROYAL PESCADORES S.A. 15,200 LAPIS 2014-06- 24K 22,000 FORTUNE BAY 2014-07- 2006 PAC BASIN HALANDRIANI 2014-08- 23K 2001 NS UNITED KAIUN KAISHA, LTD 20,500 ECO VANGUARD 2014-09- HOWS AEVANGUARD SDN BHD. MALAYSIA BRIGHT LIFE 2014-10- 2011 CARGILL OCEAN TRANSPORTATIN SPORE BRAZEN 2014-11- 2014 H/ows : Brazen Shippng & Trading S.A 24,100 WCI VINASHIP STAR 2014-12- 1996 UNIBULK PTE. LTD. (SINGAPORE) EAST AMBITION 2014-13- 2000 SINO EAST TRANPORTATION LTD PACIFIC MELODY 2014-14- 25K TAIHEIYO KISEN KAISHA,LTD. TOKYO 22,500 FAIRWIND 2014-15- 2009 24,800 SEIYO EXPLORER 2014-16- DAIICHI CHUO KISEN KAISHA 22,300 DL LILAC 2014-17- 33K 2012 H/OWS DAELIM CORPORATION 28,900 PORT KELANG

WOOHYUN SHIPPING CO.,LTD ORIENT MATE 2015-01- 32K 2014 PAN OCEAN, SEOUL S.KOR STEEL & G.CGO 28,500 S.KOR INDONESIA JOSCO SUZHOU 2015-02- 49K 2004 BILGENT SHIPPING PTE LTD 37,000 WCI SUN PRIME 2015-03- 30K 1998 H/OWS SUNACE SHIPPING CO., LTD 28,000 SEASIA GLADIATOR 2015-04- 28K 2008 H/OWS FRONT CENTURY MARINE CORP, GREEK 22,000 KEN TEN 2015-05- 24K 1997 INUI GLOBAL LOGISTICS CO., LTD 21,500 DL MARIGOLD 2015-06- 33K 2012 H/OWS DAELIM CORPORATION 28,900 JPN/S.KOR ECI TAO TREASURE 2015-07- 25K AUTHBULK MARTIN ISLAND 2015-08- IINO KAIUN KAISHA, JPN H/OWS 31,000 SEA MELODY 2015-09- 58K MOL BULK CARRIERS PTE LTD, JPN 32,000 CREST NAVIGATOR 2015-10- 36K HCMC KOHINOOR 2015-11- 2010 MOL BIINO KAIUN KAISHA, LTD, JPN JK MARITIME 2015-12- 17K CPM, CHN NAVIOS LYRA 2015-13- 34K NAVIOS CORPORATION SIDER DREAM 2015-14- NOVA MARINE CARRIERS, GREEK H/OWS

WOOHYUN SHIPPING CO.,LTD TRANS FRIENDSHIP I 2015-14- 32K 2010 MOL BULK CARRIERS PTE LTD, JPN STEEL & G.CGO 29,000 JPN/S.KOR SEASIA SIBAL 2015-16- 33K 2009 SIBAL MARINE LTD - MALTA, H/OWS 28,500 WCI MAPLE CROWN 2015-17- 25K MAPLE CROWN MARITIME LIMITED, H/OWS FERTs AND STEEL 22,000 ECI COREWISE OL 2015-18- 37K 2013 COREWISE MARITIME S.A. PANAMA, H/OWS TAIWAN 32,000 PHOENIX ISLAND II 2015-19- 28K 2011 IINO KAIUN KAISHA, LTD. 10,000 TAIWAN GLEAMING OASIS 2015-20- 2007 DAVA PTE LET SPORE BRIGHT HOPE 2015-21- 2000 DAIICHI CHUO KISEN KAISHA 24,000 ASIAN BEAUTY 2015-22- PAOLO U 2015-23- 48K 1997 FRESIAN FORTUNE SHIPPING COMPANY LTD., VEVIS CIS/S.KOR CS JENNA 2015-24- 35K 2015 DRYBULK INVESTMENT HOLDING SA GAILLARDIA SW 2015-25- 19K SHIH WEI NAVIGATION. TWN H/OWS 15,000 PACIFIC JASMINE 2015-26- TAIHEIYO KISEN KAISHA,LTD. TOKYO HU PO HAI 2015-27- 40K Refined Success Limited(COSCO) 36,000 LUCKY LIFE 2015-28- OLDENDORFF CARRIERS, GMBH AND CO KG 25,000 STAR LIFE 2015-29- CARGILL OCEAN TRANSPORTATION (SINGAPORE)

WOOHYUN SHIPPING CO.,LTD YANGTZE BRILLANCE 2016-01- 33K 1995 YANGTZE NAVIGATION (HONGKONG) CO., LTD STEEL & G.CGO 30,000 JPN/S.KOR SEASIA AP REVELIN 2016-02- 38K 2016 MARTRADE SHIPPING + TRANSPORT GMBH 5/7MONTH PERIOD WORLD WIDE LAN BAO HAI 2016-03- 39K 2015 Refined Success Limited(COSCO) 32,000 WCI ATLANTIC FAIRY 2016-04- 27K 2013 NS UNITED KAIUN KAISHA, LTD 18,000 GLADIATOR 2016-05- 28K 2008 EVALEND SHIPPING CO S.A. GREEK H/OWS 24,000 FAIR OCEAN 2016-06- DAIICHI CHUO KISEN KAISHA 28,000

MAIN ACCOUNT FOREIGN COMPANY LOCAL COMPANY WOOHYUN SHIPPING CO.,LTD CARGILL OCEAN TRANSPORTATION (SINGAPORE) PTE. LTD Duferco Shipping S.A., Lugano, Switzerland East Metals Shipping Ag, Zug STEMCOR S.E.A PTE LTD, SINGAPORE NIPPON STEEL JFE STEEL SUMITOMO METAL MARUBENI CORPORATION LOCAL COMPANY POSCO HYUNDAI STEEL, HYUNDAI ENGINEERING & CONSTRUCTION COMPANY SAMSUNG CNT DOOSAN HEAVY INDUSTRIES & CONSTRUCTION DAELIM CORPERATION DAEWOO INTERNATIONAL