2017 Shipping Market Sincere Navigation Corp. (2605) Speaker：Lee Yih-Ren.

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Presentation transcript:

2017 Shipping Market Sincere Navigation Corp. (2605) Speaker：Lee Yih-Ren

2017 Bulk Shipping – Positive/Negative Factors POSITIVE FACTORS: US President Mr. Donald J. Trump’s New Economic Policy China: One Belt One Road International Convention Regulation (Ballast Water Convention) PRC increase steaming coal import New Building reduction NEGATIVE FACTORS Iron ore inventory at PRC close to 140M mt. Over age vessels available for demolition to be reduced. Supply and demand unbalance.

Charter Hire for Bulk Vessel

Capesize Vessel Freight/Hire

Panamax Vessel Freight/Hire

Charter Hire for Tanker

VLCC WS & Hire

New Building & Demolition Summary

Vessel Newbuilding Statistic

Vessel Demolition Statistic

SNC Fleet List Existed Vessels: Newbuilding: 1 VLOC Bulk Carriers: Capesize: 9 Kamsarmax: 2 Handymax: 2 Tanker: 3 Newbuilding: 1 VLOC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Expressed in thousands of New Taiwan Dollars, except earnings per share)

CONSOLIDATED BALANCE SHEETS (Expressed in thousands of New Taiwan Dollars, except net worth per share)

EARNINGS AND DIVIDENDS IN PAST TEN YEARS (Expressed in thousands of New Taiwan Dollars, except earnings and dividends per share)

Questions & Answers

§ The End § Thanks for Listening.