1. Vestergaard Group - World’s Best Alternative – All Over the World Denmark Sweden Norway Brazil Turkey MARCOD 1. marts 2013 Forretningsmuligheder inden for ballastvand

2. The Vestergaard Group consists of:

3. Vestergaard Group ”World’s Best Alternative” – All Over the World Vestergaard Group ”World’s Best Alternative” – All Over the World Vestergaard Marine Service A/S - History: 2001 – Established by Morten Vestergaard in a small workshop. 2 employed 2013 – The development goes on. 135 employed - Joint venture in Norway VMS Safeport with workshop near Bergen. - Workshop established at Oresund DryDocks AB, Landskrona. - Design office established I Turkey – VMS Denge Technology. - Official registered company in Brazil, VMS do Brazil and looking for a workshop.

4. Vestergaard Group ”World’s Best Alternative” – All Over the World Vestergaard Group ”World’s Best Alternative” – All Over the World Vestergaard Marine Service A/S : Vestergaard Group – always on the move. - Agreement with Citadel Solutions on anti piracy solutions. - Agreement with Erma First S.A for Ballast Water Treatment systems - Agreement with Westmark BV for P-Trap anti piracy equipment - Agreement with Masson Marine for marine gear and CPP. - Agreement with Baudouin Moteurs for marine engines and gensets.

5. ERMA FIRST ESK Engineering Solutions S.A5 ERMA FIRST Ballast Water Treatment Member of Environmental Protection Engineering S.A group of companies

6. ERMA FIRST ESK Engineering Solutions S.A6 The BWT Convention Source: LR, Ballast Technologies report International Convention for the Control and Management of Ship’s Ballast Water and Sediments, 2004 - Adopted 13th February 2004 Entry into force: 12 months after ratification Conditions: 30 IMO Member States = 35% World tonnage As of Sept 2012 35 countries, representing a 27.95% of world shipping have ratified the convention

7. ERMA FIRST ESK Engineering Solutions S.A7 The BWT Convention Source: LR, Ballast Technologies report IMO D2: Ships must have a Ballast Water Treatment system. D1: Ballast Water Exchange not permitted when D2 applied.

8. ERMA FIRST ESK Engineering Solutions S.A8 USCG Rules Source: LR, Ballast Technologies report USCG has published in March 23 the final rule addressing the ‘Standards for Living Organisms in Ship’s Ballast Water Discharged in US Waters (BWDS). The final rule will come into force on 21 June 2012. This final rule aligns with IMO D-2 standards or USCG phase 1

9. ERMA FIRST ESK Engineering Solutions S.A9 ERMA FIRST BALLAST WATER TREATMENT

10. ERMA FIRST ESK Engineering Solutions S.A10 ERMA FIRST BWMS System consists of: System consists of: Pre- filter Pre- filter Cyclonic separator Cyclonic separator Electrolytic cell Electrolytic cell Neutralization unit Neutralization unit Modular design. Modular design. Cyclonic separator capacity: 120 m 3 /hr Cyclonic separator capacity: 120 m 3 /hr Electrolysis cell capacity: 50,100, 250, 500 & 1.000 m 3 /hr Electrolysis cell capacity: 50,100, 250, 500 & 1.000 m 3 /hr Pre-Filter capacity: same as Ballast Pump Pre-Filter capacity: same as Ballast Pump

11. ERMA FIRST BWTS ERMA FIRST ESK Engineering Solutions S.A11

12. 1212 ERMA FIRST BWMS Pre - Filter: Pre - Filter: 200 μm St St Basket 200 μm St St Basket GRP body GRP body Pneumatic St St Piston Pneumatic St St Piston No back-flushing No back-flushing No electrical power No electrical power Small Size – Easy installation Small Size – Easy installation Very High Performance: Very High Performance: 90% cleaning in 10-15 sec 90% cleaning in 10-15 sec Only 60 lts drain at each cleaning cycle Only 60 lts drain at each cleaning cycle Dp = 0.11 bars Dp = 0.11 bars No need to stop BW pump No need to stop BW pump

13. ERMA FIRST ESK Engineering Solutions S.A13 ERMA FIRST ESK Engineering Solutions S.A 13 ERMA FIRST BWMS Pre-Filtration – Cleaning Phases Pre-Filtration – Cleaning Phases PHASE 1PHASE 2 PHASE 3

14. ERMA FIRST ESK Engineering Solutions S.A14 ERMA FIRST ESK Engineering Solutions S.A 14 14 ERMA FIRST BWMS Cyclonic Separator: Cyclonic Separator: Intelligent, Innovative, Compact Intelligent, Innovative, Compact Separation Efficiency: Separation Efficiency: 100% of 20 μm 100% of 20 μm 80% of 10 μm 80% of 10 μmAdvantages High Sediment Removal High Sediment Removal Stable Operation Stable Operation No clogging risks No clogging risks No moving parts No moving parts No need for back-flushing No need for back-flushing

15. ERMA FIRST BWMS 15 Cyclonic Separator Sections

16. 161616 ERMA FIRST BWMS Cyclonic Separator Special Features: Cyclonic Separator Special Features: High Number of Mini-Cyclones machined High Number of Mini-Cyclones machined on very small sized disks. on very small sized disks. Disk Synthetic Material of very low Disk Synthetic Material of very low coefficient of friction & very high abrasion coefficient of friction & very high abrasion resistance. resistance. Pressure drop appx 0.9 bar Pressure drop appx 0.9 bar Very small size: Φ400 mm x 800 mm Very small size: Φ400 mm x 800 mm No Moving Parts No Moving Parts 15 Years Expected Lifetime of Cyclones 15 Years Expected Lifetime of Cyclones Innovative Fluid Mechanics Principles Innovative Fluid Mechanics Principles applied applied No Back-flushing needed No Back-flushing needed

17. 171717 ERMA FIRST BWMS The difference in Mechanical Separation: Typical 40/50 mic Back-flushing Filters ERMA FIRST Cyclones Clogging Risk in High Sediments. Clogging Risk in High Sediments. Back-flushing needed – flow reduction Back-flushing needed – flow reduction Large Size Large Size Spare Parts Spare Parts No Back-flushing needed No Back-flushing needed Small Size Small Size No moving parts – no spare parts No moving parts – no spare parts Stable Flow at VERY high sediments Stable Flow at VERY high sediments

18. ERMA FIRST ESK Engineering Solutions S.A18 ERMA FIRST ESK Engineering Solutions S.A 18 18 18 ERMA FIRST BWMS Electrolytic Cell: Electrolytic Cell: Low voltage direct current electrode. Low voltage direct current electrode. Specially coated electrodes. Specially coated electrodes. Production of Sodium Hypochlorite. Production of Sodium Hypochlorite.Advantages No chemicals added No chemicals added Very Low Power Consumption (3 kW / 100 m 3 /hr) Very Low Power Consumption (3 kW / 100 m 3 /hr) VERY LOW chlorine concentration (10 ppm) VERY LOW chlorine concentration (10 ppm) No corrosion risks No corrosion risks Operates at Very low Salinity (0.5 PSU) – fresh water Operates at Very low Salinity (0.5 PSU) – fresh water Very Low Hydrogen production (0.1%) Very Low Hydrogen production (0.1%) No need for chemical storage & handling No need for chemical storage & handling

19. 1919 ERMA FIRST ESK Engineering Solutions S.A 19 ERMA FIRST BWMS Scheme of Operation DE - BALLASTING

20. 2020 ERMA FIRST ESK Engineering Solutions S.A 20 ERMA FIRST BWMS Scheme of Operation DE - BALLASTING

21. 2121 ERMA FIRST ESK Engineering Solutions S.A 21 ERMA FIRST BWMS Disinfection in BW Tanks DE - BALLASTING 10 ppm Cl 2 6 ppm Cl 2 During disinfection Chlorine decays with time: Appx 6 ppm during time 0 (discharge) Appx 0.4ppm after 5 days holding CHLORINE DECAY RATE IN TANK (data from Tests) 1 day 4 ppm 2 days 2.5 ppm 5 days 0.4 ppm UPTAKE 6 ppm CHLORINE CONTENT IN TANK DURING VOYAGE

22. 2222 ERMA FIRST ESK Engineering Solutions S.A 22 ERMA FIRST BWMS Corrosion Testing DE - BALLASTING Χωρίς σύστημα: Αρχικά Με ERMA FIRST BWTS: Αρχικά Με ERMA FIRST BWTS: Μετά από 6 μήνες Accelerated Corrosion Testing according to MEPC.59.2.16 TNO, Netherlands Χωρίς σύστημα: Μετά από 6 μήνες No System: : Initially ERMA FIRST BWTS Initially ERMA FIRST BWTS: After 6 months No System: After 6 months

23. 2323 ERMA FIRST ESK Engineering Solutions S.A 23 ERMA FIRST BWMS Paint Manufacturers DE - BALLASTING

24. ERMA FIRST ESK Engineering Solutions S.A24 ERMA FIRST ESK Engineering Solutions S.A 24 24 2424 ERMA FIRST DIAGRAM

25. ERMA FIRST BWMS ERMA FIRST BWMS Installation Requirements – Pre-Filter AIR WATER TUBE PRE-FILTER CONTROL PANEL

26. ERMA FIRST BWMS ERMA FIRST BWMS Installation Requirements – Electrical 230 V 4..20 mA Flow Switch Temp Sensor 4..20 mA Flow Switch Temp Sensor 250A/40V 230 V 4..20 mA Prefilter Panel 4..20 mA Hydrogen Sensor 2 x Flow Meters 4..20 mA Press Indic. Power Supply

27. ERMA FIRST BWMS ERMA FIRST BWMS Sodium Bisulfite Tank Installation

28. 28282828 ERMA FIRST BWMS Product Range VERY LOW POWER CONSUMPTION VERY LOW POWER CONSUMPTION VERY LOW FOOTPRINT VERY LOW FOOTPRINT

29. ERMA FIRST ESK Engineering Solutions S.A29 ERMA FIRST BWMS Indicative Arrangements Indicative Arrangements BMWS 1200 m 3 /h BMWS 200 m 3 /h BMWS 700 m 3 /h

30. ERMA FIRST ESK Engineering Solutions S.A30 ERMA FIRST BWMS Installation Requirements System requirements: System requirements: Inlet pressure >=3 bars, maximum 5 bars Inlet pressure >=3 bars, maximum 5 bars Pressure Drop Across system: appx 1.1 bars Pressure Drop Across system: appx 1.1 bars Power requirement/ 100m 3 /hr: 3 kW Power requirement/ 100m 3 /hr: 3 kW Pressurized Air for Pre-Filter: 6 bars Pressurized Air for Pre-Filter: 6 bars Neutralization solution consumption <1 lit /100 m 3 Neutralization solution consumption <1 lit /100 m 3 Neutralizer Tank: from 100-500 ltrs depending on vessel size & voyage profile Neutralizer Tank: from 100-500 ltrs depending on vessel size & voyage profile

31. ERMA FIRST ESK Engineering Solutions S.A31 ERMA FIRST BWMS Operating & Maintenance Costs Operating Costs Operating Costs only for Sodium Bisulfite. only for Sodium Bisulfite. Estimation for this cost : 0.003 €/ m3 discharged water. Estimation for this cost : 0.003 €/ m3 discharged water. Maintenance Costs Maintenance Costs Zero moving parts wear/replacement. Zero moving parts wear/replacement. Very long life time of hydrocyclones (> 10 yrs) Very long life time of hydrocyclones (> 10 yrs) Long lifetime for electrolytic cell anodes replacement (appx 10 yrs) – easy replacement by the crew. Long lifetime for electrolytic cell anodes replacement (appx 10 yrs) – easy replacement by the crew.

32. ERMA FIRST ESK Engineering Solutions S.A32 ERMA FIRST BWMS An IDEAL BWT Solution: The Reasons: The Reasons: High Sediment Removal efficiency. High Sediment Removal efficiency. Stable Operation in Flow & Pressure, no clogging. Stable Operation in Flow & Pressure, no clogging. Effective operation even in fresh waters. Effective operation even in fresh waters. Compact Installation, Small Footprint. Compact Installation, Small Footprint. Zero Chlorine in Discharged Waters. Zero Chlorine in Discharged Waters. Low Power Consumption – Energy Efficiency. Low Power Consumption – Energy Efficiency. Very Low Hydrogen Production – no explosion risk. Very Low Hydrogen Production – no explosion risk. No corrosion risk in Ballast Tanks. No corrosion risk in Ballast Tanks. No chemical storage & handling. No chemical storage & handling. Fully Automated, simple operation. Fully Automated, simple operation. Very small maintenance & operating costs. Very small maintenance & operating costs.

33. 33 ERMA FIRST BWMS Certification Status TYPE APPROVAL – Greek Administration – 11 May 2012 TYPE APPROVAL – Greek Administration – 11 May 2012 CLASS APPROVAL – LLOYDS REGISTER – 6 JUNE 2012 CLASS APPROVAL – LLOYDS REGISTER – 6 JUNE 2012

34. Vestergaard Marine Service Installation of BWT systems. 1. Pre analyze before start of project. Capacity of BWT system? Flow calculations, pump capacity Access to the ship during operation? Ship operation area ? Evaluation of crane, doors, hatches and storage on board. Collecting GA drawings, tube drawings etc. Cleaning of ballast system / tanks?

35. Vestergaard Marine Service Installation of BWT systems. 2. Pre work before starting work on board Update of drawings with new BWT equipment Water inlet/outlet Can water inlet be closed for a short period.? Plan for handling of equipment and tools Approval from shipowner and the society companies Approved specification and working plan Pre fabrication of equipment and tubes Secure all logistic of equipment, tools and working force.

36. Vestergaard Marine Service Installation of BWT systems during operation 3. Installation work on board Getting all equipment and tools on board Fire safety and Fire hazards/explosion hazards Welding and hot permission approval on the ship. Number of engineers versus number of days at sea. Interruption on board during installation Cleaning of ballast system if needed. Possibility to test the equipment without delay

37. Vestergaard Marine Service Installation of BWT systems. 4. After installation Needed test and documentation As build drawings, and certificates. Returning of not used equipment and tools. Final approval from the society companies.

38. Vestergaard Marine Service Installation of BWT systems during operation Environment deserve to be protected