1. Sincere Navigation Corporation
新興航運股份有限公司
Stock Code: 2605
Nov

2. Company Overview
Incorporated by the founder Mr. V. K. Eddie Hsu in Currently still controlled by the founder’s family. The founder’s history in shipping can be traced back to the 1920 in Shanghai China.
IPO in TWSE in December 1989
Current Market Capitalization: US$679M
Current fleet: 17 vessels, total 2.58 million dead weight tons
New vessels on order to be delivered in the next year (up to 4th Q 2011): 3 vessels
Current vessel Average Age: 6 years
Shipping Service: Bulk Carrier, Woodchip Carrier, Self-Unloader, and Crude Oil Carrier
Nov

3. Current Business & Service
Ocean-Going Business: 97%
Bulk Carrier on Spot and Long-term Service
Woodchip Carrier on Long-terms Service
Crude Oil Carrier
Domestic Coastal Business: 3%
Coal COA Service
Sand/Stone Transportation Service
Main Clients:
Bocimar, NYK, Mitsui O.S.K.Line, Rio Tinto, Korea Line, Hachiuma and COSCO H.K.
Nov

4. Freight revenue by vessel type
Nov

5. Fleet List & Contract Period
Nov

6. New Building Vessels
Nov

7. BDI YEAR INDEX (Jan. 2002 ~ 19 Nov 2010)

8. STATEMENTS OF INCOME (Expressed in thousands of New Taiwan Dollars, except earnings per share)
Nov

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

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