1. Attracting Green Ships May 2012

2. About RightShip The Current Environment The Existing Vessel Design Index Accuracy of data Factoring in relative CO 2 performance in today’s decision making process Practical application examples Agenda

3. Independent company formed in Oct 2001 Melbourne, London & Houston 200+ Customers globally Ship Vetting & Risk Management Petroleum & Dry Cargo Vetting Service Environmental Rating & CO 2 Benchmarking Worldwide dedicated vetting specialists Former serving Masters and Chief Engineers Award winning proven system ISO9001 and ISO27001 Certified About Rightship

4. The Current Environment Part Two

5. Green award – Benefits Singapore Green Ship Program - Incentives Environmental Ship Index (ESI) – Promote Commitment to Sustainability Environmentally Friendly Initiatives

6. Reduction in port fees Reduced rates on waste reception facilities Reduced marine services charges Reduced fees for training courses, seminars and events Reduced charges for marine products Preferential queue treatment Current Incentives Available Include

7. Environmentally Friendly Ports

8. The Existing Vessel Design Index Part Three

9. Framing the Opportunity

10. EEDI – What is it? Energy Efficiency Design Index (EEDI) A formula produced by the IMO to calculate the amount of CO 2 emitted (in grams) by a vessel for every tonne of cargo carried a nautical mile based on: –Total engine power –Fuel type & specific fuel consumption –Cargo carrying capacity –Speed Agreed at MEPC 62 in July 2011 and comes in to force for new deliveries from January 2013

11. EVDI™ – What is it? Existing Vessel Design Index (EVDI™) This formula produces the amount of CO 2 emitted (in grams) by a vessel for every tonne of cargo carried a nautical mile based on: –Total engine power –Fuel type & specific fuel consumption –Cargo carrying capacity –Speed Developed by RightShip based on the same assumption as the EEDI, this formula can be validly applied to existing vessels right now

12. EVDI™ – What it is not? Not a replacement for the EEDI Not a mechanism to drive retrospective legislation Not a measure of the vessel’s operational performance Not going to tell you if a vessel has been designed efficiently

13. The Relative Efficiency of the Existing Fleet

14. Basis of Comparison

15. Let’s Compare

17. How accurate is the data? Part Four

18. First Best Source of Data

19. Consider the Implications Part Four

20. Bulk Carriers: Brazil to China 11,023 nautical miles

21. CO 2 Differential Bulk Carriers Calculated using 170,000 to 175,000 dwt Vessels

22. Price of Fuel Differential Bulk Carriers Assumes a price of fuel USD650 per tonne (IFO 380)

23. Practical Applications Part Five

24. For the Terminal

25. For the Ship Owner

26. Charterers Owners Terminals Finance companies Industry Results so far

27. Conclusions Part Six

28. CO 2 Emissions Emissions (Gigatons CO 2 ) Data Source: Second IMO GHG Study (2009)

29. Emissions of the existing fleet already form part of the decision making process RightShip A - G Greenhouse Gas Emissions is a statistically valid means of determining relative efficiency of existing tonnage Promote market based solutions through the logistics chain Welcome your feedback and input – www.shippingefficiency.org Conclusions

30. Thank You Email: environment@rightship.com