1. 1 Panta Rhei Befrachtungs und Speditions GmbH.

2. 2 Panta Rhei - our Job…… -River Transport between North- and Black Sea -On/Pre-Carriage to River- and Sea Ports -Handling in River- and Sea Ports -H/L Transport -Rail Transport -Trucking

3. 3 PR Shipping – our Job….. -Chartering & Brokerage -Agency Service in Constanta and Ukranien Sea- and River Ports -Combined Transport -Liner Service ex Adriatic -Transhipment -Survey + L/S/D

4. Angora Shipping – our Job….. -Shipowner -Chartering / Brokerage -Ship Agency in TR Ports -Freight Forwarding -Project Cargo Handling 4

5. 5 Panta Rhei and PR Shipping – main business route

6. The Port for Black Sea Transshipment Constanta Odessa Varna Iliychevsk Poti Ctta. year-round deep-water facility offers great potential for regional transshipment Black Sea – Fast growing market Novorossiysk Burgas

7. 7 DANUBE neighbouring countries incl. main river-ports -UKRAINE (Reni, Ismail) -MOLDOVA (Giurgiulesti) -ROMANIA (Galati, Braila, Oltenita, Giurgiu, Turnu Severin) -BULGARIA (Russe, Lom, Vidin) -SERBIA (Smederevo, Pancevo, Beograd/Sava- river, Novi Sad)

8. DANUBE neighbouring countries incl. main river-ports -CROATIA (Vukovar, Osijek/Drava-river) -HUNGARY (Baja, Paks, Dunaujvaros, Budapest, Gyönu) -SLOVAKIA (Komarno, Bratislava) -AUSTRIA (Vienna, Krems, Enns, Linz) -GERMANY (Passau, Deggendorf, Straubing, Regensburg, Kelheim) 8

9. CONSTANTA PORT Connection between Black Sea and Danube 9

10. 10

11. 11 Transit-time from Turkey to Constanta (wp agw): - Marmara - Ctta : 2-3 days -Izmir - Ctta: 3-4 days -Antalya - Ctta : 6-7 days -Mersin - Ctta: 8-10 days -Trabzon - Ctta : 3 days -Samsun – Ctta : 2 days -Zonguldak - Ctta : 1,5 days

12. Project Cargo Activities 12

13. 13 Distance and transit-time from Constanta to (wp agw): -Length of Cernavoda channel = 65 KM - GIURGIU (RO) : 258 km / 2 days -SMEDEREVO (RS): 881 km / 7 days -BEOGRAD (RS) : 935 km / 7,5 days -NOVI SAD (RS) : 1020 km / 8 days -Vukovar (Cro) : 1098 km / 9 days -Border RS/CRO/HU : 1212 km / 10 days -BUDAPEST (HU) : 1412 km / 12 days -BRATISLAVA (SK) : 1633 km / 14 days -LINZ (AT) : 1899 km / 16 days -REGENSBURG (DE): 2144 km / 18 days

14. BARGE-SYSTEM ON DANUBE `EUROPA 2` TYPE Cargo capacity 1000 – 1.450 mts (depending on draft !!), draft with 1000 mts cargo = 1,80 Meter 1 Hold: 64 x 8,80 Meter (564 sqm) steel flored, box shaped strength on tank top: 6 tons / sqm 14

15. …6 Barges from Constanta port to KOMARNO / SK … 15

16. PUSH-BOAT (RO Flag) 16

17. Barges from Constanta to Austria + Germany … 17

18. SELF PROPELLERS 1000 – 2000 tons Types length of holds 50-80 x 6,5-8 Meter 1 to 3 holds per vessel steel flored stength on tank top: 4-6 tons / sqm advantage: this types can move also on Rhein/Main/Danube Channel to Germany/NL/Belgium…. 18

19. 19 M/V PANTA RHEI 1 L 86m, Beam 8,20m, Dwt 1.243to

20. 20 M/V PANTA RHEI 2 L 105m, Beam 9,45m, DWT 1.850to

21. Self-Propeller entering a Lock on R/M/D-Channel 21

22. 22 Services available -Shipment from/to Turkey (via Constanta) to/frm Ukraine/Romania/Bulgaria/Serbia/ Croatia/Hungary/Slovakia/Austria/Germany -Handling in all River Ports -Storage -on-carriage/pre-carriage -Surveys -packing -customs clearance

23. 23 HEAVY-LIFT on Danube-River (crane capacities) -CONSTANTA: up to 150 tons with shore cranes, Floating crane capacities up to 1.000 to (but not always available) -SMEDEREVO: 100 tons -BEOGRAD: 70 tons -BUDAPEST (Paks): 200 tons -BRATISLAVA: 580 tons -LINZ: 400 tons -REGENSBURG: 80 tons

24. 24 Danube-River Trade - Key Points 1) HIGH SEASONS CARGO & FREIGHT MARKET : GRAIN SEASONS IS BETWEEN JUNE TO DECEMBER. ALSO HIGHER FREIGHT FERTILIZER, IRON ORE, STEEL, COAL, MINERALS AND SOON RUNNING WHOLE YEAR. 2) LOW WATER SEASON IN PRINCIPLE SEPTEMBER/OCTOBER. HIGH WATER SEASON APRIL. BUT DUE TO “EL NINJO” YOU CAN NOT COUNT ON IT…ICE, IF SO, END JAN UP TO FEB. BUT IN THE LAST YEARS DANUBE WAS NOT CLOSED DUE TO ICE AS DANUBE HAS FAST STREAM. MAIN DANGER NEARBY THE LOCKS. BUT ICE NOT BIGGER DANGER IF CLOSED MAYBE ONLY SEVERAL DAYS. 3) ADVANTAGE: CHEAP FREIGHT RATES, BIGGER VOLUME IN ONE LOT, CAN BE USED DUE TO TRANSIT TIMES AS “SWIMMING STOCK”. DISADVANTAGE TRANSIT TIMES COMPARED WITH TRUCKS/RAIL DISADVANTAGE IS INFRASTRUCTURE OF THE WATERWAY AND IN THIS RESPECT LOW WATER HAS TO BIG INFLUENCE. MIN. WORKABLE LOTSIZE FOR BULK CARGO ON THE RIVER 800TO (1 SMALL VESSEL) 4) AIR DRAFT AND BRIDGE RESTRICTIONS ON DANUBE RIVER ROUTES : THE CARGO WITH MAX. HEIGHT OF 680CM ALL OVER THE YEAR. HIGHER PIECES DEPENDING ON BALLAST/WATERLEVEL 5) MAIN PORT FACILITIES ON DANUBE RIVERS: CONSTANTA/RO, IZMAIL/UK, RUSE AND LOM/BG, SMEDEREVO AND NOVI SAD/YU, VUKOVAR/CROATIA, BAJA, MOHACS, BUDAPEST, GÖNYÜ/HU, KOMARNO, BRATISLAVA/SLOVAKIA, VIENNA, KREMS, ENNS, LINZ/AT, PASSAU, STRAUBING, DEGGENDORF, REGENSBURG, KELHEIM/DE 6) LOW RUNNING COSTS: TWO CREW ONLY – LOW MAINTENANCE EXPENSES- NON COMPULSORY FOR ALL INT. REGULATIONS ETC. 7) OVER AGE VESSELS CAN BE TRADE – AVARAGE AGES 45 / 50 YEARS DEPENS ON SIZE 8) THE KEY POINT IS TO TAKE THIS ROUTE ALSO IN CONSIDERATION FOR BREAK BULK (PACKED OR BLK) AND HEAVY LIFT CARGOS AND BIGGER VOLUMES INSTEAD OF THINKING “ONLY” ON TRUCKS, RAILWAYS AND SHIPMENT IN CONTAINER!!

25. 25 Panta Rhei and PR Shipping – contacts PANTA RHEI Befrachtungs- und Speditions GmbH Europaring A04 401 A-2345 Brunn am Gebirge Phone: 0043/2236/379 777 Ext.: 150 Mobile: 0043/676 430 6868 Fax: 0043/2236/379 777 135 Email: illmayer@p-r.atillmayer@p-r.at SKYPE username: dieter.illmayer PANTA RHEI UKRAINE LTD Str. Hantadze 3 68001, Ukraine, Gebiet Odessa, Stadt Illichevsk Phone direct: 0038 (0)48 729 11 14 Fax: 0038 (0)48 729 11 14 Email: economist@pru.odessa.net pantarhei@pru.odessa.net intermodal@pru.odessa.net Web: www.pantarhei.com.uaeconomist@pru.odessa.net pantarhei@pru.odessa.net intermodal@pru.odessa.netwww.pantarhei.com.ua PR SHIPPING Speditions GmbH Brokerage & Chartering Europaring A04 401 A-2345 Brunn am Gebirge Phone: 0043/2236/379 777 Ext.: 120 Mobile:0043 676 3747010 Fax: 0043/2236/379 777 125 Email: martin@p-r.at www.panta-rhei-shipping.atmartin@p-r.at www.panta-rhei-shipping.at PR SHIPPING SRL Constanta Port Area, North Breakwater Km 1 + 100 Canopus Building, 2nd Floor, Suite 01 Phone:0040 - 371 - 136052 Fax: 0040 - 241 - 601630 Mobile: 0040-726-375424 Email: office@panta-rhei-shipping.comoffice@panta-rhei-shipping.com

26. Thank you for paying attention.... and see you soon on DANUBE-River 26