Safe, Economical & Trustworthy Partner

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Safe, Economical & Trustworthy Partner

POS SM Introduction Safe, Economical & Trustworthy Partner POS SM is a leading total ship management company in Korea. We have maintained superior service quality and technical experts for more than 50 years. Based on the accumulated technologies and know-how, we will be a Safe, Economical & Trustworthy Partner with the vision of Highest Performance with Lowest OPEX. POS SM has been re-established in 2015, inheriting a tradition of Maritime Division of Pan Ocean. We are offering premium ship management services based on the accumulated knowhow more than half century. POS SM aims to become a trustworthy provider of ship management service with our core values: Safe Operation and Cost Saving. All our staffs bear in mind that we are fully responsible for the ship s safe operation, and we do our best efforts to achieve the Zero Accident, keeping basics and principles. Also we are well aware that the cost saving is the top priority agenda to survive in these adverse shipping circumstances. We will contribute ship-owners to overcome and develop with cost saving based on our accumulated management experience and know-how and advanced management system. POS SM will be Safe, Economical & Trustworthy Partner of the shipping industry and guarantees the Highest Performance with the Lowest OPEX. Im-Yeop Choi President & CEO 02 03

POS SM History Status Crews & Vessels Start up 1966. 05 Pan Ocean Founded (POS was Maritime Division of Pan Ocean) Crew Korean abt 800 As of June, 2016 / persons Growing up 1997. 07 POS Ship Founded Filipino abt 550 Burmese abt 200 (Independent SM company launched) Indonesian abt 170 2003. 01 Chinese abt 10 Merged Pan Ocean s Maritime Division Total abt 1,730 2004. 11 Merged into STX Vessel As of June, 2016 / vessels Begin Again 2015. 10 Re-established as a subsidiary of Pan Ocean Bulker 54 Tanker 14 LNGC 1 Wood Pulp 5 Container 2 SPV (Heavy Lift) 2 Total 78 Shore Staffs As of June, 2016 / Persons Marine Experts 66 General 33 Total 99 04 05

POS SM Service Scope We provide Total Ship Solution, based on accumulated know-how more than 50 years. 9001 14001 18001 Integration Technical Crew - Dry-dock Repair - Recruiting - Rules, Regulations and - Training /Education Local Standard - Procurement / Maintenance - Payroll Safety / Health / Environment / Quality System - Quality/Safety/Health/ Environment - Respond Emergency Situation Shipbuilding Supervision - Shipbuilding Consulting (Design/Spec/Budget) - Site Supervision Commercial - Chartering - Commercial Operation - Sales and Purchase Insurance - Insurance Contract and - Claim Handling - Risk - Accident & Operation Lost Control 06 07

POS SM Our Merits Overall Service of Shipping Value Chain Ship A to Z, Crew Technical Operating Insurance Shipbuilding Supervision Commercial Developed IT Solution Systematic with self-developed IT solution Planned Maintenance System Crew System Voyage System Budget Control Manual & Drawing Purchase, Supply & Inventory Excellent Crew Pool Qualified crew network by managing manning agency Officer Scholarship and Cadet MOU with maritime university of Korea and Southeast Asia Countries High Retention Rate (stable supply and cost saving by retaining well-trained crews) Cost Saving Scale Merit Accumulated Know-how Budget Control Network Advanced System Safety, Health, Environment & Quality ISO9001, 14001, 50001, OHSAS18001 TMSA / OVMSA ISM / ISPS / MLC Distinguished Know-how for Shipbuilding Supervision Human Resource and Technology based on experience of about 90 vessels Bulker Tanker 52 14 Special Purpose Vsl. VLOC PCTC Container Total 8 7 4 3 88 08 09

POS SM POS SM provides Highest Performance with Lowest OPEX 10 11

Address 3~4F PanoceanBldg, 102, Jungang-Daero, Jung-Gu, Busan, 48938, Korea Tel 82-51-400-1700 Fax 82-51-400-1990 http://www.possm.com / bugon.kim@possm.com