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Investor Presentaiton

Outlook and Strategies Vale Resumes Brucute Mine Production Vale gradually resumes production of suspended mines to positively impact iron ore seaborne trade PRC Demand for Raw Materials PRC's thirst for iron ore and coal remains to be the main driving force for capesize market 2020 Sulphur Cap IMO bunker sulphur content regulation will come into force on 1st January 2020 creating uncertainty for market Tonnage Supply Tightens Installation of scrubbers will positively impact supply/demand balance Flexible Chartering Strategies We continue to forge strong relationships with major miners and operators to have a mixture of long and short period charters in order to prevail in a cyclical market CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. 2019 Investor Presentation 3
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