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Investor Presentaiton

Major Investment and Joint Venture Effective Ownership Holding Name of Company Since Interest as of 30th June 2019 Main Operating Activities Taiwan Navigation, Co., Ltd. 50,000-80,000 DWT 2006 10.41% Bulk Carriers Global Energy Maritime 2011 12.00% Co., Ltd. IR DE GEMCO CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Crude and Product Tankers including VLCCs 2019 Investor Presentation 25 25
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