Strong and Resilient Growth Path

INDUSTRIAL AND FINANCIAL OPINION LEADERS ARE SUPPORTIVE Global industrial behemoths are investing in the same direction Over 150 players within the maritime, energy infrastructure, and finance sectors signing on to the Global Maritime Forum 'getting to zero' coalition; top players investing in e-methanol means faster infrastructure development Freight ship owner market share Based on TEU, as of April 26th, 20231 Zim 2% Other Yang Ming 16% MSC Marine Transport Corp 18% 3% 47% of global freight ship share represented by Top 3 players MAERSK 8 container ships running on e-methanol ordered In the Fall 2021 Maersk. Increased to 12 in January 2022 Joins a €10bn project in Nov. 2022, partially financed with EU recovery fund, to produce up to 2 million tonnes of e-methanol a year in Spain by 2030 HMM Co Ltd 3% Ocean STENA (shipping) - PROMAN (world's largest producer of methanol) Maersk 15% ○ 3 methanol dual-fuel tankers launched, 5 to be delivered by 2023 Network Express 6% CMA CGM Evergreen Line 6% Hapag- Lloyd Group 13% 7% COSCO Group 11% 84% of global freight ship share represented by Top 10 players 1. Source: Alphaliner, https://alphaliner.axsmarine.com/PublicTop100/ 2. Source: All at sea, methanol and shipping - Longspur Research, January 2022 MITSUI WATERFRONT SHIPPING (Methanex Group) Joint effort to advance the commercialisation of renewable methanol as a viable marine fuel. Methanex has 30 vessels in operation NORVEGIAN CRUISE LINES plans to adapt its newbuilds to methanol as their primary fuel 14

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