Investor Presentaiton

Long-Term, Sustained Investments in the Asset Base - - - 1 Domestic Dry-Bulk Renewal - $435 million since 2009 Fleet renewal largely complete with eight new Equinox class vessels delivered over the last decade Significantly reduced the average fleet age by approximately 30 years Improved safety, ergonomic and crew comfort innovations to drive employee engagement and other efficiencies Environmental benefits with better fuel efficiency resulting in 40% less greenhouse gases per tonne- kilometre of cargo carried Numerous technological improvements to increase vessel speed, capacity and overall efficiency A 650' Equinox Class self-unloader was delivered on September 29th, 2020 and in service in November 2020 In addition, a 740' gearless bulker is currently under construction and is expected to be delivered in Q2 of 2021 2 Domestic Product Tanker Fleet Expansion - $39 million in last 2 years Acquired two vessels in December 2018 and April 2019 to meet increased demand Increased revenue days of fleet by over 30% - Significantly reduced the average fleet age - - 3 Increased Ocean Self-Unloader Pool Ownership – US$224 million (2015 to 2019) 17 Acquired the interest of Oldendorff in the CSL Pool in 2019, increasing participation stake to 40% Increased the ocean going self-unloader fleet over the last five years from two to eight vessels operating in the Pool ALGOMA EQUINOX ST CATHARINES IMO 9613827 ALGOGONDO RAL-NOT ENTR Your Marine Carrier of Choice T

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