Investor Presentaiton

. . Domestic Shipping Services Financial constraints have a severe impact on the quality of domestic shipping services. Shipping operators have problems in accessing finance for repair and replacement. Commercial banks do not find the domestic shipping sector an attractive area for lending because of the high risk and lack of adequate collateral for loans. Under the present circumstances the shipping sector is locked into a situation where old vessels are replaced by other old vessels and there are no prospects of reducing the high average age of the fleet

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