Investor Presentaiton

Capesize Fleet Supply Between January-June 2019, global fleet' s net growth is 1.25% M. Dwt Capesize Supply Development 25 20 15 10 5 0 5 10 15 20 25 2014 2015 2016 Scrapping New Deliveries Source: Clarksons Platou CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. 2017 6.00% 14.3 4.00% 3.43% 7.8 2.00% 1.25% 0.00% 3.10 3.60 -2.00% -4.00% -6.00% 2018 2019 Jun Net Fleet Growth 2019 Investor Presentation 13

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