LAUNCHING AND NAMING CEREMONY

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1 LAUNCHING AND NAMING CEREMONY for Newbuilding DWT Product Tanker MT STOC PETREA at Ceksan Shipyard, Tuzla Istanbul 8 May 2004

2 Program Ceremony start - National Anthems Commemorative Addresses Presentation of Memorial Plates Cutting of Ribbon and Launching/Naming Buffet and Refreshments End of Ceremony Lady Sponsor Ms ELIF BAYRAK Daughter of Mr Ilhan Bayrak, Managing Director of Ceksan Shipyard Encomium I name this ship STOC PETREA. Bless this ship and all who sail on her.

3 Construction Progress Key Events Contract Signing 6 February 2003 Steel Cutting 4 June 2003 Keel Laying 27 June 2003 Launching 8 May 2004 Delivery September 2004

4 STOC Tankers AB the principal owner of NB 22 MT STOC PETREA and sister vessel NB 23 MT STOC REGINA (del 2005) - has been created with the purpose of providing highly efficient, modern first class tonnage within the product tanker segment. STOC Tanker s goal is to operate a fleet of 6-8 product tankers in the NWE market within 5 years, offering modern and efficient tonnage to a few key charterers. A vast network of expertise is available to STOC Tankers through the parties involved in the company, comprising decades of involvement in Scandinavian and International shipping. As a fully owned subsidiary of Stockholm Chartering AB, STOC Tankers AB is managed by Bo Andersson (Managing Director) and Johan Dicksved (Project Manager). Bo Andersson (Discussing with Site Manager Håkan Nilsson on location at Ceksan Shipyard in Istanbul) has almost 30 years experience from international shipping, having worked with Saléns, Stockholm Chartering and other companies since the 1970 s onwards. Johan Dicksved worked at sea for over 10 years, holding positions as Chief Officer and Master in tankers. After obtaining a degree in management in 1999, Johan joined Stockholm Chartering working with Market Research and Projects, including newbuilding contracting. STOC Tankers AB Board of Directors assembles a wide range of experience with the following members; Bo Andersson Henrik Ankarcrona Johan Dicksved Torsten Engwall Michael Kjellberg - Stockholm Chartering AB - Hinc Asset Management AB - Stockholm Chartering AB - Engco Invest AB - Scanmer AB Erik Hägg - Substitute board member

5 Ceksan Shipyard was established in 1960 on the shore of the Golden Horn in Istanbul, Turkey. Having relocated to the present site in Tuzla in 1986, the yard has pursued a strategy of expansion through investing in modern facilities enabling larger and more demanding projects. The yard processes about tonnes of steel per year on newbuildings and repairwork. Ceksan Shipyard is today one of Turkey s leading shipbuilders with a growing reference list of international and domestic clients.

6 Crew Chart Shipmanagement is a fully owned STOC Tankers subsidiary dedicated to handling crewing and technical management of STOC Tanker s vessels. Key personnel in Crew Chart Shipmanagement include; Johan Dicksved, MD, after 10 years at sea including serving as Chief Mate and Master on tankers, now works on the commercial side of shipping with Stockholm Chartering AB. Capt. Anders Boman, Nautical Superintendent, who has served as Chief Mate and Master for 10 years as well as with developing and implementing ISM systems in product tanker companies. Marine Engineeer Håkan Nilsson, Techical Superintendent, with vast experience of newbuilding supervision and dockings who supervises the newbuilding programme. Applying a hands-on approach in the company, Capt. Boman and Håkan Nilsson have been closely involved in NB 22 & NB 23 from the design stage, and will be prominently involved in the daily shipboard management after delivery. Johan Dicksved Håkan Nilsson Anders Bohman Crew Chart Ship Management AB s Board of Directors consist of; Bo Andersson -Stockholm Chartering AB Nigel Burt -Stockholm Chartering AB Johan Dicksved -Stockholm Chartering AB Lars-Erik Hansson -Engwall Group Rune Odh -Ramonia Chartering AB Erik Hägg -Substitute board member

7 Partners Provides substantial knowledge and experience from shipowning, shipmanagement and shipbrokering through Michael Kjellberg, also member of Stockholm Chartering AB s board. Michael Kjellberg s involvment in companies such as Gothenburg Chartering and Swedish Orient Line provide the group with access to a vast range of contacts within the business, both financially and technically/commercially. Shipbroker and operator established 1996 in Gothenburg, is specialized in tanker chartering/commercial operation and time-charter management of tankers mainly in the Baltic, North-West European incl. Swedish domestic and Lake Vänern trade. The management and daily operation is based on a more than 30 years experience from various local small tanker owners. Ramonia Chartering are appointed as exclusive brokers for MT STOC PETREA, and will as such handle chartering and operations of the vessel. is controlled by Torsten Engwall who has vast experience and engagements in shipping through both shipowning and ship agencies. Torsten Engwall is board member in Stockholm Chartering AB, the Swedish Shipowner s Association and Swedish Ships Mortage Bank Torsten Engwall was also a partner in ACOL Tankers and ICB Shipping, companies close to Stockholm Chartering AB. The Engco Invest Group also includes Shipbrokers AB PJ Haegerstrand,Stefan Trybom AB and HML Shipping AB. The shipping company Rederi AB Nordship is also a part of the group. Rederi AB Dagny A family owned company run by Sven-Åke Andrén - has been involved in shipowning for decades. The Andrén family also manage a ship agency in Sweden since generations back, and will contribute significant operational experience to the project.

8 Preem Petroleum AB is Sweden s biggest oil company and accounts for two-thirds of the Swedish refinery capacity and one-quarter of the Nordic refinery capacity. Preem carrries out extensive trading and refining of crude oil as well as sales of products to companies active both in Sweden and internationally, primarily in North-West Europe. Over half the production is exported, making Preem one of Sweden s largest exporters. The Scanraff Refinery in Lysekil and the Preem Refinery in Gothenburg are among the most modern in Europe. In total, 15 million tonnes are refined each year making Preem the largest refiner in the Nordic region. Preem Petroleum has secured MT STOC PETREA for long-term employment through a contract of affeightment. Swedbank Shipping provides ship finance to clients based primarily in Scandinavia and Northern Europe. Swedbank has been committed to the shipping industry for a long time and are mainly active in the tanker, gas, dry-bulk and ro-ro segments. Swedbank appreciated the dynamics of the shipping industry and our business is founded on the close and long-standing client relationships. Our clients range from family enterprises to global players and we aim to be their preferred provider of financial services. Swedbank has shipping branches in Stockholm, Gothenburg and Oslo. FöreningsSparbanken AB (Swedbank) is the sole lender for MT STOC PETREA. is one of Sweden s most prominent shipbrokers with extensive experience in chartering, newbuilding contracting and sale and purchase. Founded in 1985, the company brought together an experienced team of brokers and operations staff which have since been involved in the development of companies such as Tanker Trading, ICB Shipping AB and ACOL Tankers. Initiating STOC Tankers is a natural step for Stockholm Chartering, who throughout their existence has been engaged in shipowning in various forms. In newbuilding contracting Stockholm Chartering has concluded close to 40 vessels, including Suezmaxes & VLCC s for ICB Shipping and Argonaut and car carriers for Wallenius Lines. Stockholm Chartering AB brokered the contract for MT STOC PETREA at Ceksan Shipyard.

9 Stoc Petrea MT STOC PETREA has been specifically designed for swift cargo operations carrying single-grade cargoes. The vessel will offer an extremely high capacity in discharging and loading facilities, all for the sake of minimizing turnaround times for charterers. Special consideration has been taken to the ship s design with regards to operational redundancy and environmental safety. For example, the vessel can be maneuvered by the water-jet bow thruster in the event of the ordinary propulsion failing. Special redundancy has been designed into the auxiliary power system, and the cargo system allows for great flexibility in discharging. With dimensions allowing access to Lake Vänern in Sweden MT STOC PETREA is the first dedicated tanker built for this trade in over 20 years, offering the market modern double-hull tonnage for safe and efficient transport of petroleum products.

10 GENERAL ARRANGEMENT

11 Owners Partrederiet för NB 22 / 23 STOC Tankers AB = Principal Owners Commercial/Operational Management Ramonia Chartering AB Administrative Management STOC Tankers AB Crewing and Technical Management Crew Chart Shipmanagement AB Main Particulars LOA LBPP Breadth extreme Breadth moulded Depth moulded Draft scantling Draft design Draft Vänern DWT at 6,50 m Capacities Cargo tanks 100% Ballast Diesel Oil Fresh Water Main Engine Man B&W Alpha 8L28/37 Service speed Fuel Class 88,00 m 84,00 m 13,40 m 13,35 m 8,00 m 6,60 m 6,50 m 5,40 m mt M M3 204 M3 79 M kw Abt. 13 knots MDO BV; I + HULL + MACH, OIL TANKER-ESP, UNRESTRICTED NAVIGATION, AUT-MS, ICE CLASS 1B, VCS Flag Swedish Tonnage Gross Net Main Machinery tonnes tonnes MAN B&W CP Propeller Alphatronic 2000 Propulsion control Jastram 360 Deg. Water Jet Thruster with continuous rating 350 kw 2 x Volvo Penta TMD165A 400 kw Volvo Penta TMD74A 150 kw Shaft Generator 450 kva Deck Machinery Electro-Hydraulic 2 x Anchor windlasses 2 x Mooring winches aft 1 x 12 m Hosehandling crane SWL 1,5 t 1 x Provision crane SWL 0,5 t Cargo System Cargo Tanks 11 Svanehöj Deepwell cargo pumps 11 Loading Capacity M3/hr Discharge Capacity M3/hr Heating Thermal oil Cargo Cleaning -Scanjet fixed machines Cargo Control CCR located on Bridge Ballast system fully remotely controlled Cargo system pumps, discharge and dropline valves remotely controlled SAAB Tankradar level guaging system OUTLINE SPECIFICATION

12 Turkey & Shipbuilding Stradling Asia and Europe, Turkey has been the scene of major empires such as the Roman, Byzantine and Ottoman to mention a few. The Republic of Turkey dates back to 1923 with Atatürk as the president, evolving from the remains of the Ottoman Empire. While the vast majority of the population is Muslim (98 %), the Republic of Turkey has a secular constitution. A country of almost 70 million people, Turkey s economy is a mixture of modern industry and traditional agriculture. Major export products include textiles and clothing, agricultural products, metal manufactures and transport equipment. With its extensive coastline, consisting of the Black Sea coast, Mediterranean and Aegean coasts, as well as the famous Bosphorus Strait and Marmara Sea, Turkey has since ancient times had a natural relationship to shipping and shipbuilding. The Turkish shipbuilding industry of today is largely concentrated to the Tuzla Bay region, some 30 km east of Istanbul on the Anatolian side. Here a unique environment has evolved with over 30 shipyards located next to each other, attracting an extensive network of suppliers and subcontractors to the region. Over the past few years Turkey has proven itself as a prominent shipbuilding nation, where increasing numbers of international owners are contracting their newbuildings. Tuzla Bay The Heart of Turkey s Shipbuilding Industry

13 Petrea of Råå History of the name Petrea Petrea was a 3 masted schooner built by Holms & Gustafssons shipyard at Råå in With her 275 tonnes Dwt. Petrea is the largest sailing vessel to have been built at Råå, and she was considered to have a very good cargo capacity. Petrea was contracted by Capt. Janne Pettersson together with 27 other partners, a common structure of ownership at the time. The vessel continued to trade under various Swedish owners / partnerships until 1934 when she was sold to Poland as a training ship. During the second world-war the vessel was used by the German navy for training officers, after the war she was returned to Poland in such as poor condition that she was soon scrapped. Skonertskeppet Petrea är det största segelfartyget med Råå som byggnadsort. Fartyget timrades av furu och ek på kravell och mätte c. 275 tons d.w. när det 1901 fick av stapeln från I. E. Holms & A. K. Gustafssons varv. Beställare var ett partrederi med sjökapten Janne Pettersson i Hälsingborg som huvudredare. När fartyget levererades kostade det :33 kronor! Det inträffade under varvets tredje år och då som alltid var det hög kvalitét på arbetet. För att vara säker på att skutan skulle bli tät, hyrde varvet drivare från Hälsingborg. Skeppet hade ett däck med fullständig garnering. Liksom övriga varvets leveranservar skrovet av jakttyp med krum stäv och flat spegel. Denna konstruktionsform anses vara starkare än hos klipperbyggen, där aktern visar benägenhet att sjunka med åldern. Som regel är det också lastdryga skepp. Akterut var ett halvdäck med halvruff, vilken rymde befälhavarens och styrmans- eller bästemanshytt. Från denna ledde en dörr till segelkojen längst akterut. På däcket ovanför stod lamp- och rundhuset och akter därom hängde livbåten i sina dävertar. Ett däckshus kring fockmasten rymde kabyss och rum för besättningen. En mindre lucka vid ankarspelet förde till kabelgattet. Besättningen räknade till 6 man; befälhavaren, styrman eller bästeman, lättmatros, två jungmän och så kocken. Rederiet för skonertskeppet bestod av 28 delägare om 100 parter. Denna uppdelning på många ägare var under segelsjöfartens tid förhärskande företagsform och hade fast förankring i bygden. Skepparen var så gott som alltid delägare, givetvis för att han hade omedelbart intresse för att den ekonomiska föreningen blev lönande. Ett partrederi kan i allmänhet ses som uttryck för otillräcklig kapitaltillgång hos ett mindre antal personer med ett intresse för eller behov av sjöfart. Hur därmed förhåller sig växlar

14 emellertid inte bara från tid till annan utan också från ort till ort. Samhällets egna invånare satsade gärna kapital i ett fartyg men inte nog härmed, burgna lantbrukare från trakten kring Råå ville också vara med och jämväl företrädare för åtskilliga andra yrkeskategorier. Ångfartygen vann bara ett fåtals intresse, främst beroende på att de ekonomiska resurserna ej räckte till. Man var i huvudsak hänvisad till egna tillgångar och fick alltså investera i de billigaste fraktfartygen, segelskutorna. En presentation av Petreas rederi synes alltså motiverad av flera orsaker, vartill kommer att den ger en god uppfattning om hur varierande rekryteringsbasen för delägare kunde vara. De tre andra skutorna anskaffades och dirigerades efter samma grunder som Petrea, liksom flertalet av samhällets segelfartyg. Bolagsbildning var uteslutande en angelägenhet för ångfartygsrederier. I det nybildade rederiet hade följande personer tecknat andelar: 9 Sjökapten J. Pettersson, Hälsingborg 7,5 Sjökapten N. Petersson, Råå 3 Sjökapten N. Lundh, Råå 3 Sjökapten N. P. Backe, Råå 3 Sjökapten C. P. Olsson, Råå 3 Sjökapten Th. Bolmér, Hälsningborg 1,5 Sjökapten A. E. Borgström, Köpenhamn 3 Skeppare P. Jacobsson, Råå 16 Skeppare Fr. Pålsson, Råå 6 Skeppare A. Johansson, Råå 0,75 Byggmästare I. E. Holm, Råå 3 Byggmästare M. Lundström, Råå 0,75 Byggmästare Ch. Lund, Råå 3 Fröken A. Hallberg, Hälsningborg 3 Toffelmakare J. P. Jönsson, Råå 7,5 Bagaremästare S. Andersson, Råå 3 Bagare J. Olsson, Ö. Broby 1,5 Predikant A. Jeppson, Råå 1,5 Målaremästare A. Andersson, Råå 3 Lantbrukare J. Jönsson, Mjöhult 1,5 Lantbrukare P. Jönsson, Raus 4,5 Kontorist B. Nelson, Väsby 3 Kontorist P. W. Svendsen, Helsingör 1,5 Fiskhandlare A. Kropp, Råå 1,5 Bokhandlare O. Killberg, Hälsingborg 1,5 Bokhållare C. A. Bergström, Hälsingborg 3 Änkefru A. Malmgren, Råå 1,5 Arbetsförman B. Petersson Hälsingborg Till befälhavare utsågs kaptenen Fredrik Pålsson i Råå, vilken förvärvade 16 parter. Titeln är den vanliga på befälhavare i samhällets skutor; formellt var kaptenerna oexaminerade skeppare men hade mångårig och ingående erfarenhet av alla med sjöfart förenade problem. Fram till 1916 hade Petrea Hälsingborg som hemort och fördes från 1904 av kapten Johan Th. Petersson från Råå. Denne blev också delägare med 13,25 parter. I slutet av 1916 såldes fartyget för kronor till ett partrederi i Halmstad (45 delägare). Skonertskeppet köptes i mars 1920 till Råå och lotsförmannen A. R. Råwall blev huvudredare för ett rederi med 75 delägare och 180 lotter! Köpsumman uppgick till kronor. Första världskrigets högkonjunktur var passerad och under 1920-talets magra år seglade Petrea som alla andra med ringa vinning. Befälhavare var kapten A. Hj. Andersson och denne var med om konverteringen till tremastad skonare. Riggen förenklades för att göra fartyget mer lätthanterligt och

15 minska omkostnaderna. Ändringen förde dessutom med sig att besättningen kunde minskas med en man, även det ett uttryck för skärpta konjunkturer, tillika med allt hårdare konkurrens från ångfartygen. Fockmasten var till en början riggad med enkelt råtoppsegel (märssegel) och en halv bredfock. Den senare skiftades från ena till andra sidan efter vinden. Båda råseglen löpte på en snormast (snaumast) framom fockmasten. På stor- och mesanmasterna fördes gaffel- och toppsegel. Förseglen utgjordes av stagfock, förstäng, klyvare och jagare. År 1931 försågs Petrea likt många syskon med hjälpmaskin, på 80 hkr, vilket fördröjde men ej botade den misär i vilken småskutorna seglade. Året innan övergick tremastskonaren till Skärhamn, varvid stängerna kortades ned och rårna togs bort. Fartyget hade egentligen sålts för kr men efter mycket ordande reducerades priset till kr. Tio gånger mindre än vid inköpet till Råå! Vikande konjunkturer fällde utslaget men bidragande var också konstaterad röta. År 1934 såldes fartyget ånyo, denna gång till Polens Scoutförbund och blev övningsfartyg. Priset var kr. Polackerna sökte hålla fartyget i gott skick. Andra världskriget bröt ut och fartyget införlivades med tyska marinen. Som utbildningsfartyg för blivande sjöofficerare for Petrea så illa, att hon fick huggas upp kort efter det att hon återlämnats till Polen. Det tidigare givna namnet Zawiza Czarny - efter en legendarisk medeltida riddare och scouternas förebild, kom åter till heders. Text & bild från Skepp och Sjömän av Jan Davidsson. AB Killbergs Bokhandel 1970

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