Port Shipping Central Limited

2009
	July	Incorporation Port Shipping Central Limited (“PS Central”) or 港航中央有限公司 (“港航中央“) was incorporated in July 2009.
	September	Indexes Four PS Central Indexes were established in order to track the stock movement of port companies publicly listed at various stock exchanges in China.
	November December 2010 October	Photos Photos were contributed by associates to celebrate the launch of this website officially, and they are on display. View Us. Website PS Central’s website was finalized and launched officially this month. One can reach our company’s website at www.p-s-central.com or www.portshippingcentral.com Logo PS Central and its logos were registered as trademarks. Investment bank visit We met with a large investment bank cyclical/transport team and have the following points: 1. We were in large agreement about what will work and what will not work in 2010+. 2. Our view is tanker deals stand a better chance of getting done. They liked that. 3. Our view is consolidation of small asset owners is needed. They agree with that. 4. They were generally unfocused on problem of some companies being "undervalued" relative to peers. 5. They thought some names would have best been listed in US. 6. They want to do mergers in 2010. Investment bank visit We met with a large investment bank's fund and it is in the search of buying new and distressed vessels.