COSCO SHIPPING Development Co., Ltd.* 02866 13.10B 2019 7 12 Graeme Jack * 622 COSCO SHIPPING Development Co., Ltd.
1 2 27 28 1
2017 9 12 171433 A 2
... 4 1... 4 2... 16 3... 33 4... 47 5... 53 6... 66 7... 75 8... 87 9... 90 10... 92 11... 94 12... 96... 100 1... 100... 101 1... 101 3
1 1 2016 1 2016 2016 2017 2018 4
2017 2018 94% 2018 12 31 74 58.2 TEU 16 4.8 TEU 4 25.6 LNG 80 Clarksons 2018 12 31 2017 2018 93% 5
2018 12 31 379.71 TEU 340.14 TEU 3.63 TEU 35.94 TEU Drewry 2018 12 31 2 2017 2018 2018 12 31 55 TEU 3 2017 2018 6+1 6
4 2014 2015 3 4 2017 14,358.05 20,663.43 2.50% 6.45% 2018 27,491.93 17,199.61 5.37% 5.37% 7
2017 2018 2018 12 31 /2018 2017 12 31 /2017 2,910,909.80 2,511,827.79 2,453,131.66 2,089,262.33 457,778.14 422,565.46 205,698.94 144,284.26 47,109.10 50,413.26 35,212.68 37,663.28 2017 2017 12 2017 18.07% 17.10% 25.96% 9.05% 25.75% 24.58% 2018 2018 2018 21.12% 20.48% 25.38% 12.59% 25.62% 24.48% 2017 2018 2018 2017 29,378 29,382 38,871 38,041 52,077 40,184 8
2018 2017 - -273 1 69,561 30,163 189,886 137,496 2017 2018 2018 12 31 2017 12 31 354,495 384,505 470,669 496,341 724,108 644,593 1,146,867 710,746 2,696,140 2,236,185 2 2 2017 2018 2018 2017 832,635.51 49.91% 893,858.11 54.70% 591,962.46 35.48% 549,242.04 33.61% 34,633.90 2.08% 40,100.92 2.45% 1 2016 12 31 2017 1 1 2017 2016 273 273 2017 2017 2 2017 [2018]888 2018 XYZH/2019BJA130296 9
2018 2017 1,886.79 0.11% 3,052.06 0.19% 3 205,698.94 12.33% 144,557.73 8.85% 1,556.17 0.09% 3,323.93 0.20% - - 1,668,373.77 100.00% 1,634,134.79 100.00% 2017 2018 893,858.11 832,635.51 54.70% 49.91% 2017 2018 858,836.63 787,943.98 96.08% 94.63% 2017 2018 559,142.96 484,889.04 97.50% 94.63% 2017 2018 299,693.67 303,054.93 93.55% 94.63% 2017 2018 2018 2017 88,025.26 61.19% 27,026.79 17.64% 31,894.70 22.18% 20,222.94 13.20% 14,628.30 10.17% 15,116.30 9.86% 4 57,682.13 40.11% 114,327.86 74.61% 44,074.91 30.65% 46,501.81 30.35% -74,993.95-52.14% -60,579.87-39.53% -17,492.43-12.16% -9,373.93-6.13% 3 4 10
2018 2017 143,818.92 100.00% 153,241.90 100.00% 2017 2018 114,327.86 57,682.13 74.61% 40.11% 2018 2017 / 7,960.43 12,807.29 7,033.79 3,392.20 232,091.74 206,432.40 247,085.96 222,631.89 22 [2017]7 2018 1 1 2018 12 31 2018 2017 2018 46,501.81 44,074.91 30.35% 30.65%, 2017 2018-60,579.87-74,993.95 2016 2017 2018-9,373.93-17,492.43 11
2017 12 31 2018 12 31 2018 12 31 2017 12 31 7,422,345.35 53.85% 6,897,400.88 49.61% 496,033.08 3.60% 469,608.77 3.38% 63,788.31 0.46% 1,902,408.10 13.68% 3,418,789.69 24.80% 3,153,116.16 22.68% 2,910,909.80 21.12% 2,511,928.56 18.07% - - 694.19 - -528,123.80-3.83% -1,031,390.62-7.42% 13,783,742.43 100.00% 13,903,766.04 100.00% 2017 12 31 2018 12 31-1,031,390.62-528,123.80 2017 12 31 2018 12 31 2018 12 31 2017 12 31 5,453,023.21 45.52% 4,410,806.44 36.11% 364,140.61 3.04% 313,092.42 2.56% 8,431.70 0.07% 1,936,279.21 15.85% 2,584,532.25 21.57% 2,567,046.86 21.01% 2,266,611.66 18.92% 2,194,476.62 17.96% 1,746,339.36 14.58% 1,754,229.01 14.36% -443,350.02-3.70% -959,543.19-7.85% 11,979,728.77 100.00% 12,216,387.37 100.00% 12
2017 12 31 2018 12 31 1,754,229.01 1,746,339.36 2016 2017 12 31 2018 12 31-959,543.19-443,350.02 2017 12 31 2018 12 31 5 2018 12 31 2017 12 31 1,969,322.14 109.17% 2,486,594.44 147.36% 131,892.47 7.31% 156,516.35 9.28% 55,356.61 3.07% -33,871.11-2.01% 834,257.44 46.24% 586,069.30 34.73% 644,298.14 35.71% 317,451.94 18.81% -1,746,339.36-96.80% -1,753,534.82-103.92% -84,773.78-4.70% -71,847.43-4.25% 1,804,013.66 100.00% 1,687,378.67 100.00% 2016 10.28 2017 3 31 796 5 13
2016 12 31 2016 10.28 2017 3 31 796 10.28 2018 12 31 0.00 5.27 2017 2018 2018 12 31 /2018 2017 12 31 /2017 52,679.87 85,036.06 10,665.85 13,813.43 3,653.60 5,688.84 3,421.45 5,185.58 2017 2018 2017 2018 2017 2018 14
2017 2018 2017 2018 2017 2018 2017 2018 15
2 1998 3 6 2016 5 18 16
2016 2 + 6+1 2018 12 31 % 1-2 100.00 3 100.00 4 100.00 5 100.00 17
% 6 Ocean Fortune Investment Ltd. 100.00 7 2013 100.00 8 Oversea Lucky Investment Limited 100.00 9 100.00 10 100.00 2016 2017 2018 2018 12 31 /2018 2017 12 31 /2017 2016 12 31 /2016 2,658,985.04 2,646,276.77 2,243,505.63 1,738,314.22 1,683,286.35 1,637,757.10 920,670.82 962,990.42 600,464.46 35,948.90 54,093.24 274,018.68 65,875.14 193,564.03-133,199.06 44,978.47 172,775.49-146,839.84 2016 1 2016 22 [2017]7 2018 1 1 18
2018 12 31 2018 12 31 1 2016 3 31 2016 12 31 2017 12 31 2018 12 31 2018 12 31 2017 12 31 2016 12 31 2016 3 31 B - - - 2,130.23 STX Pan Ocean Shares - - 27.66 25.40 B - 5,005.84 2,080.04 - B - - 5,138.90 - B - 16,095.84 - - B - 6,049.77 - - - 5,028.07 - - B - 12,549.31 - - B - 5,006.72 - - B - 5,006.60 - - B 50.26 - - - - 0.60 - - 50.26 54,742.76 7,246.60 2,155.62 2016 3 31 2016 12 31 2017 12 31 2018 12 31 2,155.62 7,246.60 54,742.76 50.26 2018 2 19
2016 3 31 2016 12 31 2017 12 31 2018 12 31 2018 12 31 2017 12 31 2016 12 31 2016 3 31 - - 19,660.88 19,480.88-2,079.92 4,024.61 2,165.65-2,408.03 2,298.97 1,992.56 2 - - 1,859.00 1,777.96 - - - 5,575.07 - - - 2,015.93 - - - 4,005.37 4,000.66 - - - 15,000.00 - - 3,000.00 - - - 5,962.80 - - - 3,000.00 - - - 3,000.00 - - - 10,037.00 - - - 15,945.00 - - - 49,438.12 46,844.12 33,008.05 3,001.19 5,207.94 9,965.23 13,940.98 2,263.10 2,134.14 2,134.14 2,134.14 - - - 6,144.00 81,246.53 101,503.24 107,105.69-34,166.08 34,559.57 9,800.00-89,485.71 137,763.55 - - 820.15 1,306.50 - - 20
2018 12 31 2017 12 31 2016 12 31 2016 3 31 210,982.76 282,474.94 129,005.06 22,219.12 2,992.93 8,000.00 8,000.00 8,000.00 11,066.00 10,000.00 5,000.00 - - 5,000.00 5,000.00-30,039.00 30,000.00 15,000.00-15,954.19 14,708.87 14,708.87-499.00 499.00 - - 499.00 499.00 - - 2,174.47 750.00 - - 5,553.00 - - - 37,055.50 - - - 18,100.00 5,056.18 4,647.83 133,637.10 69,456.87 47,708.87 8,000.00 - - 4,915.22 4,850.22 - - 13,065.00 13,305.00 1-2 - - - 24,500.00 1 - - - 10,596.00 1 - - 159,000.00 - - 1 - - 15,000.00 - - - - 28,500.00-21
2018 12 31 2017 12 31 2016 12 31 2016 3 31-57 - - 12,055.40-2 - - 15,058.50-1 - - 10,031.00 - A - - 50,225.00 - - - - 80,000.00 - - - 387,850.12 53,251.22 344,619.86 401,369.91 611,408.16 116,478.39 2016 3 31 2016 12 31 2017 12 31 33,008.05 46,844.12 49,438.12 28.34% 7.66% 12.32% 2016 3 31 2016 12 31 2017 12 31 2018 12 31 22,219.12 129,005.06 282,474.94 210,982.76 19.08% 21.10% 70.38% 61.22% 2016 3 31 2016 12 31 2017 12 31 2018 12 31 8,000.00 47,708.87 69,456.87 133,637.10 6.87% 7.80% 17.30% 38.78% 2016 3 31 2016 12 31 2017 12 31 2018 12 31 53,251.22 387,850.12 0.00 0.00 45.72% 63.44% 0.00% 0.00% 22
3 2016 3 31 2016 12 31 2017 12 31 2018 12 31 2018 12 31 2017 12 31 2016 12 31 2016 3 31 753.59 1,502.32 977.81 2,057.94 13,364.79 13,087.54 12,757.14 12,339.60 123,409.93 113,957.46 107,163.41 116,647.51 27,470.74 18,299.58 12,950.50 9,681.81 88,313.26 91,924.24 90,654.83 80,969.41 818,448.16 756,047.58 697,593.49 941,822.77-179.89 248.6 493.34 - - - 1,999.37 763,605.51 662,520.68 574,937.88-401,034.98 377,967.07 340,889.28-4,633.92 4,398.95 - - 176.44 242.60 - - 4,545.22 4,183.01 - - 578.53 863.78 - - 377.91 300.00 - - 1,814.83 - - -- 9,002.70 - - - 124,729.73 - - - 2,382,260.26 2,045,474.71 1,838,172.93 1,166,011.74 4 23
2016 2017 2018 2018 2017 2016 232,091.74 206,432.40 154,657.53-7,116.65-132.43 8,442.60 7,544.52 352.76 19.18 7,998.62 242.39 84.88-3,392.20 3,097.25-12,807.29 7,700.00 9.40 - - 240,527.64 223,094.60 174,001.45 2016 2017 2018 154,657.53 206,432.40 232,091.74 88.88% 92.53% 96.49% 2016 2017 2018 2018 2017 2016 12,243.20 11,070.07 10,094.94 4,255.08 5,383.63 4,084.88 379.30 1,851.89 1,102.63 66,794.08 48,584.37 4,426.11 96,899.30 92,324.72 88,491.76 44,418.73 46,670.56 45,155.92 7,102.06 547.17 1,301.29 232,091.74 206,432.40 154,657.53 24
2016 2016 2016 11 2016 2 1 2017 2 15 1.5 LP 2017 9 19 GP 1,350 600 1,050 45% 20% 35% 25
2 2017 8 30 0.9 45% 2018 2 9 25% 20% 10% 2016 2016 1 2016 26
20 0.9 1 2013 8 2013 8 12 [2013] 2438 2013 8 27 2013 8 28 2013 77 2013 8 27 50,000 100% 2013 8 29 310115002168905 450 27 A B 50,000 50,000 2015 12 2015 11 6 27
10 15 15 100% 2015 11 30 [2015] 15004 2015 9 17 100,000 150,000 150,000 2015 12 3 91310000076478553L 2 2015 12 10 1 2 89.79% 20% 100% 2015 12 11 2015 100% 2016 2 1 2016 2015 2016 3 29 192,993.70 100% 2016 3 29 28
2016 3 24 3 2016 2017 10 27 20 2017 10 27 36 2017 1 2016 12 30 10 15 25 25 25 100% 2016 12 23 2017 1 22 91310000076478553L 2017 10 2017 10 20 10 25 35 35 35 100% 2017 10 24 2017 10 23 29
91310000076478553L 2 2016 2017 10 27 59 2017 10 27 36 2017 10 30 40 17.00 36 36 36 2017 10 27 36 36 30
2017 10 27 2016 2016 2016 36 2016 31
2016 36 2016 2017 2018 2016 2016 36 2016 2016 36 32
33
3 2016 Florens Container Holdings Limited 100% Florens International Limited 34
2018 2017 2016 2,087,031.88 1,561,454.99 1,702,351.78 1,151,164.13 778,153.59 881,220.64 935,867.75 783,301.40 821,131.14 2018 2017 2016 164,332.73 187,580.25 194,086.71 123,520.83 138,806.87 158,919.48 8,651.64 9,817.94 7,767.21 8,651.64 10,820.38 8,807.71 7,670.02 9,592.04 8,081.32 TEU 2018 12 31 2017 12 31 2016 12 31 3,401,401 3,221,603 2,947,051 36,278 36,278 288,787 359,384 406,394 465,366 3,797,063 3,664,275 3,701,204 2016 2016 12 31 2017 12 31 2018 12 31 2018 2017 2016 98.8% 97.3% 94.5% 35
2017-2019 2017-2019 68 1 1 2016 BDICCFI 2016 2017 2017 1,145.27 70.16% 820.08 15.39% 2018 818.43 2018 2 2016 Drewry 2017-2019 2016 3,774 2019 4,301 TEU 527 TEU 2017-2019 637 TEU 2017-2019 1,164 TEU 2016 2017-2019 591 TEU 2016 2017 36
2 2017-2019 2016 2017-2019 2014-2016 91,311TEU 38,389TEU 82,815TEU 2017-2019 78.04 TEU 2019 2017-2019 TEU 2017 2018 2019 48,000 351,603 380,820 780,423 122,584 276,845 328,400 727,829 102,392 190,400 167,061 459,853 20,192 86,445 161,339 267,976 3 2017-2019 2016 9 2017-2019 2017-2019 118 37
1,832 /TEU 2017-2019 98.36 TEU 2016 2016 9 1,470 /TEU 2,200 /TEU 2017 4 1,832 /TEU 2,100 /TEU 2017-2019 118 2,100 /TEU 2017-2019 98.36 TEU 78.04 TEU 2017 4 2017-2019 1,121 TEU 2016 47.8% 2017-2019 536 TEU 2017-2019 1,164 TEU 2017-2019 591 TEU 4 68 1 2016 38
2017-2019 2 Drewry 2017-2019 591 TEU Triton 560 TEU 40-50 TEU Textainer 330 TEU 20-30 TEU 6%-10% 2017-2019 72.8 TEU 3 2016 2017 9,592.04 2016 8,081.32 2018 7,670.02 39
68 1 1 2 2016 12 31 12% 88% 40
12% 2% 2017 12 31 13% 87% 13% 2018 12 31 22% 78% 22% 3 2016 2017 2018 51.76% 49.84% 55.16% 2 2016 2016 54 2017-2019 63.5% 41
2017-2019 2,100 /TEU 2000 Drewry 2000-2016 1,932 /TEU 1,350 /TEU 2,700 /TEU 2016 2017 4 3,850 / 2016 9 3,200 / 650 / 20% 2017 4 1 130 2017 4 2,200 /TEU 2016 9 1,470 /TEU 730 /TEU 50% 2017-2019 2,100 /TEU 2017-2019 118 2,100 /TEU 78.04 TEU 749,300 680,000 2017-2019 TEU USD/TEU 2017 72,576 46,086 48,000 2,100 2018 531,624 337,581 351,603 2,100 2019 575,800 365,633 380,820 2,100 1,180,000 749,300 780,423 2,100 42
1 Drewry 2017-2019 637 TEU2017-2019 72.8 TEU 2 Alphaliner 2018 10 82% 3 Cash-On-Cash return 43
1 Drewry 2000-2018 20 0.67 / 0.35 / 0.95 / 2000-2018 USD/ 2000 0.75 2001 0.70 2002 0.60 2003 0.60 2004 0.80 2005 0.85 2006 0.65 2007 0.65 2008 0.75 2009 0.65 2010 0.95 2011 0.95 2012 0.75 2013 0.55 2014 0.53 2015 0.42 2016 0.35 2017 0.56 2018 0.58 0.67 Drewry 2018 12 31 2016 44
2017 2017 20 2016 0.35 / 0.56 /2018 20 0.58 / 20 2017-2019 0.62 /0.63 / 0.63 / 2000-2017 20 0.67 / 2017 2019 2017-2019 2,100 /TEU 2017-2019 10.7% 11.0% 11.0% 2017 2018 2019 / 0.62 0.63 0.63 /TEU 2,100 2,100 2,100 10.7% 11.0% 11.0% 2018 20 0.63 / 2017 2019 2018 2,100 /TEU 2,200 /TEU 2,100//TEU 0.6% 2017-2019 2 Cash-On-Cash return 45
= 365 Drewry 2017-2019 2017-2019 68 2017-2019 2016 2017 2018 2016 2017 2018 46
2017 2019 2017-2019 2017-2019 2017-2019 47
4 1 07 18 10 2017 6 12 078019.IB 07 078019.IB() 2007-06-26 2017-06-07 () 4.5100 ( ) 100.0000 1 4.51% ( ) 10 2007-06-12 2017-06-12 2007 48
() 18 Wind 2 2018 2017 2016 000415.SZ 86.59% 88.21% 82.58% 600705.SH 86.19% 88.04% 83.55% 1606.HK 89.83% 87.44% 86.61% 3360.HK 85.30% 83.99% 85.08% 86.98% 86.92% 84.46% 86.39% 87.74% 84.32% 86.91% 87.86% 89.19% 2018 2018 2016 2017 2018 2018 86.91% 860,000 86.91% 81.81% 180,000 81.58% 18 18 49
1 9.2 9.2 10% 10% 1000 10% 100 10% 1000 10% 100 2016 2017 2018 50
2018 12 31 /2018 2017 12 31 /2017 2016 12 31 /2016 10% 1,378,374 1,390,377 1,254,414 10% 180,401 168,738 132,501 10% 166,837 163,413 159,649 10% 14,382 15,324 3,686 2016 2017 2018 [2016]7151 [2017]666 [2018]888 XYZH/2019BJA130296 2 2016 10 11 2016 5 1 19 2016 9 2 5 2016 10 3 28 2017 5 4 26 2017 7 5 11 15 9.5 100 17.59 FLORENS CONTAINER 2.0038 INVESTMENT (SPV) LIMITED 2017 1 20 2017 1 3 2016 10 24 51
6 2018 12 19 24 3 4 2013 2017 10 27 52
2016 10 11 18 18 53
5 1 1 2016 100% 54
2017 2018 2 2017 2018 2018 2017 124,065.77 21.56% 65,827.59 25.42% - - 46.35 0.24% 13,652.89 2.15% 13,737.08 2.68% 785.30 3.18% 356.65 1.17% 138,503.96 79,967.67 50.29% 35.84% 2017 2018 2018 2017 321.61 0.11% 31.56 0.01% 321.61 31.56 0.03% 0.00% 2017 2018 55
2016 2017 2018 2017 2018 3 2017 2018 56
2018 2017 21,906.82 46.99% 9,234.98 18.92% 13,424.98 54.41% 5,378.32 17.59% 1,447.71 45.96% 615.27 20.59% 200.15 64.70% 43.07 0.30% 36,979.66 15,271.64 13.43% 6.85% 2017 2018 2018 2017 478,118.77 98.60% 539,896.47 97.74% 127,561.57 42.09% 155,917.39 58.96% 334,226.23 56.46% 155,774.32 28.36% 1,113.61 100.00% 411.25 100.00% 579.64 100.00% 1,721.55 100.00% 941,599.82 853,720.98 99.27% 99.14% 2017 2018 57
2017 2018 2016 2018 8 2015 12 11 Drewry 2 1 58
2015 8 2 2017 59
2018 2018 2017 832,635.51 49.91% 893,858.11 54.70% 591,962.46 35.48% 549,242.04 33.61% 34,633.90 2.08% 40,100.92 2.45% 1,886.79 0.11% 3,052.06 0.19% 6 205,698.94 12.33% 144,557.73 8.85% 1,556.17 0.09% 3,323.94 0.20% - - 1,668,373.77 100.00% 1,634,134.79 100.00% 2017 2018 2018 2017 88,025.26 61.19% 27,026.79 17.64% 31,894.70 22.18% 20,222.94 13.20% 14,628.30 10.17% 15,116.30 9.86% 7 57,682.13 40.11% 114,327.86 74.61% 44,074.91 30.65% 46,501.81 30.35% -74,993.95-52.14% -60,579.87-39.53% -17,492.43-12.16% -9,373.93-6.13% 143,818.92 100.00% 153,241.90 100.00% 2017 6 7 60
2017 27,026.79 17.64% 2018 88,025.26 61.19% A 61
1 680,000 Drewry 2018 12 31 2017-2019 78.04 TEU 1 2 2017 12017-2019 70 TEU 2017-2019 78.04 TEU 2 62
3 2015 12 11 2016-2018 2016 12 5 2017 2019 74.93 2018 69.68 68.00 2 2016 8 24 2016 12 31 2016 11 11 2019 12 31 63
2017 2015 12 11 10 2016 2016 12 5 2017 1 1 2019 12 31 2016 64
A 2017 2018 A 65
66
6 1 2014-2016 [2017]13990 2017 [2018]888 2018 XYZH/2019BJA130296 2018 2018 2017 2017 2016 2017 2016 1,668,373.77 34,238.98 1,634,134.79 1,520,762.55 113,372.24-832,635.51-61,222.60 893,858.11 916,884.75-23,026.64-205,698.94 61,141.21 144,557.73 88,873.37 55,684.36-591,962.46 42,720.42 549,242.04 150,164.80 399,077.24-1,886.79-1,165.27 3,052.06-3,052.06-34,633.90-5,467.02 40,100.92 32,922.92 7,178.00 - - - - 331,916.71-331,916.71 8 1,250,756.80-37,922.48 1,288,679.28 1,344,575.09-55,895.81-609,738.20-103,000.11 712,738.31 726,067.04-13,328.73 8 67
2018 2018 2017 2017 2016 2017 2016-93,591.31 40,989.31 52,602.00 22,859.80 29,742.20-534,189.34 31,393.61 502,795.73 140,233.17 362,562.56 - - - - - - - 11,098.04 666.87 10,431.17 6,193.43 4,237.74 - - - - 449,221.65-449,221.65 417,616.97 72,161.46 345,455.51 176,187.46 169,268.05-222,897.31 41,777.51 181,119.80 190,817.71-9,697.91-112,107.63 20,151.90 91,955.73 66,013.57 25,942.16-57,773.12 11,326.81 46,446.31 9,931.63 36,514.68-1,886.79-1,165.27 3,052.06-3,052.06-23,535.87-6,133.89 29,669.75 26,729.49 2,940.26 - - - - -117,304.94 117,304.94 3,047.44 1,848.66 1,198.78 1,190.42 8.36 87,455.71 6,151.87 81,303.84 78,325.68 2,978.16 317,734.05 38,571.23 279,162.82 178,713.82 100,449.00 240,527.64 17,433.04 223,094.60 164,989.26 58,105.34-63,224.67-63,260.30 35.63 4.37 31.25 174,692.13-20,762.69 195,454.82 14,206.12 181,248.70 183,866.84-11,944.70 195,811.54 45,726.97 150,084.57 143,818.92-9,422.98 153,241.90 26,394.73 126,847.17 138,617.14-7,571.91 146,189.05 22,177.90 124,011.15 109,355.01-30,616.09 139,971.10-162,980.91 302,952.01 1 2017 2017 1,634,134.79 113,372.24 195,454.82 181,248.70 146,189.05 124,011.15 139,971.10 302,952.01 2 2018 2018 1,668,373.77 34,238.98 68
174,692.13 20,762.69 138,617.14 7,571.91 109,355.01 30,616.09 2018 832,635.51 61,222.60 6.85% 2018 205,698.94 61,141.21 42.30% 2018 591,962.46 42,720.42 7.78% 61.56 TEU 13.59 TEU 2018 609,738.20 103,000.11 14.45% 2018 93,591.31 40,989.31 77.92% 2018 534,189.34 31,393.61 6.24% 2018 417,616.97 72,161.46 20.89% 2018 69
2 1 2016 (BDI)(CCFI) 2016 2016-117,304.94-105,617.15 2017 1,145.27 70.16% 820.08 15.39% 2018 1,352.63 18.11% 818.43 2017 2 2016 70
2017 3 2016 2 1 2016 2016 4 2016 457,776.54 2,640,902.93 2016 2014-2016 [2017]13990 2016 6,410,236.08 3,907,727.38 2016 178,713.82 169,094.10 87,528.88 79,420.39 2017 279,162.82 256,295.85 100,449.00 87,201.75 2018 317,734.05 325,644.49 5 2017 30 2016 22 [2017]7 2018 1 1 2018 12 31 2018 71
2016 2017 2017 2019 1 2018 2019 3.7% 3.5% 2018 6.5% 2019 6.3% 2017 2018 GDP 6.9% 6.6% 2017 2017 Clarksons 2017 4,400TEU 7,692 / 2016 4,979 / 54.49% 2016 2017 2016 2017 1,634,134.79 113,372.24 195,454.82 72
181,248.70 146,189.05 124,011.15 139,971.10 302,952.01 2018 1,668,373.77 174,692.13 138,617.14 109,355.01 2017 860,000 2017-2019 2017 2017 2017 20 2017 0.50~0.60 /2017 2017 2017 20 0.61~0.65 /2018 2018 73
A 2016 2014-2016 2017 2018 2017 2018 2016 2017 2018 2016 2017 2018 2014 74
-2016 [2017]13990 2017 2018 2016 2017 2018 75
7 2018 12 31 1 2 26. 27. 28. 29. 30. 31. 16. 16.1 16.2 16.3 76
3 4 16.4 16.5 16.6 4.10 16.7 16.8 16.9 16.10 2016 77
2016 2016 2016 100% 2016 2016 3 [2012]37 3 2016 10 2016 11 11 1.5 730,467.65 99,609.23 2017 12 26 2017 2 2018 12 21 2018 2.90 20.11 2018 12 28 2018 5.00 2018 12 28 5.80 78
2016 3 1 [2012]37 3 2016 12 29 2016 16.13 16.14 16.15 79
1 2 3 30% 10% 30% 1 80% 2 40% 3 80
20% 16.16 1 2 3 4 5 81
1 2 3 4 16.17 2 82
(%) 2018 38,403.50 44,410.04 569,708.22 138,617.14 27.70 2017 0-132,115.01 456,232.24 146,189.05 0 2016 0-144,344.88 316,407.31 36,859.22 0 2018 2016 2015 2016 2015 2017 2018 44,410.04 2018 10 0.33 2018 3 2016 2016-14.43 31.64 2016 83
4 2016 3 3 1 2016 2016 2016 12 31-14.43 31.64 2016 2017 3 30 2017 6 20 2016 2016 2016 2016 [2012]37 3 [2013]43 2016 2 2016 2016 2016 2016 2016 84
2016 2/3 2016 2016 3 2016 3 3 2016 3 2016 3 85
86 3 2016 3 80% 40% 20% 2016 2016 3 2/3 2016 2016 3
2016 3 3 2016 3 87
8 2016 10 12 2017 4 20 39.02% 4,410,624,386 A 47,570,789 A Ocean Fortune Investment Limited 100,944,000 H 4,559,139,175 2016 3 31 2016 12 31 2017 9 30 2016 3 31 2016 12 31 2017 9 30 4,458,195,175 A Ocean Fortune Investment Limited 2016 3 2017 9 2016 3 31 2016 12 31 2017 9 30 100,944,000 H 88
2017 10 23 2016 3 31 2017 10 19 4,458,195,175 A Ocean Fortune Investment Limited 2016 3 2017 9 2016 3 31 2017 9 30 Ocean Fortune Investment Limited H 2017 10 27 2016 10 12 6 6 A 2017 10 27 2016 10 12 6 6 89
2017 10 30 90
9 [2017]392 A 2018 10 26 [2018]756 2018 12 5 N1000201800585 2018 12 21 19 91
A 92
10 (2017)74 2018 2017 74 93
94
11 2016 2016 A 2016 H 2017 2017 A 2017 H 20 A 90% A 95
A 90% 20 A 90% 96
12 2017 5 12 [2017]16 350,000 2018 9 27 [2018]207 533,600 2018 12 25 [2018]318 300,000 2017 8 3 2019 3 11 2018 2017 1 1 97
2016 12 1 12 1 2017 2 6 [2017] 1 220,000 2017 1 11 1 11 2017 10 14 [2017]1003 400,000 3 10 1000 3 10 10 50 1000 5000 12 1 1 110 1 11 1 98
130 [2010]23 2 2018 8 1 2015 1 1 2018 8 1 99
100
1 2017 10 30 101
102
1 1 1 2009 2009 103
12 2009 8 25 2009 215 2009 8 24 30,000 2009 12 23 [2009]530 2009 12 28 00192010 2009 12 30 310109000520814 700 313-314 30,000 30,000 2009 12 30 2010 1 12 [2010]11 2009 11 30 1 7,500 25.000% 2 7,500 25.000% 3 7,500 25.000% 4 6,000 20.000% 104
5 1,500 5.000% 30,000 100% 2011 2011 2 24 [2011]90 3 500 6 500 2011 6 27 [2011]438 3 6 500 2011 8 22 30,000 60,000 500 7,500 15,000 25% 7,500 250 15,000 250 25% 7,500 250 15,000 250 25% 6,000 12,000 20% 1,500 3,000 5% 2011 8 22 2011 147 2011 8 15 30,000 500 60,000 60,000 2011 9 22 105
1 15,000 25.000% 2 15,000 25.000% 3 15,000 25.000% 4 12,000 20.000% 5 3,000 5.000% 60,000 100% 2016 2016 2 29 [2016]145 20% [2015] 366 40% 2016 3 2 [2016]59 40% 2016 4 26 20% 20% 2016 4 26 20% 18,784.14 2016 5 25 106
1 3,000 5.000% 2 39,000 65.000% 3 15,000 25.000% 4 3,000 5.000% 60,000 100% 2016 2016 8 22 5% 5,001.52 2016 10 31 [2016]468 5% 2016 11 30 5% 2016 12 15 1 6,000 10.000% 2 39,000 65.000% 3 15,000 25.000% 60,000 100% 2017 2016 12 19 44 107
6 2017 2 20 [2017]57 6 500 12 500 2017 2 24 6 12 2017 3 9 1 78,000 65.000% 2 30,000 25.000% 3 12,000 10.000% 120,000 100% 2018 2017 12 29 28 2018 1 17 2018 6 7 108
([2018]75 ) 2018 10 23 1 65,475.2268 23.384% 2 25,182.7795 8.994% 3 10,073.1119 3.598% 4 77,309.7053 27.611% 5 21,960.4380 7.843% 6 17,926.8882 6.402% 7 12,548.8217 4.482% 8 9,859.7885 3.521% 9 8,963.4441 3.201% 10 8,963.4441 3.201% 11 7,170.7553 2.561% 12 5,378.0665 1.921% 13 3,361.2915 1.200% 14 2,240.8610 0.800% 15 1,792.6888 0.640% 16 896.3444 0.320% 17 896.3444 0.320% 280,000 100% 2018 2018 11 1 31.21% 109
2018 6 7 ([2018]75 ) 2018 10 31 [2018]440 2018 11 15 1 87,382.8172 31.208% 2 65,475.2268 23.384% 3 25,182.7795 8.994% 4 21,960.4380 7.843% 5 17,926.8882 6.402% 6 12,548.8217 4.482% 7 9,859.7885 3.521% 8 8,963.4441 3.201% 9 8,963.4441 3.201% 10 7,170.7553 2.561% 11 5,378.0665 1.921% 12 3,361.2915 1.200% 13 2,240.8610 0.800% 14 1,792.6888 0.640% 15 896.3444 0.320% 16 896.3444 0.320% 280,000 100% 2019 2018 11 19 110
5299 8 2018 7 26 ([2018]396 ) 2018 12 3 [2018] 12116 2018 12 6 2018 12 24 ([2018]41 ) 2019 1 18 1 87,382.8172 31.208% 2 65,475.2268 23.384% 3 25,182.7795 8.994% 4 21,960.4380 7.843% 5 17,926.8882 6.402% 6 12,548.8217 4.482% 7 9,859.7885 3.521% 8 8,963.4441 3.201% 9 8,963.4441 3.201% 10 7,170.7553 2.561% 11 5,378.0665 1.921% 12 3,361.2915 1.200% 111
13 2,240.8610 0.800% 14 1,792.6888 0.640% 15 896.3444 0.320% 16 896.3444 0.320% 280,000 100% 2 1994 1994 2 1993 10 27 [1993]250 1994 2 08-0747 1994 2 23 11502188 98 27,400 27,400 112
1 27,400 100.000% 27,400 100% 2000 1999 5 26 [1999] 054 40,000 2000 5 12 2000 236 1999 12 31 535,521.68 533,773.48 497,850.33 496,251.37 37,671.35 37,522.11 2000 8 10 [2000]212 2000 9 5 [2000]0549 37,522.11 40,000 18,200 45.5% 7,800 19.5% 4,800 12% 2,200 5.5% 1,500 3.75% 1,000 2.5% 1,000 2.5% 113
1,000 2.5% 2,000 5% 477.89 22.11 1.25% 2000 9 5 2000 9 5 1999 [146] 2000 4 10 2,477.89 40,000 40,000 2000 12 15 2001 2 28 [2001]93 40,000 2,000 1 18,200 45.500% 2 7,800 19.500% 3 4,800 12.000% 4 2,200 5.500% 5 2,000 5.000% 6 1,500 3.750% 7 1,000 2.500% 8 1,000 2.500% 9 1,000 2.500% 10 500 1.250% 114
40,000 100% 2005 2005 4 6 2005 7,800 1,500 500 6,500 2,000 3,000 1,000 2,200 2005 4 20 [2005] A-1013 2005 7 7 20050205 2005 8 22 [2005]1008 19.5% 3.75% 1.25% 8 10 13 2005 12 20 [2005]664 115
6,500 2,000 3,000 1,000 2,200 7,800 1,500 500 2005 12 21 2006 2 23 [2006] A1006 2005 12 13 41,200 40,000 1,200 80,000 80,000 1 3,2500 40.625% 2 9,800 12.250% 3 8,000 10.00% 4 4,800 6.000% 5 4,400 5.500% 6 4,000 5.000% 7 4,000 5.000% 8 4,000 5.000% 9 3,000 3.750% 10 2,000 2.500% 11 1,500 1.875% 12 1,000 1.250% 13 1,000 1.250% 80,000 100% 116
2011 2010 11 5 [2010] 108 2.5% 2.5% 2010 12 2 2010 15 3,890.31 2.5% 2010 12 23 2.5% 3,890.31 2011 1 12 [2011]33 2.5% 2011 3 8 2011 2.5% 13 12 2011 10 17 1 3,4500 43.125% 2 9,800 12.250% 3 8,000 10.000% 4 4,800 6.000% 5 4,400 5.500% 6 4,000 5.000% 7 4,000 5.000% 8 4,000 5.000% 117
9 3,000 3.750% 10 1,500 1.875% 11 1,000 1.250% 12 1,000 1.250% 80,000 100% 2011 2011 11 8 2011 16 12 14 8 2011 1 1 2011 11 3 [2011]368 2011 8 2,000 16 2,000 2011 12 22 [2011]987 8 2,000 16 2,000 2011 12 27 [2011] 342 2011 12 27 32,518 32,000 518 160,000 118
2,000 160,000 2,000 2011 12 29 1 69,000.00 43.125% 2 19,600.00 12.250% 3 16,000.00 10.000% 4 11,200.00 7.000% 5 8,800.00 5.500% 6 8,000.00 5.000% 7 8,000.00 5.000% 8 6,400.00 4.000% 9 4,800.00 3.000% 10 3,000.00 1.875% 11 2,000.00 1.250% 12 1,600.00 1.000% 13 800.00 0.500% 14 800.00 0.500% 160,000.00 100% 2018 2017 12 29 2017 28 2018 1 17 119
2018 6 7 ([2018]75 ) 2018 9 18 2 2016 2017 2018 2016 2017 2016 2018 2016 2017 2018 2016 120
2017 12 28 2017 23.38% 2018 6 7 2018 75 1 2009 12 31 2012 12 31 2009 121
2009 9 30 2009 12 15 2009-015 2009-020 2012 2013 2014 2015 2012 12 5 2012-031 2015 2016 2016 6 30 2016-044 2016 65% 2016 12 5 2017 1 1 2019 12 31 2016 2017 2019 2018 2017 2016 1,113,195 894,830 876,782 5,254 4,199 9,642 1,150,000 1,000,000 900,000 2018 2017 2016 570,000 270,000 200,000 122
2018 2017 2016 5,745 7,082 5,917 - - 900,000 2 2016 5 100% 100% 2016 2016 3 30 2016 12 31 2016 2016 2017 2019 2016 3 30 2016 12 28 2016-021 2016-104 123
2018 2017 2016 4,905 1,723 25,000 19 44 153 50,000 50,000 25,000 3 2016 [2017]666-1 [2018]888-2 2006 124
2016 2017 2018 2006 1 2018 2017 2016 349,284 337,505 564,250 5,254 4,199 9,642 1.50% 1.24% 1.71% 7 1.15% 1.35% 0.35% 1.00% 1.10% 0.30% 2016 2017 2018 1.71% 1.24% 1.50% 7 12 3 1 2 125
2016 2017 2018 2 2018 2017 2016 3,409 3,881 14,302 19 44 153 1.11% 1.14% 1.07% 2016 3 30 1 2 2016 2017 2018 2018 2017 2016 160,452 187,945 157,650 5,745 7,082 5,917 126
2018 2017 2016 3.74% 3.77% 3.75% 12 3 1 2 127
2006 2016 2017 2018 2016 1 1 2017 6 30 2017 1 1 2018 6 30 2016 2017 2018 128
2006 2006 129
130
131
132