1. French Maritime Cluster Le Faire-Savoir Maritime The Maritime Voice Presentation Mare fORUM

2. France A maritime nation It is ahead of many other traditional and dynamic sectors in all respects Has exports and turnover twice as big as those in the wine and spirits industry Employs 120,000 people more than the banking sector Has a bigger turnover than aeronautics Has a bigger turnover than fashion industries Employs as many people as the entire car industry In France, the maritime cluster: PrésentationChiffresAppuiFinal

3. 19 50040 00039 00027 10046 000 59 75056 0003 3006 00011 000 France A maritime nation 311,650 direct jobs PrésentationChiffresAppuiFinal Merchant fleet Shipbuilding and maritime equipment manufacturers Ports Offshore Nautical industry Fishing and seafood State action at sea Research institutes Organisations and training Other activities Turnover of 53.7 bn 12 6.37.6 8.56.24.5 10.62 5

4. GROWTH & TRADE FORECASTS o World trade overreacts to global economic trends (-11% in 2009) o Strongest decrease in seaborne trade since the early 1980s (-2/3%) o Growth forecasts for 2009 & 2010 are regularly revised downwards by financial institutions

5. LEVEL OF FLEET RENEWAL o Percentage of ships on order still very high despite absence of new orders, and cancellations (49% of world fleet on order) o Containerships: first to react but still overbuilt in the overpanamax segment o Tankers: a less exposed segment - renewal justified by 2010 phase out o Bulk carriers: the crisis is ahead of us

6. DELIVERIES vs CANCELLATIONS o Should be cancelled or delayed o Reasonable level of deliveries required

7. IMPACT OF FULL ECONOMIC RECOVERY Full recovery to limit period of oversupply

8. OUTLOOK FOR 2009 « They died not all, but all were sick. » Extreme volatility of the charter market Extreme volatility of the charter market Order book surplus has not yet fully impacted the market due to delays Order book surplus has not yet fully impacted the market due to delays The real shipping overcapacity crisis is still ahead of us The real shipping overcapacity crisis is still ahead of us Risk of bankruptcy of shipyards could lead to nationalism and protectionist measures in the Far East. Risk of bankruptcy of shipyards could lead to nationalism and protectionist measures in the Far East. Opportunities will rise and cash-rich owners will be ahead of the game Opportunities will rise and cash-rich owners will be ahead of the game Growth recovery potential of BRIC and other developing countries may bring stronger relief than expected Growth recovery potential of BRIC and other developing countries may bring stronger relief than expected In shipping, the worst is never certain!

10. French Maritime Cluster Le Faire-Savoir Maritime The Maritime Voice embark with the CMF Thanks for your attention! www.cluster-maritime.fr