The Navigator Issue 01 | March/ April 2009 Inside: View from Bibby Ship Management Keep Your Eyes Open New DPO Training Centre Opens Strategic Partners Announced SHIP MANAGEMENT SHIP MANAGEMENT CUTBACKS ON VESSEL INSURANCE COSTS NOT THE ANSWER

Maritime industry veteran Peter Ahlås is joining Bibby Ship Management as a consultant. The Swede, best known for his work with HSBC Marine Insurance, brings more than 30 years experience in the insurance broking, ship- broking and international banking markets. He will give strategic advice to the board of Bibby Ship Management Group Limited as the company expands its business and portfolio of services. Ahlas said about the appointment: " The business launched in PETER AHLÅS JOINS BIBBY SHIP MANAGEMENT October 2008 and has a very clear strategy, focused on both short and medium term growth, and I expect my experience and contacts will complement the company's very well. " In an increasingly tough economy, ship owners are looking for ways to optimise their own performance and consequently seeking partners who can provide the right level of expertise and flexibility. " Bibby Ship Management is particularly well placed to meet these needs and I will be using my broader maritime insights to Bibby Ship Management has announced two key strategic partnerships which will bring real benefits to ship management customers. The company has joined up with offshore ship design consultancy OSD, based in Scotland, and project management firm Niksam, based in Singapore. These strategic alliances mean that Bibby Ship Management will have relationships in new maritime markets. Similarly, customers of the two firms will have access to Bibby Ship Management's unique worldwide expertise and services. Managing director Jon Osborne says: " This is a great example of how we can establish mutually beneficial relationships across different maritime sectors. " Clients will benefit from the synergies that these alliances will bring in terms of increased service and capability offerings." OSD is an offshore ship design consultancy with offices in the UK, Holland and China. Niksam supervises shipowners' build processes and operates across the Far East from its Singapore base. SPOTLIGHT ON OUR STRATEGIC PARTNERS The Navigator | Issue 01 | March/ April 2009 NEW DPO TRAINING CENTRE OPENS IN THE UKRAINE The scheme's first recruit started the training programme in early 2009. As part of the scheme, Bibby Ship Management has also committed to funding and training several cadets each year. Both the India and Ukraine training centres will feature state- of- the- art Kongsberg DP simulators, providing cadets the most advanced training facilities. Martyn Howard, operations director, says: " Our focus is to ensure that we can provide our rapidly expanding client base with fully trained, professional DP operators. " We anticipate the coming years will see increased demand for seafarers who are competent in all aspect of DP operations and we have positioned ourselves to meet those needs.'' Bibby News help strengthen the company's market share and reputation for management excellence." Stephen Blaikie, business development director of Bibby Ship Management, said: " Peter is an extremely experienced figure in shipping and will give us a great insight into what our customers want. " He will bring all his years of maritime knowledge to bear on a very complex and fragmented industry." Bibby Ship Management has expanded its offer for Dynamic Positioning Operator training with the unveiling of new facilities. The company has opened a new centre based at Bibby Ship Management ( Eastern Europe) in Sebastopol, Ukraine. The facility comes on the back of news that Bibby Ship Management ( India) Pvt Limited has started a new DPO training programme at the Sir Derek Bibby DP Centre in Mumbai, India. The India scheme comprises 12 to 18 months of full-time onshore and offshore training and a competence assurance programme. Cadets will be trained as DPOs for diver support vessels in the offshore oil and gas industry and, once fully trained, will be eligible to work offshore.