Novoship at a glance:

• Today Novoship owns and operates 54 modern vessels aggregating 4,5 million deadweight tons.
• Novoship has one of the youngest tanker fleets in the industry – the vessels are 6,6 years old on average.
• The current market value of the fleet is around USD 1,9 billion.
• The Company's newbuildings portfolio includes two Suezmax tankers due before the end of 2010.
• Management systems of Novoship are certified under stringent standards by Classification societies and form Company integrated management system. Novoship has valid certificates of compliance with ISM code, ISO 9001 (Quality Management System), ISO 14001 (Environmental Management System), OHSAS 18001 (Occupational Health and Safety Management System), Green Award Foundation.
• The Company's priorities include development of the Russian shipping industry, maintaining high safety standards, employing highly professional staff, and maximizing shareholders' value.
• Novoship is a major taxpayer both in Krasnodar region and the Russian Federation.
• Novoship Group employs nearly 4,000 seafarers and shore-based personnel.
• 19 Russian subsidiaries are involved in marine and onshore businesses throughout the south of Russia.