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Shuttle Tanker List by Deployment Regions Deployment Region Vessel Name Blt DWT Caribbean Gerd Knutsen 1996 146,273 34 34 36 Vigdis Knutsen 2017 156,559 Lisboa 2017 155,723 Tordis Knutsen 2016 156,559 Raquel Knutsen 2015 152,208 2015 2016 2017 Carmen Knutsen 2013 156,296 Rio 2016 2013 155,709 Northern Europe Brasil 2014 2013 155,709 Elka Parana 2013 155,010 Elka Leblon 2013 154,846 Sertanejo Spirit 2013 154,233 Bossa Nova Spirit 2013 154,199 Samba Spirit 2013 154,107 Lambada Spirit 2013 154,036 4 3 3 Brasil Voyager 2013 153,684 Sao Luiz 2013 105,213 2015 2016 2017 Madre De Deus 2012 105,283 Rio Grande 2012 105,224 N. America E. Coast Far East Sao Sebastiao 2012 105,190 Angra Dos Reis 2012 105,165 East Coast South America 2 5 3 Eagle Paraiba 2012 105,153 Eagle Parana 2012 105,048 2015 2016 2017 Dan Sabia 2012 59,317 N. America G. Coast Middle East Fortaleza Knutsen 2011 106,316 Recife Knutsen 2011 105,928 2 2 2 1 2 2 Dan Cisne 2011 59,335 Windsor Knutsen 2007 162,258 2015 2016 2017 Navion Gothenburg 2006 152,244 2015 2016 2017 Nordic Rio 2004 151,300 Nordic Brasilia 2004 150,939 Navion Stavanger 2003 148,729 Stena Spirit 2001 152,244 South East Asia Nordic Spirit 2001 152,222 Cartola 2000 153,071 1 3 1 Ataulfo Alves 2000 153,071 Vinland 2000 126,600 2015 2016 2017 Navion Bergen 2000 105,200 Sallie Knutsen 1999 153,617 E. C. South America Dan Eagle 1999 46,186 Anna Knutsen 2017 152,268 Far East Victor Konetsky 2006 101,018 Captain Kostichev 2005 100,927 36 34 38 Oil Runner 1997 124,365 Middle East New Naxos 1997 106,506 Overseas Chinook 2011 46,666 N. American G. Coast 2015 2016 2017 Overseas Cascade 2009 46,287 Jasmine Knutsen 2005 148,644 N. American E. Coast Heather Knutsen 2005 148,644 Navion Hispania 1999 126,183 Shturman Shcherbinin 2017 41,421 Shturman Skuratov 2017 41,401 Shturman Ovtsyn 2016 41,551 Shturman Malygin 2016 41,542 Shturman Albanov 2016 41,455 Eagle Bergen 2015 120,567 Eagle Barents 2015 119,690 Age Profile Hilda Knutsen 2013 123,166 Top Shuttle Tanker Owners Torill Knutsen 2013 123,166 No. of Tankers (Build Year) Ingrid Knutsen 2013 111,634 Existing Fleet NewBuildings Bodil Knutsen 2011 157,644 16 Scott Spirit 2011 109,335 Others Peary Spirit 2011 109,325 Tsakos Amundsen Spirit 2010 109,290 14 16% Nansen Spirit 2010 109,239 Shipping & Kirill Lavrov 2010 70,053 Trading SA Mikhail Ulyanov 2010 69,830 12 3% Timofey Guzhenko 2009 72,722 Teekay Corp Tailwind AS Northern Europe Kapitan Gotsky 2008 72,722 10 31% Vasily Dinkov 2007 72,722 3% Siri Knutsen 2004 34,530 Grena Knutsen 2003 148,553 8 AET Petroatlantic 2003 92,995 average age: 10 years 4% Petronordic 2002 92,500 Stena Natalita 2001 108,073 6 Navion Oslo 2001 100,000 Viken Shipping AS Karen Knutsen 1999 153,617 4 Stena Sirita 1999 126,873 6% Navion Anglia 1999 126,650 Navion Oceania 1999 126,355 2 Sovcomflot Loch Rannoch 1998 130,031 Stena Alexita 1998 126,955 11% Navion Scandia 1998 126,749 0 Knutsen Navion Britannia 1998 124,238 26%

Scarlet Trader 1997 126,646

2012 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2013 2014 2015 2016 2017 2018 Elisabeth Knutsen 1997 124,768 1995 Aberdeen 1996 87,055 S. Europe & N. Africa Ifrikia Iii 1995 130,596 While McQuilling has used reasonable efforts to include accurate and up-to-date information in this report, McQuilling makes no warranties or representations as to the accuracy of any information contained herein or accuracy or South East Asia Navion Marita 1999 103,894 Anneleen Knutsen 2002 35,140 reasonableness of conclusions drawn there from. McQuilling assumes no liability or responsibility for any errors or omissions in the content of this report. This report is copyrighted by McQuilling and no part may be copied or reproduced for West Africa www.mcquilling.com Betty Knutsen 1999 35,807 commercial purposes without the express written permission of McQuilling. commercial purposes without the express written permission of McQuilling. McQuilling Services, LLC Shuttle Tanker Snapshot Ocean House ▪ 1035 Stewart Avenue ▪ Garden City, New York, 11530 2017 T: +1.516.227.5700 ▪ F: +1.516. 745.6198 ▪ [email protected]

2017 Shuttle Tanker Calls in East Coast South America 2017 Shuttle Tanker Calls in N. America E. Coast 2017 Shuttle Tanker Calls in Northern Europe

EC South America Shuttle Tanker Calls: N. America Shuttle Tanker Calls: Northern Europe Shuttle Tanker Calls: FSO/FPSO Name EffectiveControl 2015 2016 2017 FSO/FPSO Name EffectiveControl 2015 2016 2017 FSO/FPSO Name EffectiveControl 2015 2016 2017 FPSO Mv20 AMOCO 13 13 2 FPSO Sea Rose Husky Energy 2 2 1 FPSO Aoka Mizu Bluewater 7 14 0 FPSO Bw Cidade De Sao Vicente BW Offshore 1 8 9 FPSO Terra Nova Petrocanada 0 2 0 FPSO Haewene Brim Bluewater 2 6 1 FPSO Dynamic Producer DPI 2 7 1 FPSO BW Pioneer BW Offshore 20 28 13 FPSO Enquest Producer Bluewater 0 4 0 FPSO Cidade De Ilhabela HMM 15 42 15 FPSO Glen Lyon BP Plc 0 0 1 FPSO Polvo HRT Oil & Gas 0 2 0 South East Asia Shuttle Tanker Calls: FPSO Triton Hess 3 6 1 FPSO Cidade De Saquarema Maroil 0 10 16 FSO Asgard C Knutsen 10 2 2 FPSO Mv23 Modec 29 38 18 FSO/FPSO Name EffectiveControl 2015 2016 2017 FSO Fortune Star Idemitsu 3 0 2 FPSO Global Producer III Maersk 22 30 3 FPSO Mv22 Modec 21 39 8 FPSO Gryphon A Maersk 9 12 5 FPSO Mv27 Modec 0 0 9 FPSO Navion Saga Statoil 0 4 0 FSO Global M Sentek 2 0 2 FPSO Alvheim Marathon Oil 48 69 31 FSO MV15 Petrobras 60 87 23 FPSO Petrojarl Knarr Shell 2 8 1 FPSO P58 Petrobras 44 66 30 FSO Speranza HMM 0 0 1 FSO Gagak Rimang Marocean 1 0 0 FPSO Curlew Shell 0 3 1 FPSO P54 Petrobras 40 41 16 FPSO NORNE Statoil Norge 2 2 0 FPSO P31 Petrobras 44 51 0 FPSO Merlion M Maroil 1 0 0 FSO Sea Coral Frontline 1 0 0 FSO Heidrun B Statoilhydro ASA 1 4 0 FPSO MV24 Petrobras 20 51 19 FPSO Bleo Holm Talisman Energy UK Ltd 5 9 4 FPSO P43 Petrobras 24 31 20 FPSO Petrojarl Foinaven Teekay Corp 33 63 16 FSO P38 Petrobras 17 26 23 West Africa Shuttle Tanker Calls: FPSO Voyageur Spirit Teekay Corp 1 7 0 FPSO MV26 Petrobras 7 41 18 FSO/FPSO Name EffectiveControl 2015 2016 2017 FSO Apollo Spirit Teekay Corp 1 3 0 FPSO MV18 Petrobras 15 32 12 FPSO Kwame Nkrumah Mv21 Modec M.S. 0 72 53 FPSO Petrojarl Varg Teekay Offshore 1 2 0 FPSO Cidade de Rio Das Ostras Petrobras 6 33 15 FPSO P48 Petrobras 20 20 11 FPSO Hummingbird Spirit Wod Group 8 11 0 FPSO P33 Petrobras 17 21 5 FPSO Cidade de Vitoria Petrobras 9 10 6 2017 Shuttle Tanker Snapshot FPSO P63 Petrobras 7 9 3 FPSO P50 Petrobras 6 12 0 This snapshot provides an overview of the shuttle tanker market from January 2015 to May 2017. Due to the dense offshore oil fields and offshore floating tankers, EC South America and FSO P37 Petrobras 6 3 7 Northern Europe are the two major deployment regions for the shuttle tanker fleet. We have counted a total of 398 FPSO/FSO calls in EC South America and another 66 calls in Northern FPSO P47 Petrobras 6 6 4 Europe through May 2017. The average age of the fleet stands at 10 years; the oldest tanker is the 1995-built Ifrikia Iii, owned by Teekay Navion. FPSO MV14 Petrobras 5 8 1 FPSO P35 Petrobras 8 3 0 Register on McQuilling.com for complimentary access to premium content including: FPSO P57 SBM Offshore NV 55 77 27 ▪ Industry Notes ▪ Industry Related Tools and Calculators FSO Cidade De Paraty SBM Offshore NV 33 43 23 ▪ Market Presentations ▪ Weekly Tanker Podcasts FPSO Cidade De Anchieta SBM Offshore NV 24 36 17 FPSO Cidade De Paraty SBM Offshore NV 6 42 22 FPSO Capixaba SBM Offshore NV 23 26 8 While McQuilling has used reasonable efforts to include accurate and up-to-date information in this report, McQuilling makes no warranties or representations as to the accuracy of any information contained herein or FPSO Frade Sete International GmbH 1 1 0 accuracy or reasonableness of conclusions drawn there from. McQuilling assumes no liability or responsibility for any errors or omissions in the content of this report. This report is copyrighted by McQuilling and no part www.mcquilling.com FPSO Cidade De Itajai Teekay Petrojarl. 46 37 10 may be copied or reproduced for commercial purposes without the express written permission of McQuilling.