Group Information
WORLD MARINE

WORLD MARINE CO.,LTD.

OUTLINE OF THE COMPANY

COMPANY NAME WORLD MARINE CO., LTD.
ADDRESS Kanpai Building,
5-22-27 Higashi Gotanda,
Shinagawa-ku, Tokyo 141-0022
TEL: 03-5488-1261 (Reception)
FAX: 03-5488-1260
Mail: bussdept@worldm.co.jp (Business Planning Group)
DATE ESTABLISHED 14 November, 1972
CAPITAL Authorized capital  200 million yen
Paid-up capital   50 million yen
MAIN BANKS Mizuho Bank, Ltd., Akasaka Branch
Bank of Tokyo-Mitsubishi UFJ, Ltd., Gotanda Branch
Sumitomo Mitsui Banking Corporation, Gotanda Branch
The Shoko Chukin Bank, Tokyo Branch
MAIN SHAREHOLDER KIUCHI Shiro (Honorary Cheirman)
DIRECTORS
President KIUCHI Hiroyuki
Senior Managing Director UTO Takashi
Managing Director SAKURAI Haruyuki
Director TANAKA Tsuneji
Director SUGIMOTO Kazushige
Senior Executive officer MURAKAMI Takatoshi
Executive officer HAYAKAWA Isami
Auditor SAWAI Hiroshi
Honorary Chairman KIUCHI Shiro
EMPLOYEES 47
PURPOSES OF THE COMPANY Crew manning
Vessels Management and Agency
Brokerage
Consulting services concerning the above services
All other businesses concerning the above services
CREW MEMBERS
Japanese 15
Filipino 2,650
Korean 55
Chinese 120
Indonesian 55
Myanmarese 15
NUMBER OF VESSELS MANAGED 105
TYPE OF VESSEL VLCC 2, Cape Size 28, Panamax 24,
Handy Bulker 22, PCC 10, Reefer 10,
Container 4, Chemical 1, Others 4,
ORGANIZATIONS The Japan Shipping Exchange, Inc.
International Mariners Association of Japan
AFFILIATED COMPANIES World Marine Panama S.A.(Panama)
Leonis Navigation Co., Inc.(Philippines)
Leo Ship Management Inc.(Philippines)
RECRUITING AGENCIES Pearl Grace Ship Management Inc.(Philippines)
Seyeong Marine Co., Ltd.(Korea)
Seoyang Shipping Co., Ltd.(Korea)
Sejin Lines Co., Ltd.(Korea)
Sunyang Marine Co., Ltd.(Korea)
Sino-Coscoman Beijing Corp. Ltd.(China)
PT.JASIND DUTA SEGARA(Indonesia)
Golden Eagle International Co., Ltd.(Myanmar)
Seahorse Ship Agencies Pvt. Ltd.(India)
HOMEPAGE http://www.worldm.co.jp
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Our Ship Management System

However admirably a vessel may be equipped with the most advanced technology,and it's operation plans and maintenance plans are well maid, we should never forget it is the crew members who must reliably execute the plans onboard and operate the vessel safely, and it is our place to support them.
At WORLD MARINE GROUP, we respond to our customers' requests day and night by supporting onboard crew with highly experienced captains and Chief Engineers, who have honed their abilities in operation and management, together with young mariners from both land and aboard ship.
In recent years, crews from Asian countries, particularly Filipino crew members, have accounted for the majority of the crews manning Japanese merchant fleet. To achieve successful results when employing foreign crews with different languages and customs, persistent guidance and continuous training are a must. We believe the course to accomplishing this objective lies in fostering mutual trust with crew members through the accumulation of such training.
Over the many years since 1973, WORLD MARINE GROUP has stationed experienced Masters, Chief Engineers and accounting managers in Manila and shared its unique business management and system of instruction.
In addition to devoting efforts to the recruitment of crew members and their training and guidance, from a money management perspective as well we have introduced management systems used regularly in Japan and have achieved results that can be seen in the qualitative improvement of crew members.
In our vessels management business, we have established and implemented SMS (Safety Management System) in accordance with ISM Code, and in February 1996 we obtained our DOC (Document of Compliance). Moreover, all of our owned as well as managed vessels hold a SMC (Safety Management Certificate). Finally, At WORLD MARINE GROUP we have positioned the ''shipowner agency business'' as our vessels management policy, and we believe our most important mission is to provide high-quality vessel management at an appropriate maintenance and repair cost, centered on the twin pillars of environmental protection and safety assurance, and a prompt response to customer requests.

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ADMINISTRATION POLICIES

The Company shall exert its best efforts to undertake crew guidance and supervision based on the precise, accurate control of machinery and instruments and the safe and efficient rapid dispatch of crews, within the cost limitations set by Shipowners.

POLICY TOWARDS SHIPOWNERS
We shall strive to respond economically to international competition by providing low-cost (low-cost, hire-based) ships based on our Company's primary objective of providing Shipowners with highly competent, economic crews from various countries.

POLICY TOWARDS CHARTERERS
We shall work to achieve safe and efficient rapid dispatch of crews, and seek to lower operational costs and assist in the improvement of the C/B of Charterers, while working simultaneously to promote closer communication between Shipowners and Charterers and assist both parties in realizing their respective objectives.

POLICY TOWARDS CREWMEMBERS
We shall endeavor to maintain physically sound, technically competent and highly-experienced crews to aid the Shipowners and Charterers in the realization of their objectives.
Management and guidance for dispatched crews shall be provided with care and concern for their well-being through continuous technical training for their further advancement.

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Kanpai Building, 5-22-27 Higashi Gotanda, Shinagawa-ku, Tokyo 141-0022   TEL:03-5488-1282