Brief History of Company & Its Management

Inspire Group

Brief History of Company & its Management:

Inspire Group comprising of the flagship Inspire Shipping, along with its subsidiaries/associatesM/s. Electra Maritime Ltd and M/s. Uniship Marine, havebeen in the cash buying business since late 2010. The Group specializes in buying and selling ships for the recycling market and also providesother intermediary services to the shipping and ship recycling industry like Ship Management; Tradingin scrap and providing other support services to the shipping industry.

The Company is promoted by highly experienced professionals with diverse and long experience inshipping and ship trading business. With right mix of marine and financial backgrounds, professionals from Inspire Group have successfully purchased, managed and delivered over 100 vessels for shiprecycling across the continents demonstrating commitment, efficiency and smooth execution of deals.

Organisational Structure:

Inspire Group currently operates out of London, Dubai and India. With network of associate offices insubcontinent along with robust selling network in India, Pakistan and Bangladesh, Inspire Group is wellpositioned to take over vessels with both short and long voyages for delivery to recycling yards insubcontinent.

With strongest in house expertise amongst the cash buyers, Inspire Group is well equipped to take onships of various types, size and long distance voyages all across the world.

Performance of the Group:

Within a short span of time Inspire has established name for itself for professional dealings with shipowners and the breakers. The Group has so far bought and sold 40 ships 10 of which on As Is Basisand the rest on delivered basis.

The Group has turnover of over USD 50 Million till date and is now looking for aggressive expansionof its turnover and capacities. The Group has strong support from Banks and investors in Europewhich will help in long term growth.

Summary :

Though a relative new entrant and keeping a low profile is now well known and respected in the Industry. Inspire now has active support of reputed brokers like Bulker Shipbroking, Overseas Agency,Andrea Shipping,Ocean Shipbrokers,CW Kellock,STL, Allships and many others and is now well poised for growth.

List of ships done and references can be provided on request.

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