SUBIC DRYDOCK CORPORATION

Subic Drydock Corporation (“SDC”) (www.subicdock.com) is a Philippine registered corporation providing ship repair services within the Subic Bay Freeport Zone. A wholly owned subsidiary of Cabras Marine Corporation (“CMC”) (www.cabrasmarine.com), a Guam (US) based organization that has been a leading provider of maritime services for over 45 years.

Full service shipyard, employing 250 experienced engineers and Naval Architects who work alongside SDC’s highly trained in-house and sub-contractor workforce.

Committed to providing high quality ship repair at an economical price while maintaining compliance and customer satisfaction.

Established 2005, and has developed its customer base to include commercial domestic and international shipping companies, US Navy, Military Sealift Command and Philippine Navy. Holds an active Master Ship Repair Agreement (MSRA) with the US Navy and Military Sealift Command. MSRA was initially obtained in 2008 and is reviewed annually and renewed every four years.

Primary maintenance provider for the Philippine Navy through the US Foreign Military Sales program (FMS), performing emergency repairs, extended voyage repairs, dry dockings and dispatching specialized teams to inspect and accomplish mission essential emergent repairs.