Business Summary

Steamships Trading Company Limited (Steamships) is engaged in shipping, transport, property, manufacturing, hotels and information technology in Papua New Guinea. The Company operates through four segments: Commercial, Hotels and property, Logistics, and Finance and investment. The Commercial segment is involved in the manufacture and distribution of consumer products. The Hotels and property segment owns and operates hotels, and includes the property leasing division. The Logistics segment consists of shipping and land-based freight transport and related services divisions. The Finance and investment segment consists of the head office administration function. The Company operates its hotel division through Coral Sea Hotels, which operates approximately nine hotel and apartment complexes offering hotel facilities and serviced apartments, as well as meeting, conference and banqueting facilities.