Geoff Uttmark’s presentation

BMT Community Forum Presentation by TransTech / ShipShares LLC 28 September 2026 TransTech / ShipShares LLC ARR Carolina Salguero / PortSide NewYork

Port Vell: Barcelona’s historic waterfront harbor, transformed from an industrial port into a marina and leisure district. The slide shows the harbor and describes its promenades, restaurants, attractions, yacht berths and public spaces.

Wynyard Quarter, Auckland, NZ led recycling of its obsolete port by preserving its fish market. The fish odor set the tone for all other development, maritime first.

Transform the port into an international marine tourism hub located within the southeast coast tourism belt Develop the port to serve as a gateway to the Eurasian continent and remain a focal point for global shipping Create opportunities for residents to enjoy leisure activities within the newly developed waterfront area Stimulate the stagnant local economy and revitalize Busan through the integrated development of the port and former downtown area

Existing coastal Services - Norway Milk Run Service Irregular Breakbulk Multi-ports Slow Transit Low barriers to entry Lower Fixed Costs Lower Operating Leverage Seasonal Owner-Master Packet Service Scheduled Mostly Unitized Hub Ports Fast Transit Higher barriers to entry Higher Fixed costs Higher Operating Leverage Year-Round Corporate TransTech / ShipShares LLC ARR

Historical article: “Farmers turn shipowners to create new demand.” A photograph of the Cornouailles accompanies an account of Brittany Ferries and agricultural shipping.

Past ECUS Inland / Coastal Pax / Freight Shipping 31 Operators in NYC / Albany Service, 7 publicly owned. Geographic reach and economic impact of coastal shipping was gigantic. Ships competed / co-operted with railroads, interline agreements were common. TransTech / ShipShares LLC ARR

Marine Bluways Corp. is created by TransTech / ShipShares to Reestablish two US coastal and inland marine packet services

HEFTTCo Short Escape to the Cape

TransTech / ShipShares LLC ARR

Cover of the April 2015 Eriemax report prepared for the New York State Energy Research and Development Authority by TransTech Marine Co., with Geoff Uttmark as principal investigator. Alongside it are a vessel lower-deck conversion drawing and cargo-bike images.

Initial market is NYS wine to NYC. NYC has never complied with EPA air standards: asthma rates, climate change, oil price, noise , fourth transport mode … all validate Blue highway. TransTech / ShipShares LLC ARR TransTech / ShipShares LLC

Los Angeles City Council passed the “Ship It Zero” resolution¹ calling on Walmart, Target, IKEA, Amazon, and other top maritime import polluters to the Port of L.A. to achieve 100% zero-emission shipping in Los Angeles by 2030. The resolution also affirms the council’s support for state legislation and administrative action to rapidly decarbonize the maritime shipping industry and create zero-emission shipping corridors along the U.S. West Coast and across the trans-Pacific trade route. LA City Record, Nov 10, 2021 PONYNJ is NOT presently leading US efforts to revive coastal / inland marine shipping … TransTech / ShipShares LLC ARR

But We CAN do it. Three Take-Aways … 1. Reaffirm that BMT is first a marine terminal and its redevelopment should lead with maritime (… similar model as used for SBMT / Equinor) 2. Recognize that comparing BMT to other state-of-the-art container terminals in PANYNJ is a flawed analysis: … BMT is more precious, an inner-city multi-purpose port that could never be created where it is today. … BMT is the only deep-water port on the east side of NY harbor and the east side of the Hudson River, all the way to Albany, … BMT is essential to EDC’s / others’ stated plans to (re)-develop the Blue Highway, which is on the verge of dynamic growth 3. Do a re-set of repurposing BMT, exclude nothing but lead with marine.

Geoff Uttmark MM MSc BSc TransTech/ShipShares LLC www.shipshares.com geoff-nyc@shipshares.com 347-581-2731 Thank You.