Yujin International Ltd ("Yujin" or "the Company" or "the Group")

Trading Update

Yujin International Ltd, the owner and charterer of a fleet of short range tankers operating in the Asia Pacific region, announces that since the beginning of October there has been an unexpected reduction in the demand for the transport of cargo in the Asia Pacific region which is affecting operators of all size and, as such, Yujin's three coastal tankers are being deployed with smaller cargoes and/or are waiting longer between shipments. The arrival of new tankers in the region as well as rising fuel costs have both exacerbated the situation and has led to a decrease in revenues in Yujin's coastal tankering business. The Directors are continuing to assess the market but at this stage believe that it is difficult to know when revenues in this may begin to increase again. 

Yujin's bunker tanker business remains strong - four of its seven tankers are deployed to this sector and are on fixed term charters (three until Q2 2011 and one until February 2010) - and in line with management and market expectations.

In the near term, Yujin will therefore focus on protecting its bunker tanker business while managing the operating costs of its regional tankers. However, due to the downturn in the regional tankering business, Yujin currently expects that its earnings for the year to 31 December 2009 will be below market expectations.

For further information please contact:

Yujin International Ltd.                 Tel: 00 (65) 6226 2963

Bernard Lim 

Keen Whye Lee

Or visit www.yujininternational.com

Seymour Pierce Limited                 Tel: 020 7107 8000
Nicola Marrin
Catherine Leftley