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Evergreen, Cosco and Hapag-Lloyd Integrate Red Sea Services

Maritime Activity Reports, Inc.

October 17, 2005

Evergreen, together with its joint service partners Hapag-Lloyd and Cosco Container Line, is to merge its two Red Sea services, the Far East - Red Sea (FRS) service and the Strait - Red Sea Express (SRX) service, into a single new FRS service linking China, South East Asia and the Red Sea. The first sailing on the revised schedule will be made by Evergreen's LT Going, expected to sail from Nansha on November 7. While the two existing services use ships of approximately 1600 – 1800 TEU, the new FRS service will utilise six vessels of around 2700 TEU, four of which will be provided by Evergreen and one each from the other two partners. The port rotation is as follows: Nansha - Hong Kong - Shekou - Singapore - Tanjung Pelepas - Aden - Jeddah - Aqaba - Sokhna Port - Singapore - Nansha.

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