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ANL-USL Joins Oceania VSA Service to be Upgraded

Maritime Activity Reports, Inc.

June 24, 2008

The member lines of the Oceania Vessel Sharing Agreement (Hamburg Süd, Hapag-Lloyd, and Maersk Line) and ANL-USL will, subject to regulatory approval, restructure their existing services between the West Coast of North America and Australia/New Zealand. Under the proposed agreement the four lines will jointly offer eight monthly sailings under a three string service concept. ANL-USL will integrate their existing service with the Oceania VSA. A weekly Pacific Southwest String (PSW-1) will utilize six 2500 teu vessels calling Long Beach, Auckland, Melbourne, Sydney, Tauranga, Suva (3x per month) Honolulu (1x per month), Oakland, Long Beach. A fortnightly Pacific Southwest String (PSW-2) will call Long Beach, Tauranga, Sydney, Melbourne, Brisbane or Tauranga (to be confirmed), Long Beach. This new PSW-2 string will be operated with 3 x 1300 teu vessels. The Pacific Northwest (PNW) string will sail fortnightly from Seattle, Vancouver, Long Beach to Tauranga, Sydney, Melbourne, Adelaide and return via Auckland, Papeete (Tahiti), Ensenada (Mexico) to Oakland and Seattle. The PNW string will employ 4 x 1700 teu vessels. The departure days of the fortnightly PSW-2 and fortnightly PNW string from Long Beach

are timed in such a way as to provide weekly fixed day departures. The Oceania VSA will provide 104 sailings in each direction with the most comprehensive port coverage. Start-up of the new service structure is planned for August.

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