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CP Ships Makes Appointments

Maritime Activity Reports, Inc.

March 20, 2002

CP Ships has named Andrea Bolch as Vice President of its Europe-Asia Business Unit based in Ipswich, United Kingdom. Andrea will have line management responsibility for CP Ships’ container shipping services managed from Ipswich in the following markets: Asia-North Europe; Asia-Mediterranean; Europe-India/Pakistan; US East Coast-India; South East Asia / India / Arabian Gulf. She will report to David Halliday, Senior Vice President, CP Ships responsible for Australasia. Bolch was previously Senior Vice President, ANZDL. Since joining the company as Commercial Director in 1992, she has held a number of senior management posts. Within the Ipswich-based Business Unit, Peter Hill continues as Vice President for the Australasia Business Unit having line management responsibility for the multiple services operated under the Contship Containerlines and ANZDL brands in the Australasian markets. These include: Europe-Australasia; Ocean Star Round-the-World; US West Coast-Australasia; Trans-Tasman and Australasia/Asia. Furthermore, John Speakman has been appointed Vice President, CP Ships within the company’s regional management office in Tampa, USA. In this role he has management responsibility for the Contship Containerlines and ANZDL-branded services in North America and also reports to David Halliday. Commenting on the new appointments David Halliday said: “Both appointments represent important moves in the management restructuring for the Contship Containerlines and ANZDL brands within the new CP Ships organisation.”

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