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Evergreen Italy SpA to represent the Evergreen Group in Italy

Maritime Activity Reports, Inc.

December 30, 2005

The Evergreen Group has established a new liner agency company in Italy, Evergreen Italy SpA, as a joint venture with the company's long-standing partner and agent, Greensisam SpA. With effect from 1 January, 2006, Evergreen Italy SpA will represent all three Evergreen Group shipping lines, namely Evergreen Marine Corporation, Hatsu Marine Ltd and Lloyd Triestino di Navigazione SpA.

Tecnomar SpA will continue to represent Lloyd Triestino in the Italian market as sub agent to Evergreen Italy.

Evergreen Italy SpA will be headquartered in Livorno and have branch offices in Genoa, Milan, Trieste, Venice and Taranto. With such a comprehensive network, Evergreen Italy will provide Italian exporters and importers with fast and efficient local access to the global services it provides to the shipping community.

Mr P L Maneschi has been appointed Chairman of the new company while Sigma Chang, formerly with Evergreen Marine Corp in Taipei, will act as President of the new company. Addresses, telefax and telephone numbers of the new company will remain the same for all offices and subagents. However, the e-mail addresses' domain name will be changed to [email protected], ie [email protected].

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