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Lühr New Container Line Manager

Maritime Activity Reports, Inc.

March 31, 2004

Hartmut Lühr (47), executive board chairman of VTG-Lehnkering AG, has been appointed manager of Hapag-Lloyd Container Line with effect from May 1st 2004. He will be responsible for Region Europe.

Hartmut Lühr, who trained as a forwarding professional, gained experience in forwarding and liner shipping at Schenker and Maersk before being appointed head of global sea freight business at Schenker International AG (Essen) in 1997. In 1999, Lühr switched to Hapag-Lloyd Container Line, where he became head of marketing (Region Europe). At the beginning of 2001, he was appointed member of the executive board of VTG-Lehnkering AG responsible for the business unit rail and tank container logistics. Lühr then assumed the position of executive board chairman of VTG-Lehnkering AG with effect from January 1st 2004.

"We are delighted in having found in Hartmut Lühr a profound expert for the management of our Hapag-Lloyd Container Line. His international experience and know-how will help us continue to develop the successful strategy of Hapag-Lloyd Container Line," stated Adolf Adrion, executive board member of Hapag-Lloyd AG responsible for shipping.

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