Maersk Line Announcements

SOUTH ATLANTIC EXPRESS SERVICE ENHANCEMENTS

Maersk Line is pleased to announce the full extent of revisions to our current South Atlantic Express (SAE) service including the addition of calls to the Port of Savannah and the Port of Wilmington. The addition of these calls and adjustments to the overall schedule will improve transit times and broaden coverage for this service to benefit of our customers

With a significant capacity for temperature controlled cargo shipments, as well as improved transit times for all cargo, the new SAE service provides our customers with expanded geographic scope and a better product. Consistent with our efforts to ensure stability within the Latin America-North America trade lanes, the revised SAE service also leverages a southbound call at Miami mid-week for improved service and convenience to the general commodities export market. Furthermore, with available connections through the vital port of Puerto Cortes utilizing our Expreso service, the SAE creates additional opportunities for our customers while continuing to offer the same high level of reliability and quality of service.

This service also signals the initiation of Maersk Line service to the Port of Wilmington, North Carolina, with a four-day transit from Santo Tomas and full gate availability on Saturdays in Wilmington for pickup and deliveries.

"We are pleased that, even in the face of challenging times, we can provide innovative and dynamic solutions for our customers. The call at the Port of Wilmington also represents an expansion of the scope of our services to a young and growing port of call," said Bill Woodhour, Sales Manager for North America.

"As this is a new port offering, we have worked closely with our existing customers to ensure their needs continue to be met, and we are excited that this revised product introduces Maersk Line's quality, reliable service to a new and eager customer base," continued Woodhour.

As previously announced, this weekly service reflects omission of the northbound call to Miami, and removal of service to the Port of Charleston from the schedule. The Miami adjustment will become effective with the sailing of the Maersk Tarragona, voyage 0908, departing Santo Tomas on 8 February 2009. The final sailing from Charleston will be the southbound departure of the Maersk Tarragona, voyage 0911, on 3 March 2009. The revised South Atlantic Express service will make its first northbound call to Savannah on 5 March 2009 by the Maersk Tangier, voyage 0910, followed by its initial call to Wilmington on 6 March 2009.

The new SAE rotation is as follows: Savannah (US), Wilmington (US), Norfolk (US), Miami (US), Puerto Cortes (Honduras) and Santo Tomas (Guatemala).

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COMMODITY RATE RESTORATION - EUROPE TO ASIA TRADE

4 February 2009

Unsustainable rates and improved demand lead to rate increases effective 1 March and 1 April 2009. The General Rate Increase will be USD 25 per TEU thus totalling USD 50 per TEU.

During the 4th quarter 2008, the industry has experienced declining freight rates in the Europe to Asia trade. A trend that has continued into 2009. In addition, hereto, there are now indicators that demand is increasing due to amongst others the weak Sterling and Euro.

As a result of increasing costs associated with the growing demand and to ensure sustainable freight rates, Maersk Line will enact a commodity rate increases for export cargo from Europe to Asia. The increase is also necessary to ensure that we can continue to support the trade and provide our customers with the service reliability and customer service they are accustomed to when shipping with Maersk Line.