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Hapag-Lloyd, ZIM Integrated Agree on Slot Exchange

Maritime Activity Reports, Inc.

January 27, 2006

Hapag-Lloyd and ZIM Integrated Shipping Services Ltd., announced their new slot exchange agreement on the Mediterranean – US trade, between Zim’s ZCS – Zim Container Service and Hapag-Lloyd’s MGX – Mediterranean Gulf Express, as from mid-Feb 2006. The slot exchange covers the following ports: Hapag Lloyd’s MGX will cover Cagliari – Livorno – Genoa – Barcelona – Valencia –Miami – Houston – New Orleans – Cagliari; and Zim’s ZCS will cover Haifa – Piraeus – Livorno – Barcelona – New York – Savannah – New York – Barcelona – Haifa.

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