RATE CHANGES

SOUTHBOUND TRADE ANNOUNCEMENT
Australia/New Zealand Services

Effective December 15, 2008, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving out of the United States and Canada to Australia and New Zealand will decrease to US $896/20' and US $1792/40'.

Tariff cargo as well as existing service contracts will be subject to this charge.

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

TRADE ANNOUNCEMENT
TO/From South Pacific Islands

Effective November 1, 2008, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving From/To the US and Canada and the South Pacific Islands will increase to US $1178/20' and US $2356/40'. Tariff cargo as well as existing service contracts will be subject to this charge.

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

SOUTHBOUND TRADE ANNOUNCEMENT
United States/Canada to Brisbane, Australia - Arbitrary Update

Effective October 16, 2008, cargo routed on direct Brisbane calling vessels will be assessed an arbitrary of US$200/20' and US$400/40'. This applies to both Dry and Refrigerated cargo.

Cargo routed to Brisbane via Sydney will continue to be assessed the same arbitraries already in effect as follows:

AU$800/20'std
AU$1125/20'Reefer
AU$1410/40'std/HC
AU$1440/40'Reefer

Tariff cargo as well as existing service contracts will be subject to these arbitraries, except where a through rate agreement already exists.

SOUTHBOUND TRADE ANNOUNCEMENT
United States of America to Australia/New Zealand

Effective September 15, 2008, the tariff arbitrary from Portland, Oregon via Seattle, Washington will be as follows:

US$750/container - Dry
US$900/container - Reefer

SOUTHBOUND TRADE ANNOUNCEMENT
Australia/New Zealand Services

Effective September 15, 2008, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving out of the US and Canada to Australia and New Zealand will increase to US $1066/20' and US $2132/40'. Tariff cargo as well as existing service contracts will be subject to this charge.

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

TRADE ANNOUNCEMENT
To/From South Pacific Islands

Effective August 1, 2008, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving From/To the US and Canada and the South Pacific Islands will increase to US $1010/20' and US $2020/40'. Tariff cargo as well as existing service contracts will be subject to this charge.

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

SOUTHBOUND TRADE ANNOUNCEMENT
Australia/New Zealand Services

Effective June 15, 2008, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving out of the US and Canada to Australia and New Zealand will increase to US $784/20' and US $1568/40'. Tariff cargo as well as existing service contracts will be subject to this charge.

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

TRADE ANNOUNCEMENT
To/From South Pacific Islands

Effective May 1, 2008, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving out of the US and Canada to the South Pacific Islands will increase to US $822/20' and US $1644/40'. Tariff cargo as well as existing service contracts will be subject to this charge.

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

TRADE ANNOUNCEMENT
United States to/from ABC Islands

Effective April 17th 2008, the Emergency Fuel Adjustment Factor (EFAF) will increase on all cargo moving to/from the United States to/from the ABC Islands by $18 per teu:

New Emergency Adjustment Factor (EFAF) levels as of April 17th 2008 will be as follows:

US $476/20'
US $952/40'

We will continue to monitor EFAF on a consistent basis and provide developments to the trade.

TRADE ANNOUNCEMENT
United States East Coast/Canada to East Coast South America

Due to continued increasing operational costs in South America East Coast, effective April 1st 2008, a General Rate Increase (GRI) will be implemented on all cargo moving Southbound from or via United States East Coast/Canada to South America East Coast. The GRI will be implemented as follows:

20' dry, reefer, tanks and special equipment = $150
40' dry, reefer, tanks and special equipment = $300

We expect further escalating operating costs in 2008. We will continue closely monitoring the market conditions throughout the year and inform our customers of developments.

TRADE ANNOUNCEMENT
United States East Coast/Canada to Venezuela

Due to continued increasing operational costs in Venezuela, effective April 1st 2008, a General Rate Increase (GRI) will be implemented on all cargo moving Southbound from or via United States East Coast/Canada to Venezuela. The GRI will be implemented as follows:

20' dry, reefer, tanks and special equipment = $150
40' dry, reefer, tanks and special equipment = $300

We expect further escalating operating costs in 2008. We will continue closely monitoring the market conditions throughout the year and inform our customers of developments.

TRADE ANNOUNCEMENT
United States to/from Venezuela

Effective April 1st 2008, the Emergency Fuel Adjustment Factor (EFAF) will increase on all cargo moving to/from the United States to/from Venezuela by $24 per teu:

New Emergency Adjustment Factor (EFAF) levels as of April 1st 2008 will be as follows:

US $359/20'
US $718/40'

We will continue to monitor EFAF on a consistent basis and provide developments to the trade.

TRADE ANNOUNCEMENT
United States to/from ABC Islands

Effective April 1st 2008, the Emergency Fuel Adjustment Factor (EFAF) will increase on all cargo moving to/from the United States to/from the ABC Islands by $24 per teu:

New Emergency Adjustment Factor (EFAF) levels as of April 1st 2008 will be as follows:

US $458/20'
US $916/40'

We will continue to monitor EFAF on a consistent basis and provide developments to the trade.

SOUTHBOUND TRADE ANNOUNCEMENT
United States of America/Canada to Australia/New Zealand Services

Effective May 1, 2008, the southbound Panama Canal Surcharge which applies from the North American East Coast, will increase to US$125.00 per TEU. The increase is necessary following on from a review conducted by the Panama Canal Authority.

Tariff cargo as well as existing service contracts will be subject to this charge.

SOUTHBOUND TRADE ANNOUNCEMENT
Australia Services

Effective April 1, 2008, the Australian Port Charge Additonal (APCA) for to cargo moving from the United States of America and Canada, which is discharged in Melbourne, Australia will be as follows.

Tariff cargo as well as existing service contracts will be subject to this charge.

SOUTHBOUND TRADE ANNOUNCEMENT
United States of America/Canada to Australia/New Zealand Services

Effective May 1, 2008, a General Rate Increase (GRI) will be applied to all cargo moving out of the United States of America & Canada to Australia & New Zealand.

All contract and tariff rates will have an increase of US $150/20' and US $300/40'.

SOUTHBOUND TRADE ANNOUNCEMENT
Australia/New Zealand Services

Effective March 15, 2008, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving out of the US and Canada to Australia and New Zealand will increase to US $756/20' and US $1512/40'. Tariff cargo as well as existing service contracts will be subject to this charge.

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

SOUTHBOUND TRADE ANNOUNCEMENT
Australia/New Zealand Services

Effective January 1, 2008, the Alameda Corridor Surcharge (ACS) for all 20' & 40' southbound containers transported by rail through the ports of Los Angeles, CA and Long Beach, CA will increase to USD19/20' & US$37/40'.

Tariff cargo as well as existing service contracts will be subject to this charge.

The Alameda Corridor Transportation Authority (ACTA) created and implemented this fee, which was designed to pay off the debts of constructing and operating the Alameda Corridor. Hamburg Sud implemented this charge our tariff in order to recover the charges being assessed by the railroads.

SOUTHBOUND TRADE ANNOUNCEMENT
Australia/New Zealand Services

Effective December 15, 2007, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving out of the US and Canada to Australia and New Zealand will increase to US $564/20' and US $1128/40'. Tariff cargo as well as existing service contracts will be subject to this charge.

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

TRADE ANNOUNCEMENT
United States Gulf - South America East Coast

Due to continued increasing operational costs within South America East Coast Region, effective December 1st 2007, a General Rate Increase (GRI) will be implemented for all cargo moving Southbound from or via United States Gulf Coast to South America East Coast. The GRI will be implemented as follows:

20' dry container = $200
40' dry container = $400
20' reefer container = $200
40' reefer container = $400
20' special equipment = $200
40' special equipment = $400
20' tank equipment = $200

We expect further escalating operating costs in 2008. We will continue closely monitoring the market condition throughout the year and inform our customers of developments.

We thank you for your continuous support.

SOUTHBOUND TRADE ANNOUNCEMENT
United States of America/Canada - Australia/New Zealand Services

Effective October 1, 2007, a General Rate Increase (GRI) will be applied to all cargo loading in Seattle, WA and Vancouver, B.C. to Australia and New Zealand.

GRI amount: US $250/20' and US $500/40'.

TRADE ANNOUNCEMENT
United States East Coast & Gulf Coast – Cartagena, CO

Dear Valued Customer,

Please note that effective September 23rd 2007, a General Rate Increase (GRI) will apply to all cargo from or via U.S. East & Gulf Coast ports to Cartagena, Colombia.

The General Rate Increase will apply as follows:

US $ 150 per 20' dry, tank, reefer and special equipment
US $ 300 per 40' dry, reefer and special equipment.

Hamburg Sud would like to take this opportunity to thank you for your continued support.

TRADE ANNOUNCEMENT
United States East Coast/Gulf Coast Ports – West Coast South America

Dear Valued Customer,

Please note that effective September 23rd 2007, a General Rate Increase (GRI) will apply to all cargo from or via U.S. East & Gulf Coast ports to West Coast South America.

The General Rate Increase will apply as follows:

US $ 150 per 20' dry, tank, reefer and special equipment.
US $ 300 per 40' dry, reefer and special equipment.

Hamburg Sud would like to take this opportunity to thank you for your continued support.

TRADE ANNOUNCEMENT
United States East Coast/Canada – East Coast South America

Due to continued increasing operational costs in South America East Coast, effective September 17th 2007, a General Rate Increase (GRI) will be implemented for all cargo moving Southbound from United States East Coast/Canada to South America East Coast. The GRI will be implemented as follows:

20' dry, reefer, tanks and special equipment = $100
40' dry, reefer, tanks and special equipment = $200

We expect further escalating operating costs in 2007/2008. We will continue closely monitoring the market condition throughout the year and inform our customers of developments.

TRADE ANNOUNCEMENT
Mexico, United States East Coast, & Gulf – Guayaquil, EC

Dear Valued Customer,

Please note that the new port operator in Guayaquil, Ecuador has imposed a terminal handling charge on all cargo destined to Guayaquil, Ecuador. Therefore, effective September 10th 2007, all cargo from the Mexico, US East Coast/Gulf & Canada destined to Guayaquil, Ecuador will be subject to a destination terminal handling charge of $170 per container.

Hamburg Sud would like to take this opportunity to thank you for your continued support.

EQUIPMENT DETENTION ALL TRADES

Please note that a necessary review of RNA inbound/outbound Equipment Detention has taken place. Effective October 1, 2007 the existing rule containing the revised amounts below will come into effect:

FROM/TO: UNITED STATES
TO/FROM: WORLD

20'DC            $75
20'OT/FR      $100
20'RFR         $150
40'DC/HC     $100
40' OT/FR     $125
40' RFR         $175

SOUTHBOUND TRADE ANNOUNCEMENT
Australia / New Zealand Services - Effective September 15, 2007, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving out of the US and Canada to Australia and New Zealand will increase to US $514/20' and US $1028/40'. Tariff cargo as well as existing service contracts will be subject to this charge.

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

TRADE ANNOUNCEMENT
United States - Venezuela - Due to continuous increasing operational costs in Venezuela, effective September 9th 2007, a General Rate Increase (GRI) will be implemented for all cargo moving southbound from or via United States East Coast /Canada to Venezuela.

The GRI will be implemented as follows:

20' dry, reefer, tank and special equipment = $200
40' dry, reefer and special equipment = $400

We expect further escalating operating costs in 2007 / 2008. We will continue closely monitoring the market condition throughout the year and inform our customers of developments.

United States To and From ABC Islands – Effective September 1st 2007, the Emergency Fuel Adjustment Factor (EFAF) will increase on all cargo moving to/from the United States to/from the ABC Islands by $24 per teu:

New Emergency Adjustment Factor (EFAF) levels as of September 1st 2007 will be as follows:

US $314/20'
US $628/40'

We will continue to monitor EFAF on a consistent basis and provide developments to the trade.

United States – Venezuela – Effective September 1st 2007, the Emergency Fuel Adjustment Factor (EFAF) will increase on all cargo moving to/from the United States to/from Venezuela by $24 per teu:

New Emergency Adjustment Factor (EFAF) levels as of September 1st 2007 will be as follows:

US $215/20'
US $430/40'

We will continue to monitor EFAF on a consistent basis and provide developments to the trade.

SOUTHBOUND TRADE ANNOUNCEMENT
Australia Services – Effective September 1, 2007, the Australian Port Charge Additonals (APCA) for all cargo moving out of the US and Canada to Australia will be as follows:

Tariff cargo as well as existing service contracts will be subject to this charge.

DEMURRAGE AT U.S. PORTS FOR IMPORT REFRIGERATED CARGO
– Effective July 1, 2007, the demurrage rate for refrigerated cargo after expiration of free time will be increased as follows:

We urge our customers to expedite the pick up of refrigerated cargo containers to avoid these charges. The free time for refrigerated cargo containers is two(2) working days excluding Saturdays, Sundays and holidays, except for meat in refrigerated containers where the free time is five (5) working days.

SOUTHBOUND TRADE ANNOUNCEMENT
Australia / New Zealand Services – Effective June 15, 2007, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving out of the US and Canada to Australia and New Zealand will increase to US $416/20' and US $832/40'. Tariff cargo as well as existing service contracts will be subject to this charge.

SOUTHBOUND TRADE ANNOUNCEMENT
United States/Canada - Australia / New Zealand Services – Effective May 1, 2008, the southbound Panama Canal Surcharge which applies from the North American East Coast, will increase to US$125.00 per TEU. The increase is necessary following on from a review conducted by the Panama Canal Authority.

United States – Venezuela – Effective January 15, 2007 there will be a general rate increase of $200/$400 per TEU/FEU for all cargo moving from the US to Venezuela. The charge is necessitated by rising intermodal costs in the US as well as continued operational challenges in Venezuela. The new charge is in addition to a $150/TEU congestion fee imposed earlier on Puerto Cabello cargo.

SOUTHBOUND TRADE ANNOUNCEMENT
Australia / New Zealand Services
Effective December 15, 2006, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving out of the US and Canada to Australia and New Zealand will decrease to US $398/20' and US $796/40'. Tariff cargo as well as existing service contracts will be subject to this charge.

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

United States / Canada Export – Cartagena and Buenaventure – Effective December 04, 2006, a Terminal Handling Charge (THC) for all export cargo loading in United States/Canada destined to Colombia (Cartagena/Buenaventura) will be assessed at: $50.00 per container.

TRADE ANNOUNCEMENT
United States / Canada Export – Puerto Cabello, Venezuela
Effective December 04, 2006, due to the heavily congested situation in Puerto Cabello, Venezuela we are implementing a Congestion Surcharge of US $150/teu on all exports sailing out of the United States East Coast, United States Gulf Coast and Canada to Puerto Cabello, Venezuela.

Subject surcharge will also apply on Venezuelan exports loading in Puerto Cabello destined to all global regions serviced by Hamburg Süd.
Surcharge will be implemented on dry, reefer and special equipment.

We will continue to monitory the situation closely and advise accordingly.

United States / Canada Export – Australia / New Zealand – Effective December 05, 2006 all dry and refrigerated containers loaded from United States of America & Canada ports shall be subject to a destination Port Security Surcharge as follows:

ALL NEW ZEALAND PORTS
NZ$20.00 per container

AUSTRALIAN PORTS
Brisbane - A$5.00 per container
Melbourne - A$5.00 per container
Sydney - A$5.00 per container

Tariff cargo as well as existing Service Contracts will be subject to this surcharge on either a prepaid, or collect basis.

United States / Canada Export – Australia / New Zealand – Effective December 1, 2006 the New Zealand Import Delivery Order Fee (Import Documentation Fee) will increase to NZ$40/Bill of Lading.

Tariff cargo as well as existing Service Contracts will be subject to this surcharge on either a prepaid, or collect basis.

United States To and From ABC Islands – Effective October 1st 2006, the Emergency Fuel Adjustment Factor (EFAF) will increase for all cargo moving to/from the United States and Canada to/from the ABC Islands by $36 per teu:

New emergency adjustment factor (EFAF) levels be as follows:

US $302/20'
US $604/40'

EFAF will continue to be monitored on a quarterly basis and adjustments will be made following the review period, with the appropriate notice given to the trade.

United States / Canada Export – All trades – Effective October 15th, 2006 all dry and refrigerated containers loaded from United States of America & Canada ports to worldwide ports shall be subject to an ISPS Surcharge (International Code on the Security of Ships and Port Facilities) of US$ 6.00 per container.

Tariff cargo as well as existing Service Contracts will be subject to this surcharge on either a prepaid, or collect basis.

Cartagena, Colombia to United States East Coast / Canada – Effective August 1, 2006, a General Rate Increase (GRI) will apply to all exports from Cartagena, Colombia to the U.S. East Coast ports.

The GRI will be as follows:

US $400 per 20' dry container
US $800 per 40' dry container

United States to and from Central and South America – Effective July 1, 2006, the South Florida Drayage will increase for all cargo moving to/from the United States and Central and South America by $25 per unit:

New Miami Drayage amount as from July 1st 2006 will be as follows:

US $325 per Unit

South America West Coast Service – Effective July 1, 2006, a General Rate Increase (GRI) will be implemented for all US exports (dry containers only) from or via US East Coast ports and Gulf Coast ports to West Coast South America. The GRI will be as follows:

20' dry container = $500
40' dry container = $1000

Northbound Cargo from South America East Coast – Effective June 1, 2006, the Emergency Fuel Adjustment Factor Surcharge (EFAF) Fee will be charged for all export dry and reefer containers for all trades:

US $78/20'
US $156/40'

United States to and from Venezuela – Effective June 5, 2006, the Emergency Fuel Adjustment Factor (EFAF) will increase for all cargo moving to/from the United States and Canada to/from the VENEZUELA by $42 per teu:

NEW EMERGENCY ADJUSTMENT FACTOR (EFAF) LEVELS AS FROM JUNE 5, 2006 WILL BE AS FOLLOWS:

US $167/20'
US $334/40'

United States to and from ABC Islands – Effective June 5, 2006, the Emergency Fuel Adjustment Factor (EFAF) will increase for all cargo moving to/from the United States and Canada to/from the ABC Islands by $42 per teu:

NEW EMERGENCY ADJUSTMENT FACTOR (EFAF) LEVELS AS FROM JUNE 5, 2006 WILL BE AS FOLLOWS:

US $266/20'
US $532/40'

United States of America East Coast to Cartagena, Colombia – Effective June 5, 2006, a General Rate Increase (GRI) will be implemented for all US exports (dry containers only) from or via US East Coast Ports to Cartagena, Colombia. The General Rate Increase will be as follows:

20' dry container = $200
40' dry container = $400

Australia / New Zealand Services – Effective June 15, 2006, the Emergency Fuel Adjustment Factor (EFAF) for all cargo moving out of the US and Canada to Australia and New Zealand will increase to US $442/20' and US $884/40'.

Tariff cargo as well as existing service contracts will be subject to this charge.

United States of America / Canada to Australia / New Zealand – Effective May 1, 2008, the southbound Panama Canal Surcharge which applies from the North American East Coast, will increase to US$125.00 per TEU. The increase is necessary following on from a review conducted by the Panama Canal Authority.

Tariff cargo as well as existing service contracts will be subject to this charge.