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EVERGREEN LINE TO PHASE OUT PROVIDING CHASSIS IN BOSTON

News Release Italia Marittima S.p.A. - Head office - Evergreen Line July 16, 2010
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<DIV>July 14, 2010-- In an effort to improve operational efficiencies, free-up
terminal space, reduce pollution, allow truckers quicker turnaround times and
for its customers, Evergreen Line will begin to phase out providing chassis for
import and export cargo commencing August 15 in Boston, MA.<BR>&nbsp;<BR>The
U.S. is the only country where ocean carriers provide chassis, Evergreen Line
said in a statement, and it is neither efficient nor economical to continue to
do so.<BR>&nbsp;<BR>"Burgeoning world trade is impacting valuable waterfront
terminal space and projected growth of commerce makes the ongoing storage of
chassis no longer viable.&nbsp; Limited expansion real estate availability
mandates that chassis can no longer be maintained by the shipping
companies.<BR>&nbsp;<BR>Drayage companies and owner-operators are fully
qualified to manage and maintain chassis fleets with greater ease and
cost-effectiveness, while providing the same standard level of service to the
Importers and Exporters", the company noted.&nbsp; <BR>&nbsp;<BR>It is expected
that the move will also save hours for truckers, reduce turnaround times save
fuel, significantly reduce air pollution (CO2 and NOx emissions) and will have a
greater positive impact on the environment.<BR>&nbsp;<BR>The program will start
in the Boston area and will gradually expand to other areas within the United
States.<BR></DIV></BODY></HTML>