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Maersk Line, Limited brings the first of two Project Cargo ships under the US Flag

News Release Maersk Line, Limited (Corporate Headquarters ) January 16, 2012
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<P style="MARGIN: 0pt 0pt 6pt" class=Default><B><SPAN
style="FONT-SIZE: 10pt">Norfolk</SPAN></B><B><SPAN style="FONT-SIZE: 10pt">,
</SPAN></B><B><SPAN style="FONT-SIZE: 10pt">VA</SPAN></B><B><SPAN
style="FONT-SIZE: 10pt">, </SPAN></B><B><SPAN style="FONT-SIZE: 10pt">January
10, 2012</SPAN></B><B><SPAN style="FONT-SIZE: 10pt"> </SPAN></B><SPAN
style="FONT-SIZE: 10pt">&#8211; Maersk Line, Limited (MLL) completed the reflagging
under </SPAN><SPAN style="FONT-SIZE: 10pt">US</SPAN><SPAN
style="FONT-SIZE: 10pt"> registry of <I>Maersk Illinois</I>, its newest
multipurpose heavy-lift vessel. The ship is one of two sister vessels that MLL
acquired in September 2011 and which will sail for Maersk-Rickmers US Flag
Project Carrier (Maersk-Rickmers), providing breakbulk and project cargo service
for shippers requiring US flag service. Maersk-Rickmers was jointly formed for
this purpose by MLL and Rickmers-Linie (</SPAN><SPAN
style="FONT-SIZE: 10pt">America</SPAN><SPAN
style="FONT-SIZE: 10pt">).</SPAN></P>
<P style="MARGIN: 0pt 0pt 6pt" class=MsoPlainText><SPAN
style="FONT-FAMILY: Verdana; COLOR: black; FONT-SIZE: 10pt">&#8220;We are pleased to
see this reflagging<A name=_GoBack></A> process completed, allowing us to
introduce our modern ship and bring new value to the </SPAN><SPAN
style="FONT-FAMILY: Verdana; COLOR: black; FONT-SIZE: 10pt">US</SPAN><SPAN
style="FONT-FAMILY: Verdana; COLOR: black; FONT-SIZE: 10pt"> flag project cargo
market,&#8221; said Dave Harriss, Director of Ship Management and Chartering at MLL.
&#8220;We are now looking forward to bringing the second ships, <I>Maersk Texas</I>,
under the </SPAN><SPAN
style="FONT-FAMILY: Verdana; COLOR: black; FONT-SIZE: 10pt">US</SPAN><SPAN
style="FONT-FAMILY: Verdana; COLOR: black; FONT-SIZE: 10pt"> flag fleet as we
continue to build the service.&#8221; </SPAN></P>
<P style="MARGIN: 0pt 0pt 6pt" class=MsoNormal><I><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Maersk Illinois</SPAN></I><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"> completed its maiden voyage in
</SPAN><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Mobile</SPAN><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">, </SPAN><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Alabama</SPAN><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"> where its reflagging was
performed. The 19,600 DWT ship is 148 meters long and can carry 20,000 cubic
meters of cargo. With two onboard cargo cranes with a combined maximum lift of
480 metric tons, she is ideally suited for handling of a wide variety of heavy
and bulky cargo such as generators, locomotives, wind and gas turbines,
hazardous materials and more. The vessel will make port calls on inducement
around the globe.</SPAN></P>
<P style="MARGIN: 0pt 0pt 6pt" class=MsoPlainText><SPAN
style="FONT-FAMILY: Verdana; COLOR: black; FONT-SIZE: 10pt">&#8220;As Maersk-Rickmers,
we now offer a solution that will soon become the first choice for our clients,&#8221;
said Steve Garifalos, General Manager of Sales and Customer Service at
Rickmers-Linie (</SPAN><SPAN
style="FONT-FAMILY: Verdana; COLOR: black; FONT-SIZE: 10pt">Am</SPAN><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">erica</SPAN><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">). &#8220;Expansion of the </SPAN><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">US</SPAN><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"> flag multipurpose fleet benefits
project businesses and those shippers needing heavy-lift service.&#8221;<SPAN
style="COLOR: black"></SPAN></SPAN></P>
<P style="MARGIN: 0pt 0pt 6pt" class=MsoPlainText><I><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Maersk Illinois</SPAN></I><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"> loaded its first US flag impelled
cargo immediately after the reflagging was completed on December 30 and set sail
for </SPAN><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt">Ghana</SPAN><SPAN
style="FONT-FAMILY: Verdana; FONT-SIZE: 10pt"> with its new crew of US mariners
from American Maritime Officers and Seafarers International Union. </SPAN></P>
<P style="MARGIN: 0pt 0pt 6pt" class=Default><SPAN
style="FONT-SIZE: 10pt">Maersk-Rickmers brings together MLL&#8217;s expertise in the
operation and management of US flag vessels and Rickmers-Linie&#8217;s 175 years of
experience handling project cargoes worldwide. The complementary capabilities
create a reliable service that realizes the efficiencies US flag customers need
to compete on a global basis.</SPAN></P>
<P style="MARGIN: 0pt 0pt 6pt" class=Default><SPAN style="FONT-SIZE: 10pt">For
more information on Maersk-Rickmers, please visit <A
href="redir.aspx?C=92066afe31f74c0b994beafd6af36c45&amp;URL=http%3a%2f%2fwww.maersk-rickmers.com%2f"
target=_blank><SPAN><FONT face=Arial>www.maersk-rickmers.com</FONT></SPAN></A>.
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