Evergreen Line and Crowley Sign Slot Charter Agreement for Weekly Service Between Florida Panama, and Costa Rica

News Release Evergreen Shipping Agency (America) Corporation May 3, 2012

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Jersey City,
NJ (May 1, 2012)--Evergreen Line and Crowley Latin America Services
have filed a slot charter agreement with the U.S. Federal Maritime Commission
that will allow Evergreen to provide northbound and southbound services to
customers covering ports in Florida and Panama, a major transshipment hub for
global trade, as well as Puerto Limon, Costa Rica.
 
The weekly service for
Evergreen customers includes sailings to and from Miami; Colon Container
Terminal, an Evergreen-owned and operated facility in Panama, and Puerto Limon,
Costa Rica. The service for Crowley customers is unchanged with weekly sailings
to and from Port Everglades; Manzanillo, Panama; Puerto Limon and Santo Tomas,
Guatemala. 
 
The new CAM service will
commence on May 30, 2012 Northbound and June 14, 2012, Southbound and will
utilize two Crowley container ships. 
 
"Being able to partner with
a premier American shipping company on this significant trade route will allow
us to bring to our customers another expansion that will help them be more
competitive and visible in their markets," said Anchor Chang,
President of Evergreen Marine Corp. "Crowley and Evergreen enjoy a
mutual respect for each other's excellent reputations. We anticipate a long and
expanding relationship with the good people at Crowley."
 
"We are pleased to be
working with Evergreen to help them serve their customers with a modern,
reliable and highly-efficient container service," said Tom Crowley, chairman,
president and CEO of Crowley Maritime Corporation. "This Evergreen-Crowley
partnership is a great example of how a global carrier can serve its customers
regionally without adding vessel tonnage and the associated
costs."</DIV></BODY></HTML>