AGREEMENT VESSEL SHARING INTRODUCING THE

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1 2M ITRODUCIG TH VL HARIG AGRMT

2 A FORORD On 16 July 2014, MC Mediterranean hipping Company.A. agreed in principle with Maersk Line to form a vessel sharing agreement called 2M. Operating a total capacity of 2.1 million TU, the VA aims to deliver improved services to our customers booking on MC s ast-est services. The proposed VA will provide an increased number of port pairs, more direct ports of call and enhanced transit times. chedule integrity will improve as a result of an increased number of weekly sailings. e will also be in a position to improve the sustainability of our customers supply chain as we aim to reduce our carbon emissions by over 20%. e hope that these significant improvements together with our continual drive to provide the highest level of customer service in the marketplace will be welcomed by our customers. At this point, we continue to work closely with authorities, helping in any way that we can to ensure that the 2M VA will be approved. Diego Aponte CO

3 ABOUT MC OVR 2.5 MILLIO TU OVR 480 OFFIC OVR 150 COUTRI OVR TAFF OVR 465 VL OVR 200 ROUT OVR 315 PORT OF CALL

4 ITRODUCIG 2M AD VL TRIG PORT 2.1 M TU CAPACITY

5 HAT DO IT MA? FFICIT RLIABL UTAIABL

6 FFICIT HACD TRAIT TIM MOR DIRCT PORT PAIR LARGR COP OF PORT

7 RLIABL MOR KLY DPARTUR IMPROVD CHDUL ITGRITY

8 UTAIABL FR VL LOR GA MIIO LOR TAMIG OVR 20% L C02

9 AIA- ORTH UROP : for the real world

10 AIA - ORTH UROP: ALBATRO TBOUD GRAT COVRAG OF MAJOR CHIA ORIGI, OUTH KORA AD OUTH AT AIA PORT IMPROVD TRAIT TIM TO ROTTRDAM AD BRMRHAV OPTIMIZD COCTIO ITH CADIAVIA AD BALTIC Algeciras Rotterdam Bremerhaven illhelmshaven Dalian, China Busan, outh Korea Qingdao, China ingbo, China hanghai, China Xiamen, China Yantian, China Tanjung Pelepas, Malaysia

11 AIA - ORTH UROP: ILK TBOUD DIRCT CALL FROM BUA AD KAGYAG OPTIMUM COVRAG FROM CTRAL AD OUTH CHIA Felixstowe Bremerhaven Gdansk Aarhus DIRCT CALL AT AARHU AD GDAK COMPTITIV TRAIT TIM TO FLIXTO AD BRMRHAV nsuring competitive services to candinavia and Baltic Busan, outh Korea Kwangyang, outh Korea hanghai, China ingbo, China Yantian, China Tanjung Pelepas, Malaysia

12 AIA - ORTH UROP: LIO TBOUD COMPLT COVRAG FROM CTRAL AD OUTH CHIA CALL MAJOR UROPA PORT ines Le Havre Hamburg Bremerhaven Rotterdam Antwerp Felixstowe TROG COVRAG TO I HUB ingbo, China hanghai, China Xiamen, China Chiwan, China ansha, China Yantian, China Tanjung Pelepas, Malaysia

13 AIA - ORTH UROP: A TBOUD COMPLT COVRAG OF AIA PORT MAXIMID COVRAG OF GRMA PORT AD OF ATRP - A KY MC HUB PORT Antwerp Hamburg Bremerhaven OPTIMIZD COCTIO TO CADIAVIA, BALTIC, UK & IRLAD Busan, outh Korea Xingang, China Qingdao, China hanghai, China ingbo, China Hong Kong, Hong Kong Yantian, China Tanjung Pelepas, Malaysia

14 AIA - ORTH UROP: HOGU TBOUD DIRCT COVRAG FROM THR MAJOR JAPA PORT DIRCT COCTIO TO MAJOR UROPA PORT FROM CTRAL CHIA AD OUTH CHIA DIRCT CALL TO GOTHBURG Felixstowe Rotterdam Bremerhaven Gothenburg ilhelmshaven Kobe, Japan agoya, Japan Yokohama, Japan ingbo, China hanghai, China Hong Kong, Hong Kong Yantian, China Tanjung Pelepas, Malaysia

15 AIA - ORTH UROP: CODOR TBOUD CALL FIV MAJOR AIA PORT : ingbo, hanghai, Yantian, Chiwan and Tanjung Pelepas FAT TRAIT TIM TO L HAVR AD TO OUTHAMPTO FATT DIRCT RVIC TO BARCLOA with transit time improved by 8 to 10 days depending on port of load. Barcelona Port Tangiers Le Havre outhampton Antwerp Felixstowe ingbo, China hanghai, China Yantian, China Chiwan, China Tanjung Pelepas, Malaysia

16 AIA - ORTH UROP: ALBATRO ATBOUD FAT RVIC FROM ORTH T COTIT AD UK TO ORTH CHIA & KORA Tanjung Pelepas Yantian hanghai Dalian Busan Qingdao Bremerhaven, Germany ilhelmshaven, Germany Rotterdam, etherlands Felixstowe, United Kingdom Port Tangiers, Morocco Algeciras, pain

17 AIA - ORTH UROP: ILK ATBOUD FAT RVIC C CA/BALTIC TO OUTH CHIA AD KORA DIRCT CALL AT AARHU AD GDAK Tanjung Pelepas Yantian Hong Kong Busan Kwangyang hanghai Gdansk, Poland Aarhus, Denmark Bremerhaven, Germany Rotterdam, etherlands

18 AIA - ORTH UROP: LIO ATBOUD DIRCT C COVRAG Middle ast and outh China. FULL COVRAG FROM CA BALTIC, C + UK ith dedicated feeder network. DIRCT TO ALALAH AD JBL ALI ith full coverage dedicated feeder service to the whole M.ast area. FAT TRAIT TIM FROM FLIXTO TO JBL ALI OF 19 DAY alalah Jebel Ali Tanjung Pelepas Chiwan Hong Kong Yantian Xiamen Hamburg, Germany Bremerhaven, Germany Rotterdam, etherlands Antwerp, Belgium Felixstowe, United Kingdom Le Havre, France Port Tangiers, Morocco Gioia Tauro, Italy

19 AIA - ORTH UROP: A ATBOUD DIRCT C COVRAG TO RD A, OUTH AT AIA, CHIA AD KORA PARTICULARLY FAT TRAIT TIM FROM ATRP TO HAGHAI = 28 DAY King Abdullah ingapore Chiwan hanghai Busan Xingang Qingdao Hamburg, Germany Bremerhaven, Germany Antwerp, Belgium

20 AIA - ORTH UROP: HOGU ATBOUD DIRCT RVIC FROM D, GRMAY AD FRAC TO OUTH CHIA AD JAPA FULL COVRAG FROM CA BALTIC, C AD UK Utilising our dedicated feeder network Colombo Tanjung Pelepas ingapore Yantian Hong Kong Kobe agoya Yokohama Gothenburg, weden ilhelmshaven, Germany Bremerhaven, Germany Le Havre, France

21 AIA - ORTH UROP: CODOR ATBOUD FAT RVIC FROM C TO CHIA FLIXTO TO HAGHAI I 35 DAY FLIXTO TO CHIA I 30 DAY DDICATD FDR TORK ACRO TH UK Chiwan ingbo hanghai Le Havre, France outhampton, United Kingdom Antwerp, Belgium Felixstowe, United Kingdom

22 AIA- MDITRRAA MC The Mediterranean implementation hipping of Company, the P3.A. etwork Copyright is subject All rights to reserved. the approval of the regulatory authorities. : for the real world

23 AIA - MDITRRAA: DRAGO TBOUD FULLY DDICATD RVIC TO ITALY AD FO ITH HORT TRAIT TIM DIRCT CALL TO GOA Beirut Gioia Tauro La pezia Genoa Fos ur Mer Barcelona Valencia XTDD PORT COVRAG TO ITALY HACD TRAIT TIM TO LA PZIA AD FO / UP TO 6 DAY Dalian, China Xingang, China Busan, outh Korea hanghai, China ingbo, China Chiwan, China Yantian, China ingapore, ingapore

24 AIA - MDITRRAA: JAD TBOUD XTIV PORT COVRAG I AIA including direct calls to Qingdao, Xiamen and ansha HACD PORT COVRAG TO RV ORTH AFRICA MARKT via our Valencia hub TROG ITRMODAL TORK I PAI ITH DDICATD TRAI Port aid Malta Valencia Barcelona La pezia Qingdao, China Busan, outh Korea ingbo, China hanghai, China Xiamen, China ansha, China Chiwan, China Yantian, China ingapore, ingapore

25 AIA - MDITRRAA: PHOIX TBOUD FATT DIRCT RVIC TO KOPR, RIJKA AD TRIT as gateway to central uropean Countries (lovakia, Hungary, Austria, Czech Republic) Port aid Koper Trieste Rijeka MAJOR AIA PORT COVRAG FAT TRAIT TIM TO ALL OUTH AT AIA COUTRI THROUGH IGAPOR HUB Busan, outh Korea hanghai, China Hong Kong, Hong Kong Chiwan, China Yantian, China ingapore, ingapore

26 AIA - MDITRRAA: TIGR TBOUD DIRCT DPARTUR FROM MAI FAR AT PORT including direct connections from outh ast Asia and Japan. COVRAG OF MAI AT MD DTIATIO ITH DIRCT CALL TO TURKY AD GRC COVRAG OF ALL ATR BLACK A DTIATIO via dedicated MC feeder network Ambarli Izmit Korfezi Piraeus Qingdao, China Busan, outh Korea hanghai, China ingbo, China Xiamen, China Chiwan, China Yantian, China ingapore, ingapore

27 AIA - MDITRRAA: GRAT A TBOUD DIRCT COVRAG OF TR BLACK A COUTRI DIRCT DPARTUR FROM MAI FAR AT PORT with direct calls and direct connections from outh ast Asia and Japan IDD COVRAG OF BLACK A PORT Izmit Korfezi Ambarli ovorossiysk Odessa Ilyichevsk Constanta Yokohama, Japan agoya, Japan Busan, outh Korea hanghai, China ingbo, China Yantian, China ingapore, ingapore

28 AIA - MDITRRAA: DRAGO ATBOUD FAT DDICATD T MD RVIC TO ORTH CHIA GOA DIRCT TO AIA alalah ingapore hanghai Dalian Xingang Busan Gioia Tauro, Italy La pezia, Italy Genoa, Italy Fos ur Mer, France Barcelona, pain Valencia, pain Marsaxlokk, Malta

29 AIA - MDITRRAA: JAD ATBOUD FAT T MD RVIC TO RD A, MIDDL AT AD AIA DIRCT CALL TO XIAM King Abdullah Jebel Ali ingapore Yantian Xiamen Qingdao Busan Valencia, pain Barcelona, pain La pezia, Italy Gioia Tauro, Italy Port aid, gypt

30 AIA - MDITRRAA: PHOIX ATBOUD DIRCT RVIC FROM ADRIATIC AD GYPT TO AIA DIRCT RVIC TO VUG TAO (VIT-AM) Tanjung Pelepas Vung Tao ingbo hanghai FULL COVRAG OF ALL ADRIATIC ITALIA PORT THROUGH DDICATD FDR TORK Also linking: Croatia, Albania, erbia, Montenegro, Hungary, Czech Rep., outh Germany, Bosnia, Austria, lovenia, lovakia Koper, lovenia Trieste, Italy Rijeka, Croatia Port aid, gypt

31 AIA - MDITRRAA: TIGR ATBOUD AT MD DIRCT TO RD A, MIDDL AT CHIA AD KORA FULL COVRAG FROM TURKY TO MIDDL AT with dedicated feeder network. DIRCT RVIC FROM GYPT King Abdullah Jebel Ali ingapore Chiwan Qingdao Busan Ambarli, Turkey Izmit Korfezi, Turkey Piraeus, Greece Port aid, gypt

32 AIA - MDITRRAA: GRAT A ATBOUD DIRCT RVIC BLACK A TO CHIA AD KORA FULL COVRAG FROM BLACK A ARA, with dedicated feeder network from: Varna, Burgas, Poti, Batumi, Trabzon, amsun. Tanjung Pelepas Hong Kong Yantian hanghai Busan ovorossiysk, Russia Odessa, Ukraine Ilyschevsk, Ukraine Constanta, Romania Ambarli, Turkey Port aid, gypt

33 TRAATLATIC- ORTH UROP : for the real world

34 TRAATLATIC- ORTH UROP: UATL1 TBOUD FATR TRAIT TIM from Bremerhaven to ew York FATR TRAIT TIM Bremerhaven to orfolk FATR TRAIT TIM orth urope to Houston ewark orfolk Charleston Miami Houston Antwerp, Belgium Rotterdam, etherlands Bremerhaven, Germany

35 TRAATLATIC- ORTH UROP: UATL2 TBOUD O CALLIG ROTTRDAM as a direct port of call FATR TRAIT TIM from Antwerp to ew York ewark Baltimore orfolk ewark Bremerhaven, Germany Felixstowe, United Kingdom Rotterdam, etherlands Antwerp, Belgium Le Havre, France

36 TRAATLATIC- ORTH UROP: UATL3 TBOUD FATR TRAIT TIM from orth est Continent ports to ew Orleans & Mobile Charleston avannah Freeport Veracruz Altamira ew Orleans Mobile Antwerp, Belgium Felixstowe, United Kingdom Rotterdam, etherlands Bremerhaven, Germany Le Havre, France

37 TRAATLATIC- ORTH UROP: UATL1 ATBOUD FATR TRAIT TIM Houston to orth urope FATR TRAIT TIM orfolk to orth urope O CALLIG MIAMI Antwerp Rotterdam Bremerhaven ewark, UA orfolk, UA Charleston, UA Miami, UA Houston, UA orfolk, UA

38 TRAATLATIC- ORTH UROP: UATL2 ATBOUD O CALLIG ROTTRDAM FATR TRAIT TIM from Baltimore to orth urope Bremerhaven Felixstowe Rotterdam Antwerp Le Havre FATR TRAIT TIM from ew York to orth urope Baltimore, UA orfolk, UA ewark, UA

39 TRAATLATIC- ORTH UROP: UATL3 ATBOUD IMPROVD TRAIT TIM from Mexican ports to orth urope Antwerp Felixstowe Rotterdam Bremerhaven Le Havre Veracruz, Mexico Altamira, Mexico Mobile, UA Freeport, Bahamas avannah, UA Charleston, UA

40 TRAATLATIC- MDITRRAA : for the real world

41 TRAATLATIC- MDITRRAA: MDUC TBOUD O CALLIG ALGCIRA & GOA ewark Boston Baltimore orfolk avannah Charleston Algeciras, pain Valencia, pain Gioia Tauro, Italy aples, Italy Leghorn, Italy La pezia, Italy Genoa, Italy ines, Portugal

42 TRAATLATIC- MDITRRAA: MDGULF TBOUD O CALLIG ALGCIRA Freeport Port verglades Veracruz Altamira Houston ew Orleans Miami Gioia Tauro, Italy aples, Italy La pezia, Italy Barcelona, pain Valencia, pain Algeciras, pain ines, Portugal

43 TRAATLATIC- MDITRRAA: MDUC ATBOUD O CALLIG ALGCIRA & GOA Algeciras Valencia Gioia Tauro aples Leghorn La pezia Genoa ines ewark, UA Boston, UA Baltimore, UA orfolk, UA avannah, UA Charleston, UA

44 TRAATLATIC- MDITRRAA: MDGULF ATBOUD O CALLIG ALGCIRA ines Algeciras Barcelona Gioia Tauro aples La pezia Valencia Port verglades, UA Veracruz, Mexico Altamira, Mexico Houston, UA ew Orleans, UA Miami, UA Freeport, UA

45 TRAPACIFIC- T COAT UA : for the real world

46 TRAPACIFIC- T COAT UA: PARL TBOUD DDICATD RVIC FROM L.A. AD OAKLAD TO CTRAL / OUTH CHIA AD OUTH AT AIA XTDD PORT COVRAG I OUTH CHIA ingbo hanghai Xiamen Chiwan ansha Yantian Tanjung Pelepas FAT TRAIT TIM TO OUTH AT AIA Los Angeles, UA Oakland, UA

47 TRAPACIFIC- T COAT UA: JAGUAR TBOUD DDICATD RVIC FROM L.A. AD OAKLAD TO OUTH KORA, CTRAL/OUTH CHIA AD OUTH AT AIA FAT TRAIT TIM TO OUTH KORA Busan hanghai Hong Kong Chiwan Yantian ingapore Los Angeles, UA Oakland, UA

48 TRAPACIFIC- T COAT UA: ORIT TBOUD DDICATD RVIC FROM L.A TO CTRAL AD OUTH CHIA, TAIA AD OUTH AT AIA FAT TRAIT TIM TO HAGHAI hanghai ingbo Kaohsiung Chiwan Hong Kong Yantian ingapore Los Angeles, UA

49 TRAPACIFIC-.C UA & CAADA: AGL TBOUD DDICATD RVIC FROM TH PACIFIC ORTH T (P) AD CAADA TO T COAT JAPA, OUTH KORA AD CTRAL/OUTH CHIA AD OUTH AT AIA. Yokohama agoya Busan hanghai ingbo Yantian ingapore eattle, UA Vancouver, Canada

50 TRAPACIFIC- T COAT UA: PARL ATBOUD DDICATD RVIC FROM OUTH CHIA AD OUTH AT AIA MAI PORT COT FFCTIV HAULAG OLUTIO with outh China direct ports of call Los Angeles Oakland Tanjung Pelepas, Malaysia Chiwan, China Hong Kong, Hong Kong Yantian, China Xiamen, China 13 18

51 TRAPACIFIC- T COAT UA: JAGUAR ATBOUD DDICATD RVIC FROM CTRAL CHIA AD OUTH AT AIA MAI PORT DIRCT COCTIO FROM VUG TAU ith a fast transit time for time-sensitive cargo Los Angeles Oakland Tanjung Pelepas, Malaysia Vung Tau, Vietnam ingbo, China hanghai, China 12 16

52 TRAPACIFIC- T COAT UA: ORIT ATBOUD DDICATD RVIC FROM ORTH CHIA, OUTH KORA AD OUTH AT AIA MAI PORT Los Angeles Tanjung Pelepas, Malaysia 22 ingbo, China 15 Qingdao, China 13 Busan, Korea 11

53 TRAPACIFIC-.C UA & CAADA: AGL ATBOUD PCIAL RVIC FOR CAADIA MARKT Direct calls to eattle and Vancouver ID COVRAG OF ALL AIA MARKT outh ast Asia and orthern Asia eattle Vancouver Tanjung Pelepas, Malaysia Hong Kong, China Yantian, China hanghai, China Busan, outh Korea 9 12

54 TRAPACIFIC- AT COAT UA : for the real world

55 TRAPACIFIC- AT COAT UA: AMRICA TBOUD FAT TRAIT TIM FROM OUTH/CTRAL CHIA TO ARK AD AVAAH FRPORT AD AVAAH CALL Link key outh Atlantic and Caribbean markets utilising extensive feeder and rail networks ewark avannah Charleston Miami Freeport hanghai, China ingbo, China Chiwan, China Yantian, China ingapore, ingapore

56 TRAPACIFIC- AT COAT UA: MPIR TBOUD COMPLT COVRAG OF MAI CHIA AD OUTH AT AIA PORT DIRCT CALL TO BALTIMOR Cost effective access to Maryland and Virginia ewark orfolk Baltimore hanghai, China ingbo, China Kaohsiung, Taiwan Chiwan, China Hong Kong, Hong Kong Yantian, China ingapore, ingapore alalah, Oman

57 TRAPACIFIC- AT COAT UA: AMRICA ATBOUD DDICATD RVIC FROM YORK AD OUTH ATLATIC UA TO OUTH AT AIA, TAIA AD CHIA ingapore Kaohsiung hanghai ewark, UA avannah, UA Charleston, UA Miami, UA Freeport, Bahamas

58 TRAPACIFIC- AT COAT UA: MPIR ATBOUD DDICATD ORTH ATLATIC UA TO OUTH AT AIA, CHIA AD OUTH KORA Tanjung Pelepas ingbo Qingdao Busan ewark, UA orfolk, UA Baltimore, UA alalah, Oman Colombo, ri Lanka

59 BUT IT OUR TAM OF 24,000 POPL THAT BRIG IT TO LIF

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