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NEWS BULLETIN
Tuesday, July 29, 2014

Evergreen Line making changes
to service covering Ireland/England

Georgia Ports Authority releases
cargo totals for fiscal year 2014

Coast Guard Cutter MELON
returns from Bering Sea duty

Port of Seattle reports
June container numbers

Diana Shipping Inc. Oks deal
for Diana Containerships stock

Evergreen Line making changes
to service covering Ireland/England

JERSEY CITY — Evergreen Line has announced enhancements to its services to/from Dublin (Ireland) and Liverpool (Northwest England). From its hub in Rotterdam, the line will offer a twice-weekly service to Dublin and dedicated slots on a weekly basis to Liverpool. Evergreen will run its own independent service on a weekly shuttle basis between Rotterdam and Dublin and will also commence a slot exchange arrangement with common carrier X-PRESS feeders on its weekly Dublin service from Rotterdam. As part of the same slot exchange Evergreen will additionally take space on the X-PRESS weekly service to Liverpool, also connecting to deep-sea line-haul service via the line's Rotterdam hub. The Evergreen operated VEGA STOCKHOLM has a capacity of 698 TEU and is due to make the inaugural sailing on the Dublin service from Rotterdam on July 30. The slot arrangement on both X-PRESS services to Dublin and Liverpool will commence in the same week.

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Port of Seattle reports
June container numbers

SEATTLE — The Port of Seattle Marine Terminal Information System reports 104,832 TUEs passed through the Seattle Harbor in June, 2014, a 27.3 percent decline from the 144,182 TEUs reported during the same month last year. Year-to-date, the port has handled 718,879 TEUs, 9.4 percent below the 793,087 TEUs through the port during the first six months of 2013.

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Georgia Ports Authority releases
cargo totals for fiscal year 2014

SAVANNAH, GA — The Georgia Ports Authority moved more than 29 million tons of cargo, three million twenty-foot equivalent container units (TEUs) and more than 700,000 auto and machinery units in Fiscal Year 2014. The Port of Savannah handled a record 3.14 million TEUs in FY14, up by 6.3 percent or 186,567 TEUs compared to the previous year. It was the first time for the port to move more than three million TEUs in a fiscal year. The added volume contributed to a record year in total tonnage. In the 12 months ending June 30, GPA moved 29.4 million tons of freight, up by eight percent or 2.17 million tons. In roll-on/roll-off cargo, the Port of Brunswick’s dedicated auto and machinery terminal moved 674,327 units in FY14. Savannah’s Ocean Terminal added another 26,375 for a record total of 700,702 units. GPA Ro/Ro cargo improved by 63,760 units or 10 percent on the year. Breakbulk cargo saw a gain of 5.2 percent in FY14, growing by 129,861 tons to reach 2.63 million tons. Meanwhile, bulk cargo expanded by 8.4 percent, or 212,086 tons, to reach 2.73 million tons of agricultural and other bulk goods moved across GPA docks.

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Diana Shipping Inc. Oks deal
for Diana Containerships stock

ATHENS — Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has entered into an agreement to purchase shares of the common stock of Diana Containerships Inc. for an aggregate purchase price of US$40 million. Concurrently with the company's investment, two institutional investors not affiliated with the company or Diana Containerships together purchased US$40 million of common shares, and Simeon Palios, chairman and chief executive officer of the company and Diana Containerships, and a member of his family, along with other members of the Diana Containership's senior management, purchased an aggregate of $12 million of common shares. The transaction is subject to customary closing conditions and is expected to close on or prior to July 29, 2014. The company's investment was approved by a committee of the independent members of its board of directors. The committee was advised by Global
Hunter Securities LLC in connection with the transaction.

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Coast Guard Cutter MELON
returns from Bering Sea duty

SEATTLE — A local Coast Guard crew returned to its Seattle homeport Monday after an 86-day patrol of the Bering Sea that covered nearly 15,000 miles conducting search and rescue and fisheries enforcement operations. The more than 160-person crew of the MELLON left Seattle May 10 to conduct missions throughout the Gulf of Alaska and the Bering Sea. Those efforts included 41 law enforcement boardings and more than 100 hours aboard commercial fishing vessels. The crew of MELLON will participate in the Parade of Ships taking place in Elliott Bay, Wednesday, starting at approximately 1:45 p.m. The cutter will be open for public tours on Pier 90 Thursday, Saturday and Sunday. A schedule of events can be found at www.seafair.com. The Seattle visit offers the public an opportunity to tour the cutter and meet Coast Guardsmen as they showcase the ship’s capabilities and give the public a behind-the-scenes look at military life aboard the vessel. It also gives citizens a chance to gain a better understanding of how the sea service supports the maritime strategy and national defense of the United States. MELLON is commanded by Capt. Jose L. Jimenez. High endurance cutters like MELLON are built for extended offshore patrols including operations requiring enhanced communications, and helicopter and pursuit boat operations.

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