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NEWS BULLETIN
Thursday, April 17, 2014

Hapag-Lloyd inks binding contract
to merge CSAV container business

Port of Los Angeles releases
March containerized cargo tally

Coast Guard suspends search
for crewmember reported overboard

Grays Harbor Port Commission
eyes adding recreation areas

Red Arrow Logistics taps Bradham
as Global Markets vice president

Hapag-Lloyd inks binding contract
to merge CSAV container business

HAMBURG — Hapag-Lloyd AG and Compañía Sud Americana de Vapores (CSAV) have signed a binding contract on merging CSAV’s entire container business with Hapag-Lloyd, subject to the necessary approvals. Following the integration, the new Hapag-Lloyd will rank among the four largest liner shipping companies in the world, with some 200 vessels with total transport capacity of around one million TEU, an annual transport volume of 7.5 million TEU and a combined turnover of nine billion Euro. The company’s head office will remain in Hamburg. In addition, Hapag-Lloyd will have a regional office in Chile for its Latin America business. In return for contributing its container business, CSAV will become a new Hapag-Lloyd core shareholder besides HGV (City of Hamburg) and Kühne Maritime. CSAV will initially hold a 30 percent stake in the combined entity.

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Grays Harbor Port Commission
eyes adding recreation areas

ABERDEEN, WA — At their April meeting, the Port of Grays Harbor Commission listened to a request by the organization that owns and operates recreation areas, Friends Landing and Sterling Landing, that the commission consider incorporating the facilities into the port’s property portfolio. Port Commission President Stan Pinnick requested staff to investigate the properties, review amenities and improvements associated with the sites, analyze the financial implications of the property transfer and report back to the commissioners at their May meeting. Friend’s Landing offers 152 acres of handicap accessible recreation opportunities on the Chehalis River including hiking, fishing, camping and bird watching just outside of Montesano. The site features a 32 acre man-made lake, 1.7 miles of paved trail, a handicap accessible boat launch on the Chehalis River, and RV and tent camping facilities with full hook-up sites. Sterling Landing is an undeveloped 30-acre site with a gravel boat launch located on the Wynoochee River outside of Montesano. Port staff will be conducting its due diligence on both of the properties and the many public assets they have to offer. Staff is expected to make a presentation of its initial findings at the May 13 commission meeting.

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Port of Los Angeles releases
March containerized cargo tally

SAN PREDRO, CA — The Port of Los Angeles has released its March 2014 containerized cargo volumes. In March 2014, overall volumes increased 34 percent compared to March 2013. In part, this increase may reflect the timing of multi-week Chinese New Year factory closures, which occurred in Asia on January 31 (Chinese New Year varies from year to year; last year it fell on February 10, 2013. Next year it will fall on February 18, 2015.). Container imports rose 42 percent, from 231,397 TEUs in March 2013 to 327,497 TEUs in March 2014. Exports rose 21 percent, from 154,428 TEUs in March 2013 to 187,826 TEUs in March 2014. Combined, total loaded imports and exports increased 34 percent, from 385,825 TEUs in March 2013 to 515,323 TEUs in March 2014. Factoring in empties, which increased 36 percent year over year, overall March 2014 volumes (675,274 TEUs) jumped 34 percent compared to March 2013 (503,168 TEUs). Current and past data container counts for the Port of Los Angeles may be found at: http://www.portoflosangeles.org/maritime/stats.asp

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Red Arrow Logistics taps Bradham
as Global Markets vice president

ISSAQUAH, WA — Red Arrow Logistics has named Garrett Bradham as VP Global Markets. With experience in inventory management, process improvement, sourcing and project management, Mr. Garrett has supply chain consulting experience with clients in industries such as manufacturing, retail, travel and hospitality. Most recently a global sourcing manager for InterContinental Hotels Group, Mr. Garrett was responsible for the exploration of international sourcing solutions to save operating costs and improve process efficiencies. Fluent in English, Russian and Italian, he has lived and traveled throughout Europe and Asia. With over 3,500 regional and national contracted carriers in the U.S. and air and ocean services in 185 countries worldwide, Red Arrow's primary services are in the areas of freight transportation, freight forwarding and warehousing and distribution services.

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Coast Guard suspends search
for crewmember reported overboard

HONOLULU — The Coast Guard suspended the search Wednesday for a Japanese crewmember reported overboard from the ro/ro ship HERCULES HIGHWAY, approximately 805 miles northeast of Oahu. Watchstanders at the Coast Guard Joint Rescue Coordination Center were notified at approximately 8:23 a.m., Monday regarding the 23-year-old male who was reported overboard from the ship. The crewmember was last seen at approximately 7 p.m., Sunday. As part of the AMVER program, the motor vessel's ST. ANDREWS, ANNE GRET and the UACC MASAFI assisted the HERCULES HIGHWAY in the search for the crewmember. Approximately 2,255 square miles were searched.

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