Editorial No. 01 / 2008 - page 3

Our new FMS service provides an additional link between the Far and Middle East, thereby connecting two strong-growth markets. This service is an excellent way of reacting to the latest market developments and of matching additional shipping capacity with cargo volumes. Furthermore, the new FMS is among the fastest in the market when it comes to transit times, and (by adding the FMS to the already existing link through our AEC service) we can offer increased capacity on this high-demand route.

The new CNX service, with its connection between Hong Kong and Northern Europe, is strengthening our position in the South China-North West Continent trade, and we can adjust our shipping capacity to the growing cargo volumes in this trade. At the same time, it is offering our customers additional port coverage within the growing Asia-Northern Europe trade.

These two new services are only one example of the way we have successfully realised our “achievable goals”, which are essential for success in business overall: the goals of offering the greatest possible flexibility, port coverage and networks, of reducing transit times wherever possible, of reacting to new market developments, and of adding capacity wherever necessary and possible.

We believe this focus meets the challenges of globalisation in the shipping industry and contributes to our customers’ own business success, by providing the interconnectedness which companies need in the competition we see today. So let us continue to enjoy what we have and where we are, what we can offer you and what you are, while pursuing achievable goals, in order to set a firm course for success.

We wish you a successful and happy New Year 2008!

Best regards,

Hans-Hermann Mohr

CEO