Date: Thursday, April 3, 2008

Re:	Panama Canal Charge – Latin America

Received below from Hapag Lloyd:

Effective May 1, 2008, the Panama Canal Charge on Northbound Latin America lane will increase as follows:

Current :  $195 / 20';  $390 / 40'

Increase:   $206 / 20';  $412 / 40'

Note that this PCC level is only applicable from Latin America to all destinations.   

The PCC level from North America to Latin America, as advised previously, will be usd260/cntr beginning May 1st, 2008.