New technology being tested for suitability in global freight transport
Test phase starts with partners in Hong Kong and Hamburg
Port of Hamburg Schenker put into service ten containers equipped with RFID (Radio Frequency Identification) technology. The official commissioning of the new equipment took place in the presence of customers and industrial partners from the Port. This is the first step in a practical test to examine the suitability of new security technology for global freight transport. The new containers will be used in a shuttle service between Hamburg and Hong Kong.

-12-Year Charters Arranged with CSCL Asia
- Company Also has Uncommitted Option for Four Additional 2500 TEU Vessels
Seaspan Corporation announced that it exercised its option to build four 2500 TEU vessels at Jiangsu Yangzijiang Shipbuilding ("YZJ") in China. This option was part of the February transaction with YZJ that included the firm order of four 2500 vessels and options to build eight more at the same price. These new orders will increase the company's total fleet to 33 vessels when the vessels are delivered between May and August 2009. The total delivered cost is expected to be approximately $44.7 million per vessel, subject to certain pre-delivery expenses remaining at budgeted levels.