Dear Valued Customers,

Please take notice of the below pasted customer advisory issued by Ship Owner, Hapag Lloyd, in connection with the Yantian Express v. 108E incident.

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As you would be aware, MV “Yantian Express” suffered a major fire that has resulted in both the vessel and a proportion of the cargo becoming either fire- or water damaged.

Hapag-Lloyd AG has engaged salvors SMIT Salvage Americas, LLC under a Lloyds Open Form contract (LOF). On termination of the services under the LOF, the Salvors are entitled to retain the cargo until salvage security is provided.

In order to expedite the collection of salvage security and to facilitate on-carriage of cargo to destination, Salvors have now set an early security demand, as attached. Further you will find an up-date on the General Average security demand.

The vessel is actually at a yard in Freeport, Bahamas designated exclusively to receive the distressed containers/cargo. The reason for that are security, health, safety and environmental considerations.

The Port Authority is monitoring the preparation of the site and is yet to give their final approval to start discharge operations, which is expected to be received in the next few days.

We are in close contact with the local authorities to be able to start discharging of the distressed containers soonest. We hope to receive permission to commence this operation shortly and based on the information currently available, we expect the discharge to take approximate two months.

With respect to containers and cargoes which are considered unaffected by the fire incident, and are in a dry and sound condition, we are currently exploring the options and shall advise further on this aspect as soon as feasible.

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We regret the inconvenience caused by the incident. Should you have any questions, please contact Yang Ming local offices or your sales representatives.

For North America customers, please contact:

Brad Cunningham: bradcunningham@us.yangming.com

Lisa Hay: lisahay@us.yangming.com

Thanks and Regards,

Yang Ming Marine Transport Corporation