Auckland, 18 November 2008

Ref : Sofrana Tourville

Dear valued clients,

Our last announcement was about the delay the Sofrana Magellan encountered with her dry dock.

As promised, our customer service teams have been in contact with you and tailored solutions have been implemented so that your pre-Christmas bookings can reach all South Pacific destinations in time. We thank you for your patience and loyalty.

In the meantime, we have also worked at perpetuating the schedule integrity we have all grown accustomed to. After having carefully weighed up a variety of options, we have decided to inject new blood into our fleet. Very shortly, the Sofrana Tourville will be introduced as a replacement to Sofrana Magellan.

We will take delivery of the Sofrana Tourville in Port Moresby on 4th December 2008 and she will perform the rotation 124 Southbound.

Built in Japan in 1995, Sofrana Tourville is a robust and reliable container vessel. Her deadweight is 10,740T and she has a nominal capacity of 844 teus with 100 reefer plugs. Capable of a 17.5kn speed, she is faster than the Magellan but will be operated at the current economical speed. Sofrana Tourville is equipped with 2 cranes of 40T capacity.

In these times of economic uncertainty, we are confident that Sofrana Surville and Sofrana Tourville will prove to be reliable assets on our WestPac service, thus enabling you to trade with confidence within the South Pacific markets.

Yours sincerely,

Benoît Marcenac

Managing Director