Potential ILA Work Stoppage on US East and Gulf Coasts

Dear OOCL Valued Customer:

We want to keep you informed about the contract negotiations taking place between the ILA (representing the Union) and the USMX (representing the employers), aided by Federal Mediators. The Master Contract, which governs labor agreements for port operations from Maine to Texas, expired on September 30th. The Contract was extended to December 29th and while some progress has been made, the negotiations have stalled and were broken off earlier this week.

In the event that an agreement cannot be reached by December 29th and a strike occurs, OOCL wants to assure you that we will do everything possible to minimize disruptions and keep you constantly informed about changes in vessel schedules, cargo location, and terminal status.

For your convenience we will regularly post the latest pertinent information on the local news section of OOCL.com http://www.oocl.com/usa/eng/Pages/default.aspx.

In the meantime if you have any specific questions, your local sales or customer service representative will be happy to be of assistance.

We thank you for your business.