K LINE REVISES BAF EX N E ASIA TO AUSTRALIA / K LINE ANNOUNCES RATE RESTORATION EX S E ASIA

Dear valued clients

K Line wishes to announce the following:

1)Southbound rate restoration ex S E Asia to Australia:

Effective 1st August 2011, K Line will be implementing a rate restoration ex Singapore / Malaysia / Indonesia / Phillipines / Thailand / Vietnam to Australia.

The increase will be: USD$300/20' USD$600/40'

2) Revision of bunker surcharge

Effective the 30th July 2011, K Line will reduce their baf from China / Hong Kong / Taiwan / Korea to Australia.

The new baf will be: USD$600/20' USD$1200/40'

Yours faithfully

Loch M Fraser Logistics Pty Ltd