RATE INCREASE / BAF INCREASE EX N E ASIA TO AUSTRALIA

Dear valued clients

K Line wish to make the following 2 announcements:

1) Southbound rate restoration

Effective 15th April 2012, rates ex China / Hk / Taiwan / Korea to Australia will increase.

Rates will increase by: USD$ 300/20' USD$ 600/40'

2) Revision of Baf ex N E Asia to Australia

The baf ex China / Hk / Taiwan / Korea to Australia will increase.

The increases as follows:

10/3/12: USD$ 675/20' USD$ 1350/40'

31/3/12: USD$ 700/20' USD$ 1400/40'

Please contact our sales team should you have any concerns.

Loch M Fraser Logistics Pty Ltd