Asia to Papua New Guinea & Solomon Islands – Rate Restoration

30th June 2012


Asia to Papua New Guinea & Solomon Islands – Rate Restoration


Dear Valued Customers,

A prolonged period of decline in ocean freight rates set against a backdrop of escalating
operating costs has forced Swire Shipping to announce the implementation of a rate
restoration programme in order to retain our existing frequency and port coverage.

Swire Shipping is committed to maintain our high level of service from Asia to the Papua
New Guinea and Solomon Islands markets. We currently operate 15 multipurpose
vessels in this system and provide excellent cargo flexibility with unparalleled direct port
coverage delivering 6 vessels per month into the region.

This rate restoration programme will help to provide greater sustainability and reliability
for these direct services from Asia to Papua New Guinea and the Solomon Islands
regions. The increase will be added to existing base ocean freight rates effective for all
cargoes loading in Asia with a Bill of Lading date on or after 1st August 2012.

Asia (including India) to Papua New Guinea and the Solomon Islands.
20’ FCL: US$ 250
40’ FCL: US$ 500
Break-bulk: US$ 15.00 per revenue ton

We appreciate your continued support for our business. For further information please
do not hesitate to contact our local Sales Representatives.

Yours sincerely

Trade Management
Swire Shipping