Service to begin Mid-March 2006

Evergreen Marine Corp. and COSCO (China Ocean Shipping Company) will launch a new China-US East Coast/Gulf all-water container service to provide additional capacity for shipping customers in the coming peak shipping season.

The new service, named CUE, will have the following port rotation: Shanghai - Yantian - Hong Kong - Colon - Savannah - Miami - Colon - Shanghai. Service will start in mid-March 2006.

Evergreen plans to provide additional service to South America using the service through connections to its North-South Americas shipping network from a dedicated terminal in Colon.

Vessel deployment on the CUE service will consist of nine 2,700 TEU vessels. Five will be operated by Evergreen, and four will be operated by COSCO.