Daniele TestiResponsabile Marketing Gruppo Contship Italia

Gorizia, 9 Marzo 2010

Cecilia Eckelmann BattistelloContship Italia Group Chairman

WE STRIVE FOR EXCELLENCE,

creating value for

our CUSTOMERS, our EMPLOYEES,

our SUPPLIERS

and the LOCALITIES in which we work

1969 Angelo Ravano founded Contship Sa.The first liner service is operated from Fos Sur Mer to Casablanca.

OUR MILESTONES

‘71 Container Terminal operations commence in La Spezia. It is the first Italian private container terminal.

’77-’86 Contship operates the first ever liner service from Europe to India and establish Eagle Container Line and Ocean Star Line.

’87-’90 Operations commence at La Spezia Container Terminal and Salerno Container Terminal. 40 YEARS OF CONTSHIP

1987 – Gioia Tauro

‘90 SOGEMAR is merged with Intermodale Italia.

’95 Operations commence at Medcenter Container Terminal in Gioia Tauro.

’97-’99 Contship Containerlines business is sold to CP Ships. Eurokai becomes the new shareholder of Contship Group.

’01-’03 Terminal Darsena Toscana in Livorno, Terminal Container Ravenna and Cagliari International Container Terminal join the terminals network in Italy.

’08 Operations commence at Tanger.

83%83% 17%17%

MARINE CONTAINER TERMINALS

INTERMODAL & INLAND TERMINALS

OTHER CONTAINER LOGISTIC VALUE ADDED SERVICES

2009 TURNOVER: 294,000,000 €(consolidated by the holding)

GROUP EMPLOYEES (31/12/09): 2,500

INTERMODAL TRANSPORTED (UNITS) 130,000

INLAND TERMINAL THROUGHPUT (TEU) 161,500

NUMBER OF TRAINS 3,500

MARINE TERMINAL VOLUMES (TEU) 5,140,000

CONTAINER HANDLED (UNIT) 2,100,000

NUMBER OF OPERATED VESSELS 4,900

EUROGATE TERMINALS CONTSHIP ITALIA TERMINALS

LISBON

TANGIER

HAMBURG BREMERHAVEN

LA SPEZIA RAVENNA

CAGLIARI GIOIA TAURO

SALERNO

LIVORNO

UST LUGA

PANEUROPEAN CONTAINER TERMINALS

2,900,000 TEUS

850,000 TEUS

690,000 TEUS

450,000 TEUS

TERMINA CONTAINER RAVENNA

180,000 TEUS

Acquisizioni, fusioni , uscite

Number of CARRIERS, since 1995 up to 2009decreased drastically ( 55% from 36 lines to 17)

Offered transport capacity of top ten carriers on 1995was 12% of total capacity. Today top ten lines1areoffering 62 % of total deployed capacity.

Many lines are grouped in ALLIANCES

1995 2000 2005 2010

MSC

Maersk

CMBT

Safmarine

Sea Land

P&O

Nedlloyd

CMA e CGM

ANL

Delmas

Mac Andrews

Evergreen

Lloyd Triestino

Hatsu

NOL

APL

Hyundai

MOL

Consthip

Canada Maritime

Lykes Lines

TMM

Italia di Navigaz.

Hapag Lloyd

NYK

OOCL

Hanjin

DSR

Senator

Libra CSAV

Norasia

Cho Yang

Croazia Line

Uasc

MSC

Maersk

Sea Land

P&O Neddloyd

CMA CGM

ANL

Mac Andrews

Delmas

Evergreen

NOL

APL

Hyundai

MOL

CP Ships

Hapag Lloyd

NYK

OOCL

Hanjin

Senator

Libra CSAV

Norasia

Cosco

China Shipping

Uasc

MSC

Maersk Sealand

P&O Neddloyd

CMA CGM

Delmas

Evergreen

APL

Hyundai

MOL

CP Ships

Hapag Lloyd

NYK

OOCL

Hanjin

Senator

CSAV Norasia

Cosco

China Shipping

Uasc

MSC

Maersk

CMA CGM

Evergreen

APL

Hyundai

MOL

Hapag Lloyd

NYK

OOCL

Hanjin

Cosco

K Line

Yang Ming

Uasc

China Shipping

CSAV Norasia

Partnership

New World Alliance

Grand Alliance

CHKY Alliance

1,505,70

2,60

10,7

0

7,20

17,5

0

13,6

021

,20

21,6

032

,50

30,2

040

,70

1990 1995 2000 2005 2010 2015

• Import/Export• Transhipment

PORT HANDLING MARKET MODEL IN THE MEDITERRANEAN (TEU/MIO)

Port Handling 2008 vs 2009 Port Handling 2008 vs 2009 (estimated)

2008 : Imp/Exp 26 mil teu - T/S 20 mil teu2008 : Imp/Exp 26 mil teu - T/S 20 mil teu2009 : Imp/Exp 22 mil teu - T/S 19 mil teu2009 : Imp/Exp 22 mil teu - T/S 19 mil teu

ForecastForecastActualActual

3 / 5 years

Source: Ocean Shipping Consultants

TWO DIFFERENT MARKETS AND COMPETITIVENESS ARENA

TRANSHIPMENT (VIA HUB) SERVICE

DIRECT (TO GATEWAY) SERVICE

TARANTO

PORT SAIDMALTA

PIREO

CAGLIARI

TANGERI

ALGECIRAS

VALENCIA

TRANSHIPMENT ACTORS

2010-2015

DAMIETTA

GIOIA TAURO

DEVLP PORT SAID

3.500.000 teu

NEW PROJECT

TANGERI

850.000 teu

ENFHIDA

1.300.000 teu

ORAN

350.000 teu

NEW PROJECT

ALGECIRAS HANJIN

1.500.000 teu

PIREO PRIVATISATION

1.000.000 teu

DEVELP DAMIETTA

1.000.000 teu

DESIGNED CAPACITY DEPLOYED ON 2015

ALESSANDRIA DEVELP

420.000 teu

GLI EFFETTI DI DISTORSIONE ALLA COMPETITIVITA‘ NEL MEDITERRANEO

PORT SAID

MALTATANGERI

ALGECIRAS

GIOIA TAURO

NAVE MADRE100 (indice base)

NAVE FEEDER100 (indice base)

NAVE MADRE2 (indice GIT)

NAVE FEEDER6 (indice GIT)

NAVE MADRE7 (indice GIT)

NAVE FEEDER10 (indice GIT)

NAVE MADRE49 (indice GIT)

NAVE FEEDER57 (indice GIT)

NAVE MADRE64 (indice GIT)

NAVE FEEDER90 (indice GIT)

PARAGONE TASSA DI ANCORAGGIO SINGOLO SCALO TRA PORTI HUB

GLI EFFETTI DI DISTORSIONE ALLA COMPETITIVITA‘ NEL MEDITERRANEO

EGITTO

MAROCCO

ITALIA

OPERAIO22,1 €

IMPIEGATO22,9 €

OPERAIO1,9 €

IMPIEGATO10,1 €

OPERAIO3,1 €

IMPIEGATO7,1 €

PARAGONE COSTO DEL LAVORO ORARIO

CONCLUSIONI

A MEDIO – LUNGO TERMINE

UN FRAMEWORK DI RILANCIO ALL’INTERNO DEL QUALE SOGGETTI

PUBBLICI E PRIVATI POSSANO IMPOSTARE LE PROPRIE STRATEGIE

ED I PROPRI INVESTIMENTI DI RISCHIO PER COMPETERE IN UN

MERCATO, IL MEDITERRANEO, ATIPICO PER ATTORI, DIMENSIONI E

CARATTERISTICHE DELLA DOMANDA

A BREVE TERMINE

UNA SERIE DI PROVVEDIMENTI ED AZIONI VOLTI A SOSTENERE

L’INDUSTRAI PORTUALE E I CLIENTI, LE LINEE PER SUPERARE I

PROSSIMI 3/5 ANNI IN ATTESA DI UNA RIPRESA DELLA CRESCITA CON

TASSI SOSTENIBILI RISPETTO AL LIVELLO DI INVESTIMENTI

NECESSARI

CONCLUSIONI – AZIONI DI SOSTEGNO

DEFISCALIZZAZIONE ONERI SOCIALI (RIEQUILIBRIO EFFETTO DISTORSIONE COSTO DEL LAVORO)

RIDUZIONE ACCISE COSTO ENERGIA E CARBURANTI (RIEQUILIBRIO COSTO SERVIZIO)

DIMINUZIONE TASSE DI ANCORAGGIO(RIEQUILIBRIO COMPETITIVO PORTI HUB ITALIANI)

CONCLUSIONI – AZIONI DI SOSTEGNO

FERRO BONUS (RIEQUILIBRIO MODALITA’ TRASPORTO)

MINORE BUROCRAZIA (VELOCIZZAZIONE FLUSSI VERSO INLAND)

MINORI COSTI TECNICI NAUTICI (MAGGIOR COMPETITIVITA’ SUL COSTO TOTALE PORTUALE)

some of 25,000 PORTO LAB students