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Northeast Service Moving to New York on October 1
September 24, 2008

Seaboard Marine will be moving its port operations from Penn Terminals in Philadelphia to New York effective with the October 1 sailing of the M/V Vega Nicholas. American Stevedoring, Inc. (ASI), Seaboard's new terminal operator, is already receiving export cargoes on Seaboard's behalf.

Seaboard's vessels will call on ASI's Red Hook terminal in Brooklyn. However, cargoes not only can be delivered and received in Brooklyn but can also be delivered and received at ASI's Port Newark terminal, a unique convenience for our customers in the New York and New Jersey area.

Seaboard's long-standing weekly service to/from the Dominican Republic, Haiti and Jamaica will continue with sailings from Brooklyn every Wednesday.

"We are delighted to have Seaboard Marine, the premier shipping line in the Americas, calling at our 100-acre Red Hook facility," said Sal Catucci, American Stevedoring's CEO. "This is a tremendous boost to our area by offering an efficient and timely service to meet our growing trade with key Caribbean markets such as the Dominican Republic, Haiti and Jamaica."

ASI operates two container facilities in the Port of New York and New Jersey. Since 1993, ASI has leased the Red Hook terminal in Brooklyn that features four active container cranes and two major bulk handling yards. ASI recently extended its Red Hook lease for an additional ten years.

At Port Newark, ASI operates a 20-acre container/barge handling facility which provides excellent direct access to a vast rail and highway network. Linked by a cross-harbor barge, this Elizabeth facility allows shippers to receive or deliver their cargo in either Brooklyn or Newark, cutting costs and maximizing transportation logistics.

Edward Gonzalez, President and CEO of Seaboard Marine, said, "We look forward to establishing a productive relationship with American Stevedoring. The convenience and personalized service at the family-run Redhook facility should benefit our customers greatly and provide a platform to further grow and develop our Caribbean trade lanes."

For more information, please call Seaboard Marine's Clark, New Jersey office at 732-574-3555.