Rickmers-Linie, Gavio and Finterminal in partnership at Terminal San Giorgio in Genoa

Rickmers-Linie, the Hamburg based specialist for breakbulk, heavylift and project cargoes, Gavio SpA and Finterminal, a daughter company of the Scerni Group, are joining forces in the port of Genoa. Rickmers-Linie has acquired a 12.5% shareholding in the Terminal San Giorgio (TSG), effective 1 January 2008.

The Terminal San Giorgio is located at the "Ponte Libia" in the western part of the port of Genoa and comprises a total area of 79,550m2 with a quay length of 550m.

Rickmers-Linie vessels are regular callers at the terminal, with sailings of the company's dedicated service to the Middle East and Indian Subcontinent every third week and fortnightly departures to South East Asia and the Far East within the "Round-The-World Pearl String Service".

"We are pleased that the Rickmers Group has joined the other partners of Terminal San Giorgio - Genoa", said P G Raimondi, Chairman of TSG. "Rickmers-Linie has been our most important supporter since the beginning of our operations. We are sure we will be able to meet Rickmers' requirements as the line expands its worldwide services calling at the port of Genoa."

Jan B Steffens, President & CEO of Rickmers-Linie, added:

"We are very satisfied with this intensified cooperation in Genoa. Together with our partners, we are now able to develop and offer value added services to our customers at TSG."

"We are now holding shares in all three of the terminals in Europe we serve on a regular basis. We have thus secured for ourselves, and even more importantly for our customers, access to handling capacity in these ports for the cargoes carried on our vessels."

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More information about Rickmers-Linie is available at www.rickmers-linie.com.

Information about the manifold activities of Rickmers Group are available at www.rickmers.com.

A downloadable photograph to accompany the press release is available at http://www.dunelmpr.co.uk/Rickmers-photogallery-NEW.html.

"Rickmers is now a shareholder in the Terminal San Giorgio in Genoa. The vessel with the grey hull is Rickmers Doha."

Note to editors:

With more than 170 years to its name, Rickmers-Linie, based in Hamburg, Germany is one of the world's leading specialists in the global transportation of breakbulk, heavylift and project cargo by sea. The company belongs to Rickmers Group, which offers diversified activities in the fields of liner shipping, shipowning and shipmanagement, investments and real estate as well as maritime related services. More information about Rickmers-Linie is available at www.rickmers-linie.com. Information about the manifold activities of Rickmers Group are available at www.rickmers.com.