Crowley Concludes the Sale of its South America Services to Hamburg Sud

(Jacksonville, FL; January 5, 2000) Crowley Maritime Corporation yesterday successfully concluded the sale of its South America liner services to Hamburg Sud.

Crowleys business activities in Puerto Rico, the Caribbean, Central America, Mexico, the Dominican Republic, Jamaica, Colombia and Venezuela are now officially being operated under the name Crowley Liner Services, Inc.

All other South America services previously owned by Crowley are now officially under the control of Hamburg Sud, which is operating the services under the name Crowley American Transport.

Crowley Liner Services Puerto Rico/Caribbean division, managed by Senior Vice President and General Manager John Douglass, is providing service between Canada, the United States and Puerto Rico, Antigua, Anguilla, the Bahamas, Barbados, Montserrat, Nevis, Saba, St. Barts, St. Croix, St. Eustatius, St. John, St. Kitts, St. Lucia, St. Maarten, St. Thomas, St. Vincent, Tortola, Trinidad and Virgin Gorda.

Crowley Liner Services Latin America division, managed by Senior Vice President and General Manager Rinus Schepen, is providing service between the United States and Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Jamaica, Mexico, Nicaragua, Panama, Colombia and Venezuela.

Our new Puerto Rico/Caribbean and Latin America business units will be more autonomous and offer customers faster response and flexibility through a decentralized organizational structure, said Tom Crowley, Jr., Chairman, President and CEO of Crowley Maritime Corporation, parent company of Crowley Liner Services.

Each unit has its own sales, marketing, customer service and booking & rates teams. Each also manages its own operations, and pricing, yield management and financial analysis functions.

We look forward to continuing our tradition of service innovation, growth and reinvestment in the services for the benefit of our customers, Crowley said.

Headquartered in Jacksonville, Fla., Crowley Liner Services provides cargo common carrier services between Canada, the United States, and Puerto Rico, the Caribbean, Central America, Mexico, the Dominican Republic, Jamaica, Venezuela and Colombia. The company is a wholly owned subsidiary of Oakland-based Crowley Maritime Corp., founded in 1892.