Investor Presentaiton

Three alliances controlling about 80% of global container fleet capacity Shipping line Maersk MSC CMA CGM China Shipping MÆRSK CMA CGM | 中国海运 CHINA SHIPPING Alliance/ Vessel sharing agreement (VSA) P3 (denied) 2M April 2017 2M UASG NYK OOCL (acquisition ongoing) Hapag-Lloyd APL MOL Hyundai Ocean Three China Shipping/UASC UASC NYKLINE OOCL Grand Alliance Hapag-Lloyd APL MOL Gosco China Cosco Shipping K-Line Yang Ming Ocean Network Express Ha Evergreen Hamburg Sud Total: 17 (9 after further consolidations) HMM の Koco cosco 中国远洋海运集团有限公司 | CHINA COSCO SHIPPING CORPORATION UNITED K "K"LINE AMERICA, INC. MYANG MING YANG MING MARINE TRANSPORT CORP OCEAN NETWORK EXPRESS HANJIN SHIPPING HAMBURG SÜD CARGOTEC Ocean Alliance G6 Alliance New World Alliance CKYH Alliance CKYH Alliance The Alliance Independent The arrows indicate changes, confirmed or planned, through M&A or JV over the last 18 months. Hanjin bankrupt. Hyundai isn't currently officially part of any alliance, but formed a cooperative relationship with 2M. Ocean Network Express (ONE) launch April 2018. COSCO Shipping's planned acquisition of OOCL expected to completed by the end of June Analyse excludes Zim, PIL and Wan Hai Investor presentation Sources: Drewry, Alphaliner, Cargotec November 2021 88

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