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Issue 103, February 2012 1 e0. In Unity, We Link the Globe. A Publication of CWT Globelink Group CONTENTS Feature Story Globelink Opens in Bulgaria - CWT Globelink Strengthens its Black Sea Services Globelink s New Lisbon Office - Globelink Portugal Expands Globelink s New Mersin Office - Globelink Turkey Adds New Branch Notices Notices by Globelink Offices - Globelink Uniexco Staff Contact List Industry News - NYK Diversified and Seeks NVOCC Solution to Escape Box Shipping Volatility Others - World Holidays in February 2012 - Inspiring Quote

2 FEATURE STORY Globelink Opens in Bulgaria CWT Globelink Strengthens its Black Sea Services CWT Globelink has opened a new office in Bulgaria, strengthening the services offered in the Black Sea region and complementing the existing Romania, Slovenia and Croatia Globelink offices in Eastern Europe. Sharing borders with Greece, Macedonia, Romania, Serbia and Turkey, Bulgaria is the largest producer of perfumery essential oils such as lavender and rose oil. Major industries include the extraction of metals and minerals, production of chemicals, machinery and vehicle components, petroleum refinement and steel. The Capital of Sofia and the surrounding Yugozapaden planning region is the richest and most developed region of the country. Many major universities, cultural institutions and businesses of Bulgaria are concentrated in Sofia, the country s economic heart. Bulgaria s developing infrastructure and strategic geographical location made Sofia a major hub for international railway, land and sea transport. Located near the Turkish Straits, Sofia controls the key routes from Europe to Middle East and Asia.

3 The Port of Varna is Bulgaria s largest container gateway with excellent road and rail access and is one of the important gateways into Central and Eastern Europe. Varn The port has modern facilties that operates year-round and is a suitable gateway into countries like Macedonia, Albania, Kosovo and certain parts of Serbia. Sofia Similarly, Bulgaria is also a export gateway to America (via Hamburg), Africa and Middle East (via Istanbul) and Far East (via Singapore). Services Offered by Globelink Bulgaria Export & Import LCL Consolidation FCL Services Road Freight Air Freight Customs Brokerage DDP and DDU Services Storage and Distribution Cargo Insurance Labeling For more information and enquiries, please contact Globelink Bulgaria at:- Sofia Office Address: Globelink Bulgaria EOOD Sofia 1000 14 Tzar Osvoboditel Blvd, Floor 2 Sofia, Bulgaria Tel: +359 52681072/81 Fax: +359 52681070 Varna Office Address: Globelink Bulgaria EOOD Varna 9000 10 Devnya Str Floor 4, Office 10 Varna, Bulgaria Tel: +359 52681072/81 Fax: +359 52681070

4 Key Contact List Name Position E-mail Ben Lim Managing Director benlim@globelink-bulgaria.com Ivailo Nestorov Manager ivailo@globelink-bulgaria.com Illiana Petrova Customer Service iliana@globelink-bulgaria.com Dimitar Gotsev CFS Operator dimitar@globelink-bulgaria.com CWT Globelink Group has a presence of more than 100 offices in 25 countries. Globelink operates in Australia, Bulgaria, China, Costa Rica, Croatia, Egypt, Guatemala, Hong Kong, India, Indonesia, Korea, Kuwait, Malaysia, Morocco, Pakistan, Portugal, Romania, Singapore, Slovenia, Spain, Sri Lanka, Thailand, Turkey, U.A.E and Vietnam.

5 FEATURE STORY Globelink s New Lisbon Office Globelink Portugal Expands CWT Globelink, one of the largest NVOCC operator in Portugal, is pleased to announce the expansion of our Portugal office with the set up of a new branch office in Lisbon. This strategic expansion will significantly widen our coverage of the important market at the Southern industrial region of Portugal. Lisbon the capital and biggest city in Portugal, is the economic and financial centre of Portugal. The city and its port lie in the Western Iberian Peninsula, between the River Tagus and the Atlantic Ocean. A natural port and located strategically on the world s major trade routes, the Port of Lisbon plays an important role in linking the Mediterranean region with North and Central Europe. Leixoes Porto Lisbon port, the busiest port in the country, is equipped with good infrastucture and transport access which serves as a platform for road, rail and air transport to Portugal and the Spanish hinterland of Galicia and Extremadura, to as far as Madrid. Lisbon Lisbon is one of the most important transshipment hub for the African and South American markets. Currently, Globelink Portugal is the only NVOCC offering its own regular consolidation boxes to Luanda in Angola and Maputo in Mozambique. Lisbon city is also served by the Port of Sines, an open deep-water sea port located on the Atlantic coast, 150km south of Lisbon. These days, the Port of Sines is mainly ultilized by carrier MSC with rail connections to and from dry ports in the central region (Entroncamento), Lisbon area (Bobadela) and the Spanish Western provinces of Extremadura and Andaluzia.

6 Globelink Portugal offers direct export consolidation to Montreal, New York, Santos, Dubai, Singapore and direct import consolidation service from Shanghai, Ningbo, Hong Kong, Singapore, Mumbai. In addition, there are twice weekly trucking services connecting Porto and Lisbon with both Barcelona and Valencia. This comprehensive trade lane coverage, operated at Barcelona and Valencia by Globelink Uniexco, serves as efficient and competitive gateways for both import and export traffic of Portugal. The new office at Lisbon also enables Globelink Portugal to start two new services to Luanda in Angola and Maputo in Mozambique. The economic standards of these countries have been increasing steadily and will offer exciting perspectives for the near future. Office Address: GLOBELINK PORTUGAL, LDA. Alameda dos Oceanos, 142-2º F 1990-502 Lisboa, Portugal Tel: +351 218 934080 Fax: +351 218 934089 Key Contact List Name Position E-mail Fernando Veiga General Manager f.veiga@globelinkportugal.com João Luis Marcos Export Manager j.marcos@globelinkportugal.com Alfredo Esteves Export Customer Service a.esteves@globelinkportugal.com Rui Luz Import Manager r.luz@globelinkportugal.com César Rodrigues Import Customer Service c.rodrigues@globelinkportugal.com To find out more about the services offered by Globelink Portugal kindly email: info@globelinkportugal.com

7 FEATURE STORY Globelink s New Mersin Office Globelink Turkey Adds New Branch Since the establishment of Globelink Unimar in Turkey in 2011, there have been considerable efforts to expand our coverage of the Turkish market with a greater presence and this is made possible with the set up of a new branch in Mersin located at the Southeast of Turkey. Izmir Istanbul Bursa Mersin Located on the North-Eastern coast of the Mediterranean Sea, the Port of Mersin is the country s third largest container port. Mersin port plays an important role in the Mediterranean region with connections to more than 100 ports and is a gateway and hub to many Eastern Mediterranean destinations. With its close proximity to markets in the Middle East, North Africa, East and West Europe, CIS and Central Asia, Mersin port will continue to thrive. The port enjoys modern infrastructure and equipment, efficient cargo handling, vast storage areas and is located adjacent to the Mersin Free Zone the first free zone in Turkey, with warehouses, shops, assemblydisassembly, maintenance and engineering workshops, banking and insurance, packing-repacking, labeling and exhibition facilities. Mersin port is also linked by rail and road to Turkey s industrialized cities like Gaziantep, Kayseri, Kahramanmaraş, and Konya and to bordering countries Syria, Iraq and Iran. Headquartered in Istanbul, Globelink Unimar Turkey has other branch offices located at Izmir, Bursa and an office at Ataturk airport to handle airfreight.

8 Office Address: Globelink Unimar Logistics Inc Add : Yeni Mah.,Çakmak Cad.,5309 Sokak,No:8, Mahmut Torun İş Merkezi, Kat:2, Daire:5, Mersin, Turkey Tel : +90 324 2385645-46 Fax : +90 324 2385647 Key Contact List Name Position E-mail Burcu Kocaoglu Branch Manager burcu.kocaoglu@globelink-unimar.com Ekart Ozturk Operations & Documentation ekart.ozturk@globelink-unimar.com Erhan Kayar Couriers To find out more about the services offered by Globelink Mersin office kindly email: mersin@globelink-unimar.com

9 NOTICES Globelink Offices Globelink Uniexco Staff Contact List Globelink Uniexco Spain has been facing problems with email sent to the wrong party, which causes time loss and delays in communication. In order to improve and expedite communications, kindly address all emails and inquiries to the appropriate person in charge only. GLOBELINK UNIEXCO, S.L. (BARCELONA - HEAD OFFICE) Passatge de la Martinica, 2-4 Zona Actividades Logisticas (ZAL-I) 08040 Barcelona (Spain) Tel. +34932687575 Fax +3493199670 (Export Dept.) Fax +34932687525 (Import Dept.) EORI NO : ESB08223042 Joaquin Pueyo Managing Director +34 93 319 13 99 j.pueyo@gl-uniexco.com Silvia Pueyo Director & Office Manager +34 93 268 75 28 s.pueyo@gl-uniexco.com Vicente Martinez Director & Office Manager +34 93 268 75 28 v.martinez@gl-uniexco.com Josep Martinez National Export Manager +34 93 268 75 79 j.martinez@gl-uniexco.com Josep Sobrevias National Import Manager +34 93 269 76 14 j.sobrevias@gl-uniexco.com Francesc Bernades Financial Manager +34 93 268 80 85 f.bernades@gluniexco.com PIC David Gutierrez Maite Castro Jordi Romero David Rosich Dario Rodriguez SEAFREIGHT EXPORT CUSTOMER SERVICE AND PERSONS IN CHARGE FOR THE FOLLOWING TRADE LANES New York, Chicago, Miami, Houston, San Juan PR, West Africa, Montreal, Durban, Cape Town, Auckland, Sydney and Melbourne. Singapore, Port Klang, Hong Kong, Shanghai, Colombo, Nhava Sheva, Chennai, Karachi, Bangkok, Xingang & Pusan. Casablanca, Tunis, La Valetta, Algiers, Alexandria, Limassol, Piraeus, Ashdod/Haifa, Istanbul and Beirut. Veracruz, Altamira, San Jose CR, Guayaquil, Colon, Cartagena, Dubai, Aqaba and Jeddah. San Antonio, Callao, La Guaira, Puerto Cabello, Guatemala City, Buenos Aires, Montevideo, Santos, Paranagua, La Havana, Rio Haina and Rio de Janeiro. TEL. E-MAIL +34 93269 76 10 d.gutierrez@gl-uniexco.com +34 93 269 76 13 m.castro@gl-uniexco.com +34 93 269 76 01 j.romero@gl-uniexco.com +34 93 269 76 12 d.rosich@gl-uniexco.com +34 93 268 75 74 d.rodriguez@gl-uniexco.com PIC Daniel Alonso SEAFREIGHT IMPORT CUSTOMER SERVICE AND PERSONS IN CHARGE FOR THE FOLLOWING TRADE LANES USA, Ningbo, Tunis, Casablanca, Haifa, Veracruz and Callao TEL. E-MAIL +34 93 268 76 08 d.alonso@gl-uniexco.com Jordi Auriol T/s Leixoes/Porto, Shanghai, Singapore and Xingang +34 93 268 75 75 j.auriol@gl-uniexco.com Solanyi Ocampo T/s Lisbon, Shenzhen, Huangpu, Turkey and Dubai +34 93 269 76 05 s.ocampo@gl-uniexco.com Ian Patrick Lledo Alba Torrecillas India, Pusan, Dalian, Colombo, Port Klang, Karachi and Taiwan Hong Kong, Santos, Montreal, Xiamen, Qingdao, Bangkok and Alexandria +34 93 268 75 75 i.lledo@gl-uniexco.com +34 93 268 75 75 a.torrecillas@gl-uniexco.com PIC NOMINATIONS TEL. E-MAIL Felipe Torres LCL Shipping Nominations (Pricing) +34 93 268 75 75 f.torres@gl-uniexco.com Fernando Mena FCL and Air Shipping Assistant Nominations (Pricing) +34 93 268 75 75 f.mena@gl-uniexco.com PIC TEL. E-MAIL Susana Pendino Overseas Accounts +34 93 268 75 75 s.pendino@gl-uniexco.com

10 GLOBELINK UNIEXCO, S.L. (VALENCIA BRANCH OFFICE) Calle Barraca, 5 Bajos 46011 Valencia (Spain) Tel. +34963242410 Fax +34963679070 EORI NO : ESB08223042 Francisco Ripoll Branch Manager +34 96 324 24 11 f.ripoll@gl-uniexco.com Raul Gonzalez Sales Manager +34 96 367 87 54 vlc.sales@gl-uniexco.com Ivan Hernandez Assistant Sales +34 96 324 24 16 i.hernandez@gl-uniexco.com PIC EXPORT DEPARTMENT TEL. E-MAIL Luis Herrero Export Manager +34 96 324 24 13 l.herrero@gl-uniexco.com Tamara Soria Export Operations Dept. +34 96 367 88 75 t.soria@gl-uniexco.com Manuel Notario Export Operations Dept. +34 96 324 24 12 vlc.export@gl-uniexco.com PIC IMPORT DEPARTMENT TEL. E-MAIL Ana I. Poza Import Manager +34 96 324 24 15 a.poza@gl-uniexco.com Celia Tejeda Import Operations Dept. +34 96 324 24 14 c.tejeda@gl-uniexco.com PIC TEL. E-MAIL Manuel Juan Accounts +34 96 324 24 10 vlc.acts@gl-uniexco.com GLOBELINK UNIEXCO, S.L. (MADRID BRANCH OFFICE) Calle Alcarria, 7 1 Of. 5 Edificio Roncesvalles 28823 Coslada (Madrid) Tel. +34916693534 Fax +34916692221 EORI NO : ESB08223042 Mario Fernandez Branch Manager +34 91 669 35 34 m.fernandez@gl-uniexco.com Ricardo Sanchez Traffic Manager +34 91 669 35 34 r.sanchez@gl-uniexco.com Amaya Lopez Import Customer Service +34 91 669 35 34 a.lopez@gl-uniexco.com Diego Garcia Export Customer Service +34 91 669 35 34 d.garcia@gl-uniexco.com GLOBELINK UNIEXCO, S.L. (BILBAO BRANCH OFFICE) Recinto Aparcabisa Nave 2 Portal 3 1ª 45510 Valle de Trapaga, Vizcaya (Spain) Tel. +34944242144 Fax +34944235045 EORI NO : ESB08223042 Juan Gutierrez Branch Manager +34 94 424 21 44 j.gutierrez@gl-uniexco.com Ainhoa Mateos Seafreight Manager +34 94 424 21 44 a.mateos@gl-uniexco.com Naiara Simon Import Customer Service +34 94 424 21 44 n.simon@gl-uniexco.com Patricia Naveda Export Customer Service +34 94 424 21 44 p.naveda@gl-uniexco.com

11 INDUSTRY NEWS NYK Diversified and Seeks NVOCC Solution to Escape Box Shipping Volatility With rates falling and prospects dimming of success in traditional ocean container shipping, Japan's No. 2 container line is diversifying and planning major NVOCC (non vessel operating common carrier) activity to grow its container business in China. Keizo Nagai, NYK corporate officer and chief representative in China, told The Container Shipping Manager that his company wanted to thrive in the container shipping business, but would so in new ways - and scoop up any other transport business that came its way. The key to the change is NYK's new logistics arm, Yusen Logistics, which has set itself extraordinary goals to double throughput to stay ahead of expected declines in container ocean shipping. Asked about NYK's high logistics goals, Mr. Nagai, who also serves as chairman of NYK Logistics in China, said: "Yes, one million TEU by 2015." But the operational difference, he explained, is that the new logistics set up extends into all aspects of freight movement, air, sea and road. "NYK Logistics is fully oriented into the air cargo business, but next April, NYK logistics - Yusen Logistics [merged into one] - are to become a forwarding company. They will act as a forwarder," said Mr. Nagai, whose role as chairman of NYK Logistics, has now taken on a more serious role in overall corporate strategy. Another factor is NYK's new "asset light" philosophy, which places less emphasis on owning ships and equipment. While this may weaken its standing on the shipping league tables, it leaves the company less vulnerable when ships must be laid up. Instead, NYK can download such task's expenses on charterers or charter bigger ships when needed and unload them when not. Accompanying the defensive "light asset" strategy is the company's more aggressive "More Than Shipping" scheme, proclaimed by NYK chief executive Yasumi Kudo. "This means," said Mr. Nagai, "we are the shipping company that expands into other services. What shall I say? 'Shipping Plus Alpha!'" Operating on a narrower focus, but a more profitable one, Mr. Nagai said it would be more like trucking, his earlier specialty. "Customers not so many, but very close - a much closer society. Many shipping companies build bigger and bigger vessels. That's why there is over supply. That's why NYK changed its policy. We don't follow the shipbuilding [route]. We don't have plans to make the more than 10,000-TEU vessels. We charter such kinds of vessels. We have a light-asset policy." - Source: CSM - The Container Shipping Manager

12 OTHERS Egypt 04 Feb Birth of the Prophet Morocco 04 Feb Aid al-mawlid (Birth of Prophet) India 04 Feb Milad-un-Nabi (Birth of Prophet Muhammad) 20 Feb Maha Shivratri Indonesia 04 Feb Mouloud (Birth of the Prophet) Kuwait 04 Feb Mouloud 25 Feb National Day 26 Feb Liberation Day Malaysia 01 Feb Federal Territory Day 05 Feb Mawlid al-nabi (Birth of Prophet Muhammad) Pakistan 05 Feb Kashmir Day 05 Feb Eid Milad un-nabi Slovenia 08 Feb Preseren Day Sri Lanka 04 Feb National Day 05 Feb Milad-Un-Nabi (Holy Prophet s Birthday) 07 Feb Nawam Full Moon Poya Day 20 Feb Maha Sivarathri Day UAE 05 Feb Mouloud

13 INSPIRING QUOTE CWT Globelink started in 1988 in Singapore. It has now expanded to more than 100 offices in over 25 countries, providing comprehensive and high quality consolidation services to our valued customers. CWT Globelink s presence includes Australia, Bulgaria, China, Costa Rica, Croatia, Egypt, Guatemala, Hong Kong, India, Indonesia, Kuwait, Malaysia, Morocco, Pakistan, Portugal, Romania, Singapore, Solvenia, South Korea, Spain, Sri Lanka, Thailand, Turkey, UAE and Vietnam. Together with key members of its agency network, Globelink formed the Global Consolidator Alliance (GCA) to provide comprehensive and seamless global coverage to its valued customers. For more information about the CWT Globelink Group, please refer to our website: www.cwt-globelink.com or contact: newsletter@cwt-globelink.com CWT Globelink Pte Ltd If you have anything that you would like to share in our newsletter, please send your contributions to: newsletter@cwt-globelink.com All Rights Reserved. While every effort has been made to ensure the accuracy of the information in this newsletter, no liability can be accepted for errors, omissions or inaccuracies of any kind. CWT Globelink would be pleased to receive amendments and other appropriate information for possible inclusion. - End -