U-Ocean Adds Oceanfreight Consolidation Services from USA to Markets in South-East Asia

Hong Kong, China, February 06, 2008 --(PR.com)-- Mr Terence Tsang, Senior Vice President of U-Freight America with specific responsibilities for U-Ocean’s operations in North America comments: “The dramatic decline of the dollar against a basket of major world currencies is cutting overseas prices for US exporters.

“U.S. exports rose 10.7 percent in the first nine months of 2007 and this is a great time to launch the new service to capitalise on export growth and help US shippers to connect directly with important markets throughout South East Asia.

“We plan to develop this service in line with U-Freight’s strategy for continued expansion of its presence in the oceanfreight business. We anticipate this service will further enhance U-Ocean’s position as an oceanfreight forwarder in the USA,” says Mr Tsang. “Already, plans are in place to introduce a service from our Chicago hub in March,” he adds.

U-Freight began the process of rebranding its international oceanfreight forwarding activities under the U-Ocean banner in 2006 as part of a long-term strategy to expand its presence in the ocean freight forwarding business.

“At that time, we made no secret of our desire to expand from our airfreight forwarding roots to selectively develop oceanfreight services as a way of further leveraging our strong positions in certain regional markets and business sectors,” adds Simon Wong, U-Freight’s Chief Executive Officer.

“With an experienced and enthusiastic management team, U-Ocean is well paced to target oceanfreight shippers in both North America and South East Asia with our new scheduled oceanfreight export consolidation services from New York and Los Angeles.

“This particular service will be the springboard for a number of new oceanfreight consolidation services, not just from the USA, but between other parts of our international network.”

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