For Immediate Release
June 8, 2004

Oakland, Calif. (June 8, 2004) - The Port of Oakland and SSA Terminals, a joint venture of SSA Marine and Matson Navigation Company, are proud to announce the renaming of Berths 57-59 to Oakland International Container Terminal. This name change and SSA Terminal's pending re-opening of Howard Terminal are reflective of the continuing growth in cargoes entering and leaving the dynamic international gateway of the Port of Oakland. The Port's visionary programs are continuing to enhance the region's capabilities and are paving the way for sustained growth in global trade.

"We anticipate accelerated growth in cargo through the Port of Oakland," said Ed DeNike, chief operating officer of SSA Terminals. "The Port's expanded rail access, the -50 foot harbor deepening project and other maritime improvements enhance the option of Oakland as a first port of call on the West Coast for intermodal cargoes."

"With all the changes we're making at the Port of Oakland, we're positioned to gain new business," stated Port of Oakland director of maritime Jerry Bridges. "We also plan to provide further enhancements to our maritime facilities to grow the Oakland seaport's market share of international trade over the next decade."

Like the Port of Oakland, SSA Terminals is making substantive investments to remain ready to handle this cargo growth and to continue to meet the maritime industry's needs well into the future.

The 150 acre, state of the art, Oakland International Container Terminal opened in November 2002 with a capacity of 515,000 TEUs per year increasing the Port's overall capacity by 42%. It is Northern California's largest container terminal and offers a near-dock rail facility and six of the largest cranes in the world. The facility has been carefully designed to support the unimpeded flow of cargo for a multitude of companies. Carriers currently calling at this facility include: COSCO, China Shipping, CMA/CGM, Matson, NYK, OOCL, K-Line, Hapag Lloyd, CP Ships, Italia, TMM, Lykes, and Contship.

About SSA Marine
SSA Marine (www.ssamarine.com) is the largest privately held container terminal operator and cargo handling company in the world. The company has 150 operations worldwide, including port operations throughout the U.S. and in Panama, Mexico, Chile, Costa Rica, South Africa and New Zealand, and more than 10,000 employees.

About Port of Oakland
The Port of Oakland was established in 1927 as an independent department of the City of Oakland. The Port of Oakland oversees Oakland International Airport, the Oakland seaport and 19 miles of waterfront. The Oakland seaport handled a record 1.9 million TEUs in 2003 and is the 4th busiest containerport in the U.S.

SSA Media Contact:
Jon Rosselle, SSA Terminals, Oakland
(510) 433-1805
Jill Jansen, SSA Marine, Seattle
(206) 654-3523

Port of Oakland Contact:
Marilyn Sandifur
(510) 627-1193
msandifur@portoakland.com