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Princess Cruises Renews Contract with GeoLogistics

Princess Cruises Renews Contract with GeoLogistics

Business Editors

SANTA ANA, Calif.–(BUSINESS WIRE)–Jan. 7, 2004

– Cruise line expands logistics contract to

include its major divisions –

GeoLogistics Corporation, one of the world’s largest global third-party logistics companies, was recently awarded an extension of its contract with U.S.-based cruise line Princess Cruises, a unit of Carnival Corporation, based on its ability to meet the company’s service performance requirements.

GeoLogistics provides a broad range of logistics services to Princess Cruises, including freight forwarding and Just-in-Time (JIT) distribution of the cruise line’s equipment and supplies worldwide. The renewal represents a contract extension option from the initial service agreement made between GeoLogistics and Princess Cruises in September 2001 for supplying the cruise line’s technical division with logistics services. The contract has since expanded to include Princess Cruises’ casino, medical, hotel, furnishing and boutique divisions.

The announcement was made by Maxine Krajniak, Vice President of Sales for the Western Region for GeoLogistics Americas Inc. “Meeting the distribution requirements of a highly-respected global cruise line like Princess Cruises requires an extensive global network. GeoLogistics provides the worldwide infrastructure and integrated IT tools that are ideal to fit this exciting cruise line,” Krajniak said. She noted managing the dynamic account demands a high degree of cooperation between a number of GeoLogistics offices and Princess Cruises worldwide.

Mark Brown, Director of Logistics for Princess Cruises, added “We selected GeoLogistics for its demonstrated high level of service and IT capabilities. Their global presence and technology greatly supports our growing fleet.”

Krajniak noted GeoLogistics has triumphed in meeting a number of logistics challenges for Princess Cruises including JIT parts delivery to keep ships running smoothly. “We arranged a rush charter of two 747 freighters from Los Angeles to Honolulu during the crippling west coast port shutdown of fall 2002 to restock food and beverage of a ship at port of call,” Krajniak said. The contract also includes managing the transportation of materials for new-ship builds for Princess Cruises as it expands its fleet. GeoLogistics recently supported the building of the Star Princess in Monfalcone, Italy as well as the Island and Coral Princess ships in St. Nazaire, France. GeoLogistics will also support the building of the Diamond and Sapphire ships in Nagasaki, Japan as well as the Caribbean Princess in Monfalcone.

Princess Cruises

Princess Cruises is part of Carnival Corporation (NYSE:CCL), one of the largest vacation companies in the world. Princess Cruises operates a fleet of eleven ships deployed on many different itineraries calling at more than 150 ports worldwide. Most cruises range from seven to 14 days in length and destinations include the Caribbean, Alaska, Europe, the Panama Canal, Mexico, the South Pacific, South America, Hawaii, Asia, Canada, New England, and Bermuda. See www.princesscruises.com for more information.

GeoLogistics Corporation

GeoLogistics Corporation is a global leader in non-asset based logistics, with an extensive network of operations in over 100 countries around the world. GeoLogistics offers its customers a broad range of freight management and customized logistics solutions backed by a single, company-wide IT system. With experienced and dedicated people, GeoLogistics meets customers’ specific local logistics needs on a truly global basis. GeoLogistics combines more than 150 years of history with the latest technology and practices. More information may be obtained at the Company’s website at www.geo-logistics.com.

Editor’s Note:

High-resolution images (JPG) of the contract signing and more information on the contract (PDF) are available upon e-mail request to SalesUSA@geo-logistics.com.

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