Hyundai Merchant Marine and Direct ChassisLink Announce Acquisition of HMM U.S. Chassis Fleet by DCLI

  Hyundai Merchant Marine and Direct ChassisLink Announce Acquisition of HMM
                          U.S. Chassis Fleet by DCLI

DCLI to Also Serve as Exclusive U.S. Chassis Provider to HMM

PR Newswire

SEOUL, South Korea and CHARLOTTE, N.C., June 28, 2013

SEOUL, South Korea and CHARLOTTE, N.C., June 28, 2013 /PRNewswire/ --Hyundai
Merchant Marine (HMM), a premier ocean carrier, and Direct ChassisLink, Inc.
(DCLI), a major provider of intermodal marine chassis in North America,
jointly announced today that DCLI has acquired from HMM its chassis fleet
operating in the United States.

DCLI's purchase of HMM's fleet – over 23,000 well-maintained, strategically
located chassis – is yet another indicator of the changing chassis management
paradigm in the U.S.

HMM and DCLI announced that in addition to the sale, HMM has entered into a
long term agreement pursuant to which DCLI will be HMM's exclusive chassis
provider in the U.S. "We are excited that Hyundai Merchant Marine chose DCLI
as a strategic partner to meet the company's long term chassis requirements in
the U.S.," said DCLI CEO Bill Shea.

HMM is confident that the new arrangement will provide extensive and value
added logistics options and services to its customers. The partnership with
DCLI insures that HMM's customers and motor carriers will have an adequate and
reliable supply of marine chassis through DCLI's nationwide fleet of
approximately 100,000 units.

About Hyundai Merchant Marine (HMM)

Hyundai Merchant Marine is an ocean carrier offering a multimodal service
network with global reach. HMM operates more than 40 sea routes to over 100
ports of call. The worldwide headquarters is located in Seoul, Korea, and the
Americas headquarters for North and South America is located in Dallas, Texas.

About Direct ChassisLink, Inc.

Direct ChassisLink, Inc. is a provider of intermodal marine chassis that
offers a wide range of chassis usage product lines to motor carriers, ocean
carriers and beneficial cargo owners. DCLI also offers chassis pool management
services and currently manages the Grand Alliance Chassis Pool in Southern
California. DCLI is owned by an affiliate of Littlejohn & Co., an investment
firm located in Greenwich, CT.

Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4334

SOURCE DCLI
 
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