LEVALLOIS, PERRET - MediaOutReach - 10February 2021 - GEODIS, a leading global supply chain operator, providesits customers with guaranteed space in an ultra-tight sea freight market fromChina to Europe.

GEODIS provides its customers with guaranteed space in an ultra-tight sea freight market from China to Europe

The first 1,000TEU^[1] capacity vessel, operatedexclusively by GEODIS, is scheduled to arrive in Hamburg on 28 February. This shipis carrying a total of 435 forty-foot containers for customers who have foundit increasingly difficult to secure space with regular carriers at a viable rate.The next vessel sailing is scheduled to leave Shanghai around 10 February.Depending on demand, GEODIS will plan additional sailings over the comingweeks.

MathiasHansen is Senior Vice President Global Ocean Freight for GEODIS, "We understand the current marketchallenges resulting from unprecedented customer demand and the limitations ofocean carrier capacity and sailings from China and other parts of Asia," heobserved.  "We are working hard to findsolutions for our customers. Hence, thisexclusive vessel charter to supplement fixed long-term agreements we have withcore carriers.  We strive to delivercertainty to our customers amid the unstable market."

"These market forces have created variableand unforeseen spikes in demand for Asian goods," comments Onno Boots, GEODIS' Regional President andCEO for Asia Pacific. "Our primary aim is to offer multi-modalsolutions to our existing customers to enable them to ship on time and in areasonably economic manner. As an adaptable and innovative service provider,GEODIS is permanently looking for alternatives including rail, ocean and airproducts that fulfil this aim for shippers on the increasingly volatile FarEast West Bound (FEWB) trade lane."

Ivan Siew, Managing Director, China, adds, "Ocean freight services outof China have been in high demand, in the ride up to Chinese New Year andbeyond. We are focused on ensuring that our customers continue to depend onGEODIS to deliver innovative solutions in accordance with evolving marketdemands. As the biggest supplier of goods to the world, using all freightmodes, China is particularly affected by the changes in availability ofcapacity and shipping containers. These ocean charters provide much relief tothe companies we serve and we are proud to be stepping up our response as thesituation changes."

GEODIS – www.geodis.com

GEODIS is a top-rated,global supply chain operator recognized for its commitment to helpingclients overcome their logistical constraints. GEODIS' growth-focused offerings(Supply Chain Optimization, Freight Forwarding, Contract Logistics,Distribution & Express, and Road Transport) coupled with the company'struly global reach thanks to a direct presence in 67 countries, and a globalnetwork spanning 120 countries, translates in top business rankings, #1 inFrance, #6 in Europe and #7 worldwide. In 2019, GEODIS accounted for over41,000 employees globally and generated €8.2 billion in sales.