LOG-NET Announces Hanjin Shipping as the 2006 LOG-NETTM E Commerce Excellence Award Winner

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LOG-NET Announces Hanjin Shipping as the 2006 LOG-NETTM E Commerce Excellence Award Winner
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April 11, 2007 (Press Release) -- April 11, 2007, RED BANK, NJ -- LOG-NET, Inc., an industry leader in international web-based supply chain execution solutions, announced that Hanjin Shipping Corporation, one of the major contributors to global marine transport, was named the recipient of the annual LOG-NET e-commerce excellence award. The award was presented at the Journal of Commerce’s Transpacific Maritime Conference in Long Beach, California. The award recognizes Hanjin Shipping for its consistent performance across multiple clients and its ability to achieve the highest level of completeness among all ocean carriers rated in the delivery of EDI events LOG-NET customers have selected most important to them.
The competition for this year's award was very high. Standards among the top e-commerce required performance in the high ninety percent range to qualify among the top five lines in the world. At the award ceremony LOG-NET made honorable mention to the four other carriers qualifying in the top five due to their tremendous performance in each area of e-commerce. Hyundai, Merchant Marine, APL, K-Line and Evergreen rounded out the top five, respectively.
The caliber of performance this year was outstanding," noted John Motley, President and CEO of LOG-NET, Inc. "To differentiate amongst the top lines we found it necessary to increase the fidelity of our scoring by rating more events." The qualifying carriers transmitting to LOG-NET now includes almost forty of the world's leading shipping lines, representing the largest collection of ocean carriers in the world, interfacing with a single logistics portal. In addition to completeness, timeliness and accuracy, LOG-NET also measures the number of customers each carrier brings on line to rate the ease of establishing connections with the carrier.
About HANJIN SHIPPING
Hanjin Shipping and its subsidiaries, Keoyang Shipping, Senator Lines, Hanjin Logistics, and CyberLogitec, are working together to make a major contribution to global marine transport. Steadily expanding its business by introducing new vessels and developing logistics operations in key service areas, Hanjin Shipping operates 145 vessels that cover 80 major ports in 35 countries. Additionally, the Company operates 11 dedicated terminal facilities. Its 200 offices and third-party agents are spread across 53 countries.
About LOG-NET, Inc.
Founded in 1991, LOG-NET, Inc. of Red Bank, N.J. was established to provide the finest trade, transportation and logistics information systems. The company has grown from a supplier of custom logistics solutions, into a developer of integrated on-demand, end-to-end (E2E) supply chain solutions and is active in more than twenty countries around the world.
LOG-NET's management and design team is comprised of individuals with outstanding technical skills and practical operating experience in international, multi-modal logistics and operations management. This in-depth understanding of trade and logistics balanced with


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