[Panama - February 5, 2003] Panama Ports Company, S.A. (PPC) announced that for the first time ever, three cruise vessels simultaneously called at its Cruise Terminal - Pier 6, with a total of 5,590 passengers and crew. This historical milestone took place on the 19th January 2003, when "Sun Bird" from Sun Cruises, "Radisson Diamond" from Radisson Seven Seas and "Coral Princess" from Princess Cruises, called at Pier 6.

Pier 6 is ideally located at the Caribbean entrance of the Panama Canal to serve cruise vessels interested in enjoying the tourist wonders of the Province of Colon when cruising in the Caribbean or after transiting the Canal. Pier 6 provides an ideal opportunity for those passengers looking forward to the enjoyment of a shore excursion.

Commenting on this event Mr. Alejandro Kouruklis, General Manager of PPC, said:

"We are very delighted to witness this historical moment for the Port of Cristobal. It is a great pleasure to welcome the cruise vessels "Sun Bird", "Coral Princess", and "Radisson Diamond" at Pier 6. With such a large number of passengers and crew this is a significant benefit to the province of Colon, and its people. We also want to thank all Cruise Lines for making this Cruise Season (2002-2003) a successful one for Panama Ports Company, S.A., as well as for the Republic of Panama."

Note to Editor:

Panama Ports Company (PPC) operates the Ports of Balboa and Cristobal located at each end of the Panama Canal. Serving as major hubs for the Atlantic and Pacific trade routes, the Ports are equipped with comprehensive facilities for handling containers, general cargo, bulk cargo and passenger vessels.

PPC is a member of Hutchison Port Holdings (HPH) Group, the world's leading port investor, developer and operator with interest in 15 countries throughout Asia, Middle East, Africa, Europe and the Americas. Today, HPH operates a total of 30 ports together with a number of transportation related service companies.