CORRECTION

CORRECTION

Olaf von Maydell, who has headed the U.S. operation of West German shipping line Hapag-Lloyd AG for the last seven years, will assume his new duties as head of Hapag-Lloyd (Asia) in June, the company announced earlier this week.

Mr. von Maydell, pictured here, was incorrectly identified on Page 1 of The Journal of Commerce Wednesday. Instead, a photo of one of Mr. von Maydell's senior executives, Wolf Hagen, was mistakenly published.The Journal of Commerce regrets the error and apologizes for any inconvenience.