MOL to Upgrade Container Service from Shanghai

October 13, 2006

TOKYO - Mitsui O.S.K. Lines, (MOL, President: Akimitsu Ashida) today announced the launch of the China Singapore Service Loop 1 (CS1) connecting Shanghai and Singapore, where cargo space has been extremely limited. The move is aimed at enhancing containerized service into, out of, and within Asia, which continues to show tremendous economic growth.

The CS1 service will rely on two 1,000-1,200 TEU type MOL-operated containerships. MOL will offer more competitive service to ports in India and Pakistan with speedy connections from Singapore.

What's more, the direct connection to Singapore by the CS1 service enables speedy and stable cargo space to West and East Africa from Shanghai.

Rotation

Shanghai Waigaoqiao Terminal (Thu/Thu) - Singapore (Thu/Thu) - Shanghai (Thu/Thu)

Start of Service

M/V Phoenix, departing Singapore on October 19

MOL's Intra-Asia service from Shanghai
MOL has proactively expanded its containership service on Intra-Asia routes, which are enjoying increased trade and rising demand for transport. Outlines of MOL's main services, including CS1 from Shanghai, are as follows:

Examples of transit times

*1 Direct Service*2 Tranship at Singapore