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March 07, 2007

MOL ESTABLISHES NEW EAST COAST AMERICAS SERVICE
TO MEET CHANGING CONSUMER DEMANDS

As part of its ongoing commitment to expand service networks and continue to increase ocean transportation options, MOL will soon be initiating a new direct service between the East Coast of South America and the U.S.

MOL will be replacing its current AXL Service with the Americas Container Express (ACX) Service. The ACX will improve port coverage on the East Coast Americas trade by adding calls at Buenos Aires (Argentina), Salvador (Brazil), and Baltimore (Maryland, U.S.).

The complete port coverage of the ACX will be as follows:

ECSA Port Calls

Buenos Aires, Rio Grande, Sao Francisco do Sul, Santos, Salvador

USA Port Calls

Norfolk, Philadelphia, New York, Baltimore

The new ACX service will make its first northbound call to Brazil in mid-April. MOL will phase out the AXL service, which will make its last northbound call at Santos on April 13, 2007, allowing for a seamless transition to the new ACX.

About MOL

MOL operates one of the largest and most diverse networks of liner and logistics services around the globe, including weekly Transpacific, Transatlantic, Americas and Asia-Europe services. MOL (America) Inc. is a wholly owned subsidiary of MOL, Ltd. (Mitsui O.S.K. Lines) one of the world's largest multi-modal shipping companies. Please visit the company's website at www.MOLpower.com.

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