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December 27, 2007

MOL Upgrades Asia-South Africa Service
-China-S. Africa Direct Service Starts-
-Start to Call at Maputo (Mozambique)-

TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced the start of new service that consolidates the Singapore-Durban shuttle service (ZAX) and the Shanghai-Singapore service (CS1), effective January 2008.

With this consolidation, the new service will call at major ports in China (Hong Kong, Shanghai, Xiamen, and Yantian), which allows for direct service between China and South Africa. In addition to Durban (ZAX original calling port in South Africa), calls at Maputo (Mozambique) will start with this upgrading. Only MOL will offer direct service between Asia and Maputo. This service upgrade meets the needs of the active seaborne trade on those routes.

[Outline of the new service]

Number of ships

: Seven 1,600-1,700 TEU-class containerships (MOL independent service)

Frequency

: Fixed-day weekly

Ports of call

: Shanghai (China) - Xiamen (China) - Yantian (China) - Hong Kong (China) - Dachan Bay* (China) - Singapore - Durban (South Africa) - Maputo (Mozambique) - Singapore - Shanghai

Start of service

: M/V MOL Agility V-4506A, departing Shanghai Port on January 17, 2008

* Dachan Bay

: New container terminal in Shenzhen, China, will start to call later.

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