The New World Alliance Announces Launch of
Ground-Breaking Suez Express Service

May 11, 2007

Tokyo, Singapore, Seoul, May 11_th 2007 - The New World Alliance (TNWA) today announced the launch of an industry-leading all-water service connecting both South East Asia and the Indian Subcontinent with the United States East Coast via the Suez Canal.

The Suez Express (SZX) will transit the Indian and Atlantic oceans providing customers with an attractive new service alternative, which will complement TNWA's 12 Pacific Ocean services, for cargoes moving to and from the US East Coast.

Eight vessels with a capacity range of 4,000-4,500 TEU (twenty-foot equivalent unit) will be deployed on the weekly service beginning in early July 2007.

Port Rotation

Singapore (Tue / Thu) - Colombo (Sun / Sun) - New York (Thu / Fri) - Charleston (Sun / Sun) - Savannah (Mon / Mon) - Norfolk (Wed / Wed) - Jebel Ali (Sun / Mon) - Port Kelang (Mon / Mon) - Singapore (Tue / Thu)

Transit times (days)

The New World Alliance

TNWA member lines Mitsui O.S.K. Lines, Ltd. (MOL), APL, and Hyundai Merchant Marine Co., Ltd. (HMM) serve more than 40 ports using in excess of 100 containerships in the major East-West container trades.