MOL Announces Upgraded New Zealand-Singapore Service

April 22, 2008

TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida) today announced that NZS partners MISC Bhd., MOL, Nippon Yusen Kaisha (NYK), Orient Overseas Container Line (OOCL), and Pacific International Lines Ltd. (PIL) will combine the current NZM and NZS services into a single loop, NZX.

The upgrade is designed to offer higher quality service with coverage of five ports in New Zealand plus Brisbane, Australia. The service is slated to begin with a vessel departure from Singapore on June 2.

The service will be operated with five 2,800 TEU vessels (two from PIL and one each from MOL, NYK, and OOCL). The new rotation includes fixed-day weekly port calls at Singapore - Port Kelang - Brisbane - Auckland - Lyttelton - Wellington - Napier - Tauranga - Brisbane - Singapore.

MISC will retain its participation in this service.