MOL to Launch Independent Asia-East Coast South America Service

October 31, 2008

TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida) today announced a new independent service on the Asia-East Coast South America trade starting in January 2009. The current joint service with Pacific International Line (PIL) will be dissolved.

By replacing some of current 3,000 TEU class vessels with larger and faster ships, MOL will provide stable cargo capacity and higher schedule integrity to meet customer demand in this growing market.

Calling ports and transit times remain unchanged from the existing service.

Service Outline

Number of ships

11 (5 x 3,000 TEUs and 6 x 4,250 TEUs)

Frequency

Fixed-day weekly

Calling Ports

Kobe - Yokohama - Nagoya - Pusan - Shanghai - Yantian - Hong Kong - Singapore - Santos - Buenos Aires - Montevideo - Paranagua - Sao Francisco do Sul - Santos - Rio de Janeiro - Cape Town - Port Elizabeth - Singapore - Hong Kong - Kobe

Start of Service

January 26, 2009 sailing from Kobe