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May 15, 2009

MOL TO OFFER DIRECT SERVICE FROM VIETNAM TO USWC

Tokyo - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) has announced plans to offer direct service from Vietnam to the US West Coast. The company’s Pacific Southwest Express (PSX) service will begin calling on Cai Mep in South Vietnam effective June 4, 2009.
With the addition of Cai Mep, MOL will further increase its direct coverage of key ports in Asia. The MOL operated PSX service will call at Tan Cang Cai Mep Terminal, located approximately 50 km southeast of Ho Chi Minh City, in the province of Ba Ria Vung Tau. The PSX service will provide comprehensive coverage of the Pacific Southwest with calls at the ports of Los Angeles and Oakland.

First voyage:
"MOL Premium" departing Cai Mep on June 4, 2009
Transit Times:
Cai Mep to Los Angeles - 16 days
Yantian to Los Angeles - 11 days - Industry's fastest transit time
Port rotation:
Cai Mep ( Wed/Thu)- Hong Kong (Sun/Sun)- Yantian (Mon/Tue)- Los Angeles (Sat/Tue)- Oakland (Wed/Thu)- Tokyo (Sun/Mon)- Xiamen (Thu/Thu)- Dachan Bay (Fri/Sat)- Hong Kong (Sat/Sun)- Cai Mep (Wed)

By utilizing Vietnam's state-of-the-art Tan Cang Cai Mep Terminal, MOL can provide its customers with efficient, reliable service to this growing economic region.

"MOL is very pleased to be able to offer its customers direct service from the emerging Vietnam market. By providing direct line-haul service, customers can be confident that their cargo will be moved quickly and economically, without concern for feeder misconnections," said Richard Hiller, vice president transpacific trade, MOL (America).

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