MOL Announces Start of Japan/Far East-New Zealand Service with Consortium

July 10, 2009

TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced the formation of a new consortium with COSCO Container Lines (COSCON), Hamburg Sued, and Nippon Yusen Kaisha (NYK), and will start a liner service linking Japan and the Far East with New Zealand in August. The new service will meet increasing demand for container shipping linking Tokyo, China, and New Zealand, and provide higher quality services.

Port Rotation

Tokyo (Tue-Wed) - Kobe (Thu-Thu) - Pusan (Fri-Sat) - Shanghai (Sun-Mon) - Yentian (Wed-Wed)- Hong Kong (Wed-Thu) - Brisbane (Sun-Mon) - Auckland (Thu-Fri) - New Plymouth (Sat-Sat) - Nelson/Wellington (Sun-Mon)^* - Lyttelton (Mon-Tue) - Napier (Wed-Thu) - Tauranga (Fri-Fri) - Tokyo

* Ships call at Nelson and Wellington every other week

Commencement

Departure of the ACX Diamond V.095N/S, August 5, 2009 at Tokyo

Vessels

Six 3,200 TEU class ships
(one from MOL, two from COSCON, two from Hamburg Sued, one from NYK)