MOL to Upgrade Intra-Asia Container Service from S. Korea

November 07, 2006

TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced plans to launch a new Korea-Jakarta Service (KJX) to enhance its container service. This is part of an MOL initiative to upgrade service in response to rising intra-Asia container trade.

MOL will offer KJX service through a space charter from Seoul-based Heung-A Shipping (headquarters: Seoul). The new service will offer direct connections to ports in Indonesia from South Korea, and improve the competitiveness of services from South Korea to India and Pakistan with speedy links to the MOL network at Singapore.

Rotation

Inchon (Mon/Tue) - Pusan (Wed/Thu) - Hong Kong (Sun/Sun) - Singapore (Thu/Thu) - Jakarta (Sat/Sun)

Start of Service

M/V Buxcrown, departing Inchon on December 4, 2006

MOL's Intra-Asia service from South Korea
MOL continues to upgrade its container services on intra-Asia routes, where cargo traffic is rising swiftly. Transit times to main destinations from South Korea including KJX are as follows:

From Inchon

From Pusan

* Transshipment at Singapore. Others are direct service.