MOL Announces On Time Arrival Performance Results for January - March 2011

May 11, 2011

May 11, 2011, Tokyo - MOL today updated On Time Arrival Performance results for January -March 2011 for the major East-West trade lanes for quarterly report as an effort of upgrading and improving the quality of services MOL Liner offers.

Measurement criteria are:

• Scope of trade lanes is Asia-U.S. West Coast, Asia - U.S. East Coast, Transatlantic, and Asia - Europe.
• When a vessel arrives in the first port of destination area for both directions, eastbound and westbound, within 24 hours of scheduled time of arrival, the voyage is regarded as On Time Arrival.

*We have amended our calculation way as follows in order to show our performance more clearly. Table 1 covers all vessels in the above scope and Table 2 covers MOL vessels under our operation. Both results are weight-averaged based on our allocation of each service. The result for April-December 2010 has been also adjusted due to this amendment.

*The main reasons for delay are New Year Holiday, bad weather and berth congestion due to Japanese earthquake.

(Table 1)

The following performance criteria were used:

• Measured arrival time within 24 hours of the originally scheduled arrival time.
• Measured 23 services on MOL's East-West trade route
• Included services in which MOL takes slots but does not operate any vessels.

(Table 2)