APL, HMM, MOL and CMA CGM Announce Further Winter Capacity Plans

Singapore, Seoul, Tokyo, Marseille Dec. 10, 2007 - APL, Hyundai Merchant Marine (HMM), Mitsui O.S.K. Lines (MOL) - and CMA CGM today announced additional winter capacity plans for the trade between Asia and the US East Coast via Panama Canal.

Late last month, the New World Alliance carriers APL, HMM and MOL announced that they would be withdrawing more capacity to the US West Coast and earlier than in previous years in the face of an unprecedented rise in operating costs – particularly for fuel.

The latest announcement will see APL, HMM, MOL and CMA CGM reduce capacity to the US East Coast by withdrawing some sailings in their ESX/SAX deployment.

APL, HMM, MOL and CMA CGM confirm that service will continue to be provided at all existing port locations and the carriers will have sufficient capacity to meet demand for cargo transportation services in the Transpacific during the winter season.

APL, HMM, MOL and CMA CGM remain committed to providing customers with premium global container shipping services. However, they did not rule out future additional network adjustments to minimize the impact of dramatically higher costs on their respective businesses.

About the New World Alliance
TNWA member lines APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL), serve more than 40 ports using in excess of 100 containerships in the major East-West container trades.

About CMA CGM
CMA CGM, led by its founder Jacques R. Saadé is currently the world's third largest container shipping operating a fleet of 332 vessels.

For more information, please contact:

APL
Paul Barrett
Director, Corporate Communications
Tel: +65 6371 7959
paul_barrett@nol.com.sg

HMM
S.I.Yang
General Manager, Liner Business Development Dept
Tel: +82 2 3706 5472 / Fax: + 82 2 732 8482
pcysi@hmm21.com

MOL
Hiroki Tsujii
Manager, Strategic Planning & Asset Management Group,
Liner Division
Tel: +81 3 3587 7337 / Fax: + 81 3 3587 7796
hiroki.tsujii@mail.mol.co.jp