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The New World Alliance Offers Two New Direct Shuttles, Servicing Asia and the US West Coast

Singapore, Seoul, Tokyo, 2 April, 2008 - The New World Alliance (TNWA) carriers - APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. Lines (MOL) - today announced two new direct shuttle services linking China, Japan and Los Angeles on the US West Coast.

Beginning in mid-May, the current PS3 service will be divided into two services.

For Central China, where the market is experiencing significant growth, TNWA will offer the PS3, a direct service between Ningbo, Shanghai and Los Angeles. This enhancement will provide one of the fastest transit times in the industry; 11-day direct service from Shanghai to Los Angeles.

TNWA will also launch a new "the Japan-America Shuttle (JAS)", which will enable TNWA to offer customers more port coverage in Japan than currently offered by other transpacific services and will also ensure a more reliable service that focuses solely on the Japan market.

The JAS will provide additional stops in Shimizu and Osaka along the Alliance's Trans-Pacific network. Exclusive focus on Japanese ports will eliminate many of the operational risks inherent with more comprehensive services.

Both the PS3 and the JAS service will be launched in mid-May, beginning with four 2,800-3,000 TEU vessels on a weekly service with a 28-day rotation, subject to regulatory filings and approvals as necessary.

Outline of new PS3 Service
First Sailing: Sailing from Ningbo on May 10th, 2008
Rotation: Ningbo(Sat) - Shanghai (Sun/Mon) - Los Angeles(Fri/Sun) - Ningbo (Sat)

Outline of JAS Service
First Sailing: Sailing from Osaka on May 14th, 2008
Rotation: Osaka (Wed) - Kobe (Thu) - Nagoya (Fri) - Shimizu (Sat) - Tokyo (Sun/Mon) - Los Angeles(Wed/Thu) - Osaka (Wed)

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.

For more information, please contact:
APL
Monique Mathieu
Manager, Corporate Communications
Telephone: (65) 6371 5037
monique_mathieu@nol.com.sg

HMM
SS Lee
General Manager, Liner Business Development Dept
Telephone: (82) 2 3706 5478 / Fax: (82) 2 732 8482
hslss@hmm21.com

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

Ed Huebbe
Manager, Corporate Communications
MOL (America) Inc.
Telephone: 1-925-688-2608 / Fax: 1-925-688-2670
ed.huebbe@molamerica.com



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