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APL to Launch New Direct Service to Nhava Sheva

~ New Singapore-Subcontinent express service supports growing Indian market ~

Singapore, Oakland CA, London, 02 Nov 2004 – Global container carrier, APL, is set to further enhance its coverage of the fast-growing Indian Subcontinent market with the launch of a new direct service to Nhava Sheva, an important gateway to India’s western and northern hinterlands.

From November 17, 2004, the Singapore Subcontinent Express 2 (SS2) service will provide weekly services between Singapore and Nhava Sheva.

Domestic demand in India for high-end goods, especially consumer electronics, has been growing steadily, and the outlook continues to be buoyant.

APL’s Vice President for the Intra-Asia Trade, Mr Eng Aik Meng, said, “The two vessels in the current Singapore Subcontinent Express (SSX) service have been fully utilised since we launched it in March and customers have been asking for more space on this route. The SS2 answers the needs of our customers looking to capitalise on this fast-growing trade, offering them greater choice and access to the Indian market.”

The SS2 offers one of the industry’s fastest transit times between Singapore and Nhava Sheva as well as highly competitive transit times between North and Southeast Asia to Nhava Sheva.

Together with the SSX, the SS2 provides shippers who have cargo originating in China, Korea, Japan, Taiwan and Southeast Asia with a seamless connection to India’s extensive inland network. Customers are also connected to APL’s global network via the key hub of Singapore.

The SS2 will deploy two vessels, each with a nominal capacity of 1,000 TEU on a port rotation of Singapore, Nhava Sheva, Singapore.

For more information on APL’s services visit www.apl.com

About APL
APL is a global container transportation company offering more than 60 weekly services and nearly 300 calls at more than 90 ports in Asia, Europe, the Middle East and the Americas. It combines world-class intermodal operations with leading-edge IT and e-commerce. APL is a unit of Singapore-based Neptune Orient Lines (NOL), a global logistics and transportation company. APL Web site: www.apl.com

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Scott Dailey, tel: +1 650-369-4451 or scott_dailey@apl.com
Asia/Middle East:
Yin-Fern Lim, tel: +65-6371-5483 or yflim@apl.com
Europe:
Michael Haig, tel: +44-1737-248-300 or michael@isiscomms.com