TNWA Announces Peak Season Service Enhancements

Singapore, Seoul, Tokyo – June 9, 2005 - The New World Alliance (TNWA), which consists of APL, Hyundai Merchant Marine (HMM) and Mitsui O.S.K. (MOL), has today unveiled its Trans-Pacific deployment programme for the busy peak shipping season.

TNWA announced deployment changes to the service strings of the PS2 and the PSX (formerly PSV). All the enhancements are aimed at providing additional space and enhanced service levels to customers during the peak shipping season.

PSX service
TNWA has renamed the PSV the PSX, as it is now focused on California. The first voyage of the PSX will be from Hong Kong on June 12 by the MOL EXPEDITOR, voy. 017E. The PSX rotation will be Hong Kong, Chiwan, Yantian, Oakland, Los Angeles, Tokyo, Hong Kong. Kaohsiung eastbound coverage is suspended, and the service adds Oakland and Tokyo coverage.

PS2 service
The PS2 service will add calls at Kaohsiung when the APL SINGAPORE, voy. 090E sails from Xiamen on June 11. The revised PS2 rotation will be Xiamen, Hong Kong, Yantian, Kaohsiung and Los Angeles.

The rotation and deployment of TNWA’s remaining Trans-Pacific West Coast services, SAX, PS1, PS3, GCX, PSW, and PNW, will remain unchanged, as do TNWA’s Trans-Pacific East Coast services.

TNWA will continue to operate 10 fixed-day weekly services in the Trans-Pacific trade. Eight services (SAX, PS1, PS2, PS3, GCX, PSX, PSW, PNW) call at the North America West Coast and two services (NYX, APX) offer all-water services between Asia and the US East Coast via Panama.

TNWA also operates two fixed-day services in the Trans-Atlantic trade and four fixed-day services in the Asia-Europe trade. The three-member alliance co-ordinates more than 100 containerships in the major East-West container trades.

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

Media Enquiries

APL:
David Glendining
Tel: +65 6371 5311
e-mail: david_glendining@nol.com.sg

HMM:
Mr. Jin Il Chung
Tel: +82 2 3706 5474
e-mail: pccji@hmm.co.kr

MOL:
Mr. Masanori Doi
Tel: +81 3 3587 7422
e-mail: lapln@mail.mol.co.jp