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TNWA Service Announcement

TNWA Deploys Larger, Faster Vessels on All-Water, New York Express Service

Seoul, Singapore, Tokyo, 13 Nov 2003 – The New World Alliance (TNWA), which consists of APL, Hyundai Merchant Marine (HMM) and MOL, is pleased to announce the deployment of larger, faster vessels on its fixed-day, weekly, all-water, New York Express (NYX) service, which was launched earlier this year. The fleet expansion will increase capacity on TNWA’s NYX service, as well as shorten transit times between key destinations in Asia, Panama, and the U.S. East Coast.

TNWA will rotate eight, 4,000 TEU (twenty-foot equivalent units) vessels to replace the nine, 3,000 TEU vessels currently deployed. The new deployment will commence with the sailing of the MOL Expeditor, Voyage # 004 E, from Shanghai on November 15, 2003.

The NYX fleet enhancement will provide TNWA customers with some of the market’s fastest transit times, both eastbound and westbound. On the NYX eastbound leg, cargo sailing from Kaohsiung or Hong Kong to New York will take just 21 and 22 days, respectively. The transit time from Shanghai to New York will be an equally rapid 26 days. On the westbound leg, cargo will sail from New York to Yokohama in only 24 days and to Busan in 26 days.

The NYX port rotation is: Shanghai, Yantian, Hong Kong, Kaoshiung, Manzanillo (Panama), New York, Norfolk, Savannah, Manzanillo (Panama), Yokohama, Busan, and back to Shanghai.

TNWA’s North American service profile will now include nine fixed-day, weekly services in the Trans-Pacific trade. Seven will call at the North American West Coast and the other two, the Atlantic Pacific Express (APX) and the NYX, will provide all-water transit between Asia, Panama, and the U.S. East Coast.

TNWA also operates three fixed-day services in the Asia-Europe trade and three fixed-day services in the Trans-Atlantic trade. The TNWA member carriers control a combined fleet of approximately 100 containerships.

Media Inquiries

APL: Mr. Paul Barrett, Corporate Communications Manager, tel: +65 6371 5541
paul_barrett@apl.com

HMM: Mr. Jin Il Chung, General Manager, Liner Strategy & Planning Dept., tel: + 822 3706 5474
pccji@hmm.co.kr

MOL: Mr. Noboru Kitazawa, General Manager, Liner Division, tel: +813 3587 6645
lapln@mail.mol.co.jp