Released on: April 23, 2008, 4:06 am

Press Release Author: Sarah A. Chase

Industry: Industrial

Press Release Summary: Today, Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu
Ashida) announced that NZS partners MISC Bhd., MOL, Nippon Yusen Kaisha (NYK),
Orient Overseas Container Line (OOCL), and Pacific International Lines Ltd. (PIL)
will combine the current NZM and NZS services into a single loop, NZX.

Press Release Body: LONDON, 23 April 2008 - Today, Mitsui O.S.K. Lines, Ltd. (MOL;
President: Akimitsu Ashida) announced that NZS partners MISC Bhd., MOL, Nippon Yusen
Kaisha (NYK), Orient Overseas Container Line (OOCL), and Pacific International Lines
Ltd. (PIL) will combine the current NZM and NZS services into a single loop, NZX.

The upgrade is designed to offer higher quality service with coverage of five ports
in New Zealand plus Brisbane, Australia. The service is slated to begin with a
vessel departure from Singapore on June 2.

The service will be operated with five 2,800 TEU vessels (two from PIL and one each
from MOL, NYK, and OOCL). The new rotation includes fixed-day weekly port calls at
Singapore - Port Kelang - Brisbane - Auckland - Lyttelton - Wellington - Napier -
Tauranga - Brisbane - Singapore.

MISC will retain its participation in this service.


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