Released on: April 7, 2008, 4:05 am

Press Release Author: Sarah A. Chase

Industry: Industrial

Press Release Summary: Mitsui O.S.K. Lines, Ltd. (MOL; President Akimitsu Ashida) –
today announced two new direct shuttle services linking China, Japan and Los Angeles
on the US West Coast.

Press Release Body: LONDON, 7April 2008 – – Mitsui O.S.K. Lines, Ltd. (MOL;
President Akimitsu Ashida) – 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, MOL 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.

MOL will also launch a new “the Japan-America Shuttle (JAS),” which will enable MOL
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 MOL’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)


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