| March 29, 2007 |
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| CKYH Alliance to Restructure AWE Service |
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| The CKYH Alliance (COSCON, "K" Line, Yang Ming,
and Hanjin Shipping) will upgrade AWE-1 (Hanjin Loop), AWE-4 ("K" Line Loop) and
AWE-5 (CKYH Joint Loop) among 5 CKYH AWE loops by revising its routes to provide
regionally differentiated service, such as North Loop, Central Loop and South Loop
starting from May 2007. |
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| CKYH will join hands to run a total of three South / Central
/ North Express Services by deploying ten Panamax ships of 4000 TEU class from "K"
Line and fourteen 4000 TEU ships from Hanjin. |
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| New AWE South Loop |
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Chiwan - Yantian - Hong Kong - New York -
Norfolk - Savannah - Chiwan |
| New AWE Central Loop |
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Xiamen - Hong Kong - Yantian - Ningbo -
Shanghai -Busan - Savannah - Norfolk - Charleston - Xiamen |
| New AWE North Loop |
: |
Qingdao - Ningbo - Shanghai - Busan - New
York - Wilmington - Savannah - Busan - Qingdao |
| AWE2 Loop |
: |
Qingdao - Shanghai - Yantian - Hong Kong
- Charleston - New York - Boston - Qingdao |
| AWE3 Loop |
: |
Hong Kong - Yantian - Kaohsiung - Busan -
Savannah - Wilmington - New York - Kaohsiung - Hong Kong |
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| Through this restructuring, CKYH Alliance will be able to
provide customers with direct calls to Xiamen and express service that links South / North
China to East Coast US. Transit time from Hong Kong to New York will be 22 days and 23
days from Shanghai to New York. With this more reliable schedule, new AWE service will
then compare favorably with MLB service in terms of transit time. |
| The launch of direct link from Qingdao / Ningbo/ Shanghai to
Wilmington offers service variation as well as shorter transit time and schedule
reliability. |
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| For further information, please contact: |
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| Takafumi Kido |
| Deputy General Manager, Planning Team |
| Containerships Business Group |
| Kawasaki Kisen Kaisha, Ltd. Tokyo |
| TEL: 81-3-3595-5309 FAX: 81-3-3595-5288 |