| March 18, 2009 |
| Far East - East Coast South America Joint Service Restructure |
| Kawasaki Kisen Kaisha, Ltd. ( "K"LINE ), Pacific International Lines (Pte) Ltd ( PIL ), Nippon Yusen Kaisha ( NYK ) and Hyundai Merchant Marine Co. Ltd ( HMM ) have reached an agreement to launch a joint service between Far East and East Coast South America ( ECSA ) as from mid-June 2009. |
| Ten vessels of about 4250 TEU capacity will be deployed on a 70-day round voyage to provide a weekly service. "K"LINE, PIL and NYK will provide three vessels each and HMM will deploy one vessel. |
| The joint service will provide the following port coverage. |
| Shanghai, Ningbo, Hong Kong, Shekou, Singapore, Santos, Buenos Aires, Montevideo, Navegantes, Paranagua, Santos, Rio de Janeiro, Cape Town (*1), Singapore, Hong Kong and Shanghai. |
| (*1) Only K Line and PIL will offer service to/from Cape Town, South Africa. |
| For further information, please contact: |
| Yu Kurimoto |
| Manager, Planning Team, Container Business Group |
| Kawasaki Kisen Kaisha, Ltd. |
| Tel: +81-3-3595-5309 Fax: +81-3-3595-5288 |