| November 25, 2009 |
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| CKYH Alliance to adopt seasonal adjustment program in Asia North America
Trade |
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| CKYH (COSCON, K LINE, Yang Ming and Hanjin Shipping) Alliance has announced
today that they are adopting a seasonal adjustment program in the Asia
North America trade at the end of November. |
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| With the traditional slack season coming up, the Alliance partners have
decided to carry out this program in order to cope with the decreasing
demand as well as the rising fuel costs. Specifically, they will be reducing
capacity in the trade by 10% in the U.S. West Coast and by 20% in the East
Coast services. |
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| CKYH Alliance comments, With even more rationalized and effective fleet
operation, we believe we will be able to provide stable and satisfying
service to our valued customers, especially under the current economic
climate. |
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| For further information, please contact: |
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| Yu Kurimoto |
| Manager, Planning Team, Containerships Business Group |
| Kawasaki Kisen Kaisha, Ltd. |
| Tel: +81-3-3595-5309 Fax: +81-3-3595-5288 |
Copyright(C) 2009 Kawasaki Kisen Kaisha, Ltd. all rights reserved.