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CKYH Alliance to Modify TPS Services and Link
K-PNW and AES2 as Pendulum Service

May 19, 2008 - Tokyo, Japan - CKYH Alliance (Coscon, “K” LINE, Yang Ming, Hanjin Shipping) is pleased to announce service modification on PSW2, PSW4, PSW5 and Y-PNW by adjustment of routings and calling port combination on Trans-Pacific loops. Also they will link current K-PNW to AES-2 in order to make pendulum operation which covers North America, Asia and North Europe.

With this modification, CKYH Alliance aim not only to streamline CKYH TPS service alignment, but also to reduce CO2 emissions by optimum navigation speed. This is one of the action plans followed by the consensus of CKYH Summit Meeting held in Okinawa last month.

Details of service structures are as follows, which will be launched effective end of June 2008 :

PSW2 (to adjust from 5500TEU vessels to 4300TEU vessels):
Hong Kong – Yantian – Kaohsiung – Keelung – Los Angeles – Oakland – Keelung – Kaohsiung – Hong Kong

PSW4 (to combine with PSW5 by using 5500TEU vessels):
Shanghai – Ningbo – Qingdao – Los Angeles – Oakland – Kwangyang – Shanghai

Y-PNW (to adjust calling ports and focus on Taiwan and central China markets):
Kaohsiung – Shanghai – Ningbo – Pusan – Tacoma – Vancouver – Kaohsiung

K-PNW/AES2 (to link as Pendulum service by using 13x5500TEU vessels):
Kobe – Tokyo – Nagoya – Hong Kong – Singapore – Port Said – Rotterdam – Felixstowe – Le Havre – Port Said – Singapore – Hong Kong – Yantian – Xiamen – Nagoya – Tokyo – Tacoma – Vancouver – Portland – Kobe

Separate from above service rationalization, it is also confirmed by CKYH Alliance that a series of strategies for better service quality will be made in order to successfully meet customer requirements and benefits. CKYH Alliance will further discuss and study the TPS services adjustment plan to cater to our customer requirements.

For further information, please contact:

Takafumi Kido
Deputy General Manager, Planning Team, Container Business Group
Kawasaki Kisen Kaisha, Ltd.
Tel: +81-3-3595-5309 Fax: +81-3-3595-5288