Hanjin, “K” Line, Yang Ming and UASC Announce New Cooperation in the South East Asia – India – US East Coast Trade

September 21, 2006 - TOKYO , Japan -- Hanjin Shipping Co., Ltd. (Hanjin), Kawasaki Kisen Kaisha Ltd. (“K” Line), Yang Ming Ltd. (Yang Ming) and United Arab Shipping Co. S.A.G. (UASC) are pleased to announce the start-up of an new service linking two of the fastest growing export markets, South East Asia and India, Sri Lanka with the Mediterranean Sea and the US East Coast.

The new service named SINA will have the following port rotation: Singapore , Colombo , Nhava Sheva, Mundra, Port Said , New York , Norfolk , Savannah , Port Said , Jeddah , Singapore . Transit time in the important Nhava Sheva to New York market will be a very competitive 18 days.

The SINA Service will start from end of November 2006, deploying 8 vessels in the 3,500 – 4,000 TEU capacity range. Providing weekly, fixed week-day service with each of the four Parties deploying two vessels, the SINA Service will cater for cargo in the S.E. Asia to US East Coast as well as the India to US East Coast markets. With East – and Westbound calls at Port Said the new service will also provide competitive transit times to/from Egypt and the East Mediterranean markets.

For further information, please contact:
Takafumi Kido
Manager, Planning Team
Containership Business Group
Kawasaki Kisen Kaisha, Ltd. Tokyo
TEL: 81-3-3595-5309 FAX: 81-3-3595-5288