Grand Alliance Asia-Black Sea Service

Hamburg / Hong Kong / Kuala Lumpur / Tokyo /

Members of the Grand Alliance group Hapag-Lloyd, MISC Berhad (MISC), Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL) will be launching a new weekly service – ABX (Asia – Black Sea Express) to cover the Asia-Black Sea Market. The new service is scheduled to commence from Shanghai in late June 2007.

A total of 7 x 3,000 TEU vessels will be deployed in the new service to cover the following ports: Shanghai / Ningbo / Shekou / Singapore / Damietta / Istanbul / Constanza / Odessa / Izmir / Damietta / Singapore / Shanghai.

The new addition to the Grand Alliance product will further enhance the Grand Alliance network on a fast growing market and cater to its growing customers' needs.

The Grand Alliance, formed in 1998, is the leading integrated consortium in global container shipping. It currently offers a total of nineteen services (loops) in the major East-West trade lanes, including one pendulum loop plus three services on slot exchange with another consortium.

Orient Overseas Container Line (OOCL) is a wholly-owned subsidiary of Hong Kong Stock Exchange-listed Orient Overseas (International) Ltd. Headquartered in Hong Kong, OOCL is one of the world's leading container transport and logistics service providers, with more than 230 offices in 58 countries. Linking Asia, Europe, North America, the Mediterranean, the Indian sub-continent, the Middle East and Australia/New Zealand, the company offers transportation services to all major east/west trading economies of the world. OOCL is one of the leading international carriers serving China, providing a full range of logistics and transportation services throughout the country. It is also an industry leader in the use of information technology and e-commerce to manage the entire cargo process. Website: www.oocl.com