CKYH to Rationalize European Services

Following the previous announcement, the CKYH Alliance (COSCO, "K"LINE, Yang Ming, Hanjin Shipping) has announced its further rationalization plan for the CKYH Asia/Europe services, during the traditional slack season from early December 2008 to end of March 2009.

In addition to the announced CNX service suspension plan, the CKYH Alliance will combine the AES and AEN services from end of November by offering a combined service called CNEU, with direct port callings at Dalian, Xingang, Qingdao, Shanghai, Ningbo, Hong Kong, Nansha, Yantian, Singapore, Rotterdam, Felixstowe, Hamburg, Antwerp, Singapore, Hong Kong and Shanghai .

Additionally a number of sailings in both the AES2 and AES3 services will be suspended from mid December 2008, in order to cope with the slack season. However the CKYH Alliance will modify the service network of the AES1, AES2 and AES3 services, to meet the needs of its customers by maintaining the existing port coverage and service.

On the basis of this rationalization plan the weekly CKYH capacity to North Europe during the slack season, will be reduced by around 16,000TEU or 30% of the existing capacity.

CKYH will continue providing high quality services for its customers.

Note

AES (to be replaced by CNEU from end of November, 2008)

Port Callings:

Shanghai-Ningbo-Xiamen-HongKong-Nansha-Singapore-Rotterdam-Hamburg-Antwerp-Singapore-HongKong-Shanghai

Vessels deployed: 8*8204-9469TEU

AEN (to be replaced by CNEU from end of November, 2008)

Port Callings:

Lianyungang-Dalian-Tianjin-Qingdao-Yantian-HongKong-Felixstowe-Hamburg-Rotterdam-Nansha-Lianyungang

Vessels deployed: 8*9469-10000TEU

CNEU (Start from end of November, 2008)

Port Callings:

Dalian-Xingang-Qingdao-Shanghai-Ningbo-Hongkong-Nansha-Yantian-Singapore-Rotterdam-Felixstowe-Hamburg-Antwerp-Singapore-Hongkong-Shanghai-Dalian.

Vessels deployed: 10*9469-10000TEU

AES2 (to harmonize with AES1 and AES3 from mid December, 2008)

Port Callings:

Kobe-Tokyo-Nagoya-Hong Kong-Singapore-Port Said-Rotterdam-Felixstowe-Le Havre-Port Said-Singapore-Hong Kong-Yantian-Xiamen-Shanghai-Nagoya-Tokyo

Vessels deployed: 13*5500TEU

AES3 (to harmonize with AES1 and AES2 from mid December, 2008)

Port Callings:

Xingang-Qingdao-Shanghai-Ningbo-Yantain-Singapore-Jeddah-Port Said-Hamburg-Rotterdam-Antwerp-Jeddah-Singapore-Yantain-Xingang

Vessel deployed: 9*4250-8500TEU