“K” Line, Hanjin and Yang Ming will rationalize their East Coast South America

(Brazil) / U.S East Coast service effective from May, 2008, through a new cooperation scheme on CSAV’s current ‘USATLAN’ service.

This service from/to East Coast of South America to/from the US East Coast will replace current ‘ECAS’ service jointly operated by Hanjin, ‘K’ Line, Hyundai, and Yang Ming’s 4 x 1800 teu vessels. Last vessel of ECAS service will be Port Said 20 S/N ’ ETA Santos: May 5th 2008.

With this change, KHY will continue to offer weekly service in the ECSA/USEC market.