Vessel Sharing Agreement between Maersk Line and MISC Berhad in the South East Asia - New Zealand trade

Released on: April 17, 2008, 2:26 am

Press Release Author: Maersk Line

Industry: Transportation & Logistics

Press Release Summary: We are pleased to announce that Maersk Line has entered a
Vessel Sharing Agreement (VSA) with MISC Berhad in the South East Asia - New Zealand

Press Release Body: We are pleased to announce that Maersk Line has entered a Vessel
Sharing Agreement (VSA) with MISC Berhad in the South East Asia - New Zealand trade.

The agreement will take effect 9 June 2008 and the service will deploy four 4,100
TEU vessels. Maersk Line will operate three of the vessels and MISC Berhad will
operate the fourth.

The service remains unchanged to the product Maersk Line offers today and it
provides our customers with a fixed weekly service with the following port rotation:
Tanjung Pelepas (Malaysia), Singapore, Brisbane (Australia), Auckland (New Zealand),
Port Chalmers (New Zealand), and Tanjung Pelepas (Malaysia).

Our customers will continue to benefit from the fastest south bound connection into
the New Zealand market with connection to our extensive feeder network connecting
via Auckland and Port Chalmers. The north bound leg will continue to offer the
fastest service from New Zealand and ensure optimal conditions for the exporting

The above changes are a reflection of the presently unsustainable trading conditions
in the South East Asia - New Zealand market.

Maersk Line will continue to offer a stable and reliable service to our customers -
with the foundation being a reasonable return on investments. This can only be
achieved by optimising the utilisation of our assets and through recognition in the
market of the sharply increased operational cost, which presently does not allow for
an acceptable return.

Through open dialogue, Maersk Line will continue to engage customers in determining
the optimal service product in terms of cost, scope, size, and quality.

The VSA expresses our commitment to the New Zealand market and our aim to provide an
efficient and reliable service, which will support New Zealand\'s position in the
global market place.

About Maersk Line
Maersk Line is one of the leading liner shipping companies in the world, serving
customers globally. More than 550 container vessels and more than 1,400,000
containers ensure its customers a reliable and comprehensive worldwide coverage.
Maersk Line is the container shipping arm of the A. P. Moller - Maersk Group which
is headquartered in Copenhagen, Denmark and has presence in more than 125 countries,
employing in excess of 110,000 employees. The group is mainly involved in container
shipping activities including logistics and terminal operation, tankers, oil and gas
activities, retail, shipyards and manufacturing activities.

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Contact Details: Adfactors Public Relations Pvt Ltd
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Mumbai 400021.
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