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NYK Joins Multiple Portals

March 18, 2002

In a continuing effort to meet diverse customer requirements, NYK Line has announced that it will join three shipping industry e-Commerce portals: GT Nexus, INTTRA and Cargo Smart. This decision by NYK management comes from NYK's long standing, customer-focused philosophy. Our goal is to provide customers with flexible options to access their NYK shipment information with maximum flexibility and convenience.

Mr. Tsunenari Tokugawa, Executive Vice President, NYK Line Tokyo commented, "NYK has a strong belief that customers should be the center of e-Commerce initiatives. Participation with GT Nexus, INTTRA and Cargo Smart is in line with our 'Customer Center' philosophy. We want to be more responsive to customers' diverse requirements and provide them with more options for doing business with NYK."

Mr. Yutaka Yasunaga, Chief Information Officer of NYK Line (North America) Inc. added, "For the last two years, NYK has invested substantially to become more competitive in the world of e-Commerce. This effort has led to the success and development of our own Pegasus Internet initiatives. Our cutting-edge technology and experience in the field of e-Commerce, coupled with the sophisticated technical teams of the other industry portals should enable a smooth integration of all systems."

NYK has become more and more competitive in the world of e-Commerce by promoting its own Internet and e-Commerce initiative, Pegasus. The success of Pegasus, with its advanced technology and, our project experience, enables NYK to smoothly integrate with the three additional portals. Although many other carriers are members of one of the three, NYK Line will be the first carrier to join multiple portals. NYK Line is working with each portal to detail technical integration, and when completed, will announce the official date of implementation.

From NYK's perspective, participation with the portals is just one small milestone in the big picture of e-Commerce strategies centered around Pegasus. NYK Line is committed to continue its efforts to expand and further enhance its own e-commerce initiatives, which have already achieved an excellent reputation among its customers. As of March 15, 2002, NYK Line offers the following on-line applications through its website at www.nykline.com: Schedules; Container Tracking; Rate Inquiry; Booking; Shipping Instructions; Bill-of-Lading Processing; Shipment Summary; Cargo Tracing; Shipment Details; Exception Reporting; Cut-Off and Availability; Event Notification (to be released in the near future).

NYK Line is proud to offer these on-line services considered to be among the very best in the shipping industry.

About NYK
Nippon Yusen Kabushiki Kaisha (NYK), founded in 1885, is Japanese largest marine transportation company with operations spanning the globe. NYK and its group companies own and operate some 758 vessels that provide a broad range of shipping services that include container, cruise, tramp, and specialized transport services. The Company also offers logistics services in a highly integrated transportation network. NYK's webiste can be accessed: www.nykline.com.

The news on this website is as of the date announced and may change without notice.