News Releases in 2006

May 15, 2006

On 1st June 2006, NYK will take charge of its own agency operations in Russia.

NYK Line (Rus) LLC will take over from Rusmarine who have been NYK's liner agents in Russia for several years.

NYK Group President Mr Koji Miyahara, in Moscow today to mark the establishment of NYK Group's Japanese Resident Representative in Russia, will comment that: "In Russia, we see tremendous potential. The Russian people have demonstrated that potential over the past decade by laying a new foundation for a nation that is on the verge of great economic growth by becoming a much more important player in the supply of energy resources."

As one of the world's largest transportation companies NYK is committed to developing world trade under the slogan of Bringing value to life. The establishment of NYK's own liner agency in Russia is a natural and key step towards this goal underlining NYK's commitment to Russia. NYK established its own logistics company in Russia in 2004, NYK Logistics (CIS) LLC.

NYK Line (Rus) LLC will be headquartered in St Petersburg at:198095, Marshala Govorova str.35, office 415. Tel +7 (812) 335-33-77, Fax +7 (812) 335-83-23with a branch office in Moscow at: 4th Lesnoy pereulok, bld. 4, Moscow, 125047

Rusmarine will handle all liner business up to 31st May 2006 and thereafter NYK Line (Rus) LLC will be responsible for all agency matters.