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NYK acquires all shares of Ceres Container Terminals Europe B.V.

December 25 2006

Nippon Yusen Kaisha (NYK; Head office in Chiyoda-ku, Tokyo; president, Koji Miyahara) acquired all the shares of Ceres Container Terminals Europe B.V., which manages container-terminal operations in Amsterdam, Netherlands, and thus made that company a 100% subsidiary of NYK.

Currently, among the East Asia-Europe Liner services operated by the Grand Alliance, a cooperative organization to which NYK belongs, EU1 and EU2** call at the Ceres Paragon Terminal * operated by Ceres Container Terminals Europe B.V.

[Outline of Ceres Container Terminals Europe B.V.]
1.Company name Ceres Container Terminals Europe B.V.
2.Head office Amsterdam, Netherlands
3.President Pieter Bas Bredius
4.Number of employees 207 (as of September 30, 2006)
5.Capital 170,704 euro
6.Sales 9 million euro (about 1.2 billion yen, according to the 2005 fiscal year record)
* Outline of Ceres Paragon Terminal
Yard area: 550,000 square meters
Overall extended-quay length: 615 meters
Capacity (year): 1,200,000 TEUs
Operating company: Ceres Container Terminals Europe B.V. (a 100% subsidiary of NYK)
** EU1:

weekly fixed-day service with eight 6,200 TEU containerships will call at Kobe, Nagoya, Tokyo, Shimizu, Singapore, Southampton (England), Amsterdam (Netherlands), Hamburg (Germany), Le Havre (France), Singapore, and Kobe.

** EU2:

weekly fixed-day service with eight 5,800-6,700 TEU containerships will call at Kaosiung (Taiwan), Shekou (China), Yantian (China), Hong Kong, Singapore, Le Havre (France), Amsterdam (Netherlands), Hamburg (Germany), Antwerp (Belgium), Southampton (England), Gioia Tauro (Italy), Jeddah (Saudi Arabia), Singapore, and Kaosiung (Taiwan).

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