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Representative from Baoshan Iron and Steel Visits NYK

September 5, 2007

Center left Fu Zhongzhe, president of Baoshan Iron and Steel Co., Ltd.
Center right Koji Miyahara, president of NYK
Right Hiromitsu Kuramoto, senior managing corporate officer of NY

On September 4, Fu Zhongzhe, president of Baoshan Iron and Steel Co.,Ltd. (Head office: Shanghai, China), led a five-member delegation that paid a courtesy call to the head office of Nippon Yusen Kabushiki Kaisha (NYK) in Tokyo and met with NYK president Koji Miyahara and senior managing corporate officer Hiromitsu Kuramoto.

At the meeting, Mr. Miyahara expressed his happiness over the delegation' visit and gratitude to Baosteel for the long-term contracts entrusted to NYK. NYK will remain active in its role of assisting with continuing growth in China. Mr. Fu voiced his gratitude to NYK for its stable transport of iron ore and his hope for steadfast relations between China and Japan.