APL Reduces Capacity and Reorganises Global Service Network

Action taken to trim costs and maintain service levels
in light of challenging conditions

Singapore, Oct. 21, 2008 - Container shipping leader APL has today announced a reduction in capacity and significant changes to its global service network in response to increasingly challenging conditions in the major container trades.

CThe main changes to APL’s global service network are detailed below:

Asia-Europe
APL will reduce capacity in the Asia-Europe trade by close to 25%.

From 2 November 2008, APL’s CEX (China Europe Express) Service will be suspended until further notice. The last vessel operating on the CEX will be the APL Austria with an ETA of 26 October at Qingdao.

In light of this change, APL has revised port coverage and voyage length of its SCX (South China Express) service.

The revamped SCX will make new westbound calls at Xiamen, Colombo and Southampton and new eastbound calls at Salalah and Hong Kong. The SCX will cease calling at Thamesport and eastbound at Chiwan. The SCX service will now deploy nine vessels.

The first vessel operating under revised SCX port coverage will be the APL France with an ETA at Ningbo of 3 November.

The SCX revised port rotation is Ningbo, Yangshan, Xiamen, Hong Kong, Chiwan, Singapore, Colombo, Southampton, Zeebrugge, Hamburg, Rotterdam, Salalah, Singapore, Hong Kong and Ningbo.

Transpacific
APL will reduce capacity in the Transpacific trade by around 20%.

The PS3 (Pacific South Express 3) service has been suspended. Subsequently, the PCX (Pacific China Express) service has been upsized and has the following revised port rotation: Ningbo, Yangshan, Kwanyang, Pusan, Long Beach, Oakland, Pusan, Kwanyang, Ningbo.

APL has also suspended the PSW (Pacific South West) service. In light of this change, the SAX (South Asia Express) service now makes additional calls at Yantian and Chiwan. The revised SAX rotation is: Singapore, Yantian, Chiwan, San Pedro, Kaohsiung, Chiwan, Singapore.

The PCE (Pacific Coast Express) omits calls at Xingang and Nagoya, but includes an additional Pusan call in the eastbound direction. Revised coverage is Qingdao, Pusan, Yokohama, San Pedro, Oakland, Dutch Harbor, Yokohama, Pusan, Qingdao.

Xingang is now covered by direct APL feeder service, which also calls at Dalian and Pusan.

Intra-Asia
The SSX (Singapore Subcontinent Express) service has been suspended. The SSX route will be covered by a combination of the CMX (China Middle East Express) and the CSS (China Singapore Service).

The CMX has been upsized to a five ship loop with a revised rotation of Shanghai, Hong Kong, Chiwan, Jebel Ali, Nhava Sheva, Sharjah, Colombo, Singapore, Shanghai.

The CSS will provide additional coverage of Shanghai and Ningbo.

For more information on APL and its comprehensive network of services, visit www.apl.com

About APL
APL is a global container shipping business offering more than 60 weekly services and nearly 300 calls at more than 90 ports in Asia, Europe, the Middle East and the Americas. It combines world-class intermodal operations with leading-edge IT and e-commerce. APL is a unit of Singapore-based Neptune Orient Lines (NOL), a global shipping, logistics and marine terminals company. APL Web site: www.apl.com APL Web site: www.apl.com