NOL Operational update for Period 8

September 13, 2010: NOL has released its container shipping operating performance
for Period 8, the four weeks from 24 July 2010 to 20 August 2010.



For the four weeks of P8 2010, container shipping volumes increased 13% over the same period last year mainly due to higher volumes carried from most major trade lanes, particularly the Transpacific and Asia Europe trade lanes. Average revenue per FEU was 45% above the same period last year, due to improved core freight rates in the major trade lanes and peak season surcharges on higher volumes.

For P8 YTD 2010, container shipping volumes increased 32% while average revenue per FEU increased 19%, over P7 YTD 2009 levels.

For more information, visit: http://www.nol.com.sg/investor/operational_update.html

NOL