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MOL Receives Amver Assisted Rescue at Sea Award, 26 September 2011

News Release Mitsui O.S.K. Lines, Ltd. (Head Office) September 26, 2011
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<DIV><FONT size=3 face=TTE1C5D9A0t00><FONT size=3 face=TTE1C5D9A0t00>
<P align=left>TOKYO&#8212;Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto)
today announced that the</P>
<P align=left>company has received the 2011 Amver Assisted Rescue at Sea Award
presented by Lloyd&#8217;s</P>
<P align=left>List, the newspaper covering the global shipping industry.</P>
<P align=left>The Amver Assisted Rescue at Sea Award praises seafarers for
rescue activities</P>
<P align=left>demonstrating extraordinary courage and seamanship. This year&#8217;s
award honors the</P>
<P align=left>MOL-owned woodchip carriers </FONT></FONT><FONT size=3
face=TTE1C5D9A0t00><FONT size=3 face=TTE1C5D9A0t00>Hokuetsu Delight
</FONT></FONT><FONT size=3 face=TTE1C5D9A0t00><FONT size=3
face=TTE1C5D9A0t00>and </FONT></FONT><FONT size=3 face=TTE1C5D9A0t00><FONT
size=3 face=TTE1C5D9A0t00>Crystal Pioneer</FONT></FONT><FONT size=3
face=TTE1C5D9A0t00><FONT size=3 face=TTE1C5D9A0t00>, which rescued all</P>
<P align=left>64 persons adrift from the sailing training ship
</FONT></FONT><FONT size=3 face=TTE1C5D9A0t00><FONT size=3
face=TTE1C5D9A0t00>Concordia</FONT></FONT><FONT size=3 face=TTE1C5D9A0t00><FONT
size=3 face=TTE1C5D9A0t00>, which capsized in the Atlantic</P>
<P align=left>Ocean 550km southeast of Rio de Janeiro.</P>
<P align=left>The 57-meter </FONT></FONT><FONT size=3 face=TTE1C5D9A0t00><FONT
size=3 face=TTE1C5D9A0t00>Concordia</FONT></FONT><FONT size=3
face=TTE1C5D9A0t00><FONT size=3 face=TTE1C5D9A0t00>, operated as a floating
school, encountered fierce winds on</P>
<P align=left>February 17 and capsized around 8:00 p.m. that night, with the
crew and trainees, high</P>
<P align=left>school and university students, abandoning the ship.</P>
<P align=left>Search and rescue activities took place from the night of the
incident until the morning of</P>
<P align=left>the 19</FONT></FONT><FONT size=1 face=TTE1C5D9A0t00><FONT size=1
face=TTE1C5D9A0t00>th</FONT></FONT><FONT size=3 face=TTE1C5D9A0t00><FONT size=3
face=TTE1C5D9A0t00>. Despite high winds, choppy seas, and limited predawn
visibility, the two</P>
<P align=left>woodchip carriers searched for and located the shipwreck
survivors. The task was all the</P>
<P align=left>more difficult considering that the huge wood chip carriers are
easily affected by winds</P>
<P align=left>and difficult to maneuver. However, the highly skilled officers
and crew members</P>
<P align=left>completed the rescue operations without any secondary injuries or
damage.</P>
<P align=left>On September 20, Mitsui O.S.K. Bulk Shipping (Europe) Ltd.
Managing Director Mitsuhiro</P>
<P align=left>Iwata and other executives attended the awards ceremony held at
the Hilton Hotel in</P>
<P align=left>London.</P></FONT></FONT><FONT size=2 face=Helvetica><FONT size=2
face=Helvetica>
<P align=left>At the awards ceremony, one judge commented, &#8220;The operation to
save such a large group of</P>
<P align=left>student sailors was a deeply impressive display of skill and
bravery by all involved. The actions</P>
<P align=left>of the </FONT></FONT><I><FONT size=2 face=Helvetica-Oblique><FONT
size=2 face=Helvetica-Oblique>Crystal Pioneer </I></FONT></FONT><FONT size=2
face=Helvetica><FONT size=2 face=Helvetica>and </FONT></FONT><I><FONT size=2
face=Helvetica-Oblique><FONT size=2 face=Helvetica-Oblique>Hokuetsu Delight
</I></FONT></FONT><FONT size=2 face=Helvetica><FONT size=2
face=Helvetica>offered a perfect display of international cooperation</P>
<P align=left>and a shining example of best practices.&#8221;</P></FONT></FONT><FONT
size=3 face=TTE1C5D9A0t00><FONT size=3 face=TTE1C5D9A0t00>
<P align=left>[Hokuetsu Delight]</P>
<P align=left>Capacity: 40,259 dwt</P>
<P align=left>Length: 199.91m</P>
<P align=left>Crew: 22 Filipino</P>
<P align=left>[Crystal Pioneer]</P>
<P align=left>Capacity: 49,720 dwt</P>
<P align=left>Length: 209.99m</P>
<P align=left>Crew: 23 Filipino</P></FONT></FONT></DIV></BODY></HTML>