CSAV Announces Establishment Of New Korean Agency

CSAV Group Agencies (Korea) Co. Ltd. Becomes Part of the Growing CSAV Presence Worldwide

Hong Kong, February 21st 2006-CSAV today announced that it has established its Agency operations in Korea. The company will be known as CSAV Group Agencies (Korea) Co. Ltd. and will represent Norasia Container Lines Limited and Compania Sudamericana de Vapores (CSAV).

Korea is a key part of CSAV's global strategy and its entry in the market underlines the importance of the country and the significance CSAV places on it as part of its overall global operation.

CSAV Group Agencies (Korea) Co. Ltd will have offices in Seoul and Busan and will continue to focus on providing outstanding service to its customers. Korea is served by a number of services from Norasia and CSAV on the East-West and North-South trade lanes.

Compania Sudamericana de Vapores (CSAV) is a Chilean publicly traded shipping company, presently the largest in Latin America and one of the oldest shipping companies in the world, having been founded in 1872. CSAV provides container and specialized cargo services (bulk, reefer and vehicles).

To know more visit our websites www.csav.com or www.norasia.com
For queries contact marketing@norasia.com

(21st Feb,2006)