CSAV NORASIA Announces Upgrade For MTP Service

Hong Kong, March 22nd, 2006 - CSAV NORASIA today announced a vessel upgrade to its Mid-China Transpacific (MTP) service. The service, which connects central China and Korea to the west coast of the United States, is operated in partnership with Wan Hai.

With effect from M/V Wan Hai 312, departing Ningbo on March 23rd, Wan Hai will upgrade its existing three vessels on the service. The upgrade to the service will be completed by May 2006.

The new vessels, which will have service speeds of around 22 knots, will allow CSAV NORASIA to offer better transit times, improved service reliability, and further options for customers on this important trade route. CSAV NORASIA provides one ship on this service, with similar speed performance.

CSAV NORASIA is a leading shipping line in the East-West trade routes. Located in Hong Kong, it is part of the CSAV Group, which is located in Valparaiso, Chile. To know more visit our website http://www.csavnorasia.com/

(Wednesday 22nd March, 2006)