NYK Line (Nippon Yusen Kaisha Line) announced the enhancement of their Europe-East Coast South America Service (the SAS Service) which will take effect from May, 2002.Since January 2001, the service has been provided on basis of slot charter with CSAV, and NYK Line have now come to an agreement with CSAV, Montemar, Contship and Senator, to form a new consortium. The new service will offer a fixed-day weekly service with seven 2,500 TEU vessels, and NYK Line will be providing and operating one vessel.

It is planned that the new service will call at Rotterdam, Tilbury, Hamburg, Antwerp, Le Havre and Bilbao in Europe, and Rio de Janeiro, Santos, Paranagua, Buenos Aires, Montevideo, Rio Grande, Itajai and Salvador on the East Coast of South America.

NYK Line have an established and comprehensive service network both in Europe and the East Coast of South America and this enhanced service will ensure further commitment to their customers by offering increased space availability and a more reliable service.

NYK Line General Agents in Argentina are

Messrs. Agencia Marítima Multimar

Tel: 54 11 4328 3111

E-Mail: multimar@multimar.com.ar