Annual Report 2003 24 Mitsui O.S.K. Lines

MOL in the Industry

MOL operates a large and balanced ocean-going fleet. In terms of its total fleet size and presence in individual market categories, MOL ranks among the ’s largest shipping companies.

WORLD’S MAJOR CARRIERS (ALL VESSEL TYPES) COMPANY CONTAINER FLEET BY TEU CAPACITY *Consolidated; chartered vessels excluded

(million DWT) (thousand TEU) 051015 20 25 0 100 200 300 400 500 600 700 800 COSCO SeaLand () MSC MOL 23 Evergreen () 258 P&O Nedlloyd Fredriksen Hanjin (Norway) APL NYK COSCO (Japan) CMA-CGM Ofer () NYK Teekay CP Ships (Canada) MOL 156 AP Moller OOCL (Denmark) Hapag-Lloyd K Line China Shipping (Japan) Zim 0 500 1,000 1,500 2,000 2,500 Yang Ming (number of HMM vessels) -Sud DWT Vessels PIL

Source: Lloyds Register Fairplay Source: MDS Transmodal “Containership Databank,” February 2003 As of January 2003 As of February 2003

TANKERS BULK CARRIERS

(million DWT) 0 51015 20 (million DWT) 0 36912 Fredriksen MOL 9.4

MOL 11.3 NYK

Teekay Zodiac

NYK K Line

World-Wide K.G. Jebsen Overseas Pan Ocean

Vela Int’l Hyundai Bergesen Bergesen

Zodiac Marmaras Nav.

AP Moller Angelicoussis

Source: Clarkson Tanker Register 2003 Source: Clarkson Bulkcarrier Register 2003 As of January 2003 As of January 2003 Annual Report 2003 25 Mitsui O.S.K. Lines

LNG CARRIERS CAR CARRIERS Fleet under management or majority of ownership

(number of vessels) (number of vessels) 0 61218 24 0 20 40 60 80 MOL* 23 NYK

Shell EUKOR (Alsoc/Stasco)

MOL 66 PTSB/MISC K Line

NYK WWL

Golar LNG HUAL

Source: Barry Rogliano Salles, etc. Source: MOL internal calculation based on Fearnley’s July 2002 data As of December 31, 2002 As of May 2003 *MOL participates in the ownership and/or operation of 53 of the approximately 195 LNG carriers worldwide that are either operating or planned.

MOL Fleet Composition (Non-Consolidated)

Chemical/ Containerships 66 Products 34 (2,635,100) Tankers (1,635,474)

Bulk Carriers 181 LNG Carriers 23 (15,882,606) (1,560,885)

Wood Chip Fleet 35 LPG Carriers 7 Carriers (1,617,180) (209,327) Others Car Carriers 84 (Heavylifters, Ferries 16 (1,184,017) and Others) (233,436) Crude Oil 36 Total 482 Tankers (8,727,038) (33,685,063) Figures in parentheses show deadweight tons (DWT). As of March 31, 2003 Note: Figures in the six tables do not match data in MOL Fleet Composition due to discrepancies between the calculation methods of external organizations and MOL.