NYK Line Signs on as Fifteenth Carrier in INTTRA’s Global Logistics Network

March 18, 2002

Addition of Japan-based carrier expands INTTRA's presence in the Asian market

Parsippany, NJ, U.S.A. and Tokyo, Japan - March 18, 2002 - INTTRA (www.inttra.com), the leading provider of B2B ocean freight services, today announced that Nippon Yusen Kaisha (NYK Line) has joined its global logistics network bringing the total number of INTTRA participating carriers to fifteen. One of the world's leading shipping companies, NYK Line (www.nykline.com)follows United Arab Shipping Company and Deutsche Afrika-Linien as the most recent members of the INTTRA network. NYK Line is the first Asian carrier to join the INTTRA global logistics network, bringing INTTRA's overall market capacity to approximately 46 percent.

Mr. Tsunenari Tokugawa, Executive Vice President, NYK Line Tokyo commented, "NYK has a strong belief that customers should be the center of e-Commerce initiatives. Participation with INTTRA is in line with our 'Customer Center' philosophy. We want to be more responsive to customers' diverse requirements and provide them with more options for doing business with NYK."

Mr. Yutaka Yasunaga, Chief Information Officer of NYK Line (North America) Inc. added, "For the last two years, NYK has invested substantially to become more competitive in the world of e-Commerce. This effort has led to the success and development of our own Pegasus Internet initiatives. Our cutting-edge technology and experience in the field of e-Commerce, coupled with the sophisticated technical team at INTTRA, should enable a smooth integration of all systems." Since its founding in 1885, NYK Line has become one of the world's leading shipping companies. Presently, 40 percent of all INTTRA registrants use NYK Line, and 55 percent of all INTTRA shipments originate in Asia.

Ken Bloom, Chief Executive Officer and President of INTTRA said, "We are pleased that NYK has selected INTTRA for complete integration as many of our registrants already use and have requested NYK. Further, we are pleased that NYK sees INTTRA as an extension of its e-commerce solution."

INTTRA requires no software investment for shippers, and is open to qualified supply chain participants. INTTRA provides important benefits, including improved customer service through Web visibility to all in-transit containerized cargo, reduced operating costs through simplified booking management processes, standardized communications via connectivity to the INTTRA transportation network, business and data security via carrier equality-based governance structure, and strict guidelines regarding data and IT security. INTTRA has more than 1,200 registered shippers and freight forwarders around the globe, and has managed more than 160,000 bookings and 1.7 million container events since going live in October 2001.

About INTTRA
Incorporated in January 2001 and financially sponsored by a group of leading global carriers and logistics providers ( CMA CGM, Hamburg Süd, Hapag-Lloyd, Kuehne & Nagel International AG, Maersk Sealand, MSC Mediterranean Shipping Company S.A., P&O Nedlloyd, and United Arab Shipping Company), INTTRA's mission is to drive efficiencies into the ocean transportation industry by streamlining and standardizing traditionally inefficient processes. INTTRA enables shippers, freight forwarders, third party logistics providers, brokers, importers, and industry portals to manage the booking and tracking of cargo across multiple shipping lines in a single integrated process. With headquarters in Parsippany, NJ U.S.A., and offices in Copenhagen, Denmark, and Hong Kong, China, INTTRA's Web-based portal meets today's demand for simplicity, transparency, neutrality, and confidentiality across the global supply chain, and is designed to deliver connectivity by establishing global shipping standards.