APPENDIX 2

Top 20 Container Service Operators

     (As of September 1^st, 1996)

Carrier

Capacity

No. of

Average

TEU.

Vessels

Size

Maersk Line

232,257

106

 2,191

Evergreen/Uniglory

228,248

108

 2,113

P&O Nedloyd

221,531

106

 2,090

Sea-Land Service

215,114

95

 2,264

COSCO

201,593

139

 1,450

Hanjin Shipping (1)

174,526

62

 2,815

Mediterranean Shipping

154,185

100

 1,542

Mitsui OSK Lines

115,763

62

 1,867

NYK Line/TSK

128,154

68

 1,885

Hyundai Merchant Marine

112,958

36

 3,138

Zim Israel Navigation

98,086

59

 1,662

Yang Ming Marine

96,145

42

 2,289

CMA-CGM (2)

89,658

64

 1,401

OOCL

85,940

30

 2,865

Neptune Orient Lines (3)

85,664

36

 2,380

CP Ships (4)

85,016

46

 1,848

K Line

84,198

45

 1,871

American President Lines

79,918

38

 2,103

Hapag-Lloyd Containerline (5)

73,372

23

 3,190

Cho Yang Shipping

55,882

30

 1,863

Total

2,618,208

1,295

n.m

Notes:

(1) Includes Hanjin's 70% shareholding in DSR-Senator Lines
(2) Includes CGM's 50% shareholding in German reefer specialist Horn Linie
(3) Includes NOL's equity interests in PUL Int, Lorenzo Shipping, Centenary Shipping and Nepline
(4) Encompasses the containership fleets of Canada Maritime, Cast, Contship Containerlines and Lykes Lines
(5) Excludes the Rickmers Linie fleet

Source: Containerization International Yearbook & Taiwan Ratings