Tacoma Plans Terminal for Yusen Terminal Tacoma Inc.

Maritime Activity Reports, Inc.

July 26, 2007

The Port of Tacoma announced plans to build a $300m, 168-acre (68-hectare) container terminal on the industrial east side of Tacoma's Blair Waterway. The terminal will be leased to a container terminal operator, Yusen Terminal Tacoma Inc., a wholly-owned subsidiary of NYK Line.

The plan was approved by NYK Line at its Board of Directors July 26 meeting in Tokyo, Japan. The Port of Tacoma Commission will hold a special meeting in Tacoma tonight to consider and approve the final lease.

The lease agreement will introduce Yusen Terminal Tacoma Inc. (YTTI) to the Pacific Northwest. Another subsidiary of NYK Line, Yusen Terminals, Inc. (YTI), is currently operating a terminal in the Port of Los Angeles and now the NYK Group is expanding into the Puget Sound.

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