INDUSTRY NEWS
Yusen Shanghai obtains " A" License

Yusen is pleased to advise that on October 23rd its Shanghai operation was granted a First Class Airfreight Agency ("A")License from the Civil Aviation Administration of China (CAAC). This allows Yusen Shanghai to offer full customs clearance services (export and import) as well as additional local services.

Following this recognition in Eastern China, Yusen expects to obtain similar status in Northern and Southern China in 2004