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TMM AND APL WILL PARTNER IN THE PACIFIC

 MEXICO CITY, Nov. 4 /PRNewswire/ -- Transportacion Maritima Mexicana (NYSE: TMM) today announced that it has signed a slot-exchange agreement with American President Lines (NYSE: APS), in the trans-Pacific trade which, when approved by U.S. federal regulators, will allow both carriers to substantially improve their services.
 In the Asia-to-Mexico trade, for example, the partnership will result in the first direct, all water service that will link the two markets on a fixed-day-of-the-week basis.
 In the Asia-U.S. trade, the agreement will enable TMM to offer its customers a fixed day, weekly schedule for the first time.
 Under the new system, cargo originating from every major port in Asia will move by APL containership to APL terminals in Japan and Korea, where it will relay to one of six TMM vessels bound for the Mexican ports of Manzanillo and Lazaro Cardenas. Six TMM vessels will be dedicated to this service.
 TMM customers will realize several advantages as a result of this unique partnership, such as substantial improvement in transit times from Southeast Asia, Hong Kong and Taiwan and the introduction of fixed weekly direct service from Japan and Korea, which will replace the existing 8-1/2 day rotation as well as access to APL's extensive Asian network via feeder.
 Both carriers said they will also initiate a weekly joint feeder operation from Mexico to destinations in Costa Rica, El Salvador and Guatemala, including a new call at Balboa, Panama. This service will provide competitive transit times from the Far East to Central America.
 With this agreement, APL is able to eliminate U.S. border crossings and the need for double customs entries, helping to dramatically reduce transit times. From Busan to Mexico City, for example, the transit will take 19 days, saving three days under the new system. The transit to Yokahama from Mexico City will take 18 days, a savings of one week.
 The TMM/APL partnership will not only enable TMM to step from an eight-day frequency in the U.S. to a fixed day weekly rotation, it also will enable TMM to expand its service to Oakland and Seattle, riding in APL vessels, as well as to Singapore and Port Kelang in Malaysia.
 TMM offices in Los Angeles and San Francisco will be expanded while information systems at all locations are being enhanced.
 Furthermore, TMM's transit times will be enhanced. From Hong Kong to Southern California, for example, the voyage will be reduced by six days to 13 days, and from Los Angeles to Yokahama, two days will be saved from the previous 13-day transit.
 In addition, TMM intends to contract with APL for stack-train service, expanding its inter-modal activities.
 The two companies will market their services separately.
 TMM intends to explore further arrangements with APL with a view towards increasing operating efficiencies for both parties.
 Headquartered in Mexico City, TMM is Latin America's largest integrated transportation company. Through its 21 branch offices and network of subsidiary companies, TMM provides a dynamic combination of ocean and land transportation services inside Mexico, serving North, Central, and South America, as well as Asia and Europe. TMM line vessels regularly link 35 countries through 150 ports.
 APL is part of the American President Companies group, based in Oakland, Calif. The group provides container transportation and related services in North America, Asia and the Middle East through an inter-modal system combining ocean, rail and truck transportation.
 -0- 11/4/93
 /CONTACT: Miguel Garcia or Pedro Mejorada of TMM, 011-525-665-7744 or 011-525-606-4811; Charles Kerr of TMM-Los Angeles, 310-514-2929; or Cathleen Mayrose of Dewe Rogerson, 212-688-6840/
 (TMM APS)


CO: Transportacion Maritima Mexicana; American President Lines ST: California IN: TRN SU:

GK-LG -- NY037 -- 0618 11/04/93 10:33 EST
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Publication:PR Newswire
Date:Nov 4, 1993
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