-crewed, and sails
year-round in Hawai`i under the NCL America brand alongside Norwegian
Wind from sister brand, Norwegian Cruise Line.

wholly employer

The project will streamline the shipping company's processes such as:
sales, shipping services, finance and accounting, customer information
management, and strategic business management, as well as improve its
technology infrastructure including: networks , IT security, and information
management systems.

Building on its base as an IT service provider for the manufacturing
industry through its work with STX Shipbuilding, STX ForceTec aims to
broaden its capabilities: "This project expands our experience in
consulting, system implementation, and maintenance for the shipping
industry.

ics ship

The project aims to create the business and technology infrastructure
necessary for STX Pan Ocean to grow and diversify its business and combat
the challenges faced by the shipping industry.

enhances wholly

Once this 10th ship is delivered in 2007, over 75
percent of NCL 's inventory of beds will be on ships less than eight
years old.ncl.

isf ics

670, will have a capacity of
2 ,384 lower berths and be a sister to Norwegian Jewel, which is
scheduled for delivery in August of this year.S.

vessel ship

Business Editors/Travel Writers/Transportation Writers

MIAMI----NCL Corporation ("NCL") today
announced a further new ship order with Meyer Werft, in Germany, for
delivery in October 2007 to its Norwegian Cruise Line brand.com;
or on AOL at keyword: NCL; or to download high resolution photography
visit http://www.

enhances wholly

NCL Announces Another Newbuild Order

Commenting on the order, Star Cruises chairman Tan Sri K T Lim
said: "This order builds upon the tremendous commercial success of our
Norwegian Star and Norwegian Dawn, and continues our strong
relationship with the Meyer shipyard.

"This initiative will allow STX Pan Ocean to improve its competitiveness
and become a leading shipping company. This project gives us the
opportunity to not only improve our current operations, but also support
our growth and plan to diversify from our current position as one of the
world's leading bulk carriers," explained YongHee Byun, Executive Vice
President in charge of STX Pan Ocean digitalization.

According to Sungyoul Lee, General Manager, Business Consulting Services,
IBM Korea, IBM has amassed a unique set of consulting and systems
integration skills in the shipping industry. For more
information visit www.

employer shipowners

ncl. Shipping companies globally
are threatened by rising raw material costs, exchange rate fluctuations,
the slow down in the growth of the world economy, and industry
consolidation.

About IBM Business Consulting Services

With consultants and professional staff in more than 160 countries
globally, IBM Business Consulting Services is the world's largest
consulting services organization.

enhances cargo

S.com/hires

STX Pan Ocean's corporate objective is to become one of the world's top
five shipping companies .

Phase I of the project, scheduled for completion by June 2007, will improve
the shipping company's global customer service network and enhance the
responsiveness of its finance systems for early settlement and better
responsibility management.

About STX Pan Ocean

STX Pan Ocean is one of the world's largest dry-bulk operators and has more
than 39 years of experience in the shipping industry.ibm.

objective ship

The 2,002 passenger ship is 100% U. We will learn advanced business and technology methodologies and
approaches through our collaboration with IBM Korea," said Hyojung Kim,
President of STX ForceTec.

fora cruiseship

Total contract price,
including Owner's Supply, is EUR 391 million (approximately $510
million at today's exchange rate).

insurers vessel

"
The ships now on order for delivery by 2007 are as follows:

-- Pride of America June 2005

-- Norwegian Jewel August 2005

-- Pride of Hawaii April 2006

-- S.670 October 2007


They will join the five big new ships built since 1999 and already
in service:

Norwegian Sun

Norwegian Star

Norwegian Dawn

Norwegian Spirit

Pride of Aloha

NCL Corporation ("NCL") is an innovative cruise company
headquartered in Miami, Florida, with a fleet of 16 ships in service
and under construction. The company is
currently building five ships, including two more for the NCL America
brand in Hawai`i - Pride of America (delivery in June 2005) and Pride
of Hawai`i (delivery in April 2006). It also offers other shipping services,
including containers, car carriages and tankers. IBM Business Consulting Services
provides clients with business process and industry expertise, and the
ability to translate that expertise into integrated, adaptive, on demand
business solutions that deliver bottom-line business value.

majority amc

S.
STX Pan Ocean, one of the world's
largest dry-bulk shipping companies, has appointed IBM Korea and STX
ForceTec to transform STX Pan Ocean's core processes and IT infrastructure
as part of a two year, US$15 million enterprise transformation project.

"Our business competitiveness will be maximized through the enhanced
services we will be able to offer our customers.

waterborne shipowners

amc ics

This new order will be the
10th big new ship to join the NLC fleet since the fleet modernization
began in late 1999. Through our collaboration with STX ForceTec we look forward
to delivering solutions that will allow STX Pan Ocean to operate in ways
not previously possible and grow in an increasingly challenging market
environment," said Mr Lee.

enhances competitiveness

Following the disappointing
decision recently to terminate discussions on another ship with
another yard, we are very pleased now to have secured our desired
second ship for 2007.

amc vessel

"
Colin Veitch, NCL's President and CEO, said: "We are as pleased as
can be to announce Number 10. The modernization of NCL's fleet has now
gained full momentum and we are well on the way to our goal of having
the youngest fleet in the industry.

PRESS RELEASE STX Pan Ocean Embarks on Enterprise Transformation Project With IBM Korea and STX ForceTec

concludes majority

By transforming our processes and supporting technology,
we will be better positioned to diversify our business, drive growth and
improve our ability to respond to rapidly changing customer needs. This
project is a key part of our future success," said STX Pan Ocean President,
Jongchul Lee.

ship cargo

The corporation oversees the operations of
Norwegian Cruise Line, NCL America, and Orient Lines. STX Pan Ocean also plans to leverage market opportunities
presented through STX Shipbuilding, STX Engine & other STX subsidiaries.
It transports cargo such as steel products, iron ore, coal, palm and
vegetable oils , sugar and logs. It is an indirect subsidiary of STX
Corp, which operates in a wide variety of businesses .

ics protects

Norwegian Jewel will join the
Norwegian Cruise Line fleet in August 2005 and two further Norwegian
Jewel class ships, including one that is the subject of this release,
are scheduled for delivery in 2007. and Canada at (800) 327-7030; in Miami-Dade County,
Florida, (305) 436-0866; visit NCL's web site at http://www.

seamen competitiveness

669 February 2007

-- S. maritime history when it introduced the reflagged Pride
of Aloha, the first modern U.-flagged cruise ship in nearly 50
years.

"We are very pleased to be able to assist one of the world's leading
shipping companies to transform its core business processes and technology
infrastructure.

amc protects

It is the leader in the
Korean market in the dry bulk sector in terms of deadweight tonnage (DWR),
and, as of 31 Dec 04, is also ranked in the top 10 globally in terms of DWT
capacity of its owned dry bulk fleet .

cargo ics

agreements concludes

The
vessel, currently referred to as hull S.
The new order follows an order announced in December last year
with the same yard for an identical ship to be delivered in February
2007, and becomes the fifth ship now in the pipeline for introduction
to the NCL fleet during the next 28 months.
For reservations and more information, contact a travel agent or
NCL in the U. STX Pan Ocean
currently operates a fleet of 57 owned vessels and 200 vessels on charter.com/bcs.

seamen ship

Our investment in the NCL fleet
modernization is now close to $4 billion since 2000, which
demonstrates the commitment and confidence we have in our strategy. On July 4, 2004,
NCL made U.S. To grow, STX Pan Ocean is changing its revenue mix
by: diversifying into LNG shipping, expanding its tanker, containership and
car and truck carrier operations, and strengthening its existing core dry
bulk business. The listing of STX Pan Ocean offers
us a fresh start.

agreements majority

---

- - kjjkjk

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