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May 18, 2006
Kawasaki Kisen Kaisha, Ltd.

"K" Line launches New South East Asia Feeder Service

Kawasaki Kisen Kaisha, Ltd. ("K" Line) and New Econ Line Pte Ltd (NEL) will jointly launch a new South East Asia Feeder Service (ASECO-X2) that will commence in June 2006.

Three (3) vessels having 550 TEU capacity are to be deployed in this new South East Asia Feeder Service on a weekly basis.

The new service is intended as follows:
Penang - Port Kelang - Singapore - Ho Chi Minh City - Singapore - Laem Chabang - Bangkok - Laem Chabang - Singapore - Port Kelang - Penang

This new feeder service serves as 2nd strings of our existing ASECO-X jointly operated service with NEL and will cater not only to Intra-Asia traffic but also to provide high quality feeder service to trunk line cargoes to/from growing market such as Thailand, Vietnam & Malaysia.

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