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March 18, 2003
Kawasaki Kisen Kaisha, Ltd.

"K" Line Total Logistics, Commencement of "One-Stop Service" in Indonesia

Kawasaki Kisen Kaisha, Ltd. ("K" LINE) and its wholly-owned subsidiary, PT."K" Line Indonesia, are pleased to announce that their newly-established logistics company, PT."K" Line Total Logistics Indonesia (KTLI), has obtained its forwarding business license from the government of Indonesia. As from April 1, the new logistics company will commence its services in which we take great pride as the first full-scale"One-Stop Service" in Indonesia.
One of its main business activities will be SCM / total logistics control throughout the entire logistics chain from end-to-end. KTLI was recently appointed as the general agent in Indonesia for Century Distribution Systems, Inc. whose Buyers Consolidation services have been highly evaluated with excellent reputation by many major buyers in North America for their advanced IT capability for SCM / total logistics control. KTLI will be continuously extending this new first-class logistics service more and more to Indonesian suppliers and buyers. The combined service of their customs brokering, forwarding, trucking and cargo space booking and seamless arrangements with"K" LINE's ocean transportation service can provide far more convenient"One-Stop Service" for Indonesian customers on both the domestic and international logistics field. In the ASEAN countries, the inter-area trade volume is expected to increase dynamically thanks to introduction of AFTA. Under such circumstances, KTLI is in a position to offer customers highest quality in efficient logistics service, especially for automobile industry customers considering their"cross supply and assemble operation" within ASEAN countries. For instance, KTLI is aggressively promoting its action as the first automobile-carrier-car owner / operator among"K" LINE group companies. KTLI and"K" LINE group are very proud of the new logistics services be introduced in Indonesia, and will continue to develop further value-added services that will best meet the requirements of their valued customers.

Summary of the newly-established company and its logistics service

Company name PT. "K" Line Total Logistics Indonesia
Paid-in capital US$500,000
Address Summitmas II 14th Floor, Jl Jend, Sudirman Kav. 61-62, Jakarta 12069
Directors Mr. Tetsuo Nonaka, President, and other 3 directors
(Mr. Nonaka serves concurrently as President of PT."K" Line (Indonesia))
Employees 19 employees
Logistics services
  1. Buyers Consolidation (Agent for Century Distribution Systems, Inc.)
  2. Customs Brokering, Forwarding
  3. Trucking (for container and automobile transportation by new owned trucks)
  4. Arrangements for ocean transportation ("K" Line and/or other lines' vessels)

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