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April 14, 2006
Kawasaki Kisen Kaisha, Ltd.

Orders Placed for 3 New VLCC

Kawasaki Kisen Kaisha, Ltd. ("K" Line) is pleased to announce to place orders for three new double-hulled VLCC.
With the addition of the three new VLCC, "K" Line's VLCC fleet will expand to nine.

"K" Line's VLCC fleet has already been totally composed of double-hulled as an achievement from consistent effort to establish environmentally friendly fleet, which is an ongoing corporate commitment to preserve global marine environment.
This expansion will strengthen "K" Line's high-quality transportation services and will be appreciated by "K" Line's esteemed customers with their satisfaction as well.

An outline of present orders shows:

Construction Company Kawasaki Shipbuilding Corporation
Time of Completion 2nd Quarter 2009
Construction Company IHI Marine United Inc.
Time of Completion 1st    4th Quarter 2009
2nd    1st Quarter 2010

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