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November 8, 2005
Kawasaki Kisen Kaisha, Ltd.

CKYH Set Up Strategic Business Plans for 2006

COSCON, "K" Line, Yang Ming and Hanjin Shipping (CKYH) confirmed that strategic business plans for 2006 will focus on strengthening their strategic alliance and enhancement of its competency during their management meeting held on November 3.

In Asia-Europe trade, by upgrading and further harmonization of calling ports, CKYH will provide total 14 loops of service, out of which 8 loops are destined to North Europe while other 6 loops are for Med. Destinations. This enhancement of service will strengthen their range of express services with more comprehensive coverage in all major ports in both Asia and North Europe region and will further improve sailing frequencies from high demanding ports for customers. Among the loops, CKYH confirmed a total of six loops in Asia-Mediterranean service by adding 2 new loops from end of this year to first quarter of 2006. CKYH will provide wider port coverage from Asia to both East and West Med. area that will help increase service competency throughout those regions.

In transpacific trade, CKYH will totally provide 17 loops for customers, out of which 9 loops are for PSW, 4 loops for PNW and 4 loops for AWE destinations. This can shorten transit time, widen the port coverage and improve sailing frequency for booming areas in Asia, offering opportunity of multi-gate on West Coast for better operation efficiency as well as superior services to US East Coast.

For better service reliability, CKYH resolved not only to focus on deep-sea services but also to expand its scope of cooperation and establish joint feeder networks in 2006.

Propelled by the recent and successful joint establishment of the Antwerp terminal, CKYH is studying the joint development of other dedicated terminals in Asia, North America and Europe.

In the light of current environment of this industry, CKYH consortium members re-affirmed their will for strengthening their cooperation in order to more successfully meet customer satisfaction.

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