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April 12, 2005
Kawasaki Kisen Kaisha, Ltd.

First newbuilding delivered to "K" Line Europe

"K" Line (Europe) Limited has taken delivery of its first new-building, the 185,500dwt bulk carrier Cape Riviera. Built at Kawasaki Shipbuilding Corporation in Japan, the ship was formally named in the Sakaide Shipyard on January 7th 2005 by the ship's godmother, Mrs Setsuko Kawamata. The Chief Executive Officer of "K" Line (Europe) Limited , Mr Fumito Kawamata welcomed the Cape Riviera, the first of three sisters due to join the "K" Line Europe fleet.

"K" Line Europe has also announced a major fleet expansion for the Atlantic bulk trades. In addition to Cape Riviera's two sister ships, which have been ordered for 2006 delivery, a further four vessels have been contracted for delivery by 2007.

"K" Line Europe's bulk fleet is operated independently from its Tokyo-based parent, and this is reflected by the fact that the majority of these vessels will be named after European regions as seen in the following fleet table.

Mr Kenji Sakamoto, General Manager of the Bulk Division in London, said: "With the addition of the Cape Riviera to the fleet and the additional New Buildings, "K" Line Europe will be well positioned to offer a quality service and play an important role in the Atlantic bulk trades."

The company has already secured some term contracts of up to 10 years with first class European charterers, including major steel mills and power companies and is highly confident of the trading prospects for its growing fleet.

"K" Line (Europe) Limited Fleet List

Name Builder Built DWT (MT)
Med Sea MHI 1987 183,316
Cape Century Universal 2001 172,683
Royal Breeze Imabari 2002 76,679
Cape Riviera Kawasaki 2005, Jan 185,879
N/B (TBN - Cape Provence) Japanese yard 2005, Jul 177,300
N/B (TBN - Rose Atlantic) Japanese yard 2005, Jul 75,500
N/B (TBN - Cape Baltic) Japanese yard 2005, Nov 177,000
N/B (TBN - Cape Dover) Japanese yard 2006, Jan 185,500
N/B (TBN - Cape Med) Japanese yard 2006, Mar 185,500
N/B (TBN) Japanese yard 2007, Dec 180,000

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