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March 30, 2005
Kawasaki Kisen Kaisha, Ltd.

Start-up of "K" LINE (TAIWAN) LTD.

Kawasaki Kisen Kaisha, Ltd. ("K" Line) is pleased to announce that "Grocean Shipping Agency, Ltd.", General Agent of "K" Line in Taiwan, will be renamed as "K"LINE (TAIWAN) LTD. from April 1, 2005.

"Grocean Shipping Agency, Ltd." was established in July 1990 as a Joint venture company of "K" Line and its Taiwanese partners, and has been acting as "K" Line's General Agent in Taiwan since that time. As "K" Line has become the major shareholder of the company after purchasing some of the Taiwanese partners' shares this year, it was decided to give the company the more familiar name of "K" LINE (TAIWAN) LTD., utilizing the "K" Line brand name in order to enhance "K" Line's image in the Taiwan market.

Outline of the company is as follows:

"K" LINE (TAIWAN) LTD.
2F, 71, Sec.2, Nanking E.Road, Taipei, Taiwan
Tel : 886-2-25239798
Fax: 886-2-25217582

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