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January 11, 2005
Kawasaki Kisen Kaisha, Ltd.

Construction of Two Cape-Size Bulkers Completed

Construction of two new cape-size bulkers ordered by Kawasaki Kisen Kaisha, Ltd. ("K" Line) group was completed in the beginning of January, 2005.

A 200,000-ton class cape-size bulker named Cape Rosa was completed in Universal Shipbuilding Corporation's Tsu Shipyard on January 6, 2005. It set sail for Australia. This is the first vessel in a series of 200,000-ton class Setouchi-max bulkers ordered by "K" Line. It will be mainly engaged in the transportation of iron ore and coal from Australia to Japan.

On January 7, an 185,000-ton class cape-size bulker named Cape Riviera was completed in Kawasaki Shipbuilding Corporation's Sakaide Shipyard. It was handed over to the ordering party, "K"Line (Europe) Ltd, which is "K" Line's European subsidiary. It will be engaged in the transportation for its clients mainly in the Atlantic Ocean.

"K" Line sees iron material transportation as a promising sector where growth will continue on a world scale. The company is expanding its business with aggressive investment in this sector. In 2005, nine newly-built cape-size vessels, including the above two bulkers, and three newly-built panamax-size vessels will join the "K" Line Coal & Iron Ore Carrier Group fleet. With these vessels, "K" Line will boast one of the most prominent fleets in the world and will meet the increasing demand for iron material transportation.

Ship Particulars:

200,000-ton class cape-size bulker "Cape Rosa"

LOA Approx. 300 meters
Beam Approx. 50 meters
Deadweight Approx. 203,000 metric tons

185,000-ton class cape-size bulker "Cape Riviera"

LOA Approx. 290 meters
Beam Approx. 47 meters
Deadweight Approx. 185,500 metric tons

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