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May 24, 2004
Kawasaki Kisen Kaisha, Ltd.

"K"LINE Orders 2nd 300,000 dwt Ore Carrier

Kawasaki Kisen Kaisha, Ltd. ("K"LINE) takes pleasure in announcing that it has placed an order with Universal Shipbuilding Corporation for the building of another 300,000 DWT super large ore carrier to be completed in 2009. This newbuilding will be a younger sister to the first super large ore carrier already on order for JFE Steel Corporation as previously announced.
The 2nd super large ore carrier is to be constructed under a long-term voyage charter with ILVA S.p.A., the largest steel mill in Italy. She will be engaged in transporting iron ore in the Atlantic waters as a specialized carrier for ILVA-consigned cargo loaded in Brazil and discharged in Taranto. The Port of Taranto is noted for having the foremost deep-draft berths in Europe that will enable this super large ship to utilize her maximum transport capabilities.
The ship is the first carrier for "K" LINE that is to be built as a long-term specialized carrier for a European steel mill. Therefore, construction of this ship is regarded as an epoch-making event for "K" LINE in its entry into ore transport for markets in Atlantic waters.
The global production of iron and steel continues to grow rapidly. We prospect that there will be an increasing demand for marine transport of raw material for iron and steel. In response to these demand, "K" LINE will step up its endeavors for further strengthening of the Companyfs transport capabilities and will continue to pursue expansion and renewal of its overall fleet at the level of the entire "K" LINE Group.
"K" LINE will flexibly and positively respond to the increasing and diversified needs for transport of raw materials for iron and steel.

Ship Particulars:

LOA Approx. 330 meters
Breadth Approx. 55 meters
Deadweight Approx. 300,000 metric tons

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