| October 18, 2005 |
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| "K" Line concludes VLCC Charter Contract |
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| Kawasaki Kisen Kaisha, Ltd. ("K" Line) has
concluded a time-charter contract with ExxonMobil, the world’s biggest oil major, for a
brand-new VLCC, which is scheduled for completion at the Kawasaki Shipbuilding Corporation
in June 2007. |
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| "K" Line’s VLCCs currently in service include
time-charter contracts of three vessels for Showa Shell Sempaku K.K. and one vessel for
Nippon Global Tanker Co., Ltd. In addition, we have concluded a time-charter contract
with Idemitsu Tanker Co., Ltd. for another brand-new VLCC with delivery at the Kawasaki
Shipbuilding Corporation in December 2006. The charter contract with ExxonMobil brings to
six the total of all VLCCs under time-charter contract with major Japanese and overseas
oil companies. |
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| The two VLCCs to be completed at Kawasaki Shipbuilding
Corporation in 2006 and 2007 will have fuel oil tanks with double-hull structure in
addition to the cargo pump rooms having double-bottom structure, another reflection of how
conscientious "K" Line is in doing its part to protect the world’s
environment. |
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| "K" Line will continue striving to develop a fleet
that meets the needs of our customers. |
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| For further information, please contact: |
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| Kawasaki Kisen Kaisha, Ltd. |
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| Akira Otsu |
General Manager of Tanker Group |
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Tel: +81-3-3595-5017 Fax: +81-3-3595-5599 |
| Takahiko Tsurukawa |
Manager of Tanker Team, Tanker Group |
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Tel: +81-3-3595-5494 Fax: +81-3-3595-5599 |
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Copyright(C) 2005 Kawasaki Kisen Kaisha, Ltd. all rights reserved.
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