| July 24, 2006 |
| "K" Line Appoints Agents in Jordan and Yemen for Liner Business |
| Kawasaki Kisen Kaisha, Ltd. ("K" Line) is pleased to announce the new appointment for Liner Business in Jordan and Yemen. This new development will strengthen "K" Line’s Global Network in Red Sea and Gulf of Aden. |
| With effect from 1st July 2005 the following Agents will assume responsibility for "K" Line’s Liner Business. |
| (Jordan) |
| National Shipping Services Co. Ltd. |
| Omar Ibn Khatab Building, 3rd Floor |
| P.O.Box 927304 |
| Amman 11190 |
| Jordan |
| Tel: +962 6 5606909 |
| Fax: +962 6 5676920 |
| (Yemen) |
| SHARAF SHIPPING AGENCIES CO. |
| P.O.BOX 4075, Crater, Aden, Republic of Yemen |
| TEL +967 2 264821, 22, 23 |
| FAX +967 2 264824 |
| For further information, please contact: |
| Takafumi Kido |
| Manager, Planning Team |
| Containerships Business Group |
| Kawasaki Kisen Kaisha, Ltd. Tokyo |
| TEL:81-3-3595-5309 FAX:81-3-3595-5288 |