| April 26, 2007 |
| "K" Line Launches North China – Straits Service |
| Kawasaki Kisen Kaisha, Ltd. (“K” Line) is pleased to announce the launch of North China - Straits service which is expected to commence in end May 2007 with following service details: |
| Jaseco-2 (“K” Line / RCL joint loop) with 3 x 2000TEU |
| Qingdao – Pusan – Shanghai – Hong Kong – Singapore – Manila (North Harbour) – Manila (South Harbour) – Qingdao |
| Jaseco-3 (RCL loop) with 3 x 2500TEU |
| Xingang – Qingdao – Pusan – Singapore – Hong Kong – Shanghai – Xingang |
| This new service will provide high quality dependability to assure great service satisfaction to customers while catering to growing demands of traffic between China and ASEAN countries as well as acting as reliable feeder service to connect onto our global service network at Singapore and Pusan. It shows our long-term commitment to this dedicated trade as one of the main carriers for years and many years ahead. |
| For further information, please contact: |
| Takafumi Kido |
| Deputy General Manager, Planning Team |
| Containerships Business Group |
| Kawasaki Kisen Kaisha, Ltd. Tokyo |
| TEL: 81-3-3595-5309 FAX: 81-3-3595-5288 |