| July 20, 2007 |
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| "K" Line Embarks on New Containership Building Program |
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| Kawasaki Kisen Kaisha, Ltd. ("K" Line), Tokyo, is proud to announce
its decision to place an order for 10 new 4500TEU type containerships with
Hyundai Heavy Industries Co., Ltd. This particular type vessel has been
newly designed by Hyundai Heavy Industries Co., Ltd., based on our requirements,
having same loading capacity as Panamax-max type containerships (Nominal
Capacity 5100TEU) but equipped with even better drive. Delivery of these
medium-sized containerships will begin in 2010 and ready for deployment
in many roles throughout our network such as East-West Trunk line trades,
West/South Asia service and North/South Trade. |
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These new 4500TEU containerships will replace current 3500TEU containerships.
However, they will also be catering to additional increase in cargo movements
as well as provide even further improvements in both service quality and
competitiveness of our company’s constantly expanding fleet. This latest
order reflects "K" Line’s wish to further reinforce its ability
to provide even better service quality for its customers. |
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| The main specs are as follows: |
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4500TEU type |
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LOA |
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267.0 m |
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Width |
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35.4 m |
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Draft |
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10.8 m |
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Capacity |
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4500 TEU |
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Service Speed |
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24.1 knots |
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| For further information, please contact: |
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| Kunihiko Arai, Manager of Asset Management Team |
| Containerships Business Group |
| Kawasaki Kisen Kaisha, Ltd. Tokyo |
| TEL: 81-3-3595-5266 FAX: 81-3-3595-5287 |