| May 22, 2008 |
| “K” LINE Expands Service Coverage between Asia and East Coast South America |
| KAWASAKI KISEN KAISHA, LTD. (“K” LINE) is pleased to announce the launching of new service (“SEAS”) between Asia and East Coast South America, in partnership with China Shipping (CSCL), CMA CGM, MARUBA. |
| SEAS service provides extensive service coverage with 2 complementary strings (SEAS I and SEAS II), each operated with 10 vessels of an average nominal capacity of 2500TEU. |
| “K”LINE will deploy a total of 2 vessels, CMA CGM 9, CSCL 5, MARUBA 4. |
| The respective weekly rotation of each loop will be as follows: |
| SEAS I |
| Qingdao Pusan Shanghai Chiwan Port Kelang Rio de Janeiro Santos Buenos Aires Montevideo Rio Grande Itaja Santos Port Kelang Hong Kong Qingdao |
| SEAS II |
| Shanghai Ningbo Hong Kong Shekou Port Kelang Santos Buenos Aires Sao Francisco do Sul Paranagua Santos Rio de Janeiro Durban Port Kelang Hong Kong Shanghai. |
| This new service is an addition to the present service and will enhance “K”LINE service network throughout South America. |
| For further information, please contact: |
| Takafumi Kido |
| Deputy General Manager, Planning Team, Container Business Group |
| Kawasaki Kisen Kaisha, Ltd. |
| Tel: +81-3-3595-5309 Fax: +81-3-3595-5288 |