Wal-Mart Global Transportation presents “K” Line with Award

June 25, 2007 - Wal-Mart presented its 2006 “Ocean Carrier of the Year” award to Kawasaki Kisen Kaisha, Ltd. (“K” Line) during their Wal-Mart Direct Imports Conference 2007 at Wal-Mart's home office in Bentonville, Arkansas on May 23, 2007. The award was accepted by Nobuo Ishida, Senior Vice President of “K” Line America, Inc, and David Xiao, Group Vice president of “K” Line America , Inc.

““K” Line is honored to be named Wal-Mart's 'Ocean Carrier of the Year for the consecutive second year since 2005', said Toshio Suzuki, President of “K” Line America, Inc. It has demonstrated “K” Line's commitment to “Wal-Mart Stores.” “Our associates around the globe really made difference!”, said Mr. Suzuki.

Wal-Mart cited “K” Line for their cooperation and consistent high level of quality service around the globe. “K” Line also won this award in 2005.

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