Collision of VLCC “Mogamigawa” No. 2

January 10, 2007 - TOKYO, Japan - Kawasaki Kisen Kaisha, Ltd. (“K” Line). VLCC “Mogamigawa” arrived at Khor Fakkan , United Arab Emirates at 13:10 of Jan. 9 local time (18:10 of Jan. 9 Japan standard time). Inspection by diver commenced around 15:00. At this moment following damages have been found on bottom of ballast tank No.5 which locates about 70 meters ahead of stern on the left:

- approximately 1 m x 5 m of dent, maximum 40 cm in depth
- approximately 10 cm x 35 cm of hole
- some scratches

Temporary repair was made to stop sea water inflow into ballast tank.

Inspection by diver resumed in the morning of Jan. 10 local time. Repair plan will be determined after this inspection.

For further information , please contact:

Kawasaki Kisen Kaisha, Ltd. (“K” Line)
Masato Yamaguchi, General Manager, IR & PR Group
Tel: 81-3-3595-5141 Fax: 81-3-3595-5001
Atsushi Takayama, Manager, Information & Public Relations Team, IR & PR Group
Tel: 81-3-3595-5083 Fax: 81-3-3595-5001