Collision of VLCC “Mogamigawa” No. 3

January 11, 2007 - TOKYO, Japan - Kawasaki Kisen Kaisha, Ltd. (“K” Line). Inspection by diver resumed in the morning of Jan. 10.

Finally following damages were found on bottom of ballast tank No.5:

- approximately 3.5m x 10m of dent with two holes, approximately 20cm x 10cm and
  40cm x 20cm respectively (same location as reported in press release No.2 yesterday)

- approximately 2m x 4m of dent with three holes, approximately 10cm x 5cm, 10cm x 5cm
  and 20cm x 10cm respectively

- approximately 2m x 10m of dent

Also all propeller blade edge were found missing approximately 8cm from tip.

All holes were plugged up by temporary repair and flooding into No.5 ballast tank was stopped. Consequently classification society ClassNK issued recommendations that she should arrive shipyard for permanent repair by Feb. 9 after unloading cargo.

She sailed Khor Fakkan , United Arab Emirates at 23:00 of Jan. 10 local time (04:00 of Jan. 11 Japan standard time) and is bound for Singapore due on Jan.20.

Shipyard for permanent repair will be selected in due course.

VLCC “Mogamigawa” collided with submarine USS “ Newport News ” on Jan. 8 after passing Strait of Hormuz .

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