Delivery of ‘ Corona ' Series Coal Carrier “ CORONA LIONS”

January 21, 2007 - TOKYO, Japan - Kawasaki Kisen Kaisha, Ltd. (“K” Line). Kawasaki Kisen Kaisha, Ltd., Tokyo , (hereafter called “K” Line) is proud to announce the launching of “Corona Lions,” a new 85,600 DWT-type coal carrier at Oshima Shipbuilding Co., Ltd., Japan on 22 Jan, 2007.

The name “Corona Lions” derives from “ Corona ” which is the symbol of “K” Line's specialized fleet for transport of thermal coal known as the Corona-series. Also the lion, which is often called the king of beasts, is a common charge in heraldry, traditionally showing bravery, valor and strength.

[Vessel's Specification]

Loa	: 228.05M	Deadweight Tons	: about 85,600MT
Beam	: 36.5M	Hold/Hatch	: 5/5
Depth	: 19.89M

The Corona-series, which “K” Line originated and continues to develop, consists of epoch-making coal carriers equipped with wide beam and shallow draft, which is the most suitable type to enter ports of domestic thermal power plants to discharge cargo. With this new deployment, the Corona-series now consists of 10 carriers, and by the further increase of another new building in 2007 and 4 more having been ordered to respond to the demand for this type of vessel to carry thermal coal, the series will total 15 carriers.

Corona-series always ensure customers steady and reliable thermal coal transport service with maximum safety.

For further information, please contact:

Kawasaki Kisen Kaisha, Ltd. Tokyo
Thermal Coal, Woodchip and Pulp Group
Kazuhiko Harigai, General Manager Tel: 81-3-3595-5502
Michitomo Iwashita, Manager Tel: 81-3-3595-5505
Fax: 81-3-3595-5512