Change in Top Management with regard to Executive Officers

January 26, 2007 - TOKYO, Japan - Kawasaki Kisen Kaisha, Ltd. (“K” Line). Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided in a board meeting held today on changes to Executive Officers, effective April 1, 2007.

I . The list of responsibilities of Executive Officers scheduled on and after April 1, 2007 .

Please refer to Attachment 1.

II. Executive Officers

1. Retirement

   Present Position	Name	Scheduled new position
   Managing Executive Officer	Satoru Kuboshima	Vice President of “K” Line Shipmanagement Co. Ltd.
   Executive Officer	Hisashi Yasui	Managing Director of “K” Line Bulk Shipping (UK) Ltd.
   Executive Officer	Takumi Yoshii	Director of Taiyo Nippon Kisen Co. Ltd.



2. New appointment
   
   

   Name	Present Position
   Kiyoshi Terashima	“K” Line (Europe) Ltd., Istanbul
   Mamoru Mori	“K” Line America, Inc., Richmond
   Masami Sasaki	GM Marine Safety Administration Group
   Takashi Torizumi	GM Accounting Group



3. Promotion

   Yoshikazu Minagawa, Jiro Asakura, Takashi Saeki, Eizo Murakami will be promoted to Managing Executive Officer.

For more details, kindly contact as follows:

Masato Yamaguchi, General Manager, IR & PR Group
Tel: +81-3-3595-5141 Fax: +81-3-3595-5001

					Attachment 1
	The responsibilities of Executive Officers on and after April 1 , 200 7
	Title		Name			Responsibilities
	President & CEO		Hiroyuki Maekawa			-
	Vice President & Assistant CEO		Eiichi Suzuki			Assistant to President, Overall Bulk Carrier Business, Dry Bulk Carrier Business
	Senior Executive Officer		Yoichi Hasegawa			Car Carrier Business, New Business Planning & Development
	Senior Executive Officer		Tetsuo Shiota			Corporate Sector
	Senior Executive Officer		Katsue Yoshida			Energy Resources Transportation Business, Technical Sector
	Senior Executive Officer		Toshio Shimizu			Containership Business, Port Business, Total Logistics Business
	Managing Executive Officer		Shigeru Soda			CEO of "K" Line Holding ( Europe ) Limited
	Managing Executive Officer		Norio Tsutsumi			Ship Planning Sector, Environment Preservation
	Managing Executive Officer		Toshinori Morita			Human Resources , Information System, Legal and General Affairs
	Managing Executive Officer		Shigenori Ishii			Thermal Coal, Woodchip and Pulp Carrier Business
	Managing Executive Officer		Yoshiyuki Ota			Bulk Carrier, GM Bulk Carrier Group
	Managing Executive Officer		Toshio Suzuki			President & CEO of "K" Line America, Inc.
	Managing Executive Officer		Kozo Eguchi			Marine Sector
	Managing Executive Officer		Kazuyuki Oda			Managing Director of "K" Line ( China ) Ltd.
	Managing Executive Officer		Eiichi Murakami			Car Carrier Business
	Managing Executive Officer		Yoshikazu Minagawa			LNG Carrier Business
	Managing Executive Officer		Jiro Aasakura			Coal & Iron Ore Carrier Business
	Manaing Executive Officer		Takashi Saeki			Corporate Planning, Investor & Public Relations, Total Logistics Business , CSR & Compliance
	Managing Executive Officer		Eizo Murakami			Containership Business, Port Business,
	Executive Officer		Akira Otsu			Tanker Business
	Executive Officer		Keisuke Yoshida			Finance
	Executive Officer		Kiyoshi Terashima			Car Carrier Business
	Executive Officer		Mamoru Mori			Managing Director of “K” Line ( Hong Kong ) Ltd.
	Executive Officer		Masami Sasaki			Marine Sector
	Executive Officer		Takashi Torizumi			Accounting, Internal Audit, GM Accounting Group