News and Press Releases

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.

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