Kawasaki Kisen Kaisha, Ltd. (“K” Line) is pleased to announce joining Central-China/Red Sea (CRS) Service presently operated by Hapag Lloyd (HL) and Wan Hai Lines (WHL).

The overall capacity and port rotation of CRS service remain the same with total of 6 x 1200TEU type vessels and the 1st sailing of this new joint service will commence 20 aFebruary 2008 in Shanghai. Port rotation of the service is as follows:

Shanghai - Ningbo - Hong Kong - Shekou - Singapore - Port Kelang - Jeddah - Aqabah - Hodeidah - Port Kelang - Singapore - Hong Kong - Shanghai.

Participating in this CRS service in addition to our existing RSS service demonstrates how strong “K” Line’s commitment is to provide high quality direct service to meet our customer demands and expected future traffic growth between China and Red Sea ports.

Our present RSS service operates on the basis of round-trip voyage of 49 days deploying a total of 7 x 2000TEU type vessels with port rotation as follows:

Shanghai - Ningbo - Hong Kong - Shekou - Singapore - Aden - Jeddah - Aqabah - Ain Sokhna - Aden - Singapore - Lam Chabang - Shekou ’ Shanghai.