"K" Line

Twenty-one students from 14 countries (*), who are provided the scholarship by the Sasakawa Peace Foundation and study at The World Maritime University took the special lecture at “K” Line Training Center in Tokyo, on May 19, 2016 in conjunction with the Sasakawa Peace Foundation for the purpose of deep understanding about maritime industry in Japan.

The world Maritime University (WMU) is a postgraduate maritime university founded by the International Maritime Organization (IMO), a specialized agency of the United Nations and established in Malmö, Sweden in 1983. Mainly its objective is to provide the advanced and professional maritime knowledge for the maritime personnel. The associated maritime organizations in Japan, such as The Nippon Foundation, The Sasakawa Peace Foundation (The Ocean Policy Research Institute), etc. have invited the said scholarship students mainly from Asia Pacific region to Japan every year as a part of scholarship program. This time, invited students paid their courtesy visit to relevant authority and organizations, visited the maritime associated facilities and enjoyed cultural heritages during their stay in Japan, besides taking the lecture at “K” Line Training Center,.

The students arriving at “K” Line Training Center were firstly given the welcome speech by Captain Eiji Kadono, Senior Managing Executive Officer responsible for Marine Sector, Technical and Environmental Affairs (including Fuel Cost Control) Unit, and subsequently received the lectures about the various topics such as brief history of “K” Line, the outline of our business, the role of maritime industry in Japan, Japan’s position in the global maritime industry, and “K” Line’s education system for seafarers. After the lecture, they experienced the ship handling simulator and LNG tanker simulator with the demonstration by the deck and engine instructors of “K” Line Training Center.

During the students question and answer session, some asked incisive questions about our business or shipping business in Japan, the other asked the origin of ship’s name, the various fields of Q and A were actively exchanged the whole time. We believe that they develop a better understanding not only about us but also shipping business widely.

“K” Line will continue to contribute to improve maritime education and enlightenment through such workshop or facility tour based on our knowledge in maritime technology and safe navigation inherited in its long history.

Ends

* Students are from: Bangladesh, Benin, Cambodia, Egypt, Indonesia, Japan, Jordan, Kenya, Morocco, Peru, Philippines, Sudan, Thailand, Vietnam (alphabetical order)

“K” Line has established a joint venture company owning Malaysian-flag panamax vessel with Halim Mazmin Group(HMG) in order to participate in a tender for long-term contract with TNB Fuel Services Sdn Bhd(TNBF), and a subsidiary company of HMG has signed one long-term consecutive voyage charter contract with TNBF. TNBF has signed five long-term contracts with four Malaysian Shipping Companies in this tender.

The co-owned panamax vessel will transport 1.5 million　ton of steaming coal per year from Indonesia or South Africa or Australia to Malaysia consecutively for 10 years from September of 2016.

Tenaga Nasional Berhad(TNB) is the largest power utility company in Malaysia and has its total generating capacity of about 11,000 mW which is one of the largest generation capacity in South-East Asia. TNBF is a subsidiary of TNB and supplies coal and fuel to the TNB Generation. HMG is a group of companies operating ship owning, flight training academy, maritime university and tourism established by Tan Sri Halim Mohammad.

Under the medium-term management plan “”K” Value for our Next Century – Action for Future – ”,  “K” Line is expanding its business for achieving consistent growth by securing long-term contracts.

Kawasaki Kisen Kaisha, Ltd.（ “K” Line）achieved 13.6% reduction in CO₂ emissions^*1 in 2015 against 2011 level, as a result of deployment of larger vessels, proactive initiatives for introducing advanced energy-saving technologies including electronically controlled engines, as well as slow steaming being continuously pursed through close cooperation at sea and on land with ship owners, vessels and ship management companies.

Therefore, we successfully accomplished ahead of schedule the CO₂ emission reductions target by 10% for 2019 against 2011 level, which is one of our interim milestones by 2019, the 100^th anniversary year of our foundation, under “K” Line Environmental Vision 2050 ～Securing Blue Seas for Tomorrow～^*2  as a long-term objective toward 2050 established in March 2015.

In light of this achievement, “K” Line set a new CO₂ Emission reduction by 25% for 2030 against 2011 level in the process of CO₂ emission by half for 2050 under the Vision.

Towards the new target, we are pursuing further CO2 emission reductions through both hardware side such as deployment of energy-saving vessels, continued review on energy diversification including LNG-fueled vessels as well as adoption of energy-saving technologies to be retrofitted on existing vessels, and software side to enhance efficient operation by use of big data obtained timely from vessels and the operational management for ballast navigation and anchorage under energy management system which is now being introduced for thorough marine energy saving.

As a world–leading marine transport operator, “K” Line continues to aim at providing more environmentally and efficient transportation services for more people all over the world.

*1 Per ton-mile basis is an index for transporting one ton of cargo one nautical mile (1,852 meters).

*2 “K” Line Environmental Vision 2050

http://www.kline.co.jp/en/csr/environment/index.html

Kawasaki Kisen Kaisha, Ltd. (“K” Line) announces that Moody’s has downgraded the issuer rating of the company from “Ba2” to “Ba3”, effective from May 6, 2016.

Although we have continued constructive discussions with Moody’s based on a cyclical nature of shipping industry, it was regretful that downgrade implementation has been taken.  Based on nonecessity of continuous rating obtainment from business (operation) perspective, today, we have withdrawn issuer rating from Moody’s. Nevertheless, we will continue to keep our ratings from Japan Credit Rating Agency, Ltd and Rating and Investment Information, Inc.

http://www.kline.co.jp/en/ir/stock/rating/index.html

We hope our ratings to improve as we run our business steadily based on our Medium term Management Plan, released on April 28, 2016.

Hanjin, Hapag-Lloyd, “K”Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have agreed to create a new alliance covering all East-West trade lanes namely, Asia-Europe/ Mediterranean, Asia-North America West Coast, Asia-North America East Coast, Transatlantic and Asia-Middle East / Persian Gulf / Red Sea. A binding agreement has been concluded by all partners and “THE Alliance” is scheduled to begin operation in April 2017 subject to approval of all relevant regulatory authorities. The initial term of the cooperation will be five years.

The new partnership will build one of the leading networks in the container shipping industry combining approximately 3.5 million TEU or 18% share of the global container fleet capacity. All six partners operate advanced and competitive fleets with more than 620 ships in total. This will become the basis of a dedicated fleet deployed into the groups’ future service portfolio. Clients will be able to enjoy an outstanding product characterized by fast transit times, high frequency sailings and expansive port coverage.

On going discussions between Hapag-Lloyd and UASC are progressing according to plan, although an agreement on business combination has not yet been reached and will in any event be subject to regulatory approvals. It is anticipated that UASC will become part of THE Alliance, which will increase the overall alliance capacity to more than 4 million TEU.

“This agreement is a milestone and will enable the six partners of THE Alliance to offer sailing frequencies and direct coverage in the market,” member carriers said in a statement. “The unique product will feature enhanced port coverage in Asia, North America, Europe including the Mediterranean as well as Middle East. The network of THE Alliance will ensure frequent sailings, high reliability and very attractive transit times for all shippers in the East-West trade lanes.“

More details on the services and port rotations will be published when all necessary preparations are finalized.

April 12, 2016

Kawasaki Kisen Kaisha, Ltd.

International Transportation Service, Inc. (ITS), a subsidiary of “K” Line, has been operating container terminals in Ports of Long Beach, CA, and Tacoma, WA and providing high quality services to customers through major shipping lines, including “K” Line, which call at its terminals along the U.S. West Coast.

Having established its container terminal in Tacoma named HUSKY Terminal in 1983, ITS recently reached an agreement in principle with Northwest Seaport Alliance (NWSA) covering major terms with respect to future rebuilding and reconfiguration of HUSKY Terminal. According to this agreement, the expansion will be completed by July 2018. The extensive enhancement being planned will provide Husky Terminal with approximately 420,000 sqm (104 acres) of leased and preferential berthing area in this major gate port in the U.S. Pacific Northwest. NWSA has additionally agreed with ITS to place an order for four of the largest and most modern gantry cranes to be installed at the new and innovative HUSKY Terminal. Through this ambitious future expansion, the newly-designed HUSKY Terminal will be upgraded to a container terminal capable of simultaneously accommodating two 18,000 TEU mega-containership vessels.

ITS, as one of the major container terminal operators along the U.S. West Coast, will continue in its dedicated commitment of providing high level and top quality services to shipping lines, including “K” Line, and their customers in anticipation of continued growth of future market demand.

Outline of HUSKY Terminal in Tacoma

For further information, please contact:

Naoyasu Nakajima, Manager of Overseas Terminal Business Team

Kawasaki Kisen Kaisha, Ltd.

TEL：+81 3-3595-5748/FAX：+81 3-3595-5288

KAWASAKI KISEN KAISHA, LTD. (“K” Line) is pleased to announce the upgrade of its West India Services with additional calls at Pipavav port (INDFEX-1) and Mundra port (CIX-2).

“K” Line continue to offer stable and value-added services with varied network.

Details of the service are as follows:-

INDFEX-1

• Vessel Deployment:  Six (6) x 4200 TEU type vessel
• Port Rotation:  Shanghai – Ningbo – Hong Kong – Singapore – Port Kelang(North) – Nhava Sheva(JNPT) – Pipavav – Colombo – Port Kelang (North)  – Singapore – Shanghai
• Commencement Date: 19th February 2016 ETA Shanghai

CIX-2

• Vessel Deployment:  Six (6) x 5600 TEU type vessel
• Port Rotation: Tianjin Xingang – Qingdao – Singapore – Port Kelang(West) – Nhava Sheva (JNPT) – Mundra – Colombo – Port Kelang (West) – Tanjung Pelepas – Singapore – Tianjin Xingang
• Commencement Date: 13th March 2016 ETA Tanjin Xingang

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided during board meeting held today on changes of Executive Officers.

1. Change of Executive Officers

(1) Retirement as of March 31, 2016

(2) New Appointment as of April 1, 2016

2. Promotion of Executive Officers as of April 1, 2016

Please see the attached list of responsibilities of Executive Officers scheduled on and after April 1, 2016.

For further details, please contact:

Shingo Kogure, General Manager, General Affairs Group

Tel: +81-3-3595-5521

On behalf of our client Kawasaki Kisen Kaisha Ltd, (“K” Line) we are pleased to send you notification of their Financial Highlights for the 3^rd quarter of F2015.

・Financial Highlights for 3rd quarter FY2015

http://www.kline.co.jp/en/ir/library/bs/__icsFiles/afieldfile/2016/01/29/fh2015_3_con_e.pdf

・Revised Forecast of Financial Results

http://www.kline.co.jp/en/ir/stock/disclose/detail/__icsFiles/afieldfile/2016/01/28/20160129e.pdf

http://www.kline.co.jp/en/

For further information, please contact:

Kiyoshi Tokonami, General Manager, IR& PR Group, Kawasaki Kisen Kaisha, Ltd.　- “K” Line