"K" Line

1 December 2014

In October 2014, SAL successfully completed its first offshore wind-farm-related operation on the Baltic Sea. This offshore operation was part of the Wikinger offshore wind farm project developed by Spanish energy company Iberdrola, whose test pile contract was awarded to German engineering and services group Bilfinger. Bilfinger subcontracted SAL to carry out the tests, and accordingly, SAL’s main offshore installation vessel MV LONE independently conducted the driving of 9 piles into the seabed to a depth of approximately 35 m, including loading and transporting the piles. The piles are for the purpose of confirming the design from a soils perspective.

SAL had sporadically engaged in offshore operations in the past, including implementing a project to deliver equipment underwater (wet-handshake) off the coast of India and a project to change the equipment modules of a floating production, storage and offloading vessel for oil and gas off the coast of Nigeria. SAL then officially entered the offshore operation sector after constructing MV LONE and MV SVENJA, which are equipped with dynamic positioning systems. In 2013, SAL Offshore B.V. was established in Delft, Netherlands, and since then SAL has actively participated in offshore projects, including the installation of submarine pipeline equipment in the Mediterranean and the installation of a tide power generator off the coast of Scotland. This piling work is SAL’s first offshore wind-farm-related operation.

The project was started at the end of September after 4 months of careful planning and thorough preparation, including with significant support from engineering. MV LONE was first fitted out with additional living quarters and project equipment, including 6 tugger winches at Rotterdam. MV LONE was then loaded with the piles, a template for specifying the pile driving positions, a level for setting a pile, an ROV (underwater robot), and an underwater hammer at Sassnitz, Germany, and traveled to the planned construction site of the offshore wind farm approximately,30 km off the coast. MV LONE carried out a series of activities, namely, installation of the 110-t template at the seabed, insertion of piles into the template, and hammering of piles into the seabed. The operation was divided into two sessions in accordance with the water depth, and 9 piles were successfully installed in about 10 days. A further testing campaign of the piles is planned to be carried out by MV LONE in December.

SAL will continue to actively participate in offshore projects by taking full advantage of its engineering capability developed through heavy-item shipping and harbor construction projects, recent experience in offshore projects, high-quality vessels, and the quality work provided by its skilled competent crews.

November 5, 2014

SAL Heavy Lift GmbH (SAL), a 100% subsidiary of “K” Line and heavy-lift shipping company based in Germany, has transported three newly-built ferries which were constructed under the sponsorship of Official Development Assistance (ODA).

In Yangon, ferries have been transporting more passengers than their maximum capacity on a route between central Yangon and Dala area which is located across Yangon River, and those ferries which are currently operating have had damage due to being in service for a very long period. Therefore, it was necessary to replace the ferries with the new ones. The newly-built ferries (270 mt each) were built at Nakatani Shipbuilding Co., Ltd. in Edajima, Hiroshima Prefecture. In mid-October, SAL’s M/V PAULA (total crane capacity 700 mt) loaded the three ferries onboard in Hiroshima and on 31 October she has completed the discharge operation of the ferries in Yangon.

It is expected that the inauguration of the new ferries will greatly improve safety of river transportation in Yangon as well as the quality of transportation environment for the Yangon citizens.

Myanmar has recently been attracting the attention as “post-China” and Japanese Government is cooperating with Myanmar with regards to the development of Thilawa Industrial Park and many Japanese companies have commenced operations in Myanmar. We “K” Line opened our Representative Office in Yangon in January 2014 and we will be providing customers with multi-modal services which would respond to their needs in marine transportation, logistics and related businesses.

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has been selected as a constituent company of the FTSE4Good Global Index Series, the leading SRI ^(*1) index provided by FTSE Group ^(*2). “K” Line has qualified for inclusion in the FTSE4Good indices since 2003.

The FTSE4Good is an equity index series that is designed to facilitate investment in companies that meet globally recognized corporate responsibility standards. For inclusion, eligible companies must meet stringent environmental, social and governance criteria.

“K” Line always strives to reduce environmental impact, strengthen corporate governance and support communities in which it operates as a good corporate citizen.

*1 SRI (Socially Responsible Investment) describes an investment strategy which takes account of social, ethical and environmental factors as well as financial performance.

*2 FTSE is wholly owned by London Stock Exchange Group. FTSE is a global leader in indexing and analytical solutions. FTSE’s indices measure multiple markets and asset classes in more than 80 countries.

October 15, 2014

“K” Line has been recognized as a leader in reducing carbon emissions and mitigating the business risks of climate change, as well as disclosing the information, and was selected as member of both CDP’s (*1) Japan Climate Disclosure Leadership Index (CDLI) and CDP’s Japan 500 Climate Performance Leadership Index 2014(CPLI) for the first time at CDP’s debriefing session today.

Climate Disclosure Leadership Index (CDLI)

We were ranked in the top 10% of the respondents in the 500 surveyed Japanese companies, and recognized as an excellent company that provides a high level of transparency in the disclosure of climate-related information in CDLI.

Climate Performance Leadership Index（CPLI）

Information provided by nearly 2,000 listed companies has been independently assessed against CDP’s widely-respected scoring methodology and ranked accordingly. ”K” Line is one of the 187 that has been awarded an A grade for its climate performance, earning a position in this global ranking of corporate efforts to mitigate change.

In order to build a logistics infrastructure with excellent energy efficiency, we have been constructing newer energy-efficient ships, reducing fuel consumption of our operating fleet and have received third-party verification for reliability and transparency of GHG emission data from processes ranging from upstream to downstream. We are regarded as demonstrating corporate responsibility in responding to climate change issues, an attitude that we have strongly evaluated and sincerely pursued, which has now bore fruit.

We will continue contributing to social sustained development from now on as a company fully committed to environmental preservation.

*1: CDP

CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them.

For further information please contact:

Kawasaki Kisen Kaisha, Ltd (“K” Line)

Kumiko Iwasa

General Manager, Environment Management Group

Tel: +81-3-3595-5205

12th September 2014

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has been selected again as an Asia / Pacific Index component company of the Dow Jones Sustainability Indices (DJSI), one of the leading global indices on Socially Responsible Investment (SRI)(*1).

DJSI is a world’s leading SRI index jointly offered by S&P Dow Jones Indices LLC of the United States and RobecoSAM AG of Switzerland, which only includes the top ranked companies among the largest 3,000 companies worldwide as a result of evaluation of their sustainability performance in terms of social, environmental and economic criteria. Launched in 1999, DSJI is one of the first global sustainability benchmarks for investors who integrate sustainability consideration into their portfolios.

“K” Line always strives to implement CSR initiatives so that we can contribute to the sustainable growth of the global society.

KAWASAKI KISEN KAISHA, LTD. (“K” Line) is pleased to announce it will enhance its fleet with an additional five new generation eco-friendly ULCVs (Ultra Large Container Vessels) as replacements in its existing fleet in order to further strengthen both efficiency and cost competitiveness of “K” Line’s Containership Business. These 5 new vessels will join another 5 identical sister ships who will go into service during Spring to Summer 2015, bringing total number of “K” Line’s ULCVs to ten (10) vessels. As one of the world’s major ocean carriers, this substantial investment in an eventual total of 10 new ULCV sister ships is aimed at better serving the needs and requirements of “K” Line’s esteemed shippers worldwide.

Type of vessels and number ordered  :  14000TEU Containership x 5

Estimated delivery timing   :  Spring to Summer 2018

Ship Yard  :  Imabari Shipbuilding Co., Ltd.

LOA  :  365.9 meters

Beam :  51.2 meters

Draft  :  14.0 meters

Nominal container carrying capacity  :  13,870TEU

For further information, please contact:

Yasushi Shigeno

General Manager, Containerships Strategy Group

Kawasaki Kisen Kaisha, Ltd.

Tel: +81-3-3595-5278　Fax: +81-3-3595-5288