Plans for Singapore's First Dedicated Automobile Terminal Established

Tokyo, Japan, Apr 24, 2007; Kawasaki Kisen Kaisha, Ltd. ("K" Line), PSA Singapore Terminals, and Nippon Yusen Kaisha (NYK) have agreed on a contract for establishing the first dedicated automobile terminal at PSA Singapore Terminals.

The new joint venture has been named Asia Automobile Terminal Singapore (AATS; Head Office: Singapore; Chairman, AATS: Tan Puay Hin), and by January 2009, it will establish and operate a dedicated terminal for automobiles using two berths at PSA's Pasir Panjang Terminal.

PSA, which provides transshipping for finished automobiles for export from Asian countries, is a very important harbour in Asia for "K" Line's finished-automobile transport service.

By establishing this new joint venture, "K" Line will continue to develop its competitive network for the finished-automobile transport service that the company offers through the Port of Singapore in order to best position itself to respond to demand in Asian countries, which is expected to increase rapidly in the future.

Kawasaki Kisen Kaisha Ltd.

Kawasaki Kisen Kaisha Ltd. ("K" LINE) was established in April 1919. Containership services has had the distinction of being the centerpiece of "K" LINE's global sea transportation services. Providing stable and reliable service, this business has been developing and expanding with the present global network offering coverage around the world. By keeping abreast of changing business circumstances and in order to meet customer's requirements, we are also constantly reinforcing our company's international competitiveness. For more information, please visit http://www.kline.co.jp/index_e.html.