298,000 DWT Ore Carrier Bao Min Delivered

Jun. 14, 2010

298,000 DWT Ore Carrier Bao Min Delivered

Tokyo, June 14, 2010 — Kawasaki Shipbuilding Corporation announced today the delivery of the Bao Min ore carrier to Yuma Maritime S.A. at Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) in Nantong, China on June 11. This 327-meter-long vessel (Kawasaki hull No. 1623) with a capacity of 298,000 DWT is the seventh ore carrier built by NACKS.

Features of the Bao Min

1. This vessel is Kawasaki’s newly developed state-of-the-art large ore carrier. It will primarily transport iron ore between Brazil and China.
2. Each of the six cargo holds is equipped with a large, solid, single-panel hatch cover. The second and fourth cargo hold hatch covers are designed to slide open in either direction.
3. The fuel oil tanks’ double-hull construction is engineered to prevent marine pollution.
4. The vessel employs the Kawasaki rudder bulb system with fins (RBS-F) for maximum fuel economy.
5. The bulk carrier’s anti-corrosion coatings, complying with the new performance standards for protective coatings (PSPC) for ballast tanks, ensure paint quality that is better than ever.