Kawasaki Receives Large-Scale LNG Carrier Order

Jul. 27, 2006

 Tokyo, July 27, 2006 — Kawasaki Shipbuilding Corporation announced today that it has received an order for a 153,000 m3 LNG carrier from Tokyo LNG Tanker Co., Ltd. and Nippon Yusen Kaisha (NYK Line). The proprietary carrier will be built at Kawasaki’s Sakaide Shipyard in Kagawa, with delivery scheduled for March 2009.

 The 289.5 m ship will equipped with three stretch Moss spherical tanks and one conventional Moss spherical tank. The stretch tanks each have an additional 2 m high cylinder that enables increases in cargo capacity.

 Kawasaki Shipbuilding was selected for its superior LNG carrier technology, highly reliable construction and maintenance capabilities, as well as for its design enhancements, which allow a capacity increase of 8,000 m3 LNG on a vessel with the same hull size as a conventional 145,000 m3 LNG carrier. This enables the carrier to enter most of the major LNG terminals worldwide.

 Kawasaki now has an order backlog of eight vessels for its large-scale LNG Carriers. The Company will continue its aggressive pursuit of LNG and other gas carrier orders as demand rises for these clean energy sources.