Bulk Carrier Navios Armonia Launched

Tokyo, March 21, 2008 — Kawasaki Shipbuilding Corporation yesterday launched the Navios Armonia bulk carrier for Panama-based Mi-Das Line S.A. at its Kobe Shipyard. The carrier, identified as Kawasaki hull No. 1607 and the 19th 55,100 DWT bulk carrier developed by Kawasaki Shipbuilding, will be delivered in June 2008 after outfitting at the quay of the Shipyard.

The 189.9 m vessel has a flush deck with forecastle and five holds that are designed for optimum transport of grains, coals, ores and steel products. A new proprietary bow designed to reduce wave resistance allows the ship to operate with less fuel. Four 30 ton deck cranes are installed in the center in between hatch covers to enable cargo loading and unloading in ports where no cargo handling facilities are available.