Bulk Carrier Korean Lily Delivered

Tokyo, September 28, 2010 — Kawasaki Shipbuilding Corporation today announced that it delivered the Korean Lily bulk carrier for Venus Ocean Navigation S.A. at its Sakaide Shipyard on September 27. This 197-meter-long vessel (Kawasaki hull No.1678) is the first state-of-the-art bulk carrier with a capacity of 58,000 DWT to be developed by Kawasaki Shipbuilding.

Features of the Korean Lily
1. The vessel has a flush deck with forecastle and five holds that are designed for optimum transport of grains, coals, ores and steel products. Four 30-ton deck cranes are installed along the center in between hatch covers to enable cargo loading and unloading in ports that lack cargo handling facilities.
2. The vessel is fully compliant with the new bulk carrier hull strength rules (IACS Common Structural Rules) for enhanced safety.
3. The bulk carrier’s anti-corrosion coatings, complying with the new performance standards for ballast tank protective coatings (PSPC), ensure paint quality that is better than ever.
4. The vessel employs double-hull fuel oil tanks to prevent marine pollution.
5. The Korean Lily employs the latest in technology to achieve maximum fuel economy, including an energy-saving main diesel engine, highly efficient propellers, the Kawasaki rudder bulb with fins (RBS-F), as well as a bow designed to reduce wave resistance, which all contribute to the vessel’s enhanced propulsion performance.