Supplementary Report May 2006 Kawasaki Kisen Kaisha, Ltd. 1. - PowerPoint PPT Presentation

Supplementary Report May 2006 Kawasaki Kisen Kaisha, Ltd.

1. Shipping Markets 2. Financial Data 3. Historical Data

Supplemental Information-1 - Shipping Markets -

1-1. “K” Line Container Loading Volume 04F 1H 04F 2H 04F Yearly 05F 1H 05F 2H 05F Yearly Loading Volume E/W Bound (Unit: 1,000TEU) 279 266 545 336 310 646 Asia/N. America E/Bound 107 114 222 114 133 248 W/Bound 386 381 767 450 443 893 193 195 388 215 222 437 Asia/Europe W/Bound 121 117 238 123 134 256 E/Bound 314 312 626 338 356 693 04F 1H 04F 2H 04F Yearly 05F 1H 05F 2H 05F Yearly Load Factor (%) E/W Bound 89.9% 82.0% 85.9% 91.0% 87.8% 89.4% Asia/N. America E/Bound 54.3% 52.5% 53.4% 49.4% 58.1% 53.7% W/Bound 76.0% 70.2% 73.0% 75.0% 76.1% 75.5% 93.6% 92.4% 93.0% 100.7% 92.0% 96.1% Asia/Europe W/Bound 79.8% 76.5% 78.2% 79.2% 77.0% 78.0% E/Bound 87.8% 85.7% 86.7% 91.6% 85.8% 88.5% 3

1-2. Line/Alliance wise Vessel/Capacity Comparison as of January 2006 Top 20 Container Carriers ranked by operating capacity TOTAL Rank Operator TEU(Jan 2006) TEU(Jan 2005) 1 Maersk(1) 1,681,420 1,015,908 Maersk(1) 2 MSC(2) 805,205 637,358 3 CMA(5) 509,825 408,131 MSC(2) 4 EMC(3) 477,911 443,938 CMA(5) 5 HAPAG+CP(17,16) 416,594 383,240 EMC(3) 6 CSCL(10) 352,483 253,999 HAPAG+CP(17,16) 7 HANJIN(7) 328,794 283,664 CSCL(10) 8 APL(6) 327,399 310,745 HANJIN(7) 9 COSCO(9) 322,326 276,506 APL(6) 10 NYK(8) 301,322 278,893 11 MOL(14) 247,367 199,588 COSCO(9) 12 OOCL(11) 234,589 218,140 NYK(8) 13 CSAV(15) 233,732 199,118 MOL(14) 14 K LINE(12) 233,496 207,584 OOCL(11) 15 ZIM(13) 201,432 202,472 CSAV(15) 16 YML(18) 188,269 181,594 K LINE(12) 17 HS(19) 184,438 152,991 ZIM(13) 18 HMM(20) 149,189 148,681 19 PIL(21) 136,073 128,313 YML(18) 20 WH(22) 116,992 94,066 HS(19) HMM(20) Rank Alliance TEU(Jan 2006) TEU(Jan 2005) PIL(21) 1 Maersk 1,681,420 1,015,908 WH(22) 2 CKYH 1,072,885 949,348 0 400 800 1,200 1,600 3 GA 993,048 880,273 4 MSC 805,205 637,358 (1,000TEU) 5 TNWA 723,955 659,014 6 EMC 477,911 443,938 7 CMA 509,825 408,131 8 CSCL 352,483 253,999 9 CSAV 233,732 199,118 Source : Alphaliner (http://www.alphaliner.com/) 4

1-3. “K” Line Container Volume & Share (Asia to North America 00F-05F) TPS EB KL Results 200,000 6.0% 180,000 5.0% 160,000 140,000 4.0% 120,000 Share TEU 100,000 3.0% 80,000 2.0% 60,000 40,000 1.0% 20,000 0 0.0% 00 00 00 01 01 01 01 02 02 02 02 03 03 03 03 04 04 04 04 05 05 05 05 06 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q KL Volume 82 89 85 82 90 104 91 95 113 125 110 114 130 131 120 114 134 145 136 131 160 176 158 152 4.4%4.2%4.4%4.7%4.8%4.9%4.7%5.1%4.8%4.8%4.7%5.0%5.2%5.0%4.7%4.5%4.6%4.7%4.5%4.8%4.7%4.9%4.5%4.4% Share 5

1-4. “K” Line Container Volume & Share (North America to Asia 00F-05F) TPS WB KL Results 80,000 7.0% 70,000 6.0% 60,000 5.0% 50,000 4.0% Share TEU 40,000 3.0% 30,000 2.0% 20,000 1.0% 10,000 0 0.0% 00 00 00 01 01 01 01 02 02 02 02 03 03 03 03 04 04 04 04 05 05 05 05 06 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 51 51 52 55 53 54 57 50 54 50 58 58 55 54 57 52 55 52 57 58 58 56 64 69 KL Volume Share 5.7% 5.8% 5.7% 6.0% 6.0% 6.3% 6.3% 5.5% 5.5% 5.9% 6.2% 5.6% 5.6% 5.5% 5.2% 4.7% 5.1% 5.1% 5.1% 4.9% 4.7% 4.7% 5.1% 5.3% 6

1-5. “K” Line Container Volume & Share (Asia (ex. India) to Europe 00F-05F) AES WB KL Results 120,000 6.0% 100,000 5.0% 80,000 4.0% Share TEU 60,000 3.0% 40,000 2.0% 20,000 1.0% 0 0.0% 00 00 00 01 01 01 01 02 02 02 02 03 03 03 03 04 04 04 04 05 05 05 05 06 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q KL Volume 48 51 48 48 49 53 49 37 61 79 72 74 81 90 84 86 93 94 93 95 103 104 105 109 Share 3.6% 3.6% 3.6% 3.7% 3.6% 3.7% 3.6% 2.8% 4.2% 5.1% 4.9% 4.4% 4.5% 4.8% 4.8% 4.3% 4.4% 4.4% 4.7% 4.2% 4.2% 4.0% 4.1% 4.0% 7

1-6. “K” Line Container Volume & Share (Europe to Asia (ex. India) 00F-05F) AES EB KL Results 70,000 7.0% 60,000 6.0% 50,000 5.0% 40,000 4.0% Share TEU 30,000 3.0% 20,000 2.0% 10,000 1.0% 0 0.0% 00 00 00 01 01 01 01 02 02 02 02 03 03 03 03 04 04 04 04 05 05 05 05 06 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 37 38 39 38 42 46 47 38 45 49 53 53 49 53 62 55 55 60 57 54 58 58 62 64 KL Volume 4.3% 4.7% 4.7% 4.6% 4.7% 5.1% 5.4% 4.4% 4.9% 5.1% 5.6% 5.2% 5.0% 5.1% 6.0% 4.8% 4.8% 5.0% 4.9% 4.6% 4.5% 4.6% 5.0% 5.2% Share 8

1-7. Trend of Average Container Freight (Asia-North America Trade) (Data: CONTAINERIZATION INTERNATIONAL) E.Bound US$/TEU W.Bound 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600 93-4th 94-3rd 95-2nd 96-1st 96-4th 97-3rd 98-2nd 99-1st 99-4th 00-3rd 01-2nd 02-1st 02-4th 03-3rd 04-2nd 05-1st 05-4th 9

1-8. Trend of Average Container Freight (Asia-Europe Trade) (Data: Containerization International) W.Bound US$/TEU E.Bound 1,900 1,700 1,500 1,300 1,100 900 700 500 93-4th 94-3rd 95-2nd 96-1st 96-4th 97-3rd 98-2nd 99-1st 99-4th 00-3rd 01-2nd 02-1st 02-4th 03-3 ｒｄ 04-2nd 05-1st 05-4th 10

1-9. Trend of Average Container Freight/Volume (“K” Line All Trades) (00F-05F 4Q) Volume(1,000TEU) Freight/TEU($) 1,000 1,400 1,250 1,175 1,207 1,243 1,178 900 1,154 1,132 1,173 1,122 1,073 1,108 1,200 1,073 1,050 1,037 1,044 800 1,055 1,000 981 925 915 932 661 667 652 657 1,000 810 700 861 852 615 630 617 595 575 584 566 556 600 520 800 516 530 504 450 500 435 409 391 413 414 407 426 600 400 300 400 200 200 100 0 0 00F 1Q 00F 2Q 00F 3Q 00F 4Q 01F 1Q 01F 2Q 01F 3Q 01F 4Q 02F 1Q 02F 2Q 02F 3Q 02F 4Q 03F 1Q 03F 2Q 03F 3Q 03F 4Q 04F 1Q 04F 2Q 04F 3Q 04F 4Q 05F 1Q 05F 2Q 05F 3Q 05F 4Q Volume Freight 11

1-10. Bulker Market ($/KT) （PANAMAX US GULF/JAPAN GRAIN） 80 76 72 68 64 60 04F 56 52 03F 48 05F 44 40 36 32 28 24 02F 20 16 12 8 4 0 APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 12

1-11. Tanker Market TANKER MARKET (VLCC ARABIAN GULF/JAPAN) (WS) 350 300 04F 250 05F 200 150 100 03F 50 02F 0 APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 13

1-12. Transition of Cars/Trucks Transported by “K” Line PCTC Fleet 14

1-13. “K” Line Vessel Fleet Composition March 2006 (Total 407 Vessels) Coastal/Ferry/Other Container 11% 19% Energy Resource 45 77 16% 65 127 93 Bulk Carrier PCTC 31% 23% March 2005 (Total 390 Vessels) Coastal/Ferry/Other Container 12% 19% Energy Resource 45 73 59 15% 135 78 Bulk Carrier PCTC 34% 20% 15

1-14. “K” Line Container Vessel Fleet Composition 05F 4Q 04F 4Q 5500TEU over 13 15 3500TEU （ 3400 - 4700 ） 22 25 2800TEU （ 2700 - 2900 ） 5 5 2000TEU （ 1500 - 2500 ） 11 9 1400TEU or under 22 23 Total 73 77 16

1-15. “K” Line Bulk Carrier Fleet Composition March 2006 (Total 127 Vessels) Chip/Pulp Carrier 11% Smallhandy Bulker 9% 14 Cape Size Bulker 11 56 44% 17 Handymax Bulker 29 13% Panamax Bulker 23% March 2005 (Total 135 Vessels) Chip/Pulp Carrier 10% Smallhandy Bulker Cape Size Bulker 14 11% 15 51 38% 15 40 Handymax Bulker 11% Panamax Bulker 30% 17

1-16. “K” Line PCTC Vessel Fleet Composition 04F 4Q 05F 4Q 6000 units 10 12 5000 units （ 4750 - 5650) 26 29 4000 units （ 3800 - 4600 ） 17 20 3000 units （ 2800 - 3500 ） 13 15 2000 units （ 1600 - 2500 ） 2 2 800 units （ 800 - 850 ） 10 15 Total 78 93 18

1-17. “K” Line Energy Transport Fleet Composition March 2006 Tanker/VLCC (Total 65 Vessels) Tanker/DIRTY 4 LNG Carrier 10 30 Tanker/CLEAN 2 LPG Carrier 3 Thermal Coal Carrier 16 March 2005 (Total 59 Vessels) Tanker/VLCC 4 LNG Carrier Tanker/DIRTY 26 9 Tanker/CLEAN 3 LPG Carrier 3 Thermal Coal Carrier 14 19