～Progressing towards 2030 Interim Milestones and Action Plan for Low-Carbonization～

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has decided to procure eight 7,000 units class car carriers fueled by LNG (liquefied natural gas) by FY2023 to FY2025, following our first LNG-fueled vessel, “CENTURY HIGHWAY GREEN” which was delivered on March 12, 2021.“K” Line has made an agreement to order the new next-generation of environmentally friendly car carriers from NIHON SHIPYARD CO., LTD., SHIN KURUSHIMA DOCKYARD CO., LTD., and CHINA MERCHANTS JINLING SHIPYARD (NANJING) CO., LTD, two vessels in each of three shipyards.

Next-generation of environmentally friendly vessels are expected to reduce emissions of carbon dioxide (CO2), which is a greenhouse gas (GHG), by 25% to 30%, emissions of sulfur oxides (SOx), which cause air pollution, by almost 100%, and emissions of nitrogen oxides (NOx) by 80% to 90% with use of LNG fuel and EGR（Exhaust Gas Recirculation）, compared to conventional vessels using heavy fuel oil.

In “K” LINE Environmental Vision 2050 (Note1), we have set the 2030 interim target of improving CO2 emission efficiency by 50% over 2008, surpassing the IMO target of 40% improvement. We are planning to substitute LNG fuel and other new fuels for conventional heavy fuel oil to achieve the targets set forth.

In accordance with “K” LINE Environmental Vision 2050, we will flexibly and proactively listen to customer demands including environmental issues and find the best solution to contribute to the sustainable development of the society.