Bulk Carrier Orient Phoenix Launched

Tokyo, June 1, 2007 – Kawasaki Shipbuilding Corporation today launched the Orient Phoenix bulk carrier for Panama-based Black Ship Line, S.A. at its Kobe Shipyard. The carrier, identified as Kawasaki hull No. 1578 and the 15th 55,500 DWT bulk carrier developed by Kawasaki Shipbuilding, will be delivered in August 2007 after outfitting at the quay of the Shipyard.