Newbuilding Orders to Be Placed for 2 Ships for Long-Term Contracts with JFE Group

June 11, 2002

NYK Line has decided to place two newbuilding orders - one for a 229,000-ton ore carrier and the other for a 200,000-ton bulk carrier (Setouchi-max type) - with Namura Shipbuilding Co., Ltd. and NKK Corporation, respectively. The ore carrier is slated to be completed in the second quarter of 2004 for assignment under our long-term ore transport contract with Kawasaki Steel Corporation. The bulk carrier is scheduled to be completed in the first half of 2005 for assignment under our long-term shipping contract with NKK Corporation. Principal particulars of the above-mentioned two vessels are as follows:

229,000-ton Ore Carrier:
Length Overall (LOA): 319.6 m
Breadth (moulded): 54.0 m
Depth (moulded): 24.3 m
Designed Load Draft: 18.1 m
Deadweight Tonnage (DWT): 229,000 mt

200,000-ton Bulk Carrier
Length Overall (LOA): 290.0 m
Breadth (moulded): 50.0 meters
Depth (moulded): 24.1 meters
Designed Load Draft: 17.8 m
Deadweight Tonnage (DWT): 200,000 mt

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