Kawasaki Kisen Kaisha, Ltd. is pleased to announce the signing of two long-term Time Charter contracts which have been concluded with a subsidiary of INPEX CORPORATION (INPEX) and with a joint venture of INPEX and French Oil Major TOTAL S.A. (TOTAL)'s subsidiaries. "K" Line has also executed Shipbuilding contracts with Mitsubishi Heavy Industries, Ltd. (MHI) and Kawasaki Heavy Industries, Ltd. (KHI), respectively.

INPEX, TOTAL and other companies operate the Ichthys LNG Project (Ichthys Project) in Western Australia which is on track to produce its first gas by the end of 2016. Both vessels will engage in the transport of LNG from the Ichthys Project to Japan and Taiwan.