A fund created by the Export-Import Bank of Korea (KEXIM) would be offering funding for four Capesizes that Hyundai Merchant Marine (HMM) is constructing for an 18-year consecutive voyage charter
to Korea Electric Power Company (KEPCO).
Tokyo ("K" Line; TSE: 9107) is proud to announce that an en bloc deal of ten consecutive voyage charter
(CVC) contracts, duration of which are for ten-year each, was concluded and signed with JSW Steel Limited and JSW Energy Limited, Mumbai-based companies both belong to O.
We derive our voyage revenue from time charters, contracts of affreightment, consecutive voyage charters
and spot charters, which are described in more detail under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2004.