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|  | | K Line to invest in Titan Quanzhou Shipyard Ltd. |
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ĦĦĦĦAug. 5th, Kawasaki Kisen Kaisha, Ltd. is pleased to announce that an agreement has been reached with the holding company of Titan Quanzhou Shipyard Ltd. (TQSL), a shipyard under construction in a suburb of Quanzhou City, Fujian Province, PRC by Titan Petrochemicals Group Ltd., for "K Line to become a Primary Strategic Partner in ship repair business by purchasing convertible securities.
ĦĦĦĦTQSL is located in a suburb of Quanzhou City, Fujian Province,. Upon full completion in 2010, it will be the largest modern-designed repair dock in China with capacity of 250 vessels per year, equipped with four ultra-large dry docks, two slipways, ten repair berths, painting workshop and mechanical-electrical workshop.
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