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IHI Completes MOL Performance

Maritime Activity Reports, Inc.

June 21, 2002

Ishikawajima-Harima Heavy Industries Co., Ltd. (IHI) has completed construction of the overPanamax container carrier, MOL Performance, for Mitsui O.S.K. Lines Ltd. (MOL) of Japan at the IHI Kure Shipyard. The carrier is the first of three MOL sister ships capable of carrying containers of 6,400TEUs at a high speed of 27.8 knots. IHI pioneered construction of the over Panamax container carrier with a beam of over 32.2m and has constructed 11 over Panamax container carriers including the MOL Performance. IHI will build 13 large container carriers at its Kure and Yokohama Shipyards. The MOL Performance has entered service between the Far East and Europe.

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