Grounding of a Bulk Carrier (No.1)

October 29, 2020

Kawasaki Kisen Kaisha, Ltd. ("K" Line) reportsthat the "MERCURY OCEAN", a bulk carrier went aground off Boshnyakovo Port, Russia at approximately 03:30 (Local Time) on October 26, 2020 (The incident).

The vessel is time chartered by "K" Linefrom her Head Ownersand is sublet by "K" Line to a sub-charterer.

A salvage tug arrived at the site around 01:00 on October 28 and commenced salvage operations shortly thereafter.

According to the Head Owners, all the crew issafe, and details of the Incident including any possible pollution areunder investigation.

All the relevant authorities have been notified. "K" Line is cooperating with the Head Ownerswho are taking steps and arranging measures to minimize anyfurther damage.

Incident Information
Date and time: Around 03:30 (Local Time), October 26, 2020
Position: Off Boshnyakovo Port, Russia
Incident as reported: During inclement weather at the anchorage, the anchor dragged and the vessel went aground.
Crew injuries: None
Oil leakage: Under investigation

Vessel Information
Vessel Name: MERCURY OCEAN
Head Owners: MI-DAS LINE S.A. (affiliatedc ompany of DOUN KISEN CO., LTD.)
Time Charterer: KAWASAKI KISEN KAISHA, LTD. (K LINE)
Sub Charterer: FULLINKS MARINE COMPANY LIMITED (HONG KONG)
Ship Management: APEX SHIP MANAGEMENT PTE LTD (SINGAPORE)
Flag: PANAMA
Built: 2008
Crew: 20 Myanmar crews
Main Particular: LOA 189.94m, Width 32.26m, Gross Tonnage 30,004 tons
Cargo: Coal

Kawasaki Kisen Kaisha, Ltd. press release