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12 2 0 1 7 A N N U A L R E P O R T ABOUT "K" LINE Kawasaki Kisen Kaisha ("K" Line) is a diversified ocean shipping company opera ng a fleet of 433 vessels, including car carrier ships and bulk ships, as well as LNG, LPG and crude oil tankers in global trade. It is "K" Line's vision to provide reliable and excellent services, while doing business in a fair way, respec ng humanity, and relentlessly pursuing innova on. ABOUT HYUNDAI MERCHANT MARINE Hyundai Merchant Marine (HMM) is an integrated logis cs company, opera ng around 130 state-of-the-art vessels, with worldwide global service networks, diverse logis cs facili es, leading IT shipping-related systems, a professional, highly-trained staff, and con nual effort to provide premier transporta on services. Star ng with three (3) VLCCs in 1976, HMM has strengthened its compe veness to advance new services, such as bulk carrier, tramper, container carrier, LNG carrier and special product carrier. As a result, HMM has a stable business structure that can withstand sector fluctua ons by opera ng diversified businesses. HMM has formed a global business network with four interna onal headquarters, 27 subsidiaries, 76 branches, five overseas offices and 10 liaison offices. It is highly regarded as one of the world's top integrated- logis cs companies with its targeted market prospects, efficient organiza on, top personnel, and advanced internet systems. HMM transports na onally strategic materials such as crude oil, iron ore/coal and diverse special products as well as import/export goods. Earnings are eight trillion Korean won per year, clearly playing a major role in Korea as a vital economic artery. HMM invests to con nuously expand its vessel fleet, acquires container terminals in the worldwide primary loca on and inland logis cs facili es, and develops premiere customer-oriented IT systems. Because of these endeavors, HMM will become a world top integrated logis cs company giving "hope to shareholders, sa sfac on to customers and pride to employees." USMX CARRIER MEMBERS