JBIC concluded a loan agreement with China-based Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS), in which Kawasaki Heavy Industries, Ltd. (Kawasaki) has an equity stake. The agreement provides the necessary funds for the shipbuilding business conducted by DACKS in Dalian, Liaoning Province, located in northeast China. The funds are to be used to expand the company's shipbuilding facilities. DACKS builds and sells ships for overseas markets, including China, using the design know-how, production management technology, etc., of Kawasaki, which is involved in the construction of various types of vessels. In the market for new ships, demand is expected to be firm in the future on account of greater overseas transport, and Kawasaki is attempting to expand its ship building and sales operations, particularly for large vessels, through an investment in additional plants and equipment for DACKS.