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“K” Line Ships Relief Supplies to Flooded Regions in Thailand Free of Charge

Kawasaki Kisen Kaisha, Ltd. (“K” Line) is shipping containers of relief supplies free of charge from Japan to regions of Thailand that have been afflicted by devastating floods. 

The free shipments by “K” Line include 5775 cases of water provided by the Aeon Group in response to a request from the Bangkok Metropolitan Administration. The first shipment of five 40-foot containers departed the Port of Yokohama today on the Saigon Bridge, a containership operated by “K” Line, and is scheduled to arrive at Laem Chabang Port in Thailand on November 27 for distribution to the flooded regions.

 “K” Line will continue to undertake active support operations in the afflicted regions through its marine transport and other services.

 For further information, please contact:

 Ryoichi Ikeda

Manager, CSR & Compliance Division, General Affairs Group

Tel: +81-3-3595-5092   Fax: +81-3-3595-5175

Toshiaki Takasaki

Manager, Information & Public Relations Team, IR & PR Group

Tel: +81-3-3595-5083  Fax: +81-3-3595-5001

Kawasaki Kisen Kaisha, Ltd. (“K” Line)

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“K” Line Adds Korea-Philippines-Indonesia Container Service

Kawasaki Kisen Kaisha, Ltd (“K” Line) is pleased to announce the newly-added weekly service called Jaseco-K from Korea to Philippines and Indonesia as a slot operator.

“K” Line aims to expand the service coverage to/from Korea to the Straits area with this direct service providing an even better quality service to our valued customers in this region.

Details of the service are as follows:-

  • Port rotation:    Xingang – Pyeongtaek – Busan – Manila – Singapore – Jakarta – Manila – Busan – Incheon – (Xingang)
  • Service frequency:   Weekly
  • Starting vessel:  City of Shanghai 0008W ETA Xingang 07th Nov 2011

For further information, please contact:

Fumiyoshi Sato

Manager, Planning Team, Containerships Strategy Group

Kawasaki Kisen Kaisha, Ltd.

Tel: +81-3-3595-5341 Fax: +81-3-3595-5288

Email: sato.fumiyoshi@jp.kline.com

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The Shipowners’ Club Announces No Increase in Premiums for Second Year Running

The Shipowners’ Club has once again held its premiums to the previous year’s levels, and has reported an increase of 7.3% in earned premiums for the half-year ended August 2011.

In its half-yearly report, Shipowners states that its strong results are a reflection of the organic growth it has experienced during the 2010 policy year, principally from the offshore sector. Entered tonnage increased by 6.5% to 19.45 million GT, driven by new business which in turn has been attracted by an expert claims handling service and the benefits of comprehensive liability insurance.

Commenting on the results, Shipowners’ Chief Executive, Charles Hume, stated: “We are very pleased to announce there will be no general increase to our premiums for the coming year.  Despite a recognition that claims are starting to increase again, Shipowners continues to grow, reserves are strong and the underwriting performance for the first half of the year is producing some encouraging signs. We are also conscious that many of our Members continue to experience very difficult operating conditions, and we believe it is part of a club’s role to help owners keep insurance costs to a minimum.”

The half-yearly unaudited figures showed gross income for Shipowners rising to US$103.3 million. This was achieved in spite of a volatile start to the policy year with claims values up over 20% and an increase of 2% in claims frequency when compared with the 2010 policy year.

Against an uncertain backdrop in investment markets, Shipowners’ investment managers produced an aggregate return on investments for the first half year of 0.8%, and, together with other exchange gains, there was an overall return on investments of US$4.8 million.

Despite announcing no general increase in premiums, Hume emphasised, “Maintaining the financial stability of Shipowners is essential. We will review closely the record and risk of each Member, working with the broker to ensure that the premiums and terms of entry are commensurate with the risks that each operation brings.”

ENDS

Notes for Editors:

A pdf of the Half Year Report 2011/12 is available for download at www.shipownersclub.com

The Shipowners’ Club is a mutual marine liability insurer, providing Protection & Indemnity insurance to small and specialist vessels since 1855. The Club currently insurers over 30,000 vessels from more than 6,200 Members worldwide and is a member of the International Group of P&I Clubs.

The Club has branches located in Luxembourg, London, Singapore and Vancouver.

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