Transport communications

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TT Club Supports Seahorse Club Journalist Award

London, 20 January 2015

Seahorse 2015 - Joe Lo with Andrew Huxley

Joe Lo, 2015 Winner of the Seahorse Newcomer of the Year award receives his trophy and certificate from Andrew Huxley, Development Director – Europe, Middle East and Africa

International freight insurance provider, TT Club has been enthusiastically supporting the Seahorse Club journalist awards for some years. The Awards are specifically for journalists active in the shipping, freight transport and logistics arena. At the 2015 Awards Presentation the Club again sponsored what it considers to be a significant award category, ‘The Newcomer of the Year’, which was won by Joe Lo from the magazine Container Management.

Risk Management Director, Peregrine Storrs-Fox explained the Club’s thinking behind its support for the award, “A primary aim of TT Club is to advise its Members and the industry as a whole about safety and risk mitigation issues. As such, effective communication through the media is an important priority.”

Editors were to nominate a journalist who had been working for the media channel for no more than two years and who had shown outstanding potential in his or her understanding of the salient issues facing the modern freight transport industry. Furthermore, editors were urged to identify candidates producing consistently high quality content, which provides both an attractive read and a balanced view on the subject at hand.

The 2015 winner Joe Lo was understandably pleased to receive the recognition, “I’m delighted to have won this award, particularly given the ultra-tough competition from my colleagues at Container Management and the other talented journalists who have recently started writing about this fascinating industry.”

Both TT Club and Seahorse encourage editors to nominate members of their staff to enter the 2016 Awards for this Newcomer category. Voted for by their journalist peers and judged by an experienced group of industry professionals, it is a unique accolade for young aspiring freight journalists.

As Storrs-Fox comments, “We are keen that young, enthusiastic and well trained journalists are encouraged to thrive in the sector. I’m delighted to say that the standard of entrants for the Newcomer category were outstanding in their level of professionalism and balanced reportage.”

ENDS

Notes to Editors

TT Club

The TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services.  As a mutual insurer, the TT Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

Customers include some of the world’s largest shipping lines, busiest ports, biggest freight forwarders and cargo handling terminals, to companies operating on a smaller scale but whose operations face similar risks. TT Club specialises in the insurance of Intermodal Operators, NVOCs, Freight Forwarders, Logistics Operators, Marine Terminals, Stevedores, Port Authorities and Ship Operators.

The TT Club is managed by Thomas Miller.

www.ttclub.com

Thomas Miller is an independent and international provider of insurance, professional and investment services. Founded in 1885, Thomas Miller’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals. Thomas Miller also manages insurance facilities for all the self-employed barristers in England & Wales, as well as trustees of pension schemes, patent agents and housing associations.

Principal activities include:

  • Management services for transport and professional indemnity insurance mutuals
  • Investment management for institutions and private clients
  • Professional services
  • Building defects insurance

www.thomasmiller.com

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ICHCA Announces Inaugural Innovation in Safety Award

The cargo handling industry’s representative body launches a safety award, sponsored by specialist insurance provider TT Club, to highlight innovation in improving safety standards in cargo logistics around the world

London, 15 January 2016

Presentations to the winner of the award, and to the highly recommended entrant, will be made by new IMO Secretary General Kitack Lim at a special reception during ICHCA International Conference on “Bigger Ships, Greater Challenges” in Barcelona on 1st March. Mr Lim, who in his inaugural speech this month called for “strengthened partnerships” between all stakeholder to ensure the safety, security and sustainability of shipping, will also give the opening keynote at the Conference.

Both ICHCA International and TT Club have a fundamental commitment to risk reduction throughout the supply chain industry and, in particular safety, within cargo handling operations. This is paramount to the philosophy of the two organisations.

In announcing the opening of the Award entry process, ICHCA International Chairman David Bendall said, “The world’s supply chains are becoming ever-more complex and developing rapidly in new locations. The demands on our cargo handling infrastructure and operations are increasing and safety above all must not be compromised. We are keen therefore that participation in our initiative be industry wide. The Award is open to all those – an individual, team or company – involved in cargo logistics.”

Entrants must show that a product, idea, solution, process, scheme or other innovation has resulted in a demonstrable improvement to safety. Empirical evidence or corroborative support to establish enhanced safety in a defined situation or solution to an issue must be presented. The submission must be original and will be likely to have applications in wider industry circumstances, where appropriate.

The deadline for entries is Friday 12 February 2016 and full details of the entry process and judging criteria can be found here

Peregrine Storrs-Fox, Risk Management Director at TT Club welcomed the opportunity to sponsor this unique Award. “TT Club has always emphasised the critical nature of loss prevention in its role as a primary supplier of liability and property insurance to the supply chain industry. As such, we are committed champions of safety awareness and applaud ICHCA’s initiative to establish this award. We have worked closely with ICHCA for a number of years in producing safety advisory documents and urge sound practice wherever and whenever possible. We look forward to the wealth of safety innovation that will be encouraged by this Award.”

ENDS 

Notes to Editors

ICHCA International

About ICHCA International

Established in 1952, ICHCA International is an independent, not-for-profit organisation dedicated to improving the safety, productivity and efficiency of cargo handling and movement worldwide. ICHCA’s privileged NGO status enables it to represent its members, and the cargo handling industry at large, in front of national and international agencies and regulatory bodies, while its ISP Technical Panel provides best practice advice and develops publications on a wide range of practical cargo handling issues.

Operating through a series of national and regional chapters – including ICHCA Australia, ICHCA Japan and ICHCA Canarias/Africa (CARC) – plus Correspondence and Working Groups, ICHCA provides a focal point for informing, educating, lobbying and networking to improve knowledge and best practice across the cargo handling chain.

www.ichca.com | www.ichca-australia.com

Follow us on Twitter @ICHCA2

Follow us on LinkedIn www.linkedin.com/company/ichca-international

TT Club

The TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services.  As a mutual insurer, the TT Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

Customers include some of the world’s largest shipping lines, busiest ports, biggest freight forwarders and cargo handling terminals, to companies operating on a smaller scale but whose operations face similar risks. TT Club specialises in the insurance of Intermodal Operators, NVOCs, Freight Forwarders, Logistics Operators, Marine Terminals, Stevedores, Port Authorities and Ship Operators.

The TT Club is managed by Thomas Miller.

www.ttclub.com

Thomas Miller is an independent and international provider of insurance, professional and investment services. Founded in 1885, Thomas Miller’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals. Thomas Miller also manages insurance facilities for all the self-employed barristers in England & Wales, as well as trustees of pension schemes, patent agents and housing associations.

Principal activities include:

  • Management services for transport and professional indemnity insurance mutuals
  • Investment management for institutions and private clients
  • Professional services
  • Building defects insurance

www.thomasmiller.com

Contacts:

ICHCA:

Holly Thompson

Communications Officer

Tel: +44 (0)20 3327 7560

Email: holly.thompson@ichca.com

TT Club Media:

Peter Owen

ISIS Communications

Tel: +44 (0)1737 248300

E-mail: info@isiscomms.com  

 

TT Club:

Tally Judge

Tel: +44 (0)20 7204 2632

E-mail: tally.judge@thomasmiller.com

www.ttclub.com

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Delivery of ‘Corona-Series’ Coal Carrier “CORONA UTILITY”

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “CORONA UTILITY,” an 88,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on January 13, 2016

“CORONA UTILITY” is the same type as “K” Line’s specialized fleet for the transportation of thermal coal, known as the ‘Corona-series’. The Corona-series consists of epoch-making coal carriers equipped with a wide beam and shallow draft, which are the most suitable design to enter ports of Japanese Thermal Power Stations to discharge cargo.

With this new latest deployment, the Corona-series now consists of 19 carriers. “K” Line takes pride that its Corona-series has been so favorably evaluated for continuously ensuring the steady and reliable thermal coal transport service with maximum safety for their customers.

Vessel’s Specifications
LOA 229.98M Deadweight Tons 88,847MT
Beam 38.00M Gross Tons 49,721T
Depth 19.90M Net Tons 28,535T
Full Draft 13.904M Hold/Hatch 5/5
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2016 New Year Message from “K” Line Group President Murakami

“Enhancing Individual Strengths to become a Globally Trusted Corporate Group”

To everyone of the “K” Line Group, I extend to you my sincerest wishes for a Happy New Year.Murakami, Eizo - President & CEO

As we enter 2016, I would like to take this opportunity to reflect on the past year and offer a look forward to the challenges ahead.

Although 2015 opened amid concerns of a return by the Greece-sparked European economic crisis, the economies of the developed countries actually remained relatively firm. Indeed, Europe rebounded on the back of falling oil prices, a weak Euro, and a policy of quantitative easing. The United States also saw its consumer spending and housing market gain stability as its employment picture improved.

On the other hand, poor economic performance in emerging markets acted as a drag on growth. There was a clear economic slowdown in China, which is attempting to deal with overinvestment and surplus capacity, and falling resources prices cast a shadow on the economies of Brazil and Russia. The result was a murky picture for the world economy as a whole.

Looking at the international framework, there were conspicuous instances in which countries reached out to each other. A general agreement was reached for the Trans-Pacific Strategic Economic Partnership Agreement (TPP) after more than five years of negotiation, and the United States and Cuba took steps to renew diplomatic ties and normalize relations for the first time in 54 years. At the same time, however, there were heightened geopolitical concerns as extremist organizations hostile to the international community stepped up their activities throughout a broad area.

Because the “K” Line Group plays an important role in global logistics, we cannot ignore such international economic trends or circumstances.   Our medium-term management plan, “ (“K” Line) Value for our Next Century,” which we launched in April of last year, sets a course for raising our corporate value. Its aim is to secure “financial stability” that cannot be shaken, even in the midst of the environmental changes described above, and then to strengthen our “growth potential” in response to expanding and diversifying international logistics demand.

During the first half of this fiscal year, we benefitted from falling fuel oil prices and a continually weakening yen. At the same time, however we were exposed to tough market conditions, particularly in our Containership and Dry Bulk businesses, as the cargo movement fell below expectations while supply pressure on shipping capacity was intensified. Nonetheless, a number of our businesses showed steady performance. They included our Car Carrier Business, which, in addition to the movement of completed cars, is advancing initiatives aimed at heavy construction equipment and rail cars with the use of the latest large energy-saving vessels; our Energy Transportation Business centered on LNG carriers, large LPG carriers, and tankers, which provides stable income based on medium- and long-term contracts; and our Logistics Business, which is expanding its operations in various regions. Accordingly, our overall earnings exceeded initial estimations despite being influenced by fluctuations in foreign exchange-related profit and loss. However, given stagnating resources demand in China and other regions as well as rising geopolitical risks, the business environment continues to be uncertain in the second half. We anticipate that some more time will be required before we see full-scale market recovery.

In response to this changing business environment, we are taking steady steps forward in line with the scenarios detailed in our medium-term management plan. We will formulate and execute streamlining measures with agility. And we will stay on schedule with strategic investment aimed at growth in energy transportation and other sectors, as well as in investment to expand our base for stable earnings with the introduction of the latest large energy-saving vessels. As we respond flexibly to future changes in the environment, we will remain focused on our basic policy and committed to the steady promotion of our plan.

Any effort to drive business forward toward a common goal requires the foundation provided by a strong organization. Because such an organization is ultimately comprised of individuals, when those individuals enhance their capabilities and improve the quality of their work, they help the organization demonstrate its full power. Above all, having the ability to gather great amounts of information, arrange it, and use it to anticipate future events is a vital part of business promotion, even in everyday operations. Although the “K” Line Group has always emphasized human resources development, I would like to see us put even more effort into the development of individuals who possess knowledge and expertise. I hope that each one of us will view the New Year as an opportunity to take stock of our own abilities and improve them.

The year 2015 marked a new start for the “K” Line Group. This start was based on a reexamination of our corporate philosophy and vision and renewed verification of what it is we want to be. We formulated our medium-term management plan as an action plan for the actual application of this philosophy and vision, and we are taking steps to improve our corporate culture and climate through the “”K”-no-Kaze” (“K” Line Wind) program. Additionally, we prepared a long-term policy for environmental conservation—called “Environmental Vision 2050”—to fulfill our responsibility to minimize our impact on the global environment. Early next month, DRIVE GREEN PROJECT, construction of a car carrier equipped with state-of-the-art technologies and designed to achieve the highest level of energy savings and environment-friendliness, is scheduled to be completed. I believe this new vessel will become symbolic of our ideal of “contributing to affluent living as a globally trusted corporate group.”

The safe operation of this vessel and compliance with the law are of paramount importance in our effort to truly be a “globally trusted corporate group.” In addition to being our responsibility to society, safe operation forms the foundation upon which we continually gain our customers’ trust. It also has important environmental aspects. At the same time, all of our corporate activities are built on compliance with laws and social norms. I hope that everyone will constantly bear in mind the fact that any failure of compliance can upset the foundation of our group’s business.

Additionally, we are implementing measures to prevent or reduce cases of long working hours. Through a combination of company-led initiatives and improvements in work quality and productivity by individual employees, I want to reduce working hours and tie the benefits to a better work-life balance.

Over the course of 2016, we will continue to execute our medium-term management plan and other important business plans and activities. Let us move forward steadily, unwaveringly, and with full attention to our goals.

In closing, as we celebrate the New Year, I wish all of you, the members of the “K” Line Group, and your families good health and prosperity, and pray that all of our ships will enjoy safe passage throughout 2016.

Eizo Murakami

President & CEO

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