Archives for November 2021

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce publication of “K” LINE REPORT 2021.

URL：https://www.kline.co.jp/en/ir/library/report.html

In the message from the CEO, we state our mission to continuously improving corporate value together with society and the global environment conservation by providing safe, environmentally friendly and high-quality service, while fulfilling its social mission as a shipping company to continue providing an indispensable piece of social infrastructure that supports people’s lives.

In the special features, as examples of providing new value, we present roundtable discussions with employees involved in construction of our first LNG fueled car carrier, efforts toward carbon neutrality and exploration of growth markets, and improvement of safety, environmental performance and quality with digital technologies.

We also explain sustainability management, efforts for safety in navigation and environmental protection, human resource management and corporate governance as a basis of sustainable growth.

On this day, November 18^th, 2021, at the Tadotsu Shipyard Co., Ltd., which is part of the Imabari Shipbuilding Group, the 90,000DWT bulk carrier “LIN MIARAK” has been completed and delivered.

The vessel will be regularly engaged in coal transportation for Kobe Steel, Ltd. under a long-term consecutive voyage charter contract (CVC).

The ship was designed and built to be TierⅢ compliance under Regulation 13 of MARPOL Annex VI. By reducing the amount of Nitrogen Oxide (NOx) emitted into the air as state-of-the-art environmentally friendly ship, she will be complying with the regulations published by the International Maritime Organization (IMO) and will be expected to greatly contribute to the conservation of the global environment.

As a member of the international community, “K” LINE offers its customers a unique range of transport services while striving to promote environmental conservation measures. “K” Line will remain committed to flexibly and actively responding to diversifying needs for shipments.

Vessel Particulars

LOA                :        249.99M

Width             :        43.00M

Depth             :        18.70M

Deadweight   :        90,991T

Gross Ton       :        57,963T

Main Engine   :        MITSUI–MAN B&W 6S60ME-C10.5-EGRBP

Class               :        NK

Flag                :        Panama

Builder           :        Tadotsu Shipyard Co., Ltd.

November 17, 2021

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that our group company in Thailand, BANGKOK COLD STORAGE SERVICE, LTD. (BCS) and K LINE CONTAINER SERVICE (THAILAND) LTD. (KCST), will establish new warehouses in Bang Na district near Bangkok.

Currently, BCS is operating 2 freezing and refrigerating warehouses in 2 locations where are Thepharak district and Bang Na district, and KCST is operating 10 dry warehouses in 3 locations where are Bang Na district, Amata City Chonburi district and Bangpra district.

“K” LINE has decided to build new warehouses for supporting the expanding distribution demand in Thailand and the diverse needs of our customers. Both of BCS and KCST have been operating warehouse businesses for more than 30 years in Thailand, “K” LINE continues to provide high-quality services to meet the customer’s sophisticated demands with new cold and dry warehouses.

In addition to above, new warehouses will be located near the city center of Bangkok, Suvarnabhumi International Airport, and Laem Chabang Port. “K” LINE believes that they will enhance their function as storage and distribution base in Bangkok area.

New warehouses overview

1. BCS freezing and refrigerating warehouses

Name              ： BANGKOK COLD STORAGE SERVICE LTD.（BCS）

Location          ： 192 193 Moo 9, Bangna-Trad Km.19 Road, T.Bangchalong, A.Bangplee, Samutprakarn 10540

Starting date   ： May, 2023

Main Business ： Freezing / refrigerated cargo storage, food processing, distribution processing, packaging, etc.

Equipment details：

BCS aims to be one of the world leading energy-saving freezing and refrigerating warehouses by minimizing the amount of operating power and supplying 50% of the required power with solar power generation. The warehouse complies with HACCP (Note 1), GMP (Note 2), and GDP (Note 3), which are standards for food and drug storage.

2. KCST dry warehouse

Name              ： K LINE CONTAINER SERVICE(THAILAND) LTD.　(KCST)

Location          ： 192 193 Moo 9, Bangna-Trad Km.19 Road, T. Bangchalong, A.Bangplee, Samutprakarn 10540

Starting date   ： Dec, 2022

Main Business ： General cargo storage, distribution processing, packaging, etc.

Equipment details：

KCST aims to be compatible with e-commerce products, by installing high storage racks to increase the number of storage locations, it will be a warehouse that can store small quantities of various types. We also have a cargo entrance / exit which is corresponding to all weather.

Planned construction site for new warehouse

Planned construction site is located with good access from each base, about 30km from downtown Bangkok, about 35km from Bangkok Port, about 100km from Laem Chabang Port, and about 23km from Suvarnabhumi International Airport.

In our management plan, we position the logistics business as a main business that contributes to stable profits. We will continue to promote the development of the logistics business, mainly in Southeast Asia, where economic growth is remarkable.

(Reference) Disclosed our Management plan on May 10th, 2021 as a Rolling planning.

https://www.kline.co.jp/en/ir/management/strategy.html

(Note 1) HACCP (Hazard Analysis and Critical Control Point)

In order for food business operators themselves to understand the hazards such as food poisoning bacteria contamination and foreign matter contamination, and then eliminate or reduce those hazards in the entire process from the arrival of raw materials to the shipment of products.

It is a hygiene management method that aims to ensure product safety by controlling processes that are particularly important for food poisoning.

(Note 2) GMP (Good Manufacturing Practice)

Standards for manufacturing control and quality control in pharmaceutical manufacturing plants.

(Note 3) GDP (Good Distribution Practice)

It is a standard (standard for proper logistics) aimed at ensuring the quality of pharmaceutical products in the transportation and storage process.

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has been selected again as an Asia Pacific Index component of the Dow Jones Sustainability Indices (DJSI), one of the leading global indices for ESG investing, for the 11th consecutive year since 2011.

DJSI, the index provided by S&P Dow Jones Indices, measures the performance of companies in terms of economic, environmental and social criteria, through a corporate sustainability assessment, and only includes companies with remarkable performance. Among those indices, Asia Pacific Index selects 153 companies in the Asia-Pacific developed region (including 77 Japanese companies) as components, as a result of sustainability assessment of 609 largest companies in the region. Launched in 1999, DSJI is one of the first global sustainability benchmarks for investors which integrate sustainability consideration into their portfolios.

We have been addressing sustainability as a priority issue of our corporate management, and are making full-scale efforts to contribute to the resolution of social issues, including climate change. For example, we plan further expansion of the introduction of next-generation environmentally friendly car carriers fueled by LNG, the first one of which was launched in March this year. In addition, from FY2022 to 2023, we plan to introduce a capesize bulk carrier equipped with Seawing, an automated kite system using wind power, and a very large gas carrier (VLGC) mainly fueled by LPG. At the beginning of this month, we have revised our 2050 environmental target to “The Challenge of Achieving Net-Zero GHG Emissions”. With this new target, we will not only reinforce initiatives for reducing our in-house GHG emissions by introducing zero-emission vessels powered by new fuels, but also actively support projects aimed at a decarbonized society, including support vessels for projects related to the renewable energy field, such as offshore wind power, as well as transportation of new energy sources, such as hydrogen and ammonia. 

Through our sustainability management, we will continue to contribute to the realization of a sustainable society, as well as strive to promote our own growth strategy and improve our corporate value.