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Please be advised that “K” Line Tokyo Head Office made the following press release announcement today.
To read this press release in its entirety please follow the following link:
https://www.kline.co.jp/en/news/other/other134269898622655607/main/0/link/220203_2EN.pdf
Please be advised that “K” Line Tokyo Head Office published the following press release today.
Please see the attached PDF documents to see the full reports:
・Financial Highlights for 3rd Quarter FY2021
https://www.kline.co.jp/en/news/ir/ir-1284978996270673514/main/0/link/2021_3_report_e.pdf
・Notice on Revision to Financial Results for the full Fiscal Year ending March 2022
https://www.kline.co.jp/en/news/ir/auto_20220202578608/pdfFile.pdf
If you cannot open the URL please access the press release via the website:
From its new facility, GEODIS, a global leading transport and logistics services provider, will provide airfreight, ocean freight, contract logistics and customs brokerage solutions for its customers in a wide range of market sectors, including automotive and FMCG.
The planned 4,500m2 warehouse facility, which is due to be operational by second half of 2022, will feature 4,000 pallet locations, 1,500m2 of bulk space, and a cool room for perishable goods supply to marine and hospitality logistics customers, especially cruise lines.
Stuart Asplet, GEODIS’ Sub-Regional Managing Director, Pacific Regional Director Sea Freight, Asia Pacific said: “At this new facility, GEODIS will showcase its expertise in import and export services including customs brokerage to ensure complete supply chain transparency. GEODIS in Brisbane already has a strong package of solutions for our customers. This new, strategically positioned facility will not only enable us to meet the fast-changing needs of our customers today but will give us ample room to grow our offerings in the market.”
BNE Property is delivering the purpose-built warehouse at Brisbane Airport’s Export Park, a precinct home to large-scale warehousing, freight handling, and distribution centres, as well as catering, wholesaling, and storage facilities.
Martin Ryan, Brisbane Airport Corporation Executive General Manager Commercial, said: “It’s fantastic to have another great tenant join BNE’s growing business community. Brisbane Airport’s size, accessibility, and amenity continue to attract great commercial and industrial businesses, and we are extremely pleased that GEODIS has selected BNE as the perfect place to continue to grow its business.”
GEODIS in Australia features 30,888 m2 of warehousing space across seven locations and offers customers end-to-end solutions spanning a large range of services, including freight forwarding, supply chain optimization, and contract logistics.
GEODIS – www.geodis.com
GEODIS is a top-rated, global supply chain operator recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport), coupled with the company’s truly global reach thanks to a global network spanning nearly 170 countries, is reflected by its top business rankings: no. 1 in France and no. 7 worldwide. In 2020, GEODIS employed over 41,000 people globally and generated €8.4 billion in revenue.
～Promoting the development of CCS-related businesses to realize a carbon-neutral society～
CCS is a series of technologies for capturing carbon dioxide (CO2) emitted from power plants, refineries, and factories instead of releasing it into the atmosphere. The captured CO2 is then injected deep into the ground at a carefully selected and safe site, where it is stored. The CCS is a climate change technology that can achieve significant CO2 emission reductions thereby reducing greenhouse gas emissions which is key to the realization of a carbon neutral society in 2050.
“K” LINE is actively promoting CCS-related businesses. In the demonstration test of an onboard CO2 capture system, “K” LINE successfully separated and captured CO2 from the exhaust gas emitted from the vessel for the first time in the world. The result of the demonstration was achieved with the planned performance. (Note 1) In addition, “K” LINE is participating the demonstration project on CO2 ship transportation by New Energy and Industrial Technology Development Organization（NEDO） and conducting research and development that will contribute to the long-distance and large-scale transportation of CO2 in the future. The liquefied CO2 carrier for the demonstration test is being built as the world’s first demonstration vessel for the CCUS project, and “K” LINE is participating in the development of CO2 shipping technology by utilizing our technology and knowledge of safe operation and safe cargo handling of liquefied gas carriers which we have cultivated over many years. (Note2)
GCCSI was established by the Australian government in 2009 to promote the use of CCS technology worldwide, and currently has members from all over the world, including government, industries, and research organizations. GCCSI conducts surveys on the latest trends in CCS business and technology and holds subcommittee meetings to discuss the launch of international CCS projects in the future.
“K” LINE will keep abreast of the international CCS development and will accelerate its consideration of participation in CCS related business by joining GCCSI. We will continue to contribute to the realization of a carbon neutral society based on the “K” LINE Environmental Vision 2050 (Note 3).
Global CCS Institute Outline
The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality and it promotes research, knowledge sharing and awareness raising on CCS related trends. The diverse international membership includes governments, global corporations, private companies, research bodies and non-governmental organizations.
～Demonstration test ship for Liquefied CO2 transportation to CCUS Bareboat charter contract and tank system purchase contract is signed～
ENAA has been leading the development of a demonstration test ship and been developing LCO2 tank system specifications. Sanyu Kisen has ordered manufacture the tank system based on the R&D by ENAA and construction of a demonstration test ship equipped with its tank system to Mitsubishi Shipbuilding Co, Ltd., a member of the Mitsubishi Heavy Industries Group (MHI). The vessel will be built at the Enoura Plant at MHI’s Shimonoseki Shipyard & Machinery Works.
Upon building completion and the delivery, ENAA will charter the demonstration test ship from Sanyu Kisen to carry out research and development and demonstration tests for establishing LCO2 ship transportation technology.
The vessel is the demonstration test ship to transport LCO2 for Carbon Capture, Utilization and Storage (CCUS) project expected to be the first of its kind in the world.
ENAA will operate the vessel from the second half of FY2023 for “CCUS R&D and Demonstration Related Project / Large-scale CCUS Demonstration in Tomakomai / Demonstration Project on CO2 Transportation / R&D and Demonstration Project for CO2 Marine Transportation” (the demonstration projects), which have been conducted by New Energy and Industrial Technology Development Organization (NEDO) since June 2021.
ENAA, Kawasaki Kisen Kaisha, Ltd. (“K” LINE), Nippon Gas Line Co., Ltd. (NGL), and Ochanomizu University will accelerate R&D of the LCO2 transportation technology and contribute to cost reduction of CCUS technology and LCO2 safety, long-distance and large-scale transportation. In the demonstration project, we plan to use the vessel to collect operational data under various loading conditions and in various weather and sea conditions.
ENAA takes charge of planning, evaluation, analysis and coordination of R&D and demonstration project of LCO2 ship transport technology and tank systems.
“K” LINE promotes R&D on the safety and environmental evaluation of the demonstration LCO2 carrier, backed by extensive experience in operating and managing of its ocean-going liquefied gas vessels.
NGL takes charge of operating and managing the demonstration test shipbased on 60-year experience of pressurized liquefied gas carriers.
Ochanomizu University conducts fundamental research on the control of carbon dioxide state (phase change) and provide the information necessary for safe transportation studies.
ENAA, “K” LINE, NGL, and Ochanomizu University will contribute to realizing the carbon neutral society through this demonstration project.
General Particular
Cargo tank capacity ：1,450㎥
Length overall ：72.0m
Breadth ：12.5m
Draft ：4.55m
TT Club’s analysis of 2020 claims points to an increase in impact related incidents, with corrosion of tank containers’ inner surface and contamination caused by cargoes previously carried as significant other causes of loss.
The analysis makes clear that the effects of increased volumes of tank containers used to trade chemicals and other liquids on the primary east-west trades have altered, to a degree, the risk profile of damage to such units. While in previous years there has been a consistent dominance of contamination as the major source of losses for tank container operators, the current figures show impact incidents as the foremost causation.
The primary causal types reported in the TT analysis account for over 80% of the incidents notified. They are: impact at 36%; internal pitting (from corrosion) accounting for 27% and contamination with an 18% share. The regional breakdown of total claims follows broadly the pattern of the trades on which tank containers are employed: 50% in Asia-Pacific; Europe at 36% and 13% occurring in the Americas.
International freight transport insurance specialist TT Club insures over 50% of the global tank container fleet. The data generated in its latest analysis of notified claims covers the 2020 policy year and is seen as a reliable representation of the risks faced by those businesses worldwide that operate tank containers.
TT’s Managing Director Loss Prevention, Mike Yarwood comments on the findings of the analysis, “The most significant trend we see is the relative increase in claims originating from impact incidents and from pitting of the tank’s internal steel surface. Historically we have experienced higher levels of contamination-related claims,” he says. “The increased occurrence of impacts involving tanks would seem to be a factor of higher container volumes handled at maritime and intermodal terminals. The pie chart breaking down our data below shows some 63% of impact incidents occurring at these locations. Volume increases at terminals, and associated congestion puts additional pressure on operators of handling equipment to achieve greater throughput levels. This effect, exacerbated by many tanks being ‘super-heavy’, has elevated risk.”
Road traffic accidents are the second highest cause of impact damage to tank containers with a higher proportion occurring in the Americas (almost 50%) despite this region accounting for only 21% of total impact-related damage incidents. Of those claims involving pitting damage, an overwhelming proportion occurred in Asia (87%), and the majority involved hazardous material (59%). Yarwood comments, “While there is a plethora of potential causes for this damage, there is currently no identifiable trend causing the increase in claim frequency. It would however be prudent for operators to be mindful of this exposure; ensuring where possible tanks are prioritised for cleaning once in an ‘empty dirty’ state and considering more regular inspections.”
The lower incidence of contamination evident in the current analysis compared with previous years can also be explained by the increased volumes of trade, capacity restrictions and the beginning of serious congestion experienced in recent years. Yarwood once more explains. “An assumption that one could reasonably reach, given the supply chain constraints, is that consignees are arguably more willing to accept cargoes, even where they suspect a negligible contamination issue, on the basis that replacing the product from its supplier could be complex and time consuming.”
TT Club’s Loss Prevention service is extensive and regular alerts and StopLoss documents are issued to assist operators to reduce their risk and avoid time-consuming claims. For more information, please visit TT’s Loss Prevention webpage or for specific tank container information, read TT’s Tank Container StopLoss and latest alert relating to the classification of divinylbenzene.
About TT Club
TT Club is the established market-leading independent provider of mutual insurance and related risk management services to the international transport and logistics industry. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 93% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.