Archives for April 2025

Cargo theft report reveals rapidly shifting criminal tactics and emerging targets

April 24, 2025 by Julia Hiles

The BSI Consulting and TT Club 2024 Cargo Theft Report gives a detailed analysis of targeted commodities, prime locations for theft, regional hotspots and evolving strategies employed across the world. Detailed case studies are outlined and risk mitigation advice proffered.

London, 23April, 2025

Of incidents analysed:

Food and beverages were most frequently stolen — 22%
76% involved trucks, including 21% hijackings and 20% theft of vehicles
Nearly half occurred when cargo was in transit
Theft from facilities was down from a quarter in 2023 to 18%
Hotspots included Brazil, Mexico, India, USA, Germany, Chile and South Africa
‘Strategic’ theft was the standout growth trend
Internet-enabled crime also continues as a significant facilitator

While the Report’s statistical analysis of cargo theft types and top commodities stolen year on year (see graphic below) is revealing, it is the qualitative information and insight into the methods used by criminal that is most useful in combatting theft.

As Tony Pelli, Global Practice Director for Security & Resilience at BSI Consulting, “The growth in strategic crime, defined as that utilizing deception, fraud, and advanced planning is the most remarkable finding in our Report. This weapon in the criminals’ ever-evolving armament now involves impersonation and document forgery as well as leveraging AI technologies to manipulate bills of lading and orchestrate remote operations. The degree of sophistication employed shows that organised crime’s knowledge of supply chain vulnerabilities is deepening.”

This strategic methodology was particularly noted in the US where 18% of all incidents were identified as a strategically planned thefts. Indeed, one of the Report’s detailed case studies itemises an organised crime’s campaign of theft from railcars in California and Arizona using such tactics. Elsewhere case studies help cargo owners and transport operators put real-life flesh on the statistical bones; including metal theft in South Africa, pharmaceuticals targeted in India, violent hijackings in South America and theft from trucks on the move (so-called ‘rollover’ theft’) prevalent in Europe.

On behalf of TT, Mike Yarwood, Managing Director, Loss Prevention comments, “Our prime focus is to inform providing actionable insight to assist with risk mitigation. In this regard, it is vital to track current trends in criminal activity. The burgeoning use of the internet, though available for nefarious action for some years, is constantly spawning new technologies and should not be overlooked. Techniques such as harnessing AI to create phishing emails, deep fakes, and malware aimed at accessing sensitive freight information and reports of attacks targeting cloud-based storage services are becoming more common.”

“If it is too good to be true, then it probably is” – is the essence of the sound advice offered by BSI Consulting and TT to those in the supply chain open to the risk of theft. In a concluding section of the Report there is a comprehensive list of strategies to employ in risk mitigation, in particular to protect assets from theft. These range from care over the security of email and other electronic communication to screening and vetting of third-party contractors; also from monitoring and response through reliable tracking services to keen awareness of alterations to regular delivery and pick-up locations.

“Above all,” emphasises Yarwood, “An overarching strategy to protect against cargo loss must be based on robust due diligence. To know and trust as much as possible customers, carriers and contractors alike and to be cognisant of the criminals’ intent and level of cunning.”

SI Consulting and TT Club 2024 Cargo Theft Report is available for download free of charge BSI Consulting and TT Club 2024 Cargo Theft Report – TT Club

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. The Club’s services include specialist underwriting, claims management and risk and loss management advice, supported by a global office network. TT Club’s mission is to make the industry safer, more secure and more sustainable.

Established in 1968, TT Club currently services more than 1400 Members – container owners, operators, ports, terminals and logistics companies. Its membership covers the entire logistics journey, working across maritime, road, rail, and air ranging from some of the world’s largest logistics operators to smaller, bespoke companies managing similar risks. The Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. Its average annual customer retention rate is consistently over 95%, with some Members having chosen to insure with the Club for over 50 years.

TT Club is managed by Thomas Miller – an independent and international provider of insurance, professional and investment services. www.ttclub.com

About BSI Consulting

BSI Consulting enables clients’ sustainable growth by empowering their people and strengthening their physical and digital assets, upstream and downstream within the supply chain. Our diverse client base is wide-reaching, spanning across healthcare, pharma, manufacturing, government/public agencies, ICT, and more. A large percentage of our clients are Fortune 50 and Fortune 500 companies, showcasing our expertise in serving some of the world’s most influential organizations.

To learn more, please visit: www.bsigroup.com/consulting-us

About BSI Consulting Supply Chain Security Solutions

Our comprehensive supply chain resilience program integrates sustainability at every level, focusing on four key areas: strategy, assessment, monitoring, and response. By aligning strategic goals, addressing vulnerabilities, continuously monitoring risks, and enabling rapid, sustainable responses, consulting ensures a secure, resilient, and environmentally responsible supply chain that extends across all suppliers and operations.

To learn more, please visit www.bsigroup.com/en-US/products-and-services/consulting/supply-chain-security-risk/

Filed Under: TT Club

“K” Line : Newbuilding LNG vessel for QatarEnergy Named “AL TUWAR”

April 22, 2025 by Julia Hiles

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that a joint venture company *¹ held naming ceremony for 174,000m3 LNG vessel for QatarEnergy *² at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd on 17 April. The vessel was named “AL TUWAR” by Ms. Shi Dai, Director and President of China Merchants Group Limited. is derived from the name of a hill in Al Wakrah, a major city in Qatar.

The vessel is the first of a series of 12 LNG vessels that the joint venture companies will build for QatarEnergy.

QatarEnergy is the world’s largest LNG producer and will allocate the newbuilding vessels to transport LNG around the world.

The newbuilding vessel is equipped with X-DF 2.1 iCER *³ which will contribute to reduction of GHG emissions and realize the ease of environmental impact by lower fuel consumption in operation.

In its Medium-Term Management Plan published in May 2022*⁴, “K” LINE has placed LNG business as one of the top priority areas in the future investment. “K” LINE will further expand long-term contracts and accommodate growing energy demands by responding to various customers’ needs.

Filed Under: "K" Line

A new appointment to the GEODIS Management Board

April 16, 2025 by Julia Hiles

GEODIS, world leader in transport and logistics, announces the appointment of Hervé Cornède as Executive Vice-President, Public Affairs at GEODIS. He will be a member of the Group’s Management Board, which is chaired by Marie-Christine Lombard, Chief Executive Officer of GEODIS.

**Hervé Cornède, Executive Vice-President, Public Affairs at GEODIS**
Photo credit : GEODIS

Hervé Cornède has 30 years’ experience in transport and logistics sector. Between 2009 and 2018, he was a member of the Executive Board of the Port of Le Havre. In 2012, he helped set up the Haropa Port EIG (economic interest group), and served as Marketing and Sales Director until 2018, when he became Chairman of the Executive Board of the SOGET Group. He is also a French Foreign Trade Advisor (CCEF), a role that involves promoting and supporting the international development of French companies.

He holds a master’s in international transport and logistics from the University of Paris 1 Sorbonne.

GEODIS – www.geodis.com

GEODIS is a leading global logistics provider acknowledged for its expertise across all aspects of the supply chain. As a growth partner to its clients, GEODIS specializes in four lines of business: Global Freight Forwarding, Global Contract Logistics, Distribution & Express Transport, and European Road Network. The Group operates a global network spanning nearly 170 countries and 50,000 employees. In 2024, GEODIS generated €11.3 billion in revenue. GEODIS is a company owned by SNCF group.

Filed Under: GEODIS

“K” LINE to Support Victims of Earthquake in Myanmar

April 16, 2025 by Julia Hiles

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has decided to provide a monetary donation of 2 million yen through the Japanese Red Cross Society toward relief efforts in the areas damaged by the earthquake that hit the central Myanmar on March 28, 2025.

“K” LINE would express its most sincere sympathy to all those affected by the earthquake and pray for the soonest recovery of the damaged area.

Filed Under: "K" Line

TT Club : Supply chain fraud – the dangers of granting extended credit

April 14, 2025 by Julia Hiles

In a competitive market where the promise of profitable new business is alluring international freight transport insurer TT Club is issuing a warning to freight forwarders and logistics operators to beware of fraudulent customers offering lucrative loads.

London, 14^th April 2025

Fraudulent strategies can prove extremely profitable to the international criminal fraternity and the global supply chain is typically low risk due to the remote nature of the actual physical theft of goods.   TT Club has regularly highlighted the risks of theft through fraudulent documents, mandate fraud, fraudulent truckers, and trucking companies presenting themselves to collect cargo and more recently fraudulent freight forwarders or brokers.

Now the insurer is drawing attention to another type of fraud prevalent over the last twelve months; that of credit fraud. TT’s Logistics Risk Manager Josh Finch comments, “Credit fraud is an exposure to all in the global supply chain and a danger that ought to be considered through the risk management structure of every business. This is primarily a financial risk as operators are left with freight costs that can’t be collected. The losses as a result of such fraud can escalate quickly.”

The methodologies of criminals may vary but they all prey on the priority of all operators to maximise revenue in a highly competitive commercial environment. A brief example can help illustrate the dangers. Finch explains, “A new customer approaches with a single shipment, typically to transport internationally, for instance from Bangladesh to Spain. The ocean shipment will be completed by road at source and destination. There is a suggestion this could be the start of a potentially large and lucrative contract.   A rate is agreed and a 60-day credit facility arranged. On completion of the shipment the freight account is settled within the agreed 60 days.”  

What follows, from the operator’s point of view seems favourable, as four more consignments of clothing are booked on similar terms to the first. Then the ‘sting’ is put in place as these consignments become urgent and must be sent by air. Several more air freight shipments occur regularly over a three-week period. All successfully delivered.

However after that, communications to the customer go unanswered; the 60-day credit period expires, and the freight account goes unsettled. The operator is left with significant carrier costs and no revenue.

TT urges operators to engage in extensive due diligence when advancing credit to new customers and points to advice from the British International Freight Association (BIFA). Based on the unfortunate experiences of a number of its members, BIFA highlights some similar characteristics shared by this type of fraudulent ‘customers’ :

Customer wants only airfreight handled
No customs clearance or delivery at destination required
Completely new contacts, never previously engaged with operator
Large volumes of cargo involved
Customer accepts the quote without negotiation
No record of customer ever importing or exporting previously on the UK’s HMRC Traders website

Concluding Finch emphasises, “Undoubtedly the best course is to withhold extended credit such as 60 days until a trusting relationship has been established with a customer. If commercial necessities dictate offering a more immediate credit facility then careful due diligence is vital. It is wise to maintain that primary risk management revolves around knowledge of your customer at all levels including regulatory compliance, safety, and security.”

Full details of TT’s due diligence checklist is available on page 10 of the ‘Supply chain security bulletin’ HERE

About TT Club

TT Club is managed by Thomas Miller – an independent and international provider of insurance, professional and investment services.

www.ttclub.com

Filed Under: TT Club

“K” Line : LNG-fueled Car Carrier “TRITON HIGHWAY” with a 7,000-vehicle Capacity Delivered

April 10, 2025 by Julia Hiles

A car carrier with a capacity of 7,000 vehicles has been delivered to Kawasaki Kisen Kaisha, Ltd. (“K” LINE) on April 10. The vessel is mainly fueled by liquefied natural gas (LNG) and has been constructed at the Marugame Headquarters of Imabari Shipbuilding Co., Ltd. (Imabari Shipbuilding).

A naming ceremony was held, and the vessel was named TRITON HIGHWAY (the “Vessel”) by Mr. Kazunari Kumakura, Chief Officer of the Purchasing Group, Toyota Motor Corporation (Toyota).

LNG fuel is expected to reduce emissions of carbon dioxide (CO2), a greenhouse gas (GHG), by 25% to 30% and emissions of sulfur oxides (SOx), which cause air pollution, by almost 100%. This is also a next-generation environment-friendly vessel that is expected to cut emissions of nitrogen oxides (NOx) by 80% to 90% by using EGR (exhaust gas recirculation) in addition to LNG fuel. It is equipped with the dual-fuel electronic control engine “6S60ME-C10.5-GI-EGRBP” by MAN Energy Solutions.

Also, with regard to fire safety measures that “K” LINE has been working on for some time, this is the first of its new car carriers to acquire the ClassNK notations (Fire Fighting) (Electric Vehicle). Including this Vessel, five car carriers operated by “K” LINE have acquired notations.

In “K” LINE Environmental Vision 2050 -Blue Seas for the Future-*¹, it has set the 2030 interim target of improving CO2 emissions efficiency by 50% compared with 2008, surpassing the IMO target of a 40% improvement. Furthermore, it sets its new target for 2050 as “The Challenge of Achieving Net-Zero GHG Emissions.” As an action plan, it will continue to work on the introduction of new fuels which have a low environmental impact and take on the challenge of achieving the targets it has established.

Vessel Particulars

Main Measure: LOA 199.90 meters x Beam 38.00 meters x Depth 38.76 meters x Draft 9.30 meters

Gross Ton: 77,509

Main Engine: 6S60ME-C10.5-GI-EGRBP

Speed: 18.25 KTS

Class: ClassNK

Flag: Japan

Builder: Marugame Headquarters, Imabari Shipbuilding

*1. “K” LINE Environmental Vision 2050: Blue Seas for the Future

As part of our action plan to reduce GHG, it is engaged in a number of initiatives, for instance introducing zero-emission fuels such as ammonia and hydrogen fuels, and carbon-neutral fuels such as bio-LNG and synthetic fuels.

https://www.kline.co.jp/en/sustainability/environment/management.html

Filed Under: Uncategorized

GEODIS launches a reverse logistics service at the Torija site in Spain

April 8, 2025 by Julia Hiles

GEODIS, a world leader in the transport and logistics sector, offers a new reverse logistics service at its site in Torija, Spain. This new service demonstrates GEODIS’ commitment to supporting its customers in reducing their environmental impact.

The GEODIS logistics site in Torija, Spain, serving a leading e-commerce client, is launching a new reverse logistics service. The 55,000 square meter warehouse includes 3,000 square meters dedicated to reverse logistics. The site is designed to handle large volumes of XL product returns such as household appliances.

With the rise of e-commerce, the increase in product returns has significantly grown, highlighting the growing importance of environmental awareness. Thanks to the workforce on ground and optimized processes, GEODIS handles the management of product unloading, classification, outbound flows to external repair, and removal or liquidation of outbound flows to fulfillment activities in case of sellable or unsellable products. When necessary, GEODIS engages accredited service providers who use sustainable methods for product destruction.

“Reverse logistics is essential for our clients as it allows them to improve customer satisfaction, reduce operational costs, and minimize environmental impact by optimizing the management of product returns, repairs, and recycling,” said Ivan Sanchez, Managing Director of GEODIS in Spain. “Whenever possible, we systematically offer this support to our clients,” he added.

This new service demonstrates GEODIS’ ability to adapt to the changing needs of the online commerce market, continuing its commitment to reducing the environmental impact of logistics and promoting the circular economy.

GEODIS – www.geodis.com   

Filed Under: GEODIS

Dachser grows through acquisitions

April 3, 2025 by Julia Hiles

Group revenue increased by 13 percent in 2024.
Record investments totaling around EUR 490 million. Almost EUR 400 million in additional investments planned for 2025.
Contract logistics grew by almost 720,000 additional pallet spaces.

Kempten/Munich, April 3, 2025 – Global logistics provider Dachser grew significantly in 2024, with sales growth of 13 percent lifting revenue above the 8 billion mark to EUR 8.027 billion. The family-owned company also recorded significant year-over-year increases in other key figures such as headcount (+3,300), locations (+56), and pallet spaces in its warehouses (+720,000).

This growth is largely due to the acquisitions of DACHSER & FERCAM Italia, Frigoscandia, and Brummer, which will appear on the balance sheet for the first time in 2024. In purely organic terms, i.e., excluding acquisitions, Dachser grew by 4.7 percent compared to the previous year. This was driven by resilience in its European groupage network and rate increases in air and sea freight. Transported volumes rose by 7.6 percent to approximately 83.2 million shipments, while tonnage increased by 10.2 percent to some 44.1 million.

Business development would have been more dynamic, but there was a lack of growth impetus from Germany and Europe: “High costs, weak industrial production, and a decline in personal consumption have also had an impact on our business. Moreover, the many crises we face around the world today have been a constant stress test for our customers, and hence also for us,” says Burkhard Eling, Dachser CEO.

Investing during the crisis strengthens competitiveness

Dachser used its financial stability and strength to make significant investments. In 2024, the logistics provider doubled its year-over-year expenditure on company acquisitions, network locations, its workforce, digital innovation, and climate action, such as the expansion of e-mobility, to some EUR 490 million. Additional investments of almost EUR 400 million in Dachser’s network are planned for 2025. “Those who act during a downturn to invest wisely and consistently will enter the next upturn with the wind in their sails,” Eling says. “In the past, we’ve emerged stronger and more competitive from crises by following this countercyclical business policy. That will happen again this time around.”

Dachser’s workforce grew in 2024 by more than 3,300 people to a total of approximately 37,300. The number of locations increased by 56 to 433 worldwide. This also reflects the previous year’s acquisitions in Italy, Northern Europe, Germany, and Austria. The joint venture in Japan, which was launched in 2024, has also been included for the first time.

Business development in detail

Dachser’s Road Logistics business field—which comprises the transport and warehousing of industrial and consumer goods (European Logistics) and food (Food Logistics)—increased its revenue by 10.9 percent to EUR 6.4 billion in 2024.

The European Logistics business line increased its revenue by 8.1 percent to around EUR 4.8 billion. The number of shipments handled rose by 6.5 percent and tonnage by 2.8 percent. Developments at Dachser’s European business units were driven by high cost pressure in key industries, growing price sensitivity among customers, and intensified competition due to weak demand for transport and warehousing. “The fact that we were able to grow not only through acquisitions, but also organically in a shrinkingstagnating market, illustrates the trust our customers place in the high reliability and quality of our network,” Eling says.

The Food Logistics business line has taken on a new European dimension thanks to the integration of Müller in 2023 and of Frigoscandia and Brummer in 2024. Revenue increased by exactly 20 percent to some EUR 1.7 billion, shipments grew by 14.3 percent to approximately 12.4 million, and tonnage rose by 31.5 percent to some 13.9 million metric tons. Eling says: “We’ve acquired companies that have successfully opened up business areas beyond fresh food logistics, that address additional customer segments and markets in Europe, and not least that have significant truck fleets of their own. All of this is part of our new strategic market positioning for Dachser Food Logistics.”

Revenue in the Air & Sea Logistics business field rose by exactly 22 percent to around EUR 1.6 billion in 2024. Here, Dachser benefited mainly from short-term special developments that caused freight rates in air and sea freight to rise. These include the crisis with capacity bottlenecks on the Red Sea and the e-commerce business between China and Europe.

Contract logistics, or the combination of transport, warehousing, and customer-specific value-added services, also played an important role in Dachser’s growth strategy in 2024. Expansion investments together with the capacity of the acquired companies increased the number of pallet spaces by around 720,000 to a total of 3.8 million. Dachser customers can now take advantage of warehouse services at 190 locations worldwide.

Eling expects 2025 to be another highly challenging year for logistics, with only limited growth stimulus from Europe. “We can see that economic performance in Europe is largely stagnating and is accompanied by capacity adjustments, some of them painful. This also means that we have to deal with transformation processes in key industries such as the automotive industry and energy-intensive sectors such as the chemical industry.” Moreover, there are increases in global uncertainties and the danger of economic slumps due to protectionism, the threat of tariffs and counter-tariffs, as well as geopolitical conflicts.

Against this backdrop, it’s important for Dachser to achieve growth outside Europe. “We will increasingly focus our attention on strengthening our presence in the Americas and Asia and connecting these markets with our unique competitive advantage: our European groupage network. Because the broader our global footprint, the greater our resilience,” Eling says.

Overview of revenue:

Net revenue in EUR million	2024 (provisional)	2023	Change in 2024 vs. 2023
Road Logistics	6,440	5,806	+10.9%
European Logistics	4,785	4,426	+8.1%
Food Logistics	1,655	1,380	+20.0%
Air & Sea Logistics	1,587	1,300	+22.0%
Group	8,027	7,106	+13.0%

Further press releases from Dachser can be found here: https://www.dachser.com/en/mediaroom/index

In the DACHSER magazine, you will regularly find up-to-date reports, articles, and interviews on topics that concern us today and tomorrow: magazine.dachser.com

Filed Under: Dachser UK

Notice of the Establishment of a Holding Company of Consolidated Subsidiary of Kawasaki Kisen Kaisha, Ltd. (“K” LINE LOGISTICS, LTD.) and the Partial Transfer of the Company’s Shares to Kamigumi Co., Ltd. (3)

April 3, 2025 by Julia Hiles

Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo, Representative Executive Officer, President & CEO: Takenori Igarashi, hereinafter ““K” LINE”) and Kamigumi Co., Ltd. (Head office: Kobe City, Hyogo, President & CEO: Yoshihiro Fukai, hereinafter “Kamigumi”) concluded a share transfer agreement on September 27, 2024, under which “K” LINE would establish a holding company that would become the parent company of “K” LINE LOGISTICS, LTD. (hereinafter “K” LINE LOGISTICS) to which “K” LINE would transfer all of the shares of “K” LINE LOGISTICS held by “K” LINE, and “K” LINE would transfer 47% of the total shares of the holding company to Kamigumi.

“K” LINE today announces that it has transferred 47% of the total shares of the holding company, established on February 14, 2025, in accordance with the details of the agreement, to Kamigumi.

Outline of the Joint Holding Company

Company Name	KLKG Logistics Holdings, Co., Ltd.
Description of Business	Holding Company of “K” LINE LOGISTICS, LTD.
Location of Head Office	1-1 Uchisaiwaicho 2-chome, Chiyoda-ku, Tokyo, Japan
Shareholder and Share Ownership Ratio	Kawasaki Kisen Kaisha, Ltd. 53%, Kamigumi Co., Ltd. 47%
Representative	Representative Director: Keiji Kubo

Reference

News Release on September 27, 2024:

Notice of the Establishment of a Holding Company of Consolidated Subsidiary of Kawasaki Kisen Kaisha, Ltd. (“K” LINE LOGISTICS, LTD.) and the Partial Transfer of the Company’s Shares to Kamigumi Co., Ltd.

https://www.kline.co.jp/en/news/logistics/logistics-20240927.html

News Release on February 14, 2025:

https://www.kline.co.jp/en/news/logistics/logistics-20250214.html

Filed Under: "K" Line

“K” Line : Message from the Newly Appointed Representative Executive Officer, President & CEO

April 3, 2025 by Julia Hiles

On April 1, Takenori Igarashi, Representative Executive Officer, President & CEO Kawasaki Kisen Kaisha, Ltd. (“K” LINE) made his inaugural speech at its head office.

The environment surrounding us is changing at an unprecedented speed. There is the spread of technologies to reduce our environmental impact and the construction of supply chains for the use of new energy as part of decarbonization; the rapid and widespread advance of digital transformation, which includes the use of generative AI; and efforts not only to address the shortage of human resources in various parts of the world, but also to secure diverse human resources and collaborate across industries.

Recently, in addition to the uncertain outlook for geopolitical risks in places such as the Middle East and Ukraine, since the inauguration of the new presidency in the United States this January, uncertainty over global energy and trade policies has also increased. There are moves to introduce policies that could have a major impact on the speed of the shift toward low-carbon and decarbonization, as well as on the supply chain and transportation demand itself, with the raising of customs tariffs on specific countries and products, and the introduction of port entry fees at US ports for ships operated by Chinese shipping companies and ships built in China. The uncertainty of the current business environment outlook is increasing.

Despite these conditions, the “K” LINE Group, under the leadership of former President Yukikazu Myochin, has been steadily advancing a five-year medium-term management plan announced in May 2022, and is bolstering the earnings base of its own businesses, centered on three businesses that will drive growth, by viewing changes such as decarbonization as business opportunities.

In the Coal & Iron Ore Carrier Business, we are working to further strengthen the relationships we have cultivated with customers in Japan, South Korea and China by leveraging customer-oriented and environmental sales. At the same time, we are also working to strengthen relationships with customers in the Indian and Middle Eastern markets, and with major resources companies.

In the Car Carrier Business, we are strengthening our earnings base in a way that meets the needs of our customers by reorganizing our route network, introducing environmentally friendly vessels that achieve low carbon emissions, and increasing the volume of High & Heavy cargo.

In the LNG Carrier Business, in addition to the existing markets of Japan, South Korea, China, and Europe, we are stepping up our efforts in new markets such as Southeast Asia and India, and are on track to expand from our current fleet size of 46 vessels to 65 vessels by fiscal 2026.

Our new business initiatives are also progressing smoothly. The Northern Lights Project in Norway for liquefied CO2 transportation will enter full-scale operation this year, with ship management due to begin for three vessels. In offshore wind power generation support, a Japanese geological survey ship was launched in September of last year, and business development has begun.

We are also working to further strengthen the three functions that form the basis of our strengths (Safety and Ship Quality Management, Advancement of Environmental Technologies, and Digital Transformation), and the human resources and organization that support them. In Safety and Ship Quality Management, we will continue to enhance our safe operation and management system, strengthen our ship management system, and secure and train excellent seafarers to further promote “K” LINE’s top priority of safety in navigation and cargo operations.

In Advancement of Environmental Technologies, we will further integrate our environmental response and technology evolution efforts into a unified strategy, and seek to expand growth opportunities for “K” LINE and society as a whole through low carbon and decarbonization.

In Digital Transformation (DX), we plan to expand and enhance our digital infrastructure by driving DX of data and DX of human resources as defined in our DX Strategy, and to create added value for customers by strengthening our own competitiveness through furthering the digitalization of our own operations and vessels.

I believe that further refining these strengths will support our business in this rapidly changing business environment.

As a logistics company rooted in the shipping industry, “K” LINE’s corporate philosophy is to help make the lives of people more affluent. Working under this philosophy, we operate as a partner that is trusted by all stakeholders, supporting the infrastructure of global society by providing safe, high-quality, optimal services that meet the needs of customers by making thoroughly considered proposals.

For our group to continue achieving sustainable growth in a business environment that is changing at such a dizzying pace, in addition to responding with agility to these changes, we must have the courage and passion to act without fear of change, together with the “animal spirit” needed to boldly take on challenges while calmly assessing risks and opportunities in our corporate activities. Personally, I hope to continue to maintain this attitude, and that everyone in the group will be able to work mindfully toward this. In addition, let’s work to improve the value we provide to all stakeholders and aim to become an even more attractive company.

Finally, I would like to end this message by wishing good health to all of you working within the “K” LINE Group, and to your families.

Filed Under: "K" Line

Transport communications

Archives for April 2025

Cargo theft report reveals rapidly shifting criminal tactics and emerging targets

“K” Line : Newbuilding LNG vessel for QatarEnergy Named “AL TUWAR”

A new appointment to the GEODIS Management Board

“K” LINE to Support Victims of Earthquake in Myanmar

TT Club : Supply chain fraud – the dangers of granting extended credit

“K” Line : LNG-fueled Car Carrier “TRITON HIGHWAY” with a 7,000-vehicle Capacity Delivered

GEODIS launches a reverse logistics service at the Torija site in Spain

Dachser grows through acquisitions

Notice of the Establishment of a Holding Company of Consolidated Subsidiary of Kawasaki Kisen Kaisha, Ltd. (“K” LINE LOGISTICS, LTD.) and the Partial Transfer of the Company’s Shares to Kamigumi Co., Ltd. (3)

“K” Line : Message from the Newly Appointed Representative Executive Officer, President & CEO

Recent Press Releases

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