Transport communications

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Archives for June 2025

“K” Line Press Statement : The article about equity financing

June 19, 2025
Kawasaki Kisen Kaisha, Ltd.

The article published on June 19, 2025 in the Nikkei newspaper (online edition) stating that media suggesting that Kawasaki Kisen Kaisha, Ltd. (“K” LINE) considers equity finance. “K” LINE would like to clarify that it is NOT considering such equity finance.

Naming Ceremony for Northern Lights Liquefied CO2 Carrier “NORTHERN PATHFINDER”

On June 17, 2025, a naming ceremony was held for the liquefied CO2 carrier “NORTHERN PATHFINDER” (the Vessel) newly built for Northern Lights JV DA (Northern Lights)*1 in Oslo, Norway. She is the second of three same designed vessels for which Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has been awarded for their ship managements. The Minister of Education of Norway, other government officials, Managing Director of Northern Lights Tim Heijn and people involved in the project were invited to attend the ceremony. Director and Chairperson of the Board Yukikazu Myochin attended as a representative of “K” LINE.

The Norwegian Ministry of Energy organized the Longship Launch Event held on the day of the ceremony and the following day to celebrate the official commencement of the Longship project.*2 On June 18, members of the Norwegian Royal Family, government officials, and people involved in the project were welcomed onboard the Vessel.

The Vessel will be deployed in the world’s first full-scale carbon capture and storage (CCS) value chain project*3, transporting liquefied CO2 from recovery facilities in Norway to a receiving station in عgarden in western Norway. The Vessel will be managed by “K” LINE ENERGY SHIPPING (UK) LIMITED, a London-based subsidiary of “K” LINE.

The Vessel was delivered at Dalian Shipbuilding Industry Co., Ltd. on December 27, 2024 and successfully moved to Norway.

In line with “K” LINE Environmental Vision 2050, its long-term environmental policy, the “K” LINE group is actively promoting various initiatives aimed at supporting our own decarbonization efforts and those of society. “K” Line will drive the CCS business and leverage the knowledge gained from the operation of liquefied CO2 carriers in future business development with the aim of achieving a sustainable society and enhancing its corporate value.

Photo by Stine سtb
From left:
“K” LINE ENERGY SHIPPING (UK) LIMITED Hroar Skofteby (Captain of Northern Pathfinder)
Kari Nessa Nordtun (the Minister of Education for Norway)

Photo by Sjur ضer峠Knudsen (Location: Grenland Havn)
From left:
“K” LINE Kei Onishi (Corporate Officer)
H.R.H. The Crown Prince Haakon of Norway

*1 Northern Lights was established in March 2021 through a trilateral joint investment by Equinor, Shell and TotalEnergies, responsible for the transportation and storage of liquefied CO2 in the project.

*2 The Longship Project is the world’s first international full-scale CCS project for capturing, transporting, and storing industry-derived carbon dioxide (CO2) under the sea bed led by the Norwegian government. As one of the components of the Longship Project, the Northern Lights Project is responsible for the transportation of captured CO2 by ship and its storage under the seabed of the North Sea.

*3 January 30, 2025: Delivery of Liquefied CO2 Carrier “NORTHERN PATHFINDER” to Northern Lights

https://www.kline.co.jp/en/news/liquefied_gas/liquefied_gas-20250130.html

*4 November 26, 2024: Ready for Delivery of Liquefied CO2 Carrier “NORTHERN PIONEER” to Northern Lights

https://www.kline.co.jp/en/news/liquefied_gas/liquefied_gas-20241126.html

“K” LINE Marks Successful Debut at Intermodal South America 2025

São Paulo, Brazil — Kawasaki Kisen Kaisha, Ltd. (“K” LINE) proudly announces the successful first-time participation in Intermodal South America 2025, held in São Paulo from April 22 to 24.

Intermodal South America 2025 is the largest logistics-related exhibition in South America and attracts more and more attention every year as a place where many companies closely related to our car carrier business, including those in the automobile and construction equipment industries, freight forwarders, and trading companies, gather to exchange information on the latest technologies and trends. This year’s event attracted 500 exhibitors and more than 44,000 visitors.

Our exhibition booth experienced a steady flow of visitors, including long-term clients, new partners, and key industry stakeholders. In addition, the event served as an opportunity to connect with freight forwarders and project cargo shippers.

Many visitors expressed admiration for “K” LINE’s innovation, leadership, and enduring commitment to providing sustainable logistics solutions in the region.

Following Intermodal, on April 25, 2025, Americas Agent Meeting was held in São Paulo, bringing together with 10 Latin American countries’ agents and about 50 global executives to exchange information on market condition and business strategies. A highlight of the session was an inspiring presentation by Mr. Lierson Gomes, General Motors South America Logistics and Purchasing Director. His presentation title was “Logistics Digital Transformation”, offered insightful perspectives on the evolving logistics landscape.

These events further make “K” LINE Car Carrier Division’s market presence stronger in Latin America, while reinforcing the company’s global presence and strategic vision for future growth.

“K” LINE and Yinson Production partner to jointly develop and market FSIU and liquefied CO2 carrier solutions

Singapore/London, 17 June 2025 – “K” LINE ENERGY SHIPPING (UK) LIMITED (“KLES”), a London-based subsidiary of Kawasaki Kisen Kaisha, Ltd. (“K” LINE), and Yinson Production have entered into an agreement to jointly develop and market solutions for the transportation and injection of liquefied CO2, leveraging each party’s respective core expertise. Under the memorandum of understanding (MoU), KLES and Yinson Production will jointly develop and market a floating storage and injection unit (FSIU) and a liquefied CO2 carrier. The collaboration will target carbon capture and storage (CCS) projects being developed mainly in Europe.

For CCS projects worldwide, offshore sequestration is a safe and efficient way of permanently storing large volumes of CO2. FSIUs are well suited to serve as a safe, reliable and cost-efficient solution for offshore CCS projects where it is difficult to secure sufficient land for an onshore CO2 receiving terminal, or where the distance between a receiving terminal and the offshore storage site would require an extended pipeline. As such, FSIUs are being considered for several projects, including the Havstjerne carbon storage project in Norway. The Havstjerne carbon storage project is 40% owned by Stella Maris CCS, a unit of Yinson Production.

Yinson Production operates a fleet of floating production, storage and offloading (FPSO) and floating storage and offloading (FSO) vessels and has extensive expertise in engineering, design, and operations in the offshore energy sector. Since 2021, Yinson Production has been steadily developing its carbon value chain, with direct investment in carbon capture technologies.

The “K” LINE Group has a long history and diverse track record in owning, operating and managing liquefied gas carriers. Since 2024, KLES has managed two liquefied CO2 carriers for the world’s first commercial CO2 transport and storage service.

The thriving partnership that “K” LINE and Yinson Production have cultivated began in 2018 in the FPSO sector. Both parties co-own FPSOs Anna Nery and John Agyekum Kufuor in Brazil and Ghana, respectively. Through this MoU, the companies further strengthen their partnership and leverage their combined expertise to develop integrated solutions for the transportation and injection of liquefied CO2 in the CCS value chain. This initiative supports the decarbonisation of industries and society.

Lars Gunnar Vogt, Chief Technical Officer of Yinson Production, said: “This collaboration with “K” LINE builds on our longstanding relationship and complements our deep knowledge of offshore marine systems. By combining our FPSO and offshore engineering expertise with “K” LINE’s proven CO2 shipping capabilities, we are well positioned to contribute to the development of innovative services that will enable large-scale carbon transport and storage. This provides a one-stop solution to help industrial emitters achieve their decarbonisation targets. We look forward to supporting the growth of the CCS sector and accelerating progress toward global decarbonisation.”

Kei Onishi, Corporate Officer of “K” LINE, said: “Our collaboration with Yinson Production builds on a strong foundation established through FPSO business and reflects our shared commitment to enabling scalable CCS solutions. By combining their offshore engineering expertise with our experience in CO2 shipping, we are developing an offshore unloading capability and bespoke transport solutions to serve a broader range of CO2 storage sites. This will complement traditional port-to-port transport models for CCS Value Chain and offer emitters greater flexibility in meeting their decarbonisation goals.”

In line with “K” LINE Environmental Vision 2050, its long-term environmental policy, the “K” LINE Group is actively promoting various initiatives aimed at supporting its own decarbonisation efforts and those of society. “K” LINE will drive its CCS business with the aim of achieving a sustainable society and enhancing its corporate value.

An illustration of a FSIU in the foreground, receiving cargo from a LCO2 carrier in the background.

About Kawasaki Kisen Kaisha, Ltd. (“K” LINE)

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) founded in 1919 is one of the largest shipping companies in the world. “K” LINE has a long history and diversified track-record in ownership and technical management of liquefied gas carriers since delivering its first LPG carrier in 1974 and first LNG carrier in 1983. Based on such extensive experience of safe navigation and cargo operation of liquefied gas carriers, “K” LINE will contribute to safety and reliable liquefied CO2 transportation in the new CCS market. “K” LINE Group, as a globally trusted logistics company rooted in the shipping industry, will continue to work toward realizing low-carbon and carbon-free business operations and supporting decarbonization of society as a whole in order to realize a sustainable society and increase its corporate value, based on its corporate philosophy of “helping make the lives of people more affluent”.

About Yinson Production

“Passionately delivering powerful solutions”

Yinson Production is a leading independent owner and operator of floating production, storage and offloading (“FPSO”) vessels worldwide. With a current fleet of 10 vessels, Yinson Production has an order book of over USD 19 billion until 2048 and global presence in 10 countries.

Yinson Production’s position as a top tier FPSO contractor is driven by its excellent track record in project execution, industry-leading safety and uptime performance, and a leadership position in sustainable FPSO designs. Yinson Production’s innovative Zero Emissions FPSO Concept is paving the way for the decarbonisation of the FPSO industry.

Yinson Production is a business of Yinson Holdings Berhad, a global energy infrastructure company active in offshore energy with Yinson Production, renewable energy with Yinson Renewables, and green technologies with Yinson GreenTech.

For more information, please visit www.yinson-production.com

Hidden dangers of fire initiating cargoes explained

The industry bodies of the Cargo Integrity Group expand on their concerns relating to cargoes that can catch fire and cause significant damage and casualties under certain conditions. Circumstances created by an alignment of mistakes, oversights, or failed controls can turn a minor incident into a major event.

Following its identification of ‘cargoes of concern’*, the Cargo Integrity Group (the Group) now focuses on the issues that may commonly compromise safety by initiating or proliferating fire under certain conditions.

It is recognized that many of the cargoes in this category, labelled ‘reactive hazards’ already fall within the scope of Dangerous Goods regulations. These regulations start from the premise that the transport of Dangerous Goods is prohibited – except in accordance with the details of the regulations.

However, incidents still occur too frequently; as the judge in one casualty litigation explained, disasters are only infrequent due to a “lack of a similar perfect storm of events, and simple good fortune”. All that is required is an alignment of mistakes, oversights, or failed controls. The Group is at pains to explain the dangers associated with these cargoes and emphasize strongly that only reliance on robust diligence or precise emergency response prevents many minor incidents becoming major casualties.

Furthermore, the Group is generating greater awareness overall and urges attention to the need for stringent compliance with mandatory regulations, such as the IMDG Code, and adoption of industry good practices, such as found in the CTU Code.

Such cargoes with reactive hazards include:

Calcium Hypochlorite, a powerful oxidiser, prone to rapid decomposition. In low concentrations, the chlorine content is used as a water cleanser and disinfectant, such as household bleach and swimming pool maintenance. Decomposition – taking place constantly at a very slow rate – is accelerated by higher temperatures and by contamination. The latter can be unpredictable since it necessitates rigorous controls over the raw materials used and the entire manufacturing process.

Charcoal concerns include among others charcoal that is intended for burning on barbecues, shisha pipes etc – sometimes having been treated with accelerants to assist ignition. There has been lengthy debate at IMO to fashion a revised safety framework for transport by sea, that will become mandatory from January 2026. This will remove an unreliable test regime and require that charcoal is always declared as DG.

Cotton and Wool, Fishmeal and Krill and Seed cake are perhaps less in the public eye, but also prone to self-heating and fire, where integrity and care are required both to ensure compliance and maintain safety during transport.

Lithium ion battery hazards are becoming known, but many are emergent, not least as science advances global energy transition. Many incidents to date have involved new batteries; the hazards will only multiply with age and deteriorating condition. While this will challenge the recycling industry, the reality is that all these products, whether new, used, in use, damaged or end of life, will impact the transport and storage industries for decades to come.

The Group calls for continued and thorough research into all the hazards presented by lithium ion batteries and dependent devices. Apart from fire, incidents have revealed risks from toxic gases and vapour cloud explosions that can be critical in transport and storage.

* Press release | Cargoes of Concern

About the Cargo Integrity Group

The Cargo Integrity Group brings together international freight transport and cargo handling organisations with different roles in the supply chain and a shared dedication to improving safety, security and environmental performance throughout the logistics supply chain. The Bureau International des Containers, the Container Owners Association, FIATA, the Global Shippers Forum, ICHCA, TT Club and the World Shipping Council are co-operating on a range of activities to further the adoption and implementation of crucial safety practices and regulations.

GEODIS publishes its 2024 activity and sustainability report

GEODIS announces the publication of its activity and sustainability report for the year 2024. The voluntary report is structured into three parts:

  • The first part presents information about the Group’s activity in 2024, including its key figures, value creation model, Ambition 2027 strategic plan, and CSR roadmap.
  • The central part focuses on GEODIS’s corporate social responsibility policy, outlining the objectives set by the Group and the key elements of 2024 regarding environmental, social, and ethical themes.
  • The last part summarizes the performance indicators as well as the concordance table with the European Sustainability Reporting Standards (ESRS) of the Corporate Sustainability Reporting Directive (CSRD).

With our Ambition 2027 plan, we place innovation, performance, and responsibility at the heart of our strategy. In 2024, the validation of our decarbonization goals by the Science Based Targets initiative marked a major milestone: we aim for a 42% reduction in emissions from our direct activities by 2030, in line with the Paris Agreement. It is by combining operational excellence and environmental commitments that we build sustainable logistics, serving our clients and the planet,” said Marie-Christine Lombard, Chief Executive Officer of GEODIS.

The Group engaged the independent firm EY for the verification of data published under the CSRD framework.

To discover the full report, click here.

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.

GEODIS in Mexico Inaugurates New Office in Guadalajara

GEODIS, a leading global logistics provider, celebrated the grand opening of a brand-new office in Guadalajara, Jalisco to support its growing Mexico operations. This expansion responds to the growth of GEODIS’ freight forwarding line of business in Mexico, with the new office in Guadalajara now integrating the company’s Americas Center of Excellence (CoE), a strategic hub that includes key logistics operations for the entire Americas region, into the country’s product portfolio.

Left to right: Eric St Amand (GEODIS Vice President of Supply Chain, Americas), Sergio Nunez (GEODIS Managing Director of Americas Center of Excellence), Eric Gerbi (GEODIS Chief Financial Officer of Freight Forwarding), Olivier Cuntz (GEODIS Senior Vice President of Supply Chain Optimization), Henri Le Gouis (GEODIS Executive Vice President of Freight Forwarding, Global), Josh Jungwirth (GEODIS Executive Vice President of Freight Forwarding, Americas), Miguel Munoz (GEODIS Managing Director, Mexico), Carmen Pomar (GEODIS Senior Director of Freight Forwarding, Mexico)

Among the main functions of the CoE is the largest Shared Services Center for GEODIS in the region, responsible for supporting all of its lines of business in areas such as accounting processes, supply chain engineering, operational logistics and control tower. With operations already consolidated in Mexico City, Querétaro, State of Mexico and El Salto, Jalisco, GEODIS in Mexico will now centralize its freight forwarding services (including maritime, air and inland) as well as customs and foreign trade, project logistics and supply chain management in this new location.

“The unveiling of our new office in Guadalajara marks a significant milestone for our operations in the country, where we have had a presence for nearly 20 years,” said Miguel Muñoz, Managing Director at GEODIS in Mexico. “Not only are we able to expand our growing freight forwarding line of business in the region with this new location, but we are adding new logistics solutions to our product porfolio to best support our customers. This new facility is a direct reflection of our ongoing commitment to growth in the region.”

Guadalajara: Logistics Epicenter of the Continent

The choice of Guadalajara as the second largest GEODIS operations center in Mexico responds to its growing importance as a logistics hub. GEODIS operates a direct route with twice-weekly flights from China and Hong Kong to Guadalajara, in addition to strategic connections from the port of Manzanillo and corridors to the United States and Canada, which reinforces the opportunities derived from nearshoring. These advantages, coupled with an advanced infrastructure of warehouses, consolidation centers, and state-of-the-art control and security systems, solidify Guadalajara as a true logistics hub for the company.

Commitment to Sustainability and Well-Being

The 2,789-square-meter office was designed under strict ergonomic and sustainability standards, with spaces that prioritize natural lighting and employee comfort. The building is also equipped with efficient cooling systems and uses treated water in toilets, minimizing its ecological footprint. With this opening, GEODIS in Mexico reinforces its vision of offering innovative, efficient and sustainable logistics solutions, strengthening its leadership in the industry and commitment to the development of Mexico as a key logistics hub for the American continent.

The new office brings GEODIS’ total footprint in Mexico to 14 buildings and more than 148,000 square meters as it continues to strengthen its presence in the region. GEODIS in Mexico currently employs 2,717 employees, with 442 operating out of the new office in Guadalajara.

To learn more, visit www.geodis.com.

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. 

Photograph

Left to right: Eric St Amand (GEODIS Vice President of Supply Chain, Americas), Sergio Nunez (GEODIS Managing Director of Americas Center of Excellence), Eric Gerbi (GEODIS Chief Financial Officer of Freight Forwarding), Olivier Cuntz (GEODIS Senior Vice President of Supply Chain Optimization), Henri Le Gouis (GEODIS Executive Vice President of Freight Forwarding, Global), Josh Jungwirth (GEODIS Executive Vice President of Freight Forwarding, Americas), Miguel Munoz (GEODIS Managing Director, Mexico), Carmen Pomar (GEODIS Senior Director of Freight Forwarding, Mexico)

“K” LINE Holds Environmental Awards 2025 Ceremony   

“K” LINE Group Environmental Awards 2025 Ceremony held on June 4, 2025.

The awards were established to honor and give recognition to outstanding environmental-preservation activities undertaken by both executives and employees working throughout the “K” LINE Group. This year marks the 11th awards ceremony since the establishment of the awards in 2015. We accepted many entries from our group companies both in Japan and overseas. The activities of eight companies — one “Grand Award” , four “Excellence Awards” and five “Special Award” were selected from such standpoints as “Creativeness,” “Challengingness,” “Contribution to the environment,” “Consistency” and “Spillover Effect” and they received the awards from our President.

Awardees of the “K” LINE Group Environmental Awards are as follows:

GRAND AWARD

  • Initiatives to Reduce Environmental Impact and Costs through the Implementation of Solar Panels and Energy-Saving Devices

 CLK Cold Storage Company Limited*1

CLK operates refrigerator/freezer warehouse in Vietnam. In 2021, the company installed its first set of solar panels, and in 2022, additional panels were added. In its ongoing efforts to explore new environmental conservation and cost-saving measures, the company achieved further reductions in CO2 emissions and costs by introducing energy-saving equipment in September 2024.

<CO2 Reduction Achievements>

Solar panels

CO2 Emissions Reduced: Equivalent to 589 tons (November 2021 – December 2024)

Energy-saving devices

CO2 Emissions Reduced: Equivalent to 12 tons (October 2024 – December 2024)

EXCELLENCE AWARDS

  • Advanced Digitization of Marine Trailer Management on the Shimizu/ Oita Route

Kawasaki Kinkai Kisen Kaisha, Ltd.

By utilizing GPS technology, Kawasaki Kinkai Kisen has enabled real-time management of vehicle location, cargo status, and trailer availability, leading to improved dispatch efficiency.

This initiative is also expected to help accommodate increasing demand for Ro-Ro vessel transport amid a shortage of truck drivers.

  • Implementation of Reuse and Recycling through Changes in Disaster Preparedness Stockpile Management Scheme

Kawasaki Kisen Kaisha, Ltd., General Affairs Group,

During the replacement of emergency stockpiles, “K” LINE General Affairs Group implemented reuse, donation, and recycling of supplies. In addition, the management method was revised to a centralized company-wide system, contributing to reduced ordering workload and more efficient use of storage space.

  • Contracts to Promote the Use of SAF in Air Cargo Transport

“K”Line Logistics, Ltd.

As a freight forwarder, “K”Line Logistics encourages shippers to participate in SAF programs, thereby contributing to the reduction of their Scope 3 emissions and supports CO2 reduction across the entire supply chain.

  • Tree planting with local Community and Cost Savings through Waste Reduction, etc.

K Line Container Service (Thailand) Ltd. (KCST)*2

Carried out a variety of environmental initiatives, including tree-planting with students,

promoting reusable materials in warehouse operations, reducing waste, and conducting regular clean-up activities around its facilities.

SPECIAL AWARD  *Accumulation 10 entries

  • “K” Line America, Inc.
  • “K” Line (Korea) Ltd.
  • K Line (China) Ltd.
  • K Line Container Service (Thailand) Ltd.
  • “K” Line Logistics, Ltd.

The “K” LINE Group will continue to broadly share environmental preservation activities being addressed within our Group companies via the presentation of these annual “K” LINE Group Environmental Awards in order to demonstrate the environmental preservation activities by the entire Group. Through this emphasis on continuing to aggressively contribute to environmental preservation and biodiversity protection, we will successfully accomplish our mission, i.e., “Passing on a sustainable society and this blue and beautiful ocean to the next generation” as expressed in “K” LINE Environmental Vision 2050.

*1 CLK Cold Storage Company Limited

Joint-venture established in 2015 by Kawasaki Kisen Kaisha, Ltd. , Cool Japan Fund Inc. and Japan Logistic Systems Corp.

With state-of-the-art, energy-saving Cold Storage facilities in the suburbs of

Ho Chi Minh City, it provides high-quality, high-value-added, Japanese-style services.

*2 K Line Container Service (Thailand) Ltd. (KCST)

KCST own three warehouses and an inland container depot in Thailand.

KCST provide Import/Export Customs Clearance, Land Transportation, Warehousing,

Machinery Installation, Container Depot Operation.

“K” Line : Notice of Occurrence of Non-Operating Income by Dividends Income

Please be advised that “K” LINE Tokyo Head Office published the following press release today. 

Please refer to the attached PDF document for details.

  Notice of Occurrence of Non-Operating Income by Dividends Income

This document is also available on their website both in English and Japanese.

https://www.kline.co.jp/en/

New “K” LINE Commercial Released – “Connecting the seas. Connected by trust – your lifeline.”

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has released a new commercial titled “Connecting the seas. Connected by trust – your lifeline.” now available on the official “K” LINE website. This commercial presents a story that expresses “K” LINE’s core value of trust, the foundation of its corporate principle, “Trust from all over the world,” and brings to life the message behind the main catchphrase, “Connecting the seas. Connected by trust – your lifeline.”

Though invisible, the line of trust is real, and through this, “K” LINE will continue to connect the world and people’s lives. This vision for the future is woven into the video.

The video features a contemporary arrangement of the “K” LINE Song, composed in 1964, arranged to evoke the grandeur of the sea, the crisp air of a sunrise seen from a ship, the sound of waves, and the strength to continue forward.

The “K” LINE Group will continue to pursue environmentally friendly, sustainable maritime shipping as it aims for sustainable growth and greater corporate value by supporting the infrastructure of the global community as a partner trusted by all its stakeholders guided by its corporate principle of “Trust from all over the world.”

Video Links

30 second version:

15 second version:

Link to the dedicated webpage for the commercial: https://www.kline.co.jp/en/corporate/kline_CM.html