Transport communications

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Opening ceremony for Dachser’s new high-bay warehouse in Memmingen

June 26, 2023 by

This state-of-the-art warehouse is fully automated and climate-friendly

Kempten, June 26, 2023 – Together with some 100 guests, Dachser celebrated the opening of its new high-bay warehouse in Memmingen. The new facility had gradually been going into operation in recent months. Dachser invited policymakers, administrators, and industry representatives to see the new facility in the Gewerbegebiet Nord industrial park near the A7 highway. The logistics provider invested some EUR 30 million in the fully automated warehouse.

Construction for the new logistics facility started in spring 2021. It consists of a front building with 2,700 m² of floor space and an adjacent high-bay warehouse that provides 7,500 m² of logistics space. At 32 meters tall, the storage facility covers only a small area but provides space for 52,000 pallets of non-chilled food and food packaging. It also features a mezzanine with 2,300 m² of floor space for manual picking and finishing operations.

Dachser’s Allgäu logistics center is the company’s largest operational location worldwide. With the new logistics facility now in operation, the family-owned company offers a total of more than 200,000 pallet spaces in Memmingen.

“The new warehouse is designed to offer top performance to keep pace with growing customer demand in the region,” explains Thomas Henkel, General Manager of Dachser’s Allgäu logistics center in Memmingen. “Automation and sustainability were the main focus when building it.” Storage and retrieval of pallets, for example, is fully automated. As many as 400 pallets per hour—or 5,000 per day—of incoming and outgoing goods can be handled via 22 loading and unloading gates. This is made possible by features such as automatic unloading systems, an automatic palletizing station, and eight rail-guided rack operators in high-bay storage.

“For Dachser, the high-bay warehouse in Memmingen is one of the most important new facility projects of the past few years. It brings together state-of-the-art automation technology and the latest sustainability concepts based on the accumulated expertise of our network and our employees,” says Dachser CEO Burkhard Eling. “This investment benefits not only the Memmingen location but also the Dachser company as a whole.”

Energy from clean sources

A concept for sustainable operations maximizes CO2 savings. Most of the energy required to operate the high-bay warehouse is generated by a rooftop photovoltaic system with a power output of approximately one megawatt. Whenever additional electricity is needed, Dachser will procure 100 percent renewable hydropower and wind power from the public grid. In addition, the warehouse draws heat from the energy-efficient district heating system of a regional thermal power plant.

About Dachser

Dachser, a family-owned company headquartered in Kempten, Germany, provides transport logistics, warehousing, and customized services in two business fields: Dachser Air & Sea Logistics and Dachser Road Logistics. The latter consists of two business lines: Dachser European Logistics and Dachser Food Logistics. Comprehensive contract logistics services and industry-specific solutions round out the company’s range. A seamless shipping network—both in Europe and overseas—and fully integrated IT systems ensure intelligent logistics solutions worldwide.

Thanks to some 32,850 employees at 379 locations all over the globe, Dachser generated consolidated net revenue of approximately EUR 8.1 billion in 2022. The same year, the logistics provider handled a total of 81.1 million shipments weighing 42.8 million metric tons. Country organizations represent Dachser in 41 countries. For more information about Dachser, please visit dachser.com

Filed Under: Dachser UK

De-risking the carriage of lithium-ion batteries

June 21, 2023 by

At the heart of efforts to draw attention to the hazards inherent in transporting lithium-ion batteries, specialist freight insurer TT Club now urges debate leading to a balanced, yet realistic awareness of the dangers, and a united approach to enhancing their safe carriage. Improved regulatory clarity is required and auto manufacturers need to address transport safety issues more thoroughly.

London, 21st June 2023

Rapid development of battery technology and the uncertainties created by these developments, particularly concerning safety when the energy packs are being transported require the logistics industry to have a clear understanding of the dangers which can include fire, explosions and toxic gas emissions.  Moreover, there needs to be increased efforts to minimise the risks, and if necessary, make sure there is an effective response to any catastrophic event.

Alarmist reports in the media can overstate the number of incidents involving electric vehicles.  Indeed Peregrine Storrs-Fox, Risk Management Director at insurance mutual TT Club points out that “Lithium-ion (li-ion) battery fires are not an everyday occurrence.  But when thermal runaway does happen, the result is release of toxic gases such as carbon monoxide and hydrogen cyanide, a very high temperature fire and can spread very fast.”

The release of toxic fumes may be the first alert, but fire with temperatures higher than 1,000degs centigrade can be reached in a matter of seconds and, as the mix of chemicals and metals ignites, devastation can ensue.

In keeping with its mission to extend awareness and achieve a united front, TT Club was delighted to be part of a forum of interested parties which was held recently in London.  Much was revealed by the speakers and valuable debate ensued.  “Supply chain players including ship owners, carriers, forwarders, terminal and port operators and insurers are engaged with these debates. Indeed, the maritime regulator IMO (International Maritime Organization) has its guidance for carriage of these batteries under serious review,” says Storrs-Fox.  “But we need to bring manufacturers of EVs and the batteries that power them actively into the debate.  Their ambitions for the development of more powerful, lighter and diverse battery cells must not be allowed to outstrip prioritising safety concerns surrounding their future transportation around the globe.”

Such concerns regarding the battery packs within electric vehicles (EVs) have been raised in the US and the National Transportation Safety Board (NTSB) has carried out a study.  The forum heard that EVs were reported to have incurred fewer fire incidents than internal combustion engine (ICE) cars. However, there are a few provisos to be highlighted here – not least that there are far fewer electric cars on the road than ICE vehicles.

Secondly it is understood that newer batteries are less likely to ignite or explode than used batteries, effectively the older the li-ion unit, the greater the chance of an incident. As a result, it is not clear how the batteries will perform through the intended life, given that the switch to EV’s is only now gathering pace and most battery packs are new.

Regarding the rapid spread of fire, Eva Mckiernan, the technical director at firefighting consultancy Jensen Hughes highlighted the dangers of thermal runaway as the most pressing issue after ignition.  She explained that these energy packs are thermo-dynamically unstable.  When the batteries are damaged, they can release hot and poisonous gases into containers or onto car decks of ro-ro ships and other vehicle carriers within seconds.  When the batteries explode those extraordinary temperatures can be reached.

“Thermal runaway occurs when the heat and chemical reactions reach a certain level, they are effectively self-sustaining and very difficult to extinguish,” she added.

Of course, EVs are just one use for li-ion batteries, which can be found in a variety of goods including e-bikes and scooters, as well as computers and mobile phones.  All of these goods are transported with batteries in containers. Whilst transported as new, it may be reasonable to expect appropriate packaging, although state of charge is variable, used and damaged batteries present considerable uncertainty for the transport supply chain. 

“Currently li-ion batteries are classified as one of four UN numbers, depending on power output or the weight of lithium in them and whether they are contained within devices or shipped separately.  All four are Class 9 in the IMDG Code – Miscellaneous dangerous substances and articles,” explained Storrs-Fox.  “Class 9 is the least hazardous ranking and dates from a change in IMDG Class from 4.3, which was made in the late eighties.  Clearly there is a need for a radical review of this classification, as the size and energy capacity of these batteries has altered dramatically since then.  As has the volume being carried in container ships.”

This raises concern that li-ion batteries are not classified as sufficiently hazardous and the range of potential Special Provisions increases complexity and uncertainty.  All this may have serious ramifications when a container is being accepted for shipment or a ship stowage plan is being compiled. Storrs-Fox concludes, “In addressing the commercial opportunity in the answering the agenda to move away from fossil fuels, there needs to be urgent engagement from manufacturers and OEMs to resolve the justifiable concerns of the logistics industry – ahead of regulatory strengthening.”

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 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

Filed Under: TT Club

Agreed on Joint Evaluation with JFE Steel Corporation to Establish CCS Value Chain Originated from Japan Aligned with CCS Study in Malaysia

June 19, 2023 by

Japan Petroleum Exploration Co., Ltd. (JAPEX), JGC Holdings Corporation (JGC HD), Kawasaki Kisen Kaisha, Ltd. (“K” LINE), and JFE Steel Corporation have agreed to conduct a joint evaluation aiming to establish the CCS (Carbon Capture and Storage) value chain originated from Japan (hereinafter “the Evaluation”), aligned with the joint study*1 on CCS in Malaysia with Petroliam Nasional Berhad (PETRONAS), and concluded a Memorandum of Understanding (MOU) among the four companies on June 19.

JAPEX, JGC CORPORATION (JGC), an operating company of JGC HD for overseas EPC (engineering, procurement, and construction), and “K” LINE, has been proceeding with the joint study (hereinafter “the Study”) with PETRONAS, including study on suitable sites for CO2 storage in Malaysia and its technical evaluations, CO2 capture and transport from the PETRONAS’s LNG complex in Bintulu, and potential of transportation from outside Malaysia including Japan. As part of this study, the three companies also have worked on the investigation and dialogue with potential candidate emitters, considering CO2 transportation from Japan. As a result of the dialogue with the candidates, the four companies have found that their future direction of the Study aligns with the one of JFE Steel, which has been considering reduction of CO2 emission from their operations. Therefore, the four companies signed the MOU to conduct the Evaluation.

The four companies will conduct the Evaluation to establish the CCS value chain, from CO2 separation and capture at JFE’s steelworks in Japan, to marine transportation of liquefied CO2 to the receiving point(s) in Malaysia, including estimation of required facilities and costs. The Evaluation will also be appropriately aligned with the study of CO2 receipt and storage in Malaysia within the scope of the Study with PETRONAS.

By the establishment of the international CCS value chain through the Evaluation, JAPEX, JGC HD, “K” LINE, and JFE Steel aims to contribute for the realization of carbon neutrality by 2050, including the realization of de-carbonized society in Asia targeted by Asia Energy Transition Initiative (AETI)*2.

*1: Please refer a joint press release “JGC CORPORATION and Kawasaki Kisen Kaisha, Ltd. Joins CCS Study in Malaysia” on July 29, 2022.

https://www.kline.co.jp/en/news/carbon-neutral/carbon-neutral7943232713056097109/main/0/link/220729EN.pdf

*2: The Japanese Government’s initiative announced in May 2021, which aims to achieve sustainable economic growth and carbon neutrality simultaneously in Asia.

Filed Under: "K" Line

Establishment of K LINE MARINE & ENERGY PTE. LTD.

June 16, 2023 by

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that K LINE MARINE & ENERGY PTE. LTD. (KME) was established on June 7th in Singapore.

In May 2022, “K” LINE set up a new company in Singapore to satisfy ever-diversifying needs for high-quality ship management services, the establishment of a community-based support structure, the adaptation to new fuels and other needs, in an effort to improve our global safety and quality management structure encompassing ship management companies and other maritime technology organizations, human resources and operational sites. As a measure to strengthen our organization, KME was established to develop ship safety and quality management, securement and development of crew members capable of handling new fuels and new technologies and other functions that are currently handled by the Tokyo head office, with the goal of strengthening our global structure for safety and quality management, including maritime technologies.

KME will also function as a commercial hub for the transportation of energy resources such as LNG carriers, oil tankers and carbon neutrality-related ships (e.g. LNG/ Ammonia fuel supply ships, liquefied CO2 carriers, etc).

“K” LINE considers Asia to be a growing market. In particular, Singapore is home to the business locations of many resource majors and is a place where business and information accumulate. The city has become an important location for us to meet the needs of customers and expand our businesses.

We will facilitate the evolution of our community-based, organizational operating capabilities including our capabilities connected to energy resource transport in Asia, think outside-the-box in seeking the solutions our customers desire and demonstrate organizational operating capabilities integrating the sales and technical divisions. In this way, we will meet the needs of various customers in reducing their environmental impact and other areas. Moreover, we will pursue continued growth by continuing to strengthen our partnerships with customers.

[Overview of the New Company]

Company nameK LINE MARINE & ENERGY PTE. LTD.
Head OfficeSingapore
Date of EstablishmentJune 7, 2023
Start of OperationAugust 1, 2023 (planned)
ShareholdersWholly owned by “K” LINE
Filed Under: "K" Line

“K” Line : Change of Responsibilities of Executive Officer

June 16, 2023 by

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) hereby announces that the following change of responsibilities of Executive Officer were resolved at the Board of Directors Meeting held today.

Change of Responsibilities of Executive Officer as of July 1, 2023

PositionNameResponsibilities
 Managing Executive OfficerAkihiro Fujimaru(Present) In charge of Marine Sector
(New) CEO of K LINE MARINE & ENERGY PTE. LTD

Please see below the list of responsibilities of Executive Officers as of July 1, 2023.

TitleNameResponsibilities
President & CEOYukikazu Myochin 
Vice President Executive OfficerAtsuo AsanoAssistant to President & CEO, Responsible for Dry Bulk Carriers Unit, in charge of Bulk Carriers
Senior Managing Executive OfficerYukio ToriyamaResponsible for CFO Unit(Corporate Planning, Research, Finance, Accounting, Taxation), CFO (Chief Financial Officer)
Senior Managing Executive OfficerKazuhiko HarigaiResponsible for Energy Transportation Business Unit
Senior Managing Executive OfficerKiyotaka AyaResponsible for Marine Sector Unit, CSO(Chief Safety Officer)
Senior Managing Executive OfficerShingo KogureResponsible for General Affairs, Human Resources,  Legal, Corporate Legal Risk & Compliance Unit
Managing Executive OfficerTakenori IgarashiResponsible for Product Logistics Business Unit (Car Carriers)
Managing Executive OfficerNoriaki YamagaResponsible for Corporate Sustainability, Environment Management, IR and Communication  Unit, In charge of Corporate Planning, Research
Managing Executive OfficerKeiji KuboResponsible for Product Logistics Business Unit (Logistics, Port, Short Sea and Coastal Business and Affiliated Business), Containerships Business Unit
Managing Executive OfficerMichitomo IwashitaResponsible for Advanced Technology, Ship Technical, GHG Reduction Strategy Unit, Digitalization Strategy Unit, In charge of Electricity and Offshore Business
Managing Executive OfficerMasatoshi TaguchiIn charge of Coal & Iron Ore Carrier Business, Coal & Iron Ore Carrier Planning & Operation, Drybulk Planning
Managing Executive OfficerSatoshi KanamoriIn charge of LNG, Carbon-Neutral Promotion
Managing Executive OfficerAkihiro FujimaruCEO of K LINE MARINE & ENERGY PTE. LTD.
Managing Executive OfficerYutaka AkutagawaIn charge of Finance, Accounting, Taxation
Executive OfficerHisashi NakayamaIn charge of Tankers, Fuel Strategy & Procurement
Executive OfficerFumiyoshi SatoIn charge of General Affairs, Legal, Corporate Legal Risk & Compliance, Assistance to Internal Audit, CCO (Chief Compliance Officer)
Executive OfficerHiroshi UchidaIn charge of Digitalization Strategy, CIO(Chief Information Officer)
Executive OfficerShingo KameyamaIn charge of Advanced Technology, General Manager of Advanced Technology Group, Technical Support for Marine Sector Unit
Executive OfficerShingo IkedaIn charge of Ship Technical, GHG Reduction Strategy, General Manager of Ship Technical Group,  GHG Reduction Strategy Group
Executive OfficerShinya TamakiIn charge of Human Resources, General Manager of Human Resources Group
Executive OfficerHaruhiko SugimotoIn charge of Car Carrier Business, Car Carrier Planning & Development, Car Carrier Quality and Operations
Filed Under: "K" Line

GEODIS Hong Kong achieves CEIV Lithium Battery certification

June 16, 2023 by

IATA accreditation demonstrates logistics provider’s commitment to safety and operational excellence

GEODIS, a world leader in transport and logistics, has secured International Air Transport Association (IATA) Center of Excellence for Independent Validators Lithium Batteries (CEIV Li-batt) certification in Hong Kong, as part of its continuous efforts to provide the best-in-class service and be the valued growth partner of choice for their clients.

This certification demonstrates GEODIS’ commitment to safety, security and compliance and positions it well to serve the growing demand of lithium batteries, which are increasingly being used in a wide variety of consumer goods, ranging from laptops, mobile phones to watches, vehicles and other devices.

With its strategic location, Hong Kong is a critical hub for GEODIS and serves as a key gateway into Asia Pacific and Mainland China. Hong Kong’s proximity and ease of cross border transportation makes it an ideal hub enabling the logistics provider to meet its clients’ requirement for flexibility, convenience, and speed for their global shipments in or out of China.

In 2021, GEODIS Hong Kong was accredited as an Authorized Economic Operator (AEO) by the Hong Kong Customs and Excise Department. AEO status recognizes the application of excellent security and safety procedures within the supply chain industry. GEODIS in Hong Kong provides logistical support to businesses across key verticals such as High-Tech, Retail, Fast-Moving Consumer Goods and Industrial Goods.

“GEODIS’ strategy is built on business and operational excellence. With the IATA CEIV Lithium Battery certification, our customers can be assured that their lithium battery shipments will be handled with the utmost care and adhere to the highest industry and security standards,” said Christopher Cahill, Sub-Regional Managing Director, North Asia, “This certification also demonstrates our unwavering commitment to health, safety and security.  The rigorous assessment required by this certification gives us the opportunity to continually review and ensure a safe environment for our people and operations.”

The certification process included training for employees, on-site assessments of operations and validation of documentation to stringent standards.

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 five lines of business: Supply Chain Optimization, Global Freight Forwarding, Global Contract Logistics, Distribution & Express, and European Road Network. With a global network spanning nearly 170 countries and more than 49,400 employees, GEODIS is ranked no. 6 in its sector across the world. In 2022, GEODIS generated €13.7 billion in revenue. GEODIS is a company owned by SNCF group. 

Filed Under: GEODIS

“K” LINE Joins Japan’s Ministry of Economy, Trade and Industry’s “GX League”

June 16, 2023 by

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has participated in the GX League, which will begin full-scale operation from this year.

Based on the goal of our Environmental Vision of “The Challenge of Achieving Net-Zero GHG Emissions by 2050,” we have formulated a growth strategy that regards contributing to the realization of a low-carbon and decarbonized society as a business opportunity.

In the latter half of the 2020s, we will contribute to the realization of low-carbon and decarbonization of marine transportation in our customers’ value chains through our own efforts to reduce GHG emissions, aiming to introduce zero-emission ships using new fuels.

Furthermore, by responding to the demand for support vessels for projects related to the renewable energy field, such as offshore wind power, transportation of new energy sources, such as hydrogen and ammonia, and carbon capture and storage (CCS) transportation, we will leverage the strengths we have cultivated to date and actively engage in businesses that contribute to the low-carbon and decarbonization of society.

Through our participation in the GX League, we aim to be a company that continues to be chosen by all stakeholders by further accelerating these initiatives, reducing environmental impact, and continuously improving corporate value toward the realization of a sustainable society.

Filed Under: "K" Line

“K” Line Holds Environmental Awards 2023 Ceremony

June 16, 2023 by

“K” Line Group Environmental Awards 2023 Ceremony held on June 12, 2023.

The awards were established to honor and give recognition to outstanding environmental-preservation-contributive activities undertaken by both executives and employees working throughout the “K” Line Group according to the direction developed in “K” Line Environmental Vision 2050. This year marks the 9th awards ceremony since establishment of the awards in 2015. We accepted many entries from our group companies both in Japan and overseas. The activities of five companies — one “Grand Award” , four “Excellence Award” and one “Special Award” —  were selected from such standpoints as “originality,” “challenge level,” “degree of contribution,” “continuity” and “potential for pervasiveness”, and they received the awards from our President and CEO, Yukikazu Myochin.

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.

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

GRAND AWARD

  • Reducing fossil fuels and CO2 emissions by using EV cars, installing solar carports and storage batteries at the Daikoku Car Carrier Terminal

Daito Corporation

The Daito Corporation considered ways to contribute to CO2 emissions reduction at the Daikoku Car Carrier terminal, and decided to convert company cars to EVs and install solar carports that can charge EVs. The solar carport can be used to charge EVs, and a portion of the surplus power can be supplied to the guardroom office or can be stored in storage batteries for use at night or in times of disaster.

The amount of electricity generated during the first four months of operation has been 1581.9 kwh since it started operating in November 2022, resulting in a reduction of approximately 1140.55 kg of CO2 emissions.

EXCELLENCE AWARD

  • Restoring the ecosystem through dam building

“K” Line (Thailand) Ltd.

The water storage will increase in forests by building check dams in national parks and we can restore the ecosystems of surrounding organisms.

  • Improvement of business operations through the introduction of RPA

Nitto Total Logistics Ltd.

We can improve work efficiency and reduce copy paper usage.by Introducing RPA (Robotic Process Automation) into daily operations,

  • Use of “ECOPLA WOOD” as a substitute for wood dunnage

“K” Line Marine Solutions Co., Ltd.

We can reduce wood usage by changing the part of the dunnage (cargo bedding material) used for curing and protecting cargo and hold decks from wood to “ECOPLA WOOD”, which is Recycled Plastic Products.
Entering into World’s first full scale CCS project with Northern Lights for two liquefied CO2 vessels/CO2 reduction through CCS/liquefied CO2 transportation Carbon-Neutral Promotion Group (Kawasaki Kisen Kaisha, Ltd.)

We participated in the world’s first full-scale Carbon capture and storage value chain project in Norway by two liquefied CO2 carriers.
(Special Award) : Accumulation 10 entries

  • “K” Line (Thailand) Ltd.
Filed Under: "K" Line

“K” Line in receipt of Gold Award in the 44th 2023 Japan BtoB Advertising Awards

June 12, 2023 by

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) received the Gold Award in the Magazine Advertising Category for the 44th 2023 Japan BtoB Advertising Awards hosted by the BtoB Association Japan. The award was given for four advertisements in “K” LINE’s environment series, entitled, “Full ahead to carbon neutral”, and the award ceremony was held on June 9th.

The Japan BtoB Advertising Awards is the only comprehensive contest for BtoB advertising works in Japan, started by the BtoB Association Japan in 1980. The Awards are divided into 15 categories, including the Product Catalog Category, the Poster Category, and the Newspaper Advertisement Category, and the purpose of the Awards is to commend the creative results of business advertising in Japan and to acknowledge and offer evaluations of excellent BtoB advertising by experts in creating advertisements and marketing. This was the first award in any of the categories for “K” LINE.

“K” LINE established the long-term “K” LINE Environmental Vision 2050*¹ policy on the environment, defining a 50% reduction in CO2 emissions by 2030 compared to 2008 and establishing the goal reaching net zero in GHG (GreenHouse Gases) by 2050. In the Medium-Term Management Plan released in May 2022, “K” LINE established a long-term management vision to commit to a smooth energy transition for both the company and society and to promote activities aimed at realizing a low-carbon and decarbonized society. “K” LINE’s environmental advertising, entitled, “Full Steam Ahead to Low Carbon and Decarbonization”, was created based on specific initiatives and each of the four advertisements features a different model: an LNG-fueled pure car and truck carrier, a main measure to reduce GHG emissions by 2030; SEAWING, an automatic kite system to reduce CO2 emissions by more than 20% by utilizing wind power; a zero-emissions ammonia-fueled pure car and truck carrier aiming to achieve net-zero emissions by 2050; and a ship supporting offshore wind power generation that is expected to become popular in the future.

Going forward, “K” LINE will continue to strive to contribute to sustainable economic and social development and enhance corporate value while actively and flexibly responding to customers’ needs, including environmental responses which are expected to grow, and preserving the environment through business activities based on the “K” LINE Environmental Vision 2050.

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

https://www.kline.co.jp/en/sustainability/environment/management.html#002


An LNG-fueled pure car, truck carrier

Ship supporting offshore wind power generation
SEAWING
An ammonia-fueled pure car, truck carrier
Filed Under: "K" Line

“K” Line : Notice of occurrence of Non-Operating Income by dividends income

June 12, 2023 by

Kawasaki Kisen Kaisha, Ltd. (hereafter, “the Company”) will account following dividends income on Non-Operating Income of non-consolidated financial results for the fiscal year ending March 31, 2024.

  1. Outline of dividends

Based on today’s resolution at the general meeting of the shareholders of OCEAN NETWORK EXPRESS PTE. LTD., the affiliate company accounted with the equity method, the Company will receive dividends of 616 million U.S. Dollars (Approx. 86.1 billion Japanese Yen) in the first quarter of the current fiscal year. The dividend is scheduled to be received on June 15, 2023.

  1. Impact on The Company’s business performance

The Company will account aforementioned dividends income on Non-Operating Income of non-consolidated financial results for the fiscal year ending March 31, 2024.

There will not be impact on consolidated financial results at the period, as it is dividends from the affiliate company accounted with the equity method.

“K” LINE’s website URL:  https://www.kline.co.jp/en/index.html

Filed Under: "K" Line
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