Transport communications

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“K” Line : Introduction of AI-Powered Contract Intelligence Platform

December 1, 2021 by

We, Kawasaki Kisen Kaisha Ltd. (“K” LINE), have decided to introduce a cloud-based AI-powered “Contract Intelligence Platform”（Evisort）provided by Evisort Inc. (Note1) in our contract ecosystem.

We have invested a significant amount of effort in the management and risk control of the vast and diverse contract documents generated by global business operations. By utilizing Evisort, we will improve operational efficiency by centrally managing contracts in the cloud. It also works with other systems to optimize and standardize complex and fragmented end-to-end contract lifecycles, from contract creation and negotiation to approval and post-contract management including reporting. In addition, we will be able to recognize and manage contract related risks efficiently and effectively by Evisort with cutting-edge AI to enable immediate analysis of marine transportation and logistics specific contracts.

We will strengthen risk management and governance through the utilization of Evisort. At the same time, we will strive to improve corporate value through better use of digital technology and operational efficiency through company-wide BPR, as stipulated in the management plan.　(Note2)

Functional overview of Evisort]

(Note1) Evisort Inc. (https://www.evisort.com/):

Evisort is the leading provider of contract management and AI technology for legal, procurement, sales, finance, and IT teams,founded in 2016 by Harvard Law and MIT alumni. Evisort’s Contract Intelligence Platform delivers rapid ROI in 30 days by centralizing contracts without requiring migration, using AI to track and search metadata and provisions without manual data entry, and enabling teams to draft, redline, approve, sign, report on, and renew contracts. Evisort is headquartered in Silicon Valley and backed by leading strategic and institutional investors including General Atlantic, Vertex Ventures, M12 (Microsoft’s venture fund), Amity Ventures, Village Global, and Serra Ventures.

(Note2) Management Plan (Released on May 10th, 2021)

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

Filed Under: "K" Line

GEODIS announces acquisition of Transports Perrier

December 1, 2021 by

GEODIS has acquired Transports Perrier, a specialist in the transportation of palletized loads. The leader in LTL[1] transport in Poland following the recent acquisition of the PEKAES Group, GEODIS is expanding its capacity in its historical market and establishing a palletized transport network in France.

With its current positioning primarily based on carrying full loads and part-loads, the GEODIS Road Transport Line of Business now intends to strengthen its service offering in the LTL segment (1 to 6 pallets), in response to growth in market demand.

On the left: Olivier ROYER, Executive Vice President of the GEODIS Road Transport Line of Business ; on the right Bruno NEYRAT, President of the SOBOTRAM Group

Transports Perrier is a company that was created in 1955. It specializes in delivering palletized shipments and operates a fleet of 410 vehicles. It employs 260 people, including 160 drivers.

Located at key intersection points on some of the major transport routes throughout France, Transports Perrier’s five sites – Lons-Le-Saunier (in eastern France), Lunéville (north-east), Noves (south), Seiche-sur-le-Loir (west) and Liévin (north) – will become part of the GEODIS Road Transport Line of Business which comprises approximately 800 drivers and more than 1,000 vehicles.

“Our customers are looking for solutions for distributing shipments of 1 to 6 pallets within France,” said Olivier Royer, Executive Vice President of the GEODIS Road Transport Line of Business. “This demand has grown with the rise of e-commerce. This new acquisition adds to GEODIS’ existing resources and provides it with a supplementary network of locations throughout the country. For our customers, it will be a guarantee of reliable, high-quality service.”

The GEODIS Road Transport Line of Business employs over 4,300 people at 95 sites spread across 18 European countries.

GEODIS – www.geodis.com

GEODIS is a top-rated, global supply chain operator recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport), coupled with the company’s truly global reach thanks to a global network spanning nearly 170 countries, is reflected by its top business rankings: no. 1 in France and no. 7 worldwide. In 2020, GEODIS employed over 41,000 people globally and generated €8.4 billion in revenue.

[1] LTL: less-than-truckload (i.e. partial loads).

Filed Under: GEODIS

Publication of “K” LINE REPORT 2021

November 24, 2021 by

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

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

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

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

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

Filed Under: "K" Line

GEODIS expands e-Commerce activities in Belgium / GEODIS breidt e-commerce activiteiten uit naar België

November 24, 2021 by

Leading global transport and logistics services provider GEODIS has established a new sorting center in Schoten, near Antwerp, as well as a new office located within the airport of Liege. The first will facilitate the expansion of one of its largest international e-Commerce customers into the Belgian market. The second is intended to reinforce GEODIS’ e-Commerce footprint in Europe.

In Schoten, the new 6300 m2 sorting center will host between 100 to 150 express trucks per day. In order to process up to 20,000 parcels daily (140,000 per week) and ensure the fastest possible delivery times, the facility will operate 24/7. 

At Grâce-Hollogne, near Liege, the new GEODIS office is in the heart of the airport; the seventh largest for air freight in Europe, renowned for its expertise in e-Commerce. The strategic location of the new office, within the Amsterdam-Paris-Frankfurt golden triangle, will provide a connection between the Asian and North American continents and GEODIS’ European multimodal distribution network.

“For our customers, this means access to more than 250 million consumers in less than a day by road, also via barge connections from Liege to Antwerp, Rotterdam and on to the Rhine; as well as through air and rail connectivity with China from Zhengzhou, Yiwu and Chengdu,” says Mark van den Assem, Managing Director of GEODIS for Benelux.

“Investing in the expansion of our e-Commerce logistics activities is an essential part of our growth strategy”, confirms Thomas Kraus, GEODIS President & CEO North, East and Central Europe. “The world is seeing an unprecedented growth of e-Commerce volumes, at a time of capacity constraints in the global transport market. GEODIS is underlining its ability to provide both, capacity through its own controlled network and logistics competence on the ground; this significantly strengthens our position in Belgium.”

De toonaangevende wereldwijde logistieke dienstverlener GEODIS heeft een nieuw sorteercentrum in Schoten, nabij Antwerpen geopend en een kantoor bij de luchthaven van Luik.  De eerstgenoemde locatie faciliteert de entree op de Belgische markt van een van de grootste e-commerce klanten van GEODIS. De tweede locatie verstevigt de e-Commerce dekking van het bedrijf in Europa. 

Het sorteercentrum van 6300m2 zal per dag tussen de 100 en 150 express-vrachtwagens ontvangen. De locatie is 24 uur per dag en zeven dagen open om de dagelijkse stroom van 20.000 pakketjes (140.000 per week) te verwerken.

Het  nieuwe kantoor in Grâce-Holllogne, nabij Luik, is gelegen in het hart van Liège Airport; dat bekend staat om zijn e-commerce expertise en het zevende vrachtvliegveld van Europa is. Het nieuwe kantoor is strategisch gelegen in de gouden driehoek Amsterdam-Parijs-Frankfurt, en verbindt het Aziatische en Noord Amerikaans continent met het Europese multimodale distributienetwerk van GEODIS.

“Dit betekent dat onze klanten, in minder dan een dag, meer dan 250 miljoen consumenten kunnen bereiken via de weg maar ook via binnenvaart routes vanuit Luik naar Antwerpen, Rotterdam en richting de Rijn. Tevens is er een uitstekkende verbinding met China door de lucht en via het spoor vanaf Zhengzhou, Yiwu en Chengdu, ” zegt Mark van den Assem, Managing Director GEODIS Benelux.

“Investeringen om onze activiteiten op het gebied van e-commerce logistiek uit te breiden zijn een essentieel onderdeel van onze groeistrategie”, bevestigt Thomas Kraus, President & CEO van GEODIS in Noord-, Oost- en Centraal-Europa. “We hebben te maken met een ongeëvenaarde groei van e-commerce volumes ten tijde van capaciteitsproblemen op de wereldwijde transport markt. GEODIS heeft het vermogen via het ‘own controlled network’ van het bedrijf capaciteit te bieden en combineert dit met de juiste logistieke competenties ter plaatse; dit versterkt onze positie in België aanzienlijk.”

GEODIS – www.geodis.com 

GEODIS is a global leading transport and logistics services provider recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a global network spanning nearly 170 countries, translates in top business rankings, #1 in France and #7 worldwide. In 2020, GEODIS accounted for over 41,000 employees globally and generated €8.4 billion in sales. GEODIS is een wereldspeler op het gebied van transport en logistieke dienstverlenging, die er alles aan doet om klanten te helpen hun logistieke beperkingen te overwinnen. Het op groei gerichte aanbod (Supply Chain Optimization, Freight Forwarding, Contract Logistiek, Distributie & Express en Wegtransport) van GEODIS gekoppeld aan het wereldwijde bereik door een netwerk in 170 landen verspreid over 6 continenten, vertaalt zich naar hoge noteringen op zakelijke ranglijsten, # 1 in Frankrijk en # 7 wereldwijd. In 2020 had GEODIS meer dan 41.000 werknemers wereldwijd en genereerde het € 8,4 miljard aan omzet.

Filed Under: GEODIS

TT Club welcomes EU safe truck parking initiative

November 23, 2021 by

A long-time advocate of safer parking facilities for long-distance road vehicles, international transport insurer, TT Club has welcomed the EC’s initiative to introduce a standard ensuring a minimum level of security and safety at these overnight parking sites

London, 18th November, 2021

Undoubtedly the time when cargo and driver are at most risk is when they are at rest, whether overnight, during meal breaks or due to regulatory requirements.  TT Club collaborations with BSI Supply Chain Services and Solutions, and others, have consistently shown that over 60% of all cargo thefts from road vehicles occur in transit – and a high proportion of those while vehicles are parked.

As such the specialist insurer is keen to advise operators of risk management measures that they can take to mitigate such risks.  TT therefore soundly welcomes the European Commission’s introduction of its Safe & Secure Truck Parking Areas (SSTPA) Standard. This is set to come into EU Law through the EU Driving and Rest Time rules, part of the Commission’s Mobility Package 1.

“At a time of severe driver shortages, warehouse capacity crisis and congestion throughout the freight transport system, there needs to be even more vigilance against criminal activity,” comments TT’s MD of Loss Prevention, Mike Yarwood.  “The current circumstances are increasing the opportunities for the well-organised and targeted theft of goods. Every initiative to strengthen security, and the safety of drivers, particularly in more vulnerable locations is to be applauded.”

The new SSTPA standard follows a voluntary scheme that is in existence aimed at addressing the EU’s requirements for safe parking.  Now with EC investment that will come into effect in harmony with the new SSTPA, secure parking capacity will increase.

In the UK, similar trends in theft, and an even greater need for safe parking facilities exist.  This has prompted TT to support schemes such as Motorway Buddy, which is a smartphone app enabled a truck-stop locator.  It is a driver-friendly compliance and safety management tool that provides the location of over 300 recognised truck stop facilities.

With TT’s investment and collaboration with the Freight Unit of the National Vehicle Crime Intelligence Service (NaVCIS), the app is now supplied with detailed crime data, mapping cargo and fuel theft hotspots.  Motorway Buddy thus enables informed decisions as to where is most prudent for drivers to park-up, leading to a safer and more secure road freight transport.

Yarwood concludes, “The achievement of a more secure freight environment within the UK and Europe, and indeed across the globe, will be a never-ending battle as thieves adapt their methods to exploit softer targets.  However, initiatives such as the EU’s new SSTPA Standards address one of the system’s key weaknesses — the woeful shortage of safe and secure parking facilities.  TT will also continue to highlight this shortcoming and invest in the means to improve the situation.”

About TT Club:

TT Club is the established market-leading independent provider of mutual insurance and related risk management services to the international transport and logistics industry. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 93% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

www.ttclub.com

Filed Under: TT Club

Launching of a 90,000-dwt Bulk Carrier “LIN MIARAK”

November 23, 2021 by

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

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

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

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

Vessel Particulars

LOA                :        249.99M

Width             :        43.00M

Depth             :        18.70M

Deadweight   :        90,991T

Gross Ton       :        57,963T

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

Class               :        NK

Flag                :        Panama

Builder           :        Tadotsu Shipyard Co., Ltd.

Filed Under: "K" Line

Young International Freight Forwarder of the Year Award 2021 announced at final online event

November 23, 2021 by

Geneva/London, 17 November 2021– FIATA International Federation of Freight Forwarders Associations and TT Club, international freight transport insurer, revealed this year’s global winner of the Young International Freight Forwarder of the Year Award (YIFFYA) during today’s final online event.

FIATA and TT Club are proud to announce that Justin Goedhart, the regional winner of Region Africa and Middle East, representing SAAFF, South Africa, has been awarded the title of Young International Freight Forwarder of the Year.

“With his dissertation, presentation and video today focused on the international shipment of rhinos and large ball mill, Justin has demonstrated exemplary understanding, knowledge and passion for his profession – showing how the next generation is truly resilient and adequately equipped to meet the current and future challenges of the supply chain”, said Michael Yarwood, TT Club’s Managing Director, Loss Prevention.

FIATA and TT Club extend their congratulations to the three other dedicated young professionals who made it to the final stage of the competition: Georgina Perez Perez, CIFFA, Canada; Glauc Fornés Gil, FETEIA, Spain; Muhammad Wasif Wiqar, PIFFA, Pakistan. All the finalists have invested impressive efforts into the competition, using their skills to provide high quality work. By their dedication, innovative minds, and enthusiasm, they are a true source of inspiration for the industry. 

The final event was also the opportunity to launch next year’s competition – with a little twist. The award will be from now on called the Young Logistics Professional Award. “This change truly reflects FIATA’s reality – we want to encourage and nurture passion of the young talents representing all sectors of the industry, whatever their specialization – this is crucial for the future of our community. In line with this, FIATA is planning to organize other activities to promote young logistics professionals”, noted FIATA President, Basil Pietersen.

One of FIATA’s top priorities is to attract gifted young professionals to the field and meet the human resource challenge over the next years. The competition is a key tool towards this essential goal; it is a rewarding experience for the candidates, who can display their expertise, get new skills, enlarge their network, and gain exposure within the global freight forwarding community. It also shows to younger generations what a career in international freight forwarding and logistics is about – with its many opportunities to grow. FIATA and TT Club strongly encourage young logistics professionals, with the essential support of their FIATA national association, to join this exciting venture.

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 1,100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 93% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more. www.ttclub.com

Filed Under: TT Club

“K” LINE Group Companies Establish New Cold and Dry Warehouses in Thailand

November 23, 2021 by

November 17, 2021

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

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

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

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

New warehouses overview

1. BCS freezing and refrigerating warehouses

Name              ： BANGKOK COLD STORAGE SERVICE LTD.（BCS）

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

Starting date   ： May, 2023

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

Equipment details：

 Floor space(m2)Cargo storage capacity(Ton)
Freezing storage(-25℃)2,0804,800
Refrigerated storage (0～15℃)1,4001,600
Constant temperature storage(+25℃)1,6802,150
Handling place2,0800
Total7,2408,550

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

2. KCST dry warehouse

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

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

Starting date   ： Dec, 2022

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

Equipment details：

 Total floor area(m2)Dock leveler
Total floor area12,0006 units

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

Planned construction site for new warehouse

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

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

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

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

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

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

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

(Note 2) GMP (Good Manufacturing Practice)

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

(Note 3) GDP (Good Distribution Practice)

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

Filed Under: "K" Line

GEODIS plans to double its Contract Logistics Footprint in the UK

November 16, 2021 by

With a total of 110,000 sqm new warehousing space opened in October across two new sites in the UK, leading global transport and logistics services provider GEODIS significantly increases its Contract Logistics operation in Europe’s third biggest retail market*. 

Driven by demand for contract logistics services as a consequence of the retail e-commerce boom that is no less apparent in the UK market than elsewhere in Europe, GEODIS has opened two new facilities: 40,000 sqm warehouse in the North of England in Doncaster and a 70,000 sqm logistics site at Lutterworth in the East Midlands region, providing employment for nearly 600 (1,200 during the peak season). 

Caption:  GEODIS’ new 40,000 sqm warehouse in Doncaster, UK 
Copyright:  Ben Harrison Photography

Established in response to the increase in sales volumes of a high-profile international online retailer, the facilities are equipped with state-of-the-art automated technology, 18-meter, high-density racking and provide a combined capacity for processing up to 1.5 million units per week. 

GEODIS plans to double its contract logistics operations in the UK, in-line with its growth plans to become a top 15 operator in the market within the next 5 years.

Stéphanie Hervé is COO, Western Europe, Middle East and Africa for GEODIS. “Retailers are beefing up their ability to supply the burgeoning e-commerce sector via a nationally based distribution network”, she comments.  “Our response is to help our established customers grow and to attract additional business with our skills and experience augmented by our innovative and specially designed IT/automated solutions for the online retail sector.”

Both locations are well-located in terms of access to national road networks and distribution to centers of population across the country will therefore be facilitated. Doncaster as well as Lutterworth are in areas of concentrated logistics and warehousing activity. Alketa Idrizi, GEODIS’ Human Resources Director in the UK, recognizes the current challenges in recruiting both locally and across the UK as a whole. “GEODIS has an enviable track record in caring for and training its staff,” she emphasizes. “Our image of a socially aware and inclusive employer, with a reputation for diversity in our human resource policies is well-founded and leads to a high level of staff retention.  We are confident that these commitments to staff welfare will encourage a high caliber of applicant to join our new operations.”

*Source:  Moody’s Analytics www.economy.com/indicators/retail-sales

GEODIS – www.geodis.com 

GEODIS is a global leading transport and logistics services provider recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a global network spanning nearly 170 countries, translates in top business rankings, #1 in France and #7 worldwide. In 2020, GEODIS accounted for over 41,000 employees globally and generated €8.4 billion in sales.

Filed Under: GEODIS

“K” Line Listed on the Dow Jones Sustainability Asia Pacific Index, a Leading Index for ESG Investing for 11 consecutive years

November 16, 2021 by

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

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

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

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

Filed Under: "K" Line
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