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"K" Line

“K” Line, Chubu Electric, Toyota Tsusho, and NYK Line begin joint discussions on LNG Bunkering Business in Japan

Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo; President & CEO: Eizo Murakami; hereinafter “K” Line), Chubu Electric Power Co., Inc. (Head office: Higashi-ku, Nagoya; President & Director: Satoru Katsuno; hereinafter Chubu Electric Power), Toyota Tsusho Corporation (Head office: Nakamura-ku, Nagoya; President & CEO: Jun Karube; hereinafter Toyota Tsusho), and Nippon Yusen Kabushiki Kaisha (Head office: Chiyoda-ku, Tokyo; President: Tadaaki Naito; hereinafter NYK Line) announce today that the four companies have begun joint discussions on the commercialization of a new business to supply liquefied natural gas (LNG) as a marine fuel to ships in the Chubu (central region) of Japan.

LNG is expected to become an important alternative to heavy fuel oil due to its relatively low emissions* of air polluting substances and greenhouse gases, which will enable ships to meet increasingly stringent international regulations on emissions. The four companies will jointly discuss specific LNG customers and supply methods in preparation for the commercialization of LNG bunkering business.

*Compared to heavy fuel oil, the use of LNG can reduce emissions of sulfur oxides (SOx) and particulate matter (PM) by approximately 100%, nitrogen oxides (NOx) by as much as 80%, and carbon dioxide (CO2) by approximately 30%.

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“K” Line takes Delivery of 14000-TEU Containership “MILANO BRIDGE”

Milano Bridge (14,000 TEU) Jan18

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “MILANO BRIDGE,” a 14,000-TEU Containership at Hiroshima Shipyard of Imabari Shipbuilding Co., Ltd, Japan on January 18, 2018.

This new ultra-large containership (hereafter called ULCS) is same as the series delivered in 2015 and 1st ship of the 2nd generation. She will be deployed on the Asia-Mediterranean service (MED2) under THE-Alliance. “K” Line has 5 ULCSs scheduled for delivery this year, bringing the total to 10 units.

Main Particulars

LOA   :   365.94   m

Beam   :   51.20     m

Depth   :   29.90     m

Draft   :   15.50     m

DWT   :  146,931 MT

No. of Containers   :   13,900 TEU

Flag   :   Republic of Panama

Class   :   NK

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“K” Line take delivery of ‘Corona’ Series Coal Carrier “CORONA WISDOM”

 

CORONA WISDOM Jan18

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “CORONA WISDOM,” an 88,000 DWT-type special coal carrier at Shin Kasado Dockyard Co.,Ltd. of Imabari Shipbuilding Group Japan on 19h Jan, 2018.

CORONA WISDOM is same type as K” Line’s specialized fleet for transport of thermal coal known as the “Corona-series”. The Corona-series consists of epoch-making coal carriers equipped with wide beam and shallow draft, which are the most suitable type to enter ports of domestic Thermal Power Stations to discharge cargo.

CORONA WISDOM is equipped with latest energy saving and ecological technology such as WAD (Weather Adapted Duct) which promotes her propeller efficiency and ballast water management system which saves marine ecosystems

With this new latest deployment, the Corona-series now consists of 19 carriers. “K” Line takes pride that its Corona-series has been so favorably evaluated for always ensuring customers steady and reliable thermal coal transport service with maximum safety.

 

Vessel’s Specifications
LOA 229.98 M  Deadweight Tons 88,899 MT
 Beam 38.00 M  Gross Tons  49,713   T
 Depth 19.90 M  Net Tons 28,511   T
 Full Draft 13.904 M  Hold/Hatch      5/5
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Notice of Completion of Necessary Legal Process in All Countries/Regions for New J/V in the Container Shipping Business

January 18,2018

Kawasaki Kisen Kaisha, Ltd. – Eizo Murakami, President & CEO
Mitsui O.S.K. Lines, Ltd. – Junichiro Ikeda, President & CEO
Nippon Yusen Kabushiki Kaisha – Tadaaki Naito, President

 
Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha today announced that their new joint venture company, Ocean Network Express Pte. Ltd., established in July 2017, has received all necessary merger approvals from local competition authorities in regions and countries where such approvals are required for the launch of service by the newly established joint venture company.

 

As announced on July 3, 2017, the J/V company had completed the approval process in all regions and countries except South Africa as of the end of June 2017. Following continued negotiations with the competition authority in that country, the J/V company today obtained approval with conditions requiring measures regarding competition law compliance.
The service commencement schedule for the new company remains unchanged, with operations slated to begin on April 1, 2018.
Inquiries

 
Inquiries can be directed to the following representatives: Kawasaki Kisen Kaisha, Ltd. Masaya Futakuchi, General Manager, Investor & Public Relations Group (TEL: +81-3- 3595-5189) Mitsui O.S.K. Lines, Ltd. Keiichiro Nakanishi, General Manager, Public Relations Office (TEL: +81-3- 3587-7015) Nippon Yusen Kabushiki Kaisha Ushio Koiso, General Manager, Corporate Communication Group (TEL: +81-3-3284-5058)

 
This document includes information that constitutes “forward-looking statements” relating to the success and failure or the results of the integration of Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha. To the extent that statements in this document do not relate to historical or current facts, they constitute forward-looking statements. These forward-looking statements are based on the current assumptions and beliefs of the three companies in light of the information currently available to them, and involve known or unknown risks, uncertainties and other factors. Such factors may cause the actual results to be materially different from the contents of this document with respect to any future performance, achievements or financial position of one or all of the three companies (or the new company after the integration) expressed or implied by these forward-looking statements. Further, the three companies undertake no obligation to publicly update any forward-looking statements after the date of this document.

 
The risks, uncertainties, and other factors referred to above include, but are not limited to:

 
(1) Procedural and practical difficulties accompanying implementation of the integration;
(2) Changes in supply and demand for the market, and changes in market position including changes in the competition environment and relationships with major customers;
(3) Changes in economic conditions in and outside Japan and changes in exchange rates;
(4) Possibility of misappropriation or deletion of personal data or confidential information due to IT failure, cyber-attack, or other reason;
(5) Occurrence of natural or man-made disaster which may have an adverse effect on the employees, offices, key facilities and IT systems of the new joint-venture company after the integration;
(6) Changes in laws and regulations relating to business activities;
(7) Delays in the review process by the relevant competition law authorities or the clearance of the relevant competition law authorities or the inability to obtain other necessary approvals in relation to the integration; and
(8) Difficulty accompanying materialization of synergies or integration effects in the new joint-venture company after the integration.

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Name Change of Two “K” Line Group Ship Management Subsidiaries

As of April 1, 2018, Taiyo Nippon Kisen Co., Ltd. and “K” Line Ship Management Co., Ltd., both of which are “K” Line Group ship management subsidiaries, will change their names to “K” Line RoRo Bulk Ship Management Co., Ltd. and “K” Line Energy Ship Management Co., Ltd., respectively. Utilizing the many years of extensive expertise of these two ship management companies in their respective fields, the entire “K” Line Group is committed to continuously provide even higher quality and more reliable and safer ocean transport services.

Outline of the company

Company name (current) Taiyo Nippon Kisen Co., Ltd.
Company name (new) “K” Line RoRo Bulk Ship Management Co., Ltd.
Address of head office 2-3, Kaigan-Dori 2 Chome, Chuo-ku, Kobe 650-0024, Japan
President Shunichi Arisaka
Offices 3 domestic and 8 overseas offices in 7 countries
Types of managing vessel Car carriers, Dry bulk carriers
Capital 400 million Japanese Yen
Share holder Kawasaki Kisen Kaisha, Ltd. 100%

 

Company name (current) “K” Line Ship Management Co., Ltd.
Company name (new) “K” Line Energy Ship Management Co., Ltd.
Address of head office 1-1, Uchisaiwaicho 2-Chome, Chiyoda-ku, Tokyo 100-0011, Japan
President Toshikazu Saito
Offices 1 domestic and 5 overseas offices in 4 countries
Types of managing vessel Tankers, LPG carriers, LNG carriers

(※ Containerships and Chemical Tankers are managed by Singapore subsidiary.)

Capital 75 million Japanese Yen
Share holder Kawasaki Kisen Kaisha, Ltd. 100%

 

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2018 New Year Message from President Murakami

“Working Together, Let’s Make 2018 the Link to a New Era”

President Eizo Murakami

Eizo Murakam, President & CEO, “K” Line Group

To everyone of the “K” Line Group, I extend my very sincerest wishes for a Happy New Year. As we enter 2018, I would like to take this opportunity to reflect on the past year and offer a look forward to the challenges ahead.

The year 2017 opened with inauguration of a new American president, an event that attracted the world’s attention. Pushing a strong “America First” ideology, President Trump announced the US’s withdrawal from the TPP (Trans-Pacific Partnership) and the Paris Agreement. In Europe, the United Kingdom decided to withdraw from the European Union, with the ruling party losing its majority in the general election, while in Germany, France and the Netherlands, right-wing and anti-EU parties surged forward in national elections. These outcomes demonstrated just how much anti-globalization sentiment there is. How the rise of protectionism will play out is a matter of concern for the shipping industry, which engages in global logistics. At the same time, the situation in the Middle East following the collapse of the radical Islamic State, North Korea’s repeated provocations, and other developments are factors producing geo-political instability.

However, despite the uncertain international situation, the global economy is showing gradual improvement. The United States, Europe and China are showing either accelerating economic growth or economic recovery. Japan, too, is seeing better corporate performance as a result of improvement in overseas economies and a favorable employment environment. With economic activity gathering steam globally, the world’s economic growth rate, which in 2016 fell to its lowest level since the Global Financial Crisis, began moving upwards last year and appears to be gaining momentum.

The “K” Line Group’s business is based on global logistics. Our operations are therefore being directly and indirectly affected by international circumstances and the global economy. In FY2016, two of our major segments, Containership and Dry Bulk Businesses, were buffeted by the stormy

seas of a historical market downturn. However, over the course of this fiscal year, tonnage supply pressure has weakened, while the movement of international marine cargo is robust. Thus, market conditions have bottomed out and are gradually recovering. Our Group’s performance for the first half of FY 2017 successfully moved into the black from last fiscal year, a term that ended in the red. This result can be attributed to our efforts to reinforce our competitiveness through large-scale structural reforms conducted over two consecutive terms—last year and the year before—as well as to improving market conditions. While we may claim that the combined efforts of everyone—executives and employees alike—have finally borne fruit, it also appears that more time will be required before we see substantial recovery in the supply-and-demand balance. We must therefore continue to be prepared for tough times.

Under our medium-term management plan titled “Revival for Greater Strides – Value for our Next Century,” which we announced in April of last year, we are focusing on rebuilding our management foundation into one that can achieve sustainable growth. This effort will continue over the three years leading up to 2019, when we celebrate the 100th Anniversary of our foundation.

The major challenges we have set for ourselves under this medium-term management plan are rebuilding our portfolio strategy, pursuing advanced management and strategy, and enhancing ESG (Environment, Social and Governance) initiatives.

For rebuilding our portfolio strategy, we will strengthen businesses that generate stable earnings as we also nurture next-generation core businesses and strive to achieve revenue stability and growth. In reviewing our portfolio, we will premise our efforts on securing returns that are commensurate with capital cost while managing the total risk by bringing greater sophistication to our risk/return management. Additionally, the pursuit of strategy by function is an important element in the operation of each of our businesses. Here, we will leverage the Group’s collective strength to keep focusing on our customers with proactively incorporating advanced technologies, and develop the professional and diverse human resources that will support those initiatives.

The integration of Containership Business and Overseas Terminal Business by the three major Japanese shipping companies is a first step in our effort to rebuild our portfolio. Our withdrawal from the Heavy-Lifter Business, which we sold last year, was also a result of our taking a new look at how we should manage our overall business in the future. Ocean Network Express (ONE), the new containership company, is scheduled to start its service in April of this year. I believe this new enterprise will deliver the advantages of expansion of scale brought by the integration. I expect it will also achieve greater competitiveness by bringing to bear the best practices of the three companies and demonstrate a strong presence in a containership industry that continues to undergo a paradigm shift. ONE will be an affiliated company accounted for by the equity-method, and thus will have a different operating format. Nonetheless, Containership Business will remain a core segment of our Group, and we will continue to give it our full support.

Even after spinning off our Containership Business, we will work to ensure that the “K” Line Group continues to grow strongly by taking advantage of our high transportation quality and customer base. To that end, our entire Group must become even more integrated and execute each of our business strategies. In each of the businesses that will become the Group’s mainstays —Dry Bulk, Car Carrier, Energy Transportation and Marine Resources Development—we will advance initiatives to expand our revenue stability and develop new business through technological innovation and business model reform. And Logistics Business will succeed the network established by containership business and appropriately meet our customers’ needs. In this way we will strive to shape a new “K” Line Group.

The year 2018 will be the final year before we celebrate our centennial. It also marks 50 years since our first full containership, the first Golden Gate Bridge, began service on the North American route, and is the 50th anniversary of the completion of our first car carrier Toyota Maru No. 1.

Compared to those days, the per-vessel carrying capacity of containerships has grown by 20 times and that of car carriers has grown six-fold. Thus, the size of our business and our business environment has changed greatly in half a century. Nevertheless, status of the shipping business as an important infrastructure that supports people’s lives and the world’s economic activities remains unchanged. With an unwavering sense of pride and responsibility in our important role for society, and so that we may fulfill this responsibility, we must maintain our mental and physical health, as stated in our “Health Declaration,” and demonstrate our strengths to the maximum degree possible.

This spring, we will take a giant step forward as a brand-new “K” Line Group. Moreover, 2018 will be the year in which we solidify our foothold in preparation for the next 100 years.

I believe that, if we steadfastly execute our respective roles and consolidate our strengths as professionals, this one year will become an important link to a new era. Let us all join together on this journey toward a new tomorrow.

In closing, as we celebrate the New Year, I wish all of you, the members of the “K” Line Group and your families, Good Health and Prosperity, and pray that all of our ships will enjoy safe passage throughout 2018.

Eizo Murakami

President & CEO

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“K” Line’s Warehouse and Container Depot Company in Thailand Acquires “ISO 28000 and C-TPAT Certification”

December 27, 2017

We proudly announce that K Line Container Service (Thailand) Ltd. (KCST), an affiliated company of Kawasaki Kisen Kaisha, Ltd. (“K” Line) that operates warehousing and container depots in Thailand, has acquired ”ISO 280001 and C-TPAT2 Certification”, which specifies the requirements for supply chain security management systems. Such warehouse certification by ISO 28000 and C-TPAT is one of very few in Thailand, and KCST is therefore viewed as a pioneer in the country’s local logistics industry.

Since its establishment in 1989, KCST has been providing thorough, high-quality logistics services rooted in the local market. In 2015, KCST opened K Line Bang Phra Logistics Center, an advanced multi-function logistics center combined with container depot, truck depot and warehousing, located near Laem Chabang Port. Now, KCST has grown into a general function logistics company which operates a total of four distribution centers in Thailand. By continuously reinforcing its efforts for providing customers with ‘’Safety and Security’’, KCST succeeded in acquiring ISO 28000 and C-TPAT certificates. We believe this is one of the best ways to demonstrate approval and confidence in the company’s security management.

In continuously responding to diversifying customer needs, the “K” LINE Group is ready to provide the highest level of value added logistics services. Its network in Thailand and other Asian countries is expanding by further augmenting security management of cargo ‘’Safety and Security”. To become “The shipping company of first choice”, the entire “K” LINE group is committed to vigorously pursue the further strengthening of its logistics services, which has broadened into being a core next-generation business in the company’s medium-term management plan.

1.   ISO28000 is an international supply chain security management standard. As part of the precautions against terrorism in logistics systems, functions include overall strengthening of logistics monitoring, reducing or eliminating stowaways and acts of piracy. Those organizations that choose third party certification can further demonstrate that they are contributing significantly to supply chain security.

2.   C-TPAT (Custom-Trade Partnership Against Terrorism) is a customs-trade initiative aimed at building cooperative relationships to prevent terrorism and ensure security. U.S. Customs encourages parties involved in trade with the United States (shipping lines, port operators, inland transporters, manufacturers, cargo owners, warehousemen and others) to participate in C-TPAT. By taking an active role in working and meeting the safety standards involved, C-TPAT partners enjoy a variety of benefits including accelerated custom inspections and examinations.

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K” Line has been selected as the winner of the Container Liner Shipping Award 2017 in Nederland for the 2nd time

December 25, 2017
171225 Container Liner Shipping Award 2017 in Netherlands

LEFT Rogier Spoel of EVO FENEDEX, Middle Steven Lak Chairman EVO FENEDEX, Right Fer Penders Managing Director “K” Line (Nederland) B.V receiving the Award.

It was announced that “K” Line has been selected by EVO FENEDEX* as the winner of the Container Liner Shipping Award 2017.

It is the second time in the 6 years of instalment of this award that “K” Line has been chosen by Dutch Shippers/Entrepreneurs as the best performing Shipping Line.

The selection of the winner of this Award is done by the Shippers/Entrepreneurs based on 26 criteria leading to the best performance this past year.

Important business items as availability, reliability and accuracy are the most important criteria for the service provided by the shipping companies.

“K” Line achieved the highest scores for these criteria and is therefore allowed to call itself “Shipping Company of the year 2017”.

According to EVO FENEDEX it is striking that “K” Line also received the highest scores in the field of digitization and data exchange. EVO FENEDEX sees proof that by means of investments in data exchange a better performance can be achieved and delivered with respect to reliability and accuracy. Digital Exchange of Data between parties in the chain creates lesser opportunities for errors and shorter procedures which increases reliability and accuracy.

* EVO Fenedex is an Entrepreneurs association, a network of Dutch Merchant and Production Companies with a Logistic and International operation.

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“K” Line Awarded Certificate of Appreciation for Supporting Free Ocean Transportation of Books for Children in the Republic of South Africa

171220 Books for Children in the Republic of South Africa

Left: His Excellency Thulani Dlomo, Ambassador Extraordinary and Plenipotentiary Embassy of the Republic of South Africa Right: Mr. Kogure, Executive Officer of “K”Line

Kawasaki Kisen Kaisha, Ltd. (“K” Line) is proud to announce that we were awarded a certificate of appreciation by Embassy of the Republic of South Africa in Japan.

“K” Line Group has been supporting the Mobile Library Project of SAPESI (South African Primary Education Support Initiative) to improve quality of primary education in the Republic of South Africa since 2011. We have provided free ocean transportation of books donated all over the world for children in that country with the total books transported to South Africa through our global network having now reached as many as 164,000.

“K” Line hopes that these books are proving to be helpful for children to continually expand their learning and lead to the realization of their dreams in the future.

 

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“K” Line : Start of Auto Logistics Services for Finished Vehicles in Philippines

Start of Auto Logistics Services for Finished Vehicles in Philippines

In the Philippines, where sales of automobile are remarkable, logistics services for finished vehicles have started operations. K Line Auto Logistics Philippines, Inc. (hereinafter referred to as “KALP”), a joint venture between “K” LINE and local partners, has signed a contract with a major automobile manufacturer and started to work together with them from this November.

In Asia, where automobile sales are becoming active, especially within the ASEAN region, demand for finished car distribution is increasing, such as improving the efficiency of supply chains to transport and sales of imported/manufactured automobiles. In particular, the Philippine’s domestic distribution demand of finished vehicles is increasing, such as new car sales in the Philippines having recorded highest totals for 5 consecutive years. In 2017, an increase of about 16% was also recorded, so KALP will be a service that further responds to local customer needs.

KALP provides High Quality and Value Added services for Import customs clearance, land transportation, storage, and Pre-Delivery Inspection (PDI). Last year, in Vietnam, where growth of new car sales is also remarkable as well, we started total service of logistics for finished vehicles for the first time in that country, and have been providing integrated transportation in cooperation with maritime transportation service by our own Pure Car Carrier (PCC).

In our medium-term management plan, we positioned logistics business as one of our stable and growth businesses, and we are continuing to expand completed Auto Logistics Services. Launching of KALP’s automobile logistics-related service will be the 10th (tenth) country, with service now covering major ASEAN countries. We will continue to make efforts to improve customer satisfaction by utilizing know-how of high-quality transportation cultivated through marine transportation by our PCC fleet.

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