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"K" Line

Delivery of ‘Corona’ Series Coal Carrier “CORONA DYNAMIC”

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “CORONA DYNAMIC,” a 91,000 DWT-type special coal carrier at Oshima Shipbuilding Co., Ltd. on July 11, 2019.

 CORONA DYNAMIC 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 Japanese Thermal Power Stations to discharge cargo.

 CORONA DYNAMIC is equipped with latest energy-saving and ecological technology such as Advanced Flipper Fins and Rudder Bulb which promote her propeller efficiency as well as ballast water management system which saves marine ecosystem.

CORONA DYNAMIC will be principally involved in long-term service carrying thermal coal to Hokuriku Electric Power Company’s Thermal Power Plant.

Vessel’s Specifications      
 LOA 234.99 M Deadweight Tons 91,881 MT
 Beam 43.00 M Gross Tons 52,128   T
 Depth 18.40 M Net Tons 28,945   T
 Full Draft 12.885 M Hold/Hatch 5/5
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“K”Line Selected for Leading Global ESG Indices, including FTSE4Good Index Series and FTSE Blossom Japan Index

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has been selected again as a constituent of the “FTSE4Good Index Series”, one of the leading global indices for ESG investing (*), for the 17th consecutive year since its initial inclusion in 2003 and “FTSE Blossom Japan Index” for three consecutive years since 2017.

FTSEFTSE4Good Global Index is an index developed by FTSE Russell, wholly owned subsidiary of London Stock Exchange Group, whose constituents are selected by measuring their performance in terms of management and information disclosure utilizing globally-recognized Environmental, Social and Governance (ESG) standards (1,034 companies selected world-wide, including 175 Japanese companies). FTSE Blossom Japan Index reflects the performance of Japanese companies that demonstrate strong ESG practices (179 companies selected). This index has been adopted as a benchmark of ESG investing by Government Pension Investment Fund (GPIF) in Japan.  4Good Global Index is an index developed by FTSE Russell, wholly owned subsidiary of London Stock Exchange Group, whose constituents are selected by measuring their performance in terms of management and information disclosure utilizing globally-recognized Environmental, Social and Governance (ESG) standards (1,034 companies selected world-wide, including 175 Japanese companies). FTSE Blossom Japan Index reflects the performance of Japanese companies that demonstrate strong ESG practices (179 companies selected). This index has been adopted as a benchmark of ESG investing by Government Pension Investment Fund (GPIF) in Japan.  

In addition, we have also been selected as a constituent of the “MSCI Japan Empowering Women Index” (WIN, 224 companies selected) and “S&P/JPX Carbon Efficient Index (1,733 companies selected). Those indices have also been adopted by GPIF as a benchmark of ESG investing.

We have raised ESG as one of the important initiatives in our medium-term management plan. We will continue striving to fulfill our social responsibility through our business activities and contribute to sustainable progress of the society.

*ESG investing describes an investment strategy which takes account of enterprises’ social, ethical and environmental aspects as well as financial performance.

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“K” Line – Commencement of long-term voyage contract for Emirates Global Aluminium

“K”Line  Group has long-term voyage contract with Emirates Global Aluminium(EGA) to carry Bauxite in bulk by capesize vessels, and the first vessel(MV Cape Taweelah) arrived at Port Khalifa, UAE on 23rd June 2019 from loading port at Kamsar, Guinea.

Upon her arrival an inaugural ceremony was held by EGA, where Mr.Abdulla Kalban Managing Director & CEO of EGA, Mr.Abdullah Humaid Al Hameli Executive Vice President of Corporate and Acting CEO of Abu Dhabi Ports, Mr. Atsuo Asano Representative Director of “K”Line and many concerned parties celebrated the first memorable arrival of this fully-laden capesize vessel at GCC port.

EGA is equally-owned by Mubadala Investment Company of Abu Dhabi and the Investment Corporation of Dubai, which is the largest industrial company in UAE outside the oil and gas industry and the largest company jointly owned by the two Emirates. EGA began production at its new Al Taweelah Alumina refinery in April. Alumina refineries process Bauxite ore into Alumina, the feedstock for Aluminium smelters.

“K”Line shall provide the safe and competitive service of the seaborne transportation for the customers’ project.

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“K” Line, Taipower, U-Ming, and Kuang Ming to Establish New Joint Venture Shipping Company in Taiwan

Kawasaki Kisen Kaisha, Ltd. (hereinafter “K” Line), Taiwan Power Company (hereinafter Taipower), U-Ming Marine Transport Corporation (hereinafter U-Ming), and Kuang Ming Shipping Corporation (hereinafter Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understanding(MOU)in Taipei, Taiwan on July 1. This new joint venture will own both coal and LNG carriers, and operate them for transporting these raw materials to Taipower.

With respect to managing and transporting coal and LNG, “K” Line has accumulated an abundance of experience and specialized skills.  We, therefore, will devote ourselves to contribute to the safety of Taiwan’s energy requirements by providing our many years of accumulated know-how in ship management and safe ship operations to this new joint venture.

Overview of Joint Venture Company

 (1) Name To be decided
 (2) Date of establishment           October 2020 (planned)
 (3) Location  Taipei, Taiwan
 (4) Business activities Ownership and operation of coal and LNG carriers
 (5) Capital  NT$1 billion (approximately 3.6 billion yen)
 (6) Investment ratio Taipower: 40.0%
U-Ming: 32.5%
Kuang Ming: 20.0%
“K” Line:  7.5%
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“K” Line Receives Recognition for Vessel Speed Reduction Programs in the West Coast of North America

Kawasaki Kisen Kaisha, Ltd. (“K” Line) is pleased to announce that National Ocean and Atmosphere Administration (NOAA) has honored “K” Line with a gold award for the company’s participation with the high level of compliance rate during 2018 voluntary Vessel Speed Reduction (VSR) Incentive program.

The program aims to protect whales in Santa Barbara Channel and San Francisco Bay Area, and calls for vessels’ speed reduction sailing these waters.

We have been participating in this program since last year and have been highly evaluated for the eco-friendly slow steaming of our car carrier vessels in the waters between July and November last year.

In addition, at the Port of Long Beach, we have been commended for the program called ”Green Flag Program” by the port authority for fourteen consecutive years since 2005, which is asking vessels to reduce its speed within 40 nautical miles (about 74 kilometers) from the port in order to prevent air pollution. In 2018, we achieved a high compliance rate of over 90% for vessels’ slow steaming.

“K” Line Group continues its focus on contributing to environmental and biodiversity conservation through its active participation in environmental initiatives taken by port authorities around the world in order to fulfill our mission to hand down a sustainable society as well as this blue and beautiful ocean to the next generation under “K” Line Environmental Vision 2050.

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Installation of “Seawing”, an automated kite system utilizing natural energy

~ Social contribution by reducing environmental load ~

We have decided to install the automated kite system “Seawing” * 2 developed by AIRSEAS * 1 which was spin off from AIRBUS SE, the major aircraft manufacturer, to a large bulk carrier owned by our company.

“Seawing” is mounted on the bow of the vessel and is unfolded by simple operation from the bridge under certain conditions of wind power and wind direction, and assists propulsion power of the vessel with utilize wind force effectively.

In the installation of this system, we carry out intense assessment “Seawing” performance and innovative technology for two years under the close cooperation of AIRSEAS, and confirm that this system can greatly contribute to the reduction of the environmental load associated with the ship’s operation. In a case, the bulk carrier can reduce emissions by more than 20%, about 5,200 tons of CO2 annually.
In addition, we and AIRSEAS cooperate on further improvement of their solution by utilizing the operation and performance data obtained from the ship operation and performance management system “Kawasaki Integrated Maritime Solutions”*3 installed in our fleet vessels.

We will continue to work on CSR activities for environmental friendly to achieve the target of “K” LINE Environmental Vision 2050*4 and the GHG reduction of IMO, through the studies, developments and installations various environmental improvement technologies such as “Seawing”.

*1: AIRSEAS

AIRSEAS as a spin-off of AIRBUS combines aeronautical know-how in modelling and control laws with maritime technology to bring a game changing energy efficiency solution to shipping.

*2: Seawing

Seawing combines aeronautical know-how with maritime technology to create a breakthrough in the maritime transportation sector. A simple switch launches or recovers the kite which unfolds, operates and refolds autonomously. The system collects and analyses meteorological and oceanic data in real-time. Seawing adapts to this information in order to optimize its performance as well as to ensure maximum safety.

*3: Kawasaki Integrated Maritime Solutions

 Integrated vessel operation and performance management system.

https://www.kline.co.jp/en/news/other/other3295047094663452046.html

*4: “K” LINE Environmental Vision 2050

https://www.kline.co.jp/en/csr/environment/management.html#002
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“K” Line Announce the delivery of Coal Carrier “MIYAGAWA MARU” for JERA Global Markets Pte. Ltd.

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “MIYAGAWA MARU,” a 100,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on 21 May 2019.

MIYAGAWA MARU was jointly developed by Imabari Shipbuilding and “K” Line to maximize transport volume to the discharging port, JERA’s Hekinan Thermal Power Plant, Aichi prefecture in Japan. MIYAGAWA MARU is so-called “Hekinan MAX.”

MIYAGAWA MARU is equipped with latest ecological technology turbocharger such as VTI (Variable Turbine Inlet) which optimizes energy-saving plus a ballast water management system that prevents damage to marine ecosystems.

MIYAGAWA MARU will be principally involved in long-term service carrying thermal coal to JERA’s Thermal Power Plant for JERA Global Markets Pte. Ltd.

Vessel’s Specifications      
LOA 249.99 M  Deadweight Tons 101,974 MT
Beam 43.00 M  Gross Tons 57,841 T
Depth 18.70 M  Net Tons 31,511 T
Full Draft 12.994 M  Hold/Hatch 6/6
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“K” Line Wins Prize at Panama Green Shipping Award 2019

Kawasaki Kisen Kaisha, Ltd. (hereinafter referred to as “K” Line) being highly regarded for its various environmental conservation measures beginning with construction and operation of the eco-flagship, “Drive Green Highway” completed in 2016 (Note 1), has received the Panama Green Shipping Award 2019 at the opening ceremony in “Panama Maritime XIV (the 14th) World Conference and Exhibition” (Note 2) on March 17, 2019.

Mr. Shimogaki, V.P. from “K” Line Mexico, participated in the awards ceremony as  representative of the entire “K” Line group, and received the Award from Mr. Kitack Lim, Secretary General of IMO, International Maritime Organization.

In our Medium-term Management Plan, we define ESG (Environment, Social & Governance) initiatives as a key management issue. With respect for the environment, we are pursuing measures in line with “K” LINE Environmental Vision 2050 – Securing Blue Seas for Tomorrow (Note 3) that is our long-term environmental vision formulated in 2015. We are honored and proud of the various activities being highly evaluated in connection with our 2015 vision.

As an environmental front runner, we will continue to aim for the realization of being a business that enables a greater number of people around the world to enjoy the advantage of marine transportation characterized by a lower environmental load and higher efficiency. 

(Note 1)

“Drive Green Highway” : Please refer to the following link –  https://www.kline.co.jp/en/feature02.html

(Note 2)

“Panama Maritime XIV (the 14th) World Conference and Exhibition”, big international marine conference and exhibition that has been held every two years in Panama City since 1991, this being 14th year(held from March 17-20).

Organizers are “The Maritime Chamber of Panama” and “The Panamanian Maritime Law Association (APADEMAR).”

Supported by other marine organizations, including “Panama Maritime Authority” and “Panama Canal Authority,” the Organizers Committee awards groups and individuals that have made excellent achievements in the maritime field.

Please refer to following links for Panama Maritime World Conference and Exhibition –  http://panamamaritimeworld.com/panama-maritime-2019   https://www.facebook.com/PanamaMaritimeConference/

(Note 3)

“K” LINE Environmental Vision 2050 :  Please refer to following link –   https://www.kline.co.jp/en/csr/environment/vision.html

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“K”LINE Press Release – Notice on Provision for Losses and Extraordinary Losses from Business Structural Reforms, and Revised Forecast of Financial Results for Fiscal Year 2018

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

Please click the following addresses to read our reports.

Notice on Provision for Losses and Extraordinary Losses from Business Structural Reforms, and Revised Forecast of Financial Results for Fiscal Year 2018.

https://www.kline.co.jp/en/news/ir/auto_20190307487356/pdfFile.pdf

Supplementary report

https://www.kline.co.jp/en/news/ir/irnews-201903071500-en/main/0/link/20190307_Supplementary%20Explanation%20Material%20EN.pdf

If you cannot open the URL please access via our Website.

http://www.kline.co.jp/en/
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“K” Line announce the Launching of a 200,000-dwt Bulk Carrier “CAPE SAPPHIRE”

Today, at the Marugame business headquarters Imabari Shipbuilding Co., Ltd., the 200,000-dwt ton Cape size bulker “CAPE SAPPHIRE” has been completed.

The ship is compliant with the Common Structural Rules for Bulk Carrier (CSR-BC) for bulk cargo ships, and the main institution is equipped with an electronically controlled engine with enhanced anti-corrosion measures, in order to save energy, we have installed WAD (Weather Adapted Duct) in front of the propeller and Hybrid Fin behind the propeller.

Furthermore, for complying with the regulation of SOx Global Cap that will be enforced in all sea areas from January 2020, the vessel is equipped with a scrubber on the funnel to remove sulfur oxides from the gas discharged from the engine, it is a state-of-the-art ship that gathers world-class technology among Cape size bulkers and she will be engaged in iron ore and coal transport for Japanese steel mill.

With a large number of vessels from various types with various sizes – from very large to small -, “K” Line offers its customers a unique range of transport services. “K” Line will remain committed to flexibly and actively responding diversifying needs for shipments of ore and other iron-bearing raw materials.

Vessel Particulars

LOA                      :           299.95M

Width                  :           50.00M

Depth                  :           24.70M

Draft                    :           18.32M

Deadweight      :           208,564T

Gross Ton          :           107,454T

Main Engine     :           MES MAN-B&W 6G70ME-C9.5

Speed                   :           14.5KTS

Class                     :           NK

Flag                      :           Japan

Builder                :           Imabari Shipbuilding Co., Ltd.

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