"K" Line

Satoshi Kanamori, Managing Executive Officer at Kawasaki Kisen Kaisha, Ltd. (“K” LINE), presented “K” LINE’s projects regarding CCS (Carbon dioxide Capture and Storage) business developments at the “Japan CCUS Summit” *¹ at Bellesalle Shibuya Garden in Tokyo, Japan on October 17.

In this presentation, he introduced “K” LINE’s initiatives for the establishment of CCS value chain through the Northern Lights Project*² the world’s first full-scale CCS value chain project, and Offshore Sarawak CCS Project*³, which was selected as “Japanese Advanced CCS Project” by the Japan Organization for Metals and Energy Security (JOGMEC).

Also, in the panel discussion, he discussed the prospects and challenges towards the establishment of CCS value chain based on the theme “Enhancing the CCUS Infrastructure and Transportation to Consolidate the Development of Its Supply Chain” with other speakers who engage in CCS projects in the world.

“K” LINE group is promoting a variety of initiatives to support the decarbonization of its own operations and society in accordance with its long-term environmental policy, “Environmental Vision 2050”. The knowledge gained through “K” LINE’s advanced liquefied CO2 transport projects will be utilized in the development of projects with liquefied CO2 shipping that will sequentially begin to operate in Japan and overseas in the future with the aim of realizing a sustainable society and increasing “K” LINE’s corporate value.

(*1) 「Japan CCUS Summit」

https://www.japanccussummit.com/

(*2)  February 6, 2024: “K” LINE enters into charter contracts with Northern Lights for third liquefied CO2 vessels:

https://www.kline.co.jp/en/news/carbon-neutral/carbon-neutral-20240206.html

(*3) September 13, 2024: Commission a CCS engineering design work in Sarawak, Malaysia as the “Japanese Advanced CCS Projects” in FY2024

https://www.kline.co.jp/en/news/carbon-neutral/carbon-neutral-20240913.html

On October 10th, 2024, Kawasaki Kisen Kaisha, Ltd. (“K” LINE) carried out “the Emergency Response Exercise” as a part of training to optimally prepare for any major maritime accidents. The scenario of the exercise developed assuming that a coal carrier operated by “K” LINE collided with a tanker when she was transiting in the Tsugaru Straits. It confirmed a series of emergency response process by setting crisis-management headquarters upon receiving an incident report, establishing communication channel with ship owner, ship management company and conducting a mock press conference at the end of the exercise. During the press conference, journalists asked many questions, creating a tense atmosphere to a real conference.

While growing interest in safety and environmental protection over the world, “K” LINE Group positions the safe operation of vessels as the top priority in fulfilling its social responsibility as a shipping company. Moving forward, it will continue to contribute to society by preparing for unforeseen circumstances through large-scale accident response drills and by ensuring daily safe operations of its vessels.

The Typhoon Yagi, which made landfall in northern Vietnam on September 7, caused severe damage to the area. We would like to pray for the repose of the souls of those who lost their lives and express our deepest sympathy to those affected by the disaster.

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has decided to provide a monetary donation of 2 million yen through the Vietnam Red Cross Society toward relief efforts in the areas damaged by the Typhoon.

We sincerely wish for the earliest recovery of the disaster-stricken areas.

Delivery of geo-survey vessel EK HAYATE to Japan

“K” Line Wind Service (KWS), a joint venture between Kawasaki Kisen Kaisha, Ltd. (“K” LINE KINKAI) and Kawasaki Kinkai Kisen Kaisha, Ltd., and EGS Survey (EGS) have established a joint venture company, EK Geotechnical Survey LLC (EKGS) to service the offshore marine geo-survey sector. EKGS is determined to provide various offshore survey services to meet growing demand in the sector, which is expected to increase with the development of offshore wind power in Japan and regionally. In September 2024, the geotechnical survey vessel EK HAYATE, owned by EKGS, entered into service as a Japanese-flagged vessel capable of providing offshore drilling, sampling and in-situ testing. Furthermore, EKGS has recently completed its first survey project for the Happo Town and Noshiro City Offshore Wind Power Project in Akita Prefecture. The survey was supported by group entities from both parties and the final geo-data deliverables were provided to client, OYO Corporation, on program.

KWS proactively supports the supply chain development for expanding offshore wind power generation with the accumulated experience of Kawasaki Kisen Kaisha, Ltd. and Kawasaki Kinkai Kisen Kaisha, Ltd. in the offshore support vessel business overseas and in Japan. Recognizing the lack of supply of geotechnical survey vessels in Japan, a joint venture initiative was developed with EGS Group, which has strong global track record in offshore geo-survey. By coupling the resources and know-how of both companies, EKGS will participate in the offshore survey sector in Japan and internationally in pursuit of a carbon-neutral society.

Corporate Profile

Company Name :  EK Geotechnical Survey LLC

Address :   2-1, Kasumigaseki 3-chome, Chiyoda-ku, Tokyo

Shareholders  :   KWS 50%, EGS 50%

Executive Manager  : Teruki Kuramoto

Target Work Scope :  Geo-survey required for offshore wind farms and associated infrastructure

Experience :   Cable route survey for the Happo Town and Noshiro City Offshore Wind Power Generation Project, Akita Prefecture

KWS

KWS is a joint venture between “K” LINE and  (“K” LINE KINKAI) and has been functioning, since its establishment in 2021, as a business platform of “K” LINE Group for any vessel and transportation business around Offshore Wind projects in order to contribute to the offshore wind development to reach carbon neutrality in Japan by 2050. KWS will continue to provide offshore support vessel services with “K” LINE Group’s fleet and further expand the expertise to various types of offshore wind vessels.

EGS Survey

EGS Survey Pte Ltd is part of the EGS Group. Founded in 1974, EGS is a geo-survey company with offices around the world, including Asia, Australia, Americas, Europe and the Middle East. EGS provides marine geo-survey services for offshore infrastructure development including renewable energy, oil and gas and telecommunications and has a strong reputation for professional integrity in data acquisition, analysis and reporting. In Japan’s coastal waters, EGS has over 20 years of track record of geo-survey for submarine telecommunication cables.

Satoshi Kanamori, Managing Executive Officer at Kawasaki Kisen Kaisha, Ltd. (“K” LINE), presented “K” LINE’s initiatives regarding CCS (Carbon dioxide Capture and Storage) business developments during CCUS WORLD for the 22nd SMART ENERGY WEEK (Autumn 2024) *¹, held between October 2 and 4 at Makuhari Messe in Chiba, Japan.

In this presentation, he introduced “K” LINE’s initiatives in the Northern Lights Project *² the world’s first full-scale CCS value chain project, and the Offshore Sarawak CCS Project*³, which was selected as an Advanced CCS Project by the Japan Organization for Metals and Energy Security (JOGMEC). A lively discussion was also held with attendees.

“K” LINE’s booth will be on display at booth E23-52 until October 4. Please stop by if you visit the expo.

“K” LINE group is promoting a variety of initiatives to support the decarbonization of its own operations and society in accordance with its long-term environmental policy, “Environmental Vision 2050”. The knowledge gained through “K” LINE’s advanced liquefied CO2 transport projects will be utilized in the development of projects with liquefied CO2 shipping that will sequentially begin to operate in Japan and overseas in the future with the aim of realizing a sustainable society and increasing “K” LINE’s corporate value.

(*1)       September 12, 2024: “K” LINE to Exhibit at CCUS WORLD for the 22nd SMART ENERGY WEEK (Autumn 2024)

https://www.kline.co.jp/en/news/carbon-neutral/carbon-neutral-20240912.html

(*2)       February 6, 2024: “K” LINE enters into charter contracts with Northern Lights for third liquefied CO2 vessels:

https://www.kline.co.jp/en/news/carbon-neutral/carbon-neutral-20240206.html

(*3)       September 13, 2024: Commission a CCS engineering design work in Sarawak, Malaysia as the “Japanese Advanced CCS Projects” in FY2024

https://www.kline.co.jp/en/news/carbon-neutral/carbon-neutral-20240913.html

Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo, President & CEO: Yukikazu Myochin, hereinafter ““K” LINE”) and Kamigumi Co., Ltd. (Head office: Kobe City, Hyogo, President & CEO: Yoshihiro Fukai, hereinafter “Kamigumi”) announce today that it was agreed that “K” LINE will establish a holding company that will become the parent company of “K” LINE LOGISTICS, LTD. (hereinafter “K” LINE LOGISTICS) to which “K” LINE will transfer all of the shares of “K” LINE LOGISTICS held by “K” LINE, and assuming the approvals and licenses from the relevant authorities are granted and relevant procedures have been made, “K” LINE will transfer 47% of the total shares of the holding company to Kamigumi.

1. Target Consolidated Subsidiary of “K” LINE – “K” LINE LOGISTCS, LTD.

2. Purpose – Since its establishment in 1960, “K” LINE LOGISTIC has been providing international logistics services, including forwarding, for more than 60 years, and plays an important role as a core company in the logistics business of the “K” LINE Group. Through this capital alliance, we aim to achieve further growth in domestic and overseas markets by collaborating making full use of both the global network of logistics services built up by “K” LOGISTICS and abundant logistics know-how and sales assets of Kamigumi, strengthening the functions of contract logistics, and providing high-quality and more diverse logistics services to customers.

3. Schedule – September 27, 2024 (Fri). Conclusion of the Share Transfer Agreement between “K” LINE and Kamigumi – April 1, 2025 (Tue）（Plan） Execution of the Share Transfer

4. Outline of the Holding Company

5. Outline of the Target Company （as of March 31, 2024）

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that “TEXAS HIGHWAY,” a car carrier currently under its operation, has been given a notation from Nippon Kaiji Kyokai (ClassNK). This notation means that additional fire-fighting measures have been implemented for the ocean transportation of battery electric vehicles (BEVs). *¹

“K” LINE has worked to strengthen its initiatives towards safer car transport. As a part of this, “K” LINE has developed and implemented a car firefighting manual for all vessels, which also applies to BEVs. This notation was given in response to this and other initiatives towards improvements in safety during transport.

“K” LINE plans to obtaining and apply some notations for other vessels operated by it. “K” LINE will continue to further improve measures against fires and work for greater safety in navigation and cargo operations as a marine transport company chosen by customers.

*1 Notation (vessel classification)
A notation given to vessels and systems that meet the requirements of vessel classification organization.

This time, it has been given the notation for Additional Fire-Fighting Measures for Vehicle Carrier (Fire Fighting)(Electric Vehicle)

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) will exhibit a booth at CCUS WORLD in the 22nd SMART ENERGY WEEK (Autumn 2024) from October 2 to 4, 2024.

“K” LINE is working on new business areas that will contribute to the decarbonization of society by utilizing the abundant experience and expertise we have cultivated in the shipping industry, based on the “K” LINE Environmental Vision 2050 – Blue Seas for the Future*¹. In the Carbon dioxide Capture and Storage (CCS) business field, “K” LINE will start Liquefied CO₂ transportation for Northern Lights Project*², the world’s first full-scale CCS value chain project this fiscal year. “K” LINE is also participating, as the only international shipping company, in the development of the Cross-border CCS project that was selected as an Advanced CCS Project*³ by the Japan Organization for Metals and Energy Security (JOGMEC) and advancing studies on CCS project to inject and store CO2 emitted in Japan in offshore Malaysia.

“K” LINE plans to display our activities in the CCS field at CCUS WORLD through panels, video, holograms of LCO2 carrier, and so on. Please stop by and visit the booth. “K” LINE will also deliver a speech entitled, “K” LINE’s Initiatives in the CCS Field, to be held at 1:30 pm, Wednesday October 2, in CCUS WORLD Seminar Room.

Exhibit Overview

Exhibit Name:                  CCUS WORLD – the 22nd SMART ENERGY WEEK (Autumn 2024)

Sponsor:                             RX Japan Ltd.

Dates:                                  Wednesday, October 2, 2024 to Friday, October 4, 2024

Venue:                                 Makuhari Messe, Japan

Booth Location:              E23-52

PR Seminar Overview

Date:                                    Starting Wednesday, October 2, 2024, from 1:30 pm

Venu:                                    CCUS WORLD Seminar Room in the hall No.8

Speaker:                             Satoshi Kanamori, Managing Executive Officer, Kawasaki Kisen Kaisha, Ltd.

Seminar Title:                  “K” LINE’s Initiatives in the CCS Field

Prior Registration:          Not required (registration required to enter the exhibit)

Official Exhibit Website

https://www.wsew.jp/hub/en-gb/about/ccus.html

*1.          The “K” LINE Environmental Vision 2050: Blue Seas for the Future:
https://www.kline.co.jp/en/sustainability/environment/management.html

*2.          February 6, 2024: “K” LINE enters into charter contracts with Northern Lights for third liquefied CO₂ vessels:
https://www.kline.co.jp/en/news/carbon-neutral/carbon-neutral-20240206.html

*3.          About Advanced CCS Projects:
Nine role model projects were selected as Japanese Advanced CCS Projects in 2024. These projects are supported by the Ministry of Economy, Trade and Industry (METI) and JOGMEC with the goal of supporting the entire value chain, from CO2 separation to collection, transport, and storage. Both METI and JOGMEC aim to launch CCS projects by 2030.
https://www.jogmec.go.jp/english/news/release/news_10_00072.html

Feasibility study on a large-scale floating vertical axis wind turbine

Albatross Technology Inc.

Electric Power Development Co., Ltd.

Tokyo Electric Power Company Holdings, Inc.

Kawasaki Kisen Kaisha, Ltd.

Sumitomo Heavy Industries Marine & Engineering Co., Ltd.

A consortium of five companies—Albatross Technology Inc. (Albatross), Electric Power Development Co., Ltd. (J-POWER), Tokyo Electric Power Company Holdings, Inc. (TEPCO HD), Kawasaki Kisen Kaisha, Ltd. (“K” LINE), and Sumitomo Heavy Industries Marine & Engineering Co., Ltd. (wholly owned by Sumitomo Heavy Industries, Ltd., SHI-ME)—has been selected to conduct a feasibility study on large-scale floating vertical axis wind turbines as part of the New Energy and Industrial Technology Development Organization’s (NEDO) public call for projects to develop next-generation technologies that help promote the adoption of floating offshore wind power.

As Japan pushes to make renewable energy a primary power source, expectations for offshore wind power are high. Given the limited shallow coastal waters around Japan, there is a pressing need to commercialize floating offshore wind technology.

This feasibility study aims to verify the viability of large-scale commercial vertical axis (floating axis) wind turbines, where both the turbine and floating foundation rotate together, as a game-changing next-generation technology for floating offshore wind turbines. The consortium will conduct design work toward obtaining basic design approval. Large-scale vertical axis wind turbines can achieve efficiency comparable to conventional (horizontal axis) wind turbines, while also enabling the use of smaller and more cost-effective floating structures. Furthermore, as they can be produced using nearly the same design regardless of differences in water depth or seabed conditions, it is expected that mass deployment will also lead to cost reductions.

Leveraging each company’s respective expertise, the five companies will collaborate on developing floating axis wind turbines, aiming to establish offshore wind power as a primary energy source and contribute to the realization of a carbon-neutral society.

Reference: Press release dated May 30, 2023

“Joint Research Agreement Signed for Next Generation (Floating Axis) Small-scale Offshore Wind Turbine Demonstration Project”

https://www.jpower.co.jp/english/news_release/pdf/news230530e.pdf

Company Role

Subcontractors

Fukui Fibertech Co., Ltd.: Development of continuous FRP molding technology

Innovative Composite Materials Research and Development Center (ICC) at Kanazawa Institute of Technology: Development of continuous FRP assembly technology

GH Craft Ltd.: Design of high-strength, lightweight composite materials

“K” Line Wind Service, Ltd.: Verification of offshore wind-related operations using vessels

Division of Global Architecture, Graduate School of Engineering, Osaka University: Analysis of floating foundation motion characteristics

Chubu University: Lightning protection measures

Graduate School of Engineering, The University of Tokyo: Life cycle assessment of CO₂ emissions and economic efficiency

Institute of Industrial Science, The University of Tokyo: Prediction of marine environmental impacts

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

Mitsui O.S.K. Lines, Ltd. (MOL)

Nippon Yusen Kabushiki Kaisha (NYK Line)

Mitsubishi Shipbuilding Co., Ltd.

Imabari Shipbuilding Co., Ltd.

Japan Marine United Corporation (JMU)

Nihon Shipyard Co., Ltd.

• “K” LINE, MOL, NYK Line, Mitsubishi Shipbuilding, Imabari Shipbuilding, JMU, and Nihon Shipyard have started a joint study to establish standard specifications and designs for liquefied CO₂ (LCO₂) carriers.
• In the future, they will also consider designing, developing, and building new fuel ships using decarbonization technologies like ammonia fuel.

“K” LINE (President: Yukikazu Myochin, Headquarters: Chiyoda-ku, Tokyo), MOL (President: Takeshi Hashimoto, Headquarters: Minato-ku, Tokyo), and NYK Line (President: Takaya Soga, Headquarters: Chiyoda-ku, Tokyo) have started a joint study with Mitsubishi Shipbuilding (President: Shin Ueda, Headquarters: Minato-ku, Tokyo), Imabari Shipbuilding (President: Yukito Higaki, Headquarters: Imabari City, Ehime), JMU (President: Nobuyuki Nada, Headquarters: Yokohama City, Kanagawa), and Nihon Shipyard (President: Kiyoshi Higaki, Headquarters: Chiyoda-ku, Tokyo), which is a joint venture between Imabari Shipbuilding and JMU, to establish standard specifications and designs for LCO₂ carriers.

As the demand for LCO₂ carriers is expected to grow in various CCS (Carbon dioxide Capture and Storage) projects that transport CO₂ collected in Japan to storage sites by sea, it is necessary to build and supply LCO₂ carriers stably within Japan to realize the CCS value chain and improve economic efficiency. Therefore, the seven companies have agreed to conduct a joint study to establish standard specifications and designs for LCO₂ carriers and to establish a construction supply chain.

This study will focus on LCO₂ carriers and aim to enable construction at other shipyards in Japan as well. Additionally, they plan to collaborate widely with industry stakeholders, including other shipyards that share the same awareness of the issues, to contribute to the further progress of a decarbonized society by developing low emission ships using decarbonization technologies (such as ammonia fuel).