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"K" Line

“K” Line Selected as an Index Component by Dow Jones/RobecoSAM for 9th Consecutive Year

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 9th consecutive year since 2011.

DJSI, jointly operated by S&P Dow Jones Indices LLC of the United States and Robeco SAM AG of Switzerland, 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 148 companies in the Asia-Pacific developed region (including 76 Japanese companies) as components, as a result of sustainability assessment of 600 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 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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Delivery of Coal Carrier “CORONA CITRUS” for Electric Power Development Co., Ltd.

Coal Carrier ‘CORONA CITRUS’

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “CORONA CITRUS,” an 88,000 DWT-type special coal carrier at Marugame Headquarters of Imabari Shipbuilding Co., Ltd. on 11 September 2019. 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 CITRUS is equipped with WAD (Weather Adapted Duct) in front of the propeller which promotes her propeller efficiency and Hybrid Fin behind the propeller which accelerates energy savings. She also has the latest ecological technology such as ballast water management system which protects marine ecosystems, and SOx Scrubber which eliminates sulfur oxides from exhaust gas of engine and enables her to comply with the Global regulation of SOx starting from January, 2020.

CORONA CITRUS will be principally involved in carrying thermal coal to Thermal Power Plants for Electric Power Development Co., Ltd.

Vessel’s Specifications

LOA – 229.98 M

Beam – 38.00 M

Depth – 19.90 M

Full Draft – 13.904 M

Deadweight Tons – 88,703 MT

Gross Tons – 49,888 T

Net Tons – 28,505   T

Hold / Hatch – 5/5

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“K” Line : Cooperation with “ZERO EMISSION TOKYO” ~ Donation of CO2 Reduction Credit ~

In order to cooperate with project “Zero Emission Tokyo” (note 1) which aims for not emitting CO2 that is being tackled by Tokyo Metropolitan Government (TMG), on Sept. 6, “K” Line offered 3,628 tons of CO2 reduction credit which is based on the “Tokyo Cap-and-Trade Program” (note 2) as a donation to TMG. Please see website of TMG’s Environment Bureau (note 3) for details about the project.

In our medium-term management plan, we have set ESG (Environment, Society and Government) initiatives as a key management issue. As for the field of the environment, we are advancing measures in accordance with “K” LINE Environmental Vision 2050 – Securing Blue Seas for Tomorrow- (note 4). In particular, with regard to tasks for climate change, “CO2 emission reduction of 25% by 2030” which is set in our “K” LINE Environmental Vision 2050, was approved to be scientifically consistent with the level achieving the “Paris Agreement” set binding “2℃ goal” for rise of global temperature and obtained certification (note 5).

In addition, we started activities for promoting the environmental management system “DRIVE GREEN NETWORK (DGN)” (note 6) with 14 affiliates of the “K” Line Group (Phase 1) in 2017, and we have expanded its range to cover our major overseas companies as Phase 3 during our 100th Anniversary this year.

As an environmental front runner, we will continue to work toward the goal for 2050, aiming for the realization of our marine transportation business being more environmentally low-loaded and highly efficient from which more people throughout the world can benefit.

(note 1) A vision set out by Tokyo Metropolitan Government (TMG): “Zero Emission Tokyo” which aims to make Tokyo a city that does NOT emit CO2 substantially in 2050 by following up 1.5℃ IPCC special report.

(note 2) A program that TMG imposes a duty to reduce CO2 emission below their own requirement for major-scale businesses (which usage of fuel, heat and electricity calculated as crude oil is more than 1,500 KL per year); giving them permission to make a deal with others by credits which reduce CO2 more than the amount of their duty.

(note 3) Website: Bureau of Environment Tokyo Metropolitan Government

http://www.kankyo.metro.tokyo.jp/en/climate/index.html

(note 4) ”K” LINE Environmental Vision 2050 – Securing Blue Seas for Tomorrow-:CO2 emission by 50% for 2050 as one of the goals

https://www.kline.co.jp/en/news/other/other2292932378768149328.html

(note 5) “K” Line’s CO2 Reduction Target Certified as “Science Based Target (SBT)”(News Release: Feb. 14, 2017)

https://www.kline.co.jp/en/news/other/other6417039574512811908.html

(note 6) DGN: “K” LINE REPORT 2018 P.38 (*2019 version is coming soon)

https://www.kline.co.jp/en/ir/library/report/main/01111/teaserItems1/00/file/KLINE%20REPORT2018E-S.pdf

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Japan’s first Pure Car Carrier “TOYOTA MARU No.10” Awarded “Ship Heritage” Recognition

TOYOTA MARU No.10, which was owned and operated by Kawasaki Kisen Kaisha, Ltd. (“K” LINE), has been selected by the Japan Society of Naval Architects and Ocean Engineers (JASNAOE) through their “Ship Heritage” project in recognition of it having been Japan’s first Pure Car Carrier (PCC). JASNAOE first introduced the “Ship Heritage” project in 2017 with the goal of honoring and giving recognition to vessels and vessel-related items that have historical, academic and/or technical value, as well as promoting public recognition of their being viewed as symbols of cultural heritage to be passed along to future generations. TOYOTA MARU No.10, which was built by Kobe Works of Kawasaki Heavy Industries, Ltd., and launched on July 9, 1970, was Japan’s first Pure Car Carrier (PCC) designed exclusively for the ocean transport of completed cars. As an integral part of its concept & design, cargo damage was largely eliminated, and a dramatic improvement in service quality was realized by avoiding delays in schedule due to the waiting time for return cargo or weather, for which TOYOTA MARU No.10 has been recognized as the pioneer of PCC in the shipping industry, “K” LINE has optimized its fleet and focused on technological innovation while working to achieve the highest level of safety in navigation and prevention of damage to goods during transport to meet the rapidly changing needs of global automobile markets. We remain committed to providing services tailored to customer needs around the world in the future.

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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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