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"K" Line

“K” Line Listed on the Dow Jones Sustainability Asia Pacific Index, a Leading Index for ESG Investment, for 10 consecutive years

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 10th 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 158 companies in the Asia-Pacific developed region (including 82 Japanese companies) as components, as a result of sustainability assessment of 606 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 defined initiatives towards sustainability as an important management issue. We will continue striving to fulfill our social responsibility through our business activities and contribute to sustainable progress of the society.

“K” Line : Certified for Cyber Security Management System in also Singapore

“K” Line Ship Management (Singapore) Pte Ltd (KLSM SGP), a group company of Kawasaki Kisen Kaisha, Ltd (“K” Line), was certified by ClassNK for Cyber Security Management System (CSMS) recently after CSMS acquisition of “K” Line Energy Ship Management Co., Ltd.,Tokyo. (Note 1)

The ship management companies in “K” Line group are not only targeting to acquire the CSMS certification but have been working on the development of practical measures and guide to safely protect ships from Cyber Security threats as first priority. KLSM SGP has been incorporated Cyber Security Management into Safety Management System (SMS) manual and developed Cyber Security Management Plan (CSMP) and its guide (CSMG) as supplementary volume, and KLSM SGP and container ship “ONE HAMBURG” managed by KLSM SGP acquired CSMS certification.

Certificate presentation ceremony on board the ship

KLSM SGP prepared under the various restrictions imposed by COVID-19, and the certification process by ClassNK was completed on October 15, 2020. All vessels under the management of KLSM SGP will be equipped with required IT equipment and arrangements for Cyber Security measures in accordance withy the certified guide in the same manner as “ONE HAMBURG”.

We will provide the safer and best maritime transport service by strengthening protection against cyber risks on both shore and ships.

“K” Line Financial Highlights for 2nd quarter FY2020

5th November 2020

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

Please click the following addresses to read our reports.

・Financial Highlights for 2nd quarter FY2020

https://www.kline.co.jp/en/news/ir/ir7459471588023720853/main/0/link/2020_2_report_e.pdf

・Notice on Revised Forecast of Financial Results for Fiscal Year ending March 2021

and Dividend policy (No Interim Dividend)

https://www.kline.co.jp/en/news/ir/auto_20201104414965/pdfFile.pdf

This is also available on the website :

http://www.kline.co.jp/en/

Online training for seafarers obtain DNV GL Certification

K” Line Maritime Academy (KLMA) Japan (Machida City, Tokyo) have obtained certification from Norwegian certification organization DNV GL for seafarers Online training.

LNG seafarer training by KLMA Japan, “LNG SIGTTO STANDARD TRAINING COURSE” (Note 1), was certified by DNV GL in 2007 that it adapts to the international seafarers training standard. Recently Online course delivery using the internet is added to the conventional face-to-face training and the certification range is enlarged. This is the first certification by DNV GL for Online seafarers training in Japan.

We place KLMA Japan as a core of our seafarers training system “K” Line Maritime Academy (KLMA). By adopting “Online” method, we have established a training system that eliminates the risk of infection due to the movement of trainees and face-to-face lectures during the COVID-19 pandemic. This enables us for maintaining safety in navigation which is fundamental to our business operations.

Expanding safety, environment and quality initiatives is one of our business policies to create corporate value. Growing seafarers is important mission to accomplish it. By providing continuous, high-quality training to our seafarers through KLMA, we promote safe operation and environmental conservation which lead to higher quality marine transportation.

Note1: SIGTTO (Society of International Gas Tanker and Terminal Operators Limited)

Membership that includes the major oil companies, gas, electric and gas tanker transport companies, is an organization that aims at ensuring the safety of the LNG and LPG business, from production/transport to consumption.

First Ship-to-Ship LNG bunkering business to commence in Japan

~Supply eco-friendly fuel by first LNG bunkering vessel in Japan~ 

Kawasaki Kisen Kaisha, Ltd. (“K” Line), hereby announce commencement of LNG bunkering business in the Chubu region through its joint venture company (Note 1) with JERA Co. Inc. (JERA), Toyota Tsusho Corporation and Nippon Yusen Kabushiki Kaisha (NYK).

On October 20, First LNG bunkering vessel in Japan,“Kaguya” (Note 2), owned by the joint venture company made historic first Ship-to-Ship (Note 3) LNG fuel supply in Japan to a car carrier “Sakura Leader” which will be operated by NYK at the construction yard of Shin Kurushima Toyohashi Shipbuilding Co., Ltd.

Kaguya”, based at JERA’s Kawagoe Thermal Power Station, will supply LNG fuel to “K” Line’s first LNG-fueled car carrier that is scheduled to be delivered by the end of FY2020.

In the global shipping industry, the International Maritime Organization (IMO) has set a goal of halving greenhouse gas (GHG) emissions from international shipping by at least 50% by 2050 compared to 2008. With increasing the delivery of LNG fueled vessels that are capable of reducing GHG emissions, “Kaguya” will be having an important role for stable LNG fuel supply.

“K” Line Group sets safety, environment and quality as key management issues and is working towards reducing GHG emissions based on its long-term environmental policy “Environmental Vision 2050” (Note 4). By expanding LNG-fueled vessels with LNG fuel bunkering business, we will contribute to the reduction of environmental burdens.

Kaguya” supplying LNG fuel

(Note 1) Joint Venture Company

Central LNG Shipping Japan Corporation and Central LNG Marine Fuel Japan Corporation

https://central-lng.com/en/

(Note 2) Principal Particulars of “Kaguya

LNG cargo tank capacity : 3,500 m3

Gross tonnage  : 4,044 tons

Length overall  : 81.7 m

Breadth  : 18.0 m

Shipyard  : Kawasaki Heavy Industries, Ltd., Sakaide Works

(Note 3) Ship-to-Ship Bunkering

A method of bunkering where an LNG bunkering vessel comes alongside an LNG-fueled vessel to supply LNG at different locations such as along the quay or pier or at anchor.

(Note 4) ”K” Line Environmental Vision 2050

“K” Line group formulated the “K” Line Environmental Vision 2050 in March 2015. Revised June 2020 edition sets CO2 reduction milestones for 2030 that exceed the IMO’s targets which includes plans to “introduce LNG-fueled ships” and “commercialization of LNG fuel supply”.

Publication of “K” LINE REPORT 2020

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce the publication of “K” LINE REPORT 2020.

The purpose of the report is to provide all “K” LINE stakeholders with a better understanding of the Group’s basic policies and activities for improving our corporate values as well as providing both financial and non-financial information.

This report is composed of the following contents.

“K” LINE Group Value CreationExplains our group’s philosophy, vision, strength cultivated in the history over 100 years and core strategy & business plan for sustainable growth.
Value Creation StrategyCEO and CFO explain business strategy, management plan for the coming years based on the analysis of current business environment and ESG initiatives as a foundation of value creation. Special talk with the professor of Sustainability Studies how to raise corporate value environmentally and socially is introduced.
At the Vanguard of Value CreationExplains basic strategies, strength and outline of each business as a basis for Value Creation

“K” LINE REPORT 2020 is available on “K” LINE’s website at https://www.kline.co.jp/en/ir/library/report.html

“K” Line Group Subsidiary Ship Management Company and Vessel Accredited for Cyber Security Management System

“K” Line Group subsidiary “K” Line Energy Ship Management Co., Ltd. (K-ENE) and Very Large Crude Carrier (VLCC) “SETAGAWA” managed by K-ENE were accredited by Class NK for Cyber Security Management System (CSMS). The certificate presentation ceremony was held on Oct. 2, 2020.

In recent years, information transmission such as ship operation data to the shore, and telecommunication between the ship and shore via internet connection tend to increase. Our company also advances fully equipping with the onboard ICT devices and computer network to promote developing utilization of IoT onboard and the telecommunication between the ship and shore, with a goal of enhancing the quality of safety.

Under these circumstances, it is necessary to take appropriate actions as maritime cyber risk management. As an international effort, a resolution for the maritime cyber risk management was passed by the International Maritime Organization (IMO) which is one of the UN organizations. Our company also had been proceeding with the preparations for appropriately dealing with maritime cyber risks in accordance with the CSMS guidelines of Class NK. Although they were evaluated under the effect of COVID-19, CSMS Certification was acquired by remote-evaluation with Class NK.

Currently, in terms of other types of ships, the preparations for acquisition of CSMS Certification have been proceeded. “Safety” forms the basis of our group business whose essential task is maritime transportation. Hence, we will provide the safer and best maritime transport service by strengthening protection against cyber risks.

Actions for Cyber-Security Risk

The resolution of “MSC.428(98): Maritime cyber risk management in safety management systems” was passed at the IMO Maritime Safety Committee which was held in June 2017. It is recommended that the cyber risks are under appropriate control in SMS manual by the first annual audit of “Document of Compliance (DOC)” after Jan. 1, 2021.

“K” LINE received the letter of appreciation for providing free ocean transportation of fire engines and ambulances donated to the Republic of El Salvador

Kawasaki Kisen Kaisha, Ltd. (“K” Line) received a letter of appreciation from Embassy of El Salvador in Japan for providing free ocean transportation of fire engines and ambulances donated by Japanese municipalities. 

Since 2014, in order to contribute to solve the problem for lack of fire engines and ambulances in Republic of El Salvador, “K” Line group has supported free ocean transportation by “K” Line’s pure car carrier (PCC), and undertaken total of 22 donated vehicles to the country (10 fire engines and 12 ambulances), in 11 times shipments.

“K” Line has been acting as Honorary Consul of El Salvador in Japan since 1969, and kept cooperating with the country due to the deep relationship between them. With respect to a customs clearance work and loading operation at loading port of Yokohama, we requested a cooperation to Daito Corporation (A group company of “K” Line)

“K” Line group is praying that those vehicles transported through our activity will contribute to protecting precious human lives in Republic of El Salvador, and we will continue actively working on marine transportation as a social contribution activity unique to shipping company.

“K” Line Conduct an Emergency Response Drill

On October 6th, 2020, an “Emergency Response Drill” was carried out as a part of, optimum training on emergency response, preparedness for any kind of major maritime accidents.

The scenario of the drill developed when a “K” Line Coal Carrier collided with a Coastal Tanker when she was transiting in the Seto Inland Sea. The accident damaged the tanker’s hull and breached its cargo tank, resulting to its oil cargoes spilling from the damaged cargo tank. The spilled oil reached the coasts nearby; in addition, a crew of the said Tanker was reportedly missing. Professionals from other related firms of law, insurance, consulting, and the Ship Management Company actively cooperated and participated in the exercise.

To prevent COVID-19 infection, remote work from home for employees were established. We sought to enhance our communication by using online tools during an emergency response and then identified the points and tasks to work and improve on.

At the end of the drill, a mock press conference was held at both the press room and online simultaneously as a part of the complete drill proceedings. Mr. Myochin, the CEO of “K” Line, and other representatives attended the Q&A session of press briefing. Many questions were raised by the attendees as a media reporter that made the event more realistic and momentous.

Moreover, several shipowners joined and observed the drill for the purpose of strengthening how to respond promptly in the event of an accident involving chartered ships and the ties and cooperation between “K” Line and shipowners. We will make the most of the given reviews and comments from shipowners for the betterment and improvement of correspondence in the event of an accident.

“K” Line principle and vision calls for enhancing “Safety”, “Environment” and “Quality”. We are preparing for any unexpected and unforeseen circumstances through the “Emergency Response Drill”. Furthermore, we promote safety in navigation and environmental conservation and quality enhancement while doing work on awareness building activities like “Safety Campaign”.

“K” Line : Naming Ceremony Held for Japan’s First LNG Bunkering Vessel

On September 16, a naming ceremony was held at the Sakaide Works of Kawasaki Heavy Industries, Ltd. for Japan’s first LNG bunkering vessel (“LBV”).

The ceremony was attended by Masashi Asakura, Chief Officer for Production Group of Toyota Motor Corporation (head office: Toyota city, Aichi prefecture; President: Akio Toyoda); Masahiro Kato, Deputy Director-General for Engineering Affairs, Ports and Harbors Bureau of Japan’s Ministry of Land, Infrastructure, Transport and Tourism; and a number of related parties.

LBV was named “Kaguya” by Yukikazu Myochin, President of Kawasaki Kisen Kaisha, Ltd. (“K-Line”), and Hitoshi Nagasawa, President of Nippon Yusen Kabushiki Kaisha (“NYK”), and the ceremonial rope holding LBV in place was cut by Sunao Nakamura, Managing Executive Officer of JERA Co., Inc. (“JERA”) , and Toshiro Hidaka, CEO for Machinery, Energy & Project Division of Toyota Tsusho Corporation (“Toyota Tsusho”).

LBV’s name, Kaguya, derives from Princess Kaguya in “The Tale of the Bamboo Cutter,” which is said to be Japan’s oldest story and is still loved by many people today. The name also expresses our desire to grow the LNG bunkering market as long and high as a bamboo tree.

Kaguya is the first LNG bunkering vessel to be operated in Japan. Kaguya will be operated by Central LNG Marine Fuel Japan Corporation and will be based at JERA’s Kawagoe Thermal Power Station. Kaguya will begin supplying LNG fuel* to ships in the Chubu region in October or later this year using Ship-to-Ship bunkering.**

The International Maritime Organization (IMO) has agreed on a goal to reduce GHG emissions from shipping by at least 50 percent by 2050 compared to 2008, and the delivery of LNG-fueled ships is expected in the future. After the start of operation, Kaguya will supply LNG to Sakura Leader, which is the first large LNG-fueled PCTC (pure car and truck carrier) operated by NYK, and to a new car carrier to be delivered by K-Line this fiscal year, as well as to other LNG-fueled vessels.

The expertise and strengths of each company — including K-Line’s technological expertise accumulated through its long-term LNG carrier operations, JERA’s operational and technical capabilities at its large-scale terminals, Toyota Tsusho’s global sales network for marine fuel, and NYK’s experience in the world’s first LNG fuel supply and sales business — will be utilized to provide LNG bunkering in Japan’s Chubu region and expand our marketing services to promote the use of LNG as a fuel for ships, thereby contributing to a reduction of our environmental impact.