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"K" Line

Publication of the “K” LINE REPORT 2017

Kawasaki Kisen Kaisha, Ltd. (“K” Line) is pleased to announce publication of “K” LINE REPORT 2017

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 Creation  

We describe “Value Creation Model” which leverages our strength while explaining our group’s philosophy, vision, and history.  “Message from the President” provides our quest to improve corporate value.

 

Value Creation Initiatives  

We explain overview of both financial and non-financial information and outline of each business as a basis for Value Creation.

 

Foundation of Value Creation We explain ESG Initiatives which we have positioned as one of the priorities under our new medium-term management plan. In “Chairman and Outside Board Members Roundtable Discussion,”  honest impressions of “K” LINE and role of Outside Board Members are presented.

 

The “K” LINE REPORT 2017 is available on “K” Line’s website at http://www.kline.co.jp/en/ir/library/annual/index.html or http://www.kline.co.jp/en/csr/report/index.html

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“K” Line Continues to be Selected as an Index Component Participant of the Dow Jones Sustainability Asia Pacific Index

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has been selected again as an Asia Pacific Index component company of the Dow Jones Sustainability Indices (DJSI), one of the leading global indices on Socially Responsible Investment (SRI)(*1). It has been “K” Line’s good fortune to have been selected for 7 consecutive years since 2011.

DJSI is the world’s leading SRI Index jointly operated by S&P Dow Jones Indices LLC of the United States and Robeco SAM AG of Switzerland, which only includes the top-ranked companies among all large worldwide companies as a result of its evaluation of their sustainability performance in terms of social, environmental and economic criteria. Launched in 1999, DSJI is one of the first global sustainability benchmarks for investors which integrate sustainability consideration into their portfolios.

“K” Line group always strives to contribute to the realization of an even better society as well as continuously increasing its corporate value.

*1 SRI (Socially Responsible Investment) 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 Group Collaborating for Japan’s First LNG-fueled Ferry

Kawasaki Kinkai Kisen Kaisha, Ltd. (“K” Line Kinkai) and Kawasaki Kisen Kaisha, Ltd. (“K” Line) have agreed to work on joint study for “K” Line Kinkai’s newbuilding passenger ferry being fueled by LNG, whose study includes specifications, engine types and any related technical verifications for LNG handling.

“K” Line Kinkai has been studying introduction of a ferry fueled by LNG, an environmentally-friendly energy that could almost completely eliminates SOx emissions and also minimizes NOx and CO2 emissions to certain level, and the recent collaboration with “K” Line will accelerate this study in order to introduce Japan’s first passenger LNG-fueled ferry. “K” Line Group has also been studying introduction of various types of LNG-fueled vessels, including car carrier and tugboat as well as LNG supply business.

“K” Line Group is promoting environmental measures based on “K” LINE Environmental Vision 2050 (Note 1) that is the Group’s long-term environment management vision toward 2050. Having more than 40 years of experience in operation and management of liquefied gas carriers, we will continue to aim with collective effort of “K” Line Group 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 by means of marine fuels such as LNG and LPG that are more environmentally friendly.

Note 1

“K” LINE Environmental Vision 2050 – Navigating for Sustainability Leading to a Brighter Future:

Please refer to this link :  http://www.kline.co.jp/en/news/detail/1202375_1997.html

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New “K” Line LNG Carrier for Ichthys LNG Project Named “PACIFIC BREEZE”

170901 Pacific Breeze Naming Ceremony

Naming Ceremony for “PACIFIC BREEZE”

Kawasaki Kisen Kaisha, Ltd. (“K” Line) held naming ceremony for the newly-built liquefied natural gas (LNG) carrier at Sakaide Shipyard of Kawasaki Heavy Industries, Ltd. (KHI).

The new vessel was given her name “PACIFIC BREEZE” by Mr. Jeng-Zen Fang, Vice President of CPC Corporation, Taiwan (CPC).

Designed by KHI, PACIFIC BREEZE is the largest Moss-type LNG carrier. She is also the first Moss-type LNG carrier equipped with the Tri-Fuel Diesel (TFD) Propulsion System which accomplishes low fuel consumption together with bringing environmentally friendly conditions.

“PACIFIC BREEZE” will be time-chartered by IT Marine Transport Pte. Ltd., a joint-venture company between INPEX Corporation and TOTAL S.A., and consigned to CPC and will be carrying LNG from the Ichthys LNG Project in Darwin, Australia to Taiwan after her delivery.

 

Main Particulars of the vessel

Owner Pacific Breeze LNG Transport S.A.
Charter IT Marine Transport Pte. Ltd.
Shipyard Kawasaki Heavy Industries, Ltd. (Sakaide Shipyard)
LOA abt. 289.3m
Beam abt. 52.0m
Tank Type / Tank Capacity Moss / abt.182,000m3
Propulsion System TFD (Tri-Fuel Diesel)

 

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KL Sandefjord – First Offshore Vessel with DNV GL’s “Shore Power” Class Notation

170831 KL Sandlefjord

Kawasaki Kisen Kaisha, Ltd – August 31, 2017

The offshore vessel “KL Sandefjord” owned by K Line Offshore AS being a 100% subsidiary of Kawasaki Kisen Kaisha, Ltd (“K” Line), is the first offshore vessel with the DNV GL class notation “Shore power”. The “Shore power” notation, verifies the design and installation of a vessel’s on-board electrical shore connection. When in port, the vessel can shut down its engines and rely on a shore based electrical supply for its needs at berth – so called “cold ironing”.

“We are very pleased to receive this notation for our large and powerful anchor handler KL Sandefjord, which reflects our commitment to ensure a cleaner port environment and a more pleasant shipboard for our crew when berthing,” says Espen Sørensen, Senior Vice President, Operation and Technical in K Line Offshore AS. “With an on-board shore power installation tested and verified by DNV GL, we now have an offshore vessel equipped for the future. And as result of the good cooperation we have enjoyed with the Bergen Port Authority and DNV GL during this process, we have also decided to apply for the Shore power class notation for the sister vessel, KL Saltfjord.”

By tapping into an onshore electrical supply, vessels not only reduce their fuel consumption, but they also eliminate the associated emissions. This will have a marked improvement on the air quality in the port and surrounding environment, cutting PPM, NOx, SOx and reducing CO2, through the use of more efficient shore based electricity. In combination with renewable energy sources, it can even result in zero emission operation for the duration of a vessel’s stay in port. On top of which it can free the engines for maintenance, and reduces wear and tear, and noise.

“There is an increasing awareness of the impact of shipping emissions in ports and this is driving investments in cold ironing,” says Jon Rysst, Senior Vice President and Regional Manager North Europe, DNV GL. “This is leading to ports both requiring and incentivizing the use of alternative marine power. In Norway, where KL Sandefjord operates, for example, many ports are also offering a discount for ships with shore power installation. As access expands, alongside the rise of fully electric and hybrid vessels, cold ironing could soon become standard procedure in many ports around the world – with a noticeable positive impact on air quality.”

The DNV GL electrical shore connection class rules cover safety requirements for a vessel’s on-board electrical shore connection. The Shore power notation ensures a safe and efficient way of performing the connection and disconnection of shore power by verifying and checking the total system of the electrical shore connection, verifying compatibility between ship and port and provide recommendations for a well-defined future proof technical solution.

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“K”Line Group Introduces Its Own Environmental Management Promotion System – “DRIVE GREEN NETWORK”

August 4, 2017 – Kawasaki Kisen Kaisha, Ltd :  “K”Line Group recently established the “DRIVE GREEN NETWORK” (“DGN”) to promote its environmental management throughout the entire “K” Line Group and has started implementing its operations.

DGN is a system for strengthening our environmental management, setting environmental policies and targets that encourage their achievement through the efforts being conducted by each Group Company with internal audits, etc., and that aims to continuously improve environmental conservation activities through the PDCA cycle (Note 1) while ensuring environmental compliance throughout the entire“K”Line Group.

Schedule

2017

June       : Started Phase 1

(Domestic companies that are ready for environmental management systems.)

October   : Annual review at Group Environmental Conference

November : Acquisition of SOC (Statement of Conformity) from third party certification body.

2018

April       : Start Phase 2

(Full-scale operation by all targeted companies in Japan. In addition, some overseas group

companies are also planning to implement them.)

 

This name embodies the wishes of our environmental flagship “DRIVE GREEN HIGHWAY” (Note 2) completed in 2016, that we will inherit the ambition to take preemptive actions for the future.

“K”Line Group is promoting environmental measures based on “K” LINE Environmental Vision 2050 (Note 3) that is the Group’s long-term environment management vision toward 2050. 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) the PDCA cycle: Separating processes into Plan, Do, Check and Act.

Following this PDCA cycle is one management method to continuously improve business activities.

 

(Note 2) “DRIVE GREEN HIGHWAY”: Please refer to this link http://www.kline.co.jp/en/csr/environment/airpolution.html

 

(Note3) “K” LINE Environmental Vision 2050 – Navigating for Sustainability Leading

to a Brighter Future: Please refer to this link http://www.kline.co.jp/en/news/detail/1202375_1997.html

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“K” Line Change of Executive Officers

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided on changes of Executive Officers.

  1. Changes of Executive Officers.

(1) Retirement scheduled for September 30, 2017

Present Position
Name
After Retirement (scheduled for October 1, 2017)
Managing Executive Officer Nobuo Ishida Ocean Network Express (North America) Inc.(Tentative Name)

 

(2) Promotion of Executive Officers as of October 1, 2017

New Position
Name
Present Position
Managing Executive Officer Daisuke Arai Executive Officer

 

Title
Name
Responsibilities
President & CEO Eizo Murakami
Senior Managing Executive Officer Toshiyuki Suzuki Responsible for Containerships, Car Carriers, Port Business, Logistics, Affiliated Business Promotion Unit
Senior Managing Executive Officer Hiromichi Aoki Responsible for Dry and Liquid Bulk Carriers Unit
Senior Managing Executive Officer Tsuyoshi Yamauchi Responsible for General Affairs, Legal, Corporate Legal Risk & Compliance, Human Resources, Corporate Planning, Research, Project Office for Containerships and Terminal Business Unit, Assistance to Internal Audit, CCO(Chief Compliance Officer)
Senior Managing Executive Officer Eiji Kadono Responsible for Marine Sector, Advanced Technology, Ship Technical and Environmental Affairs Unit
Senior Managing Executive Officer Harusato Nihei Responsible for Finance, Accounting, IR&PR Unit,

CFO(Chief Financial Officer)

Managing Executive Officer Kazuhiko Harigai In charge of LNG, Thermal Coal, Liquefied Gas New Business Division
Managing Executive Officer Atsuo Asano In charge of Drybulk Business
Managing Executive Officer Yukio Toriyama In charge of Accounting, Finance, IR&PR
Managing Executive Officer Kenji Sakamoto In charge of Car Carrier Business
Managing Executive Officer Yasunari Sonobe President of “K” LINE AMERICA, INC.
Managing Executive Officer Yutaka Nakagawa Managing Director of K LINE (THAILAND) LTD.
Managing Executive Officer Akira Misaki Managing Director of “K” LINE (EUROPE) LIMITED
Managing Executive Officer Kunihiko Arai Managing Director of K LINE (CHINA) LTD., Managing Director of “K” LINE (HONG KONG) LIMITED
Managing Executive Officer Yukikazu Myochin In charge of Human Resources, Corporate Planning, Research, Project Office for Containerships and Terminal Business

Assistance to Containerships Business, Port Business,

Logistics, Affiliated Business Promotion

Managing Executive Officer Shuzo Kawano Responsible for Information System Unit, CIO(Chief Information Officer), CEO of “K” Line Business Systems, Ltd.
Managing Executive Officer Daisuke Arai In charge of Containerships Business, Port Business,

Logistics, Affiliated Business Promotion

Executive Officer Makoto Arai In charge of Legal, Corporate Legal Risk & Compliance
Executive Officer Kiyotaka Aya In charge of Marine Sector
Executive Officer Shingo Kogure In charge of General Affairs, CSR
Executive Officer Toyohisa Nakano In charge of Ship Technical and Environmental Affairs, General Manager of Ship Technical Group
Executive Officer Nobuyuki Yokoyama Assistance to Car Carrier Business
Executive Officer Tomoyuki Okawa In charge of Tankers, General Manager of Energy & Off-Shore Business Planning Group
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“K” Line Announce Financial Highlights for 1st quarter FY2017

July 31, 2017

Kawasaki Kisen Kaisha, Ltd.

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

・Financial Highlights for 1st quarter FY2017 –  Click here

・Forecast for the Interim and Year-end Dividends for the Fiscal Year ending March 31, 2018 – Click here

This information can also be accessed via the website: http://www.kline.co.jp/en/

 

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“K” Line Selected for FTSE4Good Global Index 15th Consecutive Year & New ESG Indices

 

12th July 2017  :  Kawasaki Kisen Kaisha, Ltd. (“K” Line) has been selected again as a constituent of the FTSE4Good Global Index, one of the leading global indices for Socially Responsible Investment (SRI) (*1), for the 15th consecutive year since its initial inclusion in 2003.

FTSE4Good Global Index is an index developed by FTSE Russell (*2), whose constituents are selected by measuring their performance in terms of management and information disclosure utilizing globally-recognized Environmental, Social and Governance (ESG) standards (Japanese companies number 148 out of 883 global companies). The index is a leading indicator used by investors who place importance on corporate social responsibility and sustainability.

In addition, we were also selected as a constituent of the FTSE Blossom Japan Index which reflects the performance of Japanese companies that demonstrate strong ESG practices (151 companies selected), and MSCI(*3) Japan Empowering Women Index (WIN) which is constituted of companies that promote and maintain higher levels of gender diversity in individual industry sector (212 companies selected). These indices are adopted as a benchmark of ESG investment by Government Pension Investment Fund (GPIF).

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 ESG initiatives and contribute to sustainable progress of the society.

*1 SRI (Socially Responsible Investment) describes an investment strategy which takes account of enterprises’ social, ethical and environmental aspects as well as financial performance.

*2 FTSE Russell is owned by London Stock Exchange Group, an index company offering indexing and analytical solutions worldwide.

*3 MSCI is listed on New York Stock Exchange, a provider of investment decision support tools worldwide.

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Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided on changes of Executive Officers.

10th July 2017

  1. Changes of Executive Officers.
    (1) Retirement scheduled for September 30, 2017
Present Position Name New Position(effective October 1, 2017)
Executive Officer Takafumi Kido Representative Director/President, Ocean Network Express Japan, Ltd.

 

  1. Responsibilities of Executive Officers on and after October 1, 2017

The responsibilities of Executive Officers scheduled on and after October 1, 2017 to be notified

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