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"K" Line

“K”LINE Awarded CDP’s “A List 2018” on Climate Change ― Earning Highest Rating “A” for Three Consecutive Years

“K” LINE is proud to announce that the company was recognized as “A List,” the top rating, on climate change from CDP, which is an international non-profit organization (NPO) engaging in activities for realizing sustainable economy, in “CDP 2018 Debriefing Session” held on January 22 in Tokyo. The“A List” is awarded to companies that are evaluated as global leaders in their response to climate change.

From among the companies that disclosed their climate change information in response to a questionnaire sent from CDP on behalf of 650 institutional investors with total assets of over 87 trillion US dollars, 126 companies whose measures against climate change such as emissions reduction activities in the reported year were regarded as outstanding were recognized in the A List last year. Japanese companies number 20 among these and only 7 companies were selected for three consecutive years.

In our medium-term management plan, we have set ESG (Environment, Society and Governance) 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 -*. In particular, initiation of a framework “DRIVE GREEN NETWORK” for continually promoting environmental preservation activities while ensuring environmental compliance throughout the entire “K” Line Group bore fruit to gain the 3rd straight year to receive the A List rating.

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

 

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First Discharge of LPG from Ichthys LNG Project in Japan Carried by “K” LINE’s VLGC “GRACE RIVER”

January 23, 2019 

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereinafter referred to as “K” LINE) is proud to announce that “K” LINE’s VLGC “GRACE RIVER” carried and successfully discharged Ichthys LNG Project’s first LPG cargo carried to Japan, which was imported by Astomos Energy Corporation at KYUSHU L.P.G. Fukushima Terminal today.

Ichthys LNG Project is the first large-scale LNG project by global standards operated by INPEX CORPORATION. The Project is characterized as “All Japan” for its features such as  70% of approx. 8.9 million tons per year of LNG produced by the Project will be supplied to Japanese customers, along with the fact that Japanese companies are major participants in crucial parts of the Project’s value chain, including exploration and production, building of liquefaction plants and receiving terminals, laying pipelines, and maritime transportation. In addition to LNG, the Project will produce LPG (approx. 1.65 million tons per year) as well as approx. 100,000 barrels of condensate per day at peak.

We are proud further to mention that “K” LINE Group will be more involved in the shipment of LNG, LPG and condensate exported by the Project. The Project’s first LNG cargo was carried by our LNG carrier “PACIFIC BREEZE” in October 2018, and it is planned that Aframax tankers operated by our subsidiary in Singapore will carry condensate products.

Recalling the importance of our crucial role in the energy value chain, “K” Line Group is committed to continue providing the most reliable and stable service possible to our valued customers with assurance of the highest standard of safety. 

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

 

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“K” Line takes delivery of New LPG Carrier “GENESIS RIVER” for GYXIS CORPORATION

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereinafter referred to as “K” Line) is proud to announce the delivery of VLGC “GENESIS RIVER” for GYXIS CORPORATION (head office: Minato-ku, Tokyo; President and Representative Director: Mr. Takayuki Doi, hereinafter referred to as ” GYXIS “) at Sakaide Shipyard of Kawasaki Heavy Industries, Ltd. today.

“GENESIS RIVER” commences her service to GYXIS under a time charter contract concluded in 2015, the year GYXIS was founded. On this November 2, she was given her name “GENESIS RIVER” by GYXIS’ Mr. Doi. This vessel becomes the second LPG carrier in our fleet which is employed by GYXIS, and we are hopeful of her contribution to the ever-growing global seaborne LPG trading through her service to GYXIS.

To meet customer’s requirements and satisfaction, the vessel is designed for improved propulsion performance and lower fuel consumption, and environmentally-friendly equipment such as ballast water management system is installed to protect marine ecosystem from unwanted environmental effect.

“K” Line is committed to continue providing the most reliable and stable service possible to our valued customers with assurance of the highest standard of safety.

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“K” Line takes delivery of Coal Carrier “SHONAI MARU” for JERA Trading Pte. Ltd.

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “SHONAI MARU,” a 100,000 DWT-type special coal carrier at MarugaCoal Carrier “SHONAI MARU” Nov18me Shipyard of Imabari Shipbuilding Co., Ltd., Japan on November 15, 2018.

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

SHONAI MARU is equipped with latest energy-saving and ecological technology such as WAD (Weather Adapted Duct) which promotes her propeller efficiency plus a ballast water management system that prevents damage to marine ecosystems.

SHONAI MARU will be principally involved in long-term service carrying thermal coal to Chubu Electric Power’s Hekinan Thermal Power Plant for JERA Trading Pte. Ltd.

Vessel’s Specifications
LOA 249.99 M Deadweight Tons 101,847 MT
Beam 43.00 M Gross Tons 57,842 T
Depth 18.70 M Net Tons 31,523 T
Full Draft 12.994 M Hold/Hatch 6/6
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“K” Line changes the responsibilities of Executive Officers

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided in a board meeting held today on changes of the responsibilities of Executive Officers.

To read the full press release please see the attached PDF document or visit their website: https://www.kline.co.jp/en/

 

 

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“K” Line announcement of Financial Highlights for 2nd Quarter FY2018

Please be advised that “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 FY2018

https://www.kline.co.jp/en/ir/library/result.html

・Notice of Forecast for Year-end Dividend for fiscal year ending March 2019

https://www.kline.co.jp/en/news/ir/auto_20181030425857/pdfFile.pdf

 

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

 

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“K” LINE Supports TCFD (Task Force on Climate-related Financial Disclosures)

“K” LINE expresses its full concurrence with the recommedations of the Task Force on Climate-related Financial Disclosures (TCFD) established by the Financial Stability Board (FSB) .

The FSB is an international organization with participating members including finance ministries, financial regulatory authorities and central bank governors of the world’s 25 major countries. The TCFD is a task force set up by the FSB, whose recommendations are aimed at encouraging companies to disclose information about the impact or risks of climate change on their businesses in order that such information may be shared with institutional investors and banking organizations. The companies that have announced participation number 527 worldwide (as of October 24, 2018).

As an action of our own, “K” LINE developmed a long-term environmental namagement vision, “K” LINE Environmental Vision 2050Securing Blue Seas for Tomorrow ―(*)and has positioned the minimization of the impact of our business activities on the global environment as a priority task. Under this policy, we are advancing approaches such as reducing fuel consumption of ships under operation, constructing ships with the latest energy-saving equipment, expanding the scope of data aggregation using a data collection system, “Eco Track”, and obtaining third-party certification for the improvement of credibility and transparency of the collected data.

We, “K” LINE, take the recommendations of the TCFD as contributive to the development of sustainable society, and 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.

 TCFD Task For on Climate-Related Financial Disclosures

 *: “K” LINE Environmental Vision 2050 – Securing Blue Seas for Tomorrow –: For more details, please see:

 https://www.kline.co.jp/en/csr/environment/management.html#002

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“K” Line Celebrate 25th Anniversary of Maritime Training in the Philippines

- Ready to Accept 10,000 Students and Good Visibility for the Next 100 Years -

On October 18, at the company’s training center “K” Line Maritime Academy Philippines (KLMA(Phil)) in Pasay City, Philippines, the 25th Anniversary of the training facility as well as the completion of the renovation work of the training center were celebrated with a ceremony that welcomed the attendance of many successive local staff, including guests from affiliated companies who have been supporting our seafarers’ development activities for many years.         

Our efforts to nurture seafarers in the Philippines began with the establishment of “K” Line Maritime Training Corporation (KMTC) in 1993. In February 2008, KMTC subsequently transferred its maritime training facility in Manila to a new location of “K” Line Maritime Academy Philippines (KLMA(Phil)) in the city of Pasay.  As one of the major pillars to support our company’s business foundation, “safe ship operation and environmental conservation,” we have been and will continue striving to secure and nurture excellent seafarers.

On March 2 this year, a new building “OCEAN BREEZE,” with a seafarers’ clinic that has the latest medical equipment and lodging facilities that can accommodate 225 people, opened adjacent to the training center. Also, on July 31, the renovation work of the training center itself with the most advanced training equipment was completed and we have achieved the capability to now accept a total of 10,000 students per year.

“K” Line will celebrate its 100th Anniversary next year.  In the future, we will continue to develop and train stable and well-qualified seafarers for the next 100 years by constantly developing an even higher level of quality trainings in line with the times, always aiming to further strengthen our company’s safe operations.

 

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“K” Line Financial Press Release

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

 

Notice of Revisions in First Half and Full Year Consolidated Business Forecasts of
Integrated Container Shipping Operating Company Ocean Network Express Pte. Ltd.

https://www.kline.co.jp/en/news/ir/auto_20181015418026/pdfFile.pdf

Revised Forecast of Consolidated Financial Results for the 1st Half and Full Fiscal Year 2018.

https://www.kline.co.jp/en/news/ir/auto_20181015418027/pdfFile.pdf

If you cannot open the URL please try to access via Website:  https://www.kline.co.jp/en/

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

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 on Socially Responsible Investment (SRI) (*). It has been “K” Line’s good fortune to have been selected for 8 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.

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.

* 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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