"K" Line

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that the company was recognized as “Supplier Engagement Leader” for five consecutive years, the top rating, on “Supplier Engagement Rating” from CDP, which is a non-profit global organization engaging in activities for investigating and disclosing environmental information, on March 15th.

“Supplier Engagement Rating” evaluates the companies’ initiatives for climate change and greenhouse gas emissions throughout the supply chain and ranks the companies in line with their efforts. Our strategies and initiatives were evaluated on “Supplier Engagement Rating”.

This year 653 companies, including 130 Japanese companies, out of approximately 8,200 companies were awarded as “Supplier Engagement Leaderboard” worldwide. 

As a globally trusted logistics company rooted in the shipping industry, “K” LINE Group will continue to work to reduce its environmental impact in order to realize a sustainable society and increase its corporate value, based on its corporate philosophy of “contributing to the enrichment of people’s lives”.

REFERENCES

December 14, 2022: “K” LINE Selected for the 7th consecutive year on the “A List”

https://www.kline.co.jp/en/news/csr/csr4387686973587805703/main/0/link/221214EN.pdf

February 6, 2023: “K” LINE Posted CEO Message as CDP2022 “A List” Company

https://www.kline.co.jp/en/news/csr/csr284167388746905686/main/0/link/230206EN.pdf

― With the Theme, “Changing Forward” ―

K Marine Ship Management Pte. Ltd. (KMSM), ^* a ship management company that is part of the Kawasaki Kisen Kaisha, Ltd. (“K” LINE) group, held a crew seminar in Mumbai, India for two days from March 1st. More than 50 Indian seafarers (officers) from oil tankers, LNG carriers, LPG carriers, and LNG bunkering ship managed by KMSM attended the crew seminar. The event included a lively exchange of opinions and a workshop together with KMSM superintendents on root cause analysis and recurrence prevention examining actual accidents and mental healthcare matters. After the crew seminar, KMSM held a long-service award ceremony, and a social gathering to which families were also invited.

President Yukikazu Myochin and many “K” LINE’s executives attended the seminar. At the long-service award ceremony, the president and the vice president expressed gratitude for their contributions to safe operations over many years and their achievements fostering the next generation. In addition, we expressed our gratitude to the seafarers for their fulfilling their responsibilities without stopping sea transportation in the extremely difficult onboard environment during the COVID-19 pandemic over the past three years.

Based on our corporate principle of contributing to the enrichment of people’s lives as a shipping company that is trusted globally and centered on the shipping industry, the “K” LINE group aims to achieve sustainable growth and increase its corporate value while moving toward the realization of low-carbon operations and the decarbonization of our company and society.

Through these activities, “K” LINE Group will deepen its understanding of seafarers and their families, who contribute to sea transportation around the world, and build strong connections with them, thereby immersing them in our corporate culture of safety, enabling this culture to mature and providing safe operations and high-quality transportation services.

* K Marine Ship Management Pte. Ltd. Established in Singapore in January 2022, it is the wholly owned “K” LINE subsidiary that is the core company of the “K” LINE Group for ship management and the crewing of oil tankers, LNG carriers, LPG carriers, and LNG bunkering ships. Released on Oct.27, 2022: Opening Ceremony of K Marine Ship Management Pte. Ltd.

https://www.kline.co.jp/en/news/csr/csr8649352863466748083/main/0/link/221027EN.pdf

Kawasaki Kisen Kaisha, Ltd. (hereinafter referred to as “the Company”) hereby announces that it has resolved to revise its remuneration system (hereinafter referred to as “the Revisions to the Remuneration System”) for Directors (Executive directors only) and Executive Officers (hereinafter referred to as “Directors, etc.”), as follows. The resolution was made by the Company’s Board of Directors at its meeting held today.

https://www.kline.co.jp/en/news/ir/auto_20230313529645/pdfFile.pdf

(Cancellation of Treasury Stock Pursuant to Article 178 of the Companies Act of Japan)

https://www.kline.co.jp/en/news/ir/auto_20230313529642/pdfFile.pdf

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that we have signed a memorandum of understanding with Anglo American regarding the establishment of a working committee for collaborative research on decarbonization. 

“K” LINE has been engaged in the seaborne transportation of raw materials for Anglo American. Anglo American and “K” LINE have agreed to collaborate through the sharing of research and ideas and the utilization of both parties’ knowledge of new marine technology, alternative fuels and other fields that have the potential to grow in the near future to achieve their common goal of net-zero greenhouse gas emissions.

Anglo American is a leading, global mining company with a portfolio of competitive, world class operations and a broad range of future development options. For more information about Anglo American refer to www.angloamerican.com.

In our Medium-Term Management Plan published on May 9^th, 2022*¹, “K” LINE defined the marine transportation business using coal and iron ore carriers as one of its top priority areas driving growth. We will continuously strive to enhance our corporate value by contributing to the sustainable development of society and the global environment with active collaboration on decarbonization through the development of partnerships with customers.

*1 Medium-term Management Plan (Released on May 9th, 2022)

https://www.kline.co.jp/en/ir/management/strategy.html

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that we have conducted the trial use of B24 marine biofuel comprising 24% fatty acid methyl ester (FAME) blended with very low sulfur fuel oil (VLSFO), which was supplied by integrated energy company bp to the Capesize bulker “CAPE TSUBAKI” with the cooperation of the charterer, JFE Steel Corporation. This is third successful trial use of marine biofuel by a “K” LINE vessel. “K” LINE would like to accumulate expertise on the operation and use of biofuels.

The vessel was supplied with the biofuel in Singapore on 26 November 2022. In December 2022, after completing the loading of Iron Ore at Ponta da Madeira, the vessel started consuming the biofuel while navigating to the discharging port in Kawasaki. In this trial, biofuel had been stored for 2 months in a tank, and the biofuel was used for the long voyage after storage without any large problems. The FAME component of the marine biofuel blend used in this trial enabled a GHG emissions reduction of about 80-90% in the well-to-wake (from fuel generation to consumption) process without changing current engine specifications.

In addition to this trial, “K” LINE already has conducted the same kind of trial use of marine biofuel for a Supramax bulker for carrying hot-rolled steel coils with JFE Steel Corporation*¹. Now “K” LINE has also conducted this trial for their raw materials shipments. “K” LINE aims to contribute the decarbonization of all of the marine transportation in the customer’s supply chain.

In “K” LINE Environmental Vision 2050 -Blue Seas for the Future-*², we have set the 2030 interim target of improving CO₂ emissions efficiency by 50% compared with 2008, surpassing the IMO target of a 40% improvement. Furthermore, we set our new target for 2050 as “The Challenge of Achieving Net-Zero GHG Emissions.” As an action plan, we will continue to work on the introduction of new fuels which have a low environmental impact and take on the challenge of achieving the targets we have established.

*1. August 26th, 2022.

“K” LINE Conducts Trial Use of Marine Biofuel for Decarbonization on Supramax Bulker

https://www.kline.co.jp/en/news/drybulk/drybulk-4419591465105910059/main/0/link/220826EN.pdf

*2. “K” LINE Environmental Vision 2050 -Blue Seas for the Future-

As an action plan for GHG reduction, we are introducing zero-emission fuels such as ammonia and hydrogen fuels, as well as carbon-neutral fuels such as bio-LNG and synthetic fuels.https://www.kline.co.jp/en/csr/environment/management.html

“K” Line Group’s goal of supporting the offshore wind supply chain

“K” Line Group will participate in Wind Expo 2023 to be held from March 15^th to 17^th at Tokyo Big Sight, following up on our presentation in 2022.

Having established “K” Line Wind Service with a focus on developing the offshore wind-related business in June 2021, we have been pursuing best solutions to support the future supply chain of Japanese offshore wind. To enhance our experience and extend our strong track record in the offshore support vessel businesses in Japan and globally, we have agreed with several partners to jointly develop ideal solutions and best practices for marine operations in Japanese waters. We will present these activities and our vision for the future of Japanese offshore wind at the Wind Expo.

“K” LINE, “K” Line Kinkai, K Line Logistics and Daito Corporation will present our activities with ship models and movies. “K” Line Wind Service will also give a presentation at the PR Seminar on March 17^th (Fri) 11:30. You are always welcome at our booth and for the seminar. Please visit us!

Information about the Wind Expo

PR Seminar

Yukikazu Myochin, President & CEO of Kawasaki Kisen Kaisha, Ltd. (“K” LINE) delivered message as one of CDP2022 “A List” companies. The video message is posted on “K” LINE’s YouTube channel.

“K” LINE YouTube channel  https://youtu.be/PkgrTNRdQEc

“K” LINE corporate website  https://www.kline.co.jp/en/index.html *accessible from banner

“K” LINE was selected as “A List 2022”, the top rating, on climate change from CDP, which is a non-profit global organization engaging in activities for realizing sustainable economy, on December 13th, 2022. This is the seventh consecutive year that “K” LINE has been selected as an “A List” company, after being selected an “A List” company in 2016, in recognition of its leadership in transparency and performance in corporate sustainability on climate change. This year, the number of companies certified as “A List” companies for CDP Climate Change is 283 worldwide, 74 for Japanese companies including “K” LINE.

As a globally trusted logistics company rooted in the shipping industry, “K” LINE Group will continue to work to reduce its environmental impact in order to realize a sustainable society and increase its corporate value, based on its corporate philosophy of “contributing to the enrichment of people’s lives”.

References

December 14, 2022: “K” LINE Selected for the 7th consecutive year on the “A List” https://www.kline.co.jp/en/news/csr/csr4387686973587805703/main/0/link/221214EN.pdf

 “K” LINE Environmental Vision 2050.

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

“K” Line Maritime Academy Philippines (KLMA), a primary training center for seafarers of Kawasaki Kisen Kaisha, Ltd. (“K” LINE), have decided to donate Personal Protective Equipment (PPE) such as boots, gloves, raincoats to the Pasig River Coordinating and Management Office (PRCMO) engaged in cleanup activities on the Pasig River in Manila.

On January 16th, handover ceremony was held by PRCMO. Capt. Baratang, president from KLMA, Mr. Prado, head of operation unit, Mr. Sibal, head of coordination unit, from PRCMO and many other staffs attended the ceremony.

PRCMO was established in January 2020 under the Department of Environment and Natural Resources (DENR) in Philippine to promote activities to maintain the cleanliness of the Pasig River and its tributaries through regular cleanup activities on the Pasig River, which is said to be one of the most polluted in the world. Our long-term environmental guideline, “K” LINE Environmental Vision 2050 (Note 1) calls for support and participation in social contribution activities for environmental conservation, and as our way of expressing our gratitude to the Philippine government and people for supplying competent seafarers working on “K” LINE operated vessels for more than 35 years. With all our hearts, we decided to donate this time. We will continue to support PRCMO to revive the clean Pasig River system and leave it as a legacy for future generations.

(Note 1) “K” LINE Environmental Vision 2050 :

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

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has signed the Memorandum of Understanding (MoU) on the joint study of liquefied CO2 shipping for developing Carbon dioxide Capture and Storage (CCS) value chain with The Kansai Electric Power Co., Inc. (KEPCO) today.

The two companies will jointly study optimal marine transportation schemes and shipping costs of liquefied CO2 emitted from KEPCO’s thermal power plants and aim to develop the CCS value chain in future.

CCS is a technology for capturing and storing CO2 and is expected to play an important role in contributing to the achievement of Carbon Neutrality by 2050. This joint study will investigate the method of liquefied CO2 marine transportation, which are suitable for long-distance and large-scale transportation and develop a more flexible CCS value chain.

“K” LINE is participating in the New Energy and Industrial Technology Development Organization (NEDO) CO2 ship transport demonstration project and the Northern Lights project in Norway, the world’s first full-scale CCS project, and is developing safe and reliable liquefied CO2 transport in the new CCS market.

Related releases

June 22, 2021: Participation in R&D and demonstration project for CO2 marine transportation

https://www.kline.co.jp/en/news/carbon-neutral/Liquefied_gas8511561127992992679/main/0/link/210622EN.pdf

February 2, 2022: NEDO Demonstration Project: The World’s First Demonstration Test Ship for Liquefied CO2 Transportation to be Built

https://www.kline.co.jp/en/news/carbon-neutral/Liquefied_gas-7680599579843084358/main/0/link/220202EN.pdf

July 29, 2022: JGC CORPORATION and Kawasaki Kisen Kaisha, Ltd. Joins CCS Study in Malaysia

https://www.kline.co.jp/en/news/carbon-neutral/carbon-neutral7943232713056097109/main/0/link/220729EN.pdf

December 19, 2022: “K” LINE enters into long-term contracts with Northern Lights for two liquefied CO2 vessels

https://www.kline.co.jp/en/news/carbon-neutral/carbon-neutral5923150663050283812/main/0/link/221219EN.pdf