Communications are the press relations consultancy for the Shipping and logistics industry
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 9th, 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
Signing Ceremony
From left: Peter Lye (Head of Shipping, Anglo American) and Masatoshi Taguchi (Managing Executive Officer, “K” LINE)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 will participate in Wind Expo 2023 to be held from March 15th to 17th 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 17th (Fri) 11:30. You are always welcome at our booth and for the seminar. Please visit us!
Information about the Wind Expo
| Name: | Wind Expo at World Smart Energy Week, Tokyo Show |
| Organizer: | Japan Wind Power Association (JWPA), RX Japan Ltd. |
| Date: | March 15th (Wed) to March 17th (Fri) 2023 |
| Place : | Tokyo Big Sight East Exhibition Hall |
| Booth No.: | 42-30 |
PR Seminar
| Date/Time: | March 17th, 2023 11:30 |
| Place: | Tokyo Big Sight East Exhibition Hall (G) |
| Speaker: | Satoshi Kanamori, Executive Officer, Kawasaki Kisen Kaisha, Ltd., Managing Director, “K” Line Wind Service, LTD. |
| Title: | “K” Line Wind Service Goal “Supporting the Offshore Wind Supply Chain” |
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.
“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 :
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
February 2, 2022: NEDO Demonstration Project: The World’s First Demonstration Test Ship for Liquefied CO2 Transportation to be Built
July 29, 2022: JGC CORPORATION and Kawasaki Kisen Kaisha, Ltd. Joins CCS Study in Malaysia
December 19, 2022: “K” LINE enters into long-term contracts with Northern Lights for two liquefied CO2 vessels
Kawasaki Kisen Kaisha, Ltd. (“K” LINE), Kawasaki Kinkai Kisen, Ltd. (“K” LINE KINKAI), and Kawasaki Heavy Industries Co., Ltd. (KHI) have agreed to carry out the research and development of the “Safe Berthing/Unberthing Assist System” to enhance safety and efficiency of vessel maneuvering, berthing/unberthing, and mooring operations in ports.
The research and development aim to advance and improve safety and efficiency in berthing,
Unberthing, including mooring by combining expertise from “K” LINE and “K” LINE KINKAI with advanced technologies from KHI.
Currently, safe berthing/unberthing operations in ports are ensured by well experienced and knowledgeable shipboard crew about characteristics of ship specific maneuvering and mooring equipment features. For further improvement of safety, this system incorporates the latest technologies, including AI, to assist in safe berthing/unberthing operations. It will be the first system in the world that provides integrated support for all necessary operations from maneuvering in port, berthing/unberthing, mooring including mooring line monitoring. We will install the system on domestic vessels operated by “K” LINE KINKAI as a testing ground for this research and development and establish this system by spring 2025.
“K” LINE group is currently working on the “K”-Assist Project (“K” LINE Autonomous Ship with Safe and Intelligent Supporting Technology), which aims to further enhance safe ship operations through the integration of expertise in safe operations and advanced technologies. “Safe Berthing/Unberthing Assist System” is one of the components of the project.
“K” LINE will continue research and development to improve safety even further by providing more sophisticated support for shipboard crew and reducing their workload, as well as to realize autonomous ships in the future.
*1 KICS® (Kawasaki Integrated Control System) is a system that can comprehensively control multiple steering elements such as controllable pitch propeller, swivel thruster, side thruster, and rudder.
*2 DPS (Dynamic Positioning System) is a system that maintains the vessel’s planned position and heading by automatically controlling the vessel’s propulsion system and rudder. It features real-time monitoring of the vessel’s position through GPS or other position-measuring devices.
For reference: https://www.khi.co.jp/mobility/marine/machinery/kics.html）
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Daito Corporation (Daito) have started operating the “Yard Management System” (the system) at the Port of Yokohama Daikoku C-4 Terminal, the first dedicated finished-vehicle terminal in Japan for “K” LINE Group November 2022.
The System manages the status of loading/unloading, vehicle information, and storage locations in the terminal, and its mapping function enables automatic creation of storage maps, making it possible to visualize the status of vehicles more accurately and clearly at a glance. In addition, we aim for efficient yard operations by utilizing the system, such as forecasting the number of vehicles to be stored by accumulating and analyzing past data.
We manage export used vehicles by using QR codes. Also, we can improve the accuracy and efficiency of operations by using handheld equipment, which make us possible to see the status of vehicles quickly and accurately ascertained from anywhere and the latest information can be shared by all parties concerned through the system.
Since the start of operations in April 2022, the terminal has been working to become more environmentally friendly by converting operational vehicles used on the premises to EVs, installing solar carports, and using electricity with virtually zero CO2 emissions from renewable energy sources.
With the introduction of digital technology, the terminal will be able to respond flexibly and proactively to customer needs as a terminal with even higher added value and will strive to always be the preferred choice of customers.
Related Release
May 19th, 2022:“K” LINE Group’s Yokohama Daikoku C-4 Terminal Starts Operation Utilizing Renewable Energy
https://www.kline.co.jp/en/news/terminal/terminal-8056059373266974615/main/0/link/220519EN.pdf
