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"K" Line

Change of responsibility of an Executive Officer

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

To read this press release in its entirety, please visit “K” Line website where it is available in English and Japanese.

https://www.kline.co.jp/en/news/other/other2532249998011308439/main/0/link/200805EN.pdf

“K” Line Press Release : Announcement of Financial Highlights for 1st Quarter FY2020

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

Please click the following addresses to read the reports.

・Financial Highlights for 1st quarter FY2020

https://www.kline.co.jp/en/news/ir/ir-1004464070850028402/main/0/link/2020_1_report_e.pdf

・Notice on Prospects for Fiscal Year 2020

https://www.kline.co.jp/en/news/ir/auto_20200804474147/pdfFile.pdf

It is also available on “K” Line’s Website both in English and Japanese.

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

“K”Line Selected for FTSE4Good Index Series and FTSE Blossom Japan Index

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has been selected again as a constituent of the “FTSE4Good Index Series”, one of the leading global indices for ESG investing (*1), for the 18th consecutive year since its initial inclusion in 2003, and “FTSE Blossom Japan Index” for four years in a row since the index was launched in 2017.

FTSE4Good Index Series is an index developed by FTSE Russell, wholly owned subsidiary of London Stock Exchange Group, whose constituents are selected by measuring their performance in terms of management and information disclosure utilizing globally-recognized Environmental, Social and Governance (ESG) standards (1,075 companies selected world-wide, including 192 Japanese companies). FTSE Blossom Japan Index reflects the performance of Japanese companies that demonstrate strong ESG practices (180 companies selected out of 507 constituents of FTSE Japan Index). This index has been adopted as a benchmark of ESG investing by Government Pension Investment Fund (GPIF) in Japan.  

We have defined ESG initiatives as one of the important management issues, and signed the United Nations Global Compact (*2) in April this year. We will continue striving to contribute to sustainable progress of the society through our business activities, as well as to improve our corporate value.

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

(*2) The United Nations Global Compact is a voluntary initiative in which companies and organizations act as good members of society and participate in the creation of a global framework for sustainable growth by demonstrating responsible and creative leadership.

Reference

“K” Line to participate in the United Nations Global Compact (dated April 22, 2020)

https://www.kline.co.jp/en/news/csr/csr-4769873618192259007/main/0/link/200422EN.pdf

“K” Line formulated the revised edition of “K” Line Environmental Vision 2050 – Blue Seas for the Future –

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has thoroughly revised the long-term guideline concerning environment, “K” Line Environmental Vision 2050 – Blue Seas for the Future -, in order to strengthen the initiatives toward global environmental preservation such as reduction of GHG (Greenhouse Gas).

Since “K” Line formulated “K” Line Environmental Vision 2050 in 2015, which set forth our long-term goals for 2050 as a frontrunner, we have engaged in reduction of environmental load, research and introduction of advanced technology by using this vision as a guideline. While we achieved most of the 2019 interim milestones including CO2 reduction and introduction of environmental flagship set in this vision, we saw dramatic changes in environment and its requirement from society/stakeholder how to deal with environmental preservation. Therefore, we came to a decision to revise the vision this time.

Revised edition is based on the results of scenario analysis, recommended by TCFD, Task Force on Climate-related Financial Disclosures and rearranged the targets into two main factors, “Decarbonization” and ”Aim for zero environmental impact”, and set the new milestone goals for 2030.

Especially on “Decarbonization”, as 2030 interim milestones, “K” Line is aiming the improvement of CO2 emission efficiency by 50% compared with 2008, which surpasses the 2030 target set by IMO, International Maritime Organization, “improvement of CO2 emission efficiency by 40% over 2008”. “K” Line will continue to research and develop best solution including new technologies toward goal for GHG zero emission.

As an environmental front runner, we will continue to aim at providing more environmentally low-loaded and highly efficient services for more people throughout the world.

Please refer to this link for “K” Line Environmental Vision 2050.
http://www.kline.co.jp/en/csr/environment/index.html

“K”Line VIDEO RELEASE: TRIBUTE TO OUR SEAFARERS

This unprecedented and difficult times have brought a lot of challenges to many of our seafarers: lockdowns, travel restrictions, difficulties on crew changeovers and restrictions on shore leaves are among others. 

But despite of this challenging situation, our seafarers are staying strong to maintain the supply chain moving, to keep the global economy running and to support the lives of people all across the globe. 

To give honor and gratitude to all seafarers’ hardships and sacrifices, we have created a video message to remind them that they are not alone in this fight; that they are not forgotten; that we are all in this together.

The video is published on K-Line’s official YouTube channel as per link below. Please take a look and feel free to write your message on the comments section to express your support and appreciation to all our seafarers.

“K” Line Movie “THANK YOU SEAFARERS”-UNSUNG HEROES-

https://www.youtube.com/channel/UC1RM3V5SfRkD6nlPJZE0bcA

We will continue to exert our utmost efforts to smoothly conduct crew replacements in cooperation with relevant organizations.

Stay Safe. Stay Healthy. Stay Strong.

Thank you Seafarers!

“K”Line Holds Environmental Awards 2020 Ceremony

“K”Line Group Environmental Awards 2020 Ceremony held on June 5, 2020.

The awards were established to honor and give recognition to outstanding environmental-preservation-contributive activities undertaken by both executives and employees working throughout the “K”Line Group according to the direction developed in “K”Line Environmental Vision 2050. This year marks the 6th awards since establishment of the awards in 2015, and we also have accepted many entries from our group companies both in Japan and overseas. Activities of seven companies — one “Grand Award” and six  “Excellence Award” —  have been selected from such standpoints as “originality,” “challenge level,” “degree of contribution,” “continuity” and “potential for pervasiveness”, and have received the awards from our President and CEO, Yukikazu Myochin.

The “K”Line Group will continue to share environmental preservation activities being addressed within our Group companies broadly in order that we can further advance dissemination and enlightenment of environmental preservation activities as an entire Group effort by the presentation of these “K”Line Group Environmental Awards. Through this emphasis on continuing aggressively to contribute to environmental preservation and biodiversity protection, we should successfully accomplish our mission, i.e., “Passing on a sustainable society and this blue and beautiful ocean to the next generation” expressed in “K”Line Environmental Vision 2050.

Awardees of the “K”Line Group Environmental Awards are as follows:

GRAND AWARD

Support activities for landing work of floating debris, driftwood by a heavy rain in western Japan recovered by a marine environment maintenance ship in Hiroshima Bay (Seagate Corporation)

Regarding the floating marine debris that had been leaked to Hiroshima Bay due to the heavy rain disaster in Western Japan that occurred in July 2018 and endangered the daily operation of ships, as well as polluting sea, the Ministry of Land, Infrastructure, Transport and Tourism’s Chugoku Regional Development Bureau carried out the recovery work using a marine environment maintenance ship, “Ondo 2000”, owned by Chugoku Regional Development Bureau.

In 2019, Seagate Corporation mobilized its own 60-ton crane truck and technical staff to engage in the landing work of these collected waste.

In FY2019, the company carried out the joint work five times during intervals between the unloading work of steel products from domestic ships as their normal business, and cooperated in the disposal of 100 tons of marine floating waste in total.

EXCELLENCE AWARD

  • Reducing the number of tugs usage by improvement of gantry crane parking method at Oi Terminal No. 2  

Daito Corporation

  • Marine environment conservation activities through community-based beach cleaning

”K”Line Chile Ltd

  • Create awareness in the office on environmentally friendly practices  

”K”Line Pte Ltd

  • Switch to eco bags from disposable black plastic trash bags in warehouse

”K”Line Container Service Thailand, Ltd.

  • Food Redistribution

Century Distribution Systems, Inc. (Hong Kong)

  • Business process improvement action to improve the overall level of accident eradication, environmental conservation and operational efficiency  

Nitto Total Logistics Ltd

Construction of Next-Generation Environmental-Friendly Car Carrier Fueled by LNG 

(2nd report) -Installed LNG fuel tank

On May 7-8 2020, LNG fuel tanks have been installed on a car carrier which is under construction at Tadotsu Shipyard Co.,Ltd. (Imabari Shipbuilding Group).

The construction is currently on going with estimated delivery within 2020 fiscal year.


Installation of LNG fuel tanks

The vessel is equipped with a Dual-Fuel Diesel Engine (Mitsui MAN B&W ME-GI), and the Fuel Gas Supply System (FGSS) engineered by TGE Marine Gas Engineering GmbH of Mitsui E&S Group. The FGSS is composed of LNG fuel tank and high-pressure pump. The LNG fuel tank on the vessel is an independent tank of type C, which allows the design pressure to be set higher than other types of LNG fuel tanks. Because the boiling point of methane which is the main component of LNG is -161.5℃, LNG is constantly vaporized due to heat input from outside of the tank. Therefore the tank pressure is increased by the vaporized gas inside of the tank. The type C independent tank allows vaporized gas to be kept in the tank for a relatively longer period of time.

Image of LNG fueled car carrier

Link:  November 28, 2019, Construction of Next-Generation Environmental-Friendly Car Carrier Fueled by LNG https://www.kline.co.jp/en/news/car/car-8039923832625292775/main/0/link/20191128_en2%20.pdf

“K” Line Group, as a participant in the United Nations Global Compact, is promoting activities that contribute to SDGs (Sustainable Development Goals), and this project is a part of its ongoing activities.

Japan’s First LNG Bunkering Vessel Launched — Operations to Begin in Autumn 2020

Kawasaki Kisen Kaisha, Ltd.

JERA Co., Inc.

Toyota Tsusho Corporation

Nippon Yusen Kabushiki Kaisha

Japan’s First LNG Bunkering Vessel Launched — Operations to Begin in Autumn 2020

Japan’s first LNG bunker vessel (LBV) was successfully launched at the Sakaide Works of Kawasaki Heavy Industries Ltd.

The LBV is scheduled to be delivered at the end of September 2020 and will be the first LBV to be operated in Japan. After the delivery, the LBV will be based at JERA’s Kawagoe Thermal Power Station and commence ship-to-ship LNG bunkering business for LNG-fueled vessels.

In 2018, Kawasaki Kisen Kaisha Ltd. (“K” Line), JERA Co. Inc., Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha (NYK Line) jointly established Central LNG Shipping Japan Corporation (CLS), which owns the LBV and ordered its building, and Central LNG Marine Fuel Japan Corporation (CLMF), which will promote the LNG bunkering business in the Chubu (central) region of Japan.

The expertise and strengths of each company will be utilized to provide LNG bunkering solution in the Chubu region and promote a shift to marine LNG for ships.

Merits of LNG

Compared to heavy fuel oil, the use of LNG can reduce emissions of sulfur oxides (SOx) and particulate matter (PM) by approximately 100%, nitrogen oxides (NOx) by as much as 80%, and carbon dioxide (CO2) by approximately 30%.

Links for reference

January 26, 2018 release: “K” Line, Chubu Electric, Toyota Tsusho, and NYK Line Begin Joint Discussions on LNG Bunkering Business in Japan

https://www.kline.co.jp/en/news/other/other-6032850503267450371.html

May 10, 2018 release: “K” Line, Chubu Electric, Toyota Tsusho, and NYK Line Establish LNG Bunkering Joint Ventures and Launch LNG Bunkering Business in Japan

https://www.kline.co.jp/en/news/lng/lng-7175154730257498310/main/0/link/20189510_E.pdf

July 6, 2018 release: Japan’s First LNG Bunkering Vessel to Start Operation in 2020

https://www.kline.co.jp/en/news/Liquefied_gas/liquefied_gas2110830164254962877/main/0/link/20180706ENFINAL.pdf

“K” Line Financial Highlights for Fiscal Year 2019

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

Financial Highlights for FY2019

https://www.kline.co.jp/en/news/ir/ir20200511e/main/0/link/200511%20FY2019EN.pdf

Notice on Differences between Consolidated Financial Forecasts and Results

for the Full Year ending March 31, 2020, Record of Provision for Loss (Operating Expenses),

and Dividend from Retained Earnings (No Year-End Dividend)

https://www.kline.co.jp/en/news/ir/auto_20200507405187/pdfFile.pdf

If you cannot open the URL please try to access via Website:

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

“K” Line : Change of Directors and Audit & Supervisory Board Members

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided during a board meeting held on 30 April 2020 on several changes of Directors and Audit & Supervisory Board Members. 

To read this press release in its entirety,  please visit their website :

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