Transport communications

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“K” Line Press Release : Announcement of Financial Highlights for FY2017

・Financial Highlights for FY2017

https://www.kline.co.jp/en/news/ir/ir8215338389570244720/main/0/link/20180427_E150-4.pdf

・Notice of Differences from Previously Announced Forecast of Financial Results

https://www.kline.co.jp/en/news/ir/auto_20180426420660/pdfFile.pdf

 

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“K” Line Website Redesigned

Kawasaki Kisen Kaisha, Ltd. (“K” Line) launches redesigned website April 2, 2018.

“K” Line has reviewed and revised overall contents of its website by this renewal. In particular, the investors pages were enriched and new image banners introduced in order to help viewers more easily understand the “K” Line organization.

We view our “K” Line website as a crucial communication tool and remain committed to enhancing its content and continuously improving its ease of use. We thank you for your support and look forward to your continued use of our “K” Line website.

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

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Notice of Investment Payment Completion and Service Commencement for New J/V in the Container Shipping Business

Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha today announced the completion of payment for investment in their new joint venture in the container
shipping business, Ocean Network Express Pte. Ltd. (ONE), which was established in July 2017, with service commencing on April 1, 2018, as follows.

1. Payment of investment
Investee: Ocean Network Express Pte. Ltd. (location: Singapore)
Amount of investment: Total US$3.0 billion
(The following changes have been made to the original plan:
– Paid all in cash without any investment in kind.
– Assets intended as in-kind contributions will be transferred at market value in the future.)
Payment completion date: April 2, 2018
Shareholders/Contribution Ratio: Kawasaki Kisen Kaisha, Ltd. 31%, Mitsui O.S.K. Lines, Ltd. 31%,
Nippon Yusen Kabushiki Kaisha 38%

2. Outline of services
No. of vessels in service/transport capacity: About 230 vessels / 1.44 million TEUs
Service network: Total 85 services, calling at over 200 ports in 100 countries
For details, please refer to the Ocean Network Service website: https://www.one-line.com/en

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New Building with Seafarer’s accommodation Delivered, Opening Ceremony held in The Philippines

A new building named “OCEAN BREEZE” has been constructed adjacent to the existing building for further strengthening and expanding our seafarer’s training facility known as “K” Line Maritime Academy Philippines (hereafter “KLMA (Phil)”).  The building is  located in Pasay City, and on March 2, 2018, with many distinguished Japanese and Philippine government officials, as w180305 New Accommodation Building Ocean Breezeell as many overseas and maritime officials attending, an opening ceremony was successfully held.

Our efforts for developing seafarers in The Philippines was first started in 1993 by the establishment of “K” Line Maritime Training Corporation (KMTC), later known as “KLMA (Phil)” within our own “KLINE BUILDING” completed in February 2008. Currently we are accepting 10,000 trainees per year, and as one of the main pillars to support “safe operations and environmental conservation” in accordance with our company’s business foundation, we will stably provide high quality seafarers as well as further strengthening and nurturing their training.

“OCEAN BREEZE” is an eleven-story complex building that combines a seafarer’s clinic equipped with the very latest medical equipment, a dormitory that can accommodate 225 trainees (total 282 trainees together with existing building) and office space on the upper floor. It is a symbolic place for securing and training the seafarers for our “K” Line fleet, in response to the ever-increasing demand Filipino seafarers.

Inside the building, synergies within the “K” Line group are also expected as inclusion of occupancy by group companies such as seafarer manning companies, marine agents and logistics company, including our own representative office.

“K” Line Group is working together to secure and train skilled seafarers so that we can continuously provide high-quality logistics based on safe navigation.

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The European Commission Decision and Recording of Extraordinary Loss

February 22, 2018 : Kawasaki Kisen Kaisha, Ltd. (“K” Line”) announced today that the Company has received notification of a European Commission Decision imposing a fine on “K”Line of € 39,100,000 for infringement of EU competition Law in connection with the deep sea car carriage services which started or ended in the EEA.

Since September 2012, the European Commission has investigated certain car carriers including “K” Line in this matter, and “K” Line has fully cooperated with the investigation.

“K” Line takes this matter seriously and has taken steps to further strengthen its compliance and training programs to ensure compliance with all applicable laws and regulations.

“K” Line will record the equivalent amount in Japanese yen as an extraordinary loss in the fiscal year ending March 2018.  In conjunction with this, “K” Line has not changed its forecasts for consolidated financial results for the fiscal year ending March 31, 2018, announced on January 31, 2018.

 

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ONE Ready to Take Bookings from February 1

Kawasaki Kisen Kaisha, Ltd.

Mitsui O.S.K. Lines, Ltd.

Nippon Yusen Kabushiki Kaisha

Ocean Network Express Pte. Ltd.

 

Ocean Network Express Pte. Ltd. (hereinafter referred to as “ONE”) announces that acceptance of bookings for its container shipping service begins in stages from February 1, 2018*.

ONE is a joint venture of Kawasaki Kisen Kaisha, Ltd. (hereinafter referred to as “K” Line”), Mitsui O.S.K. Lines, Ltd  (hereinafter referred to as “MOL”), and Nippon Yusen Kabushiki Kaisha (hereinafter referred to as “NYK”) set to start its business operations on April 1, 2018.

With the commencement of ONE’s business operations, there will be up to four companies, namely ONE, “K” Line, MOL, and NYK operating on the same service concurrently during the transitional period until three pre-existing lines completely stop operating vessels. To help our customers to place bookings with the right party, we have provided more information of the operators on each route and service in “Booking Ownership Guide” and “Vessel Voyage Direction List” on four companies’ websites at the following URLs:

Booking Ownership Guide:  

https://ecomm.one-line.com/ecom/CUP_HOM_3271.do?isPopup=Y&coCd=ONE

 

Vessel Voyage Direction List:

https://www.one-line.com/en/standard-page/vessel-voyage-direction-list

If a customer makes a booking with an operator different from those in the “Booking Ownership Guide” or “Vessel Voyage Direction List”, we will attempt to coordinate between ONE and “K” Line / MOL / NYK to ensure handover to the appropriate operator upon confirmation of the customer’s intention.

*Please contact each country’s ONE office for more detailed information regarding booking acceptance start timing.

https://www.one-line.com/en/standard-page/booking-contacts

 

The news on this website is as of the date announced and may change without notice.

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“K” Line, Chubu Electric, Toyota Tsusho, and NYK Line begin joint discussions on LNG Bunkering Business in Japan

Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo; President & CEO: Eizo Murakami; hereinafter “K” Line), Chubu Electric Power Co., Inc. (Head office: Higashi-ku, Nagoya; President & Director: Satoru Katsuno; hereinafter Chubu Electric Power), Toyota Tsusho Corporation (Head office: Nakamura-ku, Nagoya; President & CEO: Jun Karube; hereinafter Toyota Tsusho), and Nippon Yusen Kabushiki Kaisha (Head office: Chiyoda-ku, Tokyo; President: Tadaaki Naito; hereinafter NYK Line) announce today that the four companies have begun joint discussions on the commercialization of a new business to supply liquefied natural gas (LNG) as a marine fuel to ships in the Chubu (central region) of Japan.

LNG is expected to become an important alternative to heavy fuel oil due to its relatively low emissions* of air polluting substances and greenhouse gases, which will enable ships to meet increasingly stringent international regulations on emissions. The four companies will jointly discuss specific LNG customers and supply methods in preparation for the commercialization of LNG bunkering business.

*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%.

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“K” Line takes Delivery of 14000-TEU Containership “MILANO BRIDGE”

Milano Bridge (14,000 TEU) Jan18

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “MILANO BRIDGE,” a 14,000-TEU Containership at Hiroshima Shipyard of Imabari Shipbuilding Co., Ltd, Japan on January 18, 2018.

This new ultra-large containership (hereafter called ULCS) is same as the series delivered in 2015 and 1st ship of the 2nd generation. She will be deployed on the Asia-Mediterranean service (MED2) under THE-Alliance. “K” Line has 5 ULCSs scheduled for delivery this year, bringing the total to 10 units.

Main Particulars

LOA   :   365.94   m

Beam   :   51.20     m

Depth   :   29.90     m

Draft   :   15.50     m

DWT   :  146,931 MT

No. of Containers   :   13,900 TEU

Flag   :   Republic of Panama

Class   :   NK

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“K” Line take delivery of ‘Corona’ Series Coal Carrier “CORONA WISDOM”

 

CORONA WISDOM Jan18

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “CORONA WISDOM,” an 88,000 DWT-type special coal carrier at Shin Kasado Dockyard Co.,Ltd. of Imabari Shipbuilding Group Japan on 19h Jan, 2018.

CORONA WISDOM is same type as K” Line’s specialized fleet for transport of thermal coal known as the “Corona-series”. The Corona-series consists of epoch-making coal carriers equipped with wide beam and shallow draft, which are the most suitable type to enter ports of domestic Thermal Power Stations to discharge cargo.

CORONA WISDOM is equipped with latest energy saving and ecological technology such as WAD (Weather Adapted Duct) which promotes her propeller efficiency and ballast water management system which saves marine ecosystems

With this new latest deployment, the Corona-series now consists of 19 carriers. “K” Line takes pride that its Corona-series has been so favorably evaluated for always ensuring customers steady and reliable thermal coal transport service with maximum safety.

 

Vessel’s Specifications
LOA 229.98 M  Deadweight Tons 88,899 MT
 Beam 38.00 M  Gross Tons  49,713   T
 Depth 19.90 M  Net Tons 28,511   T
 Full Draft 13.904 M  Hold/Hatch      5/5
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Notice of Completion of Necessary Legal Process in All Countries/Regions for New J/V in the Container Shipping Business

January 18,2018

Kawasaki Kisen Kaisha, Ltd. – Eizo Murakami, President & CEO
Mitsui O.S.K. Lines, Ltd. – Junichiro Ikeda, President & CEO
Nippon Yusen Kabushiki Kaisha – Tadaaki Naito, President

 
Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha today announced that their new joint venture company, Ocean Network Express Pte. Ltd., established in July 2017, has received all necessary merger approvals from local competition authorities in regions and countries where such approvals are required for the launch of service by the newly established joint venture company.

 

As announced on July 3, 2017, the J/V company had completed the approval process in all regions and countries except South Africa as of the end of June 2017. Following continued negotiations with the competition authority in that country, the J/V company today obtained approval with conditions requiring measures regarding competition law compliance.
The service commencement schedule for the new company remains unchanged, with operations slated to begin on April 1, 2018.
Inquiries

 
Inquiries can be directed to the following representatives: Kawasaki Kisen Kaisha, Ltd. Masaya Futakuchi, General Manager, Investor & Public Relations Group (TEL: +81-3- 3595-5189) Mitsui O.S.K. Lines, Ltd. Keiichiro Nakanishi, General Manager, Public Relations Office (TEL: +81-3- 3587-7015) Nippon Yusen Kabushiki Kaisha Ushio Koiso, General Manager, Corporate Communication Group (TEL: +81-3-3284-5058)

 
This document includes information that constitutes “forward-looking statements” relating to the success and failure or the results of the integration of Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha. To the extent that statements in this document do not relate to historical or current facts, they constitute forward-looking statements. These forward-looking statements are based on the current assumptions and beliefs of the three companies in light of the information currently available to them, and involve known or unknown risks, uncertainties and other factors. Such factors may cause the actual results to be materially different from the contents of this document with respect to any future performance, achievements or financial position of one or all of the three companies (or the new company after the integration) expressed or implied by these forward-looking statements. Further, the three companies undertake no obligation to publicly update any forward-looking statements after the date of this document.

 
The risks, uncertainties, and other factors referred to above include, but are not limited to:

 
(1) Procedural and practical difficulties accompanying implementation of the integration;
(2) Changes in supply and demand for the market, and changes in market position including changes in the competition environment and relationships with major customers;
(3) Changes in economic conditions in and outside Japan and changes in exchange rates;
(4) Possibility of misappropriation or deletion of personal data or confidential information due to IT failure, cyber-attack, or other reason;
(5) Occurrence of natural or man-made disaster which may have an adverse effect on the employees, offices, key facilities and IT systems of the new joint-venture company after the integration;
(6) Changes in laws and regulations relating to business activities;
(7) Delays in the review process by the relevant competition law authorities or the clearance of the relevant competition law authorities or the inability to obtain other necessary approvals in relation to the integration; and
(8) Difficulty accompanying materialization of synergies or integration effects in the new joint-venture company after the integration.

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