"K" Line

Kawasaki Kisen Kaisha, Ltd. (hereinafter “K” LINE) is pleased to announce that, effective as from today, we have participate in the feasibility study jointly conducted since March 2021 by and among A.P. Moller – Maersk, Fleet Management Limited, Keppel Offshore & Marine, Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, Sumitomo Corporation, and American Bureau of Shipping (*1), with the aim to establish a ship-to-ship based ammonia bunkering at the Port of Singapore, the largest bunkering port in the world (hereinafter “the Study”). Memorandum of Understanding was executed by and among the 8 companies, including Maritime & Port Authority of Singapore who has also decided to participate in the Study, at a ceremony held today during the occasion of Singapore Maritime Week 2022.

Emitting zero CO2 when combusted, ammonia has been considered as one of promising options among various alternative marine fuels to reduce greenhouse gas (GHG) emissions within the shipping industry, which is in line with the International Maritime Organization (IMO) strategy to achieve reduction of GHG emission by 50% in 2050 compared to the levels in 2008.

The Study aims to cover the entire end-to-end supply chain of ammonia bunkering, design of ammonia bunkering vessels, as well as related supply chain infrastructure. Relevant government agencies and experts in Singapore will be engaged in working towards the standardization of safe operation and regulations. Each partner will contribute to the Study within the scope set in line with their business domain.

We have long experience in handling of ammonia on board the vessel through technical management of ammonia carriers. In addition, we have know-how and expertise in the ship management service of bunkering vessel conducted within the regulatory framework and guidelines in Singapore which has been acquired through the management of Singapore’s first LNG bunkering vessel.

We believe that our engagement in the Study on the grounds of these expertise embodies the initiatives designated under our long-term environmental guideline – “K” LINE Environmental Vision 2050 (*2) – including “decarbonization of “K” LINE” and “promoting and supporting decarbonization of society”; hence we decided to participate in the Study. While watching trends in the development of international regulations concerning ammonia as marine fuel, we are planning to study ammonia-fueled vessels in more detail.

※1:     American Bureau of Shipping participated in the Study in October 2021.

※2:     “K” LINE’s environmental guideline. The target in 2050 was revised to be “net-zero”  in November 2021.  https://www.kline.co.jp/en/csr/environment/management.html

Partners

–           A.P. Moller – Maersk A/S   (HQ: Denmark)

–           Fleet Management Limited   (HQ: Hong Kong)

–           Keppel Offshore & Marine   (HQ: Singapore)

–           Maersk Mc-Kinney Moller Center    (HQ: Denmark) for Zero Carbon Shipping

–           Sumitomo Corporation    (HQ: Japan)

–           American Bureau of Shipping    (HQ: U.S.A.)

–           Maritime & Port Authority of Singapore   (Location: Singapore)

–           Kawasaki Kisen Kaisha, Ltd.    (HQ: Tokyo)

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is deeply concerned about the safety of people exposed to the current humanitarian crisis in Ukraine. In relation to the current situation in the country, we have implemented the following measures:

1. Humanitarian aid

Many seafarers from Ukraine are onboard vessels under our operation, and their families are forced to evacuate abroad. Considering the situation, we have decided to provide financial aid with 150 families, by contributing EUR 300,000 through Stargate Maritime Ltd., to support the costs for refugee life for the time being, including traveling costs from Ukraine to Bulgaria and accommodation costs after arrival, etc. We shall also consider additional support while taking into account the further progress of the situation.

2. Impact on our business

Our services related to both Russia and Ukraine are suspended and changed sequentially, taking into account various situations. The impact of the situation in both countries on our business is minor and limited.

In response to this situation, we will comply with the international community’s coordinated sanctions, in accordance with the policy of the Japanese Government.

We would like to express our heartfelt sympathy to all those affected by the humanitarian crisis and pray for a peaceful resolution as soon as possible.

Announcement of the Execution of a Share Exchange Agreement to Make Kawasaki Kinkai Kisen, Ltd. a Wholly-Owned Subsidiary of Kawasaki Kisen, Ltd.(by Simplified Share Exchange)

Available on the “K” Line website in both in English and Japanese – https://www.kline.co.jp/en/

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce publication of ESG DATA BOOK 2021.

ESG DATA BOOK 2021 has been issued to systematically summarize policies, systems, specific initiatives and relevant data related to “K” LINE Group’s environmental (E), social (S), and governance (G) aspects. It has been published from this fiscal year as a tool for dispatch of information to, and for communication with, stakeholders who are interested in the Group’s ESG initiatives.

“K” LINE publishes “K” LINE REPORT, an integrated report aimed at helping all stakeholders understand the Group’s corporate activities and medium-term vision. It also publishes FACTBOOK, a compilation of materials mainly for shareholders and other investors, designed to deepen their understanding of the shipping industry and our business. By publishing ESG DATA BOOK in addition to these publications, we are working to further enhance disclosures of the Group’s financial and non-financial information. We hope that these publications will help better and deeper understandings on “K” LINE Group among a broad range of our stakeholders.

ESG DATA BOOK 2021 can be found on our website.

HOME > Sustainability > ESG Data

https://www.kline.co.jp/en/csr/esg.html

For browsing：

https://www.kline.co.jp/en/csr/esg/main/00/teaserItems1/00/file/ESG_DATA_BOOK_2021_(EN)_for_Browsing.pdf

For printing：

https://www.kline.co.jp/en/csr/esg/main/00/teaserItems1/03/file/ESG_DATA_BOOK_2021_(EN)_for_Printing.pdf

“K” LINE REPORT 2021

An integrated report aimed at helping all stakeholders understand the Group’s corporate activities and medium-term vision.

FACTBOOK 2021

A compilation of materials mainly for shareholders and other investors, designed to deepen their understanding of the shipping industry and our business

SUSTAINABILITY BOOKLET

Specially issued in July 2021 for helping our stakeholders’ better understanding of the concept and the specific initiatives of “K” LINE’s corporate sustainability management.

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has established “K” LINE Group Basic Policy on Human Rights (the Policy), based on the United Nations Guiding Principle on Business and Human Rights*.

The Policy has been established as more specific guidelines for respecting Human Rights, which is upheld in the Charter of Conduct of the “K” LINE Group Companies, standards of behavior for the entire Group. The Policy sets out that the Group shall respect and comply with international norms and laws related to respect for human rights, as well as conduct Human Rights Due Diligence.

As an integrated logistics company grown from shipping business, “K” LINE Group conducts its business activities with the support of many people. Recognizing the international trend of increasing importance of respect for human rights, “K” LINE Group will promote its business taking into account the human rights of those concerned with its business activities, so as to continue to be a company group trusted by society.

*）United Nations Guiding Principle on Business and Human Rights:

A document endorsed by the UN Human Rights Council in 2011 that stipulates respect for human rights in corporate activities. The principle encourages efforts to protect and respect human rights, containing 3 pillars: 1. The State Duty to Protect, 2. The Corporate Responsibility to Respect, and 3. Access to Remedy.

Related Link: https://www.kline.co.jp/en/csr/social/human_resource/human_rights/main/0/teaserItems1/01/link/%5BEN%5DK%20LINE%20Group%20Basic%20Policy%20on%20Human%20Rights.pdf

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Daito Corporation will launch “K” LINE Group’s first finished-vehicle terminal in Japan,at Yokohama Daikoku C-4 Terminal from April 2022.

“K” LINE Group leases the terminal from Yokohama Port Terminal Corporation (YPC) and operates it at Yokohama port, which handles one of the largest volumes of finished vehicles in Japan. The terminal is capable of handling a wide variety of products, including new and used vehicles, construction machineries, and break-bulk cargoes, and can also be used as a transshipment base for finished vehicles to meet a variety of needs. Thus, the new terminal will contribute to optimize the handling of vehicles in Yokohama port as a whole by welcoming vessels other than those operated by “K” LINE.

We also aim to create an environmentally friendly terminal by introducing LED lighting for night　time operation, EVs for terminal vehicles, and the use of electricity generated from renewable energy sources. At the same time, we will strive to improve safety, the environment, and quality, which are important issues for the Group, by making active use of digital technologies such as AI and IoT, including the automation of entry and exit gates and the introduction of advanced terminal management systems, and by creating a high value-added terminal.

We will respond flexibly and proactively to customer needs, including growing needs for environmental and digital solution. Also, we will continue to protect the environment through our business activities, contribute to realize a sustainable society, and maximize its corporate value based on the “K” LINE Environmental Vision 2050 (Note1).

(Note 1) “K” LINE Environmental Vision 2050

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

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that the company was recognized as “Supplier Engagement Leaderboard” for four consecutive years, the top rating, on “Supplier Engagement Rating” from CDP, which is a non-profit global organization (NGO) engaging in activities for investigating and disclosing environmental information, on February 10.

“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 518 companies, including 105 Japanese companies, out of 6,300 companies were awarded as “Supplier Engagement Leaderboard” worldwide. 

In November 2021, we have revised our environmental target in our long-term environmental guideline “K” LINE Environmental Vision 2050 -Blue Seas for the Future- in order to strengthen the initiatives toward global climate change countermeasures and has set our new target for 2050 as “The Challenge of Achieving Net-Zero GHG Emissions”.

As an integrated logistics company, the “K” LINE Group is working to realize sustainable society and increase corporate value. We will not only reinforce initiatives for reducing our in-house GHG emissions but also actively support projects aimed at a decarbonized society. These initiatives include support vessels for projects related to the renewable energy field, such as offshore wind power, transportation of new energy sources, such as hydrogen and ammonia, and carbon capture and storage (CCS) transportation. We reduce its environmental impact based on its corporate philosophy of contributing to society so that people live well and prosperously.

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 follow the following link:

https://www.kline.co.jp/en/news/other/other134269898622655607/main/0/link/220203_2EN.pdf

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

Please see the attached PDF documents to see the full reports:

・Financial Highlights for 3rd Quarter FY2021

https://www.kline.co.jp/en/news/ir/ir-1284978996270673514/main/0/link/2021_3_report_e.pdf

・Notice on Revision to Financial Results for the full Fiscal Year ending March 2022

https://www.kline.co.jp/en/news/ir/auto_20220202578608/pdfFile.pdf

If you cannot open the URL please access the press release via the website:

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

～Promoting the development of CCS-related businesses to realize a carbon-neutral society～

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has joined an International Think Tank “Global CCS Institute” (GCCSI). GCCSI is advancing worldwide deployment of CCS (Carbon dioxide Capture and Storage) technology which is necessary for the realization of a carbon neutral society.

CCS is a series of technologies for capturing carbon dioxide (CO2) emitted from power plants, refineries, and factories instead of releasing it into the atmosphere. The captured CO2 is then injected deep into the ground at a carefully selected and safe site, where it is stored. The CCS is a climate change technology that can achieve significant CO2 emission reductions thereby reducing greenhouse gas emissions which is key to the realization of a carbon neutral society in 2050.

“K” LINE is actively promoting CCS-related businesses. In the demonstration test of an onboard CO2 capture system, “K” LINE successfully separated and captured CO2 from the exhaust gas emitted from the vessel for the first time in the world. The result of the demonstration was achieved with the planned performance. (Note 1) In addition, “K” LINE is participating the demonstration project on CO2 ship transportation by New Energy and Industrial Technology Development Organization（NEDO） and conducting research and development that will contribute to the long-distance and large-scale transportation of CO2 in the future. The liquefied CO2 carrier for the demonstration test is being built as the world’s first demonstration vessel for the CCUS project, and “K” LINE is participating in the development of CO2 shipping technology by utilizing our technology and knowledge of safe operation and safe cargo handling of liquefied gas carriers which we have cultivated over many years. (Note2)

GCCSI was established by the Australian government in 2009 to promote the use of CCS technology worldwide, and currently has members from all over the world, including government, industries, and research organizations. GCCSI conducts surveys on the latest trends in CCS business and technology and holds subcommittee meetings to discuss the launch of international CCS projects in the future.

“K” LINE will keep abreast of the international CCS development and will accelerate its consideration of participation in CCS related business by joining GCCSI. We will continue to contribute to the realization of a carbon neutral society based on the “K” LINE Environmental Vision 2050 (Note 3).

Global CCS Institute Outline

The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality and it promotes research, knowledge sharing and awareness raising on CCS related trends. The diverse international membership includes governments, global corporations, private companies, research bodies and non-governmental organizations.

https://www.globalccsinstitute.com/