"K" Line

“K” LINE is pleased to announce that the company was recognized as ”A List 2020”, the top rating, on climate change from CDP, which is a non-profit global organization (NGO) engaging in activities for realizing sustainable economy, on December 8.  The ”A List” is awarded to companies that are evaluated as global leaders in their response to climate change.

Among the companies that disclosed their climate change information in response to a questionnaire sent from CDP on behalf of 515 institutional investors with total assets of over 106 trillion US dollars, 270 companies whose measures against climate change such as emissions reduction activities in the reported year were regarded as outstanding were recognized in the “A List”. 53 Japanese companies were in the list and only 4 companies were selected for more than five consecutive years.

In June 2020, we revised the “K” LINE Environmental Vision 2050, which was originally formulated in March 2015, in order to further refine the Group’s strengths of “safety”, “environment”, and “quality”.

Regarding “Decarbonization”, as one of 2030 interim milestones, “K” LINE set CO2 emission efficiency improvement by 50% over 2008, which is ahead of International Maritime Organization(IMO) target by 40%. We are proceeding with new technologies and businesses aiming for zero GHG emissions such as the introduction of the automatic kite system, “Seawing”, using natural wind energy, the LNG-fueled car carrier scheduled to be completed within this fiscal year, and the first Ship-to-Ship LNG fuel supply business in Japan that started in October 2020. 

As an environmental front runner, we will continue to aim for the realization of business in which more people throughout the world can enjoy the benefits of more environmentally low-impact and high-efficiency marine transportation.

* Please see the following for details of our “K” LINE Environmental Vision 2050.

https://www.kline.co.jp/en/csr/environment/management.html#002

Today, construction of “CAPE ACE” 100,000-dwt bulker has been completed by Namura Shipbuilding Co., Ltd. Imari Shipyard & Works and delivered to us.

The ship is compliant with the Common Structural Rules for Bulk Carrier (CSR-BC) for bulk cargo ships. She has wide shallow hull shape with 6 cargo holds which enables to load more cargo compared to Panamax size vessel. She is equipped with “NCF” (Namura flow Control Fin) on her stern and “Rudder Fin” on her rudder both of which are unique products of Namura Shipbuilding Co., Ltd., and such equipment improve her propulsion performance by aligning water flow in front and back of propeller. Together with an electronically controlled engine, the vessel is expected to save fuel consumption and reduce environmental impact.

After the delivery, she is engaged in iron ore and coal transport for a Japanese steel mill under long term contract.

With a large number of vessels from various types with various sizes – from very large to small -, “K” Line offers its customers a unique range of transport services. “K” Line will remain committed to flexibly and actively responding diversifying needs for shipments of ore and other iron-bearing raw materials.

Vessel Particulars

LOA                       :              249.94M

Width (Moulded)    :              43.00M

Depth                    :              18.70M

Draft(Moulded) :                    12.90M

Deadweight           :              101,314T

Gross Ton              :              60,133T

Main Engine          :              MAN B&W 6S60ME-C8.5

Speed                   :              14.0KTS

Class                     :              NK

Flag                       :              Panama

Builder                   :              Namura Shipbuilding Co., Ltd.

We are pleased to announce that we have participated in the “Japan Hydrogen Association”　founded by and among numerous private companies who are aiming for the building and enhancement of the hydrogen society. The association will promote global cooperation in hydrogen-oriented activities as well as establishment of supply-chain of hydrogen.

In pursuit of the principle in our long-term guideline concerning environment, “K” LINE Environmental Vision 2050 – Blue Seas for the Future, under which we have promised not only to reduce the emission of greenhouse gas (GHG) from our own fleet but also to encourage decarbonization of society, we are diligently working toward our goal to become a leading player to supply and transport new energy.

The hydrogen is expected to play a central role to solve global warming. We have decided to participate in the association because its initiative – implementation of hydrogen in the society and encouragement to develop hydrogen industry through collaboration with various stakeholders – is fully aligned with our principle to drive decarbonization of ourselves and the society.

We will continue to devote our utmost effort to achieve environmentally low-loaded service to realize decarbonized society as our priority issue

Planned activities of “Japan Hydrogen Association”

1. Proposal and coordination of projects for the social implementation of hydrogen
2. Consideration of fund, its launching, and basic administration and management.
3. Policy proposal for the demand creation, and deregulation.
4. International activities.
5. Information gathering inside and outside Japan, analysis, and publicity.

References : “K” LINE’s Activities in relation to hydrogen

September 4, 2020 release:

Launch of Kobe/Kansai Hydrogen Utilization Council

https://www.kline.co.jp/en/news/Liquefied_gas/Liquefied_gas4587140778761113582/main/0/link/200904EN.pdf

December 19, 2019 release:

Participation in “CO₂-free Hydrogen Energy Supply-chain Technology Research Association (HySTRA)”～Towards the Realization of a Hydrogen Society, “K”LINE will be involved in the Demonstration of the World’s First Liquefied Hydrogen Carrier ～

https://www.kline.co.jp/en/news/Liquefied_gas/Liquefied_gas6775753940900439662/main/0/link/20191219_en%20%20.pdf

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has been selected again as an Asia Pacific Index component of the Dow Jones Sustainability Indices (DJSI), one of the leading global indices for ESG investing, for the 10th consecutive year since 2011.

DJSI, the index provided by S&P Dow Jones Indices, measures the performance of companies in terms of economic, environmental and social criteria, through a corporate sustainability assessment, and only includes companies with remarkable performance. Among those indices, Asia Pacific Index selects 158 companies in the Asia-Pacific developed region (including 82 Japanese companies) as components, as a result of sustainability assessment of 606 largest companies in the region. Launched in 1999, DSJI is one of the first global sustainability benchmarks for investors which integrate sustainability consideration into their portfolios.

We have defined initiatives towards sustainability as an important management issue. We will continue striving to fulfill our social responsibility through our business activities and contribute to sustainable progress of the society.

“K” Line Ship Management (Singapore) Pte Ltd (KLSM SGP), a group company of Kawasaki Kisen Kaisha, Ltd (“K” Line), was certified by ClassNK for Cyber Security Management System (CSMS) recently after CSMS acquisition of “K” Line Energy Ship Management Co., Ltd.,Tokyo. (Note 1)

The ship management companies in “K” Line group are not only targeting to acquire the CSMS certification but have been working on the development of practical measures and guide to safely protect ships from Cyber Security threats as first priority. KLSM SGP has been incorporated Cyber Security Management into Safety Management System (SMS) manual and developed Cyber Security Management Plan (CSMP) and its guide (CSMG) as supplementary volume, and KLSM SGP and container ship “ONE HAMBURG” managed by KLSM SGP acquired CSMS certification.

KLSM SGP prepared under the various restrictions imposed by COVID-19, and the certification process by ClassNK was completed on October 15, 2020. All vessels under the management of KLSM SGP will be equipped with required IT equipment and arrangements for Cyber Security measures in accordance withy the certified guide in the same manner as “ONE HAMBURG”.

We will provide the safer and best maritime transport service by strengthening protection against cyber risks on both shore and ships.

5^th November 2020

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

Please click the following addresses to read our reports.

・Financial Highlights for 2nd quarter FY2020

https://www.kline.co.jp/en/news/ir/ir7459471588023720853/main/0/link/2020_2_report_e.pdf

・Notice on Revised Forecast of Financial Results for Fiscal Year ending March 2021

and Dividend policy (No Interim Dividend)

https://www.kline.co.jp/en/news/ir/auto_20201104414965/pdfFile.pdf

This is also available on the website :

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

K” Line Maritime Academy (KLMA) Japan (Machida City, Tokyo) have obtained certification from Norwegian certification organization DNV GL for seafarers Online training.

LNG seafarer training by KLMA Japan, “LNG SIGTTO STANDARD TRAINING COURSE” (Note 1), was certified by DNV GL in 2007 that it adapts to the international seafarers training standard. Recently Online course delivery using the internet is added to the conventional face-to-face training and the certification range is enlarged. This is the first certification by DNV GL for Online seafarers training in Japan.

We place KLMA Japan as a core of our seafarers training system “K” Line Maritime Academy (KLMA). By adopting “Online” method, we have established a training system that eliminates the risk of infection due to the movement of trainees and face-to-face lectures during the COVID-19 pandemic. This enables us for maintaining safety in navigation which is fundamental to our business operations.

Expanding safety, environment and quality initiatives is one of our business policies to create corporate value. Growing seafarers is important mission to accomplish it. By providing continuous, high-quality training to our seafarers through KLMA, we promote safe operation and environmental conservation which lead to higher quality marine transportation.

Note1: SIGTTO (Society of International Gas Tanker and Terminal Operators Limited)

Membership that includes the major oil companies, gas, electric and gas tanker transport companies, is an organization that aims at ensuring the safety of the LNG and LPG business, from production/transport to consumption.

~Supply eco-friendly fuel by first LNG bunkering vessel in Japan~ 

Kawasaki Kisen Kaisha, Ltd. (“K” Line), hereby announce commencement of LNG bunkering business in the Chubu region through its joint venture company (Note 1) with JERA Co. Inc. (JERA), Toyota Tsusho Corporation and Nippon Yusen Kabushiki Kaisha (NYK).

On October 20, First LNG bunkering vessel in Japan,“Kaguya” (Note 2), owned by the joint venture company made historic first Ship-to-Ship (Note 3) LNG fuel supply in Japan to a car carrier “Sakura Leader” which will be operated by NYK at the construction yard of Shin Kurushima Toyohashi Shipbuilding Co., Ltd.

“Kaguya”, based at JERA’s Kawagoe Thermal Power Station, will supply LNG fuel to “K” Line’s first LNG-fueled car carrier that is scheduled to be delivered by the end of FY2020.

In the global shipping industry, the International Maritime Organization (IMO) has set a goal of halving greenhouse gas (GHG) emissions from international shipping by at least 50% by 2050 compared to 2008. With increasing the delivery of LNG fueled vessels that are capable of reducing GHG emissions, “Kaguya” will be having an important role for stable LNG fuel supply.

“K” Line Group sets safety, environment and quality as key management issues and is working towards reducing GHG emissions based on its long-term environmental policy “Environmental Vision 2050” (Note 4). By expanding LNG-fueled vessels with LNG fuel bunkering business, we will contribute to the reduction of environmental burdens.

(Note 1) Joint Venture Company

Central LNG Shipping Japan Corporation and Central LNG Marine Fuel Japan Corporation

https://central-lng.com/en/

(Note 2) Principal Particulars of “Kaguya”

LNG cargo tank capacity : 3,500 m3

Gross tonnage  : 4,044 tons

Length overall  : 81.7 m

Breadth  : 18.0 m

Shipyard  : Kawasaki Heavy Industries, Ltd., Sakaide Works

(Note 3) Ship-to-Ship Bunkering

A method of bunkering where an LNG bunkering vessel comes alongside an LNG-fueled vessel to supply LNG at different locations such as along the quay or pier or at anchor.

(Note 4) ”K” Line Environmental Vision 2050

“K” Line group formulated the “K” Line Environmental Vision 2050 in March 2015. Revised June 2020 edition sets CO2 reduction milestones for 2030 that exceed the IMO’s targets which includes plans to “introduce LNG-fueled ships” and “commercialization of LNG fuel supply”.

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce the publication of “K” LINE REPORT 2020.

The purpose of the report is to provide all “K” LINE stakeholders with a better understanding of the Group’s basic policies and activities for improving our corporate values as well as providing both financial and non-financial information.

This report is composed of the following contents.

“K” LINE REPORT 2020 is available on “K” LINE’s website at https://www.kline.co.jp/en/ir/library/report.html

“K” Line Group subsidiary “K” Line Energy Ship Management Co., Ltd. (K-ENE) and Very Large Crude Carrier (VLCC) “SETAGAWA” managed by K-ENE were accredited by Class NK for Cyber Security Management System (CSMS). The certificate presentation ceremony was held on Oct. 2, 2020.

In recent years, information transmission such as ship operation data to the shore, and telecommunication between the ship and shore via internet connection tend to increase. Our company also advances fully equipping with the onboard ICT devices and computer network to promote developing utilization of IoT onboard and the telecommunication between the ship and shore, with a goal of enhancing the quality of safety.

Under these circumstances, it is necessary to take appropriate actions as maritime cyber risk management. As an international effort, a resolution for the maritime cyber risk management was passed by the International Maritime Organization (IMO) which is one of the UN organizations. Our company also had been proceeding with the preparations for appropriately dealing with maritime cyber risks in accordance with the CSMS guidelines of Class NK. Although they were evaluated under the effect of COVID-19, CSMS Certification was acquired by remote-evaluation with Class NK.

Currently, in terms of other types of ships, the preparations for acquisition of CSMS Certification have been proceeded. “Safety” forms the basis of our group business whose essential task is maritime transportation. Hence, we will provide the safer and best maritime transport service by strengthening protection against cyber risks.

Actions for Cyber-Security Risk

The resolution of “MSC.428(98): Maritime cyber risk management in safety management systems” was passed at the IMO Maritime Safety Committee which was held in June 2017. It is recommended that the cyber risks are under appropriate control in SMS manual by the first annual audit of “Document of Compliance (DOC)” after Jan. 1, 2021.