Communications are the press relations consultancy for the Shipping and logistics industry
June 19, 2025
Kawasaki Kisen Kaisha, Ltd.
The article published on June 19, 2025 in the Nikkei newspaper (online edition) stating that media suggesting that Kawasaki Kisen Kaisha, Ltd. (“K” LINE) considers equity finance. “K” LINE would like to clarify that it is NOT considering such equity finance.
On June 17, 2025, a naming ceremony was held for the liquefied CO2 carrier “NORTHERN PATHFINDER” (the Vessel) newly built for Northern Lights JV DA (Northern Lights)*1 in Oslo, Norway. She is the second of three same designed vessels for which Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has been awarded for their ship managements. The Minister of Education of Norway, other government officials, Managing Director of Northern Lights Tim Heijn and people involved in the project were invited to attend the ceremony. Director and Chairperson of the Board Yukikazu Myochin attended as a representative of “K” LINE.
The Norwegian Ministry of Energy organized the Longship Launch Event held on the day of the ceremony and the following day to celebrate the official commencement of the Longship project.*2 On June 18, members of the Norwegian Royal Family, government officials, and people involved in the project were welcomed onboard the Vessel.
The Vessel will be deployed in the world’s first full-scale carbon capture and storage (CCS) value chain project*3, transporting liquefied CO2 from recovery facilities in Norway to a receiving station in عgarden in western Norway. The Vessel will be managed by “K” LINE ENERGY SHIPPING (UK) LIMITED, a London-based subsidiary of “K” LINE.
The Vessel was delivered at Dalian Shipbuilding Industry Co., Ltd. on December 27, 2024 and successfully moved to Norway.
In line with “K” LINE Environmental Vision 2050, its long-term environmental policy, the “K” LINE group is actively promoting various initiatives aimed at supporting our own decarbonization efforts and those of society. “K” Line will drive the CCS business and leverage the knowledge gained from the operation of liquefied CO2 carriers in future business development with the aim of achieving a sustainable society and enhancing its corporate value.
*1 Northern Lights was established in March 2021 through a trilateral joint investment by Equinor, Shell and TotalEnergies, responsible for the transportation and storage of liquefied CO2 in the project.
*2 The Longship Project is the world’s first international full-scale CCS project for capturing, transporting, and storing industry-derived carbon dioxide (CO2) under the sea bed led by the Norwegian government. As one of the components of the Longship Project, the Northern Lights Project is responsible for the transportation of captured CO2 by ship and its storage under the seabed of the North Sea.
*3 January 30, 2025: Delivery of Liquefied CO2 Carrier “NORTHERN PATHFINDER” to Northern Lights
https://www.kline.co.jp/en/news/liquefied_gas/liquefied_gas-20250130.html
*4 November 26, 2024: Ready for Delivery of Liquefied CO2 Carrier “NORTHERN PIONEER” to Northern Lights
https://www.kline.co.jp/en/news/liquefied_gas/liquefied_gas-20241126.html
Intermodal South America 2025 is the largest logistics-related exhibition in South America and attracts more and more attention every year as a place where many companies closely related to our car carrier business, including those in the automobile and construction equipment industries, freight forwarders, and trading companies, gather to exchange information on the latest technologies and trends. This year’s event attracted 500 exhibitors and more than 44,000 visitors.
Our exhibition booth experienced a steady flow of visitors, including long-term clients, new partners, and key industry stakeholders. In addition, the event served as an opportunity to connect with freight forwarders and project cargo shippers.
Many visitors expressed admiration for “K” LINE’s innovation, leadership, and enduring commitment to providing sustainable logistics solutions in the region.
Following Intermodal, on April 25, 2025, Americas Agent Meeting was held in São Paulo, bringing together with 10 Latin American countries’ agents and about 50 global executives to exchange information on market condition and business strategies. A highlight of the session was an inspiring presentation by Mr. Lierson Gomes, General Motors South America Logistics and Purchasing Director. His presentation title was “Logistics Digital Transformation”, offered insightful perspectives on the evolving logistics landscape.
These events further make “K” LINE Car Carrier Division’s market presence stronger in Latin America, while reinforcing the company’s global presence and strategic vision for future growth.
Singapore/London, 17 June 2025 – “K” LINE ENERGY SHIPPING (UK) LIMITED (“KLES”), a London-based subsidiary of Kawasaki Kisen Kaisha, Ltd. (“K” LINE), and Yinson Production have entered into an agreement to jointly develop and market solutions for the transportation and injection of liquefied CO2, leveraging each party’s respective core expertise. Under the memorandum of understanding (MoU), KLES and Yinson Production will jointly develop and market a floating storage and injection unit (FSIU) and a liquefied CO2 carrier. The collaboration will target carbon capture and storage (CCS) projects being developed mainly in Europe.
For CCS projects worldwide, offshore sequestration is a safe and efficient way of permanently storing large volumes of CO2. FSIUs are well suited to serve as a safe, reliable and cost-efficient solution for offshore CCS projects where it is difficult to secure sufficient land for an onshore CO2 receiving terminal, or where the distance between a receiving terminal and the offshore storage site would require an extended pipeline. As such, FSIUs are being considered for several projects, including the Havstjerne carbon storage project in Norway. The Havstjerne carbon storage project is 40% owned by Stella Maris CCS, a unit of Yinson Production.
Yinson Production operates a fleet of floating production, storage and offloading (FPSO) and floating storage and offloading (FSO) vessels and has extensive expertise in engineering, design, and operations in the offshore energy sector. Since 2021, Yinson Production has been steadily developing its carbon value chain, with direct investment in carbon capture technologies.
The “K” LINE Group has a long history and diverse track record in owning, operating and managing liquefied gas carriers. Since 2024, KLES has managed two liquefied CO2 carriers for the world’s first commercial CO2 transport and storage service.
The thriving partnership that “K” LINE and Yinson Production have cultivated began in 2018 in the FPSO sector. Both parties co-own FPSOs Anna Nery and John Agyekum Kufuor in Brazil and Ghana, respectively. Through this MoU, the companies further strengthen their partnership and leverage their combined expertise to develop integrated solutions for the transportation and injection of liquefied CO2 in the CCS value chain. This initiative supports the decarbonisation of industries and society.
Lars Gunnar Vogt, Chief Technical Officer of Yinson Production, said: “This collaboration with “K” LINE builds on our longstanding relationship and complements our deep knowledge of offshore marine systems. By combining our FPSO and offshore engineering expertise with “K” LINE’s proven CO2 shipping capabilities, we are well positioned to contribute to the development of innovative services that will enable large-scale carbon transport and storage. This provides a one-stop solution to help industrial emitters achieve their decarbonisation targets. We look forward to supporting the growth of the CCS sector and accelerating progress toward global decarbonisation.”
Kei Onishi, Corporate Officer of “K” LINE, said: “Our collaboration with Yinson Production builds on a strong foundation established through FPSO business and reflects our shared commitment to enabling scalable CCS solutions. By combining their offshore engineering expertise with our experience in CO2 shipping, we are developing an offshore unloading capability and bespoke transport solutions to serve a broader range of CO2 storage sites. This will complement traditional port-to-port transport models for CCS Value Chain and offer emitters greater flexibility in meeting their decarbonisation goals.”
In line with “K” LINE Environmental Vision 2050, its long-term environmental policy, the “K” LINE Group is actively promoting various initiatives aimed at supporting its own decarbonisation efforts and those of society. “K” LINE will drive its CCS business with the aim of achieving a sustainable society and enhancing its corporate value.
About Kawasaki Kisen Kaisha, Ltd. (“K” LINE)
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) founded in 1919 is one of the largest shipping companies in the world. “K” LINE has a long history and diversified track-record in ownership and technical management of liquefied gas carriers since delivering its first LPG carrier in 1974 and first LNG carrier in 1983. Based on such extensive experience of safe navigation and cargo operation of liquefied gas carriers, “K” LINE will contribute to safety and reliable liquefied CO2 transportation in the new CCS market. “K” LINE Group, as a globally trusted logistics company rooted in the shipping industry, will continue to work toward realizing low-carbon and carbon-free business operations and supporting decarbonization of society as a whole in order to realize a sustainable society and increase its corporate value, based on its corporate philosophy of “helping make the lives of people more affluent”.
About Yinson Production
“Passionately delivering powerful solutions”
Yinson Production is a leading independent owner and operator of floating production, storage and offloading (“FPSO”) vessels worldwide. With a current fleet of 10 vessels, Yinson Production has an order book of over USD 19 billion until 2048 and global presence in 10 countries.
Yinson Production’s position as a top tier FPSO contractor is driven by its excellent track record in project execution, industry-leading safety and uptime performance, and a leadership position in sustainable FPSO designs. Yinson Production’s innovative Zero Emissions FPSO Concept is paving the way for the decarbonisation of the FPSO industry.
Yinson Production is a business of Yinson Holdings Berhad, a global energy infrastructure company active in offshore energy with Yinson Production, renewable energy with Yinson Renewables, and green technologies with Yinson GreenTech.
For more information, please visit www.yinson-production.com
“K” LINE Group Environmental Awards 2025 Ceremony held on June 4, 2025.
The awards were established to honor and give recognition to outstanding environmental-preservation activities undertaken by both executives and employees working throughout the “K” LINE Group. This year marks the 11th awards ceremony since the establishment of the awards in 2015. We accepted many entries from our group companies both in Japan and overseas. The activities of eight companies — one “Grand Award” , four “Excellence Awards” and five “Special Award” were selected from such standpoints as “Creativeness,” “Challengingness,” “Contribution to the environment,” “Consistency” and “Spillover Effect” and they received the awards from our President.
Awardees of the “K” LINE Group Environmental Awards are as follows:
GRAND AWARD
CLK Cold Storage Company Limited*1
CLK operates refrigerator/freezer warehouse in Vietnam. In 2021, the company installed its first set of solar panels, and in 2022, additional panels were added. In its ongoing efforts to explore new environmental conservation and cost-saving measures, the company achieved further reductions in CO2 emissions and costs by introducing energy-saving equipment in September 2024.
<CO2 Reduction Achievements>
Solar panels
CO2 Emissions Reduced: Equivalent to 589 tons (November 2021 – December 2024)
Energy-saving devices
CO2 Emissions Reduced: Equivalent to 12 tons (October 2024 – December 2024)
EXCELLENCE AWARDS
Kawasaki Kinkai Kisen Kaisha, Ltd.
By utilizing GPS technology, Kawasaki Kinkai Kisen has enabled real-time management of vehicle location, cargo status, and trailer availability, leading to improved dispatch efficiency.
This initiative is also expected to help accommodate increasing demand for Ro-Ro vessel transport amid a shortage of truck drivers.
Kawasaki Kisen Kaisha, Ltd., General Affairs Group,
During the replacement of emergency stockpiles, “K” LINE General Affairs Group implemented reuse, donation, and recycling of supplies. In addition, the management method was revised to a centralized company-wide system, contributing to reduced ordering workload and more efficient use of storage space.
“K”Line Logistics, Ltd.
As a freight forwarder, “K”Line Logistics encourages shippers to participate in SAF programs, thereby contributing to the reduction of their Scope 3 emissions and supports CO2 reduction across the entire supply chain.
K Line Container Service (Thailand) Ltd. (KCST)*2
Carried out a variety of environmental initiatives, including tree-planting with students,
promoting reusable materials in warehouse operations, reducing waste, and conducting regular clean-up activities around its facilities.
SPECIAL AWARD *Accumulation 10 entries
The “K” LINE Group will continue to broadly share environmental preservation activities being addressed within our Group companies via the presentation of these annual “K” LINE Group Environmental Awards in order to demonstrate the environmental preservation activities by the entire Group. Through this emphasis on continuing to aggressively contribute to environmental preservation and biodiversity protection, we will successfully accomplish our mission, i.e., “Passing on a sustainable society and this blue and beautiful ocean to the next generation” as expressed in “K” LINE Environmental Vision 2050.
*1 CLK Cold Storage Company Limited
Joint-venture established in 2015 by Kawasaki Kisen Kaisha, Ltd. , Cool Japan Fund Inc. and Japan Logistic Systems Corp.
With state-of-the-art, energy-saving Cold Storage facilities in the suburbs of
Ho Chi Minh City, it provides high-quality, high-value-added, Japanese-style services.
*2 K Line Container Service (Thailand) Ltd. (KCST)
KCST own three warehouses and an inland container depot in Thailand.
KCST provide Import/Export Customs Clearance, Land Transportation, Warehousing,
Machinery Installation, Container Depot Operation.
Please be advised that “K” LINE Tokyo Head Office published the following press release today.
Please refer to the attached PDF document for details.
・ Notice of Occurrence of Non-Operating Income by Dividends Income
This document is also available on their website both in English and Japanese.
Kawasaki Kisen Group (“K” LINE Group) is pleased to announce that the vessel OCEANIC BREEZE, managed by K MARINE SHIP MANAGEMENT PTE. LTD., our in-house ship management company, received the Director-General Award from the Japan Meteorological Agency (JMA) at “K” LINE’s Tokyo head office on June 3. The award recognizes the vessel’s longstanding contributions to maritime weather observation and reporting, which have greatly advanced the country’s meteorological services.
The JMA presents the Director-General of the Japan Meteorological Agency Award to vessels engaged in maritime weather observation and reporting every June 1,*1 which is Meteorological Memorial Day.
Maritime weather observation is considered significantly more challenging than land-based observation due to geographical and technical constraints, with a particularly evident lack of observational data in the vast open ocean. In these circumstances, weather reports from vessels are a valuable source of data for meteorological agencies around the world. These reports are not only utilized in the development of weather forecasting models and weather charts in various countries but also contribute to ensuring the safety of maritime traffic, the early detection of extreme weather, and the research and monitoring of global climate change. As mobile observation platforms, ships are indispensable components of the modern meteorological observation network. The continuation of these reporting activities significantly contributes to future weather disaster prevention and environmental conservation efforts.
The “K” LINE Group will continue to contribute to the development of meteorological services in Japan by providing maritime observation data to the JMA.
*1 Meteorological Memorial Day:
The Tokyo Meteorological Observatory, the JMA’s predecessor, began Japan’s first meteorological and seismological observations on June 1, 1875. To commemorate this event, the Central Meteorological Observatory declared June 1 to be Meteorological Memorial Day in 1942. The annual Meteorological Memorial Day ceremony honors individuals and organizations that have significantly contributed to meteorological services. This year marks 150 years since the Tokyo Meteorological Observatory began its observations.
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that it has introduced the operation management platform Veson IMOS Platform (IMOS, provided by Veson Nautical) as part of its digital transformation (DX).
IMOS is an integrated platform that optimizes operation management tasks such as charter contracts, cargo contracts, fuel, and accounting. It is equipped with advanced functionalities that support data utilization and decision-making, helping to optimize operational efficiency by making use of operational data.
“K” LINE has previously been using multiple systems dedicated to specific tasks, such as charter contracts and accounting, but IMOS has now been introduced with the goal of unifying and standardizing work processes. In addition to simply replacing previous systems, the introduction of IMOS will foster the ability to quickly adapt to changes in the business environment, while at the same time allowing “K” LINE to overcome legacy corporate culture and to offer customers more value.
“K” LINE’s Medium-Term Management Plan frames DX as a business foundation that is of key importance to the company’s management strategy, along with safety, vessel quality control, and environmental and technological sophistication. Centering on “K” LINE’s Group-wide DX promotion, the aim is to build a solid business foundation and achieve a sustainable improvement in corporate value by utilizing data and digital technology to address issues related to safety and quality improvements while cutting CO2 emissions.
Standardizing Calculation Methods to advance decarbonisation across the shipping industry
On April 14, the Global Ro-Ro Community (GRC)* including Eastern Car Liner Ltd., Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., Nippon Yusen Kabushiki Kaisha, Wallenius Wilhelmsen ASA, and ClassNK (hereinafter referred to as the “six members”), announced guidelines for calculating GHG emission intensity for Ro-Ro ships,** such as car carriers, in conjunction with the international non-profit organization Smart Freight Centre (SFC),*** aiming to reduce greenhouse gas (GHG) emissions in the logistics sector. These guidelines introduce a common calculation method, enabling shippers to accurately measure Scope 3**** emissions, and will further promote decarbonization in the shipping industry.
In recent years, interest in carbon emissions (carbon footprint) throughout the lifecycle of products and services has been increasing. But this has not been without challenge, in particular, the accurate measurement of GHG emissions in maritime transport and differences arising in individual calculation methods.
The six members participated in the GRC hosted by SFC and developed a standard model for calculating GHG emissions through open discussions ensuring fairness and transparency with stakeholders involved in Ro-Ro ships (shipping companies, shippers) and third-party verification organizations. The standard model complies with the ISO 14083***** and GLEC (Global Logistics Emissions Council) framework and was announced at the SFC annual event “Smart Freight Week” held in Amsterdam in March. Derived from the standard model presented by GRC, it now features as a set of guidelines on the SFC website. In the future, the SFC plans to collect actual data on environmental performance on a ship-by-ship basis and publish average high-precision emission intensity data for the industry.
Consequently, the initiative provides a cross-industry first step towards decarbonizing global logistics and contributes to promoting measures against global warming.
The guidelines：Deep-sea Ro-Ro Ship Greenhouse Gas Emission Intensity Calculation Methods
* Global Ro-Ro Community (GRC) Established in April 2024, the GRC is composed mainly of major Ro-Ro operators, which account for approximately 80% of the world’s automobile transport capacity.
** Ro-Ro Ships Cargo vessels that allow automobiles, trucks, trailers, construction machinery, and agricultural machinery to drive directly onto the ship. This includes car carriers and ferries.
*** Smart Freight Centre (SFC) Based in the Netherlands, SFC is a non-profit organization that operates globally to address climate change in the freight transport sector. It has a track record of developing guidelines for calculating GHG emissions from Ro-Ro ships within Europe.
**** Scope 3 Indirect GHG-emissions associated with an entire corporate supply chain, including emissions that occur across the supply chain and outside the organization’s direct control, such as raw-material sourcing, product transport, product use, and disposal.
***** ISO 14083 An international standard for the calculation and reporting of GHG emissions, focusing specifically on emissions from freight and passenger transport.
ISO 14083:2023 – Greenhouse gases — Quantification and reporting of greenhouse gas emissions arising from transport chain operations.
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that it has received a visit from 16 students from International Trading Institute, Lee Kong Chian School of Business, Singapore Management University (SMU).
Since its establishment in 2000, SMU has produced a large number of human resources to trading industry, including marine transportation, and offers Industry Study Mission, overseas company visit programme, for students specializing in maritime business or global trading. This year, Tokyo was selected as the place to visit, and “K” LINE has decided to cooperate on the programme since Singapore is an important business base for the company.
At the company visit on May 13, 2025, “K” LINE offered a two-hour programme, including a lecture on its business and environmental initiatives followd by a Q&A session, during which the students asked various questions actively. They seemed to be particularly interested in “K” LINE’s environmental initiatives.
“K” LINE will continue to promote understanding of the shipping industry by accepting company visits and cooperate in the development of the next generation.