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"K" Line

“K” Line Financial Highlights for 3rd 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 report.

・Notice of the Third Quarter Financial forecast

https://www.kline.co.jp/en/news/ir/auto_20201225439664/pdfFile.pdf

The information is also available on the website:

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

“K” LINE Held Safety Campaign Meetings 2020-2021 ~ Online Meeting for opinion exchanges and Season’s greetings~

On December 23, we held an online meeting for information and opinion exchanges as a part of our Safety Campaign, as well as Season’s greeting together with the four vessels on voyage, which were; “YAMATOGAWA”, a tanker vessel, “SUMMIT RIVER”, an LPG vessel, together with “OCEANIC BREEZE” and “BISHU MARU”, LNG vessels.  

The captains, chief engineers and crews from the vessels attended the meeting with board members and multiple shore staffs from Tokyo including President Mr. Myochin, Vice President Mr. Asano, Senior Managing Executive Officer Mr. Harigai, Managing Executive Officer and Chief Safety Officer Capt. Aya as well as Mr. Iwaki, President of “K” Line Energy Ship Management Co., Ltd.

President Myochin expressed heartfelt words of appreciation to all the captains, chief engineers and crews of four vessels who have been facing the risks of getting infected with the COVID-19. They have dealt with the situation for safe operation and environmental preservation night and day in order to keep logistics moving as the lifelines of the people all over the world.

One of the captains participated in the meeting mentioned, “It is not easy to take thorough countermeasures to prevent infection under the situation that regulations of each country change day by day. However, seafarers have been highly motivated, and the continued support from all shore staffs making us realize that we are not alone. Wish next year to be a great year.”

We will continuously use all our powers to support, keep and enhance the safe operation under the theme of “Harmony, Team-up, and Unity” by utilizing our existing online tools between seafarers and shore staffs, which then highlights our slogan, “No Ship is Alone”.

Wishing you a Merry Christmas and a Happy New Year.

Reference: Announcement on December 11, 2020:

“K” LINE to Launch Safety Campaign 2020-2021~Unity for Safety~
https://www.kline.co.jp/en/news/csr/csr2826230055673573087/main/0/link/201211EN.pdf

“K” LINE to Launch Safety Campaign 2020-2021 ~ Unity for Safety ~

“K” Line launched the annual safety campaign that started on December 1, 2020 which is scheduled to end in the end of January, 2021. In this campaign, we share the actual accident cases and exchange each opinion among onboard staffs and shore-based staffs, in order to keep and enhance the safe operation.

In view of the current situation with the COVID-19 Pandemic, the company set up the theme “Harmony, Team-Up and Unity” for the campaign in this year to make mutual respects and understandings among Onboard staffs, Shipowners, Ship management companies and us.

The preventive measures to bring COVID-19 onboard shall be top priority for safe operation, therefore in the safety campaign, we are going to have an open conversation amongst seafarers and shore staffs includes top managements by utilizing video conferencing/online meeting as much as possible.

In the safety campaign, we are holding online meetings, so to speak “online ship visitation”. As the first visitation, on December 1, Ship management company in Singapore (KLSM Singapore) and the “K” Line Tokyo HQ visited 7 container ships online and conducted detailed discussions about the importance of safe operation on the basis of actual accident cases in past.  It was really great opportunity for both onboard staffs and shore-based staffs to share real voices, suggestions each other, as well as to confirm our mission to each and every one towards the common goal “SAFE OPERATION”.

Safety in navigation is an immutable mission in a shipping business. We will continuously bring our powers to keep and enhance the safe operation under the theme of “Harmony, Team-up, and Unity” by utilizing our existing online tools between seafarers and shore staffs, which then highlights our slogan, “No Ship is Alone”.

Video Release: “K” Line’s Seasonal Greetings to All Frontliners, Seafarers and Families (Christmas Version)

Despite the difficulties that we have been facing due to the coronavirus pandemic, now is one of the most important time to share the love, joy and happiness to everyone.

This yuletide season reminds us of each and everyone’s strength, light and hope. We are all in this together and we will get through these challenging times.

Through a simple video, “K” Line and with thousands of its maritime frontliners are wishing a wonderful, safe, and a healthy Christmas to everyone, especially to all the COVID-19 frontline workers, seafarers and their families,

The video is published on “K” Line’s official YouTube.

Everyone is very welcome to post their warmest Christmas greetings under the comment section of the YouTube video.

“K” Line Movie: Seasonal Greetings to All Frontliners, Seafarers and Families

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

Again, wishing everyone all the best for the Christmas season and beyond.

June 17, 2020 release:

VIDEO RELEASE: TRIBUTE TO OUR SEAFARERS

https://www.kline.co.jp/en/news/csr/csr2805416148132644272/main/0/link/200617EN%20.pdf

“K” Line Movie: Thank you Seafarers ~Unsung Heroes~

“K” LINE Awarded CDP’ s “A List 2020” on Climate Change – Earning Highest Rating “A” for Five Consecutive Years

“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

“K” Line take delivery of 100,000-dwt Bulk-Carrier “CAPE ACE”

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.

Participation in the “Japan Hydrogen Association”

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

“K” Line Listed on the Dow Jones Sustainability Asia Pacific Index, a Leading Index for ESG Investment, for 10 consecutive years

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 : Certified for Cyber Security Management System in also Singapore

“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.

Certificate presentation ceremony on board the ship

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.

“K” Line Financial Highlights for 2nd quarter FY2020

5th 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/