"K" Line

Kawasaki Kisen Kaisha, Ltd. is pleased to announce that construction contract for 210,000-dwt Bulk Carrier to be completed in 2021 fiscal year has been made with Japan Marine United Corporation.

After delivery from the yard, the vessel will be put into a consecutive voyage as per contract signed with JFE Steel and will be engaged in iron ore and coal transportation.

The main features of this vessel will comply with NOx emission regulations (Tier III) and be  equipped with SOx scrubber that removes SOx from the exhaust gas for complying with SOx emission regulations that will be enforced worldwide from January 2020. This vessel is also an energy-saving type that achieves both increased cargo weight and reduced fuel consumption compared to conventional ships. In addition, she is a state-of-the-art vessel that meets the EEDI (Energy Efficiency Design Index), which is a GHG (Greenhouse Gas) emission regulation, taking into consideration the Phase 2 level applied to contracted vessels after 2020.

Our Coal & Iron Ore Carrier Group fleet is dedicated to responding flexibly and proactively to customer needs for environmental responses that are expected to expand in the future, while also strengthening our efforts to successfully achieve GHG reduction targets in our “K” LINE Environmental Vision 2050 as well as IMO.

Vessel Particulars (All figures are approximate)

LOA                :        299.99M

Width             :        50.00M

Depth             :        25.00M

Draft               :        18.40M

Deadweight   :        211,000T

Gross Ton      :        108,900

“K” LINE expresses its concurrence with “Getting to Zero Coalition” (note 1 below), a corporate alliance launched at the United Nations Climate Action Summit in September 2019.

In “Getting to Zero Coalition”, in order to achieve the GHG（Greenhouse gas）reduction target set by IMO (International Maritime Organization), GHG total emission reduction by half from international shipping by 2050, the goal of realizing the operation of ships by zero-emission fuel on a commercial basis has been established, and more than 90 companies and institutions representing the maritime, energy, infrastructure and financial sectors have currently participated.

In our medium-term management plan, we have set ESG (Environment, Society and Government) initiatives as a key management issue. As for the field of the environment, we are advancing measures in accordance with “K” LINE Environmental Vision 2050 – Securing Blue Seas for Tomorrow－(note 2 below). In particular, with regard to tasks for climate change, “CO2 emission reduction of 25% by 2030” which is set in our “K” LINE Environmental Vision 2050, was approved to be scientifically consistent with the level achieving the “Paris Agreement” set binding “2℃ goal” and obtained certification, “ Science Based Target Initiative (SBT Initiative)” (note 3 below).

In addition, we started activities for promoting the environmental management system “DRIVE GREEN NETWORK (DGN)” (note 4 below) with 14 affiliates of the “K” Line Group (Phase 1) in 2017, and we have expanded its range to cover our major overseas companies as Phase 3 during our 100^th Anniversary this year.

As an environmental front runner, we will continue to work toward the goal for 2050, aiming for the realization of our marine transportation business being more environmentally low-loaded and highly efficient from which more people throughout the world can benefit.

(note 1) “Getting to Zero Coalition”

Partnership among Global Maritime Forum, Friends of Ocean Action, World Economic Forum.

Please refer to the following link for details.

https://www.globalmaritimeforum.org/getting-to-zero-coalition

(note 2) “ “K” LINE Environmental Vision 2050－Securing Blue Seas for Tomorrow－”

CO2 emission by 50% for 2050 as one of the goals

Please refer to the following link for details.

https://www.kline.co.jp/en/news/other/other2292932378768149328.html

(note 3) SBT Initiative

Please refer to the following link for details.

https://www.kline.co.jp/en/news/other/other6417039574512811908.html

(note 4) “DRIVE GREEN NETWORK” (DGN)

Please refer to the following link (P.35) for details.

https://www.kline.co.jp/en/ir/library/report/main/01114/teaserItems1/00/file/Kline%20report2019en-s.pdf

OCTOBER 31^st, 2019

Financial Highlights for 2nd quarter FY2019 :

https://www.kline.co.jp/en/news/ir/ir20191031e/main/0/link/2019_2_report_e.pdf

Notice on Differences between Consolidated Financial Forecasts and Results for 1st Half of Fiscal Year ending March 2020 and Dividend from Retained Earnings (No Interim Dividend) :

https://www.kline.co.jp/en/news/ir/auto_20191030415156/pdfFile.pdf

If you cannot open the URL, please try to access the Website.

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

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided in a board meeting held today on changes of the responsibilities of Executive Officer.

Changes effective as of January 1, 2020
Position : EXECUTIVE OFFICER
Name : SATOSHI KANAMORI
Responsibilities :
(Present) In charge of LNG, Energy Business Planning,
General Manager of Energy Business Planning Group
(New) In charge of LNG, Energy Business Planning, Fuel
Strategy & Procurement, General Manager of Energy Business Planning Group

Please see the full list of responsibilities of Executive Officers scheduled on and after January 1, 2020 https://www.kline.co.jp/en/news/ir/ir-5203133214530180264/main/0/link/20191031_2E.pdf

Kawasaki Kisen Kaisha, Ltd. (hereinafter “K” LINE) is pleased to announce that an agreement is to be made with Nippon Paper Industries Co. Ltd., on consecutive voyage contract of new 3.6 million CFT woodchip carrier delivered in 2022. She will be in dedicated service to them for carrying woodchips for paper materials and some Biomass woodchips for Biomass power generation business which operation will be started at Tomakomai in 2023.

She is equipped with the latest economical and environmental-friendly features. She installs Hybrid fin behind the propeller to save energy and Ballast water treatment system to compliant with the ballast water discharging rules. Furthermore, for complying with the regulation of SOx global cap that will be enforced in all sea areas from January 2020, the vessel is equipped with a scrubber on the funnel to remove sulfur oxides from the gas discharged from the engine.

“K” LINE group recognizes that environment problems are common issue for all humanity and specified in “K” LINE Environmental Vision 2050 to take action independently for reducing environmental burden and contribute to the realization of a sustainable society. Use of Biomass woodchips leading to reduce CO2 is common to our efforts.

In order to achieve“K”LINE Value for our Next Century, we secure long term contracts and contribute to stable supply of Biomass woodchips for environmental load reduction.

Today, at the Marugame business headquarters Imabari Shipbuilding Co., Ltd., the 200,000-dwt ton Cape size bulker “CAPE DISCOVERY” has been completed.

The ship is compliant with the Common Structural Rules for Bulk Carrier (CSR-BC) for bulk cargo ships, and the main institution is equipped with an electronically controlled engine with enhanced anti-corrosion measures, in order to save energy, we have installed WAD (Weather Adapted Duct) in front of the propeller and Hybrid Fin behind the propeller.

Furthermore, for complying with the regulation of SOx Global Cap that will be enforced in all sea areas from January 2020, the vessel is equipped with a scrubber on the funnel to remove sulfur oxides from the gas discharged from the engine, it is a state-of-the-art ship that gathers world-class technology among Cape size bulkers and she will be engaged in iron ore and coal transport for JFE Steel Corporation under a long term consecutive voyage charter 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                      :          299.95M

Width                  :          50.00M

Depth                  :          24.70M

Draft                    :          18.32M

Deadweight        :          208,603T

Gross Ton            :          107,919T

Main Engine       :          MES MAN-B&W 6G70ME-C9.5

Speed                  :          14.6KTS

Class                    :          NK

Flag                      :          Liberia

Builder                 :          Imabari Shipbuilding Co., Ltd.

Kawasaki Kisen Kaisha, Ltd. (”K” LINE), Mitsui O.S.K Lines, Ltd. (MOL), and Nippon Yusen Kabushiki Kaisha (NYK) have begun sharing of operational data acquired from the monitoring system installed in their container ships with their charter, Ocean Network Express Pte. Ltd. (ONE), through the IoS-Open Platform (IoS-OP) promoted by Ship Data Center Ltd. (ShipDC).

As ”K” LINE, MOL, and NYK have managed the data by different frameworks, ONE needed to carry out data conversion. With the IoS-OP’s automatic conversion function to the standard names in line with ISO19848, which is provided by ShipDC, data conversion burden is mitigated resulting in simplifying analysis and management of integrated operational data of ONE’s fleet.

ONE aims to use this data to improve the accuracy of performance evaluations of individual vessel and machinery, and to achieve safer and more efficient vessel operations.

This data sharing will significantly increase the volume of ship operational data distributed through IoS-OP, and further contribute to acceleration of data collection, distribution, and utilization through IoS-OP within the maritime industry.

Kawasaki Kisen Kaisha, Ltd. announced that it will provide a monetary donation in the amount of 5 million yen toward relief efforts in the areas damaged by the Typhoon Hagibis last week. In addition, the “K” Line Group is now organizing fund-raising activities among officers and employees.

We would like to express our deepest sympathy to those in the disaster areas and sincerely wish for the earliest recovery from this most unfortunate event.

Kawasaki Kisen Kaisha., Ltd. (hereinafter, “K” Line) has reached an agreement with Hiroshima University, the National Institute of Maritime, Port and Aviation Technology (hereinafter, “MPAT”) and Marubeni Corporation (hereinafter, “Marubeni”) to jointly work on research and analysis on maritime logistics and shipping market conditions using AI (hereinafter “The Research”).

In recent years, it has become possible to use comprehensive, chronologically ordered ship movement and static data, such as position (coordinate information), speed, direction, port of call and drafts, for ships with over 300 gross tonnage traveling internationally. This data is being applied in a variety of ways. Additionally, AI is making remarkable progress with improving machine learning and deep learning technology, and there is much research and practical application of this technology that is being used to find patterns hidden in big data and to make predictions. The purpose of The Research is to estimate maritime logistics by combining data and technology, and to explore the possibility of developing predictive models with high accuracy.

The shipping market is one of the more difficult economic indicators to predict because it fluctuates greatly under the influence of various market and social conditions, and sometimes market sentiment as well. The method developed by The Research is expected to enable more accurate and transparent business decisions.

“K” Line Group is promoting the application of digital technology which never stops evolving, such as AI/IoT to our existing business by assigning “AI/Digitalization Promotion Division” as a driver.

We are working to further improve the quality of existing service based on safety in navigation and cargo operations to high-value-added services which can contribute to strengthening relationships with our customers that we have cultivated for many years. 

We are also working to organically integrate and develop the various technologies and services cultivated across all divisions to date, and to move forward not only internally, but also through proactive cooperation with universities and other external research institutes, so that we can construct new business models more effectively and with a greater sense of speed .

“K” Line will continue to promote the creation of new values by combining its own knowledge on shipping cultivated for the past 100 years with new experience and knowledge of Hiroshima University, MPAT and Marubeni.

Kawasaki Kisen Kaisha, Ltd. (“K” Line) is celebrating its 100th Anniversary this year. As part of our centennial commemoration, we have published a company history entitled “Voyaging Through Time” and posted it on our company website. This publication describes how “K” Line has proceeded in its course over the last century and includes a multiple number of photos and illustrations.

In this April, we released a Corporate Profile Video which introduces our 100-year history and present organization. It is our hope that you will deepen your understanding of our company’s activities through this publication and video.

As an integrated logistics company, our corporate principle is to help enrich the lives of people. Our goal is to pass this principle on throughout the next 100 years and strive to earn the trust from all around the world.

Company History “Voyaging Through Time”   –  https://www.kline.co.jp/en/book.html

Corporate Profile Video “Voyaging Through Time”  –  https://www.kline.co.jp/en/movie.html