"K" Line

“K” LINE is pleased to advise that one of our new 91,000-DWT-type coal carriers, “CORONA YOUTHFUL,” was delivered with a binary cycle power generation system developed by KOBE STEEL, LTD. at OSHIMA SHIPBUILDING CO., LTD. on 1 February 2019 with operational trial having commenced in order to confirm performance and durability at sea as joint research between KOBE STEEL and “K” LINE.

Binary cycle power generation system is a waste heat recovery electric power generation system utilizing compression heat by scavenging air from the main engine, which, in turn, contributes to reduction in fuel oil consumption of diesel generator engine.

“K” LINE is continuously attempting to obtain greater efficiency in its operations as well as further reduction of CO2 emissions and environmental pollutants in accordance with “K” LINE ENVIROMENTAL VISION 2050, our long-term environmental management vision.  This innovative binary cycle power generation system is considered as one of the  efficient systems to help us achieve our goals by 2050.

Environmental concern with the greenhouse gas emission effect is growing and “K” LINE will, based on “K” LINE ENVIROMENTAL VISION 2050, encourage less environmental load from marine transport by operating ships that are highly energy efficient and which contribute to conservation of the global environment

（※）“K” LINE ENVIROMENTAL VISION 2050 can be seen in below link:

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

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “CORONA YOUTHFUL,” a 91,000 DWT-type special coal carrier at Oshima Shipbuilding Co., Ltd. on February 1, 2019.

CORONA YOUTHFUL is same type as “K” Line’s specialized fleet for transport of thermal coal known as the “Corona-series.” The Corona-series consists of epoch-making coal carriers equipped with wide beam and shallow draft, which are the most suitable type to enter ports of Japanese Thermal Power Stations to discharge cargo.

CORONA YOUTHFUL is equipped with latest energy-saving and ecological technology such as Advanced Flipper Fins and Rudder Bulb which promote her propeller efficiency as well as ballast water management system which saves marine ecosystem.

CORONA YOUTHFUL is also equipped with the Binary Cycle Power Generation System which is a waste heat recovery electric power generation system utilizing compression heat by scavenging air from the main engine, which, in turn, contributes to reduction in fuel oil consumption of diesel generator engines.

With this new latest deployment, the Corona-series now consists of 20 carriers. “K” Line takes pride that its Corona-series has been so favorably evaluated for always ensuring customers steady and reliable thermal coal transport service with maximum safety.

Financial Highlights for 3rd Quarter FY2018 :

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Or access via the website : http://www.kline.co.jp/en/

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided in a board meeting held on 31st January 2019 on changes of Representative Directors and Executive Officers.

To read the full press release please see the attached PDF document or visit their website: https://www.kline.co.jp/en/

“K” LINE is proud to announce that the company was recognized as “A List,” the top rating, on climate change from CDP, which is an international non-profit organization (NPO) engaging in activities for realizing sustainable economy, in “CDP 2018 Debriefing Session” held on January 22 in Tokyo. The“A List” is awarded to companies that are evaluated as global leaders in their response to climate change.

From among the companies that disclosed their climate change information in response to a questionnaire sent from CDP on behalf of 650 institutional investors with total assets of over 87 trillion US dollars, 126 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 last year. Japanese companies number 20 among these and only 7 companies were selected for three consecutive years.

In our medium-term management plan, we have set ESG (Environment, Society and Governance) 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 -*. In particular, initiation of a framework “DRIVE GREEN NETWORK” for continually promoting environmental preservation activities while ensuring environmental compliance throughout the entire “K” Line Group bore fruit to gain the 3^rd straight year to receive the A List rating.

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

January 23, 2019 

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereinafter referred to as “K” LINE) is proud to announce that “K” LINE’s VLGC “GRACE RIVER” carried and successfully discharged Ichthys LNG Project’s first LPG cargo carried to Japan, which was imported by Astomos Energy Corporation at KYUSHU L.P.G. Fukushima Terminal today.

Ichthys LNG Project is the first large-scale LNG project by global standards operated by INPEX CORPORATION. The Project is characterized as “All Japan” for its features such as  70% of approx. 8.9 million tons per year of LNG produced by the Project will be supplied to Japanese customers, along with the fact that Japanese companies are major participants in crucial parts of the Project’s value chain, including exploration and production, building of liquefaction plants and receiving terminals, laying pipelines, and maritime transportation. In addition to LNG, the Project will produce LPG (approx. 1.65 million tons per year) as well as approx. 100,000 barrels of condensate per day at peak.

We are proud further to mention that “K” LINE Group will be more involved in the shipment of LNG, LPG and condensate exported by the Project. The Project’s first LNG cargo was carried by our LNG carrier “PACIFIC BREEZE” in October 2018, and it is planned that Aframax tankers operated by our subsidiary in Singapore will carry condensate products.

Recalling the importance of our crucial role in the energy value chain, “K” Line Group is committed to continue providing the most reliable and stable service possible to our valued customers with assurance of the highest standard of safety. 

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

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereinafter referred to as “K” Line) is proud to announce the delivery of VLGC “GENESIS RIVER” for GYXIS CORPORATION (head office: Minato-ku, Tokyo; President and Representative Director: Mr. Takayuki Doi, hereinafter referred to as ” GYXIS “) at Sakaide Shipyard of Kawasaki Heavy Industries, Ltd. today.

“GENESIS RIVER” commences her service to GYXIS under a time charter contract concluded in 2015, the year GYXIS was founded. On this November 2, she was given her name “GENESIS RIVER” by GYXIS’ Mr. Doi. This vessel becomes the second LPG carrier in our fleet which is employed by GYXIS, and we are hopeful of her contribution to the ever-growing global seaborne LPG trading through her service to GYXIS.

To meet customer’s requirements and satisfaction, the vessel is designed for improved propulsion performance and lower fuel consumption, and environmentally-friendly equipment such as ballast water management system is installed to protect marine ecosystem from unwanted environmental effect.

“K” Line is committed to continue providing the most reliable and stable service possible to our valued customers with assurance of the highest standard of safety.

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

To read the full press release please see the attached PDF document or visit their website: https://www.kline.co.jp/en/

Please be advised that “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 FY2018

https://www.kline.co.jp/en/ir/library/result.html

・Notice of Forecast for Year-end Dividend for fiscal year ending March 2019

https://www.kline.co.jp/en/news/ir/auto_20181030425857/pdfFile.pdf

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