"K" Line

Preparations are being advanced for the establishment of a new joint venture company for cold storage business in Vietnam by Kawasaki Kisen Kaisha, Ltd. (“K” Line), Cool Japan Fund Inc. and Japan Logistic Systems Corp.   A press release was issued on September 25, 2014 giving the initial details of this venture.

It is now confirmed that the new joint venture company has received official approval for the establishment from Vietnamese authorities.

Company outline:

• Name : CLK COLD STORAGE COMPANY LIMITED
• Location : Lot B2, Tan Dong Hiep B Industrial Zone, Tan Dong Hiep ward, Di An town, Binh Duong province
• Representative : Tatsuya Yamada
• Date of establishment : April 25, 2015
• Start of Business : July 2016 (Plan)
• Capital : 15,000,000 USD
• Business activities : Storage and Warehouse Services and related business
• Investment ratio :  Japan Logistic Systems Corp.: 26%;  “K” Line : 25%;  Cool Japan Fund Inc.: 49%

Location:

Access to Ho Chi Minh City center, international airport and Cat Lai port is attractive.

Features:

The new joint venture company will contribute to popularization of Japanese food in Vietnam by providing high-quality services.

Bangkok Cold Storage, a member company of the “K” Line Group, has been engaged in cold storage business in Bangkok, Thailand for 26 years since 1989. Bangkok Cold Storage’s experience and expertise will be transferred to the new joint venture company with measures for damage prevention and energy saving to also be performed. The sophisticated marine and air transportation network of the “K” Line Group, as well as the knowledge of Japan Logistic Systems Corp., which has been doing business in Vietnam for more than 20 years, will also be utilized to provide incidental services such as delivery arrangements.

June 3, 2015

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided on changes to Executive Officers’ responsibilities, effective July 1 2015.

To see the full press release please see attached PDF document or click on the following link : CLICK HERE

May 20, 2015

“K” Line has signed contract with VANTEC HTS FORWARDING, LTD. (Hitachi Transport System Group), to transport Hitachi rail cars for IEP (Intercity Express Programme) that are being manufactured at Hitachi’s Kasado plant.

These IEP rail cars will be loaded onto new “K” Line vessels from the Port of Tokuyama-Kudamatsu, located near Hitachi’s Kasado plant, and will be discharged at the nearest port on the east coast of UK to Newton Aycliffe, where Hitachi is constructing the train plant for these rail cars.

A series of “K” Line’s 7500-unit size RORO vessels are now under construction in Japan. Some of these vessels will be deployed into Japan – Europe trade, and will serve for this transportation project from July onward for several years.

A total of 10 vessels of this series of 7500-unit size have been ordered with state-of-the-art design. The first vessel will be rolled out in July 2015. These new vessels will give us increased car-carrying capacity of 20% as well as much more space for High & Heavy cargo, including Construction Machinery. With these newly-designed vessels, “K” Line will continue to proactively increase the handling of railway infrastructure as exports of these cargo from Japan are expected to increase from now on.

In addition, with these new state-of-the-art vessels, we will be better prepared to minimize the impact on Global Environment by accomplishing safe navigation.

May 12, 2015

Kawasaki Kisen Kaisha, Ltd. (“K” Line) is pleased to announce that a joint venture comprising “K” Line, Mitsui & Co., Ltd. (Mitsui, Head Office: Tokyo, President: Tatsuo Yasunaga) and Imabari Shipbuilding Co., Ltd. (Imabari, Head Office: Imabari, President: Yukito Higaki) has concluded the agreement to enter into a long-term Time Charter contract with Mitsui for its Cameron LNG Export Project in the U.S.A..

Mitsui, through its subsidiary company in the U.S.A., is participating in this project and will be off taking the LNG once the production starts.

The vessel to serve the project will be built in Imabari and equipped with an electronically- controlled dual fuel gas injection diesel engine (ME-GI).

By utilizing the knowledge and network established for more than 30 years in LNG transport business, “K” Line is achieving consistent growth and corporate value improvement which is incorporated as part of the “K” Line Group’s new medium-term management plan “  Value for our Next Century.”

Outline of the contract:

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has today announced that it has decided to make a donation of 2 million yen through Japanese Red Cross Society in consideration of damages caused by the earthquake that hit the western Nepal on April 25, 2015.

“K” Line would express its most sincere sympathy to all those affected by the earthquake and pray for the soonest recovery of the damaged area.

30 April 2015

Please be advised that “K” Line has released the following press statements today, which are available to download as PDF documents:

Financial Highlights for FY2014

http://www.kline.co.jp/en/ir/library/bs/__icsFiles/afieldfile/2015/04/30/fh2014_con_e.pdf

・Payment of Dividends

http://www.kline.co.jp/en/ir/stock/disclose/detail/__icsFiles/afieldfile/2015/04/30/PaymentofDividends.pdf

April 30, 2015

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided following changes in its board meeting held today, subject to approval at the Ordinary General Meeting of Shareholders on June 24, 2015.

April 21, 2015

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has today announced that it has provided free ocean transportation of two used fire engines donated by the Japan Firefighters Association to Republic of El Salvador.

The free transportation is at the request of Ms. Martha Lidia Zelayandia, Ambassador of El Salvador to Japan, for supporting ocean transportation of these vehicles to El Salvador, where there has long been a shortage of fire engines.

Since their appointment as Honorary Consul of El Salvador in 1969, “K” Line decided to continue the tradition of free transportation of ambulances and fire engines, such as those donated by Fujisawa City, Kanagawa Prefecture in 2014 –http://www.kline.co.jp/csr/news/detail/1201701_1694.html）.

On Thursday April 16, with the cooperation of Daito Corporation, an affiliate company of “K” Line, the vehicles were loaded onto “K” Line’s pure car carrier (PCC) at Yokohama and they will arrive at the port of Acajutla, El Salvador in early May.

“K” Line hopes it may continue to contribute to the reinforcement of firefighting operations in El Salvador.

07 April 2015

KAWASAKI KISEN KAISHA, LTD. (“K” Line) is pleased to announce new Asian Feeder  services to enhance our service network between China and Straits and also between Singapore and Bangladesh. “K”Line continue to offer stable and value-added services with varied network.

Details of the service are as follows:-

CSE (China Straits Express)

• Vessel Deployment:  Four (4) x 2500 TEU type vessel
• Port Rotation: Qingdao – Shanghai – Ningbo – Laem Chabang – Singapore – Port Kelang – Laem Chabang – Ho Chi Minh – Xiamen – Qingdao
• Commencement Date:

SB: 27th of April 2015 ETA Qingdao

NB: 3rd of May 2015 ETA Singapore

BGX (Bangladesh Express)

• Vessel Deployment:  Total Six (6) x 1700 TEU type vessel – Two (2) vessels in each weekly Three (3) sailings

• Port Rotation:   Tuesday ETD SIN sailing :     Singapore – Chittagong – Singapore        Thursday/Saturday ETD SIN sailing:  Singapore – Port Kelang – Chittagong – Singapore

07 April 2015

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “CORONA TRITON,” an 88,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on April 7, 2015.

CORONA TRITON 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 domestic Thermal Power Stations to discharge cargo.

With this new latest deployment, the Corona-series now consists of 18 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.