Transport communications

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GEODIS presents its Industrial Projects Expertise at Breakbulk Europe 2019

GEODIS, one of the world’s leading global supply chain operators, will be exhibiting at this year’s Breakbulk Europe at Messe Bremen, Germany 21 – 23 May 2019.

The Industrial Projects business of GEODIS is specialized in heavy-lift and out of gauge movements, serving multiple segments, such as oil & gas, mining, infrastructure, renewable energy, power, nuclear and rail. With a competent team of more than 600 people worldwide, GEODIS Industrial Projects delivers innovative solutions for numerous and diverse project cargo customers worldwide.

Breakbulk Europe is the place to be for project cargo professionals, commented Luke Mace, Senior Vice President Industrial Projects for GEODIS. It gives manufacturers and project managers the opportunity to study market trends and learn about innovation and for us providers to showcase solutions to challenging projects.”

GEODIS’ Industrial Projects specialists will be present in HALL 5 Booth K30 to discuss effective solutions for project cargo transportation challenges.

A “French Hour” will be organized at the GEODIS booth on May 22nd, from 1:00 to 3:00PM. Visitors will be able to learn about GEODIS innovative solutions while enjoying crepes and coffee.

About Breakbulk Europe

Breakbulk Europe is the world’s largest event for the project cargo and breakbulk industry. 11,000 professionals from more than 120 countries are expected to attend this year.

For more information on Breakbulk Europe 2019, please click here

GEODIS – www.geodis.com 

GEODIS is a top-rated, global supply chain operator recognized for its passion and commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a direct presence in 67 countries, and a global network spanning 120 countries, translates in top business rankings, #1 in France, #4 in Europe and #7 worldwide. In 2018, GEODIS accounted for over 41,000 employees globally and generated €8.2 billion in sales.

New Managing Director for Dachser European Logistics Iberia

Celestino Silva, long-standing General Manager West Iberia, to take the helm of the Iberian overland transport organization.

Madrid / Kempten, April 26, 2019. Celestino Silva will take over as Managing Director of Dachser’s European Logistics (EL) Iberia business unit. He succeeds Juan Quintana, who has opted to leave the company to pursue new professional opportunities.

A native of Portugal, 51-year-old Silva brings a wealth of experience in logistics management to the helm of the Iberian overland transport organization. He began his career at Azkar—the predecessor of Dachser EL Iberia—over 20 years ago when the Portuguese country organization was first established. Following Azkar’s acquisition by Dachser, a family company with a global presence, he successfully integrated the Portuguese overland transport organizations. In 2014, he also assumed responsibility for Dachser’s business in the Galicia region in northwestern Spain.

“Celestino Silva is a successful manager with many years of experience and in-depth knowledge of the company, its processes, and the Iberian market,” says Michael Schilling, COO Road Logistics at Dachser. “He was closely involved in the successful transformation of our Iberian business unit from the outset and will oversee its further integration into Dachser’s European network.”

Juan Quintana has been heading the successful restructuring of Dachser EL Iberia’s business model since 2013, focusing on systematic alignment with the culture and the principles of the Dachser European Logistics network. This goes hand in hand with closer integration into the network, an ongoing endeavor that was reflected in the 2017 rebranding.

The transformation has brought economic success: the Iberian business unit has grown every year since 2013 and increased its revenue by around 27 percent in the same period. In 2018, the EL Iberia business unit generated unconsolidated gross revenue of EUR 661 million euros across 65 locations. Last year, the Iberian overland transport organization handled 20.7 million shipments. It employs a workforce of around 3,000 people.    

“Over the past few years, Dachser EL Iberia has laid the groundwork for a successful future. I’m looking forward to leading the business unit into the future and continuing to drive its alignment with the European business,” explains Silva, who will take over as Managing Director of the Dachser EL Iberia business in the future. “I’ll be placing a strong focus on quality, customer satisfaction, and employee motivation—all of which, in turn, will help drive dynamic growth in our Spanish and Portuguese business,” he says.

ENDS

About Dachser:

Thanks to some 30,600 employees at 399 locations all over the globe, Dachser generated consolidated net revenue of approximately EUR 5.6 billion in 2018. That same year, the logistics provider handled a total of 83.7 million shipments weighing 41.3 million metric tons. Country organizations represent Dachser in 44 countries.

For more information about Dachser, please visit www.dachser.com

“K” Line Wins Prize at Panama Green Shipping Award 2019

Kawasaki Kisen Kaisha, Ltd. (hereinafter referred to as “K” Line) being highly regarded for its various environmental conservation measures beginning with construction and operation of the eco-flagship, “Drive Green Highway” completed in 2016 (Note 1), has received the Panama Green Shipping Award 2019 at the opening ceremony in “Panama Maritime XIV (the 14th) World Conference and Exhibition” (Note 2) on March 17, 2019.

Mr. Shimogaki, V.P. from “K” Line Mexico, participated in the awards ceremony as  representative of the entire “K” Line group, and received the Award from Mr. Kitack Lim, Secretary General of IMO, International Maritime Organization.

In our Medium-term Management Plan, we define ESG (Environment, Social & Governance) initiatives as a key management issue. With respect for the environment, we are pursuing measures in line with “K” LINE Environmental Vision 2050 – Securing Blue Seas for Tomorrow (Note 3) that is our long-term environmental vision formulated in 2015. We are honored and proud of the various activities being highly evaluated in connection with our 2015 vision.

As an environmental front runner, we will continue to aim for the realization of being a business that enables a greater number of people around the world to enjoy the advantage of marine transportation characterized by a lower environmental load and higher efficiency. 

(Note 1)

“Drive Green Highway” : Please refer to the following link –  https://www.kline.co.jp/en/feature02.html

(Note 2)

“Panama Maritime XIV (the 14th) World Conference and Exhibition”, big international marine conference and exhibition that has been held every two years in Panama City since 1991, this being 14th year(held from March 17-20).

Organizers are “The Maritime Chamber of Panama” and “The Panamanian Maritime Law Association (APADEMAR).”

Supported by other marine organizations, including “Panama Maritime Authority” and “Panama Canal Authority,” the Organizers Committee awards groups and individuals that have made excellent achievements in the maritime field.

Please refer to following links for Panama Maritime World Conference and Exhibition –  http://panamamaritimeworld.com/panama-maritime-2019   https://www.facebook.com/PanamaMaritimeConference/

(Note 3)

“K” LINE Environmental Vision 2050 :  Please refer to following link –   https://www.kline.co.jp/en/csr/environment/vision.html

Dachser pursues sustainable growth

Logistics provider reports 5.5 percent growth; European export business remains primary growth driver; new records in shipment, tonnage, and workforce

Kempten, Munich. April 2, 2019. Dachser posted substantial growth once again in 2018. The logistics provider increased its consolidated net revenue by 5.5 percent to EUR 5.57 billion. As they did last year, shipment numbers increased, rising by 2.5 percent to 83.7 million; tonnage rose 3.0 percent to 41.3 million metric tons. With 30,609 employees in total, up 1,511 from the preceding year, Dachser’s workforce reached a record high.

The global logistics provider’s growth was again boosted by economic conditions. However, certain challenges became increasingly apparent: the shortage of professional drivers and logistics operatives; potential capacity bottlenecks resulting from pronounced seasonal peaks and a shortage of load capacity; and growing uncertainty about diesel driving bans, Brexit, and the future of international trade relationships. “By 2018, it was clear that logistics had to focus on the discipline of scarce resources management,” explains Bernhard Simon, CEO Dachser SE. “Against this backdrop, it is important to handle growth with purpose and manage it such that we maintain a healthy balance between quality, processes, and costs. Only sustainable growth will benefit our employees and customers.”

Business development in detail

Dachser’s Road Logistics business field—which comprises the transport and storage of industrial goods (European Logistics) and food (Food Logistics)—posted dynamic growth again in 2018 to increase its consolidated net revenue by 6.6 percent to EUR 4.47 billion.

The European Logistics (EL) business line posted the strongest growth with net revenue up 7.0 percent to EUR 3.55 billion. Shipments and tonnage each increased by 3.1 percent. “All four regional business units helped substantially strengthen the network. The network effects in the export business ensure that the EL business units continue to grow and mutually drive each other’s growth,” says Simon.

Dachser’s Food Logistics business line also posted robust revenue figures for 2018. Consolidated net revenue increased by 5.3 percent to EUR 917 million. The virtually unchanged number of shipments compared to the previous year was offset by tonnage growth of 2.0 percent. “We continue to pursue our quality strategy, and it is paying off. Dachser Food Logistics has seen positive development for many years now and is generating growth with national transports and contract logistics. We have also seen encouraging growth rates in cross-border transports,” reports Simon. “On the downside, the shortage of freight space and drivers plus seasonal fluctuations in volume are hitting this segment hard.”  

The Air & Sea Logistics business field again proved to be volatile. As a result of exchange-rate effects, decreasing freight rates, and a downturn in volume on the China-Europe route, consolidated net revenue stagnated at around EUR 1.19 billion. A 2.9 percent decrease in the number of shipments was offset by tonnage growth—most notably in sea freight—of 6.6 percent. “By 2020, we aim to replace all isolated solutions with our Othello transport management system, which we developed in-house. In 2018, we completed the rollout of the system in China to mark a major milestone in this project,” Simon explains. “The key to sustainable growth in air and sea freight lies in mastering and managing complex interfaces and the deep integration of our logistics systems. As we have seen with European overland transport, our investments in integration and standardization will pay off here, too.” 

Investment in network and personnel

In times of scarce resources, investment in personnel, capacities, and innovations is critical to Dachser’s continued growth. In 2018, the company invested EUR 126 million in logistics facilities, IT systems, and technical equipment. For 2019, the company has earmarked EUR 234 million for this purpose. Dachser also places a strong focus on training, an approach that has proved very successful, particularly for professional drivers. “At present, we have 207 people training to become professional drivers through Dachser Service & Ausbildungs GmbH, which makes us one of the largest driver training centers in Germany. Our next step is to broaden our focus to include logistics operatives in transit terminals and warehouses,” Simon says. 

Overview of net revenue:

Net revenue (in EUR millions) 2018 2017 Change
Road Logistics 4,465 4,187 +6.6%
European Logistics 3,548 3,316 +7.0%
Food Logistics 917 871 +5.3%
Air & Sea Logistics 1,185 1,190 -0.4%
Consolidation
(deducting revenue from company interests of 50% and lower)
-80 -98  
Group 5,570 5,280 +5.5%

Overview of gross revenue, incl. duties and import tax:


Gross revenue (in EUR millions)
2018 2017 Change
Road Logistics 4,741 4,441 +6.8%
European Logistics 3,824 3,570 +7.1%
Food Logistics 917 871 +5.3%
Air & Sea Logistics 1,835 1,785 +2.8%
Consolidation
(deducting revenue from company interests of 50% and lower)
-83 -107  
Group 6,493 6,118 +6.1%



About Dachser:

Thanks to some 30,600 employees at 399 locations all over the globe, Dachser generated consolidated net revenue of approximately EUR 5.6 billion in 2018. That same year, the logistics provider handled a total of 83.7 million shipments weighing 41.3 million metric tons. Country organizations represent Dachser in 44 countries. For more information about Dachser, please visit www.dachser.com

American Club Managers enhance Global Services Team with new Senior Appointments

NEW YORK, 26 MARCH, 2019:  Shipowners Claims Bureau, Inc. (SCB), Managers ofthe American Club, has announced several senior appointments which have been made to enhance the capabilities of its global service teams.

At the Club’s headquarters in New York, Margaret Lee has been appointed as Lead Counsel. With twenty years of experience in the industry, Margaret is a New York-admitted attorney who worked in private practice before joining the Club’s management several years ago.

Margaret has particular expertise in occupational disease claims and, in addition to overseeing the wide – and diverse – range of legal matters which attend the operation of the Club and its Managers, she is a member of the International Group’s Occupational Disease Sub-Committee in which role she liaises with the representatives of other clubs in this important area of the Group’s collective engagements.

In the Managers’ office in Piraeus, Joanna Koukouli has been appointed as Deputy Global Claims Director, reporting to Global Claims Director Don Moore in New York. Holding both undergraduate and postgraduate degrees in law, and qualified to practice in Greece, the United Kingdom and New York, Joanna also has twenty years’ industry experience including that of in-house counsel at a major Greek container company.

Joanna has also been appointed as Joint Managing Director of the Piraeus office, in which role she will continue to work closely with Dorothea Ioannou, the Managers’ Chief Commercial Officer.

In addition, Marivi Banou has been appointed as P&I Claims Manager, assisting Joanna Koukouli in the general day-to-day supervision of the Piraeus-based claims team. Having gained a degree from Metropolitan University, London in shipping and transport, and then acquired experience in both the shipowning and insurance broking sectors, Marivi originally joined the Managers’ Greek office on its opening in 2005.

At the same time, Elina Souli was recently recruited by the Managers’ Piraeus office to undertake the roles of FD&D Manager and Regional Business Development Director. With undergraduate and postgraduate degrees in law, and holding legal qualifications from both Greece and the United Kingdom, Elina has extensive experience working with both a major local shipping firm and the branch office of another Group club.

In her new role, Elina brings a duality of expertise in promotion of the Club’s capabilities both in Greece and elsewhere in the region.

Joe Hughes, Chairman and CEO of SCB said:“I am delighted to announce this quartet of senior appointments.  They speak not only to the evident abilities of the individuals concerned, each of whom has more than twenty years’ experience, but also to the growing gender diversity for which our company continues to gain a market-leading reputation. I am certain that Members, and the Club’s many other friends, will wish to congratulate Margaret, Joanna, Marivi and Elina, in the expectation that they will continue to apply their characteristic energy and dedication to the fulfilment of their new professional duties.”

Notes to Editors

The American Club

American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the American Club) was established in New York in 1917. It is the only mutual Protection and Indemnity Club domiciled in the entire Americas and its headquarters are in New York, USA.

The American Club has been successful in recent years in building on its US heritage to create a truly international insurer with a global reach second-to-none in the industry. Day to day management of the American Club is provided by Shipowners Claims Bureau, Inc. also headquartered in New York.

The Club is able to provide local service for its members across all time zones, communicating in eleven languages, and has subsidiary offices located in London, Piraeus, Hong Kong, Shanghai and Houston, plus a worldwide network of correspondents.

The Club is a member of the International Group of P&I Clubs, a collective of thirteen mutuals which together provide Protection and Indemnity insurance for some 90% of all world shipping.

For more information, please visit the Club’s website http://www.american-club.com/

P&I Insurance

Protection and Indemnity insurance (commonly referred to as “P&I”) provides cover to shipowners and charterers against third-party liabilities encountered in their commercial operations; typical exposures include damage to cargo, pollution, death/injury or illness of passengers or crew or damage to docks and other installations.

Running in parallel with a ship’s hull and machinery cover, traditional P&I cover distinguishes itself from usual forms of marine insurance by being based on the not-for-profit principle of mutuality where Members of the Club are both the insurers and the assureds.

SAL Heavy Lift, Spain opens its doors

SAL Heavy Lift and Davila Group come together to establish SAL Heavy Lift, Spain.  

SAL Heavy Lift GmbH is proud to announce that together with its Spanish business partner Grupo Davila (Davila Group), a new entity has been formed to represent SAL in the Spanish market.

As of 1st of April 2019, SAL Heavy Lift, Spain will open its doors to Spanish clients.

In charge will be Sr. Carlos Claramunt Lebrón – a familiar name to many, who brings 15 years of commercial and technical experience in the maritime industry to the role. 

Eduardo Davila, President of Davila Group, says: “I am honored to have SAL as a close business partner and to be able to present SAL Heavy Lift, Spain to the Spanish market. We share the same passion for shipping and both companies represents the best of shipping within our respective fields. I am confident that with the closer ties we are creating between us, we will provide the best possible service to our clients wherever they are in Spain.”

The concept is a new one to both SAL and Davila. It takes the most relevant elements of each company to create a dedicated and client focused service offering in the local market. 

Justin Archard, Chief Operating Officer of SAL Heavy Lift, explains; “With Davila Group, we saw the right partner to advance this concept. We have worked with the Davila Group and family for a long time, and the timing and opportunity for this step suited us both.  Davila has been a significant part of the Spanish shipping industry for more than 100 years and I have no doubt that we have the best possible partner to help develop the SAL brand in the Spanish market.”

Carlos Claramunt Lebrón: 15 years of experience within the maritime sector, 5 years in heavy lift shipping. A qualified Naval Architect.  Carlos can connect sales and marketing with deep technical knowledge and understanding.  SAL Heavy Lift, Spain will reside in Madrid.

aAbout SAL Heavy Lift

SAL Heavy Lift, a member of the Harren & Partner Group, is one of the world’s leading carriers specialized in sea transport of heavy lift and project cargo. The company was founded in 1980 as “Schiffahrtskontor Altes Land GmbH & Co. KG” and belongs to Harren & Partner Group since 2017. The modern fleet of heavy lift vessels offers highly flexible options to customers. The vessels of SAL Heavy Lift boast an impressive travel speed of 20 knots, up to 3500 m2 of unobstructed main deck space and combined crane capacities ranging from 550 to 2000 tons: amongst the world’s highest lifting capacity in the heavy lift sector. As a leading global company in the heavy lift and project cargo segment, the company meets the highest standards with regard to quality, technical innovation and health, safety and environment.

www.sal-heavylift.com

About Grupo Davila

The Davila Group is a family owned company whose origins date back to its parent company Joaquin Davila & Cia, which was founded in 1917. The Davila Group is a Spanish based company with more than 100 years of experience in the Spanish maritime sector, and with a strong inter-national presence in South America.

The Group’s main services include amongst others: a network of agencies dedicated to the representation of tramp and liner vessels, the managing and development of container and reefer terminals, reparation and maintenance of dry and reefer containers, project cargo and container forwarding focused in all the different areas of the supply chain, customs agents with special focus in perishable cargo, mega yacht management and brokerage and their own Marina located in Vigo which includes one of the best known restaurants in the city.

The key of the Group’s success resides in its qualified team of professionals and a personalized service to fit customer’s needs. 

www.grupodavila.es

Campaign for Greater Container Safety Must Focus First on Dangerous Goods

The recent reports of container ship fires has once more focussed those in the container supply chain on safety issues related to the incorrect processing of dangerous goods.  The nascent Cargo Integrity campaign initiated by the international transport and logistics insurer, TT Club has as a consequence gained renewed impetus. 

20 March, 2019

The recent fire aboard ‘Yantian Express’, details ofthe final judgment on the  ‘MSC Flaminia’ explosion in July 2012, and the ongoing investigation of the ‘Maersk Honan’ fire are currently making headline news.  Then just days ago news has come in of ‘Grande America’ sustaining a container fire in the Bay of Biscay and subsequently sinking.  These perilous incidents not only frequently cost lives, millions of dollars in cargo losses and ship damage, but also significant delays in cargo supply chains amounting to major disruption across numerous industries in these ‘just-in-time’ days.

Yet these incidents are merely the tip of a failing safety iceberg.  Taking the maritime segment of global supply chain, it is estimated that a major container ship fire at sea occurs on average every 60 days, albeit that there have already been four major cargo-related fire incidents in 2019.  Furthermore TT Club’s records indicate that across the intermodal spectrum as a whole, 66% of incidents related to cargo damage can be attributed to poor practice in the overall packing process; that is not just in securing but also in cargo identification, declaration, documentation and effective data transfer. The calculated cost of these claims in the Marine Aviation & Transport (MAT) insurance sector is in excess of USD 500 million a year.

Peregrine Storrs-Fox, TT Club’s Risk Management Director, is leading the Cargo Integrity charge, “We are endeavouring to focus all direct and indirect stakeholders on recognising and doing the right thing,” he states. “One particularly critical aspect of this is the correct declaration and handling of dangerous goods (DG).”

All types of cargo can be mishandled, however wrongly classified, labelled, packed or simply inaccurately identified dangerous commodities bring the greatest potential risk of disaster.  Estimating the degree of failure to comply with best practices in this regard is not straightforward.  ICHCA International, the cargo handling operatives association has calculated that of the 60 million packed containers moved each year, 10% or six million are declared as DG.  Information from published government inspections (which are invariably biased towards declared DG loads) suggests that 20% of these are poorly packed or incorrectly identified.  This translates into 1.3 million potentially unstable DG containers traveling around the world each year.

Storrs-Fox emphasises that this scale of risk is elevated when undeclared or misdeclared DG consignments are considered.  “In these cases an estimate of volumes is more obscure. An indication has been given through the work of one container carrier, Hapag-Lloyd, developing a profiling algorithm to search its booking system for potential misdeclaration of commodities.  Results from Cargo Patrol, when extrapolated to the carryings of all the lines, concludes a reasonable estimate in excess of 150,000 volatile containers in the supply chain each year.”

Container lines in particular are making efforts to mitigate the problem.  The Cargo Incident Notification System (CINS), in which many of the top lines participate, has been active for a number of years and has successfully identified a number of commodities that commonly cause problems during transport – not always limited to those formally identified as dangerous.  TT Club has additionally promoted, together with UK P&I Club and Exis Technologies, the Hazcheck Restrictions Portal, which is designed to identify and streamline the complexity of regulations and protocols imposed by carriers and ports around the world in relation to transporting declared dangerous goods.

However, as Storrs-Fox concludes, “There is very much still to be done in achieving true Cargo Integrity. Our diverse campaign is seeking significant cultural and behavioural change to say the least.  Certain elements may require legislative action, enforcement and inspection and there are great challenges in the field of technological development.  Above all there is a need for all involved in the supply chain to have a realistic perception of risk and a responsible attitude towards liability.”  

ENDS

Notes to editors

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

www.ttclub.com

GEODIS Expands Growth in E-Commerce

New logistics centre in Oberhausen under construction

Levallois-Perret, 7 March 2019 – GEODIS will open a new warehouse in Oberhausen this summer. The 40,000 square-meter building is being built by SEGRO, a UK industrial real estate group, with which GEODIS has already implemented other major projects.

GEODIS will hire up to 500 employees for the extensive warehousing and order picking operations in Oberhausen. The combination of a strong, available pool of skilled workers and an attractive logistic location with very good transportation connections make Oberhausen the ideal choice for this new location. In addition, the logistics center will be implemented with an innovative warehouse concept that combines maximum space utilization with maximum productivity. Over the years, GEODIS has developed this industry-specific and highly automated process.

With this new opening, GEODIS is continuing to expand its long-standing e-commerce strategy. In recent years, the company has significantly expanded its contract logistics business on a national and international level with well-known companies in this sector. With Oberhausen, a total of six of the 14 logistics centers operated by GEODIS in Germany alone will specialize in e-commerce.

We have been pursuing a very successful growth strategy in this market segment for years,” says Thomas Kraus, President & CEO North, East and Central Europe. German e-commerce has been growing steadily for years. Market sales have increased to 63 billion euros in 2018, an increase of around ten percent compared to 2017.[1]  “The demand for modern and innovative logistics concepts in this area is high, because the goods are to be delivered to the end customer as quickly, cost-effectively and efficiently as possible. Thanks to our many years of experience, we have been able to develop a high level of expertise and concrete unique selling propositions in this area. This makes e-commerce one of our core competencies, both in Germany and internationally,” adds Kraus.

Further information on GEODIS can be found at http://www.geodis.com

GEODIS – www.geodis.com 

GEODIS is a top-rated, global supply chain operator recognized for its passion and commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a direct presence in 67 countries, and a global network spanning 120 countries, translates in top business rankings, #1 in France, #4 in Europe and #7 worldwide.

In 2017, GEODIS accounted for over 40,500 employees globally and generated €8.1 billion in sales.


[1] According to the industry report Online-Handel 2018 of the IFH Cologne.

“K”LINE Press Release – Notice on Provision for Losses and Extraordinary Losses from Business Structural Reforms, and Revised Forecast of Financial Results for Fiscal Year 2018

Please be advised that “K” Line Tokyo Head Office published the following press release today.

Please click the following addresses to read our reports.

Notice on Provision for Losses and Extraordinary Losses from Business Structural Reforms, and Revised Forecast of Financial Results for Fiscal Year 2018.

https://www.kline.co.jp/en/news/ir/auto_20190307487356/pdfFile.pdf

Supplementary report

https://www.kline.co.jp/en/news/ir/irnews-201903071500-en/main/0/link/20190307_Supplementary%20Explanation%20Material%20EN.pdf

If you cannot open the URL please access via our Website.

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

“K” Line announce the Launching of a 200,000-dwt Bulk Carrier “CAPE SAPPHIRE”

Today, at the Marugame business headquarters Imabari Shipbuilding Co., Ltd., the 200,000-dwt ton Cape size bulker “CAPE SAPPHIRE” 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 Japanese steel mill.

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      :           208,564T

Gross Ton          :           107,454T

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

Speed                   :           14.5KTS

Class                     :           NK

Flag                      :           Japan

Builder                :           Imabari Shipbuilding Co., Ltd.