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Honored as “Ship of the Year 2016” – “K” Line’s Next-Generation Eco-Friendly Flagship

July 10, 2017 by

7th July 2017

“DRIVE GREEN HIGHWAY,” a 7,500RT large-scale car carrier operated by Kawasaki Kisen Kaisha, Ltd. (hereinafter “’K’ Line”), has been selected as recipient of the grand award of “Ship of the Year 2016” by the Japan Society of Naval Architects and Ocean Engineers. The award ceremony was held on July 7.

“Ship of the Year” has been annually awarded to the most technically, artistically and socially conscious vessel built in Japan. The award was established in 1990 and this year is the 27th anniversary.

The eco-flagship, “DRIVE GREEN HIGHWAY,” was built in recognition of our role to help lead the maritime industry in facing environmental issues, such as marine & air pollution, ecosystem protection and global heating. Sulfur oxide (SOx) and nitrogen oxide (NOx) are recognized as major causes of acid rain, and carbon dioxide (CO2) as cause of global heating. “DRIVE GREEN HIGHWAY” is equipped with innovative technologies that contribute to reduction of air pollutant emissions. (*1)

“DRIVE GREEN HIGHWAY” was honored not only for its advanced equipment ahead of international regulations that will become effective, but also for its outstanding contribution to the maritime industry. On February 2, soon after delivery of the vessel, an unveiling party and onboard tour for the public were held at Osanbashi International Passenger Terminal in Yokohama. The ceremony was reported in and outside of Japan, receiving broad national international attention. (*2)

The construction of “DRIVE GREEN HIGHWAY” is a key milestone toward the goals set in our “Environmental Vision 2050.” We also place a high value on ESG (Environment, Social & Safety and Governance) in our new medium-term management plan as well.

Going forward, “K” Line will continue to pursue diverse environmental protection initiatives, including the development of measures to prevent air pollution, in order to help curb increasingly heavy environmental loads on a global scale.

Filed Under: "K" Line

Notice of Establishment of Holding Company and Operating Company for New Integrated Container Shipping Business

July 10, 2017 by

7th July 2017

For the integration of their container shipping businesses, including worldwide terminal operation businesses outside Japan, Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have announced the establishment of the below holding company and operating company.

Overview of New Companies

(1) Holding Company

Tradename :  Ocean Network Express Holdings, Ltd.

Location  :  Tokyo

Date of Establishment   :  July 7, 2017

(2) Operating Company

Tradename  :   Ocean Network Express Pte. Ltd.

Location  :  Singapore

Date of Establishment   :  July 7, 2017

Further details will be provided on July 10, 2017.

Kawasaki Kisen Kaisha, Ltd.  –  Eizo Murakami, President & CEO

Mitsui O.S.K. Lines, Ltd.  –  Junichiro Ikeda, President & CEO

Nippon Yusen Kabushiki Kaisha  –  Tadaaki Naito, President

Filed Under: "K" Line

Evergreen named Best Asia-Africa Shipping Line

July 6, 2017 by

AFLAS - Best Shipping Line Asia-Africa

July 06, 2017 — Evergreen Line has been awarded Best Shipping Line – Asia-Africa by Asia Cargo News at the 2017 Asian Freight, Logistics and Supply Chain Awards (AFLAS). The accolade was presented at a ceremony in Singapore last week and was accepted on behalf of the carrier by Ms. Molly Mok, Chairman of Evergreen Marine (Singapore) Pte Ltd.

The criteria against which voters were asked to choose an award winner included maintenance of schedule integrity, effective and easy to use IT systems, professional customer service and comprehensive choice of ports of call on the trade.  Asia Cargo News invited its readers to select the companies that had additionally demonstrated innovation and quality of service.  The winners of these awards have traditionally been chosen by transportation service users, not a panel of judges. The accolade is therefore particularly significant as it signifies a vote of confidence in the carrier’s quality service by its customers and reflects true industry excellence.

Evergreen Line is committed to providing this quality service through consistent investment in people, ships and infrastructure to build a reliable global network with a highly efficient IT platform. The carrier’s award-winning e-commerce system enables customers to be updated on the latest progress of their shipments.  Its professional customer service team work hard to provide solutions to shippers’ transportation demands, allowing them to seize business opportunities and enhance market competitiveness.

Hosted and organized annually by freight and logistics publication Asia Cargo News, the AFLAS awards conduct a comprehensive survey on transportation and logistics operators, including air and shipping lines, airports and seaports, logistics, 3PLs and other associated industry professionals. The awards are designed to honour organizations that have demonstrated leadership as well as consistency in their service quality, innovation, customer-relationship management and reliability.

 

Filed Under: Evergreen Line

Basic Equity Participation Agreement Made on FPSO Owning and Chartering Business for Oil and Gas Field, offshore Ghana

July 4, 2017 by

July 4, 2017

Kawasaki Kisen Kaisha, Ltd.

Sumitomo Corporation

JGC Corporation

Development Bank of Japan Inc.

Four companies (hereinafter the “four partners”), namely, Kawasaki Kisen Kaisha, Ltd. (head office: Chiyoda-ku, Tokyo; President & CEO: Eizo Murakami; hereinafter “’K’ Line”), Sumitomo Corporation (head office: Chuo-ku, Tokyo; President & CEO: Kuniharu Nakamura), JGC Corporation (head office: Yokohama, Kanagawa Prefecture; Chairman & Representative Director: Masayuki Sato; hereinafter “JGC”), and Development Bank of Japan Inc. (head office: Chiyoda-ku, Tokyo; President & CEO: Masanori Yanagi; hereinafter “DBJ”) have agreed in principle to participate in the owning and chartering business for oil and gas floating production, storage and offloading (FPSO)1 (hereinafter the “project”) run by the Malaysian offshore production services provider, Yinson Holdings Berhad and its group of companies (hereinafter “Yinson”).

After commencement of the definitive agreement, the four partners will acquire, through a joint venture, 26% of the shares of Yinson Production (West Africa) Pte. Ltd. (hereinafter “YP (WA) PL”), a FPSO owning company operated by Yinson. YP (WA) PL has concluded a 15-year long-term FPSO chartering agreement with Eni Ghana Exploration and Production LTd., which is an affiliate of the major Italian oil company Eni SPA, and started oil production at Offshore Cape Three Point Block (“OCTP”), approximately 60 kilometers south west of Ghana, in May 2017. Barring any unforeseen circumstances, the domestic supply of natural gas from FPSO is expected to commence in Ghana by mid-2018.

FPSO is key infrastructure for deep-water oil and gas production, which are likely to increase steadily in the future; thus, demand for FPSO is expected to increase. In preparation for this demand, “K” Line, Sumitomo Corporation and JGC will acquire knowledge and expertise through the project as their first FPSO owning and chartering business. DBJ will supply risk money with the “Special Investment Operations” as the project will help improve vitality and develop sustainability of the Japanese economy. Through the project, the four partners will contribute to stable oil and natural gas supplies in Ghana, thus solving natural gas and electricity shortages in the country.

1 FPSO (floating production, storage and offloading) refers to facilities used for offshore crude oil and gas production—storage of the produced crude oil in a tank and direct offloading onto a tanker.

■Reference

Outline of the project

Name of FPSO John Agyekum Kufuor
Crude oil production capacity 58,000 barrels/day
Gas production capacity 210 million square feet/day
Crude oil storage capacity 1.4 million barrels
Mooring system Spread mooring (about 500 to 1,000 meters below the surface)

*Multi-point mooring system to hold a vessel in position using multiple mooring lines
Shareholding ratio Yinson Group: 74%, four partners: 26%
Chartering period 15 years from June 2017

 

Outline of Yinson Holdings Berhad

Established in 1983 as a local transport and logistics company in Malaysia, which was divested from Yinson Group entirely in 2016. Yinson is currently a full-fledge company in the oil and gas industry and major player in the FPSO industry and is listed on the Main Market of the Malaysian stock exchange, Bursa Malaysia Securities Berhad. Yinson’s current fleet consist of five FPSOs and one floating, storage and offloading (“FSO”) unit as of June 2017.

Head office location: KL Eco City, 59200 Kuala Lumpur, Malaysia

Business: Marine services including offshore production services in support of global oil field developments

Filed Under: "K" Line

Notice of Establishment Schedule for Container Shipping Business Integration

July 3, 2017 by

In previous press releases (see below), Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha announced the expected establishment of a holding company and an operating company by July 1, 2017, for the integration of the three companies’ container shipping businesses, including terminal operation businesses outside Japan.

As of today, the new company to be established has received all necessary approvals for compliance with local competition laws in regions and countries where compliance is required for the new company’s establishment, and progress is being made towards completing the establishment of the new integrated container shipping business. Further details will be announced upon completion of all establishment procedures.

In the Republic of South Africa, the new company expects to complete the approval process for compliance with competition law before the service commencement date of April 1, 2018.

Overall, there is no impact on the three companies’ integration plans for the new container shipping business, and the service commencement date for the new company is likewise unchanged from April 1, 2018.

 

Related press releases

“Notice of Trade Name and Location of New Container Shipping Joint Venture,” May 31, 2017,

http://www.mol.co.jp/en/pr/2017/img/17035.pdf

“Notice of Agreement to the Integration of Container Shipping Businesses,” October, 31, 2016,

http://www.nyk.com/english/release/dbps_data/_material_/_files/000/000/004/488/161031_5.pdf

Filed Under: "K" Line

TT Club’s Specialised Cover for China-Europe Rail Link

June 29, 2017 by

Leading international freight transport insurer, TT Club is ensuring that its Members utilising the burgeoning Asia-Europe rail corridor for container traffic are adequately protected regarding liability exposures.

London, Hong Kong & Shanghai, 29 June 2017

Chinese Government investment in its ‘One Belt, One Road’ policy is considerable, aiming at developing trade via the overland route linking China and intervening regions to Europe, also sometimes referred to as the Silk Road.  Part of this investment has encouraged container freight, both east and westbound onto the rail services to and from fifteen European cities and multiple Chinese locations.

TT Club has been focused upon the growing Transport Operator and Logistics sector of the Asia Pacific region, and in particular on  mainland China for some time.  One of a number of initiatives the insurer has taken in order to provide effective support for this growth is to draw up robust trading conditions for multimodal transits offered by its Members.

“TT Club has throughout its near fifty year history been dedicated to facilitating container moves via all modes,” says Asia Pacific Regional Director Phillip Emmanuel.  “We are therefore well-placed by reason of our experience and network coverage to offer relevant insurance products and service for the rapidly expanding rail oriented Asia-Europe trade.”

Depending on the start/finish points, the 9-12,000 kilometre rail journey can take between 12 and 18 days; some thirty-five trains a week on average ran last year and carried over 150,000TEU.  Estimates based on the currently committed investment levels would see nearly half a million TEU moved on over 5,000 trains in three years’ time.  It is clear that TT Club logistics and forwarding Members are going to have an increasing requirement for the seamless multimodal cover and service provided.

True to its mutual heritage the Club also offers a variety of advisory facilities to additionally assist such transport operators.  An example is an International Freight Forwarding Agency Agreement developed to support Asian Members in making contracts with their customers. The agreement, offered in both English and Mandarin, stipulates the services to be performed by the operator, the liability regime in place and the responsibilities of the cargo interest.

In its latest initiative, TT Club has drafted trading conditions for use when moving freight by rail between China and Europe. These conditions aim to offer a contractual framework to meet the requirements of the ever growing trade flowing from the ‘One Belt, One Road’ initiative, reviving and developing the historic overland trade links. The Rail Consignment Note is a bilingual document in English and Mandarin addressing these requirements of moving freight across two continents and through multiple jurisdictions, where a number of legal regimes may be in force. The contractual terms (in English) on the reverse side of the Rail Consignment Note regulate the operator’s liability during the transit, with a Mandarin copy of these conditions available to supplement understanding.

“This work was developed in response to a specific request from one of our Members based in Hong Kong with extensive operations in mainland China,” explains Emmanuel. “And delivered to the market by using our expertise based in Shanghai, Hong Kong & London, this initiative is just one example of TT Club’s customer-focussed service mentality and our responsiveness to market trends – in this case the rapid growth of rail-based inter-continental trade.”

ENDS

About TT Club

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.  TT Club is managed by Thomas Miller.

www.ttclub.com

 

Filed Under: TT Club

The American Club reports solid progress in 2016 despite challenging business climate

June 23, 2017 by

Positive trends continue into 2017 centennial year

  • P & I and FD & D entries grow by 16% and 19% respectively during 2016.
  • 2016 policy year premium flat, but financial year revenue grows by 17%.  
  • Tonnage and premium increase by further 6% through June 2017. 
  • Membership risk profile continues to improve.
  • Attritional claims developing favorably, in line with earlier years.
  • Pool claims continue at moderate levels.
  • 2014 policy year closed without call in excess of original estimate.
  • 2015 policy year release call margin reduced from 15% to 10%.
  • Eagle Ocean Marine continues to gain market share with excellent profitability.
  • American Hellenic Hull gains Solvency II licensing, early growth exceeds expectations.
  • Houston office opened to extend Club’s capabilities in US gulf and beyond.
  • Club’s surpluses move strongly upward over first quarter of 2017.
Joe Hughes - Sept 16

Joe Hughes, Chairman and CEO of the American Club’s managers, Shipowners Claims Bureau, Inc.

NEW YORK, JUNE 23, 2017:  Despite a challenging business climate, the American Club reported solid progress during 2016, the closing year of its first century of service to the global shipping community.  Members attending the one-hundredth Annual Meeting of the Club in New York yesterday heard that its business was developing positively and that 2017, its centennial year, had started on an upbeat note.

Club tonnage had grown substantially during 2016 – P & I entries by 16% and FD & D business by 19%.  2017 had also started well in this respect, both tonnage and premiumhaving grown by 6% over the four months since renewal.  It was also encouraging that the business renewed by the Club continued to enjoy a favorable risk profile, with a trailing five-year loss ratio of only 51%.

The results of the financial year to December 31, 2016 disclosed a small operating loss of just under $2 million.  Total premium was up 17% for the year at $95.3 million, as were net investment income and net realized investment gains which, at just under $7 million, were about 13% higher than 2015 ($6.2 million).  However, losses and other expenses had risen from $83.3 million to $108.5 million, mainly due to two claims of unusual severity during the course of the 2016 policy year.  This, combined with a small unrealized loss on investments of $2.9 million, had generated a total Members’ Equity at year-end of $51.4 million, just under $5 million less than it had been at the end of 2015.

Encouragingly, however, the Club’s surpluses had risen substantially as of March 31, 2017, by which time the balance of premium for the 2016 policy year had been fully recognized.  The Club’s GAAP surplus had grown over the quarter by 17% to $60 million, a figure about 9% above that recorded twelve months earlier.  Its statutory surplus also rose by nearly 10%, to $72.8 million.

Loss development continued to follow the favorable trends of recent years.  Claims for 2015 were still at comparatively low levels and had moved the year into respectable surplus.  Attritional exposures for the 2016 policy year were developing at a level largely the same as they had been for 2015 at a similar stage.  Claims for the 2017 policy year, albeit at a very early point of development, were following the positive emergence of 2015 in particular.  Losses within the International Group’s Pool also continued to develop favorably.

The Club’s investments had generated an overall return of some 2.4% during the period against a blended benchmark of 2.2%.  This was a substantial improvement on the previous year’s return of only 28 basis points.  It was a creditable result given the market uncertainties which prevailed during most of 2016.

The Club’s Eagle Ocean Marine fixed premium facility had performed strongly in 2016, and into the early part of 2017.  With an aggregate combined ratio of just over 60%, the facility was making a very healthy contribution to mutual results.

Taking all these circumstances into account, the Club’s Board resolved formally to close the 2014 policy year without call in excess of the original forecast.  At the same time, in view of its continuingly positive development, it was decided to reduce the release call margin for the 2015 policy year from 15% to 10%.

A highlight of 2016 had been the licensing of American Hellenic Hull by the Cypriot authorities.  Fully capitalized and compliant under the Solvency II insurance regulations of the European Union, American Hellenic Hull had made excellent progress to date.  Some 1700 vessels are now insured by the new company which continues to gain market share and promises to make a significant contribution to the Club’s business from a variety of perspectives over the years ahead.

On the service front, the Club’s Managers had opened an office in Houston, Texas in July, 2016 in order to extend the Club’s capabilities in the US Gulf and beyond.

In assessing the condition of the Club’s affairs in its centennial year, the Club’s Chairman, Arnold Witte of Donjon Marine Co. Inc., said: “2016 was yet another challenging period for the shipping industry and all those who serve its interests.  But it was also a year of achievement for the American Club across a wide spectrum of activity.   The Club remains well placed to exploit opportunities in the future.  In this special, centennial year, my fellow Directors and I wish to thank the Members, and all those who act on their behalf, for their continuing support as we move into our second century of service to the global maritime community.”

Joe Hughes, Chairman and CEO of the American Club’s Managers, Shipowners Claims Bureau Inc., echoed Mr. Witte’s remarks: “Notwithstanding difficult business conditions, 2016 was a solid year for the American Club.  It advanced its business in many areas as the year unfolded.  It was particularly encouraging to see a solid increase in tonnage, a trend which has continued into 2017.  Claims continue to develop favorably, revenue is growing despite a weak pricing environment, investments are performing well, membership is expanding, free reserves are increasing, and the Club’s service capabilities continue to be enlarged.”

He concluded: “As we reflect on the American Club’s first century, we will continue to exploit the energy and enthusiasm which have driven its recent progress, fortifying the Club’s prospects for further success over the years ahead.”

The Annual Meeting saw the election of Ms. Judy L. Collins of Patriot Contract Services, LLC, Concord, California and Mr. Gary K. Cutler of Poling & Cutler Marine Transportation, Inc. of Freehold, New Jersey, as new members of the Board.

The retirement of Mr. James P. Corcoran, an independent member of the Board, and a former Superintendent of Insurance for the State of New York, was also noted.  Mr. Corcoran was thanked most warmly for his outstanding contribution to the Club’s affairs over many years of diligent service.

ENDS

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/

The full 2016 Annual Report for the American Club can be accessed on its website.

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.
 

 

Filed Under: The American Club

Evergreen rolls out sea freight services for Alibaba.com members

June 21, 2017 by

June 21, 2017 — Evergreen Line has teamed up with Alibaba.com, a leading wholesale marketplace for global trade under Alibaba Group, to provide Alibaba.com members with the option of booking sea freight services online with guaranteed space and prices. Evergreen Line has also appointed Evergreen Logistics Corporation as a designated provider of customized, comprehensive logistics solutions for Alibaba.com members opting for its sea freight services.

The growth of e-commerce has resulted in small, fragmented orders from global buyers. Taking note of the need for user-friendly logistics services of smaller volume shippers, Evergreen Line is collaborating with Alibaba.com to allow shippers to search for freight rates and reserve cargo space on the Alibaba.com platform directly, a service that will be available to primarily suppliers in China. Once a booking is confirmed, the selected price is also locked-in.  The rate will not alter regardless of how the market price changes. With a guarantee of space and price, shippers can keep their production lines running with assurance and control their logistics costs with confidence.

In addition to this new direct booking facility , Evergreen Line is also responding to the needs of smaller shippers for one-stop logistics services by appointing Evergreen Logistics as a supplier of such services for Alibaba.com suppliers opting for Evergreen Line’s sea freight services, contactable at the online booking point. No matter if it is a trucking arrangement, customs clearance or documentation requirement, Evergreen Logistics can provide cost-effective and time-critical solutions to shippers who may not be familiar with such procedures.

At this initial stage of its partnership with Alibaba.com, Evergreen Line will be offering Alibaba.com suppliers the booking facility on routes from China’s main ports to Israel and the South American region. Detailed ports and service routes are outlined below:

  • Israel Service

FEM

–     Port of Loading: Shekou, Yantian

–     Port of Discharge: Ashdod, Haifa at Israel

 

  • South America Service

ESA

–     Port of Loading: Shanghai, Ningbo, Yantian

–     Port of Discharge: Buenos Aires, Argentina; Montevideo, Uruguay; Brazilian ports including Itaguai, Santos, Paranagua, Navegantes, Rio Grande

 

WSA/WSA2

–     Port of Loading: Shanghai, Ningbo, Shekou, Yantian

–     Port of Discharge: Buenaventura, Columbia; Guayaquil, Ecuador; Callao, Peru

Filed Under: "K" Line

TT Club announces robust financial results for 2016 and AM Best affirms A- (Excellent) rating

June 13, 2017 by

TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2016, and AM Best affirms its A- (Excellent) rating for the 11th consecutive year

Highlights:

  • $177.8 million gross earned premiums (2015: $172.0 million)
  • $5.2 million surplus (2015: $4.8 million)
  • Total assets of $613.0 million (2015: $618.1 million)
  • Total surplus and reserves $185.8 million (2015: $178.1 million)
  • AM Best affirms financial strength rating  as  A- (Excellent)
  • 2016 financial year combined ratio of 95.3% (2015: 94.4%)

In his inaugural report since taking over from Knud Pontoppidan in July 2016, new Chairman of TT Club Ulrich Kranich, said: “2016 will be a year that many of us remember for some time. The theme of recent years of an increasing number of factors causing instability around the world has continued, and shows little sign of abating. Set in this context, the stability in the Club’s performance is extremely welcome.”

“The Club retained its A- (Excellent) financial strength rating from AM Best for the 11th successive year and maintaining this rating is one of our main objectives. Financial performance was in line with the Board’s business plan and the financial year combined ratio – the main measure of operating performance – was within its target risk appetite. As a mutual, the Club’s finances are managed to produce a small surplus and to achieve this was therefore an entirely satisfactory result.”

“2016 was a good year for new business for the Club and as its Member retention rate continued at the very high levels of recent years, premium income was managed to satisfactory levels. Attritional claims in 2016 were as expected, however, and positively contrasted to 2015, large claims in 2016 were just below the long-term trend level. The main claim event in 2016 was the demise of Hanjin Shipping which led to claims on the Club from transport operators and container lessors.”

“Overall, the Club’s surplus and reserves grew by US$ 5 million in the year. Regulatory and solvency capital remained very strong in the year and is forecast to continue as such in 2017, and accordingly it is expected the Club will maintain its AM Best A- rating in 2017.”

Charles Fenton, Chief Executive of TT Club, added: “In enduringly trying economic circumstances, TT Club continues to perform strongly and retain its financially strong position and maintain its AM Best Excellent A- rating. As we continue to work towards keeping insurance costs down, we remain committed to working with members and brokers to maintain our loss prevention and service levels to sustain our position as (one of) the world’s leading provider(s) of international transport and logistics insurance.”

Mr Kranich also made a warm tribute to Mr Pontoppidan’s leadership of the Club which has significantly strengthened and as a result has been able to cope very well with difficult market conditions in both the insurance and global transport markets.

The TT Club’s 2016 Annual Report and Financial Highlights can be downloaded by clicking here

– Ends  –

 

Notes to editors

TT Club 

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.

 

Thomas Miller

Thomas Miller is an independent and international provider of insurance, professional and investment services.

Founded in 1885, Thomas Miller’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals. Thomas Miller also manages insurance facilities for all the self employed barristers in England & Wales, as well as trustees of pension schemes, patent agents and housing associations.

Principal activities include:

  • Management services for transport and professional indemnity insurance mutuals
  • Investment management for institutions and private clients
  • Professional services
  • Building defects insurance

www.thomasmiller.com

Filed Under: TT Club

“K” Line Honors Recipients of “K” Line Group Environmental Awards 2017

June 13, 2017 by

On 5 June, “K” Line presented “K” Line Group Environmental Awards 2017 to recipients invited from national and international companies of the Group.

These Awards were established to give recognition to, and present prizes in the name of, the President for outstanding environmental and biodiversity conservation activities carried out by all offices and employees of the “K” Line Group under “K” Line Environmental Vision 2050 developed in March 2015 as our long-term environmental management policy.

For this year’s Awards 2017, third time this ceremony has been held, Mr. Eizo Murakami, President & CEO, has selected one Grand Award and eight Excellence Awards from among many applications, after considerable review that took into account such factors as “creativeness,” “difficulty,” “contribution level,” “continuity” and “repercussions.”

Through these Environmental Awards, “K” Line Group is engaged in promoting widespread awareness of various environmental conservation activities within the Group and encouraging others to likewise adopt those activities as actions of the entire Group. We will also continue to focus on how to contribute to environmental and biodiversity conservation in an active manner in order to fulfill our mission to hand down a sustainable society as well as this blue and beautiful ocean to the next generation, which is set under “K” Line Environmental Vision 2050.

Recipients of this year’s Awards 2017 are as shown below.

 

Grand Award

Energy Saving Project by Implementing Detailed Forecasting and Communication

(KAWASAKI KINKAI KISEN KAISHA, LTD.)

The shipper, weather information provider, and the shipping company (Kawasaki Kinkai Kisen) enabled to facilitate rapid and thorough positioning of the transportation plans by utilizing the weather information system in order to predict the demand of products which are affected by the temperature change.

In addition, the captioned vessels adopted an optimum route supporting system which established economic operations based on optimum routes by considering the meteorological and oceanographic phenomenon.

This activity won the Grand Award for the 17th Annual Environmental Logistics Awards and also the Energy Conservation Grand Prize, Business Models Category, METI Minister’s Award.

 

Excellence Awards

Environmental Preservation Activities of PrixCar Services Pty. Ltd.

(“K” LINE (AUSTRALIA) PTY LIMITED)

 

Saving Cost and Protecting Environment Recycling Resource by Selling Wastes

Cost-Saving by Re-using Wood Wastes

(K LINE CONTAINER SERVICE (THAILAND) LTD. )

 

Publication of Petit Eco Information

(NITTO TOTAL LOGISTICS LTD.)

 

Adoption of Document Control Software for Electronic Storage of Office Papers

Office Group Software Adoption for Electronic Documents and Strengthening Safety Control

(SEAGATE CORPORATION)

 

E-learning for Vessel Crews, `Energy Efficiency Onboard`

(KAWASAKI KISEN KAISHA, LTD.  MARINE ENERGY SAVING DIVISION)

 

Why Clean India, for Our Future Children

(‘K’ LINE SHIP MANAGEMENT (INDIA) PRIVATE LIMITED &K Line Maritime Academy (India) )

 

Planting 240 Trees in Asparuhovo Region, Varna, Bulgaria

(STARGATE MARITIME LTD.)

 

Strengthening Environmental Awareness of Crews by Visiting the Vessels

(KAWASAKI KISEN KAISHA, LTD. CONTAINERSHIPS STRATEGIC GROUP CONTAINER TRANSPORT MANAGEMENT TEAM)

Filed Under: "K" Line
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