Transport communications

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Deadline for New UK Customs Import System Imminent

August 19, 2022 by

The long-heralded migration of import declarations from CHIEF to CDS comes to fruition on 30th September.  Importers in the UK must register on CDS prior to that date or face significant delays in customs clearance of their cargoes. Existing CHIEF system will be shut down as of that date.

C4T, the global customs solutions provider is increasingly concerned about the number of UK importers yet to register for, and become familiar with, the customs regulator HMRC’s news Customs Declaration Service (CDS).  The deadline for migration from the old CHIEF system is 30th September and declarations using CHIEF from 1st October onwards will not be valid.  At the beginning of this month HMRC drew attention to the urgent need for importers not yet registered for CDS to take action immediately.

Yesterday HMRC reported that it is seeing increased activity according to all its dashboard measures. The agency distinguishes two critical groups of declarants: the top 248 and 3000 others that should ‘ideally be ready’ (based on the assumption that these companies are currently using CHIEF for imports). Of the top group 225 are live on CDS, representing 77% of all declarations in the current CHIEF system.  400 of the group of 3000 are at least registered on CDS with a further 500 live on the new system.

C4T has clients based in the UK and other parts of Europe regularly moving freight into the country.  Pieter Haesaert is Founder and President,  “HMRC are making concerted strides to close the gap with a programme of pro-active contact to the balance of non-registered importers with the 3000 group.  Over 50% of this out-reach has been completed.” he reports. “In addition to these two critical groups, there are some 15,000 importers with direct debit accounts for the payment of import duty that HMRC states need to adapt to CDS.  They are also being contacted.”

“Despite this concentrated activity by HMRC, and others in educating and advising importers and brokers on the technical detail of the changes in data entry required by the transfer from CHIEF to CDS, there clearly remain major concerns over the lack of preparation by numerous companies.” 

C4T understands that HMRC is planning a further announcement on the progress of the migration to CDS in mid-September.

Whether registered or not there is also a significant lack understanding by importers over aspects of the CDS system.  Haesaert continues, “A poll taken during one of our own regular webinars offering advice on the changes suggested that over a third of respondents felt ‘not comfortable at all’ with the changes to the data fields required for custom’s entries.”

C4T is confident that the CDS technology is ready and capable of handling the change- over, believing it to be well designed and thoroughly tested over a lengthy period. It represents a much needed up-date to the thirty-year old CHIEF system and its final introduction is well timed to be synchronised with similar transfers to new systems that are planned in other European countries over the next two years. 

C4T, along with the majority of software providers, is well prepared to provide the necessary support to UK importers.  With its further established connections into the Dutch, Belgian, French and German customs infrastructures, C4T has the resource to also guide importers and exporters through the coming changes in these countries. 

However as Haesaert says, ”Our immediate focus is on the end of September.  We must continue to urge those companies not CDS compliant to get on-board and seek assistance if they are still not assured of a seamless transfer to the new system.  At C4T we stand ready to help and are prepared to adapt should HMRC feel it necessary to introduce a contingency plan to deal with imports accompanied by incorrect declarations post 30th September.”

About Customs4trade (C4T)

C4T has an unique team of customs experts and best-of-breed technology engineers and has developed CAS, a one-of-a-kind software solution for customs and trade compliance. Managed Customs Services have been added to this product offering, helping companies make the most of their software investment.

CAS is a collaborative hub, built on the Microsoft Azure platform and delivered as a service (SaaS). It is designed to manage regional and worldwide customs and trade compliance quickly and accurately, within one single platform. CAS provides customers with continual updates and feature enhancements, including the incorporation of any changes to legislation and compliance regulation—along with Azure’s signature accessibility, scalability, and security.

Forward-thinking companies are turning to C4T to help them navigate customs and trade with native-cloud software and managed services for their organisation’s highest strategic benefit.  

For more information or to contact the company, please visit www.customs4trade.com.    

Filed Under: Customs4trade (C4T)

GEODIS to acquire Need It Now Delivers to significantly strengthen its U.S. offerings

August 16, 2022 by

GEODIS, a world leader in transport and logistics, today announced that it has signed an agreement to acquire the American company, Need It Now Delivers. The acquisition will enable GEODIS to significantly increase its presence in the United States in the areas of contract logistics and last-mile delivery. The acquisition will also consolidate GEODIS’s position as one of the world’s ten leading logistics providers.

Marie-Christine Lombard, CEO of GEODIS, commented: “The acquisition of Need It Now Delivers is a key step through which we will strengthen and diversify our offerings in the U.S., providing our customers with a global and integrated end-to-end freight network in the United States, from international transport to last-mile delivery. This new acquisition represents an important milestone as we continue to progress on our strategic plan, Ambition 2023.”

Need It Now Delivers operates an expansive domestic road freight network with more than 65 company locations and 300 distribution points, providing strong national coverage, particularly in the eastern United States. To offer its customers complete port-to-door logistics solutions, the company specializes in distribution, last-mile delivery, and in multi-channel contract logistics across a wide range of high-growth industry verticals. Owned in part by management along with the private equity fund Palm Beach Capital, the New Jersey-based company employs approximately 2,000 people and is expected to reach revenues close to $750 million in 2022.

“Our U.S. supply chain business has consistently grown over the last 10 years,” said Mike Honious, GEODIS in Americas President & CEO. “With the services, capabilities, and the leadership team of Need It Now Delivers, we will expand our offerings and support the growth strategies of our customers.”

This acquisition will strengthen GEODIS’s American footprint and e-Commerce services portfolio, with customers able to benefit from the Group’s expertise in end-to-end supply chain expertise in freight forwarding, road transport, contract logistics and last-mile delivery.

Eric Mautner, CEO of Need It Now Delivers, said: “Since our inception in 1987, Need It Now Delivers has scaled rapidly to position ourselves as an industry leader with a special focus on omnichannel and last-mile delivery. Together with GEODIS, our teams can continue to build upon this momentum to provide customers with a more expansive network of flexible, efficient and reliable services that will ultimately allow us to successfully meet projected industry dynamics such as continued e-Commerce growth and increasingly complex supply chains that require the need for omnichannel capabilities.”

Once the transaction is completed, the GEODIS group will employ roughly 15,000 people across more than 200 locations in the U.S and exceeding 17,000 in the Americas. The combined organizations of GEODIS and Need It Now Delivers would have generated $3.7 billion for full year 2021 in the U.S.

The acquisition is subject to regulatory review and approvals, which are expected to be obtained by end of 2022. Both companies will operate as independent businesses and run their operations as usual until that time.

GEODIS – www.geodis.com 

GEODIS is a global leading transport and logistics provider recognized for its 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 global network spanning nearly 170 countries, is reflected by its top business rankings: no. 1 in France and no. 7 worldwide. GEODIS employs over 44,000 people globally and generated €10.9 billion in revenue in 2021.

PHOTOGRAPHS:

A Selection of photographs can be downloaded HERE

Filed Under: GEODIS

TT Club briefings pinpoint warehouse safety in graphic detail

August 15, 2022 by

Current supply chain focus is predominantly on cargoes on the move, however safety concerns at the multiple locations where goods are ‘at rest’, either at the interfaces between different modes or in longer term storage, are just as critical.

The international freight transport insurer TT Club has turned its attention to the safety risks at cargo storage facilities.  Some of these can lead to catastrophic incidents, though less startling events, together with near misses are more common in a congested supply chain world. Together these may have the potential to be just as damaging and disruptive.  In continuing its mission to mitigate such risks, TT has issued a new warehousing series of its graphic TT Briefs.

As per the example below, TT Briefs are designed to convey risk management advice succinctly in easily digestible form for operators to download* and utilise both in the workplace and throughout their organisations. In the case of the warehouse series, five crucial topics are addressed:

  • Choosing a storage warehouse
  • Operating a safe warehouse
  • Mitigating flood risk
  • Preventing warehouse fires
  • Operating a secure warehouse

“Whether located in port areas or inland, warehouses are a fundamental component of the global supply chain and arguably, they have become increasingly important nodes, as just in time supply chain models are being adjusted with a more conservative approach to longer-term inventory storage,” comments Mike Yarwood, TT’s MD of Loss Prevention. “We are keen to increase awareness of all key risks, however our role at TT is also to guide operators in the prevention of incidents. Our TT Brief series seeks to provide pithy messaging to support toolbox talks and good operational practices.”

Safety precautions begin with practical considerations for establishing a warehouse. These inevitably relate to location, size, availability of labour etc., but the first and most important decision will be whether to own or lease the property. There are considerable differences in responsibilities and liabilities and these must be fully understood to mitigate risk.

While there are more obvious physical measures such as perimeter fences, CCTV and barriers, effective security measures also include procedural aspects such as ensuring due diligence when hiring personnel.  A consideration of growing importance is that of climate change, risk of exposure to weather related losses and likelihood of flooding. A less obvious consideration might be the activities of adjacent facilities, including potential contamination risks from incompatible cargoes.

Perhaps the most significant in terms risk to life, damage and cost of claims, is fire. The primary causes of warehouse fires include electrical failures or malfunction, hot works, maintenance related issues and poor enforcement of no smoking policies. “As with much of our advice on loss prevention, preparation and planning are crucial,” says Yarwood. “Periodic risk assessment, effective maintenance and training, enforcement of policy and good housekeeping are all key as the TT Briefs highlight.”

* www.ttclub.com/loss-prevention/warehouse-risks

About TT Club

TT Club is the established market-leading independent provider of mutual insurance and related risk management services to the international transport and logistics industry. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

Filed Under: TT Club

“K” LINE enters into Long-Term Time Charter with QatarEnergy for Seven Newbuilding LNG vessels

August 10, 2022 by

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce the execution of seven long-term Time Charter contracts through joint venture companies (Note 1) with QatarEnergy (Note 2).   The joint venture companies have concurrently executed Shipbuilding contracts for 174,000m3 LNG carriers with Hyundai Heavy Industries Co., Ltd.

QatarEnergy is one of the world’s largest LNG producers and will allocate the newbuilding vessels to transport LNG around the world.

The newbuilding vessels will be equipped with X-DF 2.1 iCER (Note 3) and Air Lubrication System (Note 4) which will contribute to reduction of GHG emissions and realize the ease of environmental impact by lower fuel consumption in operation.

Since the delivery of “Bishu Maru” in 1983 as the first Japanese LNG carrier, “K” Line has been establishing expertise on LNG transportation and developing its worldwide network for nearly 40 years.

“K” LINE and QatarEnergy have had long-term relationship through several existing projects. The new contracts have been executed as a successful result of supervision of vessel’s construction with abundant experience, the high-quality ship management, and the highest level of safe and commercially optimized operation.

In our Medium-Term Management Plan published in May 2022(Note 5), “K” LINE has placed LNG business as one of the top priority areas in the future investment. “K” LINE will further expand long-term contracts and accommodate growing energy demands by responding to various customers’ needs.

(Note 1) It is sponsored by “K” LINE together with Nippon Yusen Kabushiki Kaisha, China LNG Shipping (Holdings) Limited.,　and MISC Berhad through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd.

(Note 2) QatarEnergy is a state energy company of Qatar.

(Note 3) X-DF 2.1 iCER is a low speed dual-fuel engine with gas at low pressure.

(Note 4) Air Lubrication System is technology to curb the resistance between the ship’s hull and seawater by generating air bubbles on the ship’s bottom.

(Note 5) Medium-Term Management Plan (Released on May 9, 2022)

https://www.kline.co.jp/en/ir/management/strategy.html

Main Particulars of the Vessel

ShipyardHyundai Heavy Industries Co., Ltd.
DeliveryFrom 2025 through 2026
LOAAbout 299m
Beam46.4m
Tank Capacity174,000m3
Propulsion SystemX-DF
Speed19.5knt
Filed Under: "K" Line

“K” LINE selected as a Constituent of FTSE4Good Index Series and FTSE Blossom Japan Index

August 9, 2022 by

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has been selected as a constituent of the “FTSE4Good Index Series”, one of the leading global indices for ESG investing, for the first time in two years, and “FTSE Blossom Japan Index” for six years in a row since the index was launched in 2017.

Created by the global index provider FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company), the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. (1,093 companies selected from developed countries, including 224 Japanese companies, and 566 companies from emerging countries). The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.

On the other hand, FTSE Blossom Japan Index reflects the performance of Japanese companies that demonstrate strong ESG practices (253 companies selected out of 1,395 constituents of FTSE Japan All Cap Index). This index has been adopted as a benchmark of ESG investing by Government Pension Investment Fund (GPIF) in Japan. 

“K” LINE has been addressing sustainability as a priority issue of its corporate management, and advancing various initiatives to respond flexibly to various needs. These include not only changing customer needs, but also the needs of nations and the global community, especially for the achievement of the UN Sustainable Development Goals, and measures to mitigate climate change. Going forward, “K” LINE will continue to pursue conservation of the global environment while helping to realize a sustainable society through proactive sustainability efforts. We will also remain steadfast in our pursuit of growth opportunities and greater corporate value.

Filed Under: "K" Line

TT Club announces new CFO appointment

August 9, 2022 by

With effect from 1 August 2022, EeLain Ong has taken over as Chief Financial Officer (CFO) of international freight transport and logistics insurer TT Club. Appointed in April 2022, Ong has shadowed the outgoing CFO Julian Chowdhury in his position for the intervening months prior to his retirement.

As CFO of the well-established specialist mutual insurer, Ong’s challenges will be to achieve business plan profit targets via operational efficiencies focussed on simplifying and automating processes along the insurance value chain.

In making the announcement Charles Fenton, CEO of TT Club comments, “TT is fortunate to have in EeLain someone of vast and varied experience so suited to the Club’s structure and nature of its business. Over her 27 year career she has held leadership positions within finance, treasury and tax at re/insurance companies, captives, mutuals, start-ups and Lloyd’s syndicates, and across multiple jurisdictions globally. She replaces a true professional in Chowdhury, who we thank for his long and tireless service of almost 30 years. We wish him a happy and fulfilling retirement.”

Ong is a graduate of Hull University and a Chartered Accountant (FCA). In addition to roles at re/insurance providers, she also had experiences as a regulator,  an auditor, and an M&A corporate financier – all of which has exposed her to structuring finite, legacy and traditional risk transfer deals within the realms of financial governance.

“I see the strength of TT as a reliable and expert risk management provider for organisations in the global supply chain sector which is continually undergoing disruption.  My role in part will be to help maintain TT’s agility to adapt to this changing trade environment, yet remain consistent in delivering renown service and claims efficiency,” says Ong.

About TT Club

TT Club is the established market-leading independent provider of mutual insurance and related risk management services to the international transport and logistics industry. TT Club’s primary objective is to help make the industry safer and more secure. Founded in 1968, the Club has more than 1400 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air. TT Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. It retains more than 97% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.

https://www.ttclub.com

Filed Under: TT Club

Evergreen Marine Obtains Double Certification for its Greenhouse Gas Emission Inventory

August 8, 2022 by

In order to implement the company’s environmental protection policy and carbon reduction goals, Evergreen Marine Corp. has completed a systematic inspection and calculation of greenhouse gas emission inventories for its business operations, including its global operating fleet, office buildings and container terminals in Taiwan. The methodology and results of the survey were recently certified by BSI (British Standards Institution) in compliance with ISO14064-1:2018 and the GHG Protocol in late July.

In view of the impact caused by climate change and the international community’s concerns on sustainability issues, governments around the world have proposed carbon reduction targets. The FSC (Financial Supervisory Commission) in Taiwan also launched its “Sustainable Development Roadmap for Listed Companies” in March this year, requiring companies to disclose their greenhouse gas emission inventories in stages.  Listed companies such as Evergreen Marine, with capital of more than NTD 10 billion must complete the survey of its greenhouse gas emission sources and inventories next year (2023), and obtain third-party verification by 2024. In addition, surveys and verification of its subsidiaries must be completed in 2025 and 2027, respectively.

To comply with relevant regulations and meet various information needs about greenhouse gas emission of customers and other stakeholders, Evergreen Marine established a task force responsible for the inspection of its greenhouse gas inventory and the design of a carbon footprint platform. Following a thorough inspection and verification of its greenhouse gas emissions for all business operations, the company simultaneously obtained the two international environmental protection standard certificates of ISO14064-1:2018 and GHG Protocol in July, ahead of the schedules required by the competent authorities.

Evergreen regards these measures as part of its responsibility as a “Guardian of the Green Earth”. The company is using advanced technologies to build a fleet of eco-friendly vessels, which comply with the IMO’s Energy Efficiency Existing Ship Index (EEXI) regulations and enable best fuel efficiency, and continues to replace old ships with new ones. At present, 80% of ships in its operating fleet are less than ten years old. This young fleet allows the carrier to operate with maximum efficiency in providing transportation service with lower energy consumption. 

Contributing to this efficiency, Evergreen’s investment in the 7th Container Center in Kaohsiung is expected to come to fruition with operations beginning in the 2nd half of next year.  The terminal will gradually replace current operations in the separated transit hubs of the fourth and fifth container centers located in different parts of the port. Consolidation of operations at the brand new transit hub will effectively reduce the shunting of transshipments between the two terminals and eliminate the carbon emissions arising from such transportation.

In order to fulfill its commitment to green shipping and sustainable operation, Evergreen has set proactive carbon reduction targets based on its levels of carbon emissions in 2008, including a 50% reduction of CO2 emission rate (g/TEU-km) by 2030; a 70% reduction in the emission rate by 2050, and a 50% reduction in overall emission volumes by 2050.

In looking to the future, Evergreen will continue to implement various environmental protection measures across its operations, periodically report its emission inventory, and monitor the progress of its carbon reduction efforts, with an aim to reach carbon neutral operation by 2050. If there are further advances in shipping technology and clean energy development in the future, Evergreen will also be committed to achieving its vision of realizing zero carbon emissions.

Filed Under: Evergreen Line

GEODIS – A very solid performance in the first half of 2022 in a turbulent global context

July 29, 2022 by
  • Growth of 34% in revenues at €6,748 million, at constant exchange rates and scope of consolidation, compared to the first half of 2021
  • A sharp rise in EBIT[1]: an improvement of 53% to €309 million compared to the first half of 2021, reflecting the dynamism of the business and strict cost control in an inflationary environment
  • GEODIS remains in control of its debt (financial leverage close to 1x[2])
  • GEODIS has exceeded the goals of its Ambition 2023 plan, thereby demonstrating the relevance of its business model
  • GEODIS has confirmed its ambition for growth in an uncertain environment

Commenting on the first half results for 2022, Marie-Christine Lombard, CEO of GEODIS, said:

“In a turbulent global context, GEODIS has confirmed its capacity to generate profitable growth. In the first half of 2022, the Group achieved revenues of €6,748 million, an increase of 34% by comparison with the previous year. 

These good results demonstrate the relevance of our growth model and allow us to press ahead with our strategy of targeted acquisitions as we seek to build a global, integrated network of transport and logistics hubs.

I would like to thank our customers for their confidence, and our teams for their ability to implement solutions to deal with the disruptions that have affected the global supply chain.”

The first six months of 2022 reflect the success of GEODIS’s transformation and the relevance of its integrated growth model

  • A sharp rise in revenues and profitability

Revenues showed solid growth of 34% at €6,748 million, driven by all activities and in particular by Freight Forwarding.

This sustained increase was achieved in a context of extreme tension in maritime and air transport, reflected in high freight rates and shrinking market volumes. In this context, GEODIS continues to grow and gain market share.

Contract Logistics continues its rapid development, particularly in the United States, because of the growth in e-Commerce.

The Road Transport Line of Business enjoyed a good level of volumes in France and other countries.

The Distribution & Express Line of Business continues to be driven by the development of e-Commerce in France.

Overall, this dynamic growth resulted in a significant increase in profitability, with EBIT increasing by 52% to €309 million and EBITDA standing at €598 million.

  • An ongoing strategy of targeted acquisitions

GEODIS remains committed to building a comprehensive range of services for managing its customers’ flows, with the construction of a global and integrated network of transport and logistics hubs.

In this perspective, the acquisitions in 2021 of PEKAES in Poland and of Gandon Transports and Transports Perrier in France have been followed by that of Keppel Logistics, which will strengthen GEODIS’s presence in the contract logistics sector in Asia-Pacific, more particularly in Singapore.

GEODIS, fully committed to ESG initiatives

  • A greener fleet

With the ambition of achieving a 30% reduction in its CO2 emissions by 2030 (compared to 2017), GEODIS is pressing ahead with the greening of its fleets of vehicles.

An additional 120 natural gas vehicles have been ordered, bringing the number of trucks ordered powered by bio-CNG (compressed natural gas) for last-mile deliveries in city centers to 320. In addition to a reduction of up to 80% in CO2 emissions compared to a Euro VI-E diesel vehicle, emissions of both particulates and nitrogen dioxide (NO2) are as much as 85% lower.

Meanwhile, GEODIS has teamed up with Renault Trucks to develop a new electric truck specially designed for urban logistics.

  • Rail-route solutions

A leading player in multimodal transport, GEODIS continues to expand its network in Europe with a new rail line connecting France and Italy. 

  • A prize for environmental performance

At the Voluntary Commitments to the Environment Awards 2022, the Group’s Road Transport Line of Business won a trophy for the best progress and was praised by ADEME (the French environmental and energy management agency) for its commitment to reducing its CO2 emissions.

  • Changes to the Group’s governance include the appointment of three new members to the Executive Committee: Celeste Thomasson, as the Group’s General Counsel with responsibility for Legal Affairs, Insurance, Compliance and Audit; Pascale Dubois, as Executive Vice President, Group Communications and Brand; and Laurent Melaine, as the Group’s Chief Commercial and Marketing Officer. 

GEODIS is focused on maintaining its position in the context of inflation and economic slowdown. The group’s short-term outlook remains positive.

The performance of GEODIS operations is good across all Lines of Business and geographical sectors. Nonetheless, the level of macro-economic uncertainty remains high, with the repercussions of the public health crisis in China, inflationary trends, and significant pressure on maritime capacities, among other phenomena.

Link to accompanying image : https://geodis.keepeek.com/b859xVaLU

GEODIS – www.geodis.com 

GEODIS is a global leading transport and logistics provider recognized for its 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 global network spanning nearly 170 countries, is reflected by its top business rankings: no. 1 in France and no. 7 worldwide. GEODIS employs over 44,000 people globally and generated €10.9 billion in revenue in 2021.

[1] Post-IFRS 16 EBIT (Earnings Before Interest and Taxes) consists of revenues and related income minus operating expenditure.

[2] Net financial debt / EBITDA over the past 12 months (excluding IFRS 16).

Filed Under: GEODIS

JGC CORPORATION and Kawasaki Kisen Kaisha, Ltd. Joins CCS Study in Malaysia

July 29, 2022 by

~ Aiming for joint contribution to CO2 reduction in Malaysia and Asia by three Japanese companies ~

Japan Petroleum Exploration Co., Ltd. (JAPEX) has signed an MOU with JGC CORPORATION (JGC), and Kawasaki Kisen Kaisha, Ltd. (“K” LINE) on a joint study for Carbon Capture Storage (CCS) in Malaysia (hereinafter the “Joint Study”, (Note1). JAPEX had earlier signed an MOU with Petroliam Nasional Berhad (PETRONAS), a global energy and solutions partner and ranked amongst the largest corporations in Fortune Global 500 in January 2022.

In the Joint Study, investigations of suitable sites for CO2 storage in Malaysia and their technical evaluations are being conducted, aiming to be completed in 20 months. This includes consideration of methods to capture and transport CO2 from the PETRONAS LNG Complex located in Bintulu, Sarawak and from outside Malaysia as a future possibility. To promote the conceptual studies conducted by PETRONAS and JAPEX, the Joint Study welcomes two companies, JGC and “K” LINE which specializes in plant engineering and marine energy transportation as well as offshore operation.

PETRONAS along with JAPEX, JGC, and “K” LINE, will collaborate in evaluating CO2 storage technologies such as calculation of storage capacity and optimal storage methods, optimal capture and transportation options including estimation of emissions and capture volumes, as well as monitoring the method of CO2 storage underground.  The economic evaluation, study of feasible business schemes, and research of applicable regulations will be done in the Joint Study.

JAPEX, JGC, and “K” LINE will contribute in realizing a decarbonized society in Asia targeted by Asia Energy Transition Initiative (AETI)(Note2)

(Note1) Released from JAPEX on January 28th,2022:

JAPEX Agreed with PETRONAS on CCS Joint Study in Malaysia

https://www.japex.co.jp/en/news/detail/20220128_01/

(Note2) The Japanese Government’s initiative announced in May 2021, aims to simultaneously achieve sustainable economic growth and carbon neutrality in Asia.

Filed Under: "K" Line

The World’s First CO2 Capture Plant on Vessel “CC-OCEAN” Project Wins Marine Engineering of the Year 2021

July 25, 2022 by

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has recently received an award “Marine Engineering of the Year 2021” from the Japan Institute of Marine Engineering for the “CC-OCEAN” project, jointly conducted with Mitsubishi Shipbuilding Co., Ltd. (Mitsubishi Shipbuilding) and Nippon Kaiji Kyokai (“ClassNK”) for the verification of CO2 capture plant onboard as part of the “Research and Development for advancing marine resources technologies” (Note 1).

The award ceremony was held on 22nd July at the “KAIUN CLUB” in Chiyoda ward, Tokyo in recognition of the world’s first CO2 capture plant on vessel that successfully separated and captured CO2 from exhaust gas emitted from a ship and achieved the captured CO2 purity of more than 99.9%, which is in line with the planned performance.

Marine Engineering of the Year 2021 Award Ceremony
From left: Mr. Toyohisa Nakano (Executive Officer, “K” LINE)
Dr. Toshiyuki Shigemi (Senior Executive Vice President, Class NK)
Mr. Michitomo Iwashita (Managing Executive Officer, “K” LINE)
Mr. Toru Kitamura (President & CEO, Mitsubishi Shipbuilding Co., Ltd.)
Mr. Manabu Kawakado (Executive Director & CTO, Mitsubishi Shipbuilding Co., Ltd.)
Mr. Tetsuya Kinoshita (President of Japan Institute of Marine Engineering)
This award is presented to outstanding technologies in the fields of marine engines and equipment, and related marine engineering, with the aim of publicizing the advanced and important nature of these technologies both domestically and internationally, and of further developing related academic and industrial technologies.

The “CC-OCEAN” project, which was selected for the award, is based on the CO2 capture plant for on-shore converted for off-shore use, and installed on board a coal carrier “CORONA UTILITY”, operated by “K” LINE for Tohoku Electric Power Co., Inc., and conducted a demonstration test at sea for 6 months.

As a result, both the CO2 capture rate, quantity, and purity were as planned, and demonstrated that CO2 can be captured from the exhaust gas from marine engines, where environmental conditions are different from those on-shore.

挿絵 が含まれている画像 自動的に生成された説明
＊The design of the logo is from initials of Carbon Capture on the Ocean and represents　capturing molecular of carbon dioxide inside.

In order to strengthen the initiatives toward global climate change countermeasures, based on the “K” LINE Environmental Vision 2050 (Note 2), we will put its full effort into decarbonization of the “K” LINE and supporting decarbonization of society with the aim of achieving a sustainable society and enhance corporate value.

(Note 1)

Announced on 31-Aug 2020: “CC-Ocean” (Carbon Capture on the Ocean) project

https://www.kline.co.jp/en/news/csr/csr-5587043701830807195/main/0/link/200831EN%20.pdf

Announced on 5-Aug 2021: Launch of the “CC-OCEAN” project demonstration

https://www.kline.co.jp/en/news/csr/csr7601431474845700352/main/0/link/210805EN.pdf

Announced on 20-Oct 2021: Successfully separated and captured CO2 from exhaust gas in World’s First CO2 Capture Plant on Vessel

https://www.kline.co.jp/en/news/csr/csr818532238088767329/main/0/link/211020EN.pdf

(Note 2)  Released on November 4th, 2021：

“K” LINE has revised our environmental target in our long-term environmental guideline “K” LINE Environmental Vision 2050 -Blue Seas for the Future-, which we had released the revised version in November 2021, in order to strengthen the initiatives toward global climate change countermeasures and has set our new target for 2050 as “The Challenge of Achieving Net -Zero GHG Emissions”.

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

Filed Under: "K" Line
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