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“K” Line Financial Highlights for 3rd quarter FY2021

February 3, 2022 by

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

Please see the attached PDF documents to see the full reports:

・Financial Highlights for 3rd Quarter FY2021

https://www.kline.co.jp/en/news/ir/ir-1284978996270673514/main/0/link/2021_3_report_e.pdf

・Notice on Revision to Financial Results for the full Fiscal Year ending March 2022

https://www.kline.co.jp/en/news/ir/auto_20220202578608/pdfFile.pdf

If you cannot open the URL please access the press release via the website:

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

Filed Under: "K" Line

GEODIS to open a new warehouse facility at Brisbane Airport (BNE)

February 3, 2022 by

From its new facility, GEODIS, a global leading transport and logistics services provider, will provide airfreight, ocean freight, contract logistics and customs brokerage solutions for its customers in a wide range of market sectors, including automotive and FMCG.

Strategically located at Brisbane Airport, the new site will have easy access to key locations, being only 14km from the central business district, and 22km from the Port of Brisbane. It will serve the growing logistical needs of GEODIS’ customers.

The planned 4,500m2  warehouse facility, which is due to be operational by second half of 2022, will feature 4,000 pallet locations, 1,500m2 of bulk space, and a cool room for perishable goods supply to marine and hospitality logistics customers, especially cruise lines.

GEODIS’s new WH in Brisbane
Photo credit: Brisbane Airport Corporation

Stuart Asplet, GEODIS’ Sub-Regional Managing Director, Pacific Regional Director Sea Freight, Asia Pacific said: “At this new facility, GEODIS will showcase its expertise in import and export services including customs brokerage to ensure complete supply chain transparency. GEODIS in Brisbane already has a strong package of solutions for our customers. This new, strategically positioned facility will not only enable us to meet the fast-changing needs of our customers today but will give us ample room to grow our offerings in the market.”

BNE Property is delivering the purpose-built warehouse at Brisbane Airport’s Export Park, a precinct home to large-scale warehousing, freight handling, and distribution centres, as well as catering, wholesaling, and storage facilities. 

Martin Ryan, Brisbane Airport Corporation Executive General Manager Commercial, said: “It’s fantastic to have another great tenant join BNE’s growing business community. Brisbane Airport’s size, accessibility, and amenity continue to attract great commercial and industrial businesses, and we are extremely pleased that GEODIS has selected BNE as the perfect place to continue to grow its business.”

GEODIS in Australia features 30,888 m2 of warehousing space across seven locations and offers customers end-to-end solutions spanning a large range of services, including freight forwarding, supply chain optimization, and contract logistics.

GEODIS – www.geodis.com   

GEODIS is a top-rated, global supply chain operator 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. In 2020, GEODIS employed over 41,000 people globally and generated €8.4 billion in revenue.

Filed Under: GEODIS

“K” LINE has Joined an International Think Tank “Global CCS Institute”

February 2, 2022 by

～Promoting the development of CCS-related businesses to realize a carbon-neutral society～

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has joined an International Think Tank “Global CCS Institute” (GCCSI). GCCSI is advancing worldwide deployment of CCS (Carbon dioxide Capture and Storage) technology which is necessary for the realization of a carbon neutral society.

CCS is a series of technologies for capturing carbon dioxide (CO2) emitted from power plants, refineries, and factories instead of releasing it into the atmosphere. The captured CO2 is then injected deep into the ground at a carefully selected and safe site, where it is stored. The CCS is a climate change technology that can achieve significant CO2 emission reductions thereby reducing greenhouse gas emissions which is key to the realization of a carbon neutral society in 2050.

“K” LINE is actively promoting CCS-related businesses. In the demonstration test of an onboard CO2 capture system, “K” LINE successfully separated and captured CO2 from the exhaust gas emitted from the vessel for the first time in the world. The result of the demonstration was achieved with the planned performance. (Note 1) In addition, “K” LINE is participating the demonstration project on CO2 ship transportation by New Energy and Industrial Technology Development Organization（NEDO） and conducting research and development that will contribute to the long-distance and large-scale transportation of CO2 in the future. The liquefied CO2 carrier for the demonstration test is being built as the world’s first demonstration vessel for the CCUS project, and “K” LINE is participating in the development of CO2 shipping technology by utilizing our technology and knowledge of safe operation and safe cargo handling of liquefied gas carriers which we have cultivated over many years. (Note2)

GCCSI was established by the Australian government in 2009 to promote the use of CCS technology worldwide, and currently has members from all over the world, including government, industries, and research organizations. GCCSI conducts surveys on the latest trends in CCS business and technology and holds subcommittee meetings to discuss the launch of international CCS projects in the future.

“K” LINE will keep abreast of the international CCS development and will accelerate its consideration of participation in CCS related business by joining GCCSI. We will continue to contribute to the realization of a carbon neutral society based on the “K” LINE Environmental Vision 2050 (Note 3).

Global CCS Institute Outline

The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality and it promotes research, knowledge sharing and awareness raising on CCS related trends. The diverse international membership includes governments, global corporations, private companies, research bodies and non-governmental organizations.

https://www.globalccsinstitute.com/

Filed Under: "K" Line

NEDO Demonstration Project: The World’s First Demonstration Test Ship for Liquefied CO2 Transportation to be Built

February 2, 2022 by

～Demonstration test ship for Liquefied CO2 transportation to CCUS Bareboat charter contract and tank system purchase contract is signed～

Engineering Advancement Association of Japan (ENAA) and Sanyu Kisen Co., Ltd (Sanyu Kisen) have signed the bareboat charter contract of a demonstration test ship for Liquefied CO2 (LCO2) transportation and tank system purchase contract.

ENAA has been leading the development of a demonstration test ship and been developing LCO2 tank system specifications. Sanyu Kisen has ordered manufacture the tank system based on the R&D by ENAA and construction of a demonstration test ship equipped with its tank system to Mitsubishi Shipbuilding Co, Ltd., a member of the Mitsubishi Heavy Industries Group (MHI). The vessel will be built at the Enoura Plant at MHI’s Shimonoseki Shipyard & Machinery Works.

Upon building completion and the delivery, ENAA will charter the demonstration test ship from Sanyu Kisen to carry out research and development and demonstration tests for establishing LCO2 ship transportation technology.

The vessel is the demonstration test ship to transport LCO2 for Carbon Capture, Utilization and Storage (CCUS) project expected to be the first of its kind in the world.

ENAA will operate the vessel from the second half of FY2023 for “CCUS R&D and Demonstration Related Project / Large-scale CCUS Demonstration in Tomakomai / Demonstration Project on CO2 Transportation / R&D and Demonstration Project for CO2 Marine Transportation” (the demonstration projects), which have been conducted by New Energy and Industrial Technology Development Organization (NEDO) since June 2021.

ENAA, Kawasaki Kisen Kaisha, Ltd. (“K” LINE), Nippon Gas Line Co., Ltd. (NGL), and Ochanomizu University will accelerate R&D of the LCO2 transportation technology and contribute to cost reduction of CCUS technology and LCO2 safety, long-distance and large-scale transportation. In the demonstration project, we plan to use the vessel to collect operational data under various loading conditions and in various weather and sea conditions.

ENAA takes charge of planning, evaluation, analysis and coordination of R&D and demonstration project of LCO2 ship transport technology and tank systems.

“K” LINE promotes R&D on the safety and environmental evaluation of the demonstration LCO2 carrier, backed by extensive experience in operating and managing of its ocean-going liquefied gas vessels.

NGL takes charge of operating and managing the demonstration test shipbased on 60-year experience of pressurized liquefied gas carriers.

Ochanomizu University conducts fundamental research on the control of carbon dioxide state (phase change) and provide the information necessary for safe transportation studies.

ENAA, “K” LINE, NGL, and Ochanomizu University will contribute to realizing the carbon neutral society through this demonstration project.

Image of the demonstration test ship for LCO2 transportation

Mitsubishi Shipbuilding Co, Ltd all rights reserved

General Particular

Cargo tank capacity    ：1,450㎥

Length overall             ：72.0m

Breadth                       ：12.5m

Draft                            ：4.55m

Demonstration structure and roles of each company
Filed Under: "K" Line

Tank container risk analysis reflects supply chain pressures

February 1, 2022 by

TT Club’s analysis of 2020 claims points to an increase in impact related incidents, with corrosion of tank containers’ inner surface and contamination caused by cargoes previously carried as significant other causes of loss.

The analysis makes clear that the effects of increased volumes of tank containers used to trade chemicals and other liquids on the primary east-west trades have altered, to a degree, the risk profile of damage to such units. While in previous years there has been a consistent dominance of contamination as the major source of losses for tank container operators, the current figures show impact incidents as the foremost causation.

The primary causal types reported in the TT analysis account for over 80% of the incidents notified. They are: impact at 36%; internal pitting (from corrosion) accounting for 27% and contamination with an 18% share. The regional breakdown of total claims follows broadly the pattern of the trades on which tank containers are employed: 50% in Asia-Pacific; Europe at 36% and 13% occurring in the Americas.

International freight transport insurance specialist TT Club insures over 50% of the global tank container fleet. The data generated in its latest analysis of notified claims covers the 2020 policy year and is seen as a reliable representation of the risks faced by those businesses worldwide that operate tank containers.

TT’s Managing Director Loss Prevention, Mike Yarwood comments on the findings of the analysis, “The most significant trend we see is the relative increase in claims originating from impact incidents and from pitting of the tank’s internal steel surface. Historically we have experienced higher levels of contamination-related claims,” he says. “The increased occurrence of impacts involving tanks would seem to be a factor of higher container volumes handled at maritime and intermodal terminals. The pie chart breaking down our data below shows some 63% of impact incidents occurring at these locations. Volume increases at terminals, and associated congestion puts additional pressure on operators of handling equipment to achieve greater throughput levels. This effect, exacerbated by many tanks being ‘super-heavy’, has elevated risk.”

Road traffic accidents are the second highest cause of impact damage to tank containers with a higher proportion occurring in the Americas (almost 50%) despite this region accounting for only 21% of total impact-related damage incidents. Of those claims involving pitting damage, an overwhelming proportion occurred in Asia (87%), and the majority involved hazardous material (59%). Yarwood comments, “While there is a plethora of potential causes for this damage, there is currently no identifiable trend causing the increase in claim frequency. It would however be prudent for operators to be mindful of this exposure; ensuring where possible tanks are prioritised for cleaning once in an ‘empty dirty’ state and considering more regular inspections.”

Impact damage by cause

The lower incidence of contamination evident in the current analysis compared with previous years can also be explained by the increased volumes of trade, capacity restrictions and the beginning of serious congestion experienced in recent years. Yarwood once more explains. “An assumption that one could reasonably reach, given the supply chain constraints, is that consignees are arguably more willing to accept cargoes, even where they suspect a negligible contamination issue, on the basis that replacing the product from its supplier could be complex and time consuming.”

TT Club’s Loss Prevention service is extensive and regular alerts and StopLoss documents are issued to assist operators to reduce their risk and avoid time-consuming claims. For more information, please visit TT’s Loss Prevention webpage or for specific tank container information, read TT’s Tank Container StopLoss and latest alert relating to the classification of divinylbenzene.

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 93% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more. 

www.ttclub.com

Filed Under: TT Club

GEODIS adds multiple flights to its AirDirect network in Asia-Pacific

January 26, 2022 by
  • New weekly services from Kuala Lumpur (KUL) to Shanghai (PVG) and Sydney (SYD)
  • Second weekly rotation: KUL – Hong Kong (HKG) – Chennai (MAA) – KUL added
  • All schedules serviced by long-term chartered aircraft
  • Total of 320 tons in increased capacity
  • Kuala Lumpur established as multi-modal hub integrating with GEODIS Road Network, linking Vietnam, Thailand, Malaysia and Singapore

In response to surging demand for air cargo capacity in the region, GEODIS, a global leading transport and logistics services provider, has significantly expanded its AirDirect own operated network with three more intra-Asia Pacific (APAC) flight routes.  With a newly established hub in Kuala Lumpur, the logistics operator will dovetail the air services with its Road Network linking destinations throughout Southeast Asia.  The multi-modal expansion builds on its strong momentum in creating diverse transportation options for customizing supply chain solutions for its customers.

The expanded flight network, which bridges Hong Kong, Chennai, Sydney, and Shanghai to Kuala Lumpur, can carry an additional 320 tons of cargo weekly. This will significantly ease the strain on the supply chains, which saw load factors and yields reach historic highs in 2021 when cargo capacity struggled to meet the surge in e-commerce transactions. With demand for airfreight forecast to increase, particularly amidst ongoing delays and flight cancellations across Southeast Asia following the impact of the Omicron variant, GEODIS believes its extended AirDirect schedules will become a pivotal component in ensuring seamless, reliable, and efficient air transport services in the region.

The new flights will enable consolidated shipments across Asia including goods from key manufacturing sites in China, Malaysia, and Vietnam to transit via the Kuala Lumpur hub allowing all three of GEODIS’ key services – AIRFLEX, AIRFAST, AIRSAVE – to be offered to customers, presenting options that balance transit time against cost, according to customers’ individual needs. 

“By enabling seamless connections with our expanded road network, connecting Singapore, Malaysia, Thailand, and Vietnam, the multimodal hub at Kuala Lumpuroffers highly integrated transport solutions that not only circumvent disruptions affecting both air and sea cargo flows, but also ensure that customers’ shipments can reach anywhere in mainland Southeast Asia,” says Onno Boots, President and Chief Executive Officer, Asia Pacific, GEODIS.

”Given the increasingly complex supply chain landscape that has affected the logistical priorities and needs of industries across the board, it is more crucial now than ever to supplement integrated transport networks on strategic routes.  GEODIS’ new intra-APAC flight routes represent our sustained commitment to provide highly reliable and innovative solutions to help customers optimize their response to the e-commerce boom and chart their long-term business growth.” 

GEODIS – www.geodis.com 

GEODIS is a top-rated, global supply chain operator 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. In 2020, GEODIS employed over 41,000 people globally and generated €8.4 billion in revenue.

Filed Under: GEODIS

Joint project on “Mass-production and Cost Reduction of Floating Offshore Wind Installation” adopted as Green Innovation Fund

January 24, 2022 by

“K” Line Wind Service, Ltd., a joint venture company between Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Kawasaki Kinkai Kisen Kaisha, Ltd.(*1), together with Japan Marine United Corporation, Nihon Shipyard Co., Ltd. and Toa Corporation is pleased to announce that the project of “Mass-Production and Cost Reduction of Floating Offshore Wind Installation” was officially adopted as Green Innovation Fund for “Cost Reduction for Offshore Wind Power Generation Projects”

In order to achieve the Japanese government target of carbon neutral by 2050, development of renewable energy is essential. The offshore wind power generation will play an important role in this target with its potential as major energy source and economic growth brought by the supply-chain development in Japan. With limited shallow water for Offshore Wind installation around Japan, there is a high expectation of floating offshore wind which can be developed despite of the depth of ocean. To develop the floating offshore wind, the technology for mass-production and cost reduction needs to be achieved.

Having above understanding, the consortium targets to develop mass-production method and cost reduction of floating foundation, mooring/anchoring system, installation at sea in every aspect of EPCI (Engineering, Procurement, Construction and Installation).

The role of each consortium member shall be as per the chart.

CompanyMajor Role
Japan Marine United CorporationDevelopment/Manufacturing of floating foundation and EPCI of floating offshore wind projects Optimization of Floating Foundation Mass-production of Floating Foundation Optimization of Hybrid Mooring system Development of cost competitive procedure in floating offshore wind installation (Turbine assembly and floating foundation installation)
Nihon Shipyard Co., Ltd.Engineering of floating foundation and development of offshore support vessels for offshore wind projects Optimization of Floating Foundation Engineering for mass-production of Floating Foundation Engineering for Hybrid Mooring System Engineering for cost competitive procedure in floating offshore wind installation (Turbine assembly and floating foundation installation)
“K” Line Wind Service, Ltd.Development of floating foundation installation Cost competitive installation procedure
Toa CorporationDevelopment of turbine assembly Cost competitive assembly procedure

“K” Line Wind Service, Ltd. is determined to contribute to floating offshore wind development by developing optimal and cost competitive procedure in installation of floating foundation (*2) with the experience and know-how “K” Line group gained through the Offshore Support Vessel operations.

(*1) “K” Line Wind Service, Ltd

A joint venture company established by Kawasaki Kisen Kaisha, Ltd. and Kawasaki Kinkai Kisen Kaisha, Ltd. on June 1st, 2021 targeting the contribution to Offshore Wind in Japan throughout the marine solution that the group have developed in the history of 100-year.

Filed Under: "K" Line

ICHCA Announces Record Number of Entries for the TT Club Innovation in Safety Award

January 20, 2022 by

Over 30 organisations from around the world have submitted entries for the 2021 TT Club Innovation in Safety Award.  Covering products and procedures that achieve a demonstrable improvement in cargo handling and transport safety, the submissions range in focus from bulk cargo handling to containerised cargoes; safety reporting and education to environmental monitoring and fire- fighting.   

London, 20 January 2022

Designed to both encourage safety innovation at a time of increased operational demands on the global cargo handling infrastructure, and to celebrate the practical success of such initiatives, this will be the fourth time that the Award has been presented. TT Club, as a prominent freight transport insurer, and the association representing cargo handlers, ICHCA International, have long worked together to identify and promote operational safety in the industry.  They consistently produce safety advice and support innovation to improve safety in cargo operations and logistics.

“With over 50% more submissions than in any previous year, I am thrilled to see a record year for entries to the TT Club Innovation in Safety Award,” said ICHCA CEO, Richard Steele.  “The judges had an abundance of creative, innovative and thought-provoking content to consider.  This level of response emphasises that there are lots of smart, dedicated people who are working throughout the cargo handling world to improve safety and we are proud to be part of that endeavour.”

As the leading specialist insurer of cargo handling risk worldwide, TT is a mutual organisation dedicated to reducing risk and advising on loss prevention through improved safety regimes.  TT Risk Management Director, Peregrine Storrs-Fox comments “We consider our founding of, and continuing support for the Innovation in Safety award as entirely appropriate to the Club’s core mission.  TT remains dedicated to safety through the industry and is proud to have celebrated past winners such as Hapag Lloyd’s Cargo Patrol, as well as terminal automation experts, Kunz and Yardeye for their work with CSX Intermodal Terminals, in addition to all the other worthy entrants, for their innovations, each of which can be seen to improve safety standards significantly in the global transport and logistics industry.”

The Award, open to any individual, team or company that is part of the cargo supply chain, is presented to the entry that has been judged as the best product, idea, solution, process, scheme or other innovation delivering improvement in operational safety.  The Award event, a virtual ceremony to be held on 22nd February, 2022, https://attendee.gotowebinar.com/register/5371375306422039564 will profile a limited number of shortlisted entries, culminating in the Award being made.

Speaking on behalf of the judging panel, Bill Brassington, Chair of the ICHCA Technical Panel, “It was exciting to read all of the excellent submissions covering such a wide variety of safety related innovations.  The quality and quantity of submissions demonstrates the importance of the TT Club Innovation in Safety Award, and it was hard to differentiate their value to the cargo handling world,” he commented.  “Out of this strong field, there were only a few marks between many of the entries. While the Award will inevitably recognise one entry, we will, as previously, publish a digest of all entries to give profile to all of the really valuable innovative work that is being done.  In that context, we would congratulate all for their work and dedication to improving safety in cargo handling.”

About ICHCA International

Established in 1952, ICHCA International is an independent, not-for-profit organisation dedicated to improving the safety, productivity and efficiency of cargo handling and movement worldwide. ICHCA’s privileged NGO status enables it to represent its members, and the cargo handling industry at large, in front of national and international agencies and regulatory bodies, while its Technical Panel provides best practice advice and develops publications on a wide range of practical cargo handling issues.

Operating through a series of national and regional chapters, including ICHCA Australia, ICHCA Japan and plus Correspondence and Working Groups, ICHCA provides a focal point for informing, educating, lobbying and networking to improve knowledge and best practice across the cargo handling chain.

www.ichca.com

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 93% of its Members with a third of its entire membership having chosen to insure with the Club for 20 years or more.  

www.ttclub.com

Filed Under: ICHCA, TT Club

GEODIS announces new leadership in Germany

January 20, 2022 by

Antje Lochmann has been appointed the Managing Director of both GEODIS’ Freight Forwarding and Contract Logistics activities in Germany. With this appointment, two of the supply chain operator’s lines of business in the country will benefit from her leadership.

Antje Lochmann

Antje Lochmann (43) has many years of experience in the logistics industry and within the GEODIS organization. She joined GEODIS in 2011 and has held various positions in sales, marketing, key accounts and strategic sales planning. She is also one of the youngest senior managers to be promoted within GEODIS’ leadership program.

Since Antje Lochmann took over the role as the Managing Director of Germany’s Freight Forwarding activities in 2018, she and her team have led the business to continued growth and profitability. Now, she will also manage the Contract Logistics’ line of business in Germany. She will be responsible for 22 locations and around 1,350 employees. Antje Lochmann is a member of the management board of GEODIS’ North, East and Central Europe region andshe is based in Hamburg.

“Our Freight Forwarding and Contract Logistics business units will be gathered under the same leadership in Germany in order to create new synergies and to successfully develop the company in accordance with our regional growth strategy,” said Thomas Kraus, GEODIS’ President & CEO North, East and Central Europe. “I am very delighted that with Antje Lochmann we have an excellent and experienced leader for one of our key markets in the region.”

GEODIS – www.geodis.com 

GEODIS is a top-rated, global supply chain operator 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. In 2020, GEODIS employed over 41,000 people globally and generated €8.4 billion in revenue.

Filed Under: GEODIS

“K “Line – Posted Message for CDP2021 “A List” Award

January 20, 2022 by

Earning Highest Rating “A” for Six Consecutive Years

On January 19th, CDP2021 “A List” award, hosted by CDP Worldwide-Japan, was held online and Yukikazu Myochin, President & CEO of “K” LINE delivered message as one of “A List” company in the event. The video message is posted on “K” LINE’s YouTube channel.

“K” LINE YouTube channel  https://youtu.be/jn7bIMZ1gJY

“K” LINE corporate website  https://www.kline.co.jp/en/index.html *accessible from banner

“K” LINE was selected as “A List 2021”, the top rating, on climate change from CDP, which is a non-profit global organization (NGO) engaging in activities for realizing sustainable economy, on December 7, 2021. In this year, due to stricter evaluation criteria, the number of recognized “A List” companies have decreased from 280 in the previous year to 200 in this year, of which 55 are Japanese companies.

Filed Under: "K" Line
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