Financial Highlights for 3rd Quarter FY2018 :
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“K” Line announce changes of Representative Directors and Executive Officers
February 4, 2019 by
Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided in a board meeting held on 31st January 2019 on changes of Representative Directors and Executive Officers.
To read the full press release please see the attached PDF document or visit their website: https://www.kline.co.jp/en/
SAL Heavy Lift delivers bridge sections from China to Norway
January 28, 2019 by
Hamburg, 28 Janu
ary 2019 – SAL Heavy Lift delivers 12 bridge sections for the Beitstadsundbrua bridge from China to Norway.The final bridge is part of the largest road construction project in northern Trøndelag, will measure 580 m in length and will connect the municipalities of Steinkjer and Malm, crossing the Beitstadfjorden. The bridge will make travelling between northern parts of Trøndelag county considerably safer, as well as reduce travelling time significantly.
In a mountainous country like Norway, which is cut apart by deep fjords, bridge building is a virtue of necessity. Today there are over 18.000 bridges, summing up to 446 km and each with an average length of 250 m, spread across Norway. The latest addition will be the 580 m long “Beitstadsundbrua”.
Connecting the municipalities of Steinkjer and Malm, whilst crossing the Beitstadfjorden, the Beitstadsundbrua will not only be longer than the average bridge in Norway, but also ensure increased road safety and accessibility. All whilst helping locals to cut down travel times and benefiting the local economy and environment.
“The new County Road (FV 17 and 720) including Beitstadsundet Bridge, will eliminate the distance challenges the region has. The new road and bridge significant increases the municipality of Verran’s opportunities to further develop existing industries and attract new industry. The municipality is now, due to the new road and bridge, in dialogue with industrial companies exploiting establishment of industry in Verran”, states Jacob Almlid, Special Advisor Industry & Commerce at Verran Kommune.
SAL’s heavy lift vessel MV Trina (Type 176) was appointed to support the construction of the new bridge by shipping twelve bridge sections from Nantong, China to Malm, Norway. All twelve sections weigh a total of 2.800 t, with the heaviest unit weighing 426 t (73.8 x 9 x 5.8 m) and the longest unit measuring 75 x 5.9 x 5.8 m (327 t).
With a total of four single lifts and eight tandem lifts, the SAL experts were able to stow all twelve bridge sections in two layers under deck, and another layer on deck of the vessel.
“It only took us 35 days to directly sail to Malm from Nantong in China,” Sune Thorleifsson, Head of Projects at SAL explains, “despite the unique conditions in the port of Malm, with an only 20 m wide jetty and 2 m tidal range, it took just 6 days until we were able to successfully and smoothly deliver 20.668 cbm of cargo to our client.” Due to local port regulations all twelve bridge sections were directly discharged onto SPMT’s, 25 m away from alongside the vessel. A tailor-made mooring arrangement contributed to the success of the discharging operations.
“During the period of discharge of the bridge segments to the Beitstadsundet Bridge, onto SPMT`s for transport to Fosdalen-Industrier AS`s assembly site, we experienced a good and professional collaboration with SAL,” says Terje Skjevik, Owner & CEO of Fosdalen-Industrier AS, “we are very satisfied with the overall performance, on HSE, on technical and on schedule. All parties knew the challenging environment for the discharge, in spite of these challenges the operation and collaboration was excellent.”
Thanks to the detailed preparation work, which was done in close cooperation between SAL and their general agent in Norway Messers. Alex Birger Grieg AS, the last bridge section was successfully discharged early January 2019. Installation works are planned to start around Easter. The entire road building project, which involves building new and improved roads between the towns of Sprova, Malm and Dyrstad will be finished and open to public by the end of 2019.
ENDS
About SAL Heavy Lift
SAL Heavy Lift, a member of the Harren & Partner Group, is one of the world’s leading carriers specialized in sea transport of heavy lift and project cargo. The company was founded in 1980 as “Schiffahrtskontor Altes Land GmbH & Co. KG” and belongs to Harren & Partner Group since 2017. The modern fleet of 19 heavy lift vessels offers highly flexible options to customers. The vessels of SAL Heavy Lift boast an impressive travel speed of 20 knots, up to 3500 square metres of unobstructed main deck space and combined crane capacities ranging from 550 to 2000 tons: amongst the world’s highest lifting capacity in the heavy lift sector. As a leading global company in the heavy lift and project cargo segment, the company meets the highest standards with regard to quality, technical innovation and health, safety and environment. www.sal-heavylift.com
“K”LINE Awarded CDP’s “A List 2018” on Climate Change ― Earning Highest Rating “A” for Three Consecutive Years
January 24, 2019 by
“K” LINE is proud to announce that the company was recognized as “A List,” the top rating, on climate change from CDP, which is an international non-profit organization (NPO) engaging in activities for realizing sustainable economy, in “CDP 2018 Debriefing Session” held on January 22 in Tokyo. The“A List” is awarded to companies that are evaluated as global leaders in their response to climate change.
From among the companies that disclosed their climate change information in response to a questionnaire sent from CDP on behalf of 650 institutional investors with total assets of over 87 trillion US dollars, 126 companies whose measures against climate change such as emissions reduction activities in the reported year were regarded as outstanding were recognized in the A List last year. Japanese companies number 20 among these and only 7 companies were selected for three consecutive years.
In our medium-term management plan, we have set ESG (Environment, Society and Governance) initiatives as a key management issue. As for the field of the environment, we are advancing measures in accordance with “K” LINE Environmental Vision 2050 – Securing Blue Seas for Tomorrow -*. In particular, initiation of a framework “DRIVE GREEN NETWORK” for continually promoting environmental preservation activities while ensuring environmental compliance throughout the entire “K” Line Group bore fruit to gain the 3rd straight year to receive the A List rating.
As an environmental front runner, we will continue to aim for the realization of business – marine transportation being more environmentally low-loaded and highly efficient from which more people throughout the world can benefit.
First Discharge of LPG from Ichthys LNG Project in Japan Carried by “K” LINE’s VLGC “GRACE RIVER”
January 24, 2019 by
January 23, 2019
Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereinafter referred to as “K” LINE) is proud to announce that “K” LINE’s VLGC “GRACE RIVER” carried and successfully discharged Ichthys LNG Project’s first LPG cargo carried to Japan, which was imported by Astomos Energy Corporation at KYUSHU L.P.G. Fukushima Terminal today.
Ichthys LNG Project is the first large-scale LNG project by global standards operated by INPEX CORPORATION. The Project is characterized as “All Japan” for its features such as 70% of approx. 8.9 million tons per year of LNG produced by the Project will be supplied to Japanese customers, along with the fact that Japanese companies are major participants in crucial parts of the Project’s value chain, including exploration and production, building of liquefaction plants and receiving terminals, laying pipelines, and maritime transportation. In addition to LNG, the Project will produce LPG (approx. 1.65 million tons per year) as well as approx. 100,000 barrels of condensate per day at peak.
We are proud further to mention that “K” LINE Group will be more involved in the shipment of LNG, LPG and condensate exported by the Project. The Project’s first LNG cargo was carried by our LNG carrier “PACIFIC BREEZE” in October 2018, and it is planned that Aframax tankers operated by our subsidiary in Singapore will carry condensate products.
Recalling the importance of our crucial role in the energy value chain, “K” Line Group is committed to continue providing the most reliable and stable service possible to our valued customers with assurance of the highest standard of safety.
American P&I Club reports positive progress on many fronts in 2019 New Year Report
January 24, 2019 by
Key indicators advance steadily: premium and tonnage increase while claims remain subdued
New York, January 24, 2019: The American P & I Club has recently issued a circular containing a progress report highlighting some of the latest Club metrics in regard to tonnage, premium, claims, investment income and free reserves as the 2019 renewal draws near.
Most of the Club’s key operational indicators show positive progress. Premium and tonnage have maintained their upward trajectory, claims have remained subdued – both in relation to attritional exposures and larger losses – and, despite heavy turbulence in the financial markets toward the end of 2018, the Club’s funds under investment have held up well.
Tonnage and premium development
- The Club’s profile in this respect has remained broadly stable over the past twelve months
- Class I (P & I) tonnage has grown by about 3%, Class II (FD & D) by 1%
- Premium has increased by about 2% in regard to P & I entries, and by 1% for FD & D business
- Grounds for optimism that these trends will continue into 2019 as the prospects for the maritime sector improve.
Development of retained claims
- Frequency and severity of losses have shown a downward trend in recent years
- Incurred claims at December 20, 2018 were 17% lower than those for 2017 at the same point of emergence
- Figures augur well for 2018 policy year’s ultimate claims outturn going forward.
Development of Pool claims
- 2014 through 2016 policy years continue to develop favorably
- 2017 and 2018 are emerging at higher levels of aggregate loss
- More a reversion to historical mean than indication of above-trend inflationary pressure.
Development of premium per gross ton (GT) and retained claims per GT
- Important driver of premium pricing has been a steady decline in the average cost of claims
- But average premium per ton has moved slightly upward since the beginning of 2018
- Encouraging sign which reflects the Club’s policy of prudent risk pricing.
Investment performance
- Return of 8.1% for 2017 was the best the Club had achieved in nearly a decade
- Earnings for 2018 were challenged by the considerable turbulence experienced in the investment markets
- Fund performance was flat at year-end, demonstrating resilience of the Club’s asset class selection
Development of statutory surplus/free reserves per GT
- Remains consistent over recent years
- Supported by a benign claims environment, prudent levels of risk pricing and respectable investment returns.
Eagle Ocean Marine (EOM)
- American Club’s fixed premium facility, Eagle Ocean Marine, continues to complement Club activity
- EOM compound premium growth over last three years nearly 20% per annum
- Aggregate combined ratio less than 70% since 2011 inception to year-end 2018.
American Hellenic Hull Insurance Co. Ltd. (AHHIC)
- AHHIC shows steady growth over first thirty months of operation
- At year-end 2018, about 2,300 vessels within AHHIC portfolio, with broad range of domiciles and vessel types
- Aggregate gross loss ratio for 2018 very favorable, aided by rising premium rates and growing profitability
- American Club continues to benefit from substantial cross-selling opportunities.
Joe Hughes, Chairman & CEO, Shipowners Claims Bureau, Inc., Managers for the American Club said that the New Year’s report was intended to provide Members, their brokers and the Club’s many other friends and associates with a useful picture of the Club’s affairs – and those of its related businesses – at this important juncture in its continuing development.
He added: “As the American Club moves further into its second century of service to the global maritime community, it looks forward with its characteristic energy and enthusiasm to growing success in its expanding fields of enterprise over the years ahead.”
ENDS
Notes to Editors
More information on the above press release, with tables and charts illustrating the performance of key indicators, can be found in the American Club’s Circular 02/19 at this link: https://www.american-club.com/files/files/cir_02_19.pdf
The American Club
American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the American Club) was established in New York in 1917. It is the only mutual Protection and Indemnity Club domiciled in the entire Americas and its headquarters are in New York, USA.
The American Club has been successful in recent years in building on its US heritage to create a truly international insurer with a global reach second-to-none in the industry. Day to day management of the American Club is provided by Shipowners Claims Bureau, Inc. also headquartered in New York.
The Club is able to provide local service for its members across all time zones, communicating in eleven languages, and has subsidiary offices located in London, Piraeus, Hong Kong, Shanghai and Houston, plus a worldwide network of correspondents.
The Club is a member of the International Group of P&I Clubs, a collective of thirteen mutuals which together provide Protection and Indemnity insurance for some 90% of all world shipping.
For more information, please visit the Club’s website http://www.american-club.com/
P&I Insurance
Protection and Indemnity insurance (commonly referred to as “P&I”) provides cover to shipowners and charterers against third-party liabilities encountered in their commercial operations; typical exposures include damage to cargo, pollution, death/injury or illness of passengers or crew or damage to docks and other installations.
Running in parallel with a ship’s hull and machinery cover, traditional P&I cover distinguishes itself from usual forms of marine insurance by being based on the not-for-profit principle of mutuality where Members of the Club are both the insurers and the assureds.
Evergreen Opens Four New Offices in Latin America
January 14, 2019 by
January 14, 2019 – In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities, optimize the efficiency of its network routing and enhance its competitiveness in the area.
Evergreen Line has just opened its own agency in Colombia following the establishments of other offices in Peru, Chile and Mexico over the past few months. In setting up these offices Evergreen confirms its continued commitment to serving the trade and economy of Latin American west coast region. The dedicated personnel at these locations will have responsibility for local marketing and sales, customer service, shipping documentation, ground transport and port operations.
In order to expand the container transport options for its customers in Far East – Latin American west coast trade, Evergreen has teamed up with partners to add two more trans-pacific services; these are in addition to the two currently operated by Evergreen. As a result the range of direct ports of call on offer via, the now four weekly services, has been expanded to Pusan (South Korea), Qingdao and Xiamen (China) and, in Latin America, Ensenada (Mexico) and Lirquen (Chile).
Although Latin America has an abundance of natural resources, a variety of common consumer goods are imported. The pattern of economic trade with East Asia is consequently complementary. The latter has a fully developed manufacturing industry base and, at the same time a requirement for the mineral resources, as well as the fruits, seafood and other agricultural products in which Latin America is so rich. The opposing seasonality of southern and northern hemispheres enhances this symbiosis and extends further the choices for Asian consumers.
Among the Latin American countries, Chile, with the longest coastline of any country in the world stretching to more than 4,300 kilometres, has an extraordinary range of climate patterns which endows it with a vast array of natural produce from both the land and the ocean. In response to customer demand for exporting such commodities, Evergreen has adjusted its service routings, greatly cutting down the transit time for Chilean exports to East Asia and therefore assisting local fresh produce exporters to take advantage of business opportunities.
Evergreen Line is committed to providing efficient shipping transportation throughout its global service network. In addition to an on-going fleet renewal program, the line has also expanded its regional operations in recent years. As of today, Evergreen Line has established its own agency offices in more than 30 countries around the world in the belief that this commitment will provide superior transport services for its customers.
Dachser wins German federal competition for sustainable urban logistics
December 11, 2018 by
Caption: left to right: Stefan Hohm, Corporate Director, Corporate Solutions Research & Development, Dachser, Dr. Petra Seebauer, Publisher of the industry journal ‘Logistik Heute’ and CEO of EUREXPO, Hella Abidi and Andre Kranke, Consultants Research & Development Dachser, Svenja Schulze, German Federal Minister for the Environment, Nature Preservation and Nuclear Safety Picture Source: BMU, Heiko Adrian
DACHSER Emission-Free Delivery makes deliveries of groupage shipments in central Stuttgart sustainable
Berlin/Kempten, December 6, 2018. Dachser’s innovation project for zero-emissions groupage deliveries in central Stuttgart has won a federal award for sustainable urban logistics in Germany. Svenja Schulze, German federal environment minister, presented the award to Stefan Hohm, Corporate Director Corporate Solutions, Research & Development, in Berlin.
“Sustainable solutions are also desperately needed for heavy palleted goods shipments to city centers,” said Dr. Petra Seebauer, the publisher of industry journal “Logistik Heute” and CEO of EUREXPO. “By offering an integrated solution for Stuttgart that combines elements such as city hubs, electrically supported cargo bikes, electric trucks, and IT-controlled goods grouping and route planning, Dachser has taken the initiative and is setting an important example for this market segment to follow.” The jury also praised the fact that the solution is designed to be transferable and reflects both social and commercial considerations.
DACHSER Emission-Free Delivery
Dachser’s award-winning pilot project covers an area of some four square kilometers in central Stuttgart within which all groupage shipments to B2B and B2C customers are delivered with zero emissions. A FUSO eCanter all-electric light truck either delivers goods directly to customers or brings them to the microhub operated by partner VeloCARRIER. There, pallets are unloaded and shipments transferred to electrically supported cargo bikes for the delivery runs. Dachser will integrate an all-electric 18-ton Daimler eActros into these operations as soon as the vehicle is available. The charge point for the electric truck is located at Dachser’s Kornwestheim branch to the north of Stuttgart, which—like all the logistics provider’s branches in Germany—purchases 100 percent hydroelectric power. The electric trucks are driven by trainee truckers; this lets them get fully acquainted with electromobility from the outset.
DACHSER Emission-Free Delivery is built on a modular toolbox for city-center deliveries and can equally be implemented in other cities. Taking transportation as a whole—collection and line-haul are still performed with conventional diesel trucks—this new service reduces CO2 emissions per shipment by 24 percent, particulates emissions by 32 percent, and nitrogen oxide emissions by 26 percent.
“DACHSER Emission-Free Delivery in Stuttgart marks a promising start for us in city logistics. But there is still a long road ahead of us—for a start, we have to resolve issues surrounding the availability of trucks with alternative powertrains,” explains Stefan Hohm. “To get new, more sustainable city logistics off the ground, all the parties involved will have to work more closely together. We’re not looking to take a one-size-fits-all approach. Rather, we want to combine a range of solutions, each of them focused on optimizing deliveries, routes, and times.”
About Dachser:
Thanks to some 29,100 employees at 396 locations all over the globe, Dachser generated revenue of EUR 6.12 billion in 2017. That same year, the logistics provider handled a total of 81.7 million shipments weighing 39.8 million metric tons. Country organizations represent Dachser in 44 countries. For more information about Dachser, please visit www.dachser.com
PHOTO NOTE:
A high resolution digital images is attached to accompany this press release.
Caption: left to right: Stefan Hohm, Corporate Director, Corporate Solutions Research & Development, Dachser, Dr. Petra Seebauer, Publisher of the industry journal ‘Logistik Heute’ and CEO of EUREXPO, Hella Abidi and Andre Kranke, Consultants Research & Development Dachser, Svenja Schulze, German Federal Minister for the Environment, Nature Preservation and Nuclear Safety
Picture Source: BMU, Heiko Adrian
Best Journalistic Newcomer Award Supported by TT Club
December 10, 2018 by
Peregrine Storrs-Fox, TT Club presenting the Seahorse Newcomer of the Year Award to Joseph Stewart, The Naval Architect
London, 10th December, 2018
Leading international transport and logistics insurer, TT Club has been an enthusiastic supporter of the Seahorse Club Journalist Awards for some years. The Awards are specifically for media professionals active in the maritime, air cargo and logistics arena. At the 2018 Awards presentation last week, TT Club again sponsored the category that encourages and celebrates new talent in the press ranks of freight transport. The Newcomer of the Year was announced as Joseph Stewart of The Naval Architect.
TT Club’s Risk Management Director, Peregrine Storrs-Fox presenting the award explained the Club’s thinking behind its support for the Award, “Effective communication through the media is an important priority in all walks of life. In this supply chain sector, TT Club wants to recognise and nurture those who have recently chosen to work in related media.”
The award entries were judged by a panel of international media and marketing communications professionals after editors of media outlets in the sector were asked to nominate journalists with no more than two years’ experience who show out-standing potential, demonstrating a clear understanding of the salient issues facing the modern freight transport industry. Furthermore, the editors were urged to identify candidates producing consistently high quality content, providing an informative read and a balanced view on the subject at hand.
This year the calibre of nominees’ writing was extremely high. The judges commented, “The scoring was very close, with the other short-listed entrants being Kate Jones of Carmar Media and Michael Juliano, who writes for Tradewinds quarterly, TW+. However, Joseph really shone as a clear winner. His article encompassed a very rounded discussion of a complex topic, presented with great understanding and a mature writing style.”
Joseph only joined The Naval Architect as Editorial Assistant last December, previously working on books about Lego for Dorling Kindersley, but has quickly developed a firm understanding of the complex issues that dominate discussion in the maritime industry.
As Storrs-Fox concluded, “We are keen to encourage young, enthusiastic and well trained journalists to thrive in the sector. I’m delighted to say that the standard of entrants for the Newcomer category was outstanding and their level of professionalism and balanced reportage was very impressive.”
ENDS
Notes to editors:
TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. As a mutual insurer, TT 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.
Customers include some of the world’s largest shipping lines, busiest ports, biggest freight forwarders and cargo handling terminals, to companies operating on a smaller scale but whose operations face similar risks. TT Club specialises in the insurance of Intermodal Operators, NVOCs, Freight Forwarders, Logistics Operators, Marine Terminals, Stevedores, Port Authorities and Ship Operators. TT Club is managed by Thomas Miller.
About 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 including legal services, claims and captive management
- Managing General Agency
GEODIS appoints a Global Head of E-Commerce
November 26, 2018 by
Ashwani Nath, Vice-President & Global Head of e-channel solutions
GEODIS announces the creation of a global position for e-commerce with the appointment of Ashwani Nath as Vice-President & Global Head of e-channel solutions. Reporting to Philippe de Carné, Group CCO, Ashwani Nath will be responsible for building and promoting end-to-end e-commerce omni-channel solutions, gathering all existing physical & digital expertise in the company.
By creating this position, the Group intends to strengthen its position in the booming e-commerce logistics sector in Europe and around the world by developing e-fulfillment infrastructure in warehouses, order management systems for cross border last mile & customer service for end to end visibility. This new role also goes along with the recent evolution of the GEODIS’ organization which aims at facilitating an easy access to the GEODIS services for its customers.
“I am confident in Ashwani’s ability to create value for both our customers and our Group by designing innovative global e-commerce solutions. Ash’s deep experience and knowledge of the logistics market make him the real expert to optimize our customers’ supply chains with end-to-end solutions dedicated to the omni-channel e- commerce sector.” declares Philippe de Carné.
Ashwani Nath, was previously Global Market Line Director – Retail for GEODIS. Starting his career after graduating in economics & management, he records more than thirty-three years of experience in the logistics sector. He has held various regional & global leadership roles within global logistics companies, based in India, Sri Lanka, Italy, The Netherlands and France.
GEODIS – www.geodis.com
GEODIS is a top-rated, global supply chain operator recognized for its passion and commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a direct presence in 67 countries, and a global network spanning 120 countries, translates in top business rankings, #1 in France, #4 in Europe and #7 worldwide.
In 2017, GEODIS accounted for over 40,500 employees globally and generated €8.1 billion in sale