K Line Bulk

Japanese shipowner and operator K Line Bulk’s (Kawasaki Kisen Kaisha) operating profit increases on container shipping results. Yukikazu Myochin-led shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) reports substantial improvement from joint box line ONE as bulk and tanker earnings also increase in Q1 2022. Tokyo Stock Exchange-listed shipowner and operator K Line Bulk’s (Kawasaki Kisen Kaisha) Q1 2022 operating profits soared by 686% for K Line as its joint container line unit with other Japanese carriers recorded a substantial business performance gain. In Q1 2022, Tokyo-based shipowner and operator K Line (Kawasaki Kisen Kaisha) reported an operating income of $141 million. In Q1 2021, Tokyo-based shipowner and operator K Line (Kawasaki Kisen Kaisha) reported an operating income of $18 million. In Q1 2022, Tokyo-based shipowner and operator K Line (Kawasaki Kisen Kaisha) reported group operating revenues of $1.7 billion. In Q1 2021, Tokyo-based shipowner and operator K Line (Kawasaki Kisen Kaisha) reported group operating revenues of $1.3 billion. Japanese shipowner and operator K Line (Kawasaki Kisen Kaisha) made overall year-on-year gains in revenue and profit from the company’s bulk carrier and tanker operations. 12-August-2022

 

Japanese shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) acquired sister company Kawasaki Kinkai Kisen. Shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) planned to delist the company’s short-sea spin-off Kawasaki Kinkai Kisen from Tokyo Stock Exchange and turn Kawasaki Kinkai Kisen into a wholly-owned subsidiary. Currently, Yukikazu Myochin-led shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) owns around 47.8% of the total shares of Kawasaki Kinkai Kisen. K Line Bulk (Kawasaki Kisen Kaisha) intends to create company synergies via cooperation. K Line Bulk (Kawasaki Kisen Kaisha) and Kawasaki Kinkai Kisen have been discussing the acquisition since February 2020. Tokyo-based shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) and Kawasaki Kinkai Kisen reached an agreement. K Line Bulk (Kawasaki Kisen Kaisha) expects to improve sales capacity in the dry bulk trade and cooperate in operating offshore wind farm support vessels. Tokyo-based shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) will obtain the 53% shares of Kawasaki Kinkai Kisen via a share exchange arrangement. Kawasaki Kinkai Kisen shares will be allocated for each K Line share at Tokyo Stock Exchange. Yukikazu Myochin-led shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) will complete the transaction by 1 June 2022. 15-March-2022

 

Japanese ship owner and operator K Line Bulk (Kawasaki Kisen Kaisha) has triumphantly carried out the separation and capture of carbon dioxide (CO2) from the exhaust gas emitted from the 2016 built panamax bulk carrier 88K DWT MV Corona Unity. K Line Bulk (Kawasaki Kisen Kaisha) noted that the captured carbon dioxide (CO2) had a purity higher than 99%. Carbon dioxide (CO2) capture plant fitted on MV Corona Unity is a device for onshore factories that was modified for marine application. Carbon dioxide (CO2) capture plant is being carried collectively by K Line Bulk (Kawasaki Kisen Kaisha), Mitsubishi Shipbuilding, and ClassNK. K Line Bulk (Kawasaki Kisen Kaisha) believed that the company will not only verify the effectiveness of capturing and storing carbon dioxide (CO2) from a bulk carrier’s gas emissions, but also the operability and safety. In August 2021, Mitsubishi Shipbuilding engineers installed a small-scale carbon dioxide (CO2) capture plant on MV Corona Unity. Japanese ship owner and operator K Line Bulk (Kawasaki Kisen Kaisha) controlled MV Corona Unity’s seafarers has been managing the operation and maintenance of a small-scale carbon dioxide (CO2) capture plant. Furthermore, MV Corona Unity’s seafarers will proceed to assess the safety and operability of the small-scale carbon dioxide (CO2) capture plant at sea. K Line Bulk (Kawasaki Kisen Kaisha) plans to reduce greenhouse gas emissions on the fleet. 21-October-2021

 

Japanese ship owner and operator K Line Bulk (Kawasaki Kisen Kaisha) has installed a carbon capture plant in 2016 built kamsarmax bulk carrier 89K DWT MV Corona Utility as part of the CC-Ocean demonstration project at Mitsubishi Shipbuilding. K Line Bulk (Kawasaki Kisen Kaisha) owned 89K DWT MV Corona Utility is operated for Tohoku Electric Power. MV Corona Utility’s crew members will proceed to assess the operation, safety, and operability of the carbon capture plant. Tokyo Stock Exchange-listed K Line (Kawasaki Kisen Kaisha) endeavors to decrease carbon emissions by more than 50% compared with 2008 levels. K Line Bulk (Kawasaki Kisen Kaisha) had published the carbon capture plan in August 2020. Carbon capture plant was planned to capture a part of a MV Corona Utility’s gas emissions. Alfa Laval and Wartsila have been working on carbon capture systems for a long time. 4-August-2021

 

Japanese ship owner and operator K Line Bulk (Kawasaki Kisen Kaisha) is planning slow steaming, ship sales, ship lay-ups, and redeliveries due to revenue fall in post-coronavirus recession. Tokyo Stock Exchange-listed K Line (Kawasaki Kisen Kaisha) described how to rebuilding the fleet to deal with the impact of the pandemic. K Line Bulk (Kawasaki Kisen Kaisha) is planning to reduce ship capacity and lower operating costs. Additionally, K Line Bulk (Kawasaki Kisen Kaisha) is going to lower costs by reducing ships’ speed, minimizing the liner sailings, and laying up ships. Furthermore, K Line Bulk (Kawasaki Kisen Kaisha) is going to return chartered ships and demolish vintage ships. Up to now, K Line Bulk (Kawasaki Kisen Kaisha) sold three (3) capesize bulk carrier to Singapore-based Berge Bulk. K Line Bulk (Kawasaki Kisen Kaisha) foresees income to fall worse than the 2008 global financial crisis. Previously, K Line Bulk (Kawasaki Kisen Kaisha) diverged from the product tankers business and sold one offshore support vessel. Currently, K Line Bulk (Kawasaki Kisen Kaisha) holds three (3) chemical tankers and two (2) bunker ships. In the dry bulk sector, K Line Bulk (Kawasaki Kisen Kaisha) is going to sell small handy bulk carriers and inefficient container ships. Furthermore, K Line Bulk (Kawasaki Kisen Kaisha) is planning to sell real estate and other assets to increase equity. According to K Line Bulk (Kawasaki Kisen Kaisha), car carriers and bulk carrier businesses will be considerably affected due to the post-coronavirus recession. K Line Bulk (Kawasaki Kisen Kaisha) forecasts weak demand for the bulk carrier segment due to production cutbacks from major steelmakers. Until 2025, K Line Bulk (Kawasaki Kisen Kaisha) aims to slash its long-term fixed core fleet by more than 50 ships. Currently, K Line Bulk (Kawasaki Kisen Kaisha) operates 200 owned and 260 chartered-in ships. 21-October-2020

 

Tokyo Stock Exchange-listed K Line (Kawasaki Kisen Kaisha) has been trying to decrease its diversified fleet. Japanese giant shipowner strives to lower its costs due to economic uncertainty caused by the coronavirus pandemic. Tokyo based diversified shipowner K Line (Kawasaki Kisen Kaisha) prepares a fresh medium-term plan in 2020 for coronavirus recession. K Line (Kawasaki Kisen Kaisha) concentrates on decreasing its operational expenses and obtaining additional liquidity. K Line (Kawasaki Kisen Kaisha) will proceed to curtail its fleet in 2020 by suspending and laying up ships due to coronavirus recession. Currently, K Line Bulk chartered-in 125 bulk carriers. Therefore, the coronavirus recession is going to severely impact K Line Bulk division. Furthermore, K Line (Kawasaki Kisen Kaisha) reported almost $1 billion of net loss in 2018 due to charter cancellations. However, radical structural reforms that were taken in 2018 for containership and bulk carriers have improved the company’s balance sheet. Since 2019, K Line (Kawasaki Kisen Kaisha) redelivered 52 containership and bulk carriers back to shipowners. Currently, the Japanese shipping giant K Line (Kawasaki Kisen Kaisha) operates 267 chartered-in ships and 201 owned ships. 11-May-2020

 

Tokyo Stock Exchange-listed shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) commenced installing alcohol detectors connected to smartphones on the company’s ships. Tokyo-based shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) has been fighting against alcohol on board. Yukikazu Myochin-led shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) cooperated with Pai-R Co. A snapshot of the crew member is automatically taken and sent to the cloud onshore, via satellite, along with the alcohol test result. Japanese shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) has been trying to conduct safe navigation through strict alcohol management on board. Tokyo-based shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) aims to introduce the alcohol detectors to all controlled vessels during Q2 2020. 29-November-2019

 

Tokyo-based shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) ordered newcastlemax bulk carrier newbuilding 210K DWT at Japan Marine United (JMU). Japanese shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) ordered newcastlemax bulk carrier newbuilding 210K DWT on the back of a long-term charter from JFE Steel. Tokyo Stock Exchange-listed shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) will get the delivery of newcastlemax bulk carrier newbuilding in Q1 2021. Japanese shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) chartered out the newcastlemax bulk carrier for the carriage of iron ore and coal for JFE Steel. Compatriot shipowner NYK Bulk had ordered an identical newcastlemax bulk carrier newbuilding at Japan Marine United (JMU). NYK Bulk and K Line Bulk (Kawasaki Kisen Kaisha) will take the delivery of newcastlemax bulk carrier newbuilding in Q1 2021. 6-November-2019

 

Tokyo Stock Exchange-listed shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) has ordered a new Woodchip Carrier for a biomass transportation charter. Tokyo-based shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) will take the delivery of Woodchip Carrier in Q1 2022. Yukikazu Myochin-led shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) will charter out the new Woodchip Carrier to Nippon Paper Industries on a long-term consecutive voyage agreement. K Line Bulk’s (Kawasaki Kisen Kaisha) new Woodchip Carrier will carry around 3.67 million-cbf paper and biomass woodchips per voyage. Japanese shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) has ordered the new Woodchip Carrier with a funnel scrubber. K Line Bulk (Kawasaki Kisen Kaisha) did not reveal the price tag of new Woodchip Carrier. 28-October-2019

 

Tokyo Stock Exchange-listed shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) opted to install exhaust scrubbers on 10% of its fleet to fulfill the regulatory requirement of IMO (International Maritime Organization) 2020. Japanese shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) is one of the world’s biggest shipping companies. Currently, K Line Bulk (Kawasaki Kisen Kaisha) operates more than 200 bulk carriers. Tokyo-based shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) plans to install exhaust scrubbers only on capesize and post-panamax bulk carriers. K Line Bulk (Kawasaki Kisen Kaisha) is part of K Line (Kawasaki Kisen Kaisha) which operates a mixed fleet of 520 ships. The preponderance of K Line’s (Kawasaki Kisen Kaisha) fleet is anticipated to utilize 0.5% sulphur-compliant bunkers. K Line (Kawasaki Kisen Kaisha) plans to install exhaust scrubbers on some tankers. K Line (Kawasaki Kisen Kaisha) has been thoughtfully investigating LNG bunkering and examining hydrogen. However, these alternative bunkers will more likely be options for the IMO’s (International Maritime Organization’s) next phase of emission targets. IMO (International Maritime Organization) plots to decrease carbon emission by 40% in international shipping before 2030 and total greenhouse gas emissions by half before 2050. Furthermore, K Line (Kawasaki Kisen Kaisha) plans to install automated kites on ships to decrease carbon emissions by 20%, with the first kite installation due to take place in November 2021. Japanese shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) states that designing and embracing new technologies to fulfill tighter environmental requirements can be pricey. According to Tokyo-based shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha), these expenses should be absorbed by all maritime industries. K Line Bulk (Kawasaki Kisen Kaisha seeks to recover the exhaust scrubbers’ expenses in meeting the IMO (International Maritime Organization) 2020 rules from charterers. 13-June-2019

 

Japanese shipowner and operator K Line’s (Kawasaki Kisen Kaisha) car carriers struggle to rebound from the challenging shipping market. Currently, the car carrier market encounters uncertain periods. Tokyo Stock Exchange-listed shipowner and operator K Line (Kawasaki Kisen Kaisha) profited from long-term agreements, occasionally of up to 10 years with giant car companies. However, the US-China trade war, slowing economic growth, and longer-term structural shifts in the automotive industry have left the shipowners like K Line (Kawasaki Kisen Kaisha) with many challenges. Currently, around 15 million cars are carried by sea. The car carrier sector is struggling to rebound from a poor market. Car manufacturers have resumed investing in emerging markets, where demand is growing. K Line’s (Kawasaki Kisen Kaisha) car carriers team has been struggling because trading patterns have been shifting rapidly and the car carrier market is more competitive. Currently, more than 400 terminals worldwide are called by car carriers. Slowing passenger car volume expansion has seen shipowners like K Line (Kawasaki Kisen Kaisha) forced to order car carriers with stronger ramps and more hoistable decks, as well as funding in land-based automotive logistics. PCC (Pure Car Carrier) operators like Wallenius Wilhelmsen and Hoegh Autoliners have concentrated on terminals and inland services.
Ro-Ro companies such as Stena moved into the car carrier sector, which constructed competition for PCC (Pure Car Carrier) players such as United European Car Carriers and K Line European Sea Highway Services. 20-May-2019

 

Tokyo Stock Exchange-listed shipowner and operator K Line (Kawasaki Kisen Kaisha) reported a net loss of $99 million for Q1 2019. Tokyo-based shipowner and operator K Line’s (Kawasaki Kisen Kaisha) new containership venture with compatriots NYK and MOL hit the bottom line. K Line (Kawasaki Kisen Kaisha) reported revenue of $7 billion for Q1 2019. K Line (Kawasaki Kisen Kaisha) reported a profit of $37 million for Q1 2019. Tokyo-based shipowner and operator K Line (Kawasaki Kisen Kaisha) operated to lower operating costs and improve ship efficiency. According to K Line (Kawasaki Kisen Kaisha), all the problems were due to newly established containership venture ONE. K Line (Kawasaki Kisen Kaisha) is optimistic about the near future. K Line (Kawasaki Kisen Kaisha) was founded in 1966 and operates mainly in the Japanese shore and southeast Asia dry businesses. Furthermore, K Line (Kawasaki Kisen Kaisha) operates bulk carriers between 10K DWT and 28K DWT carrying core dry bulk commodities including coal, steel, lumber, and iron ore. Tokyo Stock Exchange-listed shipowner and operator K Line (Kawasaki Kisen Kaisha) operates Liner and Ro-Ro ships services in Japan. 26-April-2019

 

Tokyo Stock Exchange-listed shipowner and operator K Line (Kawasaki Kisen Kaisha) has embarked on a review of the shipowner’s operations on the company’s 100th anniversary. Tokyo-based shipowner and operator K Line (Kawasaki Kisen Kaisha) will concentrate on bulk, tankers, and gas, car carrier sectors. Previously, Japanese shipowner and operator K Line (Kawasaki Kisen Kaisha) spin-off of container operations into the ONE joint venture with compatriots MOL and NYK. K Line’s (Kawasaki Kisen Kaisha) mixed fleets and enterprise risks will be evaluated systematically by market performance. K Line (Kawasaki Kisen Kaisha) appointed Yukikazu Myochin as the new CEO. Yukikazu Myochin took over the top position on 1 April 2019, as Eizo Murakami became chairman.
Japanese shipowner and operator K Line (Kawasaki Kisen Kaisha) expressed sincere gratitude to all the stakeholders including clients, partners, and shareholders who have given their endless support to the company for 100 years. Furthermore, K Line (Kawasaki Kisen Kaisha) announced strategies to cut the company’s chartered fleet to increase earnings. 5-April-2019

 

Japanese ship owner and operator K Line Bulk (Kawasaki Kisen Kaisha) planned to cancel uneconomical charters for container ships and medium bulk carriers worth $448 million (JPY 50 billion). Japanese ship owner and operator K Line (Kawasaki Kisen Kaisha) forecasts to report loss around $900 million at the end of 2019. K Line (Kawasaki Kisen Kaisha) is a diversified shipping giant that owns and operates different vessel types in Japan. Under new structural business reforms, K Line Bulk (Kawasaki Kisen Kaisha) wants to reduce market exposure and will examine 25 of its fleet-types in a year. K Line Bulk (Kawasaki Kisen Kaisha) reported a loss of JPY 31 billion in 2019 due to containership joint venture ONE. K Line Bulk (Kawasaki Kisen Kaisha) want to increase period charters for capesize dry bulk carriers and optimize the spot market fleet for panamax and handymax dry bulk carriers. K Line (Kawasaki Kisen Kaisha) car carriers business will see networks streamlined. Meanwhile, tankers and gas carriers will see spot market exposure reorganized. K Line (Kawasaki Kisen Kaisha) estimates that the cost of the new business plan and reforms is estimated at JPY 65 billion including container ships chartered by ONE and charter cancellations. K Line (Kawasaki Kisen Kaisha) container ship venture ONE confronted with problems immediately after the commencement of the services. Japanese giant ship owner and operator K Line (Kawasaki Kisen Kaisha) also want to raise JPY 36 billion through selling property and other assets. 9-March-2019

 

Japanese shipowning giant K Line (Kawasaki Kisen Kaisha) appointed new CEO Yukikazu Myochin. New CEO Yukikazu Myochin will replace current CEO Eizo Murakami on April, 2019. CEO Eizo Murakami will become chairman and replacing Jiro Asakura. Japanese shipowner K Line (Kawasaki Kisen Kaisha) will be celebrating the 100th anniversary in April 2019 and strengthens its management. 57 years old Yukikazu Myochin will be the next Chief Executive Officer of Japanese shipowning giant K Line (Kawasaki Kisen Kaisha). New CEO Yukikazu Myochin joined K Line (Kawasaki Kisen Kaisha) in 1984. Diversified giant shipowner K Line (Kawasaki Kisen Kaisha) reported a $217 million loss in the first 6 months of 2018 due to weak market conditions. 25-December-2018

 

The shipping market is expecting a change in Chinese coal import regulations under which the current 18-year age cutoff for import of ships will be reduced to 15 years. This expected coal import regulation change has triggered an increased the veteran post-panamax dry bulk carrier prices. Japanese shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) sold 2000 built post panamax dry bulk carrier 88K DWT MV Corona Frontier to Chinese shipowners for Chinese flag and coastal coal business for $13.65 million. 2000 built post panamax dry bulk carrier 88K DWT MV Corona Frontier has a scrap value of $5.33 million. Chinese authorities will introduce a regulatory change this spring for the age of coal importing dry bulk carriers. Coal importers buy veteran dry bulk carriers then trade their acquisitions for many years with suitable maintenance. Otherwise they can scrap acquired dry bulk carriers with limited financial loss. 6-February-2018

 

German shipowner Martin Harren led Harren & Partner acquired Japanese shipowner K Line’s SAL Heavy Lift fleet of 15 ships. Harren & Partner also owns Combi Lift. After K Line’s SAL Heavy Lift acquisition, Heavy Lift shipowner Harren & Partner will have 26 ships in the fleet. Harren & Partner will be the new dominant shipowner in the super heavy-lift market. MPV and project market has for a long time been in distress. In 2016, BBC Chartering/Briese Schiffahrst offered to acquire SAL Heavy Lift after Japanese shipowner K Line put the outfit up for sale but never materialized. 26-July-2017

 

Japanese shipowner and operator K Line Bulk (Kawasaki Kisen Kaisha) won a panamax contract of affreightment for 10 years to carry coal to Malaysia. Japanese K Line Bulk (Kawasaki Kisen Kaisha) established a joint venture with Halim Mazmin Group (HMG) to own a Malaysian flagged dry bulk carrier to carry coal of TNB Fuel Services which is the largest power utility in. K Line Bulk (Kawasaki Kisen Kaisha) signed a contract of affreightment (CoA) in order to carry 1.5 million metric tons of coal per year from Indonesia, South Africa to Malaysia till 2026. 6-June-2016