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K Line

#2070

Rank

$8.67B

Marketcap

JP Japan

Country

K Line
Leadership team

Mr. Yukikazu Myochin (CEO, Pres & Representative Director)

Mr. Yukio Toriyama (Sr. Managing Exec. Officer, CFO & Representative Director)

Yuji Asano (Managing Exec. Officer and In charge of Fin., Accounting & Taxation)

Products/ Services
Construction, Home Improvement, Smart Home
Headquarters
Les Herbiers, Pays de la Loire, France
Established
1997
Traded as
9107.T
Social Media
Overview
Location
Summary
Kawasaki Kisen Kaisha, Ltd. provides marine, land, and air transportation services in Japan, the United States, Europe, Asia, and internationally. The company operates through Dry Bulk, Energy Resource Transport, Product Logistics, and Other segments. It offers containership services; dry bulk carrier services comprising transport of raw materials, such as coal, iron ore, wheat, soybeans, corn, etc., as well as woodchips, and pulp; car carrier services; liquefied natural gas (LNG) carrier services; marine transport of crude oil, oil derivatives, and liquefied petroleum gas (LPG) products through tankers; offshore support vessel services; offshore drilling services; and floating production storage and offloading services. In addition, the company offers logistics services, including air and sea freight forwarding, land transportation, warehousing, and buyer's consolidation services; and operates container terminals, as well as ship management services, travel agency services, and real estate rental and administration services. As of March 31, 2022, it had a fleet of 434 vessels with 36,959,893 deadweight tonnage. Kawasaki Kisen Kaisha, Ltd. was founded in 1919 and is headquartered in Tokyo, Japan.
History

1919-1944

K Line traces its origin to Kawasaki Heavy Industries, Ltd, which itself was born in 1878, when founder and entrepreneur Kawasaki Sh?z? established Kawasaki Tsukiji Shipyard in Tokyo, Japan, which, eighteen years later, in 1896, was incorporated as Kawasaki Dockyard Co., Ltd.

The shipping activities were developed when Kawasaki Dockyard Co., Ltd. 's President Kojiro Matsukata, decided to develop shipping services so as to provide business to Kawasaki Dockyard and to serve Japan's national industrial and trade interests.To do so, he placed Kawasaki Kisen, Kawasaki Zosen and Kokusai Kisen under joint management to build a stronger fleet of 40 to 50 ships serving the Atlantic, North and South America, Africa and the Mediterranean and Baltic Seas.

In 1921, the joint name 'K Line' was adopted, based on the initial of the three companies.

K Line founder, Kojiro Matsukata, was also known as an art collector. The National Museum of Western Art in Tokyo's Ueno Park was established around the core of Matsukata's private collection. In addition, the Tokyo National Museum houses his extensive collection of Ukiyo-eprints.In 1926, according to Lloyds, the newly established "K" Line reached the rank of 13th in the world, behind compatriots NYK but ahead of O.S.K. .

By the end of World War II, Kawasaki Kisen had lost 56 vessels; 12 survived.

Prior to World War II, the holding company Kawasaki Heavy Industries was part of the Kobe Kawasaki zaibatsu, which included Kawasaki Steel and Kawasaki Kisen. After the war, KHI became part of the DKB Group .

1945-1961

During that vital recovery period, "K" Line steadily returned to the building and operation of ships, reestablished bases of operation around the world, increased earnings and took other steps to restore corporate strength and vibrancy of the company.

1962-1967

After the merger with Iino Kisen, "K" Line was newly capitalized at ¥9 billion and controlled a fleet of 104 ships, 55 of which were also owned by "K" Line. The merger gave "K" Line a solid foundation to advance dynamically into the future both as one of the world's largest shipping lines in terms of fleet size and as a well-balanced, integrated organization.

1971

K Line opens International Transportation Service, a container terminal company in the Port of Long Beach.

The Car Carrier transport division was inaugurated with the launch of the new Roll-on/roll-off vessel Toyota Maru No. 10.

K-Line would thereafter enlarge the fleet up to 70 Car carriers vessels. All owned RORO vessels started to include in the first part of their names the word “Highway” , to symbolize a link in between Japan and the rest of the world served by sea.

2003

KESS - K Line Europe Short Sea is inaugurated in July 2003 in Germany, as a dedicated feeder operator in Europe specialized in brand new cars shipping in between

European, Scandinavian, Baltic and Mediterranean ports.

The company tonnage is composed of 11 Roll-on/roll-off ships.

2007

K Line Offshore AS was founded in Arendal, Norway in October 2007 as a subsidiary of K Line to provide offshore support services to oil and gas fields. They have commissioned new ships suitable for oil and gas fields in ultra-deep water, harsh environments and/or remote areas. They operate the following ships:

KL Arendalfjord - Delivered 24 October 2008

KL Brevikfjord - Delivered 24 September 2010

KL Sandefjord - Delivered 7 January 2011

KL Brisfjord - Delivered 13 January 2011

KL Brofjord - Delivered 5 April 2011

KL Saltfjord - Delivered 14 April 2011

KL Barentsfjord - Delivered 28 June 2011On September 30, 2007, Shuichiro Maeda, K-Line president, said the company will build 10 cargo ships to be manned by an all-Filipino officers and crew. The vessels are expected to be finished by 2010. It will employ 7,000 Filipinos in the next 4 years . K-Line will build the K-Line Maritime Academy-Philippines operational in February 2008 and is intended to train at least 10,000 seafarers a year.

2017

In 2017, K Line, Nippon Yusen and Mitsui O.S.K. Lines announced that they would merge and jointly operate their global container shipping services as Ocean Network Express , in order to better compete against other global container shipping groups. ONE would merge all container shipping services of the three companies, as well as their port terminal operating subsidiaries in various countries, except in Japan, while keeping their other shipping services separate. ONE began operations on April 1, 2018. with the company headquarters in Tokyo, Japan, an business operation headquarters in Singapore and regional headquarters in: London, United Kingdom; Richmond, Virginia; and São Paulo, Brazil.

2018

On 23 July, KESS car carrier Makassar Highway ran hard aground at full speed in the Tjust archipelago near Loftahammar, Sweden, causing an oil spill. By his own account, the captain had ordered a course close to land, far from established shipping lanes, in order to gain mobile phone reception. The ship's satellite communication system and black box were inoperable when departing Cuxhaven for Södertälje, and alarm systems had been disabled. The Swedish Coast Guard recovered approximately 7,000 litres of oil by 30 July, but thousands of litres of oil nevertheless washed up on the coast. An estimated 14,000 litres of oil were spilled. The ship was towed to Oskarshamn, where its cargo of 1,325 vehicles were offloaded. The chief mate was taken into custody and accepted a fine for intoxication and recklessness in maritime traffic. His blood alcohol content by mass at the time of the accident was estimated at 1.15 permille, based on samples taken after the accident. The oil spill is also being investigated as an environmental crime.

2019

On 15 June 2019, car carrier Diamond Highway caught fire while sailing in between the ports of Singapore and Batangas.Philippines Coast guard was alerted, and a mission to rescue the 25 members of the Crew was undertaken by another car carrier sailing in proximity.

The ship had to be abandoned, and later towed to dry dock.

The reason why the fire broke out is unknown, but possibly related to the cargo on board.

Mission
K Line’s mission is to create a future of transportation by connecting people and the global economy through safe and reliable logistics.
Vision
K Line’s vision is to be the leading global shipping and logistics provider, building sustainable value for our customers, employees and shareholders.
Key Team

Mr. Daisuke Arai (Managing Exec. Officer & Chief Information Officer)

Kiyoshi Tokonami (Gen. Mang. of IR & PR Group)

Mr. Makoto Arai (Managing Exec. Officer & Chief Compliance Officer)

Mr. Shingo Kogure (Managing Exec. Officer & Head of Gen. Affairs, HR and CSR)

Mr. Kazuhiko Harigai (Sr. Managing Exec. Officer & Representative Director)

Mr. Atsuo Asano (VP Exec. Officer & Representative Director)

Mr. Yasunari Sonobe (Sr. Managing Exec. Officer & Director)

Recognition and Awards
K Line has been recognized for its commitment to service and quality, winning numerous awards from various shipping associations. The company has also been recognized for its environmental and safety initiatives by organizations such as the World Maritime University and The Nippon Foundation.
References

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K Line
Leadership team

Mr. Yukikazu Myochin (CEO, Pres & Representative Director)

Mr. Yukio Toriyama (Sr. Managing Exec. Officer, CFO & Representative Director)

Yuji Asano (Managing Exec. Officer and In charge of Fin., Accounting & Taxation)

Products/ Services
Construction, Home Improvement, Smart Home
Headquarters
Les Herbiers, Pays de la Loire, France
Established
1997
Traded as
9107.T
Social Media