Tag: K Line

Cosco, K Line, Yang Ming, Hanjin and Evergreen Line join forces Cosco, "K" Line, Yang Ming, Hanjin and Evergreen have agreed to initiate individual cooperative arrangements on Asia-Europe trades starting from April 2012 as announced last December.This cooperation between the four CKYH Lines and Evergreen Line is designed to offer customers best sailing frequency, transit time and service coverage so as to fulfill customers' needs.These bilateral arrangements will be implemented in 8 weekly services for Asia - North Europe and 4 for Asia - Mediterranean including direct services for Asia - Adriatic regions calling Rijeka, Koper and Trieste.Especially, weekly services for Asia - North Europe, which in fact, offer the highest frequency in the market, will also provide very attractive transit times from Asia to major European ports including Rotterdam, Hamburg and Felixstowe (i.e. 26-27 days from Shanghai/Ningbo and 23-24 days from Yantian).The majority of the fleet operated in these total twelve loops will be ranging from 8,000TEU to 13,000TEU sizeSource: K Line

Japanese shipping groups K Line and MOL have joined the growing list Japanese shipping groups K Line and MOL have joined the growing list of carriers that sailed into the red in 2011. K Line recorded losses of 42.16 billion yuan (US$542.4 million) in the first nine months of its financial year.The line has revised its forecast for the full year (made at the end of October) from a loss of 32 billion yuan to one of 54 billion yuan. In the nine-month period, revenue fell 3.8%, compared with the same period last year, to 732.88 billion yuan , but its operating result (ebit) before exceptional items crashed from a profit of 62.3 billion yuan to a loss of 31.6 billion yuan.K Line blamed the economic slowdown, increased fuel prices, the high value of the yen and an excess of capacity.In its forecast for the remainder of the financial year, to 31 March, K LIne said: "The container business will remain uncertain for the time being because of the sluggish global economy."Over the first three quarters of its financial year, which also started on 1 April 2011, MOL group revenue fell 9% on the same period in 2010, to 1.07 ...

Class NK also issues MLC Certification ClassNK announced yesterday that it had issued generic training course approval to an Electronic Chart Display and Information System (ECDIS) course offered by K Line Maritime Academy (Philippine) (KLMA (Phili)), a group company of Kawasaki Kisen Kaisha, Ltd. The approval, which certifies that this course complies with International Maritime Organization (IMO) standards and the leading classification society's new Standard for Maritime Education & Training, is the first of its kind issued by ClassNK in the Philippines.ClassNK also issued certification for seafarer recruitment and placement service providers in line with the Maritime Labour Convention 2006 (MLC 2006) to another member of the "K" LINE Group, Manila-based manning company Ventis Maritime Corporation (VMC). The approval confirms the company's conformance with the standards set forth in Regulation 1.4 (Recruitment and Placement) of the MLC 2006 which was adopted by the International Labour Organization (ILO) in 2006 to help ensure the safety and protect the rights of seafarers. New requirements for the installation of ECDIS systems are due to be phased in from July of this year. Under these requirements, it will become mandatory for vessels to use ECDIS as their primary means of navigation. In line with ...

MV Dalian Highway The Roll-on/Roll-off (Ro/Ro) Vessel, MV Dalian Highway of "K" Line (Kawasaki Kisen Kaisha, Ltd.), made its maiden call at the Guide Pier of Sri Lanka Ports Authority (SLPA) on 21 December. Established in 1919 and having multiple business lines in Marine, Land and Air transportation areas, 'K' Line provides safe and speedy car transportation services as a pioneer in the business of owning and operating car carriers. 'K' LINE has always endeavoured to innovatively reinforce its car carrier fleet with environmental considerations and to deliver their service in the handling of complete cars free of damage at all times during loading, discharging as well as ocean navigation.'K' Line has also succeeded in adopting an electronic control engine onboard a car carrier for the first time in the world, a state-of-the-art technology which contributes greatly to reduce emissions of NOx, CO2 and Particulates during low load operations.'K' Line has also focused on recent trends in automobile manufacturing industries around the globe. With production sites being shifted from traditional vehicle-producing countries to emerging industrial countries, logistics in the transport of complete cars is being more widely globalised. With a view to positively responding to these ineluctable changes, 'K' Line ...

From South Korea to the Philippines and Indonesia Kawasaki Kisen Kaisha (K Line) has added a new weekly service called Jaseco-K from South Korea to the Philippines and Indonesia.The Japanese line announced on Tuesday the expansion of the direct service coverage to/from Korea for its customers in the region.The first vessel City of Shanghai will depart Xingang port on 7 November.The weekly port rotation is Xingang, Pyeongtaek, Busan, Manila, Singapore, Jakarta, Manila, Busan, Incheon and back to Xingang.Source: Seatrade Asia

New design features relatively small LNG tanks Japanese shipbuilder IHI Corp has been reported as saying that it has developed a low-emission containership using either LNG or standard bunker fuel.According to a Nikkei report IHI has develop proprietary technology to overcome what has widely been seen as drawback to LNG power for merchant vessels. It appears the IHI design features relatively small LNG tanks, thus reducing the encroachment on carrying capacity. IHI says that while burning LNG the vessel produces no sulphur oxides and emits 80% less nitrogen oxides than a comparable vessel using heavy oil.Kawasaki Heavy Industries and K Line are developing vessels that use LNG as fuel, the report notes. IHI's marketing strategy is to overcome worries about high initial cost by focusing on the lower operating costs when using LNG.Source: World Bunkering

Increasing international interest in Vietnam's port sector The Japanese government, investors, contractors, and shipping lines are all looking to get involved in the Vietnamese ports and shipping sector, said the London-based Business Monitor International's (BMI) Vietnam freight transport report for 2011's third quarter, according to Vietnam News Briefs Service.Japanese interest in Vietnam's ports and shipping industry was surging, BMI noted, cited Kobe Steel as saying it will build its own US$244 million to $365 million port in Vietnam to secure iron nugget supplies.Mitsui OSK Lines (MOL) will deploy Europe-bound container vessels for the first time that will have a handling capacity of 6,500 TEUs. MOL will operate 10 such vessels through Vietnam on a weekly basis.Besides, Nippon Yusen Kabushiki Kaisha (NYK) was to launch freight services between Southeast Asian countries in association with state-run Vietnam National Shipping Lines (Vinalines).Kawasaki Kisen Kaisha ("K'' Line) along with a Vietnamese logistics firm will establish a joint venture in Hanoi to operate an international freight forwarding business by sea and air. The venture was also considering establishing a branch in Ho Chi Minh City.Meanwhile, Japan International Cooperation Agency was funding the bulk of the US$1.7 billion to Lach Huyen's new port project in the ...