Transport communications

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“K” Line Financial Highlights for FY2014

30 April 2015

Please be advised that “K” Line has released the following press statements today, which are available to download as PDF documents:

Financial Highlights for FY2014

http://www.kline.co.jp/en/ir/library/bs/__icsFiles/afieldfile/2015/04/30/fh2014_con_e.pdf

Payment of Dividends

http://www.kline.co.jp/en/ir/stock/disclose/detail/__icsFiles/afieldfile/2015/04/30/PaymentofDividends.pdf

“K” Line Change of Directors and Audit & Supervisory Board Members

April 30, 2015

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has decided following changes in its board meeting held today, subject to approval at the Ordinary General Meeting of Shareholders on June 24, 2015.

1.     DIRECTORS
Retirement
Present Position Name Scheduled New Position
Director Takashi Torizumi Special Executive Advisor
Candidate of Corporate Auditor of Kawasaki Heavy Industries, Ltd.
2.    AUDIT & SUPERVISTORY BOARD MEMBERS
Retirement
Present Position Name
Audit & Supervisory Board Member Norio Tsutsumi
Audit & Supervisory Board Member Jiro Noguchi
New Appointment
New Position Name Present Position
Audit & Supervisory Board Member Keisuke Yoshida Advisor
Outside Audit & Supervisory Board Member Toshikazu Hayashi -       (*)
 

(*) Former Senior Vice President of Kawasaki Heavy Industries, Ltd.

 

 

DACHSER Celebrates 40 years in the UK

Northampton, 27th April 2015

In 2015, Dachser Ltd is celebrating 40 years of operations in the UK.

From small beginnings in a rented warehouse and with just 5 employees, Dachser has steadily grown. Now, 40 years later, the Head Office of Dachser UK and the Northampton branch office are still located in Northampton in a brand new logistics centre and, together with the branch offices in Dartford and Rochdale, the Company now employs a total of 325 people.

Dachser Brackmills April14 #2

Whilst focussing in the early years on its core activity of freight forwarding, over the last four decades Dachser UK has successfully broadened its range of services to cover contract logistics and value-added services, as well as air and sea freight forwarding.

Dachser UK was the 53rd branch to be opened by Dachser SE, a family-owned, internationally operating company with its headquarters in Kempten in southern Germany. Since its foundation in 1930, Dachser SE has become one of the leading logistics providers in Europe, providing comprehensive transport logistics, warehousing and customer-specific services.

Dachser is planning to continue its UK growth strategy in the future, and will expand its network and facilities to accommodate the increasing demand for its services from UK customers and the Dachser European network alike.

Dachser UK will be present again at Multimodal, the UK and Ireland’s premier freight transport, logistics and supply chain management event, at the NEC in Birmingham between 28 and 30 April 2015. Visit us at Stand 1040.

ENDS

ABOUT DACHSER UK

DACHSER UK is part of the Dachser group, a major international logistics provider which on 31 December 2014 generated total sales worth EUR 5.3 billion. 24,988 staff working in 437 locations worldwide handled 73.7 million consignments comprising 35.4 million tonnes.

For more information, please visit www.dachser.co.uk

‘Beware the Big Ship Hype’ says TT Club

TT Club’s Phillip Emmanuel has put into perspective some of the sensationalism surrounding the recent growth trend in container ships.  Speaking during a plenary session of the TOC Asia Conference in Singapore on Tuesday, he advised ports and terminals to take a measured approach to the risk management of their operations, looking carefully at the ramifications to their own facilities of potential larger ship calls.

Singapore, 23 April, 2015

Phillip Emmanuel

TT Club is well-positioned as a leading insurer of risks for container lines and cargo handling facilities to advise on the type and extent of exposure.  Outlining the Club’s position, Emmanuel explained that the potential for damaging incidents to occur is generally more a factor of an individual operation’s adoption of best-practice, sound maintenance and the application of efficient safety measures than size of ships or volumes of cargo.

In addition, it is clear that the largest of the container ship newbuilds, now capable of carrying nearly 20,000TEUs, can’t and won’t call at the majority of the world’s terminals.  Their introduction onto the Asia-Europe trade will, however, displace smaller units, which in turn will be utilised on trades, and call at ports, where previously they have not been seen.

“As such,” commented Emmanuel, “Terminal operators should take precautions that are relevant to the specifics of their own operation.  Bigger ships and greater container volumes will only augment the exposures that are already inherent in their current operations.” As examples, Emmanuel highlighted the requirement in any location for upgraded – and expensive – technology represented by new cranes and more yard equipment that might be necessary to handle larger ships.

The type of risk and the more common causes of insurance claims, however, remain the same.  Emmanuel used his conference presentation to articulate some of these gleaned from extensive TT Club analysis of its own claims records, stating, “The direct interaction at the berth between ship and terminal facility accounts for 31% of the total cost of claims for ports and terminals over the last five years. Indeed, the most valuable asset of any terminal, the quay crane, unsurprisingly represents the biggest single element (some 25%)”.

These statistics serve as a reminder to ports and terminals to consider, not only berth length and depth, but also issues such as berthing and the capability of tugs, mooring lines and bollards. The analysis for ports and terminals highlights the impact and regularity of ship collisions with the crane booms, crane brake or structural failure, and hoist and spreader malfunctions, in addition to crane collapse due to windstorms. “These risks can all be minimised by efficient maintenance programmes, proper use of safety technology and adequate windstorm protection whatever the size of ship being worked,” concluded Emmanuel.

ENDS

Notes to editors:

TT Club

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.
www.ttclub.com

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
  • Building defects insurance

www.thomasmiller.com

“K” Line to support ocean transportation of fire engines donated to Republic of El Salvador

April 21, 2015

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has today announced that it has provided free ocean transportation of two used fire engines donated by the Japan Firefighters Association to Republic of El Salvador.

The free transportation is at the request of Ms. Martha Lidia Zelayandia, Ambassador of El Salvador to Japan, for supporting ocean transportation of these vehicles to El Salvador, where there has long been a shortage of fire engines.

Since their appointment as Honorary Consul of El Salvador in 1969, “K” Line decided to continue the tradition of free transportation of ambulances and fire engines, such as those donated by Fujisawa City, Kanagawa Prefecture in 2014 -http://www.kline.co.jp/csr/news/detail/1201701_1694.html).

On Thursday April 16, with the cooperation of Daito Corporation, an affiliate company of “K” Line, the vehicles were loaded onto “K” Line’s pure car carrier (PCC) at Yokohama and they will arrive at the port of Acajutla, El Salvador in early May.

“K” Line hopes it may continue to contribute to the reinforcement of firefighting operations in El Salvador.

Dachser grows with global supply chains

Consolidated revenue increases by 5.2% to EUR 5.3 billion

A 4.4% rise in shipments to 73.7 million

Tonnage grows by 5.1% to 35.4 million tons

Kempten, Munich. April 14, 2015. In fiscal year 2014, Dachser generated 5.2% in additional revenue. Including revenue from corporate holdings, the two Business Fields* Road Logistics and Air & Sea Logistics grew by 5.0% and 8.0% respectively. “A lively spring was followed by an extraordinarily strong fall,” says Bernhard Simon, CEO of Dachser, in summarizing the year’s events. “The trend toward outsourcing internationally complex logistics tasks in particular has made a contribution to the organic growth.”

Simon considers integrated supply chain solutions for multinational customers to be one of the major sources of growth in upcoming years: “Our efficient European groupage network, customized contract logistics solutions in Europe, Asia, and the U.S., as well as our own air and sea freight network allow us to create complete supply chains.” According to Simon, growth through expansion of networks is finished except for enhancements here and there. Dachser will now be able to leverage its interlinked logistics services to achieve particularly sustainable growth.

Business development in detail

In the Dachser European Logistics (EL) Business Line within Road Logistics, in addition to the traditionally strong performance of the ‘EL Germany’ Business Unit, the consistent export strategy of the European subsidiaries has paid off. For example, the ‘EL North Central Europe,’ ‘EL France & Maghreb,’ and ‘EL Iberia’ Business Units made significant contributions to the 5.3% growth in revenue. Shipping figures increased by 5.5%; tonnage rose by 6.3%.

The second Business Line of Road Logistics, Dachser Food Logistics (3.7% growth in revenue), profited from such factors as strong use of capacity in consumer goods contract logistics. In addition, rising demand for cross-border food shipments in the European Food Network had a positive effect.

Finally, the Air & Sea Logistics Business Field also continued its global growth trend in 2014. The positive trend in sea freight was the decisive factor in the successful fiscal year.

Revenue at a glance:

Gross revenue
(in EUR millions)
2014
(provisional)
2013
(final with corrections)
Change
Road Logistics 3,858 3,675 + 5.0%
European Logistics 3,171 3,012 + 5.3%
Food Logistics    687    663 + 3.7%
Air & Sea Logistics 1,577 1,460 + 8.0%
Consolidation
(minus revenue from corporate holdings of 50% or less)
-136 -170
One-time effect in 2013
(excise tax settlement for prior years)
—- 71
Consolidated revenue 5,299 5,036 + 5.2%

Focus on agility and process orientation

Dachser started off 2015 by changing its legal form to an SE (Societas Europaea). “By taking this action, we have created maximum legal security for our future growth as an international company and at the same time secured our independence as a 100% family-owned company,” explains Simon. The new management structure, which was created in the process, has eight operational Business Units under the globally active Executive Board. This reinforces our decentralized business strategy, which gives us the ability to make decisions flexibly and quickly. “In this way,” continues Simon, “we can ensure proximity to our customers, and write the next chapter in our success story.”

* About the terms “Business Field,” “Business Line” and “Business Unit”:

Along with the change in legal form to a Societas Europaea (SE), Dachser has reorganized its management structure, changing the designations in the process. The company provides transport logistics, warehousing, and customized services within two fundamental Business Fields: Dachser Air & Sea Logistics and Dachser Road Logistics. Road Logistics is further divided into two Business Lines: Dachser European Logistics (industrial goods) and Dachser Food Logistics. With the Business Lines, Dachser emphasizes the three pillars on which the company’s business model is based.

At the organizational level, Dachser has created eight operational Business Units: In addition to Dachser Food Logistics, there are the regional units European Logistics (EL) Germany, EL North Central Europe, EL France & Maghreb, and EL Iberia, as well as Air & Sea Logistics (ASL) EMEA, ASL Americas, and ASL Asia Pacific.

About Dachser:

With a staff of around 25,000 employees at 437 locations all over the globe, Dachser generated revenue of EUR 5.3 billion in 2014. The logistics provider moved a total of 73.7 million shipments weighing 35.4 million tons. Dachser is represented with own country organizations in 42 countries.

For more information about Dachser, please visit www.dachser.de.

Naming Ceremony for EVER LYRIC

April 14, 2015 – Evergreen Group today held the naming ceremony for EVER LYRIC, the eighth of its L-type vessels built by CSBC Corporation in Taiwan. The ceremony took place at CSBC’s Kaohsiung shipyard and was officiated by Mr. Raymond Lin, Evergreen Group’s Vice Group Chairman. The official rope-cutting of the new 8,508 TEU vessel was performed by Mrs. Jarijanti Buana, the wife of the Chairman of Evergreen Shipping Agency Indonesia.

Owned by Evergreen Marine Corp., EVER LYRIC is 334.8 meters in length, 45.8 meters wide, with a draft of 14.2 meters. The vessel can cruise at a speed up to 24.5 knots. As a refinement to her original eco-friendly design, the vessel is fitted with a brand new energy-saving bow. This improvement enables the ship to further enhance her fuel-efficiency and reduce emissions.  After delivery on the 15th April, the newbuilding will join Evergreen Line’s Far East-Red Sea Service (FRS), replacing an older vessel.

150414 Ever Lyric naming (1)

Mr. Raymond Lin, Evergreen Group’s Vice Group Chairman (right), Mrs. Jarijanti Buana, the wife of the Chairman of Evergreen Shipping Agency Indonesia (middle) and CSBC Chairman Mr. Sun-Quae Lai (left).

Mr. Lin said in his speech, “Evergreen is devoted to sustainable development of the natural environment. We have continued to monitor the operational data of our L-type vessels and have utilized this in joint efforts with CSBC to produce the brand new energy-saving bow design. Comparisons of such operational performance data reveal that this eco-friendly bow design enables a L-type vessel to reduce fuel consumption by between 12 and 21%, within normal sailing speeds. It does not only help to reduce operating costs but also safeguard the environment by cutting greenhouse gas emissions.”

In 2010 Evergreen Group commenced its current fleet renewal program, which in total includes thirty L-type vessels. With the delivery of EVER LYRIC, Evergreen adds the 28th such ship to its operating fleet. The remaining two newbuildings are being built by CSBC and will be delivered by the third quarter of 2015.

 

Evergreen Launches India – Gulf Service

April 07, 2015

Improving its service on the India–Gulf trade, Evergreen Line is to partner with Simatech, a leading feeder operator based in Dubai, in launching a joint Chennai–Colombo–Gulf Service (CCG) service next month.   The CCG service will utilize four container ships of around 2,000 TEU each; one to be operated by Evergreen Line and the remaining three by Simatech.  The first sailing of the weekly service will be from Colombo on May 09 and call at Vizag (India), Krishnapatnam (India), Chennai (India), Colombo, Cochin (India), Jebel Ali (UAE), Sohar (Oman), Cochin and Colombo once more.

In addition to providing efficient transportation services linking the major ports of Southern India and Sri Lanka with the Gulf, this important intra-regional service will also connect to Evergreen’s global service network via its transhipment hub in Colombo.

Forecasts indicate signifcant economic growth in the region. According to the IMF’s World Economic Outlook report published in January, the Indian economy looks set to grow by 6.3% and 6.5% respectively in 2015 and 2016; this is greater than the respectable growth recorded last year of 5.8%.   The overall economy of the Middle East and its neighboring area is also forecast to increase, by 3.3% and 3.9% over this year and next.  These levels will also out-perform 2014, when growth of 2.8% was achieved.  These positive indicators in the economic outlook fuel expectations of steady cargo growth within the India – Gulf trade over the next two years.

“K” Line launch new Asian Feeder Services

07 April 2015

KAWASAKI KISEN KAISHA, LTD. (“K” Line) is pleased to announce new Asian Feeder  services to enhance our service network between China and Straits and also between Singapore and Bangladesh. “K”Line continue to offer stable and value-added services with varied network.

Details of the service are as follows:-

CSE (China Straits Express)

  • Vessel Deployment:  Four (4) x 2500 TEU type vessel
  • Port Rotation: Qingdao – Shanghai – Ningbo – Laem Chabang – Singapore – Port Kelang – Laem Chabang – Ho Chi Minh – Xiamen – Qingdao
  • Commencement Date:

SB: 27th of April 2015 ETA Qingdao

NB: 3rd of May 2015 ETA Singapore

BGX (Bangladesh Express)

  • Vessel Deployment:  Total Six (6) x 1700 TEU type vessel – Two (2) vessels in each weekly Three (3) sailings
  • Port Rotation:   Tuesday ETD SIN sailing :     Singapore – Chittagong – Singapore        Thursday/Saturday ETD SIN sailing:  Singapore – Port Kelang – Chittagong – Singapore

Delivery of ‘Corona’ Series Coal Carrier “CORONA TRITON”

07 April 2015

Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called “K” Line) is proud to announce the delivery of “CORONA TRITON,” an 88,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on April 7, 2015.

CORONA TRITON is same type as K” Line’s specialized fleet for transport of thermal coal known as the “Corona-series”. The Corona-series consists of epoch-making coal carriers equipped with wide beam and shallow draft, which are the most suitable type to enter ports of domestic Thermal Power Stations to discharge cargo.

With this new latest deployment, the Corona-series now consists of 18 carriers. “K” Line takes pride that its Corona-series has been so favorably evaluated for always ensuring customers steady and reliable thermal coal transport service with maximum safety.

Vessel’s Specifications
LOA 229.98M  Deadweight Tons 88,881MT
 Beam 38.00M  Gross Tons 49,720T
 Depth 19.90M  Net Tons 28,545T
 Full Draft 13.904M  Hold/Hatch 5/5