“K” Line celebrating 100 years as a shipping business

The Japanese company has developed into the current integrated logistics service provider based in marine transport with over 500 vessels

“K” Line celebrating 100 years as a shipping business Bild: K-Line

Last Friday was precisely 100 years after April 5, 1919 when the Kawasaki Dockyard established a shipping company through contribution in kind with 11 ships, and three days after that, on April 8, submitted the “notification of commencement of business”, thus Kawasaki Kisen Kaisha Ltd. took its first step as a marine transport enterprise.

Shipping is infrastructure that is essential to the lives and economic activities of people across the globe. As an integrated logistics group based in marine transport, “K” Line has made it a corporate principal to contribute to society so that people live well and prosperously.

This fiscal year is the last of the medium-term management plan Revival for Greater Strides, so “K” Line will focus on further strengthening its three vital initiatives, “rebuilding portfolio strategy”, “advancement of management and function-specific strategies” and “ESG measures”.

Within “rebuilding portfolio strategy”, the company has been creating spin-offs of the containership business it has operated until now in addition to pursuing endeavors such as introducing external capital and knowledge to domestic port transportation business and strengthening cost competitiveness through structural reform.

Moving forward, “K” Line will focus and reallocate management resources within the four pillars of dry bulk vessel, energy resource transport, car carrier and logistics businesses in order to further improve corporate value by strengthening stable earnings base.

“By taking every possible customer need into account and utilizing our strengths to fulfill those needs, we have provided new value, such as Japan’s first dedicated car carriers and liquified natural gas carriers as well as a coal carrier optimized for Japanese ports”, Yukikazu Myochin, President & CEO “K” Line, said in a speech.

In the 100 years to come, “K” Line will continue to make safe transport the foundation of their business activities as they strive to preserve the environment and contribute to sustainable development worldwide.