Kawasaki Kisen Kaisha : "K" Line Group to Merge Two Ship Management Companies - Reorganization of the Group’s Ship Management System for More Secure Services -
May 11, 2017 at 10:12 pm EDT
Share
May 11, 2017
Kawasaki Kisen Kaisha, Ltd.
Kawasaki Kisen Kaisha Ltd. ('K' Line) takes pleasure in announcing that two of its subsidiaries, Taiyo Nippon Kisen Co., Ltd. and Escobal Japan Ltd. will be merged on July 1, 2017 and tentatively scheduled to be renamed 'K' Line RORO and Bulk Ship Management Co., Ltd. on April 1, 2018.
1. Purposes of merger
'K' Line Group aims to achieve synergy for all members of society by making continuous efforts to ensure safe and reliable navigation.
This merger will insure a success of the reorganization of the structure of the group's ship management system to a further and higher level by consolidation of the extensive experience and valuable know-how accumulated within the two respective companies during their long histories, which will successfully realize more secure and environmental-friendly services that will meet the day-by-day increasing demand for reduction of environmental load toward a sustainable and livable world.
2. Situation after merger
Merger date : July 1, 2017
Company name : A) before April 1, 2018
Taiyo Nippon Kisen Co., Ltd.
B) after April 1, 2018
'K' Line RORO and Bulk Ship Management Co., Ltd. (tentative)
Address of head office : 2-2-3 Kaigan-dori, Chuo-ku, Kobe 650-0024, Japan
President : Shunichi Arisaka
Business location : 3 domestic and 8 overseas offices in 7 countries
Capital : 400 million Japanese yen
Shareholders : 'K' Line 100%
3. New organization of ship management
'K' Line will hold three deeply-specialized and highly-experienced ship management companies after the merger: 'K' Line Ship Management Company Ltd. dedicated to containerships, tankers and gas carriers, 'K' Line LNG Shipping (UK) Limited to LNG carriers, and Taiyo Nippon Kisen Co., Ltd. to car carriers and dry bulk carriers. This new and highly-professional management system definitely will further improve and upgrade future services with higher quality and greater security.
K Line - Kawasaki Kisen Kaisha Ltd. published this content on 11 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 May 2017 02:11:19 UTC.
Original documenthttp://www.kline.co.jp/en/news/detail/1207684_1997.html
Public permalinkhttp://www.publicnow.com/view/58A0D58BC777BBCA4EA8DBD8F7001204EB3EB9FE
Kawasaki Kisen Kaisha, Ltd. is one of the Japanese largest maritime transportation providers. Net sales break down by activity as follows:
- logistics services (50.2%): warehousing, freight handling, port services, etc.;
- maritime transportation of freight (48.4%): transportation of dry bulk, oil products, liquefied natural gas, vehicles, containers, etc. At the end of March 2022, the group had a fleet of 434 vessels;
- other (1.4%).
Net sales are distributed geographically as follows: Japan (87.4%), Asia (6.3%), Europe (4.1%), the United States (2%) and other (0.2%).
Kawasaki Kisen Kaisha : "K" Line Group to Merge Two Ship Management Companies - Reorganization of the Group’s Ship Management System for More Secure Services -