The Japanese shipowner Kawasaki Kisen Kaisha (K Line) merged its two shipmanagement subsidiaries – Taiyo Nippon Kisen and Escobal Japan, since July 1, 2017. The merged entity will then be renamed K Line Roro and Bulk Ship Management Co from April 1, 2018. The shipmanagement subsidiaries merges is part from the group restructuring and aiming to achieve synergy for all members of society and ensuring safe and reliable navigation. The two subsidiaries between them at present have business locations in three domestic offices and eight overseas offices across seven countries.
“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”, says the press-release of K Line.
K Line will hold three deeply-specialized and highly-experienced ship management companies after the merger. K Line Ship Management Company Ltd will be dedicated to container ships, tankers and gas carriers, while K Line LNG Shipping (UK) Limited will serve the business with LNG carriers and Taiyo Nippon Kisen Co to car carriers and dry bulk carriers. According to the company’s analyzes this new management system definitely will further improve and upgrade future services with higher quality and greater security.
Kawasaki Kisen Kaisha (K Line) is one of the largest Japanese transportation companies. It owns and controls large cargo ships, including dry cargo ships (bulk carriers), container ships, container terminals, liquefied natural gas carriers, ro-ro ships and tankers. K Line is the sixteenth largest container transportation and shipping company in the world.