K Line

K Line
K Line
Industry Shipping
Headquarters Ichikawa, Chiba, Japan
Subsidiaries International Transportation Service
Website www.kline.co.jp
Stack of "K" Line vessel "Vincent Thomas Bridge"
K Line container on the road in Belgium
This article refers to a Japanese shipping company. For other meanings, see K-line (disambiguation).

Kawasaki Kisen Kaisha, Ltd. (川崎汽船株式会社 Kawasaki Kisen Kabushiki-gaisha?) (TYO: 9107), also referred to as "K" Line, is a very large Japanese shipping company. It owns and/or controls large cargo ships, including dry cargo ships, container ships, container terminals, gas carriers, RoRo ships and tankers.

It is the sixteenth largest container transportation and shipping company in the world.

  • Established: April 5, 1919
  • Paid-in Capital: 29,689 million yen
  • Business Lines: Marine transportation; insurance agency; warehousing; land transportation through transportation involving marine, land and air intermodal transportation
  • Stock Exchange Listing: Tokyo, Osaka, Nagoya, Fukuoka, Frankfurt, Brussels

Contents

History

1919-1944

K-line container ship steaming into San Francisco Bay, June 2007

"K" Line (named after three K initials) was formed when Kojiro Matsukata placed Kawasaki Kisen, Kawasaki Zosen and Kokusai Kisen under joint management to build a stronger fleet of 40 to 50 ships serving the Atlantic, North and South America, Africa and the Mediterranean and Baltic Seas. According to Lloyds, the newly established "K" Line was ranked 13th in the world in 1926, behind NYK (9th) but ahead of O.S.K. (14th).

By the end of World War II, Kawasaki Kisen had lost 56 vessels; 12 survived.

1945-1961

During that vital recovery period, "K" Line steadily returned to the building and operation of ships, reestablished bases of operation around the world, increased earnings and took other steps to restore corporate strength and vibrancy.

1962-1967

After the merger with Iino Kisen, "K" Line was newly capitalized at ¥9 billion and controlled a fleet of 104 ships, 55 of which were also owned by "K" Line. The merger gave "K" Line a solid foundation to advance dynamically into the future both as one of the world's largest shipping lines in terms of fleet size and as a well-balanced, integrated organization.

1971

K Line opens International Transportation Service, a container terminal company in the Port of Long Beach.

10 Ships to be manned by Filipinos

On September 30, 2007, Shuichiro Maeda, K-Line president, said the company will build 10 cargo ships to be manned by an all-Filipino officers and crew. The vessels are expected to be finished by 2010. It will employ 7,000 Filipinos in the next 4 years (3, 330 officers and 3, 600 ratings or crew). K-Line will build the K-Line Maritime Academy-Philippines operational in February 2008 and is intended to train at least 10,000 seafarers a year.[1]

K Line containers aboard a Chinese boat on the Yangtze in Wuhan

External links

Others

  • "K" Line Air Service, Ltd.
  • "K" Line Travel, Ltd.

References

  1. ^ GMA NEWS.TV, Japan firm builds 10 ships to be manned by Filipinos

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  • Line conch — Line Line, n. [OE. line, AS. l[=i]ne cable, hawser, prob. from L. linea a linen thread, string, line, fr. linum flax, thread, linen, cable; but the English word was influenced by F. ligne line, from the same L. word linea. See {Linen}.] 1. A… …   The Collaborative International Dictionary of English

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