The Japanese shipping company Kawasaki Kisen Kaisha (K-Line) announced its plan to comply with IMO’s sulfur cap by adopting various measures to include scrubber and retrofit technologies in addition to implementing low sulfur fuels.
No Limitations
According to a report released by the company, President and CEO of K-Line, Eizo Murakami said, “We will proceed on a ship-by-ship basis, aware that we cannot limit ourselves to one particular measure. In April 2018, the targets for reducing greenhouse gas emissions including CO2 emissions from international shipping were decided, then the concrete measures to achieve will be discussed”.
Implementation without delays
The company is extensively planning to explore possible ways to include alternative fuels and decide on a ship-by-ship basis to implement it.
The company said, “Implementing environmental measures will entail large costs, but it is important to take action without delay by sharing the burden fairly among beneficiaries.”
Integration of business activities
Fresh from integrating its business with compatriot NYK Line and MOL into Ocean Network Express (ONE), K-Line has reorganized its business into four segments: dry bulk, energy resource transport, product logistics, and others.
The company is looking to further reduce the number of its high-cost, small and medium-sized ships and securing long-term employment for its dry bulkers and tankers.
Financial report
The report also showed that for fiscal 2018, K Line’s consolidated operating revenues will decline to JPY 754.5 billion as a result of one-time cost stemming from ONE’s launching, worth JPY 8.5 billion. Operating income is expected to reach JPY 5 billion and profit attributable to owners of the parent of JPY 7 billion.
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Source: PortWays
