November 6, 2015
On 25 October 2015, we ("K" Line) established a new company called K LINE SHIPPING & LOGISTICS L.L.C (hereafter "KLSL") in Dubai, UAE, and KLSL has started its operations. KLSL is a joint venture between "K" Line and Sharaf Group (*1) and is the first company to operate in the Middle East among the subsidiaries of Japanese shipping companies. KLSL will conduct businesses in the fields of marine transportation, land transportation and logistics, etc. and the company will develop new businesses actively through the networks of "K" Line and Sharaf Group (*2).
♦ Outline of New Company in Dubai ♦
| Name of Company: | K LINE SHIPPING & LOGISTICS LLC |
| Business Scope: | Marine transportation, logistics, land transportation, air cargo transportation, warehousing and supply chain solutions. |
| Representatives of the Company: | Takashi Kodera, Director & General Manager Kazutaka Imaizumi, Director & Chairman, Ibrahim Sharaf, Director & Vice Chairman |
(*1) Sharaf Group was established in 1976 by Mr. Ibrahim Sharaf and Mr. Sharafuddin Sharaf and is now an established business house in Dubai, United Arab Emirates. Its number of employees across the group is over 11,000. Sharaf Group is doing businesses in many industries, and they include shipping agency (Sharaf Shipping Agency), logistics (Sharaf Logistics and Emirates Logistics), retail business, travel agency (Sharaf Travel) and Sharaf Exchange.
(*2) Sharaf Group has offices in Middle East, Indian Sub-Continent, Red Sea, African Continent, Europe, Far East /South East Asia, Russia and Australia and representative offices in Japan, Korea, China and Europe.
