"K" Line Group to Merge Two Ship Management Companies
Reorganization of the Group’s Ship Management System for More Secure Services
May 12, 2017
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.
- 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.
- 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
Taiyo Nippon Kisen Co., Ltd.
"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% |
- 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.
