K Line

Eizo Murakami and Yukikazu Myochin lead reshuffle at K Line

K Line has reshuffled its executive pack, appointing chief executive Eizo Murakami (pictured) as its new chairman.
Additionally Yukikazu Myochin steps up as president and takes over as chief executive, while current chairman Jiro Asakura switches to director.
All three appointments take effect from the start of April as 2019 marks the carrier’s centenary.
Mr Myochin started his career with the Japanese line in the mid 1980s and has held a number of …

The post Eizo Murakami and Yukikazu Myochin...

https://theloadstar.co.uk/eizo-murakami-and-yukikazu-myochin-lead-reshuffle-at-k-line/

“K”LINE – Notice of Establishment of Joint Holding Company (Share Transfer) by Three Domestic Harbor Transportation Subsidiaries of Kawasaki Kisen Kaisha, Ltd. and Partial Transfer of the Holding Company’s Shares to Kamigumi Co

Notice of Establishment of Joint Holding Company (Share Transfer) by Three Domestic Harbor Transportation Subsidiaries of Kawasaki Kisen Kaisha, Ltd. and Partial Transfer of the Holding Company’s Shares to Kamigumi Co., Ltd.

Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo, President & CEO: Eizo
Murakami, hereinafter “”K” Line”) and Kamigumi Co., Ltd. (Head office: Kobe City, Hyogo,
President & COO: Yoshihiro Fukai, hereinafter “Kamigumi”) announce today that it was
agreed that three...

http://www.allaboutshipping.co.uk/2018/12/21/kline-notice-of-establishment-of-joint-holding-company-share-transfer-by-three-domestic-harbor-transportation-subsidiaries-of-kawasaki-kisen-kaisha-ltd-and-partial-transfer-of-the-holding-co/

ONE held a business briefing

TOKYO – MOL announced that on November 27, K Line, NYK Line and MOL jointly held containership business briefing sessions for institutional investors and media, led by Ocean Network Express Pte. Ltd. (ONE). About 120 people in total of the 2 sessions were on hand for the event.

ONE CEO Jeremy Nixon gave a comprehensive explanation of the business environment, the background of the company’s business outlook for fiscal year 2018, which was disclosed on October 31, and future strategies to improve...

http://container-news.com/one-business-briefing/

Ocean Network Express CEO admits what went wrong and unveils recovery strategy

The Ocean Network Express (ONE) management “underestimated the initial launch resource requirement” in April, resulting in a significant loss of business and a $400m impact on its bottom line.
This was the stark admission of chief executive Jeremy Nixon to a group of investors in Tokyo this week.
Profitability from synergy cost savings of $1bn a year was promised from the merger of the container businesses of Japanese shipping groups K Line, MOL and …

The post Ocean Network Express CEO admits...

https://theloadstar.co.uk/ocean-network-express-ceo-admits-went-wrong-unveils-recovery-strategy/

CMA CGM back in the black in Q3, but fuel costs force discounted rates

CMA CGM moved back into the black in the third quarter, and recorded a net profit of $49m for the nine-month period.
However, in the third quarter, the French carrier was beaten to its ‘best in class’ financial performance ranking by Hapag-Lloyd which reported a stronger recovery.
CMA CGM’s turnover during Q3 increased by 6.3% on the same period last year, to $6.06bn, earned from a 5.5% rise in volume carried, at 5.26m teu.
The carrier said the 5.5% …

The post CMA CGM back in the black in Q3,...

https://theloadstar.co.uk/cma-cgm-back-black-q3-fuel-costs-force-discounted-rates/

K Line’s Year-end Dividend forecast

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) announces that, that at Board of Directors meeting on Oct. 31, an update has been issued to Year-end Dividend forecast as provided below.

1. Forecast for Year-end Dividend for fiscal year ending March 2019

1) Details of Dividend Forecast

2) Reason for Dividend Forecast
“Our important management task is to maximize returns to our shareholders while maintaining necessary internal reserves to fund investment for sustainable growth and strengthen our financial...

http://container-news.com/k-line-year-end-dividend-forecast/

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