K” Line Group to Merge Two Ship Management Companies

Company Profiles, Liner Shipping and Trade, Mergers and Acquisitions — By on May 12, 2017 at 3:24 PM

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“K” Line Group to Merge Two Ship Management Companies- Reorganization of the Group’s Ship Management System for More Secure Services –

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.

  1. 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.

  1. Situation after merger

Merger date                       : July 1, 2017

Company name                              : A) before April 1, 2018

Taiyo Nippon Kisen Co., Ltd.

  1. B) after April 1, 2018

“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%

  1. 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.

 

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