Kawasaki Kisen Kaisha : “K” LINE to Use JGreeX Green Steel from JFE Steel for New Ultramax Bulker
December 20, 2023 at 07:35 am IST
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December 20, 2023
Kawasaki Kisen Kaisha, Ltd.
Kawasaki Kisen Kaisha, Ltd. ("K" LINE) has decided to employ JGreeX, *1 the green-steel product manufactured by JFE Steel Corporation (JFE Steel), for the ultramax bulker to be built by Imabari Shipbuilding Co., Ltd. (Imabari Shipbuilding) and completed in 2026. JGreeX is green steel that significantly reduces CO2 emissions in its manufacturing process. The ultramax bulker will be the world's largest vessel using only green steel.
The world is now accelerating initiatives to realize a carbon neutral society. In accordance with the long-term environmental policy "K" LINE Environmental Vision 2050: Blue Seas for the Future,*2 "K" LINE aims to help make the lives of people more affluent by promoting to support the low-carbon and carbon-free for both ourselves and society.
*1. JGreeX: The green-steel product supplied by JFE Steel
https://www.jfe-steel.co.jp/en/release/2023/230508-2.html
*2. "K" LINE Environmental Vision 2050: Blue Seas for the Future
https://www.kline.co.jp/en/sustainability/environment/management.html
K Line - Kawasaki Kisen Kaisha Ltd. published this content on 20 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2023 02:04:35 UTC.
Kawasaki Kisen Kaisha, Ltd. is one of the Japanese largest maritime transportation providers. Net sales break down by activity as follows:
- logistics services (50.2%): warehousing, freight handling, port services, etc.;
- maritime transportation of freight (48.4%): transportation of dry bulk, oil products, liquefied natural gas, vehicles, containers, etc. At the end of March 2022, the group had a fleet of 434 vessels;
- other (1.4%).
Net sales are distributed geographically as follows: Japan (87.4%), Asia (6.3%), Europe (4.1%), the United States (2%) and other (0.2%).