"K" Line

“K” Line is the world’s 17th-largest container shipping company and one of the largest Japanese transportation companies. Established in 1919, the Ichikawa-based ocean carrier currently has a fleet of 78 container ships.

“K” Line, which has subsidiaries in America, Japan, and India, posted revenues of ¥1.2 trillion at the end of fiscal year 2013, up 7.9 percent year-over-year. The company recorded a net income of ¥16.6 billion, up 56 percent from the previous year’s net income of ¥10.7 billion.

“K” Line was the 11th-ranked container carrier in U.S containerized import trade in 2013, with volume of 741,104 TEUs, up 4.1 percent year-over-year, giving it market share of 4.1 percent. It was No. 13 in U.S. containerized export trade in 2013, with volume of 408,044 TEUs, up 2.7 percent year-over-year and market share of 3.2 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

COSCO, “K” Line, Yang Ming, Hanjin, and Evergreen Line have agreed in principle to an expanded CKYHE Alliance.

09 May 2016
The credit ratings agency Moody’s has downgraded the credit of "K" Line and is reviewing that of Mitsui O.S.K. Lines as two of Japan’s top three container lines struggle against unfavorable market conditions.
28 Apr 2016
Japan’s three largest container lines mostly reported dismal financial results for fiscal 2015 on Thursday.
29 Jan 2016
Japan’s three largest container lines significantly downgraded their earnings forecasts for the current fiscal year ending on March 31, with Mitsui O.S.K. Lines now expecting a sizable net loss of 175 billion yen ($1.45 billion).
04 Jan 2016
There will be no sustained recovery in the dry bulk or container shipping sectors this year amid overcapacity in the industry and slowing demand for raw materials from China, said "K" Line president and CEO Eizo Murakami.
16 Dec 2015
Five Asia-based container lines will expand a service in mid-February that connects to Australia, while another China-based line will also beef up its service to and from Oceania.
07 Oct 2015
Three former “K” Line and NYK executives have been indicted for alleged participation in a scheme to rig bids and fix prices for international shipments of roll-on, roll-off shipments to and from the United States.