“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.