"K" Line

"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.

17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
Container ship
31 Jan 2014
Container ships arrived at their destination ports across the globe on time 73.7 percent of the time in December 2013...
29 Jan 2014
Member carriers in the Transpacific Stabilization Agreement plan to increase Asia-U.S. rates by $300 per FEU, effective March 15...
Port of Hong Kong
28 Jan 2014
Jefferies expects Asian container lines’ earnings for the fourth quarter of 2013 overall will be in line with or below Bloomberg consensus estimates, as freight rates in Asia-related trade lanes continued to slide and overcapacity remained.
09 Jan 2014
The Japan Fair Trade Commission (JFTC) has decided to impose fines on some shipping firms for allegedly violating the antitrust law in transporting automobiles.
“K” Line’s President and CEO Jiro Asakura delivering his New Year message.
09 Jan 2014
“K” Line has plans to shift its focus from “protective” policies to an “offensive” approach, according to the head of the Japanese shipping company.
Container ship
31 Dec 2013
Seventeen of the Top 20 container carriers worldwide are expecting deliveries of new ships in the next 12 months, which could make 2014 a record-breaking year for capacity...