Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and “K” Line (India) Shipping Private Ltd., (KLISP) affiliate company of “K” LINE, have successfully signed the multiple medium and long term CVCs with one of the largest steel fabricators JSW Steel Ltd. for Capesized tonnage and Supramax size tonnage.
For Capesize, this is the first contract in history where Capesized tonnage performs the Indian coastal trade under medium to long term CVC. For Supramax, vessels belonging to “K” LINE (INDIA) SHIPPING PRIVATE LIMITED perform both Indian and international coastal trade to transport a variety of cargoes such as iron ore, coal, limestone and steel products of JSW Steel Ltd. from
2014 R1) and successfully renewed these contracts. As a result, the annual transportation volume for JSW Steel reaches approximately 10 million tons from existing contracts and these new CVCs. “K” Line (India) Private Limited (KLIN) was established with a strong joint venture partner in
2008 to expand its operations in India and today KLIN manages the bulk carrier operations of the “K” LINE group (post installations) from India. KLISP was established in 2014 as an Indian-flagged ship-owning company. “K” LINE Group is continuously strengthening its relationship with JSW Steel as one of the most strategic business partners in India. In our medium-term management plan published in May 2022, “K” LINE has identified the iron ore carrier business as one of the main priority areas to drive growth and aim to strengthen customer coverage and relationships. for Drybulk activities in Asia. The “K” LINE Group will meet customers’ growing transportation demands and environmental needs such as emission reduction and decarbonization for sustainable business growth and societal development.
Source: Kawasaki Kisen Kaisha, Ltd.