October 23, 2014     Japanese 
  JCN 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
 
Share:
"K" Line to Invest in Zhejiang Eastern Shipyard Co.
 

Tokyo, Nov 6, 2009 (JCN) - Kawasaki Kisen Kaisha, Ltd. ("K" Line) is pleased to announce that a JVA in ship repair business has been signed with the joint venture company between Hanjin Shipping and Shunhe Shipping of Zhejiang Eastern Shipyard Co., Ltd. (ZESCO), a shipyard in Zhejiang Province by accepting ZESCO's increase capital for third parties together with Shanghai Changjiang Shipping (Sinotrans group).

ZESCO is located in a northern part of Zhoushan islands, Zhejiang Province, occupying total area of 550,000m2 with 1,900m length of coastline. It has capacity of 150 vessels per year, equipped with two large graving docks (one of which can accommodate 300,000dwt class VLCC or VLOC and the other can accommodate CAPE-size), hull workshop (13,000m2), one repair berth, painting workshop and mechanical-electrical workshop.

In addition, ZESCO plans to construct second repair berth and third graving dock. The graving dock facilities and one repair berth were completed and full operation started in early April 2009. 24 vessels have already docked in ZESCO and another 16 vessels are expected to dock in by the end of this year. "K" Line secures certain repair slots at ZESCO as a main shareholder and user.

"K" Line's participation in ZESCO means that it obtains core repair slots for increasing large-size vessels, as we announced in August 2008 when "K" Line became a Primary Strategic Partner in ship repair business with Titan Quanzhou Shipyard Ltd. (TQSL) under construction in a suburb of Quanzhou City, Fujian Province.

With these two projects, ZESCO, TITAN and "K" Line will cooperate with friendly owners in regards to nomination to the two dockyards, placing "K" Line in an even better position to pursue enforcement of its safety policy and stable quality of ship management.

In October 2009, "K" Line also established a consultant company 'Shanghai Brainy-Kawasaki Maritime Service Co., Ltd (SBK)' and SBK started to provide full support when vessels dock in the above two dockyards.


By Saroj Shrestha Staff Writer

Copyright © 2014 JCN. All rights reserved. A division of Japan Corporate News Network KK.


 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  KLINE News  
  "K" Line Sustains Inclusion in FTSE4Good Global Index  (Oct 16, 2014)
  "K" Line and Ports America Announce Strategic Partnership  (July 31, 2014)
  CKYH Alliance to Cancel 7 Voyage Plans During Winter  (Nov 29, 2012)
  Four Japanese Partners Deliver Ultra-Deepwater Drillship to Petrobras  (May 17, 2012)
  CKYH-the Green Alliance to Expand Cooperation with Evergreen  (Dec 27, 2011)
  K Line Issues Social and Environmental Report 2010  (Aug 13, 2010)
  "K" Line Implements Share Transfer with Air Tiger Express Companies  (June 16, 2010)
  "K" Line to Invest in Zhejiang Eastern Shipyard Co.  (Nov 6, 2009)
  "K"Line Strikes Long-Term Iron Ore Transport Agreement with Anshan Iron Steel Group  (Sept 2, 2009)
  Kawasaki Kisen Kaisha, Ltd. Delivery of 154,800m3 LNG Carrier 'TANGGUH FOJA' for TANGGUH Production Sharing Contractors  (Nov 26, 2008)



 Recent  Shipping & Transportation News   
Mitsui O.S.K. Lines (MOL) Launches 'Global Management College' (Aug 18, 2014)
MOL Bulk Carrier First to Adopt Highly Ductile Steel Plate to Ensure Superior Collision Safety (Aug 15, 2014)
JAL to Migrate its Passenger Service System to Amadeus' 'Altea' Platform (July 31, 2014)
"K" Line and Ports America Announce Strategic Partnership  (July 31, 2014)
MOL Ship Management Certified for Energy & Environmental Management Systems Concurrently (July 30, 2014)
Marubeni, Mitsui Miike to Build Coal Handling Facility with Russia's JSC Vostochny Port (July 18, 2014)
ANA Introduces New Uniform Designs by Prabal Gurung (May 11, 2014)
Suzuki Sets Up Outboard Motor Distributor in China (Apr 11, 2014)
JAL and S7 Airlines Expand Codeshare Cooperation (Mar 12, 2014)
Ichthys LNG Project Secures New Shipping Vessels (June 4, 2013)

More Shipping & Transportation news...
 
CSR Report Download
Annual Reports

  More >>    
Most Popular


About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)