Latest news with #KLine
South China Morning Post
16-07-2025
- Business
- South China Morning Post
Japanese shipping giant K-Line to divert US services over Trump tariff fears, CEO says
Japanese shipper Kawasaki Kisen (K-Line) is adjusting its US services and is prepared to divert more ships away to other regions as it braces for potentially higher US tariffs, CEO Takenori Igarashi said on Wednesday. 'There have been times when ships couldn't be fully loaded on some routes, and when we reduced the frequency of container services from East Asia to the US,' Igarashi said. 'We're adjusting our fleet capacity according to cargo volumes.' One of Japan's major shipping companies, Kawasaki Kisen, has factored in a 30 billion yen (US$200 million) impact from US tariffs for the financial year through March 2026, citing a hit to the carrier business and lower container volumes and freight rates. Igarashi, who took over his post in March, said that the container ship business would be especially affected by the outcome of US-China tariff negotiations, which the company was closely watching. K Line President and CEO Takenori Igarashi said his company will adjust US services amid tariff fears, eyeing diversions to Europe and Africa. Photo: Reuters US President Donald Trump has threatened higher tariffs on a range of trading partners unless they agree trade deals before an August 1 deadline.
Yahoo
16-07-2025
- Business
- Yahoo
Japan's Kawasaki Kisen prepared to reroute more ships away from US over tariffs, CEO says
By Kentaro Okasaka TOKYO (Reuters) -Japanese shipper Kawasaki Kisen (K-Line) is adjusting its U.S. services and is prepared to reroute more ships away to other regions as it braces for potentially higher U.S. tariffs, CEO Takenori Igarashi said on Wednesday. "There have been times when ships couldn't be fully loaded on some routes, and when we reduced the frequency of container services from East Asia to the U.S.," Igarashi, who took his post in March, told Reuters in an interview. "We're adjusting our fleet capacity according to cargo volumes." One of Japan's major shipping companies, Kawasaki Kisen has factored in a 30 billion yen ($200 million) impact from U.S. tariffs for the financial year through March 2026, citing a hit to the car carrier business and lower container volumes and freight rates. Igarashi said that the container ship business would be especially affected by the outcome of U.S.-China tariff negotiations, which the company was closely watching. U.S. President Donald Trump has threatened higher tariffs on a range of trading partners unless they agree trade deals before an August 1 deadline. Depending on the tariff rates that various countries ultimately face and what they do to trade flows, there could be some positive impact if shipping distances lengthen, Igarashi said. To adjust to tariff-related demand at the operational level, Kawasaki Kisen could redirect vessels from U.S. routes to Europe, the Middle East, Australia and Africa, he said. "When it comes to strategic adjustments, we may, for example, reduce assets in the form of vessels a bit, but unless we are clear about the direction of trade policies, we can't suddenly make drastic cuts," he said. "We're still in the wait-and-see phase." ($1 = 149.8000 yen) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
Inmarsat NexusWave Exceeds 1,000 Vessel Orders Amid Growing Demand for High-Speed Connectivity
Inmarsat Maritime's fully managed service has found ready audience among shipping companies seeking power of multiple networks with convenience of single provider CARLSBAD, Calif., July 01, 2025 (GLOBE NEWSWIRE) -- Inmarsat Maritime, a Viasat company, has announced that orders for NexusWave have exceeded 1,000-vessels. Following months of rigorous development and testing, the service has gained incredible momentum in its first six months on the market with global customers adopting NexusWave for their fleets. This milestone underscores the global shipping industry's strong appetite for a fully managed, high-speed, bonded connectivity service that combines the power of multiple networks with the convenience of a single provider. Early adopters such as 'K' Line, Anthony Veder, Mitsui O.S.K. Lines, Solvang, Sallaum Lines, Parlevliet & van der Plas Group and others are already reaping the benefits of transforming their vessels into floating offices and homes. Inmarsat's NexusWave brings together Global Xpress (GX) Ka-band, low-Earth orbit (LEO), coastal LTE, and resilient L-band services into a seamless, fully managed solution. Inmarsat's unique 'network-bonding' technology is designed to allow connected applications to harness the aggregate speed and capacity of all available networks simultaneously rather than relying on one at a time. Recent real-world tests have demonstrated NexusWave's exceptional performance, achieving download speeds of up to 340 megabits per second (Mbps) and upload speeds of up to 80 Mbps. Network availability on vessels has consistently exceeded 99.9%, and video call quality has remained virtually unaffected by the availability or performance of any single network. Inmarsat's solution dynamically adjusts traffic routing to maintain a seamless user experience, even in connectivity hotspots. Users also benefit from unlimited data, global coverage, and secure-by-design infrastructure, providing complete 'connected confidence'. For seafarers onboard it means they can enjoy a wide range of applications, including web browsing, streaming, gaming, video and voice calling, messaging, and social media access, providing a 'home-like' connectivity experience while at sea. Ben Palmer, President, Inmarsat Maritime, said: 'We are incredibly proud to have surpassed the 1,000-vessel mark for NexusWave orders. This achievement is testament to the vision and commitment of everyone involved in the development process. It also reveals a strong appetite among forward-thinking operators for connectivity that provides more than just high speeds and reliability. 'NexusWave offers everything shipowners need to transform their vessels into floating offices and homes – and thereby drive their digitalisation strategies and crew welfare initiatives. It is designed to provide full connected confidence underpinned by global coverage, unlimited data, and enterprise-grade cybersecurity. Crucially, it combines all of the above with the convenience of working with a single, trusted maritime connectivity partner.' About Inmarsat Maritime Inmarsat is a Viasat company and continues to power the digitalisation of the maritime industry. With over 40 years of experience, Inmarsat Maritime offers reliable and innovative solutions that enable ship owners and operators to stay connected, navigate safely, enhance operational efficiency, and ensure crew welfare. Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are - on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads and YouTube. Inmarsat Maritime is based in Viasat's global international business headquarters in London, United Kingdom. For further information about Inmarsat Maritime, visit and follow us on LinkedIn. Forward-Looking StatementsThis press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to the features and benefits of the NexusWave solution. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: our ability to access third-party capacity and services; risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; our ability to realize the anticipated benefits of the ViaSat-3 class satellites and any future satellite we may construct or acquire; unexpected expenses related to our satellite projects; our ability to successfully implement our business plan for our broadband services on our anticipated timeline or at all; capacity constraints in our business in the lead-up to the launch of services on our satellites; our ability to successfully develop, introduce and sell new technologies, products and services; and other factors affecting the maritime sector. In addition, please refer to the risk factors contained in our SEC filings available at including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements for any reason. While the information in this document has been prepared in good faith, no representation, warranty, assurance or undertaking (express or implied) is or will be made, and no responsibility or liability (howsoever arising) is or will be accepted by the Inmarsat group or any of its officers, employees or agents in relation to the adequacy, accuracy, completeness, reasonableness or fitness for purpose of the information in this document. All and any such responsibility and liability is expressly disclaimed and excluded to the maximum extent permitted by applicable law. Coverage as shown on maps is subject to change at any time. Inmarsat is a trademark owned by the International Mobile Satellite Organization, licensed to Inmarsat Global Limited. The Inmarsat logo and all other Inmarsat trademarks in this document are owned by Inmarsat/Viasat group. © Inmarsat Global Limited. All rights reserved. Contact: For media inquiries: PR@ Lisa Curran/Peter Lopez, Investor Relations, +1 (760) 476-2633, IR@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Straits Times
18-06-2025
- Business
- New Straits Times
Yinson, K Line partner on CO₂ transport and injection solutions
KUALA LUMPUR: Yinson Production and K Line Energy Shipping (UK) Ltd have signed an agreement to jointly develop and market solutions for transporting and injecting liquefied carbon dioxide. K Line, based in London, is a subsidiary of Japan's Kawasaki Kisen Kaisha. Since 2024, K Line has managed two liquefied carbon dioxide carriers for the world's first commercial carbon dioxide transport and storage service. Meanwhile, Yinson Production operates a fleet of floating production, storage and offloading (FPSO) and floating storage and offloading (FSO) vessels and has extensive expertise in engineering, design, and operations in the offshore energy sector. The partnership between K Line and Yinson Production began in 2018 in the FPSO sector. Together, they co-own the FPSOs Anna Nery in Brazil and John Agyekum Kufuor in Ghana. In a statement, both parties will jointly develop and market a floating storage and injection unit (FSIU) and a liquefied carbon dioxide carrier, targeting carbon capture and storage (CCS) projects being developed mainly in Europe. The companies are expanding their collaboration to develop integrated solutions for transporting and injecting liquefied carbon dioxide as part of the CCS value chain, supporting global decarbonisation efforts. Yinson Production chief technical officer Lars Gunnar Vogt said the collaboration with K Line builds on a longstanding relationship and complements their deep knowledge of offshore marine systems. He said that by leveraging each party's respective core expertise, they are well positioned to develop innovative solutions that will support large-scale carbon transport and storage. "This provides a one-stop solution to help industrial emitters achieve their decarbonisation targets," he added. K Line corporate officer Kei Onishi added that the collaboration builds on a strong foundation established through FPSO business and reflects a shared commitment to enabling scalable CCS solutions. "By combining their offshore engineering expertise with our experience in carbon dioxide shipping, we are developing an offshore unloading capability and bespoke transport solutions to serve a broader range of carbon dioxide storage sites. "This will complement traditional port-to-port transport models for the CCS Value Chain and offer emitters greater flexibility in meeting their decarbonisation goals," he added.
Los Angeles Times
06-06-2025
- Business
- Los Angeles Times
Metro opens long-awaited LAX station
Decades after rail first broke ground in Los Angeles County, Angelenos will be one step closer to an airport connection with Friday afternoon's opening of the LAX/Metro transit station at Aviation Boulevard and 96th Street will connect to the K Line and C Line and, starting next year, to Los Angeles International Airport's long-awaited automated people mover train. For now, free shuttle buses running every 10 minutes will transport travelers along the 2.5-mile route between the center and transit center was budgeted at $900 million and includes a 16-bay bus plaza with electric bus infrastructure, a bicycle hub and a pickup and drop-off area for those who want to avoid the airport's traffic-choked horseshoe loop. Metro parking lots near the station will offer short-term parking.
