Tanker & Energy
Tanker
“K” Line’s crude oil tankers have adopted the double-hull structure since 2003. We constantly take measures such as conducting marine and onshore trainings as well as oil spill exercises to not only improve skills, but also prevent accidents and minimize harm.
The Relationship between Oil Tankers and Our Lives
The crude oil and petroleum products we transport are used as fuel and raw materials for various products necessary and ever-present in our daily lives. Some examples include the gasoline used for cars, jet fuels for aircrafts, naphtha for plastic bottles, and the crude oil for running electric power plants.
We safely transport these petroleum resources that support our lives to countries around the world through our oil tanker services.
Aframax Tanker
Inaugurated in 2003, our tanker department specialises in the operation of a fleet of quality Aframax tankers in the crude oil transportation market.
With a current fleet of three modern Aframax tankers, we aim to be a first class operator that provides top-notch sea transport services to our customers. We regularly maintain our fleet to the high standards set out by OCIMF and is granted approvals from various Oil Majors.
In line with the current testing tanker market conditions, we strongly believe that safety, reliability and flexibility are the keys to navigating through these tough times in the tanker business. With our nimble fleet and our long-term COA partners’ support, we are able to reduce our market risk exposure in the trough of the shipping cycle, as well as maintain our presence in the spot market. So that eventually when the tanker market recovers, “K” Line Pte Ltd Tanker will be well poised to capitalize on future opportunities.
| DWT | 33,590.76 mt |
|---|---|
| GRT | 19,899 |
| Build | 2012 |
| Flag | Singapore |
| Type | IMO II/III Chemical Tanker |
Fleet
| VESSEL NAME | D/W(K/T) | G/TON | FLAG | TYPE | BUILT |
|---|---|---|---|---|---|
| CRESCENT RIVER | 113,271 | 59,333 | Singapore | Aframax Tanker | 2019 |
| OCEANA RIVER | 113,206 | 59,333 | Singapore | Aframax Tanker | 2019 |
Note: Information updated as of 2 November 2022.
Energy
The Relationship between Oil Tankers and Our Lives
Liquefied Gas Fuel Business
As advocates for environmental conservation, we aim to introduce LNG as a marine fuel that produces less emission from engine exhaust, resulting in low environmental impact. We also consider developing LNG bunkering services by utilising related vessels that will accelerate the increasing demand on LNG as a marine fuel.
Small-Scale LNG Shipping Business
Many countries have begun to import LNG in smaller packages. We aim to develop small-scale LNG transportation business in countries and regions together with the conventional large-scale transportation service.
LNG Floating Storage And Regasification Business
We are eyeing a business that involves the provision of offshore floating storage and regasification units (FSRUs). Specifically, these should take receipt of LNG at a lower cost than reception from land.
Offshore LNG/LPG-Based Power Generation Business
We strive to develop offshore LNG/LPG-based power generation business to conduct entire operations at the offshore. This includes receipt, storage, regasification, and power generation, and sending electricity to shore.
This business concept would save initial investment compared to land-based power generation project in the area where there is an absence of gas infrastructure.
Related News
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has posted to its official website a video that explains progress in the implementation of the medium-term management plan and the financial results for fiscal 2023. The video is also posted on “K” Line With, a video communication site for “K” LINE Group’s employees.
Kawasaki Kisen Kaisha, Ltd. (“K” LINE), announced today that, together with ITOCHU Corporation(“ITOCHU”), Nihon Shipyard Co., Ltd., MAN Energy Solutions (MAN), Mitsui E&S Co., Ltd., and NS United Kaiun Kaisha, Ltd. have signed a memorandum of understanding (MOU) regarding joint development efforts for the commercialization of ammonia-fueled ships.
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Nippon Gas Line Co., Ltd. (Nippon Gas Line) are pleased to announce the agreement to establish a marketing company for the purpose of providing the seamless and efficient integrated liquefied CO2 transportation service for carbon dioxide capture and storage (CCS) projects over the boundaries.
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has entered into a joint research and development agreement with NIPPON HAKUYO electronics, ltd. ※1) and OPT Gate Co., LTD. (※2) for the development of a new fire detection system for vessels, using optical technology.
