Annual Report 2012


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“K”LINEESTABLISHED“K”LINEPTELTDASITSfiRSTINDEPENDENTOVER-SEASSUBSIDIARYFORMARINETRANSPORTBUSINESSIN2001.SINCETHATTIME,TOEXPANDTHECUSTOMERBASEANDENHANCEINTRAGROUPSYNERGY,“K”LINEHASDEVELOPEDASTABLEEARNINGSSTRUCTUREBYESTABLISHINGINDEPENDENTLY-OPERATEDLOCALSUBSIDIARIESWHICHENGAGEINMARINETRANSPORTBUSINESSAROUNDTHEWORLDWITHANACROSS-THE-BOARDRANGEOFSHIPANDCARGOTYPES.INfiSCAL2011,WEBEGANFULL-SCALEOPERATIONOFANOFFSHORESUPPORTBUSINESSTHROUGHKLINEOFFSHOREAS,ASUB-SIDIARYINNORWAY,ANDALSOMADETHESALGROUP,ASPECIALTYHEAVYLIFTSERVICESCOMPANYLOCATEDINGERMANY,AWHOLLYOWNEDSUBSIDIARY.THESEMOVESAREEXPECTEDTOCONTRIBUTETOGREATERSYNERGYANDTHEDEVELOPMENTOFASTABLEEARNINGSSTRUCTUREINTHECOMINGYEARS.THESUMMEROF2012MARKEDTHE11THANNIVERSARYOFTHEESTABLISH-MENTOF“K”LINEPTELTD(KLPL),FOUNDEDINJULY2001ASALOCALLYBASEDOVERSEASBUSINESSSITETOPLAYAKEYROLEONTHEFRONTLINESINTHEGLOBALDEVELOPMENTOFTHE“K”LINEGROUP.KLPLSTARTEDOUTBYSUPPORTINGTHE“K”LINEGROUP’SCONTAINERSHIPOPERATIONSANDHASSUBSEQUENTLYACHIEVEDGROWTHTHROUGHTHETRANSFEROFAFRAMAXTANKEROPERATIONSFROMTOKYOWORLDHEADQUARTERSANDEXPANSIONOFTHEDRYBULKBUSINESS.KLPLHASESTABLISHEDITSELFASONEOFTHE“K”LINEGROUP’SLARG-ESTOVERSEASBUSINESSBASESANDENGAGESINTHREEMAINSTAYBUSI-NESSES:CONTAINERSHIP,TANKERANDDRYBULKOPERATIONS.INTHECON-TAINERSHIPBUSINESS,ITISINCHARGEOFKEYFUNCTIONSOF“K”LINE’SGLOBALCONTAINERSHIPOPERATIONSANDISALSOINVOLVEDINPRICINGANDMARKETINGFORALLEX-ASIASERVICEROUTESANDNETWORKPLANNINGOFSOMEROUTES.ITALSOOWNSACONTAINERSHIPANDPROVIDESINDEPEN-DENTCONTAINERSHIPSERVICETHATLINKSSINGAPOREWITHWESTERNAUS-TRALIAANDTHEAUSTRALIANEASTCOAST.KLPL’SOWNCONTAINERSHIPROUTENETWORKPERFORMSTHEROLEOFSUCCESSFULLYLINKINGAUSTRALIAANDFAST-GROWINGASIANCOUNTRIESTOMEETWIDE-RANGINGCUSTOMERNEEDS.INTHETANKERBUSINESS,WHILEKLPLHASHADAGOODPRES-“K”LINEPTELTDEXPANDINGCUSTOMERBASEANDENHANCINGINTRA-GROUPSYNERGYTHROUGHLOCALLYBASEDMARINETRANSPORTBUSINESSSITESACTIVEENGAGEMENTINTHEDRYBULKBUSINESSANDOTHEROPERATIONSTHATUTILIZETHEADVANTAGEOUSLOCATIONOFSINGAPORE,AKEYASIANBUSINESSHUBSPECIALFEATURE■“K”LINE’SINDEPENDENTLY-OPERATINGLOCALSUBSIDIARYINASIAENCEOFAFRAMAXTANKERS,THECOMPANYHASSTARTEDNEWBUSINESSOPERATIONOFCHEMICALTANKERSINMARCH2012WHENABRANDNEWCHEMICALTANKERWASDELIVERED.KLPLHASANASPIRATIONTOESTABLISHANEWBUSINESSPRESENCEINTHISBUSINESSASWELLTHROUGHINDUCINGINCREASINGDEMANDINDEVELOPINGCOUNTRIES.KLPLALSOHASADRYBULKflEET.COMPOSITIONOFTHEflEETISMAINLYPANAMAXANDHANDI-MAXBULKERS,WHICHHAVEBEENDEPLOYEDINNOTONLYINDIA/MIDDLEEASTANDASIAPACIfiCAREABUTALSOTHEATLANTICOCEANANDflEETSIZEOFEIGHTEENASOFENDOFDECEMBER2011ISONTRACKTOFURTHEREX-PANSIONINTHEFUTURE.INADDITION,KLPLENGAGESINCARCARRIEROPERATIONSCONTRACTEDBY“K”LINE’SWORLDHEADQUARTERSINTOKYO.ITDISPATCHESAPORTCAPTAINTOATERMINALJOINTLYESTABLISHEDBY“K”LINE,PSACORPORA-TION,ANDNYKLINEANDDIRECTSCARGOHANDLINGOPERATIONSSUCHASTHETRANSSHIPMENTOFCOMPLETEDBUILT-UPCARSTOTRUNKROUTESANDCARGODAMAGEPREVENTIONINSINGAPOREANDNEIGHBORINGCOUNTRIES.●ESTABLISHED:JULY2001●NO.OFSHIPSINOPERATION:28●NO.OFEMPLOYEES:136●LOCATION:SINGAPOREPASIRPANJANGTERMINAL28ANNUALREPORT2012


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