K Line, Taipower, U-Ming, and Kuang Ming to Establish New Joint Venture Shipping Company in Taiwan

1 July 2019

Kawasaki Kisen Kaisha, Ltd.(hereinafter KLine),Taiwan Power Company (hereinafter Taipower), U-Ming Marine Transport Corporation (hereinafter U-Ming), and Kuang Ming Shipping Corporation (hereinafter Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understanding (MOU) in Taipei, Taiwan on July 1.

This new joint venture willownboth coal and LNG carriers, and operatethem fortransporting these raw materials to Taipower.

With respect to managing and transporting coal and LNG, K Linehasaccumulatedanabundance of experience and specialized skills. We, therefore, will devote ourselves to contribute to the safetyof Taiwan's energy requirementsby providingour many years of accumulated know-how in ship management and safe ship operations to this new joint venture.

Image by Kawasaki Kisen Kaisha, Ltd.

Kawasaki Kisen Kaisha, Ltd. press release