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Establishment of “K” Line Wind Service, Ltd. for Offshore Support Vessel Operation Kawasaki Kisen Kaisha, Ltd, and Kawasaki Kinkai Kisen Kaisha Ltd. are pleased to announce the agreement to establish a joint venture company (“K” Line Wind Service, Ltd) for the purpose of providing marine related services for offshore wind power business 1. Target and Purpose of “K” Line Wind Service, Ltd. Japanese Government has announced its Green Growth Strategy for carbon neutrality by 2050. Offshore wind power is a prerequisite to the decarbonization of the electricity sector and it started to...

Japan’s ”K” Line enters offshore wind market April 30, 2021, by Adnan Durakovic Japanese shipping company Kawasaki Kisen Kaisha (”K” Line), and its domestic subsidiary Kawasaki Kinkai Kisen Kaisha have agreed to establish a joint venture company to provide services within the offshore wind industry. The new joint venture company, “K” Line Wind Service, will provide offshore support vessels and marine-related services to the industry. The establishment of the new company is a response to the Japanese Government’s Green Growth Strate...