A subsidiary of Kawasaki Kisen Kaisha (K Line) has become a member of the Indian National Shipower’s Association (INSA) as the Japanese outfit looks to ramp up business in the world’s largest democracy.
K Line (India) Shipping Private Ltd (KLISP) was established in 2014 and has actively participated in the Indian coastal trade as well as ocean shipping as an Indian shipping company. In the same year, KLISP successfully entered into a long-term CVC contract with an Indian charterer. In December last year, KLISP acquired ownership of an Indian flagged bulker, the 58,000 dwt Ganga K, for this contract, and by acquisition of this Indian flag vessel, KLISP was officially entitled to join INSA.
“By becoming an INSA member, we anticipate this will enable us to become more actively engaged in the Indian shipping industry as well as become even more deeply rooted in activities of the local market,” K Line said in a release today.
