K Line confirms new Taiwan shipping JV

K Line confirms new Taiwan shipping JV

Kawasaki Kisen Kaisha (K Line) today confirmed a Splash exclusive, revealing details of a new Taiwanese shipping joint venture. The Japanese shipping major has teamed with two Taiwanese shipowners, U-Ming and Kuang Ming, and utility Taiwan Power Company (Taipower) to create a new company that will own both coal and LNG carriers.

The NT$1bn ($32.3m) company is expected to launch in October next year. Taipower will hold a 40% share of the new company, U-Ming 32.5%, Kuang Ming 20% with K Line holding a 7.5% share.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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