mana.ir

JAPAN'S Kawasaki Kisen Kaisha has announced that it will introduce a new cost-saving system to be utilised on its ships.

According to MANA,The system, which was jointly developed by K Line and Kawasaki Heavy Industries, is designed to monitor operating conditions of vessels, analyse performance and then decide on the safest and most cost-effective measure. Weather information will also be factored into the equation.

The shipping line plans to introduce the system to 120 vessels by 2021.

K Line first announced the development of the system in June last year. Since then, the company has been testing the system through trial sailings before introducing it to actual operations.

Also along the lines of digitalisation and smart shipping, K Line announced in early September that it planned to introduce a new system that will help the company make better investment decisions in businesses.

The company’s ‘advanced business management system’, is expected to be introduced in the 2017 fiscal year, a Tokyo-based spokesperson at K Line told Lloyd’s List.

“The company reviewed its previous investment decisions for several business areas, including dry bulk, and realised that there is a possibility that some of our decisions might have not been ‘appropriate’ in terms of size and timing”.

The planned system will also allow the company to engage in total risk-return management as well as ‘plan/do/check/act’ cycle management, while allowing K Line to decide when to invest in its existing ships and facilities, when to hold investments and when to borrow ships.

K Line joined hands in August with other trade partners to form a 14-member consortium to develop a trade data sharing platform in a move that it said would help reduce costs.

The company saw profit attributable to shareholders for the three months ended June 30, 2017recover to ¥8.5bn versus a ¥26.8bn loss in the same period 12 months ago, while operating revenue grew by 17.5% to ¥287.4bn.