Four companies to form coal, LNG joint venture

“K” Line, U-Ming, Kuang Ming and Taipower signed a memorandum of understanding Monday to establish a joint venture in October 2020.

Four companies to form coal, LNG joint venture

“K” Line, U-Ming, Kuang Ming and Taipower signed a memorandum of understanding Monday to establish a joint venture in October 2020.

Four companies to form coal, LNG joint venture

“K” Line, U-Ming, Kuang Ming and Taipower signed a memorandum of understanding Monday to establish a joint venture in October 2020.

 

   Kawasaki Kisen Kaisha Ltd., U-Ming Marine Transport Co., Kuang Ming Shipping Corp. and state-owned Taiwan Power Co. (Taipower) signed a memorandum of understanding Monday to form a joint venture to own both coal and LNG carriers to transport raw materials for Taipower.
      The yet-to-be named joint venture is planned to be established in October 2020 in Taipei, Taiwan. It will have a capital of NT$1 billion ($32.3 million) with Taipower holding a 40% stake, U-Ming 32.5%, Kuang Ming 20% and “K” Line 7.5%.
    “K” Line said it would provide its “many years of accumulated know-how in ship management and safe ship operations to this new joint venture.”
    In a press release, U-Ming said, “In response to the global wave of climate change, Taiwan has been actively carrying out the energy transformation initiatives. This joint venture company will also be taking appropriate measures to face the rapid changes in the operating environment to stabilize the country’s coal supply, and at an appropriate time to come, to further expand into the LNG shipping business.”

Not that long ago, it seemed inconceivable that the good times in [U.S.] trucking would end, but here we are back down to Earth. Growth in manufacturing – the most significant driver of trucking activity – has subsided, and residential construction remains stagnant. However, there are some near-term positives, such as lower diesel prices. Also, carriers are responding to flagging demand by ending their hiring spree.

The Port of Zeebrugge is called by 12 liner services that also sail to regions outside North Europe, according to BlueWater Reporting’s Port Dashboard tool.

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Four companies to form coal, LNG joint venture

“K” Line, U-Ming, Kuang Ming and Taipower signed a memorandum of understanding Monday to establish a joint venture in October 2020.

Jul 01, 2019 on Dec 27, 2018AmericanShipper.com

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Four companies to form coal, LNG joint venture

“K” Line, U-Ming, Kuang Ming and Taipower signed a memorandum of understanding Monday to establish a joint venture in October 2020.

Jul 01, 2019 on Dec 27, 2018AmericanShipper.com