Marine Link
Sunday, April 30, 2017

K Line, The Next Takeover Target?

September 8, 2016

Photo: Kawasaki Kisen Kaisha, Ltd.

Photo: Kawasaki Kisen Kaisha, Ltd.

 Speculation has been mounting on possible taking over the Japanese shipping company Kawasaki Kisen Kaisha (K Line).

 
According to a FT report, analysts and investors have been baffled by the recent activities of Effissimo, Singapore-based fund had increased its stake in K Line to 37 per cent by early August from 6.2 per cent about a year ago.
 
K Line could be targeted for takeover by Effissimo Capital Management, the firm’s largest shareholder as of early August, according to recent media reports.
 
Effissimo, which even by industry standards is unusually opaque, declined to comment on its investment strategy.
 
There has been roumours that Maersk Line taking over the Japanese shipping line. There was a Japanese article on this last month but the magazine.
 
But according to K-Line sources, the magazine did not verify the information with K Line and there was no reason why Maersk wants to take over K-Line.
 
K Line expects to post a net loss of 45.5 billion Japanese yen (U.S. $454 million) for the 2016-2017 fiscal year following a 51.5 billion yen loss the prior year.
 
Maritime Reporter Magazine Cover Apr 2017 - The Offshore Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News