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K Line targets Southeast Asia growth

K Line targets Southeast Asia growth
Tokyo: Kawasaki Kisen Kaisha (K Line) is targeting growth from Southeast Asia’s emerging markets and is looking at broader level of business investment than just container shipping.

In a more upbeat New Year message than his counterparts at Mistui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK) Jiro Asakura, president of K Line, highlighted the growth potential of Southeast Asia. 

“I would also like to give attention to Asean countries. In 2012, I had the opportunity to attend the 50th anniversary ceremony of Toyota Motor Thailand Co Ltd, which is about to reach an output of one million vehicles. I was able to feel Thailand’s dynamism as a growth market first hand. Indonesia is also expected to experience further growth and the Philippines is emerging as a driver of economic growth in Asia,” Asakura said.

He also noted the growth potential of Vietnam and Mynamar and that K Line’s participation had to go beyond its traditional container shipping business.

“I believe the growth of firmly-rooted regional businesses through highly-motivated measures by overseas affiliated companies, including coastal shipping, automotive and motorcycle land transport, logistics, and port management businesses, is crucial to the development of the K Line Group,” he said.