Corona Utility Joins K Lines Coal Carrier Fleet

K Line Tokyo-based Kawasaki Kisen Kaisha, Ltd. (K Line) took delivery of a coal carrier named Corona Utility at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on January 13, 2016. The 88,000 DWT-type special coal carrier belongs to K Line’s specialized fleet for transport of thermal coal known as the Corona-series. The Corona-series consists of  coal carriers equipped with wide beam and shallow draft, which are the most suitable type to enter ports of Japanese Thermal Power Stations to discharge cargo. With this new latest deployment, the Corona-series now consists of 19 carriers. K Lines dry bulk and containership businesses were considerably affected by tough market conditions that plagued last year, especially since the cargo movement fell below expectations while supply pressure on shipping capacity was intensified.