Company
"K" Line Offshore is located in Thommesen Gården near Pollen, Arendal
“K” LINE OFFSHORE AS is a ship owning and operating company in the Offshore Support Vessel segment founded in Arendal, Norway in October 2007 by the major Japanese shipping company Kawasaki Kisen Kaisha, Ltd.(“K” Line), together with its joint venture partner ADS Offshore AS (ADS) . “K” Line owns more than 90% of the Company, which is "K" Line's vehicle in the offshore shipping market, and the ambition is for it to become a significant global player.
The Company ordered two (2) ultra large, 34,000bhp Anchor Handling Tug Supply Vessels (AHTS) and four (4) large, 5,100DWT Platform Supply Vessels (PSV) from STX OSV, and these state-of-art vessels were delivered between Q3 2010 to Q2 2011. All new builds are designed to be environmentally friendly “CLEAN DESIGN” vessels.
The Company passed an important milestone in its development when it took delivery of a UT755L PSV, the “KL Arendalfjord”, in October 2008. The vessel has been operating in the North Sea and is steadily building its operational track record and experience.
The Company’s goal is to become a leading global provider of offshore support services to oil and gas fields . Our advanced new builds are ideally suited for new oil and gas fields in ultra-deep water, harsh environments and/or remote areas.
As of August 2011 the company has the PSVs KL Arendalfjord and KL Brevikfjord on long term contracts for Petrobras in Brazil. While the PSVs KL Brisfjord and KL Barentsfjord are on a contract for ConocoPhillips UK. The PSV KL Brofjord has a short term contract while the AHTSs KL Sandefjord and KL Saltfjord are trading in the spot market in the North Sea.
Shareholders
“Golden Gate Bridge”
5.500 TEU container ship
"Arctic Discoverer"
140,000cbm LNG Tanker currently being chartered by Statoil for a period of 20 years
Kawasaki Kisen Kaisha, Ltd. ("K" Line)
Kawasaki Kisen Kaisha, Ltd. ("K" Line), which is one of the major Japanese shipping companies, is listed on the stock exchange in Japan and has been operating since 1919.
As of March 31 2011, a total fleet of about 500 “K” Line vessels were involved in a variety of shipping segments such as Container Vessels, Bulk Carriers, Car Carriers, LNG Carriers, Crude Oil Tankers, Heavy Lifters and Offshore Support Vessels, etc.
In 2007, “K” Line announced a major investment plan. It called for the company to enter the offshore vessel business, a market in which Japanese operators are not major players. It established “K” Line Offshore AS in Norway, which placed an order for six offshore support vessels.
Arendals Dampskibsselskab AS
The Arendal Steamship Company was established in Arendal in 1857, operating a passenger and cargo liner service between Arendal, Oslo and Bergen. At the time, Arendal was flourishing on the back of shipping and trade, and ADS was born out of those traditions, as well as out of the dramatic transition from sailing ships to steamers then taking place.
Today ADS is owned by B.T. Larsen & Co AS and the company is being rebuilt as a ship owning company with ambitions to grow both within conventional shipping and offshore services.
