Kawasaki Kisen Kaisha, Ltd. (“K” Line) has approved in a Board meeting held today, May 19, the merger of “K” Line's two subsidiaries, “K” Line Air Service, Ltd. and “K” Logistics Corp. effective July 1, 2006. Recently, “K” Line decided and published its newly-revised interim management plan “K” LINE Vision 2008 + starting from fiscal 2006, in which “K” Line ranked the freight forwarding/harbor transportation business as one of its strategic business fields.
