Kawasaki Kisen Kaisha, Ltd. ("K” Line), Taiwan Power Company (Taipower), U-Ming Marine Transport Corporation (U-Ming), and Kuang Ming Shipping Corporation (Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understanding（MOU）in Taipei, Taiwan on July 1.
This new joint venture will own both coal and LNG carriers, and operate them for transporting these raw materials to Taipower.