K Line lans to offload ships

Japan's Kawasaki Kisen Kaisha (K Line) is planning to offload vessels, according to local media, Seatrade Asia online reports.  ?The company will also sell shares to improve its bottom line in tough markets. ?The moves should add JPY 5bn ($64.67m) in extraordinary gains this year. ?The Nikkei daily said four vessels could go, including bulkers and LNG carriers. It is also considering laying up ships with high operating costs. K Line is likely to be the hardest hit of Japan’s big three shipping lines, thanks mainly to its large exposure on the Asia-Europe container shipping trade lane.