Kyushu Railway Exits Jet Ferry Business Over Safety Concerns

Kyushu Railway Company (JP:9142) has released an update.

Kyushu Railway Company has decided to withdraw its subsidiary, JR Kyushu Jet Ferry Inc., from the vessel operation business due to safety concerns regarding the QUEEN BEETLE ferry. Despite efforts to enhance safety measures, the company concluded that it could not fully ensure the vessel’s structural integrity, prompting the strategic decision to exit this segment. This move is not expected to significantly impact the company’s overall financial performance.

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