Hitoshi Nagasawa News

On March 9, the coal carrier Kagura for the Chugoku Electric Power Co., Inc. (EnerGia) was delivered at Oshima Shipbuilding Co. Ltd. A naming and delivery ceremony took place on the same day and was attended by Shigeru Ashitani, representative director, vice president and senior managing executive officer of EnerGia; and Hitoshi Nagasawa, president of NYK.Under a long-term transport contract with EnerGia, the vessel will use carbon offsets to theoretically reduce its greenhouse gas (GHG) emissions to zero for the entire contracted voyage…

In his annual New Years' address to employees, NYK President Hitoshi Nagasawa warned that while markets, particularly the containershipping market, will be more challenging in 2023 compared to the past two years, overall the group has "long anticipated that the strong tailwind would not last long," and in turn has "implemented structural reforms in the dry bulk business as well as cost reductions in various areas," to help ensure profitable operations.He cited the prolonged impact of COVID-19…

On November 18, a graduation ceremony was held for 108 2021-year graduates was held at the NYK-TDG Maritime Academy (NTMA), a merchant marine university jointly operated by NYK and the Transnational Diversified Group (TDG) near Manila, Philippines. The ceremony had originally been postponed because of the COVID-19 pandemic.Due to the pandemic, NTMA switched to online classes when dormitory life and on-campus classes were not feasible, and the students completed the classroom curriculum without delay.

On June 7, 2022, a graduation ceremony at the NYK-TDG Maritime Academy (NTMA), a merchant marine university jointly operated by NYK and the Transnational Diversified Group (TDG) near Manila, Philippines, was held for the first time since 2019 before the outbreak of COVID-19.NYK President Hitoshi Nagasawa, Senior Managing Executive Officer Tomoyuki Koyama, and TDG Chairman J. Roberto C. Delgado, in addition to invited guests of honor that included Kazuhiko Koshikawa, ambassador extraordinary and plenipotentiary of Japan to the Republic of the Philippines, and Vice-Admiral Robert A.

Japanese shipping firm NYK plans to send 110 employees in total by September 11 to help with the clean-up at the area where the NYK-chartered Crimson Polaris wood-chip carrier ran aground earlier this month, dropping cargo and spilling oil into the sea as the hull of the vessel split in two.NYK said Tuesday it would make a total of 11 dispatches of 10 employees each by September 11 to assist with the area clean-up."As the charterer of the vessel, NYK has sent company personnel to the site to assist with the clean-up of the cargo and other debris that has washed ashore.

Japanese shipping firm NYK has sent ten employees to assist with the area clean-up after the NYK-chartered Crimson Polaris wood-chip carrier last week grounded and split up off the coast of Hachinohe, Japan, spilling oil into the sea.The 2008-built wood-chip carrier that ran aground off Japan last Thursday carried about 1,550 MT of heavy oil and about 130 MT of diesel oil for fuel at the time of the grounding.The 199.9-meter vessel, chartered by NYK from MI-DAS Line split into two pieces and began spilling oil on August 12 at 4:15 a.m.NYK…

The Crimson Polaris wood-chip carrier that ran aground and split up off Japan Thursday, spilling oil into the ocean, carried about 1,550 MT of heavy oil and about 130 MT of diesel oil for fuel at the time of the grounding, NYK, the charterer of the ship, said Friday.As previously reported, the 199.9-meter vessel, chartered by NYK from MI-DAS Line ran aground off Hachinohe on August 11. On August 12 at 4:15 a.m. the vessel’s hull split into two pieces and began spilling oil. "We are continuing our efforts to control the oil spill and monitor the split hull [...] As of August 11…

Crimson Polaris / Credit: Japanese Coast GuardPanama-flagged Crimson Polaris wood-chip carrier ran aground off Hachinohe in Aomori prefecture at around 7:35 am (JST) on August 11, after being swept away by a strong wind while anchored, NYK, the charterer of the vessel, said.The hull of the 199-meter vessel then split in two at 4:15 am on August 12, and oil from the vessel has spilled into the ocean. The amount is currently under investigation, NYK said.The split hull is about 4 kilometers offshore…

A naming ceremony was held for Japan’s first liquefied natural gas (LNG) bunkering vessel at Kawasaki Heavy Industries' Sakaide Works shipyard, on Wednesday.The ship, named Kaguyais, the first LNG bunkering vessel to be operated in Japan. Kaguya will be operated by Central LNG Marine Fuel Japan Corporation and will be based at JERA's Kawagoe Thermal Power Station. Kaguya will begin supplying LNG fuel to ships in the Chubu region in October or later this year using ship-to-ship bunkering.The 81.7-meter-long vessel was named by Yukikazu Myochin, President of Kawasaki Kisen Kaisha, Ltd.

On August 7, 20 NYK executive officers and a group of six vessel captains and chief engineers held a meeting at NYK headquarters in Tokyo to openly exchange opinions about the safe operation of vessels that the NYK Group is managing and operating.This meeting is part of NYK’s two-month Remember Naka-no-Se safety campaign,* and is chaired by NYK president Hitoshi Nagasawa, who oversees NYK’s Safety and Environmental Management Committee** so that top management can exchange opinions…

Three shipowners and ship-management companies  were  recognized by Japanese logistic major Nippon Yusen (NYK) for their original and effective implementation of measures to stimulate further safety awareness and encourage a sense of ownership among crew members.NYK held a “Brush Up on Safety Awareness” competition on July 2 and Taiheiyo Kisen Kaisha Ltd., Wilhelmsen Ship Management Sdn. Bhd., and NYK LNG Shipmanagement Ltd were recognized, said a release.Held annually since 2017, this competition is part of the Remember Naka-no-Se safety campaign, which draws on the lessons learnt from the Diamond Grace oil spill in July 1997 to encourage…

Hitoshi Nagasawa, the new president of Japanese shipping giant Nippon Yusen (NYK), made his inaugural speech to the NYK Group staff members at the company’s head office in Tokyo.He began his speech quoting the famous Japanese entrepreneur Konosuke Matsushita, who said: “Companies are a public entity of society.”This means that companies perform the work required by society and also function to create a society suited for the next era. "With this in mind, let me mention the three important points to which I want the Group to give careful attention," Nagasawa said."The first is to be of need to society," he emphasized on Corporate social responsibility (CSR).

On March 29, a naming ceremony was held at Geoje Shipyard of Samsung Heavy Industries Co., Ltd. in Korea, for new liquefied natural gas (LNG) carrier that NYK has concluded a long time-charter contract with Mitsui & Co. Ltd. At the ceremony, the ship was named “Marvel Falcon” by Mr. Tatsuo Yasunaga, president and chief executive officer of Mitsui & Co., Ltd. and the ceremonial rope holding the vessel in place was cut by Mr. Yasunaga’s wife. From NYK, Hitoshi Nagasawa, Representative Director, Senior Managing Corporate Officer attended. The ship is the first ship of the series for the Mitsui & Co. Cameron LNG project, and after the delivery on April 16…

ENGIE, Mitsubishi Corporation and NYK Line have launched Gas4Sea, a new brand for their joint marketing of liquefied natural gas (LNG) as a marine fuel around the world. Gas4Sea aims to lead innovation through the ship-to-ship supply of LNG for the maritime sector. In 2014, ENGIE, Mitsubishi Corporation and NYK concluded a framework agreement for a partnership to develop LNG bunkering services. By combining NYK’s shipping expertise with ENGIE and Mitsubishi Corporation’s LNG supply portfolio and terminal access under the brand Gas4Sea, the partners will offer a cleaner, reliable, safe and cost-effective service to shipping customers worldwide. Through their experience in their respective businesses, they will be able to tailor their LNG supply chains to the customers’ needs.

Knutsen NYK Offshore Tankers AS (KNOT) name their new tankship 'Ingrid Knutsen' in a ceremony in Hyundai Heavy Industries' shipyard. The ceremony was attended by KNOT president Trygve Seglem, NYK senior managing corporate officer Hitoshi Nagasawa, and NYK corporate officer Svein Steimler, among others. The 112,000 dwt shuttle tanker, which is equipped with a class II dynamic positioning system and a bow-loading system, was named Ingrid Knutsen, and will be used to transport North Sea crude oil to shore.

Nippon Yusen K.K., the largest Japanese shipping line, reportedly plans to order 20 new liquefied natural gas (LNG) tankers by 2010 and use five or six tankers for spot contracts, a change in strategy that may bring higher returns. The company will fund the purchase of 15 of the ships jointly with customers with whom it has long-term contracts, said Hitoshi Nagasawa, head of Nippon Yusen's LNG group. It may use new or existing ships for the spot market and will be the sole owner of those ships.