Senior Managing News

NYK received the grand award at Data Management 2024 hosted by the Japan Data Management Consortium (JDMC) on March 8.JDMC established the Data Management Award in 2014 to publicize data management's role and importance and share pioneering know-how.NYK has been developing and utilizing data lakes - a data management system for data utilization and analysis. They are suitable for collecting and storing vast amounts of data, regardless of the format or scale of the data to be stored.NYK…

Mitsui O.S.K. Lines (MOL) has been selected by Gaz-System as the preferred shipowner to time charter out a floating storage and regasification unit (FSRU) for the planned LNG import terminal in the Gulf of Gdańsk in Poland.Polish gas transmission system operator Gaz-System is the project developer and operator behind the future LNG terminal.This is Poland's first such FSRU and is a strategically important piece of energy infrastructure which will enhance the country's energy security.The FSRU is expected to be berthed at a mooring platform approximately 3km from the shore…

Japan-based Mitsui O.S.K. Lines, (MOL)  and Taiwan-based Ta Tong Marine Co. have through their joint venture Ta San Shang Marine Co. Ltd. (TSSM), signed a deal with the Dutch shipbuilder Damen Shipyards for the construction of a new service operation vessel (SOV).As TSSM's second Taiwan-flagged SOV, following Asia's first, the TSS Pioneer, which was delivered in 2022, the vessel is scheduled for delivery at the end of 2025 in Vietnam. The new CSOV, which will be methanol-ready will support offshore wind farms in Taiwan…

Kawasaki Kisen Kaisha (“K” LINE) has chosen Navtor’s NavFleet solution to support its 24/7 global fleet monitoring and support system.Once operational, the facility will help the Japanese maritime logistics company enhance the safety, efficiency and sustainable performance of its inhouse managed fleet. NavFleet will seamlessly connect vessels, crews and onshore teams and provide real-time monitoring and operational insights.“NavFleet builds a bridge between ships and shore,” explains Tor A. Svanes, CEO Navtor.

Market drivers have created a significant opportunity for Wallem to grow a specialised area of business, according to Capt. Anurag Mathur, Managing Director, Commercial Services, Wallem Group.Wallem’s portfolio of commercial services is ideally placed for expansion across a full range of vessel types, according to the executive appointed to drive for growth in January 2023. And Capt. Anurag Mathur, whose previous roles include senior managing directorships at leading ship owning and ship management companies…

German container shipping company Hapag-Lloyd announced Joerg Sonne will become Senior Managing Director Region North Europe, succeeding Martin Rolf, who will take over the position of Managing Director Human Resources.Sonne joined Hapag-Lloyd as a result of the merger with UASC and successfully led Area Arabian Gulf from 2017 to 2022. For the last eight months, he has served as Managing Director Area Germany & Central Europe. He will be based in Hapag-Lloyd’s headquarters in Hamburg.“In recent years…

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…

The United States is on track to become the world's biggest exporter of liquefied natural gas (LNG) this year - ahead of current market leader Australia - once a fire-idled Texas plant is restarted, according to Reuters data.A June fire sidelined Freeport LNG, the second biggest U.S. export facility, and cut U.S. exports of the fuel by about 2 billion cubic feet per day (bcfd). That outage dropped the United States behind top exporter Australia as global demand for the fuel boomed.In 2022, U.S. exports of natural gas as LNG rose 8% to 10.6 bcfd, just shy of Australia's 10.7 bcfd.

On September 16, a naming ceremony was held at Sakaide Works of Kawasaki Heavy Industries Ltd. for a new VLGC (very large gas carrier) that NYK will charter to Astomos Energy Corporation, the world's pre-eminent liquefied petroleum gas (LPG) company.At the ceremony, the ship was named Lantana Planet by Mitsuru Yamanaka, executive vice president of Astomos Energy Corporation, and the ceremonial rope holding the vessel in place was cut by his wife. NYK senior managing executive…

Coatings manufacturer AkzoNobel announced that Gregoire Poux-Guillaume will become the company’s new chief executive officer (CEO) as of November 1, 2022. He will succeed Thierry Vanlancker, who has been CEO and member of the board of management since 2017, and whose term of office is coming to an end.Poux-Guillaume, a French national, is an international business leader with 25 years of experience. Previous roles include CEO of Sulzer, CEO of GE Grid Solutions (previously Alstom…

KVH Industries, Inc., announced that its Board of Directors has appointed Brent C. Bruun as President and Chief Executive Officer and a member of the Board. The Board also appointed two seasoned industry executives, David Kagan and David Tolley, as directors of KVH.Bruun first joined KVH in 2008 and has served as KVH’s Interim President and Chief Executive Officer since March 2022. He also served as Chief Operating Officer of KVH beginning in 2016, as well as Interim Chief Financial Officer of the Company.

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.

The Fujairah Oil Terminal is investing an estimated $45 million to upgrade the infrastructure at its storage facilities, betting on a surge in crude trading and storage demand at the United Arab Emirates oil hub, the company's chairman told Reuters.FOT's expansion, financed by a new $280 million debt facility, will connect its terminal to the Port of Fujairah's very large crude carrier (VLCC) loading facility and the Abu Dhabi Crude Oil Pipeline (ADCOP) pipeline, said Steve Bickerton…

Japanese shipping giant Mitsui O.S.K. Lines (MOL) and its dry bulk subsidiary MOL Drybulk have signed a memorandum of understanding with steelmaker Tata Steel to develop and deploy an environmentally friendly bulk carrier.MOL will partner with Tata Steel on this innovative project to reduce greenhouse gas emissions in its supply chain.Peeyush Gupta, Vice President, Supply Chain, Tata Steel, said: "The objective of the agreement is to reduce greenhouse gas (GHG) emissions in the ocean transportation of raw materials for production of steel.

Japanese shipping company Mitsui OSK Lines (MOL) said on Wednesday it will accelerate efforts to build a global supply chain of cleaner marine energy using fuels such as hydrogen and ammonia as the world heads toward carbon neutrality by 2050."Decarbonizing ship fuel is one of our main goals," Kenta Matsuzaka, senior managing executive officer at MOL, told a news conference."We also want to contribute to global decarbonization by making use of our experience and expertise in building and owning liquefied natural gas (LNG) fuel supply vessels to create supply chains of hydrogen and ammonia…

Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) and Ship Data Center Co., Ltd. (ShipDC) have agreed to share the data of about 180 MOL’s ships in operation targeted for MOL’s Fleet Optimal Control Unified System (FOCUS) Project through Internet of Ships Open Platform (IoS-OP), the ship IoT data sharing platform promoted by ShipDC.By analyzing the data collected by more than 10,000 sensing items from vessels, engines, cargoes, sea weather and so on at a high frequency (one-minute intervals)…

U.S. investment company EnTrust Global, already a player in shipping finance, aims to buy ships that generate lower emissions, an executive said, the latest sign of efforts in the shipping industry to go green.Global shipping accounts for nearly 3% of the world’s CO2 emissions, putting the industry under pressure to clean up. About 90% of world trade is transported by sea.New York-based EnTrust, which has $18.9 billion in assets, lends to the shipping sector through its Blue Ocean Funds.

Alternative asset management firm EnTrust Global said Wednesday that it has completed fundraising for its EnTrust Global Blue Ocean Funds for investment in the global maritime industry. The Funds closed at $2.1 billion after raising $925 million since April of 2020.Part of EnTrust Global’s private debt and real asset division, the Blue Ocean Funds engage in direct lending and similar financing opportunities to vessel owners and operators and other maritime businesses.“We continue to see strong demand for our debt capital solutions from clients around the world…

German international shipping and container transportation company Hapag-Lloyd AG has opened a new Quality Service Center (QSC) in Mauritius. The QSC will explicitly serve Africa, one of Hapag-Lloyd's fastest growing markets.Quality Service Centers are an important cornerstone of Hapag-Lloyd´s Strategy 2023. They gather selected functions from different Areas under one roof, enabling synergies and delivering on the Quality Promises towards the customers.Hapag-Lloyd has already established several QSCs around the world - in Atlanta (USA), Suzhou (China), Kuala Lumpur (Malaysia), Mumbai (India), Bogota (Colombia), Viña del Mar (Chile) and Santos (Brazil).“Mauritius was chosen because the island provides a modern infrastructure…

In its storied 135-year history of NYK, Akihiro Mori now holds a distinguished place in the company, as effective April 1, 2020, Mori becomes the first internally trained seafarer promoted to captain.The story is an important one for the maritime industry as a whole, as the plight of the seafarer and the ongoing quest to find and groom the ‘next generation’ is universally shared in 2020.In fiscal 2006, NYK became the first shipping company in Japan to hire graduates from ordinary…

Cargo container shipping line Hapag-Lloyd has is to split its European operations into northern and southern regions. The company said the move was part of its strategy to remain closely connected with international clients. After the reorganization, Hapag-Lloyd will serve its customers from a total of six regions.The new Region South Europe will be headquartered in Genoa, Italy to reinforce the company’s activities in the Mediterranean region. Juan Pablo Richards, previously manager of the company’s operations in Area Brazil…

German cargo container shipping line, Hapag-Lloyd AG, officially opened its headquarter for the new region.CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards.During the opening event, Habben Jansen explained the motivation to create a new region: “After our merger with UASC in 2017 the Mediterranean region has gained more importance for us. That's why we are eager to bolster our competitive position in this attractive and growing market and exploit further opportunities.”The new region was created by splitting the former Region Europe into northern and southern parts.

German-based cargo container shipping line, Hapag-Lloyd AG expects Indian container market to grow further and it launches two new services."In response to growing demand, Hapag-Lloyd will offer more services from and to India. Two new services, the South East India - Europe Express (IEX) and the Middle East-India-Africa Express (MIAX), will enter into operation in October," the shipper said.Both the IEX and the MIAX will further strengthen and optimize Hapag-Lloyd’s market-leading position in India and connect the country even more closely to North Europe and Africa.“We believe in serving the needs of all Indian customers. To do that…