MOL's PBCF Reduces 3-5% in Fuel Consumption
Mitsui O.S.K. Lines (MOL) announced that its jointly developed Propeller Boss Cap Fins (PBCF) received the 2017 Nikkei Global Environmental Technology Award, which is presented by Nikkei Inc. The PBCF, which is a device that improves propeller efficiency by breaking up the hub vortex generated behind the rotating propeller and offers an energy savings of around 3-5% compared to similar vessels not equipped with the PBCF, was co-developed by MOL, West Japan Fluid Engineering Laboratory Co., Ltd., and Nakashima Propeller Co., Ltd. (called Mikado Propeller Co., Ltd. at the time), and is being sold by MOL Techno-Trade, Ltd. The PBCF has been sold for more than 3,200 vessels all over the world since 1987, when it started sales of the conventional PBCF.
MHI Receives "Grand Prix" Award
Mitsubishi Heavy Industries, Ltd. (MHI) has received the Grand Prix at the Nikkei Annual Report Awards 2014 sponsored by Nikkei Inc. The Grand Prix is the top award to be given to the company most highly appreciated by judges. The award-winning publication is the "MHI REPORT 2014" released in October 2014, which marked the first time the company integrated the contents of its earlier "Annual Report" and "CSR Report." In its new format, "MHI REPORT 2014" was acclaimed by Nikkei for the compact and easily approachable manner in which it presents vital information. The annually presented Nikkei Annual Report Awards were inaugurated in 1998 to promote the further enhancement and more widespread publication of corporate annual reports.
