Nippon Yusen News

05 Feb 2020

NYK Orders 2nd LNG-Fueled PCTC

Image: NYK

Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) has placed an order to build a second LNG-fueled pure car and truck carrier (PCTC) with Shin Kurushima Dockyard Co.The shipbuilding contract was signed at NYK’s head office on January 31. The vessel is scheduled to be delivered in 2022 and will become NYK’s second LNG-fueled PCTC."With this new vessel, NYK will be able to provide more customers with a low-carbon transportation mode, and the company will continue its efforts to reduce its environmental load and contribute to the realization of a sustainable society…

29 Jan 2020

NYK Completes 100th LNG Bunkering Ops

Image: NYK Group

Japan's first LNG-fueled vessel, the tugboat Sakigake, on January 23 was supplied with LNG as fuel for the 100th time since the tugboat’s delivery in 2015.The vessel is owned by Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) and operated by Shin-Nippon Kaiyosha, an NYK Group company.The LNG bunkering was conducted safely and efficiently from a tank truck at the No. 5 quay of Shinko, Yokohama, said a press release from the Tokyo-headquartered global logistics enterprise."NYK…

13 Jan 2020

Steel Cut for UECC Hybrid PCTC

Top: Artistic impression of the vessels, Bottom: Front left to right; Boris Bondarenko/DNV-GL, Glenn Edvardsen/UECC, Mr. Huang/Jiangnan Shipyard Group and Carl Fagergren/UECC. Photos: UECC

Norway-based provider of shortsea RoRo transportation United European Car Carriers (UECC)  held a steel cutting ceremony for its first newbuild pure car truck carrier (PCTC) on order with China Ship Building Trading and Jiangnan Shipyard Group.Representatives from UECC, NYK, Japan Marine Science, MUFG Bank, DNV-GL, SDARI, CSSC and CSTC gathered at the Jiangnan Shipyard in in Shanghai on the 8th of January 2020 to witness and celebrate the steel cutting ceremony for UECC’s first Battery Hybrid LNG Powered PCTC.Earlier…

25 Dec 2019

Louisiana LNG Unit Starts Production

Image: McDermott International, Inc.

Train 2 of the Cameron LNG project in Hackberry, Louisiana, has begun producing liquefied natural gas (LNG), announced McDermott International and its joint venture partner, Chiyoda International Corporation, a U.S.-based wholly-owned subsidiary of Chiyoda Corporation, Japan.While production is in the initial phases, this significant project accomplishment is a precursor to substantial completion of Train 2."This accomplishment is attributable to the entire team's unwavering commitment…

25 Dec 2019

NYK Provides Free Transport for Ginkgo Saplings

The ceremony for receiving the saplings was held at the Hiroshima Botanical Garden in Japan. Photo: NYK

Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) Group has provided support to a project being conducted by maritime volunteers in the town of Pembroke, which is south of Wales, to return ginkgo saplings linked to Admiral Togo, one of Japan’s greatest naval heroes.Yusen Logistics Co. Ltd. has provided free transport from Britain, and a ceremony for receiving the saplings was held at the Hiroshima Botanical Garden in Japan on December 24.In the 1870s, the Japanese government donated the ginkgo tree to Britain…

25 Dec 2019

World's First: Japanese Trio Intros LNG-fueled LCC

Images by: Oshima Shipbuilding and Namura Shipbuilding

Japanese shipping companies Nippon Yusen Kabushiki Kaisha (NYK) and Mitsui O.S.K. Lines (MOL) have signed long-term transport agreements with compatriot energy company Kyushu Electric Power (Kyuden) for LNG-fueled large coal carriers (LCC).According to a joint press release, the vessels are expected to become the world’s first LNG-fueled large coal carriers, under the operation of NYK and MOL, to import coal to Kyuden’s coal-fired power plants.The use of LNG fuel is expected to virtually eliminate sulfur oxides (SOx) emission and reduce approximately 80% of nitrogen oxides (NOx) emission…

13 Dec 2019

Japanese Partners Buy into Sepetiba FPSO

(File photo: SBM Offshore)

Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) have purchased minority interests in the lease and operation of a newbuild floating production, storage and offloading unity (FPSO) from majority owner SBM Offshore. FPSO Sepetiba, formerly known as Mero 2, is currently under construction and will be leased for 22.5 years to Petrobras for deployment at the Mero field in the Santos Basin offshore Brazil. MC acquired 20% and NYK acquired 15.5% ownership interest in the companies.

04 Dec 2019

NYK Joins DecarbonICE Project

Image: NYK Line

Japanese shipping giant Nippon Yusen Kaisha (NYK Line) has joined the international DecarbonICE project that will be conducting a feasibility study to capture onboard carbon as dry ice and store it in seafloor sediments.The shipping industry is looking for carbon-free solutions to achieve the IMO 2050 target of a 50% CO2 emissions reduction (compared to the 2008 level). In response, new zero-carbon solutions are being developed around the globe, including alternative low-carbon…

27 Nov 2019

ClassNK Concludes CBM Research Agreement

File image / ClassNK

Classification Society ClassNK has concluded a joint research agreement for developing advanced condition-based maintenance (CBM), a new maintenance and management process for engine machinery plants, and establishing a new classification survey scheme based on CBM.In the joint research project, engine conditions will be continuously monitored and involve the real-time sharing of detailed data acquired from sources including SIMS2 developed by NYK Group and the newly installed sensors of large main engines.

21 Nov 2019

DIF to Invest in LNG Newbuild

Image: DIF Capital Partners

The infrastructure fund manager DIF Capital Partners has signed final documentation alongside ship-owner Geogas Maritime and Access Capital Partners for the acquisition of a 50% stake in a French incorporated company that will own and operate a fleet of five to-be-built LNG carriers.The remaining 50% will be held by Nippon Yusen Kabushiki Kaisha (NYK), a leading Japanese shipping and logistics company.The five 174,000 cbm vessels will be built by leading South Korean shipyards and equipped with state-of-the-art LNG fuelled propulsion technology…

10 Oct 2019

NYK to Improve Dry Bulk Fleet Safety

Pic: NYK

Japanese shipping company Nippon Yusen Kaisha (NYK) held its annual Dry Bulk Safety Conference at the company’s headquarters in Tokyo to share safety awareness and review trouble response for dry bulk vessels.A total of 75 participants from 41 Japanese shipowners and ship-management companies attended.The conference has been held every year since 2010 to promote safety through the exchange of ideas and the sharing of information about recent incidents with shipowners and ship…

09 Oct 2019

Ocean Network Express Unveils AOCTEL

A scene from stowage plan review meeting to share improvements and good practices. Pic: Ocean Network Express

Ocean Network Express (ONE), a Japanese container shipping company that is headquartered in Tokyo and Singapore, has announced the establishment of the Advanced Ocean Container Transportation Engineering Lab (AOCTEL), a stowage planning hub in Kumamoto, Japan.The office was founded by Kozo Keikaku Engineering Inc (KKE) for Nippon Yusen Kabushiki Kaisha five years ago. ONE entered into the service agreement with KKE in April 2018.After the integration and commencement of ONE’s operation…

05 Oct 2019

Methanol-Fueled Chem Tanker Delivered to NYK

Built in South Korea at Hyundai Mipo, Nippon Yusen Kaisha (NYK Group) has taken delivery of Takaroa Sun. Photo: NYK

Nippon Yusen Kaisha (NYK Group) has taken delivery of Takaroa Sun, a methanol carrier equipped with two-stroke dual-fuel engine tech that allows the vessel to be powered by methanol. Built in South Korea at Hyundai MIPO Dockyard, the new ship was funded through NYK’s green financing initiative established to support environment-friendly projects.Takaroa Sun was built with the MAN Energy Solutions second-generation B&W ME-LGIM two-stroke dual-fuel engine that runs on both methanol and conventional marine fuel.

03 Oct 2019

NYK Joins Green Vessel Coalition

Image: NYK

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has joined the Getting to Zero Coalition, a partnership among the Global Maritime Forum, the Friends of Ocean action, and the World Economic Forum that builds on the Call to Action in Support of Decarbonization launched and signed by more than 70 leaders from across the maritime industry and financial institutions.The Coalition is committed to getting commercially viable deep-sea zero-emission vessels powered by zero-emission fuels into operation by 2030 to realize the IMO’s ambition to reduce GHG emissions…

24 Sep 2019

MISC, NYK and Mitsubishi Partner for the LNG Canada Project

Logo: MISC

MISC Berhad (MISC) through its subsidiary have signed an agreement with Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK) to co-own two newbuild LNG vessels mainly for the LNG Canada project.Both LNG carriers have a capacity of 174,000 cubic meters (cbm) and are currently being built by Hyundai Samho Heavy Industries (HSHI). These vessels will feature state-of-the-art technologies including modern XDF propulsion and partial re-liquefaction facility for higher efficiencies…

02 Aug 2019

K-Line Guilty of 'cartel conduct'

File Image: a K Line coal Carrier (CREDIT: K Line)

Japanese shipping firm Kawasaki Kisen Kaisha Ltd (K-Line) was convicted of criminal cartel conduct and ordered to pay a A$34.5 million ($23.50 million) fine by a federal court, Australia's competition regulator said on Friday.K-Line’s fine is the largest ever criminal penalty imposed under the Competition and Consumer Act, according to the Australian Competition and Consumer Commission (ACCC).The company was found to have engaged in a cartel with other shipping companies in order to fix prices on the transportation of cars, trucks, and buses to Australia between 2009 and 2012, ACCC said.K-Line

16 Aug 2019

NYK Sponsors Sea Turtle Research

Participants. Photo: NYK

Japanese shipping giant Nippon Yusen Kaisha (NYK Line) said that it has started a new approach to track loggerhead sea turtles (listed on the IUCN Red List of Threatened Species) in the Kishu Minabe Sea Turtle Research Project sponsored by NYK and conducted by the NPO Earthwatch Japan.Earthwatch, a non-profit organization established in 1971 in Boston, is an international nongovernmental organization. It provides researchers with both human and financial support for overseas field research and surveys."This research project is conducted at Minabecho in Wakayama prefecture…

20 Aug 2019

Cameron LNG Begins Commercial Service

Image: Sempra Energy

North American energy infrastructure company Sempra Energy said that the first train of the Cameron liquefied natural gas (LNG) liquefaction export project in Louisiana has started commercial operations under Cameron's tolling agreements.Train 1 is part of Phase 1 of the Cameron LNG liquefaction export project which includes a projected export capacity of 12M metric tons/year of liquefied natural gas, or 1.7B cf/day of natural gas."This is an exciting moment for Cameron LNG and for Sempra Energy," said Carlos Ruiz Sacristan, chairman and CEO of Sempra North American Infrastructure.

17 Sep 2019

NYK in ESG Index for 17th Year in a Row

 Pic: NYK

Japan's shipping giant Nippon Yusen Kaisha (NYK) has been selected for the Dow Jones Sustainability Indices (DJSI), the world's leading investment indexes for ESG (environmental, social, and governance) criteria, for a 17th straight year.The DJSI, which is a major global index for companies engaging in ESG initiatives, is composed of selected sustainability-driven companies from over 3,500 worldwide companies invited to participate in a selection process consisting of an in-depth analysis of economic…

31 Aug 2019

NYK Signs LNG Vessel Order for Total TC

Pic: NYK

Japanese shipping gaint Nippon Yusen Kabushiki Kaisha (NYK) has signed a new long-term contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, a leading oil and energy company headquartered in France.The contract calls for TGPCL to charter from NYK a newly built liquefied natural gas (LNG) carrier that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021.The LNG carrier will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…

04 Sep 2019

NYK Celebrates O3 Challenge

Photo: NYK

The “Ocean of Opportunities Challenge”  (O3 Challenge), a worldwide contest aimed at creating new value through open innovation in the maritime industry, has been successfully celebrated by NYK Group.This was the second consecutive year for the challenge, which is planned and conducted by NYK Group companies Symphony Creative Solutions Pte. Ltd. (SCS) and Ocean Network Express Pte. Ltd. (ONE), together with NUS Enterprise.The contest began in February with ONE issuing six challenges related to its work processes.

05 Sep 2019

NYK Wins Seafarers Safety Award

Second from left, Tomoyuki Koyama, NYK managing corporate officer. Photo: NYK

Japanese shipping giant Nippon Yusen Kaisha (NYK Line) has been recognized with the 2019 Seafarers Safety Initiative Grand Prize awarded by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) for the company’s seafarer safety activities.The award recognizes NYK’s initiatives to prevent human accidents and utilize engine data.

31 Jul 2019

NYK Bulk Shipping Records Lower Profit

NYK Super Eco Ship 2050. Pic: NYK

Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) said that its bulk Shipping division recorded lower profit than previous year.In the first quarter of the fiscal year ending March 31, 2020 (April 1, 2019, to June 30, 2019), its revenues from the bulk shipping  amounted to 195.1 billion yen registering -11.3 decrease compared to the same period last year. The profit is down by -1.2 at 9.2 billion yen"Energy and Car transport is robust but lower dry bulk market due to production stoppage in Brazil and Western Australia…

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