Kawasaki Kisen, 3 Others Set up LNG Bunkering Ventures
Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho, and Nippon Yusen KK said on Thursday they have agreed to launch a liquefied natural gas (LNG) bunkering business in Japan and have set up two joint ventures.The companies plan to start supplying marine traffic in the Chubu region in central Japan, they said in a statement.LNG has been promoted as an alternative to bunker fuel oil for shipping lines facing a 2020 deadline to meet new international standards on sulfur emissions.(Reporting by Osamu Tsukimori; editing by Richard Pullin)
NYK Line's Green Bonds Terms and Conditions Determined
Japan's Nippon Yusen Kaisha (NYK), the world's first shipping company to issue a labelled green bond, said that it has determined the below terms and conditions for the issuance of its 40th corporate debenture bonds, unsecured straight bonds. Bond name will be Nippon Yusen Kaisha 40th Issuance of Corporate Debenture Bonds (with inter-bond pari passu clause) and issue amount wil be 10 billion yen. The bond's maturity is 5 years. In April and early May, NYK announced its intention to issue green bonds and the efforts being made to ensure transparency.
ABS Classes Next Generation LNG Carrier
ABS has confirmed that the ABS-classed Diamond Gas Orchid, the world’s first "Sayaringo STaGE" next generation LNG carrier, has been delivered to Diamond LNG Shipping, a joint venture between Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK). Ordered by Diamond LNG Shipping through MI LNG Company, Ltd., constructed by Nagasaki-based Mitsubishi Heavy Industries Marine Structure Co., Ltd. and delivered by Mitsubishi Shipbuilding Co., Ltd., the innovative carrier introduces…
Tomoko Konishi Becomes First Woman Captain in NYK
A deck officer named Tomoko Konishi became the first woman in Nippon Yusen Kabushiki Kaisha (NYK)’s 132-year history to be promoted to the rank of captain.Konishi joined NYK in 2004 after she graduated from the National Institute of Technology, Toba College in Mie prefecture. Since then, she has worked aboard containerships, pure car and truck carriers and LNG carriers, among others, as a pioneering female officer.She has been active in a number of fields and has also used her onboard experiences in office work.In 2004…
Japan's First LNG Bunkering Vessel to Launch in 2020
Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho, and Nippon Yusen KK said on Friday that their joint venture has placed an order for a liquefied natural gas (LNG) bunkering vessel with Kawasaki Heavy Industries. The vessel, which is scheduled to be delivered around September-December 2020, will be the first LNG bunkering vessel to be operated in Japan, the companies said in a statement. The companies plan to start supplying LNG to vessels as fuel in the Chubu region in central Japan. LNG is seen as an alternative to bunker fuel oil for shipping lines facing a 2020 deadline to meet new international standards on sulphur emissions. Reporting by Osamu Tsukimori
Mitsubishi Shipbuilding Holds Christening for Next-Gen LNG Carrier
Mitsubishi Shipbuilding held the christening ceremony for a next-generation LNG (liquefied natural gas) carrier under construction for a joint venture of Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line). The ship, named "Diamond Gas Rose", is the second "Sayaringo STaGE" type vessel, Mitsubishi Shipbuilding's newest carrier that achieves significant improvements in both LNG carrying capacity and fuel performance through adoption of a more efficient hull structure and an innovative hybrid propulsion system.
NYK to Test Autonomous Boxship
Nippon Yusen Kaisha (NYK) and NYK Group companies MTI Co. Ltd., Keihin Dock Co. Ltd., and Japan Marine Science Inc. (JMS) have been selected by Japan's Ministry of Land, Infrastructure, Transportation and Tourism (MLIT) to participate in a demonstration project utilizing ship maneuvering support functions and remote control.By 2025, Japan is seeking to begin demonstrations for the practical implementation of autonomous ships.With the aim to pursue efficient, safe operations and reduce officer workload…
Hikawa Maru's Technological Links to Showa Era
Hikawa Maru, which is owned by Nippon Yusen Kabushiki Kaisha (NYK)x, has been recognized by the Japan Society of Naval Architects and Ocean Engineers (JASNAOE) as a cargo-passenger ship that conveys the story of maritime technology in the early Showa era.On July 20, a ceremony was held at Meiji Kinenkan in Tokyo, and Norio Kanaya, the 28th captain of Hikawa Maru, received the recognition.This honor was introduced last year by JASNAOE and is given to vessels that have historical…
NYK Group Celebrates Successful O3 Challenge
Symphony Creative Solutions (SCS) an NYK Group company, held a thank you party with Ocean Network Express (ONE) at ONE’s head office to celebrate a successful Ocean of Opportunities Challenge (O3 Challenge), a contest for startups that was conducted from April to June 2018.Partners including NUS Enterprise and the Maritime and Port Authority of Singapore (MPA) were in attendance, and the solutions of the three O3 Challenge winners were introduced.The O3 Challenge, a worldwide contest aimed at creating new value through open innovation in the maritime industry…
Shanghai NYK-ANJI Logistics Begins Operations
Shanghai NYK-ANJI Logistics - a joint venture operated by Nippon Yusen Kabushiki Kaisha (NYK), Yusen Logistics and ANJI Automotive Logistics (ANJI) - has begun service under a new name.NYK and Yusen Logistics will use this collaboration to begin efforts to expand their supply chain logistics, particularly in the areas of auto parts logistics and finished car logistics.Until recently, the company had been known as NYKANJI Car Transportation Co. Ltd., a joint venture founded in 2004 by ANJI (51%) and NYK (49%).Over the past decade, NYKANJI Car Transportation Co. Ltd.
NYK Line, Asahi Shipping Sign Contract with Kobe Steel
Nippon Yusen Kabushiki Kaisha (NYK Line) together with Asahi Shipping, has concluded a long-term contract with Kobe Steel for the transport of coal for up to 20 years aboard a newly built ship. After delivery of the new vessel from Oshima Shipbuilding in 2021, the ship will transport coal from locations outside Japan to mainly the city of Kobe. This ship will be equipped with a diesel engine compliant with a more stringent environmental regulation limiting nitrogen oxide (NOx) emissions — i.e.…
ONE’s First Magenta Newbuild Delivered
A naming ceremony was held Monday at Japan Marine United Corporation’s (JMU) Kure shipyard for the first newly built containership painted in Ocean Network Express' (ONE) corporate color.The new magenta box ship, named ONE Stork, is the 10th of 15 new 14,000 twenty-foot equivalent unit (TEU) vessels ordered by Nippon Yusen Kabushiki Kaisha (NYK). It will be chartered by Singapore-based ONE, which began operations on April 1 by integrating the container businesses of Japanese ocean carriers Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K.
NYK Cautions of Illegal Conducts in Chinese Subsidiary
Nippon Yusen Kabushiki Kaisha (NYK) said that it has discovered that there is a possibility that former locally hired management personnel in NYK Car Carrier (China), its consolidated subsidiary located in Shanghai. The China unit is engaged in finished car logistics business in China, had committed unlawful expenditure or embezzlement. The Company established an investigation committee (the Committee ) to investigat the aforementioned matter on February 5, 2018 (with Tadaaki Naito President Representative Director and President Corporate Officer as the Chairman of the Committee…
NYK Partners with KOSEN
Nippon Yusen Kabushiki Kaisha (NYK) and the National Institute of Technology (KOSEN) agreed to collaborate in the fields of education and public relations for the purpose of human resources development in the maritime industry and the promotion of maritime affairs awareness. NYK has a number of programs to educate the next generation of seafarers, and one of those programs facilitates international student-exchanges between students at KOSEN maritime schools and the NYK-TDG Maritime Academy, which NYK operates in the Philippines.
NYK, NTT, MTI Conclude Joint Test of Next Generation Onboard IoT Platform
Nippon Yusen Kabushiki Kaisha (NYK), MTI, Nippon Telegraph and Telephone Corporation (NTT), and NTT DATA Corporation have successfully conducted a proof-of-concept experiment for a next-generation onboard IoT platform. The test was held aboard Hidaka, a domestic coastal vessel owned and operated by Kinkai Yusen Kaisha of NYK Group. The NYK Group (NYK and MTI) previously developed a ship information management system (SIMS) that enables the gathering, monitoring, and sharing of detailed data between ship and shore, with the aim to promote safe, efficient operations.
Cargo Ships Slow Transits to Curb Emissions, Protect Whales
Partners in an initiative to cut air pollution and protect whales have announced results from the 2017 program and publicly recognized the 11 shipping companies who participated, reducing speeds to 12 knots or less in two regions. For the first time the program included speed reduction zones in the San Francisco Bay Area in addition to the Santa Barbara Channel region. The voluntary incentive program started July 1 and ended November 15, 2017. Automatic Identification System (AIS)…
NYK, JMU Develop Highly Efficient Propeller
Nippon Yusen Kabushiki Kaisha (NYK), MTI Co. Ltd., and Japan Marine United Corporation (JMU) have successfully developed a highly efficient propeller by analyzing the conditions surrounding vessel propellers in actual operation. This new propeller will be installed on two newly built containerships that will be delivered in 2019, and will achieve a 1.2 percent reduction in carbon dioxide (CO2) emissions by improving fuel efficiency. The propeller plays a major role in the propulsion of a ship…
NYK: Staying Ahead with Digitalization, Green
Nippon Yusen Kabushiki Kaisha ( NYK ) announced that NYK has formulated the new medium-term management plan “Staying Ahead 2022 with Digitalization and Green”. The new medium-term management plan states NYK’s corporate vision and management approach over the next five years from April 2018, which are designed to achieve sustainable growth by expeditiously adapting to thealtering business environment. The business environment surrounding NYK group is increasing its uncertainty as a consequence of today’s volatile shipping market condition…
NYK to Stay Ahead 2022 with Digitalization and Green
Nippon Yusen Kabushiki Kaisha (NYK) announced that NYK formulates the new medium-term management plan “Staying Ahead 2022 with Digitalization and Green”. The new mediumterm management plan states NYK’s corporate vision and management approach over the next five years from April 2018, which are designed to achieve sustainable growth by expeditiously adapting to the altering business environment. The business environment surrounding NYK group is increasing its uncertainty as a consequence of today’s volatile shipping market condition, rising geopolitical risk and rapid technological evolution.
Container Shipping: ONE Begins
Japan's Ocean Network Express (ONE) announced the commencement of container shipping businesses on April 1, 2018. ONE is the result of an integration of the container operations of three Japanese shipping carriers, namely, Kawasaki Kisen Kaisha, Ltd ("K" Line), Mitsui O.S.K. Lines, Ltd (MOL) and Nippon Yusen Kabushiki Kaisha (NYK). In April 2017, MOL, NYK and 'K' Line, started services as "THE Alliance" with other major domestic and foreign shipping companies. Ocean Network Express will continue to provide services as an alliance member.
ONE Stakeholders Announce Completion of Investment Payment
Japan's Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have announced the completion of payment for investment in their new joint venture in the container shipping business, Ocean Network Express Pte. Ltd. (ONE). The JV was established in July 2017, with service commencing on April 1, 2018 with a total investment of USD 3 billion. The JV will be offering 85 services, calling at over 200 ports in 100 countries. K Line and MOL each hold 31 pct stake in the JV, while NYK participates with 38 pct share.
Second Japanese Shipping Firm Admits to Cartel Conduct
Cartel conduct in cars transported to Australia from 2009-12-ACCC; Nippon Yusen was fined $20 mln in 2017 over cartel conduct. Kawasaki Kisen Kaisha (K-Line) has pleaded guilty to criminal cartel conduct in the transport of vehicles, Australia's competition regulator said on Thursday, the second Japanese shipping company to make such an admission. The conduct relates to the shipping of cars, trucks and buses to Australia between 2009 and 2012, according to the Australian Competition and Consumer Commision (ACCC).
NYK, Oyak to Build Car Terminal in Turkey
Turkey’s Oyak Group - owner of the country’s biggest steel producer, Erdemir Group - is to invest in a car logistics terminal in Yarimca port near Istanbul in partnership with Japan’s Nippon Yusen Kaisha (NYK Line). According to a Reuters report, the investment will be $110 million. According to NYK press release, Süleyman Savaş Erdem, general manager of OYAK, and Koichi Chikaraishi, NYK representative director and senior managing corporate officer, were on hand for the signing ceremony held in Istanbul on April 5.