Nippon Yusen Kaisha News

04 Mar 2019

NYK Bags Environment Award

Photo: NYK

Tokyo-headquartered shipping and logistics company Nippon Yusen Kaisha (NYK) has received the Ministry of Environment Award in the Japan Green Innovation Department at the Japan Green Bond Awards sponsored by Japan’s Ministry of the Environment, which is promoting green bond to address environmental issues.A ceremony was held on March 1 and attended by Katsuya Nakano, general manager of NYK’s Finance Group, said a release from the global transportation company.The Japan Green Bond Awards recognize outstanding initiatives in the issuance of green bonds…

01 Feb 2019

Shipbuilding: ONE Grus Delivered

Photo: ONE

Ocean Network Express Pte. Ltd. (ONE) has announced that ONE Grus, with a carrying capacity of 14,000 TEU, has been successfully delivered at Kure Shipyard of Japan Marine United Corporation. The sublet owner is Nippon Yusen Kaisha. This is ONE’s first delivery this year, and the 5th newly built 14,000 TEU magenta containership, after ONE Columba (delivery date on November 16th, 2018). It is equipped with outstanding safety and environmentally-friendly capabilities such as structural arrest technology and highly efficient welding technology.

20 Dec 2018

PSA, ONE Launch Container Terminal in Singapore

Pic: Ocean Network Express

The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture  company  based at Pasir  Panjang Terminal in Singapore.Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling  capacity of 4 million TEUs, said a press release from the global container shipping company headquartered in Singapore.Pasir Panjang Terminal…

14 Dec 2018

LPG Carrier "Laurel Prime" Christened at MHI

Laurel Prime  (Photo: Mitsubishi Shipbuilding)

Mitsubishi Shipbuilding Co.held a christening ceremony for a liquefied petroleum gas (LPG) carrier currently under construction for Astomos Energy Corporation. The christening ceremony was held at the Koyagi Plant of MHI's Nagasaki Shipyard & Machinery Works for the ship named “Laurel Prime” by Seiya Araki, president of Astomos Energy Corporation.NYK has traditionally given LPG carriers two-word names that begin with the letters “L” and “P” respectively. This ship was named Laurel Prime with the wish that it will represent superior achievement and honor…

03 Dec 2018

NYK Launches Ship-management Platform NiBiKi

At ribbon cutting ceremony Center, Hidetoshi Maruyama, NYK Senior Managing Corporate Officer Left, Tomoyuki Koyama, NYK Managing Corporate Officer. Photo: NYK Line

Japenese shipping company Nippon Yusen Kaisha (NYK) has announced the launch of its new ship management platform ‘NiBiKi’, which is expected to reduce complications for crew members.The  new platform NiBiKi is useful for the onboard crew helping them to work comfortably and concentrate on ship operations, said a press release from the company.The data will be shared with five ship-management companies* overseeing about 260 vessels to realize further safety, it said.In accordance with the Safety Management System (SMS) manual…

16 Nov 2018

ONE Delivers 14,000-TEU Containership

Photo courtesy of ONE

Ocean Network Express Pte. Ltd. (“ONE”) is has announced that ONE Columbia, with a carrying capacity of 14,000 TEU, has been successfully delivered at Kure Shipyard of Japan Marine United Corporation. The sublet owner is Nippon Yusen Kaisha. This is ONE’s 4th newly built 14,000TEU magenta containership delivered this year, after ONE Stork (delivery date on 12th June 2018), ONE Minato (26th July 2018), and ONE Aquila (7th September 2018). Currently, 3 more vessels in ONE’s order book are in the construction process and expected delivery is in 2019.ONE Columbia…

26 Oct 2018

GTT to Design Tanks for NYK's New LNG Carrier

GTT said it has received an order notification from South Korean shipbuilder Samsung Heavy Industries (SHI) for the tanks design of a liquefied natural gas (LNG) carrier on behalf of the Japanese ship-owner Nippon Yusen Kaisha (NYK).GTT's Mark III Flex membrane containment system has been selected to equip the LNGC, offering a capacity of 174,000 m3. The vessel's delivery is scheduled for Q1 2021.

10 Sep 2018

14,000-TEU ONE Aquila Delivered

The newly built containership ONE Aquila was delivered in Hiroshima, Japan (Photo: ONE)

Ocean Network Express Pte. Ltd. (ONE) announced it has taken delivery of the 14,00 TEU capacity ONE Aquila at Japan Marine United Corporation’s Kure Shipyard in Hiroshima.

10 Aug 2018

NYK to Test Autonomous Boxship

Image: Nippon Yusen Kaisha (NYK)

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…

18 May 2018

NYK Line's Green Bonds Terms and Conditions Determined

Image: NYK Line

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.

06 Apr 2018

NYK, Oyak to Build Car Terminal in Turkey

Image of Terminal at Completion by NYK Line

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.

02 Mar 2018

Cargo Ships Slow Transits to Curb Emissions, Protect Whales

© Jeremy Francis / Adobe Stock

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)…

27 Dec 2017

Driver-less Ships: Autonomy in the Maritime Sector

 “Phase 1” to “2”: Rolls-Royce’s remote monitoring facility at Longva, near Aalesund. Photo: William Stoichevski

In a show of prototypes, a pod of unmanned sailboats from around the world competes to cross “The Atlantic” test tank in Horten, Norway. Cross the real ocean, and the Sail Bots race similarly challenges scholarly robotic-vessel designers to North America for a bit of station-keeping, collision-avoidance and “cargo moves”. For all, the future seems bright — the first commercial runs of unmanned vessels are underway or scheduled worldwide. These earliest movers have the support of governments, Google and grateful clients.

15 Sep 2017

Toyota Backs Japanese $1.8 Bln LNG Vessel Order

Image: Kawasaki Kisen Kaisha (K Line)

Japanese car manufacturer Toyota Motor Corporation is turning to LNG-powered ships to transport its cars across the globe, according to a report from Japanese daily Nikkei. The company has backed an investment in up to 20 LNG-powered car carriers with the capacity to carry 7,000 vehicles each, as it  is preparing for the environmental regulations that will go into force in 2020. Nippon Yusen Kaisha (NYK), Kawasaki Kisen Kaisha (K Line) and Toyota’s Toyofuji Shipping are expected to be in the running for the contract, which is estimated to be approximately $1.83 billion.

14 Sep 2017

THE Alliance Sets $50 Mln Insolvency Contingency Fund

(File photo: Hapag-Lloyd)

Remarks from Federal Maritime Commissioner William P. Doyle at the FTR Transportation Conference 2017, Indianapolis, Ind. On September 13, 2017, I voted to expedite the Commission’s decision and support THE Alliance’s amendment authorizing creation of a contingency trust fund designed to protect customers’ cargo and the ocean transportation chain should one of THE Alliance’s carriers experience financial distress or an insolvency event. I support the goal behind this amendment: the smooth and continuous flow of cargo even in the face of another ocean carrier bankruptcy or catastrophic failure.

29 Aug 2017

New Study Looks at LNG Bunkering for Car Carriers

© John Wollwerth / Adobe Stock

To help promote liquefied natural gas (LNG) bunkering in Asia, the Maritime and Port Authority of Singapore (MPA) and the Ports and Harbors Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT) will helm a working group to conduct a feasibility study on LNG bunkering for car carriers plying between Japan and Singapore. This working group will include Japan’s big three shippers – Kawasaki Kisen Kaisha (K Line), Nippon Yusen Kaisha (NYK) and Mitsui O.S.K. Lines (MOL).

28 Aug 2017

Singapore, Japan Feasibility Study LNG-Fuelled Car Carriers

Singapore's Coordinating Minister for Infrastructure & Minister for Transport, Mr Khaw Boon Wan, met Minister Keiichi Ishii, Minister of Land, Infrastructure, Transport and Tourism (MLIT), Japan on 28 August 2017. Photo: Maritime and Port Authority of Singapore

To promote LNG bunkering in Asia, the Maritime and Port Authority of Singapore (MPA) and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT) will helm a working group to conduct a feasibility study on LNG bunkering for car carriers plying between Japan and Singapore. This working group will include Japan’s big three shippers – Kawasaki Kisen Kaisha (K Line), Nippon Yusen Kaisha (NYK) and Mitsui O.S.K. Lines (MOL). The study…

10 Jul 2017

Jeremy Nixon is CEO of ONE Ocean Network

Photo: Mitsui O.S.K. Lines

The management of the new company,  Ocean Network Express Holdings (ONE) -  the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled. The existing NYK Line chief executive Jeremy Nixon named as the chief executive of ONE. Nixon has been chief executive of NYK’s liner division since 2012, and moved to Singapore two years before that to head its South Asia operation. The holding company with ultimate governance of ONE will remain in Tokyo…

03 May 2017

U.S. FMC Unanimously Rejects Proposed Tripartite Pact

U.S. Federal Maritime Commissioner William P. Doyle

U.S. Federal Maritime Commissioner William P. Yesterday, I voted to reject the Tripartite Agreement proposed by Kawasaki Kisen Kaisha, Ltd. (K Line); Mitsui O.S.K. Lines Ltd. (MOL); and Nippon Yusen Kaisha (NYK). This agreement was unanimously rejected by the Commissioners on the Federal Maritime Commission (FMC). This decision by the FMC in no way precludes the Japanese carriers from merging their container trade business units into a single stand-alone company. Rather, the vote…

26 Mar 2017

Singapore Approves Japan Shipping JV

Photo: Kawasaki Kisen Kaisha

The Competition Commission of Singapore (CCS) has given the nod to a proposed joint venture between three Japanese shipping lines. Japan’s big three shipping groups, Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK),  announced last year an integration of their container shipping business with the establishment of a joint venture by 1 July 2017 and the commencement of joint servce from 1 April 2018. Under the JV, the Parties will merge their container liner shipping business, and their container terminal services businesses outside Japan.

10 Mar 2017

THE Alliance Draws Up Financial Plans

File photo: Hapag-Lloyd

The members of THE Alliance announced a contingency plan in the event a member of THE Alliance suffers a bankruptcy. The five member lines Hapag Lloyd, K Line, Mitsui OSK Lines, Nippon Yusen Kaisha and Yang Ming will establish an independent trustee to manage funds to be used in the case there is insolvency within the group. It is envisioned that the fund will be used to continue alliance operations in the event of insolvency of one or more member lines. The independent trust…

05 Mar 2017

Container Lines to Cut Terminal Cost in China

Pic: Cosco

Eleven container liner transportation companies have promised to cut or standardize the Terminal Handling Charges (THC) in order to lower nearly 3.5 billion yuan burden of export enterprises each year, according to National Development and Reform Commission (NDRC). According to a report in Shanghai Daily, the shipping companies include  China COSCO Shipping Cooperation, Maersk line, Mediterranean shipping, Hapag-Lloyd AG, Evergreen Marine, Hyundai Merchant Marine, Nippon Yusen Kaisha, Mitsui OSK Lines, Sinotrans Shipping.

30 Dec 2016

The Top 10 Ships of 2016

Maritime Reporter & Engineering News (www.marinelink.com), published since 1939, annually publishes details on the world’s “Great Ships of the Year.” Of the 18 selected as “Great Ships of 2016,” here we rank the Top 10 Ships of 2016, according to the editors of Maritime Reporter & Engineering News. Why: Second in series of the world’s first LNG powered containerships. Shipyard: Philly Shipyard Inc. Owner  Reliance Industries Ltd. Owner: Arctia Icebreaking Ltd.

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

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