• 2018 October 2 13:14

    NYK сelebrates its 133rd anniversary

    NYK president Tadaaki Naito marked the 133rd anniversary of NYK’s founding by addressing company employees at the NYK head office in Tokyo on October, the company said in its press release.

    A summary of his speech is provided below.

    Medium-term Management Plan

    Our group announced its medium-term management plan “Staying Ahead 2022 with Digitalization and Green” in March. The plan indicates that we will conduct portfolio management that flexibly revises the businesses operated by the group. In fact, the plan clearly states that we will liquefy assets in order to obtain the capital necessary to develop and transform our businesses. And to carry this out, we need to revise the entire group.

    To rephrase, we have reached a point where we have to use the internal reserves accumulated by our predecessors since the founding of the company to create a future for the group, and I am aware that how to best use these precious limited management resources is an extremely important issue.

    We will also actively work to forge ahead with “Digitalization and Green” initiatives, which will most definitely advance forward despite the “opaque world.” Technological progress is rapidly occurring, and it goes without saying that digital technology in particular is advancing by leaps and bounds. There is a need to utilize digital technology to streamline business management and reduce costs, and as a means to flexibly respond to changing customer needs. Our “Green” initiatives, which seek to reduce the burden on the environment, have three objectives. First is 100% compliance with stricter environmental regulations. Second is energy conservation. And third is the discovery of new business opportunities stemming from the changing environment.

    By working proactively instead of reactively, we must create a corporate structure that enables us to respond to the inevitable shift to a “green society.” I ask all of you to watch with a keen eye to identify the hints around you of how to best respond to the environment.

    Reestablishing Group Governance

    Reestablishing group governance is one of the most important challenges facing the group. In October 2016, Nippon Cargo Airlines received a warning from Japan’s Ministry of Land, Infrastructure, Transport and Tourism regarding deficient aircraft maintenance. The problem unfortunately repeated, and in July this year the ministry issued an administrative penalty. This was an extremely regrettable occurrence. It was thought that our compliance activities for antitrust and other laws were effectively being conducted companywide, and an awareness of legal compliance had been firmly established, but we learned that various other forces were at work on the gemba level. We were unable to keep pace with the changing times and increasing demands from society to ensure legal compliance, and I greatly regret that effective measures were not appropriately taken.

    In order to carry on executing the management strategy while responding to societal demands, it is important for groupwide governance to be functioning properly. Based on the awareness that maintaining social trust is an absolute requirement, I intend to reestablish reputable group governance.
    Creating New Value

    In the “opaque world” I mentioned earlier, we have reached the limits of the traditional business model. However, our group’s long history, we have faced numerous crises and difficulties and have continued to grow by adapting to new environments. For example, when Japanese car exports skyrocketed and there were limitations to transport using traditional cargo ships, we quickly grasped customers’ needs and began to operate car carriers, which enable rapid loading while reducing damage resulting from cargo operations. As one way to reduce damage to finished cars, which occasionally occurs during transport, we were the first company to propose counterclockwise loading. This initiative was highly regarded by customers and led to the expansion and development of our car carrier business.

    I feel that our group is currently facing a situation more challenging than anything it has faced in the past. If we continue to rely on outside forces under the belief that we will be OK continuing the current business as long as the market recovers, I feel the company will not survive.

    We will only be able to create a new era by questioning what we currently believe to be true, working from various perspectives to differentiate our service compared to competitors, and tenaciously executing the business. Now is our time to change a crisis into an opportunity.

    Let’s continue to stay half a step ahead by realizing creative innovations and working together to create new value.




2024 March 29

14:25 Chevron’s first hybrid electric fueling barge arrives in Singapore
13:40 HD KSOE and Infineon sign MoU to develop ship electrification technology
13:29 NYK and JMU formulate method for evaluating ship performance in actual seas
12:59 HD Hyundai wins US$463 mln warship order in Peru
12:09 COSCO SHIPPING Ports throughput up by 4.4% YoY to 135,808,554 TEU in 2023
11:46 The "Ane Maersk" calls at the Eurogate container terminal in Hamburg for the first time on its maiden voyage from Asia to Europe
11:20 Sallaum Lines and Fujian Mawei Shipbuilding commence construction of Ocean Class vessels
10:43 Oasis Marine develops solutions for offshore hydrogen bunkering
10:03 Petrofac secures contract extension with ONEgas West in the UK market

2024 March 28

18:05 Jan De Nul, ENGIE and Equans launch a pilot project centred around the use of Vanadium Redox Flow batteries
17:35 Latvian port equipment manufacturer Bleste introduces new bulk handling ‘bucket’
17:05 Investors upgrade Navios Maritime Partners
16:25 DEME reports 22% increase in the orderbook and a record-high turnover of 3.3 billion euros in 2023
16:14 MABUX: Bunker Outlook, Week 13, 2024
15:41 AD Ports Group announced the opening of Saadiyat Marina & Ferry Terminal and Rabdan Marina
15:11 Sydney invests $11.5 million in two new operational vessels designed by Incat Crowther
14:55 China’s Jinzhao wins Peru $405m port construction contract
14:13 APM Terminals Moín handled six million TEU
13:48 ClassNK grants Innovation Endorsements for Products & Solutions to two innovative initiatives by MOL
13:37 Konecranes launches its flagship Konecranes X-series industrial crane
12:53 United European Car Carriers UECC spearheads collaboration with industry leaders to advance CNSL as a sustainable marine fuel
12:26 Ocean Network Express announces Transpacific service
11:48 Yang Ming announces 2025 Trans-Pacific service network
11:24 Fincantieri signs contract for the supply of two PPAs to Indonesia
10:42 Maersk transported more than 660,000 TEU using clean fuel in 2023
10:23 Documentation delays push industry costs to $3bn
09:48 PONANT and FARWIND Energy partner to develop green hydrogen refueling solutions

2024 March 27

18:22 Bureau Veritas awards world’s first prototype certification for SolarDuck’s floating offshore solar solution
17:58 The recently converted Allseas's shallow water pipelay barge starts preparations for its first commercial project
17:38 The Port of Rotterdam calls on the European Commission and Parliament to focus on actively promoting green energy
15:23 SEFE to become sole shareholder of WIGA
14:53 Ocean Installer secures yet another SLM contract with Equinor
14:23 Cadeler signs offshore wind turbine installation contract for the vessel Wind Scylla
13:42 Carnival Cruise Line orders 5th Excel-class cruise ship
13:11 Maersk and MSC overcharging cargo owners for EU ETS, says T&E
12:52 The Port Authority of Valencia launches the ZAL project in the Port of Valencia
12:11 Clarkson Port Services and Peak Group collaborate to deliver Port Agency services across the North Sea
11:42 Wan Hai Lines holds ship naming ceremony for new vessels
11:24 Consolidated shipping lines EBIT loss was $1.44 billion in Q4 2023: Sea-Intelligence
10:49 Seaspan Shipyards receives long-term contracts for the pre-construction work of the the Canadian Coast Guard's first six multi-mission vessels
10:14 Woodside completes sale of 10% scarborough interest

2024 March 26

18:02 COSCO Shipping Lines introduces new Americas service
17:30 Davie awarded first contract for design of icebreaker fleet under Canada’s National Shipbuilding Strategy
17:04 Sanctions complicate Arctic LNG ship sales, Hanwha Ocean says - Bloomberg
16:57 Terntank places an order for 1+1 additional wind/ methanol-ready hybrid tanker
16:28 BW LNG completes acquisition of two TFDE vessels from Stena Bulk
15:50 Hanwha Ocean develops VR-based special vehicle simulator
15:20 TotalEnergies and SINOPEC join forces to produce sustainable jet fuel at a SINOPEC's refinery
14:52 Wärtsilä Lifecycle Agreement to guarantee operational reliability of new wind farm installation vessel
14:23 Hudong-Zhonghua launches two LNG carriers
13:51 Cargo ship hits Baltimore’s Key Bridge
13:12 Final sanctioned tanker with Russian Sokol oil to reach China port - Reuters
12:42 Adani Ports acquires 95% of Odisha's Gopalpur Port from SP Group for $162 million
12:21 IHI and Yara Clean Ammonia agree to jointly assess clean ammonia business collaboration
11:41 Yara Clean Ammonia and Azane granted safety permit to build world's first low emission ammonia bunkering terminal
11:16 Wartsila and Royal Caribbean Group celebrate 15 years of collaboration on digital transformation
10:46 A global carbon tax on shipping is coming, says ABS Chairman and CEO
10:21 Eni, Fincantieri and RINA establish partnership for maritime transport decarbonization

2024 March 25

18:07 The Maritime and Port Authority of Singapore continues to investigate reports of oil spills off the port of Tuas
17:31 “K” Line, NIPPON HAKUYO and OPT Gate sign an agreement for a new fire detection system for car carriers
17:07 Greek merchant fleet recorded slight decline in January 2024
16:47 Hanwha Ocean Plans to develop green technology and naval ships
16:25 U-Ming Singapore and ITOCHU sign milestone MoU for the joint development of ammonia dual-fuel and de-carbonized vessels
15:34 Svitzer targets methanol-fuelled MAN 175DF-M engine for tug application
15:04 Wallenius Wilhelmsen signs contracts for four 9,300 CEU vessels with China Merchants Jinling Shipyard
14:40 Taiwan International Port to upgrade terminal facility at Kaohsiung
13:59 Сruise ship Carnival Freedom catches fire near Bahamas
12:59 Hanwha Ocean wins 2.4 tln-won order for 8 LNG ships
11:16 Inland Ports meet in Paris to talk about the innovation potential of inland ports
10:50 IMO agrees possible outline for maritime “net-zero framework”