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NYK wins award for Environmental Excellence

The 2014 NYK Report published by the NYK Group has been honored with an award for excellence in the environmental reporting category at the 18th Environmental Communication Awards, which are jointly sponsored by Japan’s Ministry of the Environment and the Global Environmental Forum, a non-profit organization based in Tokyo. This is the third time that NYK has been recognized at this event, following the company’s win of the Sustainability Report Grand Prize (the Environment Minister Award) in 2012 and the President’s Award for Excellence in 2013. This year’s report was highly evaluated for (1) the consolidation of NYK Group risks and opportunities into three priority topics aspects – i.e., environment, safety, and human capital development — and analysis thereof, (2) the company’s clear indication of its desire for sustainable growth and corporate-value improvement, such as by referring to ESG (environment, society, and governance) in the president’s message, and (3) the company’s indication of the future prospects of each business area along with correlating financial data. The NYK Group will continue to create reports that give stakeholders a better understanding of the company’s activities, while taking initiatives to approach social issues as a good corporate citizen and subsequently achieve a sustainable ...

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NYK and Astomos Energy conclude time-charter contract for new VLGC

On February 27, NYK concluded a time-charter contract for a new VLGC (very large gas carrier) with Astomos Energy Corporation. The new VLGC will be built by Mitsubishi Heavy Industries (MHI) and delivered in the second quarter of 2017. NYK will charter the vessel from Kyoei Tanker Co. Ltd., and from its delivery, the vessel will be assigned to a service designated in a five-year time-charter contract with Astomos. Astomos' new medium-term plan, which starts from fiscal 2015, calls for an increase in LPG handling volume from the current 10 million tons/year to 12 million tons/year by 2017. Astomos plays an important role in the LPG business field, which is expected to continue to grow, particularly as progress is made on new LNG projects in the Middle East, the United States, West Africa, and Australia. This is the 11th VLGC for Astomos, and NYK will continue to reinforce its close, long-term relationship with the energy company. Source: NYK Line / Image Credit: MHI  In the origin, I was explicit with you propecia before and after has changed my existence. It has become much more fun, and now I have to run. Just as it is incredible to sit.

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NYK and Mitsui conclude time-charter contract for 2nd LNG carrier

On January 29, NYK concluded a time-charter contract with Mitsui & Co. Ltd. for a new liquefied natural gas (LNG) carrier for the Cameron LNG project based in the U.S. state of Louisiana. Mitsui & Co. Ltd. will take LNG produced from this project which promote in the U.S. state of Louisiana and this is second new contract, following the contract concluding with Mitsui & Co. Ltd. on September 26, 2014. The ship will be delivered in 2018 and assigned to transport this project’s LNG for a maximum of 25 years. The new vessel will be owned by Rosewood Shipping Pte. Ltd., a wholly owned subsidiary of NYK, and an NYK Group company will be responsible for ship management. Source and Image Credit: NYK LineIn the start, I was frank with you propecia before and after has changed my subsistence. It has become much more fun, and now I have to run. Just as it is incredible to sit.

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NYK, ClassNK develop advanced Exhaust Gas Cleaning System

From second from left, Heng Chiang Gnee, executive director of Singapore Maritime Institute;Seow Tan Hong, managing director of Sembcorp Marine Technology Pte. Ltd.;Makoto Igarashi, president of Monohakobi Technology Institute; Chan Siew Hwa, professor and co-executive director of Energy Research Institute at Nanyang Technology University; Toshio Kurashiki, operating officer and regional manager of South Asia and Oceania at ClassNK Nippon Yusen Kabushiki Kaisha (NYK Line), the Monohakobi Technology Institute (MTI), which is an NYK Group company, and ClassNK have teamed up with Singapore-based Nanyang Technological University and Sembcorp Marine Technology Pte. Ltd. for research on an exhaust gas cleaning system (EGCS) intended to be used to control SOx emissions outside emission control areas (ECAs). This joint research project between Singapore and Japan will be funded by a grant from the Singapore Maritime Institute and carried out with the support of the ClassNK Joint R&D for Industry Program. Unlike the development of EGCSs intended for use inside ECAs, this research will focus on the future need to comply with SOx emissions regulations outside ECAs after 2020 or 2025.Working with a leading EGCS manufacturer, the project will utilize the most advanced technology available to simplify EGCS operations, as well as reduce costs and ...

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NYK develops new lubricity-improving, anti-mold oil additive

Nippon Yuka Kogyo an NYK Group company, has developed a new lubricity-improving, anti-mold oil additive for low-sulfur gas oil. The additive, Yunic750LS-F, can be added to low-sulfur (0.1%) gas oil that will soon be required in emission control areas. The additive lessens fuel-oil equipment problems that can be caused by gas oil having a lack of lubricity or containing mold, thus improving the safety of fuel-oil equipment and contributing to better operations. Low-sulfur gas oil is used only in emission control areas, so there is the possibility that it could be stored in the gas oil tank over an extended time. The anti-mold feature of this additive prevents mold caused by condensed water that can mix with the gas oil. Until now, separate additives were needed for lubricity improvement and anti-mold measures, but Yunic750LS-F has both properties in one product. Patent and trademark applications have been filed. Source: NYK LineIn the beginning, I was outspoken with you propecia before and after has changed my existence. It has become much more fun, and now I have to run. Just as it is incredible to sit.

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NYK holds eighth Environmental Management Conference

On November 13, NYK welcomed about 60 environmental supervisors from 47 NYK Group companies to the group’s annual Environmental Management Conference in Tokyo. NYK holds this conference with NYK Group companies to share information on environmental practices and strengthen environmental management within the group. At this eighth conference, the three companies below were commended for their efforts to achieve the NYK management vision of “a best balance between economic progress and environmental protection,” and each of the companies was asked to give a presentation on its activities. NYK Business Systems Co. Ltd. A reduction in power consumption through the installation of a new energy-efficient printer. Yusen Real Estate Corporation A review and cut of contracted power at the NYK headquarters building by reducing the power consumption of business systems. Nippon Nozzle Seiki Co. Ltd. Introduction of a business improvement system that quantitatively examines cost savings so that not only qualitative merits and concerns are considered.   In addition, guests in charge of environmental management promotions, CSR, and social contributions at the NEC Corporation were invited to give a presentation about the environmental initiatives at its group companies, including the company’s Paddy Making Project through which rice paddies have been successfully ...

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