Tag: NYK

Future ship of NYK

Major lines losing too much money in their container divisions The head of Japan's largest shipping line - Mitsui OSK - has said that a merger of the three major Japanese container lines into one entity "could be an option" to their financial problems.Koichi Muto, President of MOL, made the remark amid broad criticism of the way the bigger container lines on the Asia-Europe trades had demonstrated a "lack of self control" that was detrimental to themselves and the industry.Muto said the idea of a merger "could be an option, of course. At the moment there is no such discussion, but we should be flexible in every way". He added: "We roughly studied such a possibility, of course."He mentioned that all the major lines were losing too much money in their container divisions to be sustainable over the long term. MOL itself is set to lose ?4 billion (US$51 million) this year.K Line has the greatest exposure and has not joined the trend to charter ultra-large container ships through alliances. K Line is set to lose ?30 billion ($384m) this year.One obstacle to such a merger is existing service alliances between NYK and MOL."Now we are all alliance with partners, ...

India China Service - in response to the growing demand in this trade Evergreen Line, NYK Line and Hanjin Shipping have just commenced a new service linking East Asia and India, to be called "India China Service" or ICS. All three carriers said the new string is launched in response to the growing demand in this trade.ICS inaugurated service on October 29 from Pusan. The weekly loop then calls Shanghai, Ningbo, Shekou, Singapore, Nhava Sheva, Pipavav, Colombo, Singapore, Hong Kong and Pusan.The joint service employs five ships of approximately 2,500 TEU - 2,800 TEU. NYK Line deploys three vessels while Evergreen Line and Hanjin Shipping contribute one vessel each.Source: Evergreen Line

NYK expands education and training for Filipino senior officers On September 16, a groundbreaking ceremony was held in the presence of NYK president Yasumi Kudo and Transnational Diversified Group (TDG)1 founder and chairman J. Roberto C. Delgado to pray for the safe realization of the expansion of the NYK-TDG Maritime Academy's (NTMA) facilities and the construction of crew training facilities adjacent to the academy. The construction will be completed in 2013, allowing NYK to further expand and develop education and training for Filipino senior officers.NYK and TDG opened NTMA in 2007, prior to the establishment of any similar facility by any other shipping company, for the purpose of education for high-quality seafarers. In fact, NYK's medium-term management plan, "More Than Shipping 2013: Grow with Asia, Expand across the Globe," released on March 31, emphasizes cultivating high-quality seafarers to ensure safe operations - seafarers who can eventually differentiate NYK's service from others with their superior skills - and NTMA plays a key role in the education.Source: Nippon Yusen

Anti-terrorism and anti-piracy training exercises The NYK Group conducts accident-response training exercises regularly and, to prepare for unforeseeable circumstances, the group cooperates with anti-terrorism and anti-piracy training exercises conducted in various countries to enhance the crisis-response capability of group employees. NYK Venus1. Anti-terrorism training exercise with the Hong Kong Police Force (HKPF)On July 26, NYK conducted a joint anti-terrorism exercise with the HKPF based on a scenario in which an NYK-owned containership, NYK Venus, is taken over by a terrorist group. From 2005, a similar joint-exercise has been conducted regularly for years by NYK and the HKPF.The exercise scenario called for the Special Duties Unit of the HKPF to dispatch high-speed boats and helicopters to the vessel, and to search for, find, and subdue the terrorists. Through the exercise, employees at NYK's head office in Tokyo, NYK Line (Hong Kong) Ltd., and NYK Shipmanagement Pte. Ltd. were able to reconfirm their roles for rapid response in dealing with acts of terrorism, including information exchanges with the HKPF and other related organizations. ACX Diamond2. Anti-piracy training exercise with the Royal Australian Navy (RAN) On August 15, an NYK-owned containership, ACX Diamond, participated in an escort training exercise with a RAN frigate ...

To promote activities in an effort to prevent serious accidents On August 24, NYK president Yasumi Kudo held a meeting with six captains and chief engineers at the NYK headquarters in Tokyo. During the meeting, President Kudo and the ship officers exchanged opinions about the safe operation of the NYK fleet, and President Kudo then issued instructions to further promote activities in an effort to prevent serious accidents.President Kudo chairs NYK's Safety and Environmental Management Committee,1 which oversees the safe operation of the company's ships. He held the meeting to hear directly from captains and chief engineers working on the frontline of operations and to make use of their opinions in improving the safety of ship operations.During the meeting, proposals for safe operations and responses to potential natural disasters were offered by the ship's officers working on-site. In addition, issues facing seafarers training and initiatives to mitigate environmental loads were discussed in depth.Every July, NYK conducts the Remember Naka-no-Se Safety Campaign.2 As a part of the campaign, the executive officers and other company staff in relevant sections visit ships. NYK continues to make efforts to further deepen the mutual understanding between onshore and ship staff, and promote the establishment of ...

LNG vessels being built for NYK On August 17, a naming ceremony was held at the Geoje Island shipyard of Samsung Heavy Industries , Ltd.(Samsung) in Korea for two LNG vessels being built for joint owners NYK LNG (Atlantic) Ltd. (headquarters: London, UK), a wholly owned subsidiary of NYK; Mitsui & Co. Ltd. (headquarters: Chiyoda-ku, Tokyo); and Teekay Corporation (headquarters: Vancouver, Canada) to ship LNG. The vessels are chartered by Angola LNG Supply Services (ALSS; headquarters: Houston, U.S) and will ship the LNG produced by Angola LNG Ltd.H.E José Maria Botelho de Vasconcelos, petroleum minister of the Republic of Angola; Ichizo Kobayashi, managing officer and COO of the Marine & Aerospace Business Unit at Mitsui; David Glendinning, president of Teekay Gas Services; In-Sik Roh, president and CEO of Samsung; and NYK representative director and senior managing corporate officer Masahiro Kato were in attendance. Mr. Kobayashi's wife named one vessel Soyo, and the other vessel was named Malanje by Mr. Glendinning's wife before the ceremonial rope holding the vessels in place was cut by the two women and Mr. Kato's wife.Soyo and Malanje are jointly owned by NYK LNG (Atlantic) (33%), Mitsui (34%), and Teekay (33%). Soyo will be completed by ...

Aiming to cut CO2 emissions NYK Line's solar-power-assisted car carrier Auriga Leader (60,213 gross tons) will in June be used for shipboard tests of a newly developed hybrid power supply. The car carrier will also be fitted with a ballast-water management system and adapted to use low-sulfur fuel.The power generation and endurance of the photovoltaic panels on Auriga Leader have been undergoing shipboard tests since the completion of the vessel on December 19, 2008. The tests have shown that providing a stable power supply from the photovoltaic panels is difficult because even a slight change in the weather has a significant influence on the amount of power generated.It was also found that attempting to make the solar power system bigger to gain more output and to increase its dependibilty could present problems with regard to stable operations because of fluctuations in the power supply.The hybrid power supply system which is mow being installed has been studied since fiscal 2009. It has been jointly developed by NYK Line, Kawasaki Heavy Industries Ltd., the Monohakobi Technology Institute (MTI) and Nippon Kaiji Kyokai (ClassNK) and was was selected as a subsidized project by Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) under ...

The order was worth around $500 million South Korea's Hyundai Heavy Industries Co has won a combined order to build up to five shuttle tankers for Norway-based Knutsen NYK Offshore Tankers, sources said on Wednesday, Reuters reports.Sources with knowledge of the matter told Reuters that the deal included an option for three additional vessels. Local media reported that the order was worth around $500 million.Source: Portnews

Of all industries in the EU economy the transport sector is the only one to have steadily increased its Carbon Dioxide (CO2) emissions since the reference year of 1990. Transport comprises of three modes, inland (road, rail and waterways), sea and air. Emissions from inland transport (mainly road) are the most important followed by maritime while aviation comes third. The greatest share of CO2 reductions has been achieved by land based emissions sources such as industrial plants and road transport. Regarding the maritime sector, it has to be said that historically it has not been addressed properly, if at all, as compared to all other transport modes. Such a privileged lack of regulation implies that currently, the cost of reducing emissions from ships would be much lower than for same results from land-based polluters. The shipping industry claims that by improving marine fuel oil quality and by reducing the sulphur content, as agreed in the International Maritime Organisation (IMO) under the MARPOL Convention, it will contribute to CO2 emissions reduction. This is incorrect and misleading. Improved marine fuel quality is totally unrelated to CO2 emissions. A better and cleaner fuel does not reduce CO2 emissions responsible for the global warming ...