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For the integration of their container shipping businesses, including worldwide terminal operation businesses outside Japan, Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have announced the establishment of the below holding company and operating company.
Overview of New Companies
(1) Holding Company
Tradename Ocean Network Express Holdings, Ltd.
Location Tokyo
Date of Establishment July 7, 2017
(2) Operating Company
Tradename Ocean Network Express Pte. Ltd.
Location Singapore
Date of Establishment July 7, 2017
Details will be provided on July 10, 2017.
Related press releases
???Notice of Establishment Schedule for Container Shipping Business Integration,??? July 3, 2017,
https://www.kline.co.jp/en/ir/stock/disclose/detail/__icsFiles/afieldfile/2017/07/07/20170707E.pdf
"Notice of Trade Name and Location of New Container Shipping Joint Venture," May 31, 2017, http://www.mol.co.jp/en/pr/2017/img/17035.pdf
"Notice of Agreement to the Integration of Container Shipping Businesses," October, 31, 2016, http://www.nyk.com/english/release/dbps_data/_material_/_files/000/000/004/488/161031_5.pdf
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NYK held a 'Brush Up on Safety Awareness' competition on July 3, and three shipowners and ship-management companies i.e., Seno Kisen Co., Ltd., Hachiuma Steamship Co., Ltd., and Misuga Kaiun Co., Ltd. were recognized for their effective and original implementation of measures to motivate further safety awareness and encourage a sense of ownership among crew members.
This competition was part of the Remember Naka-no-Se safety campaign, which draws on the lessons learnt from the Diamond Grace oil spill in July 1997, to encourage all NYK Group employees to bear in mind the importance of safe operations. Since 2006, the NYK Group has been working on Near Miss 3000 activities with partner shipowners and ship-management companies, aiming to prevent accidents by making use of the slogan 'DEVIL Hunting!' to nip accidents in the bud by identifying and dealing with the often over-looked precursors to accidents, or DEVILs (Dangerous Events and Irregular Looks).
Nineteen shipowners and ship-management companies, both domestic and foreign, participated in this competition, the first year it was held. Five finalists made presentations and the top three companies receiving the most votes from 77 people representing 24 companies (including some of the participants) and NYK were recognized at the ceremony.
The NYK Group will continue its efforts to maintain safe operations in cooperation with NYK affiliates, shipowners, and ship-management companies.
Participants in 'Brush Up on Safety Awareness' Competition
Camellia Line Co., Ltd., Miyazaki Sangyo Kaiun Co., Ltd., Wallem Shipmanagement Ltd., Misuga Kaiun Co., Ltd., Mitsubishi Ore Transport Co., Ltd., Anglo-Eastern Ship Management Ltd., Kitaura Kaiun Co., Ltd., MMS Co., Ltd.,WILHELMSEN SHIP MANAGEMENT SDN.BHD., Tagashira Kaiun Co., Ltd., NYK Shipmanagement Pte. Ltd., Azimuth Ship Management Sdn. Bhd., V. SHIPS Asia Group Pte.Ltd., Kyoei Tanker Co., Ltd., Columbia Shipmanagement Ltd., Misuga Kaiun (HK) Limited, Hachiuma Steamship Co., Ltd., NYK LNG Shipmanagement (UK) Ltd., Seno Kisen Co., Ltd.
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NYK has been included in three new ESG indexes, the first being the FTSE Blossom Japan Index created by global index provider FTSE Russell,* and the two others being the MSCI Japan ESG Select Leaders Index and the MSCI Japan Empowering Women Index created by MSCI.** The Government Pension Investment Fund for Japan, one of the world???s largest pension funds, has selected these three indexes as benchmarks for its ESG investment strategy.
The FTSE Blossom Japan Index has been designed to provide market participants with a tool to identify and measure the performance of Japanese companies that demonstrate strong environmental, social and governance (ESG) practices. FTSE Russell measures a company???s exposure to, and management of, ESG issues in multiple dimensions such as corporate governance, health & safety, anti-corruption, and climate change. This index has been constructed to be industry neutral compared with the Japanese equity market.
The MSCI Japan ESG Select Leaders Index has been designed to target companies that have the best ESG profile relative to sector peers. The MSCI Japan Empowering Women Index recognizes companies that are promoting and maintaining gender diversity among their workforce.
NYK, as a good corporate citizen, will continue to advocate strong ESG practices.
* FTSE Russell
FTSE Russell, a wholly owned subsidiary of the London Stock Exchange Group, is a global index leader that provides benchmarking, analytics, and data for investors worldwide.
** MSCI
MSCI is the world???s largest provider of ESG research and indexes, with over $58 billion in assets benchmarked to MSCI indexes globally
