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Swedish Delegation Visits NYK

On October 6, a delegation comprising 13 members of the Swedish Parliament’s Committee of Transport and Communications* and two diplomats from the Swedish embassy visited the NYK head office for a meeting with NYK executive vice-president Naoya Tazawa and NYK senior managing corporate officer Yasuo Tanaka.

NYK was placed on the committee’s schedule as a result of the company’s advanced efforts in addressing environmental issues. During the meeting, NYK reviewed environmental issues and regulations surrounding the maritime industry and introduced the NYK Group’s various initiatives, chiefly focusing on measures for optimal vessel operations through use of Big Data and proactive efforts to reduce greenhouse gas emissions by shifting to eco-friendly LNG fuel, as introduced in the company’s "More Than Shipping 2018" medium-term management plan.

Afterward, opinions were exchanged, and an active question-and-answer session was held on topics such as modal shifts, LNG as a marine fuel, and environmental investment. Ms. Jessica Rosencrantz, vice-chairman of the committee and leader of the Swedish delegation, said, “It was a valuable opportunity for us to learn much about NYK’s advanced initiatives, such as implementing eco-friendly technologies.”

NYK, as a good corporate citizen, will continue to take an active role in social issues, including environmental conservation, and will continue to make efforts to contribute to the achievement of a sustainable, improved global society.

NYK Line (Vietnam) Co. Ltd. Becomes a Wholly Owned Subsidiary

On September 28, 2015, NYK Line (Vietnam) Co. Ltd. became a wholly owned subsidiary of NYK.

Nearly nine years ago, NYK Line (Vietnam) Co. Ltd. was established in Vietnam as a joint-venture maritime transport agency between NYK (equity 51%) and the VOSA Group of Companies (equity 49%). NYK recently purchased VOSA’s shares, and the Vietnamese government approved the application for NYK Line (Vietnam) Co. Ltd. to become a wholly owned subsidiary.

The NYK Group carries about 300,000 TEUs to and from Vietnam annually, connecting the country to the world through 12 direct liner services. NYK also serves the country with bulk shipping services, transporting a wide range of cargo, such as coal, wood chips, and industrial plant facilities.

 The NYK Group will continue to expand the services offered through NYK Line (Vietnam) Co. Ltd. in response to the various needs of its customers.

 Outline of NYK Line (Vietnam) Co. Ltd.

(1)        Head office             Ho Chi Minh City, Vietnam

(2)        Representative       Satoru Mochida

(3)        Equity holders        NYK 100%

(4)        Capital                    US$400,000

 

Reference:

“NYK Line (Vietnam) Co. Ltd. Established,” November 8, 2006,

http://www.nyk.com/english/news/2006/1108_01.htm

NYK Sponsors Facilities for Project Hope School in China

NYK Line (China) Co., Ltd. has donated 30 bunk beds and some sports supplies to NYK Wangping Middle School, which is located in the rural area of Luoyang in Henan province.

On October 21, Yuji Isoda, a corporate officer at NYK and the company’s chief representative for China, visited the school with officers from the Luoyang municipal government and education bureau to attend a ceremony in recognition of the event. The school and the government expressed their sincere gratitude to the NYK Group for its 14 consecutive years of support.

Through Project Hope,* the NYK Group sponsored the construction of two schools, NYK Wangping Middle School in 2001 and NYK Xuncun No. 1 Middle School in 2004. The NYK Group has also provided classroom desks and chairs for the students, and this recent donation of beds is expected to improve the living conditions in the school’s dormitory. Further, the new sports supplies are expected to enrich the campus life.

Supporting education within local communities and areas that face special challenges is an important part of the NYK Group’s continuing corporate social responsibility (CSR) activities.

*Project Hope

Founded in 1989, Project Hope is a Chinese public benefit project organized by the China Youth Development Foundation. The project aims to improve educational facilities and support the education of children in poorer rural areas of China.