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In February, a second floating production, storage, and offloading (FPSO)* unit deployed by NYK for the BM-S-11 consortium** through a joint venture company started oil production in a pre-salt area off Brazil.

This FPSO unit, FPSO Cidade de Marica, is owned by a shareholder consortium comprising SBM Offshore N.V. (Netherlands), Queiroz Galvão Óleo e Gás S.A. (Brazil), and a joint venture company between NYK (48.72 percent; head office: Chiyoda-ku, Tokyo; president: Tadaaki Naito) and the Mitsubishi Corporation (51.28 percent; head office: Chiyoda-ku, Tokyo; president & CEO: Ken Kobayashi). The joint venture has a 20-year time charter contract with Petroleo Brasileiro S.A. (Petrobras) to operate the FSPO.

NYK will aim to further advance its expertise in the FPSO business by dispatching technical staff to this project as well as FPSO Cidade de Paraty.***

 

In accordance with its “More Than Shipping 2018” medium-term management plan, NYK will continue to make use of its extensive technical know-how to expand and develop its business in the offshore industry, which is expected to grow remarkably.

Outline of FPSO

Oil processing capacity     150,000 barrels of oil per day

Gas processing capacity    6 million cubic meters per day

Oil storage capacity        1.6 million barrels

Water injection capabilities  200,000 barrels per day

Mooring type              Spread mooring

* An FPSO unit is a ship-shaped offshore installation that produces crude oil by separating solids, water, and gases from liquid drawn from reservoirs beneath the seabed and storing the oil until it is offloaded to shuttle tankers or export tankers.

** BM-S-11 is a consortium (comprising Petrobras (65%), BG E&P Brasil Ltda (25%), and Petrogal Brasil Ltda (10%)) that owns the BM-S-11 fields offshore Brazil.

*** FPSO Cidade de Paraty is deployed for the BM-S-11 consortium and started oil production in June 2013 in the Lula Field.

Related press releases:

NYK Confirms Participation in Two FPSO Businesses for Petrobras in Brazil,

http://www.nyk.com/english/release/2446/002716.html

Oil Production Starts at FPSO Unit in the Lula Field, http://www.nyk.com/english/release/2446/002661.html

NYK and Itochu to Participate in FPSO Business for Petrobras in Brazil to Produce Oil in Pre-salt area, http://www.nyk.com/english/release/1414/NE_110715_2.html

For a third consecutive year, NYK was one of 10 shipping lines recognized with an Environmental Ship Index (ESI)* award by HAROPA, a joint initiative between the ports of Le Havre, Rouen, and Paris.

During the awards ceremony in Paris on December 3, 2015, Jerome de Ricqles, director of the NYK France Liner Division, received a trophy from Emmanuele Perron, president of the Supervisory Board of Grand Port Maritime du Havre (GPMH), and from Herve Martel, director of GPMH.

The award recognized the performance of shipping lines in the 2014 calendar year, but the ceremony had been postponed so that it could coincide with COP21, also known as the Paris Climate Conference.

The ESI was set up by the World Port Climate Initiative and identifies vessels managing to reduce their greenhouse gas emissions through a reporting scheme that evaluates the amounts of nitrogen oxide and sulfur oxide released.

Since 2012, HAROPA has recognized the top 10 shipping lines operating containerships or Ro-Ro vessels scoring more than 30 points per call in a complex calculation that includes vessel specifications, bunkering details, etc., and is validated using the official ESI website.

NYK will continue its efforts to contribute to the realization of a global environment and sustainable society based on the group’s “More Than Shipping 2018” medium-term management plan.

The NYK Group has completed its Sail On Safety winter safety campaign, which ran from December 1, 2015, through January 31, 2016.

Under the theme "Think, Act, and Be Safe," the campaign has been conducted annually by the entire NYK Group to prevent accidents that can be more frequent in turbulent seas during the winter season.

In this year’s campaign, 410 NYK Group executives and employees visited 242 vessels to exchange broad opinions with onboard crews about the prevention of accidents, collisions, and engine trouble in turbulent seas. Through this campaign, the visitors gained a greater understanding of the particular condition of each vessel and realized again the importance of smooth communication and mutual understanding between onboard crew and offshore staff for safe ship operations.

This was the 12th year of the campaign, and in total 3,877 NYK Group members have now made 2,416 visits to vessels.

The NYK Group will continue to strengthen its safety activities through collaboration between onboard crew and offshore staff to ensure that “safety,” which is the group’s most important mission, is maintained and NYK remains a trusted and reliable partner for customers.