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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.

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

In previous press releases (see below), Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha announced the expected establishment of a holding company and an operating company by July 1, 2017, for the integration of the three companies’ container shipping businesses, including terminal operation businesses outside Japan.

As of today, the new company to be established has received all necessary approvals for compliance with local competition laws in regions and countries where compliance is required for the new company’s establishment, and progress is being made towards completing the establishment of the new integrated container shipping business. Further details will be announced upon completion of all establishment procedures.

In the Republic of South Africa, the new company expects to complete the approval process for compliance with competition law before the service commencement date of April 1, 2018.

Overall, there is no impact on the three companies’ integration plans for the new container shipping business, and the service commencement date for the new company is likewise unchanged from April 1, 2018.

 

Related press releases

 “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

 

Inquiries

Inquiries can be directed to the following representatives:

Kawasaki Kisen Kaisha, Ltd.

Kiyoshi Tokonami, General Manager, Investor & Public Relations Group

(TEL: +81-3- 3595-5189)

Mitsui O.S.K. Lines, Ltd.

Keiichiro Nakanishi, General Manager, Public Relations Office

(TEL: +81-3- 3587-7015)

Nippon Yusen Kabushiki Kaisha

Ushio Koiso, General Manager, Corporate Communication and CSR Group

(TEL: +81-3-3284-5058)

This document includes information that constitutes “forward-looking statements” relating to the success and failure or the results of the integration of Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha. To the extent that statements in this document do not relate to historical or current facts, they constitute forward-looking statements. These forward-looking statements are based on the current assumptions and beliefs of the three companies in light of the information currently available to them, and involve known or unknown risks, uncertainties and other factors. Such factors may cause the actual results to be materially different from the contents of this document with respect to any future performance, achievements or financial position of one or all of the three companies (or the new company after the integration) expressed or implied by these forward-looking statements. Further, the three companies undertake no obligation to publicly update any forward-looking statements after the date of this document.

 

The risks, uncertainties and other factors referred to above include, but are not limited to: 

  1. Procedural and practical difficulties accompanying implementation of the integration;
  2. Changes in supply and demand for the market, and changes in market position including changes in the competition environment and relationship with major customers;
  3. Changes in economic conditions in and outside Japan and changes in exchange rates;
  4. Possibility of misappropriation or deletion of personal data or confidential information due to IT failure, cyber -attack, or other reason;
  5. Occurrence of natural or man-made disaster which may have an adverse effect on the employees, offices, key facilities and IT systems of the new joint-venture company after the integration;
  6. Changes in laws and regulations relating to business activities;
  7. Delays in the review process by the relevant competition law authorities or the clearance of the relevant competition law authorities or other necessary approvals in relation to the integration being unable to be obtained; and
  8. Difficulty accompanying materialization of synergies or integration effects in the new joint-venture company after the integration.