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During the month of November, NYK offered scholarships to 78 outstanding Chinese students in two universities in China. This was the 16th consecutive year for NYK to demonstrate its corporate social responsibility (CSR) through the company’s dedicated support of maritime education.

On November 16, an awards ceremony was held at Dalian Maritime University (DMU), where 42 students were recognized for their academic excellence and fine demeanor. They were encouraged to develop themselves into socially responsible and intelligent young Chinese filled with an international vision. Those in attendance included Mr. Yuji Isoda, NYK corporate officer and chief representative for China, and Mr. Pan Xinxiang, vice president of DMU.

“I believe that mutual understanding and toleration are ultimate features of a quality education, and campus life in university is the best period to cultivate such a spirit,” Mr. Isoda stressed at the ceremony. “To enhance the neighborliness between Japan and China, youths like you are asked to take the lead in promoting mutual understanding through face-to-face communication, particularly in light of the historical and cultural links the two countries.”

Mr. Pan reviewed DMU’s cooperation with NYK and offered his sincere appreciation for NYK’s continuous 16-year devotion to maritime education.

Prior to DMU, another awards ceremony was held at Shanghai Maritime University (SMU) on November 8, where 36 students were given scholarships by Mr. Isoda. Mr. Shi Xin, vice president of SMU, expressed his appreciation and respect for NYK's long-term support, particularly during years when economies and the maritime industry were struggling.

Since 2001 when the NYK Group initiated this CSR program at SMU and DMU, 974 students have received dedicated scholarships from NYK. The NYK Group will continue to support maritime education to contribute to global trade and society.

Together with Macquarie Infrastructure Partners III (MIP III),* NYK Ports, NYK’s subsidiary company, has made the decision to invest in Maher Terminals (Maher), which operates a terminal in the U.S. port of New York and New Jersey. On November 16, 2016, NYK Ports acquired a 20 percent share of Maher.

The port of New York and New Jersey, centered amidst major consuming areas, handles the most containers of any port on the East Coast of North America. Maher is the largest terminal in the port with a handling capacity of 3.0 million TEUs annually. After construction to raise the Bayonne Bridge’s clearance is completed in late 2017, the terminal will be able to accommodate containerships carrying up to 14,000 TEUs. Growth in demand is anticipated as traffic bound for the East Coast through the Suez Canal rises as manufacturing’ shifts from China to South East Asia, and as larger ships destined for the East Coast make use of the expanded Panama Canal.

In accordance with its medium-term management plan ”More Than Shipping 2018,” the NYK Group will continue its efforts to strengthen its global network and improve synergy between terminals and containerships.

*Macquarie Infrastructure Partners III L.P. (MIP III) is a diversified, closed end fund that focuses on investments in infrastructure and related assets in the US and Canada, and is managed by an entity within the Macquarie Infrastructure and Real Assets division (“MIRA”).

The NYK-TDG Maritime Academy (NTMA), which NYK operates in the Philippines, successfully conducted an international short-term student-exchange program with maritime schools in Japan during the months of August and October 2016.

The program was organized as part of the NYK Mirai Project.* From August 31 to September 10, nine students from the Hiroshima, Yuge, and Oshima colleges of the National Institute of Technology travelled to the Philippines to participate in study and activities at NTMA. And four days from October 9, ten students from NTMA visited the National Institute of Technology’s Yuge College. During the visits, students attended classes and drill training together, interacting with one another in English, and left with greater stimulation and motivation.

NYK will continue this project to encourage young adults to gain a global perspective and to spark interest in the seafaring life.

* NYK Mirai Project

This project consists of a series of activities that nurture greater awareness of maritime affairs and the seafaring life among Japan’s youth so that they can develop interest in the maritime industry and consider careers at shipping companies. The project was launched at the end of 2014.