Details

Created: 03 July 2017

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.

 

Details

Created: 03 July 2017

Three NYK Group companies have received awards at the 18th annual Logistics Environment Awards* sponsored by the Japan Federation of Freight Industries (JFFI). At an awards ceremony held at the Dai-ichi Hotel Tokyo, the below three companies were recognized for their distinguished environmental accomplishments in the field of logistics.

-- Asahi Unyu Kaisha Ltd.

Adopted electrically powered cars and solar panels and received the highest rank, three stars, for achievements in CO₂ emissions reduction in accordance with the Aichi CO₂ Reduction Manifesto 2020 established by Aichi prefecture in 2012. The company also promotes employees??? proactive participation in environmental preservation activities, such as beach cleaning in Fujimae-higata in Nagoya.

 -- UNI-X Corporation (jointly received with Stanley Electric Co. Ltd.)

In the harsh environment of a port terminal, LEDs were not that common because no international standard for quality or durability existed. Therefore, the two companies jointly developed a reliable LED for port terminals and then contributed to the reduction of environmental loads by making this new product available on the market. In fact, this is the first LED to be approved for port terminal use by ClassNK.

 -- Yusen Koun Co. Ltd.

Operates an inland container terminal in Fushimi, Kyoto, to promote efficient container management, thus reducing CO₂ emissions, alleviating the truck-driver shortage, and reducing traffic congestion in the harbor district.

 

NYK continues to enhance its activities to reduce the environmental impact of the entire NYK Group, aiming to be an advanced company in the safety and environmental fields.

  

* Logistics Environment Awards

Organizations, corporations, and individuals are recognized by JFFI (chairman: Yasumi Kudo) for efforts to protect the environment and enhance environmental awareness in the sphere of logistics and thereby contribute to the sound development of logistics. These awards were founded in 2000 and are presented annually.

 

Details

Created: 03 July 2017

NYK Auto Logistics (Vietnam) (NALV), a finished-car logistics company jointly owned by NYK and Vietnam Ocean Shipping Agency Corporation (VOSA),* received official approval on June 16 from the government of Vietnam to form a joint venture, and operations are scheduled to begin soon.

NYK currently has stakes in finished car inland logistics companies in 18 countries around the world, and Vietnam will be the 19^th. The companies combine inland logistics with sea transport by RORO vessels to offer a total logistics service. NALV will offer a similar comprehensive, high-quality service in a proactive manner throughout Vietnam.

The NYK Group will utilize its accumulated expertise of high-quality transportation services around the world to secure stable profits.

 

Outline of New Joint Venture

Name: NYK Auto Logistics (Vietnam) Ltd.

Address:   Room 604, Saigon Riverside Office Center 2A-4A

                Ton Duc Thang Str., Dist.1 Ho Chi Minh City, Vietnam

President: Yoichiro Morisawa

Business: Inland logistics such as storage, delivery, and PDI** for imported cars

Date of establishment: June 16, 2017

  

* Vietnam Ocean Shipping Agency Corporation (VOSA)

A shipping agent that is a group company of Vietnam National Shipping Lines (VINALINES), a government-managed shipping company in Vietnam.

 

** PDI (pre-delivery inspection)

Services such as final inspections, repairs, and parts application for finished vehicles before delivery to car dealers.