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NYK and Kyushu Electric Power Co. Inc. have agreed to partner in various fields such as liquefied natural gas (LNG) transport.
The agreement will allow Kyushu Electric Power to consider using ships in the NYK fleet for short-term demands of LNG transport, enabling NYK to improve its profitability through efficient vessel allocation and Kyushu Electric Power to improve its flexibility in LNG transport.
NYK and Kyushu Electric Power will also consider the feasibility of cooperation in complementary businesses (e.g., LNG bunkering) involving LNG supply and marine business. This agreement is based on the trusting relationship that both companies have built in the energy transport field over the years.
In a separate decision, NYK has assigned its LNG vessel, Grace Barleria (gross tonnage: 100,450 tons), to a charter contract for Kyushu Electric Power from this month. For up to about 11 years, this vessel will transport LNG from various projects such as the Wheatstone LNG project in Australia.
NYK will continue to provide flexible and optimal LNG transport options that meet customers??? diversifying needs and strengthen the base of businesses that can generate stable profits.
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Idemitsu Kosan Co. Ltd (head office: Tokyo; representative director and CEO: Takashi Tsukioka), NYK Trading Corporation (head office: Tokyo; president and representative director: Keiji Tsuchiya), and NYK Line (head office: Tokyo; president: Tadaaki Naito) jointly exhibited at the Japan-China Green Expo 2017,* a major trade fair in Beijing, China, showcasing Japanese environmental technologies, products, and services from June 13 to 16. The three companies introduced ???ULTY-V plus,??? a control optimization system for coal-fired boilers and environmental initiatives.
???ULTY-V plus??? contains the attributes of its predecessor, ULTY-V, in addition to newly incorporated AI and IoT features. The system was jointly developed by the three companies and will hit the market this October. ???ULTY-V plus??? enables the boiler to be precisely controlled, thus resulting in greater optimization of performance. Furthermore, the system can be coordinated to remotely supervise operation data, and various technical services can be provided.
In China, about 70 percent of primary energy is from coal, and environmental concerns are increasing yearly. About 1,000 representatives of Chinese companies interested in environmental technology and energy conservation visited the ???ULTY-V plus??? booth, and videos and pamphlets were used to emphasize environmental initiatives. Technical staff made presentations to guests who use boilers in power plants and factories, and questions were actively fielded.
The three companies will continue to contribute to the prevention of global warming and to the realization of a sustainable society by reducing carbon dioxide (CO2) emissions through the promotion of ???ULTY-V plus??? both inside and outside the country.
* Japan-China Green Expo 2017
International exhibition jointly organized by Keidanren (Japan Business Federation), Japan External Trade Organization (JETRO), Nitchu Green Expo Management, China Council for the Promotion of International Trade, and the China Association of Environmental Protection Industry. About 40 companies exhibited this year.
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NYK has been selected by the FTSE Group,* a global index provider, as a constituent in the FTSE4Good Index, marking the 15th straight year that the company has been included in this major evaluation benchmark for socially responsible investment (SRI).**
The FTSE4Good Index is a leading indicator used by investors who place importance on corporate social responsibility and sustainability.
NYK has also been selected for a number of SRI indices, including the Dow Jones Sustainability Asia/Pacific Index (USA) and Morningstar (Japan).
NYK, as a good corporate citizen, will earnestly face its social responsibility, and contribute to the achievement of a better global society through the action of environmental preservation and other initiatives.
* Wholly owned subsidiary of the London Stock Exchange. The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social, and Governance (ESG) practices. Companies included in the index have met stringent ESG criteria and are positioned to capitalize on the benefits of responsible business practices.
** Investments in companies engaged in ethical activities and confirmed through financial analyses to meet established investment standards.
