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Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have announced that their new joint venture (JV) will operate under the tradename ???Ocean Network Express.??? The establishment of this new JV, which will integrate the three companies??? container shipping businesses (including worldwide terminal operation businesses, excluding those in Japan), was previously announced in the ???Notice of Agreement to the Integration of Container Shipping Businesses??? released on October 31, 2016.
Establishment of a holding company is currently planned in Japan, and an operating company is planned to be incorporated in Singapore. In addition, regional headquarters of the operating company will be set up in Singapore, Hong Kong, United Kingdom (London), United States (Richmond, VA), and Brazil (Sao Paulo).
The move will allow Ocean Network Express to better meet customers??? needs by providing
high-quality, competitive services through the consolidation and enhancement of the three companies??? global network and service structures.
Following the announcement on October 31, 2016, the three companies have been progressing towards their target of establishing the new JV. The establishment of new JV will officially be announced once all anti-trust reviews are completed. The service commencement date for Ocean Network Express is April 1, 2018.
A new website has been launched, at https://oceannetworkexpress.com, for stakeholders to better inform themselves about the JV.
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NYK, one of the largest shipping companies and a leader in maritime innovation in the world and Dualog, a cutting-edge innovator in maritime IT, enters a strategic partnership.
The strategic partnership will focus on pushing the boundaries for automation, the Internet of Things (IoT) and for Big Data analysis. Together, the NYK Group and Dualog will spark the new digital platform at sea.
The partnership will centre on advanced technology that will benefit the maritime industry at large:
- Data gathering from an expanding array of on board sensors and monitoring equipment
- Reliable ship to shore communication
- Data science and data analytics to benefit business development, revenue and efficiency
- Monitoring of ship equipment, event analysis, and intelligent alerts
- Preventive equipment maintenance
- Automation and machine learning
Both parties understand that this partnership is a broad investment into technology that will contribute to leading the industry. The immediate focus is a long-term project for enhancing the on board IoT platform coupled with a reliable and efficient data transfer for Big Data analysis.
The partnership will leverage the technology focus and the growing cooperation between the Japanese and Norwegian maritime industries. The parties will bring in knowledge, competence and talent to innovate and increase efficiency in the maritime business.
The signing ceremony of the partnership was held at Ministry of Trade, Industry and Fisheries in Oslo attended by Mr. Svein Steimler, Corporate Officer of NYK and Mr. Morten Lind-Olsen, CEO of Dualog in front of Mr. Hiroshi Tabata, Vice-Minister for International Affairs of Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) and Ms. Dilek Ayhan, Deputy minister of Norwegian Ministry of Trade, Industry and Fisheries, and others from both the Japanese and Norwegian Government on Monday, 29th of May.
Ms. Anita Krohn Traaseth, CEO of Innovation Norway introduced the partnership as a prominent example of collaboration between Japanese and Norwegian companies in the session of ???Wave of change??? at the Nor-Shipping conference on Tuesday, 30th of May. At the same session, Dr. Hideyuki Ando from NYK took part in the round table discussion ???Transforming Tomorrow??? together with other key players in the industry. They shared insights from their digital journeys, as well as perspectives on key factors to succeed with digital transformation.
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Asuka II, a cruise ship operated by NYK Cruises Co. Ltd. (head office: Yokohama; president: Hiroshi Hattori), met up with its ???little sister??? Lady Crystal while the larger vessel was calling at Harumi Passenger Ship Terminal in Tokyo during Japan???s Golden Week holidays that end April and begin May.
Lady Crystal, a yacht offering various day and evening cruises operated by The Cruise Club Tokyo (head office: Tokyo; president: Takao Eguro; wholly owned subsidiary), sailed alongside Asuka II and released balloons. The crew of Asuka II waved flags and hands, and both ships exchanged greetings. Guests thoroughly enjoyed the event, which was the first meeting of these sisters.
The NYK Group will continue its efforts to offer creative events welcomed by customers.
