Digitalization and Green Concept
Digitalization and Green Initiatives
In March 2018, the Group announced its new medium-term management plan "Staying Ahead 2022 with Digitalization and Green," which is being promoted throughout the Group as the path for survival.
Collaboration with not only other companies in the same industry but also with other industries is crucial. Also investments, which were overly inclined toward hardware in the past, are shifting to the so-called era of software. Digitalization is the embodiment of software, and with the help of software, we will dare to differentiate our company from the rest. The use of our Ship Information Management System, or SIMS, a system for gathering and analyzing operation data on a real-time basis, is a representative example of our company's drive toward digitalization. We want to be able to analyze massive amounts of accumulated operation data with the help of AI (artificial intelligence), and then use the results in predicting dangers and defects or failures during navigation. We will be able to visualize the future of new ships, such as autonomous ships, once we get there.
Our Green initiative comprises three components. The first is compliance with rules, including the 2020 sulfur oxide (SOx) emission regulation. The second is the reduction of carbon dioxide (CO2) emissions, and since this is directly linked to energy saving, we will promote the enhancement of efficiency in both the operation and hardware sides. And the third is commercialization in the environment field, which includes various areas of interest, such as wind-power generation, biomass, hydrogen carriers, and green terminals. One of the commercialization projects that we have already concluded is a wind-power generation project at a completed car terminal in Belgium's Zeebrugge port.
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Create New Value with Digitalization and Green
Leveraging Creative Solutions as a Source of Differentiation
"Creative solutions" is the continuing theme from the previous medium-term management plan "More Than Shipping 2018." The Group is combining creative solutions from the entire Group to achieve further differentiation and create additional value.
Encouraging Innovation through the Creative Solutions Support System
Aiming to discover and foster creative solutions among group companies and build an environment conducive to creating new businesses, we set up the Creative Solutions Development Fund in 2014. In August 2017, we renamed it the Creative Solutions Support System, but it continues to function as originally intended. Drives for applications have resulted in 72 submissions, approximately 10 percent of which have been selected for support.
The aim of the inaugural project was to establish a business based on the system, and Symphony Creative Solutions Pte. Ltd. (SCS) was thus jointly formed in Singapore in March 2016 by NYK, its group companies the Monohakobi Technology Institute (MTI) and NYK Business Systems Co. Ltd., Weathernews Inc., and Kozo Keikaku Engineering Inc. The new company is tasked with developing and providing next-generation solutions in the shipping and logistics fields. Accordingly, SCS will take advantage of the frontline capabilities, technological expertise, and networks of the shareholder companies to rapidly advance the development of innovative solutions that cater to increasingly sophisticated needs in logistics frontline operations. Given the growing difficulty of establishing differentiation as IoT becomes more common, the system will add impetus to projects and initiatives that create high-value-added services based on insights into customers' precise needs.
An Example of the Creative Solutions Support System
Capitalizing on expertise cultivated over many years, Yusen Navtec Co. Ltd. upgrades devices and collaborates with the Headquarter's Dry Bulk Marine Quality Control Group to ensure that the cleaning of vessel bottoms in Japan and overseas complies with the Group's standards. These activities could contribute to the Group's competitiveness because they have the potential to be used for vessel types other than dry bulk carriers and to accelerate fuel-saving efforts. With this in mind, the system is supporting efforts to establish upgraded devices as intellectual properties and select and conduct negotiations with local providers of services for the cleaning of vessel bottoms overseas.