The NYK Group's Top News Stories for 2014
-Differentiation from competitors through use of creative solutions -
December 26, 2014
The NYK Group’s top news stories for 2014 are reviewed below.
1. New medium-term management plan, “More Than Shipping 2018 —Stage 2 leveraged by Creative Solutions-”
March: NYK announced its new medium-term management plan, a five-year plan starting from April 2014.
- Differentiation from competitors through use of the NYK Group's creative solutions
- Investments focused on LNG (liquefied natural gas) and the offshore business; a shift toward an asset-light business model
- Strengthening the group’s financial foundation
2. Shipping
Strengthening NYK’s container transportation competitiveness
April: NYK reached time charter agreements for eight new 14,000 TEU container vessels that will feature improved fuel efficiency compared with today's containerships of a similar size.
September:NYK transferred container stowage planning to the Kumamoto office of Kozo Keikaku Engineering Inc. in Japan, from NYK’s office in Singapore.
Creating the next generation of car carriers
May: Japan’s first post-Panamax car carrier, which has a capacity of 7,000 units, was delivered.
3. More Than Shipping
Expanding the group’s auto logistics business
January: Kazakhstan and Indonesia; June: Mexico; October: Myanmar
NYK established more auto logistics business bases, particularly in newly emerging countries, and enhanced the group’s auto logistics services.
July: NYK Group companies teamed with others to offer next-generation auto logistics solutions through the jointly implemented “Symphony Project.”
Practical use of LNG fuel
March: United European Car Carriers (UECC),* which is jointly owned by NYK and Wallenius Lines, signed a contract to construct two dual-fuel LNG pure car and truck carriers (PCTCs).
July: NYK decided to build the world’s first LNG bunkering vessel to participate in the LNG bunkering business.
Advancements in the LNG and offshore businesses?
January: NYK welcomed the first Filipinos to take on the roles of captain and chief engineer on an NYK-operated LNG vessel.
August:As part of Japan LNG Investment, a joint venture company between NYK and the Mitsubishi Corporation, NYK announced its participation in the Cameron LNG project, a mid- to up-stream LNG project.
NYK Group technology in use
October:Nippon Yuka Kogyo's SKY-SYSTEM (ballast-water management system) received approval from Japan’s Ministry of Land, Infrastructure, Transport and Tourism.
November: Nippon Yuka Kogyo Co. Ltd. developed a new lubricity-improving, anti-mold oil additive.
4. CSR: continuing efforts to be a good corporate citizen
Third-party evaluations
February:NYK was the only Japanese company in the industrial transportation sector included in the Bronze Class of the 2014 Sustainability Year book of RobecoSAM.
March: NYK was the first company in the maritime industry selected to be part of the Nadeshiko Brand, which recognizes companies that offer a work environment that encourages women.
September and October:NYK was selected for the Dow Jones Sustainability Indices (DJSI) and FTSE4Good Index for the 12th consecutive year.
Recognition of annual report
December: NYK received WICI Japan’s Award for Excellence in Integrated Reporting for the company’s 2014 NYK Report.
Continual recognition for the company’s environmental measures
October: NYK was included in the Climate Disclosure Leadership Index for a third consecutive year.
Social contributions
April: The 10 th anniversary of the establishment of NYK’s Office for Corporate Citizenship.
June:NYK Tokyo introduced a volunteer point system to support employees’ social contribution activities.
May: Croatia; July: Iwate, Japan; August: China; September: Hiroshima, Japan
NYK support was provided in the above areas in response to natural disasters.
5. Other
Violation of Japan’s antimonopoly act
March:A cease and desist order and surcharges-payment (extraordinary charge of 13.1 billion yen) order was received from the Japan Fair Trade Commission.
The news on this website is as of the date announced and may change without notice.