NYK participated in the 2023 International Transport Forum summit (ITF summit) that was held from 24 to 26 May in Leipzig, Germany, and was the sole company from Japan to take part in discussions at the forum’s Ministers’ Roundtable.*

The ITF is an international organization under the Organization for Economic Co-operation and Development (OECD) through which 64 affiliate countries, transportation-related companies, and intellectuals participate in discussions and conduct research on transportation policies. The ITF summit is the culmination of ITF activities throughout the year and allows ministers of transportation from each country to engage in discussions with intellectuals and company executives. The agenda for the 2023 summit addressed “transport enabling sustainable economies.”

From NYK, Akira Kono, executive vice-president executive officer, participated in a Ministers’ Roundtable and called attention to the necessity to build infrastructure for clean alternative fuels, such as green ammonia, etc., and to involve related parties such as fuel suppliers, engine manufacturers, and shipyards for the sake of accelerating decarbonization in the international shipping industry.

The NYK Group will continue to lead discussions on decarbonization and climate change response in the shipping industry.

* Ministers’ Roundtable
The 2023 summit had three roundtables on the following themes: (1) Transport and climate change, (2) Resilient supply chains, and (3) Shaping active mobility. Each roundtable comprised 10 to 15 representatives of ministries of transportation, international organizations, and companies.

On March 10, 2023, the NYK Group released its medium-term management plan “Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing. ” The NYK Group is promoting growth strategies with ESG at the core, based on the Group’s basic philosophy of “Bringing value to life” and a new corporate vision for 2030, which reads, “we go beyond the scope of a comprehensive global logistics enterprise to co-create value required for the future by advancing our core business and growing new ones.”