On June 15, eight officials from the UK Department for Transport, including Transport Secretary Mark Harper, visited NYK and met with NYK Chairman Hitoshi Nagasawa and President Takaya Soga.

This visit was made possible in response to a request from Secretary Harper. While participating in the G7 Transport Ministers’ Meeting in Ise-Shima, Mie,¹ he expressed interest in NYK’s efforts to introduce zero-emission vessels.

During the visit, NYK explained its efforts toward the social implementation of an ammonia-fueled vessel with a domestically produced engine (i.e., ammonia-fueled tugboat and ammonia-fueled ammonia carrier)² and exchanged opinions on the below topics.

The NYK Group will continue to co-create with various countries and diverse stakeholders, including the UK, and lead the world in decarbonizing shipping as a leading company in addressing climate change.

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.”

¹ G7 Transport Ministers' Meeting in Ise-Shima, Mie
A thematic ministerial meeting held in conjunction with the G7 Summit, where G7 transport ministers and EU transport commissioners gather to discuss important themes that will influence the future of transport and society as a whole, as well as the primary directions to be taken. The meeting was held in Shima City in the Ise-Shima region of Mie Prefecture from June 16 to 18, 2023.

² Ammonia-Fueled Domestic Engine-Powered Vessels
Development of these vessels is part of a Green Innovation Fund project⁴ approved by Japan’s New Energy and Industrial Technology Development Organization (NEDO) and is being promoted together with partner companies in Japan.

³ International Maritime Organization
A specialized agency of the United Nations that promotes intergovernmental cooperation and formulates treaties on technical and legal issues related to maritime transport and shipbuilding.

⁴ Green Innovation Fund Project
The fund will provide continuous support for up to 10 years, from R&D and demonstration to social implementation for companies and others that address green issues as management issues, based on ambitious and concrete goals shared by the public and private sectors. Support is provided mainly in the 14 priority fields for which action plans have been formulated in the Green Growth Strategy.