Opening New Possibilities for the Maritime Industry through Co-Creation and Open Innovation
From left, Takaya Soga, NYK President and CEO; Hitoshi Nagasawa, NYK Chairman and Director; Takao Kusakari, former NYK Chairman; Nobuhiro Kashima, NYK Senior Managing Executive Officer; and Hideki Suzuki, MTI President
NYK and its R&D subsidiary MTI Co., Ltd. (MTI)1 celebrated the 20th anniversary of MTI's founding at a party on April 25 at NYK’s Tokyo head office. The event was attended by around 90 guests, including Takaya Soga, NYK president and CEO; Nobuhiro Kashima, NYK senior managing executive officer; Hideki Suzuki, MTI president; executives of NYK Group companies; and current and former MTI employees. MTI's new mission, vision, and values (MVV)2 redefined by its younger experts were also revealed at the event.
Representative Comments
Representative Comments
Takaya Soga, NYK President and Representative Director
Through enterprising open innovation with a mission to contribute to the industry as a whole, MTI has been able to establish a unique position in the world. I hope it will continue contributing to the global maritime industry in important areas such as decarbonization, workforce optimization through automation, and data science with a high level of vision and freedom.
Nobuhiro Kashima, NYK Senior Managing Executive Officer,
Chief Executive of Technical Headquarters
The advanced technology, network, and reputation that MTI has built have served us well on the sales side. I hope the company will continue to play a central role in supporting our Group's technical capabilities and driving research and development, which is the foundation of our competitiveness.
Hideki Suzuki, MTI President
MTI will continue to contribute to the maritime industry in Japan and around the world through the company’s determination to be a magnet and leader in bringing the industry together. This determination is expressed in our newly defined MVV.
MTI has its origins in the company's Technical Development Center, which was established in 1986 to conduct R&D related to transportation provided by the NYK Group. In 2004, the Center was reorganized into MTI.3
Today, MTI is engaged in R&D of ship operations, information, and environmental and energy-saving technology. In recent years, MTI has been recognized for its work in autonomous ship operations, in addition to ship IoT, which prevents problems before they may occur during navigation.4
In August 2022, MTI established a social collaboration course on Maritime and Ocean Digital Engineering (MODE) together with the University of Tokyo and other universities, then is promoting the construction of a common simulation platform to realize sustainable maritime logistics, as well as the development of technologies and human resources in the maritime field by utilizing digital engineering.5
MTI, which uses technology to support safe operations, reduce environmental impact, and make various other operational improvements, is essential to achieving the NYK Group's medium-term management plan, "Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing.
" The Group will continue to work to implement this plan steadily and strive for the sustainable enhancement of corporate value.
1 MTI is derived from the company’s original name, Monohakobi Technology Institute. "Monohakobi" is the Japanese term for "Quality Transport".
2 MTI's new mission, vision, and values (MVV)
3
Company History - Monohakobi Technology Institute
4
Awards - Monohakobi Technology Institute
5 About MODE
https://www.k.u-tokyo.ac.jp/en/information/category/press/9627.html
Related Press Release
August 8, 2022, Establishment of Maritime and Ocean Digital Engineering Cooperation Program at the University of Tokyo - Monohakobi Technology Institute
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