NYK Cooperates with Ship Tour for Mazda Motor Corporation
On Christman day, Japanese shipping line Nippon Yusen Kabushiki Kaisha (NYK) cooperated with a ship tour sponsored by Mazda Motor Corporation by escorting about 70 elementary and junior high school students and their parents on board an NYK-operated pure car and truck carrier (PCTC).Since 1996, Mazda Motor Corporation has regularly held a tour of this kind as one of its social contribution activities to give children an understanding of the Japanese car industry, stimulate curiosity…
NYK Line Signs TC for Two LNG Carriers with Total
Japanese shipping giant NYK has signed a long-term contract with a unit of French energy giant Total to charter two liquefied natural gas (LNG) carriers.According to the contract, Total Gas & Power Chartering Ltd (TGPCL) will charter from NYK two newly built liquefied natural gas (LNG) carriers that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021.The two LNG carriers will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…
ONE Drags Down NYK Line Earnings
Container line joint venture Ocean Network Express (ONE) dragged down NYK Line in the first half of 2018 ended September 30 with with Japanese shipping group in the red.NYK Line reported a loss of JPY 9.7 billion for the six months ended September 30, compared with a JPY6.2 billion profit a year earlier. The consolidated revenues amounted to JPY 915.6 billion, down from JPY 1,064.2 billion in the same period of the previous fiscal year.The new shipping line ONE, which was established with the aim of integrating the container shipping business with those of Kawasaki Kisen Kaisha, Ltd.
NYK Signs LNG Charter Deal with Total
NYK Line has signed a contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of Total, a leading oil and energy company headquartered in France.The contract calls for TGPCL to charter from NYK a newly built liquefied natural gas (LNG) carrier for seven years, with an optional extension period of one year. The new vessel will be built by Samsung Heavy Industries Co. Ltd. in Korea and is due to be delivered in 2021.The LNG carrier will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…
14,000-TEU ONE Aquila Delivered
Ocean Network Express Pte. Ltd. (ONE) announced it has taken delivery of the 14,00 TEU capacity ONE Aquila at Japan Marine United Corporation’s Kure Shipyard in Hiroshima.
GCT Bayonne Welcomes the ONE Stork
GCT USA has welcomed the Ocean Network Express’ (ONE) first magenta ship on its first dual call to the most advanced terminal in the Port of New York and New Jersey, GCT Bayonne.Following the merger of NYK Line, Mitsui OSK, and “K” Line on April 1, 2018, ultra large container ship (ULCS) ONE STORK joined the Transport High Efficiency (“THE”) Alliance’s EC4 Asia-North America all-water Suez service on its maiden voyage to the East Coast.THE Alliance chose to host all of its Far East all water services at semi-automated GCT Bayonne, due to its award-winning high marine and landside productivity.
Tuthill Named COO of SeaCube Container Leasing
Greg Tuthill has been named Chief Commercial Officer of SeaCube Container Leasing Ltd., one of the largest global container leasing companies in the world.Brought on board to drive strategic global growth, Tuthill will lead SeaCube’s global sales, marketing and trading teams. He is responsible for the development and implementation of evolving business strategies designed to further SeaCube’s vision of being the customer’s first choice for refrigerated intermodal equipment while also driving company growth.Most recently serving as Senior Vice President and Chief Operating Officer…
NYK Line, Asahi Shipping Sign Contract with Kobe Steel
Nippon Yusen Kabushiki Kaisha (NYK Line) together with Asahi Shipping, has concluded a long-term contract with Kobe Steel for the transport of coal for up to 20 years aboard a newly built ship. After delivery of the new vessel from Oshima Shipbuilding in 2021, the ship will transport coal from locations outside Japan to mainly the city of Kobe. This ship will be equipped with a diesel engine compliant with a more stringent environmental regulation limiting nitrogen oxide (NOx) emissions — i.e.…
NYK, Oyak to Build Car Terminal in Turkey
Turkey’s Oyak Group - owner of the country’s biggest steel producer, Erdemir Group - is to invest in a car logistics terminal in Yarimca port near Istanbul in partnership with Japan’s Nippon Yusen Kaisha (NYK Line). According to a Reuters report, the investment will be $110 million. According to NYK press release, Süleyman Savaş Erdem, general manager of OYAK, and Koichi Chikaraishi, NYK representative director and senior managing corporate officer, were on hand for the signing ceremony held in Istanbul on April 5.
Port of Long Beach Welcomes ONE
For three Japanese ocean carriers combining their shipping container business into ONE, the future is bright and it comes in magenta. The future arrives this April. ONE stands for Ocean Network Express, a joint venture of “K” Line, Mitsui O.S.K. Lines and NYK Line that consolidates the three companies’ container shipping units into a single, integrated company. ONE chose the vibrant mix of purple and red to convey the energy and excitement of the new business model with a color that pops amid the muted blue and brown containers crossing the docks. “We’re very excited.
Hyundai Samho Heavy Bags USD 200mln Order for LNG Carrier
South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) has won a $ 200 million contract for the construction of a 174,000-cubic-meter LNG vessel for NYK Line, said a report in Yonhap. HSHI is set to deliver a carrier that can hold 174,000 cubic meters of LNG to Japanese shipping company by 2020. The report said that it marked the first time that Hyundai Samho Heavy Industries has won an order from a Japanese company in 13 years. This year, Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries (HHI), won orders to build seven vessels.
Maritime Shipping Market Brightened: NYK Line
Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) said that conditions in the maritime shipping market were positive overall during the nine-month period of the fiscal year ending March 31, 2018. In the container shipping market, an upswing in spot freight rates stalled somewhat as the total supply of tonnage remained at similarly high levels as the previous year. Nevertheless, shipping traffic was brisk on the back of robust demand for container shipments. In the dry bulk shipping market…
Shippers Continue to Select Veson Nautical Solutions
Veson Nautical, a provider of commercial maritime software and services, has announced that d’Amico Societa di Navigazione S. p. A. and TATA NYK Shipping have selected Veson Nautical’s Integrated Maritime Operations System (IMOS) and Veslink for their commercial operations. Over the past 12 months, a total of 26 maritime organizations across all industry verticals have adopted Veson solutions. Based in Italy, d’Amico has a long history as one of the world’s leading maritime transport groups dating back to 1952.
Japanese Shipping Companies in Troubled Waters
Though the challenging market conditions in the container shipping industry continued to add pressure to Japan’s major shipping companies, turnaround seen as write-downs set to fizzle out, earnings forecasts upgraded, reports Nikkei. Nippon Yusen Kabushiki Kaisha (NYK Line) reported the largest net loss for the nine-month period which amounted to JPY 226 billion ($ 1.98 billion) in the first nine months of fiscal year 2016 ended December 31. Kawasaki Kisen Kaisha (K Line) concluded…
DCLI Acquires Chassis from NYK Line
U.S. provider of intermodal marine chassis Direct ChassisLink, Inc. (DCLI) said it has acquired the approximately 11,000 chassis fleet of NYK Line (North America) Inc. that currently operates in pools managed by Consolidated Chassis Management, LLC and its affiliates (CCM) and in the Hampton Roads Chassis Pool. In conjunction with the transaction, NYK has designated DCLI as its exclusive chassis provider in CCM pools. Motor carriers contracted directly by customers of NYK for…
NYK Promotes Its First Woman Captain
On April 1, a deck officer named Tomoko Konishi became the first woman in NYK’s 132-year history to be promoted to the rank of captain. Konishi joined NYK in 2004 after she graduated from the National Institute of Technology, Toba College in Mie prefecture. Since then, she has worked aboard containerships, pure car and truck carriers, and LNG carriers, among others, as a pioneering female officer. She has been active in a number of fields and has also used her onboard experiences in office work.
Full Ahead: New Generation of Carrier Alliances
Full ahead: new generation of carrier alliances and slot/vessel sharing arrangements; SM’s (Bullet) Line; FWE for Hanjin. On April 1, 2017, the new generation of carrier alliances became reality. In the run up to April 1 there was a flurry of activity with ocean carriers entering into arrangements with other carriers in competing alliances and with other carriers not signatory to any of the alliances. The 2M Alliance is an existing alliance made up of Maersk Line and Mediterranean Shipping Company (MSC).
Ship-to-ship LNG Bunkering Starts in Port of Zeebrugge
The bunkering vessel ENGIE Zeebrugge performed in the port of Zeebrugge, Belgium, its first deliveries of liquefied natural gas (LNG) as a marine fuel to M/V Auto Eco and M/V Auto Energy, the two new gas-propelled pure car and truck carriers (PCTCs) of UECC. The LNG bunkering operations were conducted simultaneously while cargo operations for PCTCs were taking place. ENGIE Zeebrugge, which is the world’s first purpose-built LNG bunkering vessel, arrived in Zeebrugge at the beginning of April after delivery from Hanjin Heavy Industries & Construction Co.
Jeremy Nixon is CEO of ONE Ocean Network
The management of the new company, Ocean Network Express Holdings (ONE) - the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled. The existing NYK Line chief executive Jeremy Nixon named as the chief executive of ONE. Nixon has been chief executive of NYK’s liner division since 2012, and moved to Singapore two years before that to head its South Asia operation. The holding company with ultimate governance of ONE will remain in Tokyo…
RoadOne Appoints Chandler to Sales Leadership Team
Single source intermodal, distribution and logistics service company RoadOne IntermodaLogistics said Steve Chandler has joined the company as Vice President of Sales for the U.S. Southeast and Gulf regions. Chandler brings to the position more than 30 years of container shipping, intermodal drayage and logistics experience. Prior to RoadOne, Chandler held numerous business development and account management positions with top global ocean carriers including CMA-CGM, Hapag-Lloyd and NYK Line, as well as his most recent position at another leading intermodal trucking company.
NYK Line Focuses on Green and Digitalization
NYK president Tadaaki Naito called for promoting environmental issues and the utilization of IoT. "I hope to advance the group’s activities with a focus particularly on the keywords 'green' and 'digitalization' this year," he said. "We are already making progress in both fields, and pressing forward to promote their use in practical operations that will allow us to realize a wide range of ideas and further differentiate ourselves," Tadaaki added. ONE, the joint venture company for liner integration…
K-Line, NYK Line, Chubu Electric, Toyota Tsusho Eye LNG Bunkering
Kawasaki Kisen Kaisha (K Line), Chubu Electric Power, Toyota Tsusho Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line) have decided to work in the field of liquefied natural gas (LNG) bunkering in Japan. A joint statement that LNG is expected to become an important alternative to heavy fuel oil due to its relatively low carbon footptint, which will enable ships to meet increasingly stringent international regulations on emissions. The shipping forms K Line and NYK Line, together with electric utilities provider Chubu Electric Power and trading company Toyota Tsusho Corporation…
NYK Signs Charter with EDF LNG Shipping
Japanese shipping company NYK Line announced that it signed a contract with EDF LNG Shipping, a subsidiary of Electricité de France (EDF), to charter a newly built LNG carrier for a total of seven years, with optional extension periods for up to 13 more years. The vessel will be built by Hyundai Samho Heavy Industries in Korea and is due to be delivered on April 30, 2020. The vessel will be fitted to EDF’s specific requirements and will have a 174,000-cubic meter capacity membrane…
Eagle LNG Joins SEA\LNG Coalition
The recently formed cross-industry coalition SEA\LNG is growing, now with the addition of bulk LNG provider Eagle LNG Partners as the first new industry partner to the coalition. SEA\LNG is a multi-sector industry coalition that aims to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. Officially launched in July this year, founding partners include Carnival Corporation & plc, DNV GL, ENGIE, ENN, GE, GTT, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc. and Wärtsilä.
Two New SEA\LNG Partners
SEA\LNG, which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has welcomed two new partners, each representing key aspects of the LNG maritime value chain: ABS and Keppel Offshore & Marine’s Gas Technology Development. The recent decision by the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPS) to enforce the global 0.5 percent cap on the sulphur content of marine fuel by 2020 has significantly increased interest in LNG as a cost effective, safe and more environmentally friendly fuel.
Consolidated Container Fleets Worth $33.4 Billion
Following the sale of Hamburg Süd to Maerskfor $4 billion, VesslesValue senior analyst William Bennett has compiled a report on the top consolidated container fleets. Currently these top five fleets are worth $33.4 billion and account for 33 percent of the entire container fleet. Maersk have confirmed rumors that they will acquire German container shipping line Hamburg Süd. Hamburg Süd’s strong position in north-south trades will complement Maersk's current business. Maersk is thought to have paid roughly $4 billion for Hamburg Süd whose fleet is worth $1.5 billion.