Nyk Group News

Three shipping and ship-management companies within the NYK Group—Asahi Shipping Co., Ltd., Hachiuma Steamship Co., Ltd., and Mitsubishi Ore Transport Co., Ltd.—will merge as part of a business integration.Overview of New CompanyCorporate Name: NYK Bulkship Partners Co., Ltd. (tentative)President: To be determinedAmalgamation date: January 2026 (scheduled)Head office: TokyoBusiness bases: Tokyo, KobeNumber of owned vessels: 22Number of managed vessels: 91 (including vessels owned…

The world’s first commercial-use ammonia-fueled vessel, Sakigake, has completed a three-month demonstration voyage, achieving a GHG-emission reduction of up to approximately 95%.The vessel was completed by Nippon Yusen Kabushiki Kaisha (NYK) and IHI Power Systems (IPS) on August 23, 2024, in cooperation with Nippon Kaiji Kyokai (ClassNK) as part of a Green Innovation Fund Project under Japan’s New Energy and Industrial Technology Development Organization (NEDO).The development project of this vessel started in October 2021 and completed in August 2024…

Northern Offshore Group (N-O-G), an NYK Group company, has purchased Mistral Enabler service operation vessel (SOV) from Edda Wind.The 81-meter-long Mistral Enabler SOV, with an onboard capacity for 60 people, will be renamed Northern Ocean.N-O-G owns more than 60 crew transfer vessels (CTVs) and has previously managed SOVs, but this is its first owned SOV. An SOV is a large ship that transports workers and materials to construct and maintain offshore wind power generation facilitiesAdding…

NYK Line has become a co-owner of the crew transfer vessel (CTV) operator Northern Offshore Group (N-O-G) with the most recent investment, in preparation for the anticipated future expansion of offshore wind in waters closer to Japan.N-O-G operates more than 60 CTVs in the global offshore wind industry. NYK and N-O-G have had an operational and technical collaboration since 2019, and N-O-G became an NYK Group company when a majority of its shares were acquired by NYK.Through this investment, N-O-G will be able to leverage NYK’s global network, enabling further technical development and growth.

NYK and ENEOS Ocean Corporation elected “NYK Energy Ocean Corporation” (NEO) as the name of the new company that will take over ENEOS Ocean's non-crude oil shipping business. NYK will acquire 80% of the shares of the new company and make it a subsidiary.By the end of last year, the transaction approval procedures by the Japan Fair Trade Commission and other relevant authorities in Japan and overseas were completed. The transaction is expected to be completed on April 1, and NEO will officially commence operations.

International Chamber of Shipping (ICS) Publications is proud to announce the release of the sixth edition of the ICS Guide to Helicopter/Ship Operations, an essential resource that has been setting the standard for safe and efficient helicopter/ship interactions for almost 50 years.Recognized as the go-to reference for shipping companies and crew, the Guide has been meticulously updated with input from leading experts in both the maritime and aviation sectors, including the Civil Aviation Authority…

On October 1, 2024, NYK began operation of a test engine facility in Chiba Prefecture to evaluate the safety of new fuels.The introduction of new marine fuels used to necessitate testing and analysis at external engine facilities, in addition to trial operations, all of which would require about two years to complete. Shortening this period and reducing the cost of testing have been key to meeting the increasing demand for new fuels, such as biofuels, and satisfying the environmental regulatory measures of various countries.

ClassNK has classed the ammonia-fueled tugboat ‘Sakigake’ completed by Nippon Yusen Kabushiki Kaisha (NYK Line) and IHI Power Systems Co., Ltd. as an ammonia-fueled vessel. This is the world's first ammonia-fueled vessel for commercial use (as of August 23, 2024, according to research by NYK). The NYK Group company Shin-Nippon Kaiyosha will employ the vessel in tugboat operations in Tokyo Bay over a three-month demonstration period.This vessel was a Green Innovation Fund Project initiated…

NYK’s ammonia-fueled tugboat Sakigake is commencing operation in Tokyo Bay.The vessel was the subject of a conversion project undertaken by NYK and IHI Power Systems, in cooperation with Nippon Kaiji Kyokai (ClassNK), and will be the world's first ammonia-fueled tugboat in commercial use.It is undertaking a three-month demonstration for NYK Group company Shin-Nippon Kaiyosha.The vessel’s predecessor, the LNG-fueled tugboat of the same name, was completed in August 2015 as the first LNG-fueled vessel in Japan.

NYK Bulk & Projects Carriers is timer chartering a methanol dual-fuel bulk carrier after reaching an agreement with Kambara Kisen.The 65,700dwt vessel is currently under construction at Tsuneishi Shipbuilding and is scheduled for delivery in spring 2025. This ship will be the first methanol-fueled bulk carrier operated by the NYK Group.The ultramax vessel’s primary fuels are expected to be bio-methanol and e-methanol as it transports various cargoes including grain and ore.

NYK Bulkship (Atlantic) N.V. has installed two wind-assist VentoFoils on the bulk carrier NBA Magritte at the port of Rotterdam. The vessel is engaged in a long-term charter contract with Cargill (USA).This is the first time a unit of this type has been installed on an NYK Group vessel.Sitting on a 20-foot-long (approximately 6-meter) flat rack container with no walls, the VentoFoil has a 16-meter vertical wing that acts as suction sail which expects about five times as much force compared to no-suction versions…

NYK and ENEOS Ocean Corporation have agreed to NYK’s acquisition of 80% of the shares of a new company to be established by ENEOS Ocean Corporation. The new company will take over ENEOS Ocean's shipping business through an absorption-type company split that will include the company’s LPG carriers, chemical tankers, product tankers, and dry bulk carriers.The demerger will not include ENEOS Ocean’s crude oil tanker business.The new company will operate 49 vessels, including 18 LPG carriers, 19 chemical and product tankers, and 12 dry bulk carriers.

As the IMO prepares for negotiations on regulations to support net-zero by 2050 at MEPC 81 in March, the World Shipping Council (WSC) has proposed a greenhouse gas pricing mechanism it calls the Green Balance Mechanism.The aim is to provide a new approach to greenhouse gas pricing which makes it possible to close the price gap between fossil fuels and green fuels, at the lowest possible overall cost:• Through the Green Balance Mechanism, fees are taken from fossil fuels and allocated to green fuels used…

An LNG-fueled capesize bulk carrier, ordered by NYK and to be deployed to transport iron ore and coal from Australia to Japan under a long-term consecutive voyage charter contract with JFE Steel Corporation (JFE), has been delivered.The naming ceremony for the vessel was held on January 30, 2024, at Japan Marine United Corporation's Tsu Shipyard in Mie Prefecture.The vessel is the first capesize LNG-fueled bulk carrier to be built at a shipyard in Japan, according to an NYK research.The vessel was named ‘SG Ocean’ to reflect the ‘SG’ of NYK's ‘Sail GREEN’ brand…

On January 17, the NYK Group and Stolt Tankers held a ceremony in Singapore to commemorate the 30th anniversary of the start of the companies’ parcel chemical tanker joint venture in Asia and the Pacific.A parcel tanker is a multipurpose chemical tanker capable of carrying many types of cargo, including chemical products, kinetic vegetable oil, etc.The ceremony was attended by Yuji Nishijima, executive officer of NYK; Bjarke Nissen, managing director of Stolt Tankers; and Masahito Hirano…

Japanese shipping major NYK Group has marked the start of construction of a test facility that will serve to assess the safety of biofuels and accelerate their practical application as marine fuels.NYK plans to complete the installation of the test engine in June and analyze the biofuel in combustion tests over the next three years.The test engine will be a reused generator from the tugboat Sakigake, which is currently being converted to an ammonia-fueled tug, according to NYK.NYK companies Boltech.

NYK Group’s Hokuyo Kaiun has received certifications from ClassNK for the safety management system (SMS) of its crew transport vessel (CTV) for the offshore wind industry.The certifications, ISO 9001:2015 and ISO 45001:2018, were obtained by combining the experience of Hokuyo Kaiun, which operates and manages the CTV Rera As for the Ishikari Bay New Port offshore wind farm in Hokkaido Prefecture, with the knowledge of NYK.This certification will enable Hokuyo Kaiun, which mainly operates towing vessels in Japan…

The NYK-TDG Maritime Academy (NTMA), a merchant marine academy jointly operated by NYK and the Transnational Diversified Group (TDG) near Manila, Philippines, held a commencement ceremony for 96 students, the academy’s 12th batch of graduates.In his congratulatory speech, NYK President Takaya Soga said, "NYK Line, in its 138 years of existence, has survived countless crises and adversities. I believe that your academy has prepared you to face the world outside its halls because you experienced the unprecedented COVID-19 pandemic.

The NYK Group, Stolt Tankers, and ENEOS Ocean launched a chemical ship pool business in the Asia-Pacific region in October.Shipowners and operators pool their vessels and undertake transportation services at the request of shippers. The pool business allows more flexible transportation services that utilize economies of scale, NYK said.The project started with 13 vessels, comprising two chemical tankers owned by ENEOS Ocean and 11 chemical tankers owned by a joint venture between…

On October 23, NYK held its annual roundtable discussion on current conditions and issues on board vessels, highlighting the role of communications in ship safety.The meeting was held at the NYK head office in Tokyo in a hybrid format and attended by more than 150 participants, including three captains and three chief engineers on leave, the captain and chief engineer on board the car carrier Iris Leader, the captain aboard the crude oil tanker Tensho, 22 executive officers, and…

Japan's NYK Line has recently taken delivery of the LNG-fueled pure car and truck carrier (PCTC) Sweet Pea Leader at Tadotsu Shipyard Co., Ltd., a member of the Imabari Shipbuilding Group. This is NYK's seventh LNG-fueled PCTC, with NYK planning to introduce a total of 20 new LNG-fueled PCTCs by 2028 as a bridge-solution to achieve net-zero emissions of greenhouse gas (GHG) by 2050 for the NYK Group's oceangoing businesses."Like NYK's other LNG-fueled PCTCs, the vessel was named…

Japan's NYK Line said Thursday its NYK Bulk & Project Carriers Ltd. (NBP), Oshima Shipbuilding Co., Ltd. (OSHIMA), and Sumitomo Corporation (SUMITOMO) had signed a memorandum of understanding to study, design, and construct the world’s first Handymax bulk carrier (ammonia dual fuel type) dedicated to the transport of copper products, that will reduce CO2 emissions to zero.The MoU signing comes just a year after Corporación Nacional del Cobre de Chile (CODELCO), a Chilean state-owned company and one of the world's leading copper producers, and NYK Bulk & Project Carriers Ltd.

Tel Aviv-based maritime technology company Orca AI is continuing its collaboration with NYK Group subsidiary MTI and partners in the second development stage of the MEGURI2040 project administered by the Nippon Foundation.MTI, alongside sister entity Japan Marine Science Inc, is spearheading the Designing the Future of Fully Autonomous Ships Plus (DFFAS+) consortium comprising 51 Japan-based companies that will work together on the next phase of MEGURI2040.While the OECD projects that maritime trade volumes could triple by 2050, a skilled crew shortage is growing globally.