Dec. 26, 2023
Promoting the growth strategy with ESG at its core

In March 2023, NYK formulated a new four-year medium-term management plan, "Sail Green, Drive Transformations 2026 - A Passion for Planetary Wellbeing. " This new plan is positioned as an action plan to achieve a new corporate vision for 2030, which reads as follows: "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."

Under the leadership of NYK President Takaya Soga, who was newly appointed in April, we have worked to implement the four basic policies of our management strategy in the first year of this medium-term management plan: "Make ESG core to the plan," "Execute an active investment strategy to expand the business in growth areas," "Accelerate decarbonization efforts based on the plan to achieve net zero by 2050," and "Further enrich human capital and corporate infrastructure."

Specifically, we are developing decarbonization initiatives that lead the shipping industry: the further introduction of LNG-fueled vessels, the completion of crew transport vessels for offshore wind farms, measures to establish an ammonia supply chain, and progress in liquefied CO2 transport technologies.
Furthermore, we set a new GHG reduction target in the "NYK Group ESG Story 2023," which was announced in November.

Regarding our DX initiatives, NYK was selected as a "2023 DX Grand Prix company" in recognition of implementing the "ABCDE-X*," formulated as a business strategy to realize its medium-term management plan. We also promote DX with external partners through collaboration in R&D areas, such as developing technology for autonomous vessels and avoidance navigation and systematizing tugboat attendance management and allowance calculation.

In 2024, the NYK Group will continue to work as one to steadily implement its medium-term management plan and achieve sustainable increases in corporate value.

Here are the top NYK Group news stories for 2023.

Formulating the new medium-term management plan and appointing NYK's new president
  • March, Notice of New Medium-Term Management Plan: "Sail Green, Drive Transformations 2026"
  • April, NYK's New President Makes Inaugural Speech
ESG management
Growth strategies and non-financial targets based on the NYK Group's material issues
  • November, NYK Issues NYK Group ESG Story 2023
Safety
Preventing serious accidents and incidents
  • August, NYK's Safety Management System for Its Offshore Wind Crew Transfer Vessel Certified by ISO
Responding to operational risks
  • September, NYK to Trial Mooring System to Suppress Hull Shaking with JERA and Trelleborg Marine Systems
Environment
Ammonia fuel
  • January, Parties Obtain World's First AiP for Ammonia Floating Storage and Regasification Barge
  • November, CODELCO and NBP Make Progress on World's First Zero CO2 Emissions Handymax Bulk Carrier
  • December, NYK Concludes Time Charter Agreement for Fuel Ammonia Transport
  • December, NYK, JERA, and Resonac Start Joint Study on Supplying Ammonia as Fuel to Vessels
  • December, NYK Conducts Long-Term Trial Use for Full-Scale Introduction of Biofuels
LNG Fuel
  • October, Conversion to Ammonia Fuel Begins for Pioneering Tugboat
  • October, World's First LNG-fueled Panamax Commences Operation
  • October, NYK Launches Seventh LNG-Fueled PCTC
Liquefied CO2, tidal energy generation, etc.
  • March, Electricity Generated from Tidal Energy to Be Supplied to Off-Grid Island for First Time in Southeast Asia
  • June, NYK Affiliate Receives Maritime Industry's First Approval for Ambient-Temperature Containment System for Liquefied CO2
  • June, NYK Chairman Speaks at Public-Private Sessions of G7 Transport Ministers' Meeting
  • August, NYK Receives Contract to Conduct Study on Marine Transportation of Liquefied CO2
Building sustainable supply chains
  • July, NYK Completes Vessel Dismantling in Bangladesh
Human Resources
Co-creating to achieve our mission of "Bringing value to life"
  • February, First Nigerian Seafarer Appointed as Captain of LNG Carrier
  • October, Kubota and NYK Group's MarCoPay Begin Supporting Filipino Seafarers' Purchase of Agricultural Machinery
  • December, NYK's Diversity and Inclusion Efforts Recognized with Best Workplace 2023 D&I Awards
Co-existing with local communities
  • July, NYK to Commence Operation of Crew Transport Vessel (CTV) for Ishikari Bay New Port Offshore Wind Farm
  • September, NYK Cruises Names New Cruise Ship "Asuka III" to be Completed in 2025
Digitalization Initiatives
  • January, NYK and Ghelia Form Business and Capital Alliance
  • June, NYK Selected as 2023 DX Grand Prix Company
  • July, NYK and AIS Collaborate to Systematize Tugboat Attendance Management and Allowance Calculation
  • August, RightShip, NYK, and Solverminds Collaborate to Enhance Operational Efficiency for Shipowners and Ship managers

*ABCDE-X
This medium-term business plan comprises two business strategies: key strategy (AX: Ambidextrous management; BX: Business transformation) with core business advancement and new business development as the two pillars and support strategy (CX: Talent, organization, group management transformation; DX: Digital transformation; EX: Energy transformation) to realize and develop the key strategy.

  • Medium-Term Management Plan
  • News Releases 2023

The news on this website is as of the date announced and may change without notice.

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Nippon Yusen KK published this content on 26 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 December 2023 03:29:34 UTC.