• 2020 September 27 11:29

    NYK and JMU introduce shipbuilding contract that guarantees propulsion in actual sea conditions

    Shipbuilding contracts typically guarantee ship speed by confirming the relationship between ship speed and horsepower in calm sea conditions without waves. Mutual confirmation then occurs during the sea trials that are conducted during construction, NYK said in its news release.

    However, calm voyages without wind and waves are rare during commercial voyages, and stormy weather conditions are often encountered. Therefore, it is generally the obligation of shipping companies to identify and procure ships that have good propulsion performance in actual weather conditions.

    Recently, with the improvement of satellite communications at sea and the progress of IoT technology, it has become possible to efficiently collect a variety of useful data. In the midst of fierce competition in international shipping, our company, which seeks further differentiate itself from others in ship performance, and JMU, which seeks to demonstrate the superior performance clause in the shipbuilding contract, have agreed to the introduction of an actual sea condition.

    Outline of Actual Sea Performance Guarantee
    After a ship goes into service, we will collect necessary data for a certain period of time, verify the data, and confirm the degree of achievement of the guarantee. This performance guarantee will confirm the relationship between ship speed and horsepower under sea conditions that include wind and waves.

    In addition to this guarantee, NYK Line and JMU will implement a PDCA improvement process and jointly work on the construction of other ship types in the future. Through many years of joint research between NYK Line and JMU, in addition to a common understanding of data processing, storage, analysis methods, etc., the two companies have established a cycle of feeding back obtained knowledge on design for the next new ship to continually improve performance.

    Future Outlook
    We plan to further develop this guarantee for verification of propulsion performance for many ship types, which is difficult to do in sea trials at the time of construction. We will conduct discussions with our partner shipyards on the performance of vessels in the actual sea conditions and make further improvements. By providing customers with well-performing vessels, we will also contribute to improving environmental consciousness throughout the supply chain.

    The NYK Group is dedicated to implementing into its management strategy the ESG initiatives found in the company’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” which was formulated in 2018 and promotes activities that contribute to the achievement of the SDGs through the company’s business activities. Efforts to reduce the environmental impact of all stakeholders by engaging in the development of vessels having excellent environmental performance together with our partners will contribute to the achievement of our goals.




2020 October 26

16:10 Average spot market price for Russian M100 product rose to RUB 12,430 pmt
15:46 Royal IHC and Suez Canal Authority successfully launch CSD HUSSEIN TANTAWY
15:34 EPS secures 15-year TC from STL for four dual fuel VLECs
14:52 RF Prime Minister approves list of checkpoints that can be crossed by foreigners with e-visas
14:31 Ocean Network Express to launch new intra Asia service
14:03 Port of Helsinki passenger traffic down 53.9% to 4.1 million in Jan-Sept 2020
13:06 Passenger turnover in Russian ports plunged by 73.9% in 9M’2020
12:59 ICS welcomes legally binding agreement to significantly improve the carbon efficiency of shipping
12:37 Delo Group and Russian Railways signed Agreement on cooperation in organization of rail container transportation
11:59 Stena Bulk branded class for tanker personnel opened at Admiral Makarov SUMIS
11:58 The Ocean Cleanup introduces first product made with ocean plastic pollution
11:30 NIBULON ranks first among Ukrainian shipyards
10:31 EMA and Keppel jointly awarded a research grant to pilot Singapore’s first floating Energy Storage System
10:15 Admiralteiskie Verfi shipyard delivered diesel-electric submarine Volkhov to RF Navy
09:50 MABUX: Bunker Market this morning, Oct 26
09:26 Oil market starts week with decreasing prices
09:09 Baltic Dry Index as of October 23

2020 October 25

15:27 USCG: Oil spill cleanup of Delaware Bay coastline continues
14:53 Richmond Council to host first public meeting with Hammersmith Bridge Taskforce
14:38 Deep water berth extension at Port of Halifax fully operational
13:27 Gothenburg Port Authority's Elvir Dzanic named as a member of Electrification Commission
12:43 Maritime NZ welcomes report to MPI
12:18 Oil spill response equipment and vessel rates in Singapore
11:04 GPA holds first virtual State of the Port

2020 October 24

15:47 Ocean transport of the first lot of railway coach to Myanmar completed
14:51 OOCL announces services changes and enhancements on Asia-Europe trade
13:28 Port Authority launches new campaign against litter
12:41 Hapag-Lloyd announces Ocean Tariff rates on East Asia - NEC and Mediterranean trade
11:06 CSD Hussein Tantawy successfully launched at IHC's shipyard in The Netherlands

2020 October 23

18:09 Baltic Data Flows: New HELCOM project seeks to harmonize and harvest environmental data at a pan-Baltic level
17:47 ICS welcomes legally binding agreement to significantly improve carbon efficiency of shipping
17:10 Anti-submarine ship Vice-Admiral Kulakov completes its business call to Greece
16:32 Bollinger Shipyards delivers 41ST fast response cutter to the U.S. Coast Guard
16:05 APM Terminals Poti signs a contract with Poti New Terminals Corporation for the development of dry bulk facility in the Poti Sea Port
15:31 HySHIP project clinches EUR 8M funding award
15:13 Krasnoye Sormovo shipyard launches dry cargo carrier Alfa Mercury
14:50 Self-propelled crane built for RF Navy’s Pacific Fleet arrived in Vladivostok having passed the Northern Sea Route
14:25 Equinor changes chief financial officer
14:06 Membrane technologies of GTT is an optimal solution for gas carriers, LNG bunkering and storage
13:23 MarineMax participates in the Fort Lauderdale International Boat Show
13:05 Wärtsilä selected to power new ‘super ferries’ series for P&O Ferries
12:55 An agreement made to explore the possibilities of green hydrogen export from Iceland to Rotterdam
12:04 Tallink Silja AB is forced to issue redundancy notice to Swedish crew members
11:41 Tallink to become the first shipping company to receive Sustainable Travel Finland label
11:09 Austal to further expand Australia support business through acquisition of BSE Maritime Solutions
10:53 NYK to make Gazocean a wholly owned subsidiary
10:19 Bunker market sees slight change of prices in the Port of Saint-Petersburg, Russia (graph)
09:55 National Gas Vehicle Association to propose priority measures for LNG bunkering support
09:33 Oil prices continue decreasing
09:18 Baltic Dry Index as of October 22
08:49 MABUX: Bunker market this morning, Oct 23
08:19 CMA CGM announces GRR from Asia to West Africa

2020 October 22

19:00 “K”Line online training for seafarers obtained DNV GL certification
18:04 Milaha reports QR 384 million in net profit for the nine months of 2020
17:41 Port of Los Angeles receives $9.9 million infrastructure development grant
17:36 Feasibility report on ship repair cluster development in Arkhangelsk Region to be completed in November 2020
17:29 MABUX releases weekly review of bunker market
17:05 Gothenburg Port Authority CEO becomes the member of newly established Electrification Commission
16:44 ABP’s ports in East Anglia keep agricultural products moving
16:14 ONE adds new service from Asia to Indian Subcontinent