[Special feature] The NYK Group : Diverse people working together to achieve growth

NYK Line marked its 125th anniversary in 2010. Our global operations support and enrich the lives of people around the world through monohakobi services. As our operations have grown, the number of people working at the NYK Group has increased and the people themselves have become more diverse. We will continue to contribute to society through safe and certain monohakobi, endeavoring to become a company that is truly needed by communities throughout the world.

Diversifying services

More is expected of logistics companies and they are shouldering greater responsibilities due to changes in global conditions that began in the early 20th century and continue on to this day, changes like productivity gains, increasing demand for goods, and globalization. NYK Line is responding not only with marine transport services but also with enhanced land and air logistics and peripheral services. We seek to enrich people’s lives with monohakobi and will continue to focus our operations on the delivery of “value.”

Expansion of offshore business

Skyrocketing oil prices in recent years have stimulated new development of offshore oil and gas fields, particularly in deep and ultradeep waters. This has brought renewed attention to drilling rigs, production facilities, and other offshore operations. NYK responded by establishing its Offshore Business Group in 2008. Together with our partners, we invested in Petrobras, Brazil’s state-run oil company, in June 2009 and are participating in a project for an ultradeepwater drillship. Applying our established expertise, we are expanding our business in the oil and gas supply chain, so that we now participate not only in transport but also upstream sectors like drilling, production and storage, and downstream sectors like receiving terminals.

This drillship is similar to the type of vessel to be used for this project

One of the biggest challenges in the drilling of oil and gas fields at extreme depths in excess of 1,500 meters is the positioning of the drilling rig. Our experience operating Chikyu (owned by the Japan Agency for Marine-Earth Science and Technology) has enabled us to accumulate expertise in dynamic positioning of a vessel at a fixed point for several months in an ever-changing sea. This expertise is now being put to work by Etesco Drilling Services LLC, a company that owns a drillship (scheduled for delivery in January 2012) that will be used by Petrobras and in which NYK invested in June 2009. This drillship is scheduled to drill off the coast of Brazil at a maximum depth of approximately 3,000 meters for a period of up to 20 years.

How FPSO works

NYK has accumulated expertise in the handling of delicate substances and in the management of ships through its petroleum, LNG, and LPG transportation services. We are now utilizing this expertise to expand into the upstream and downstream sectors of offshore business, including FPSO^*1 and FSRU.^*2 Our participation in the offshore production and storage of hydrocarbon will enable us to expand into related businesses, and the synergy effects with our transportation services will help us to strengthen relationships with customers and partners.

*1 FPSO
Floating Production Storage and Offloading: Production and storage of crude oil from offshore oil and gas fields by a floating facility for direct offloading to ships

*2 FSRU
Floating Storage and Regasification Unit: Acceptance of transported LNG at a floating offshore facility near the area where it is to be consumed for regasification prior to transportation to the final destination

Diversifying human resources

NYK Line has weathered numerous challenges since its founding in 1885, be they world wars, or oil crises, or the drastic appreciation of the yen after the Plaza Accord, and in all cases we responded by making fundamental changes in the structure of our business. The growth we have achieved has been possible because of the wide variety of people who work at the company. We take advantage of the human resources in our group to provide quality services that respond to the globalization and diversification of values triggered by the development of the BRICs and other emerging economies.

Diverse human resources support the NYK Group’s business

A place for all, regardless of gender, age, or nationality

Rieko Yamamoto
Third Officer

When I joined the company in 2007, there were already four female seafarers working on ships. On ship, there are people of all different nationalities, ages, and levels of experience who work together. Gender is just one aspect of your personality; you are able to work without excess attention paid to the fact that you are female. I am thankful every day that the male and female seafarers who went before me and the people around me were able to create this kind of environment.

Center row, 4th person from the left

Teaching cadets of all nationalities the importance of safe ship operation

Captain Oanca Codrut
Cadet-Ship Instructor
Maritime Training & Human Resources
NYK Shipmanagement Pte. Ltd.

In September 2008, I became an instructor on the NYK cadet^*1 training ship. My goal is to work from the concept of the NYK Maritime College^*2 to train cadets of all nationalities in the ideals of integrity, innovation, and intensity so that they become talented seafarers who are able to lead safe ship operations for the NYK fleet. It is my hope that our work will contribute to the growth of the NYK Group.

*1 Cadet
A trainee who is on ship to master the skills required for certification as an officer or engineer

*2 NYK Maritime
A seafarer training system at NYK to fulfill skill and expertise requirements to achieve safe ship operation

Integrity, Innovation, Intensity — the NYK Group Values

NYK Group Values 3 I’s World Meeting

The NYK Group Values of integrity, innovation, and intensity make up the essential character of those who work at NYK. The purpose of these values is to enhance the human skills and abilities of each employee and thus improve the strength of each company within the group. We engage in a number of activities in regions around the world in our effort to share and further develop these values. In November 2009, the NYK Group Values 3 I’s World Meeting was held in Tokyo to share experiences of the values being used in daily work activities, giving a range of participants from NYK offices around the world valued face-to-face interaction with one another and counterparts at the head office in Tokyo.

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