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Top News Items for NYK Group in 2003

December 18, 2003

• Logistics control firms established

  NYK Logistics (Europe) (January) and NYK Logistics (Asia) (August)

• Group management strengthened

  Board members of group companies concurrently appointed NYK executive officers (April)
  Business consolidation/reorganization of group companies:
  Yusen Trading Corporation/Kinkai Yusen Logistics/United Maritime Co., Ltd. established (October)

• Medium- and Long-Term Management Vision "NYK21 Forward 120" announced (May)

  Global Logistics Headquarters/Bulk & Energy Transport Headquarters established

• The renewed NYK Maritime Museum opened (June)
• Executive officer Kimiyuki Akitomi passes away (June)
• NYK president Kusakari appointed president of the Japanese Shipowners' Association (June)
• The 3rd Crystal passenger ship "Crystal Serenity" completed (June)
• NYK-managed LNG carriers mark milestone 2,000th "accident-free" sailing (July)
• Environment-friendly innovations adopted

  Anticorrosive steel plates/shipboard wind turbine generator/ship form for reducing wind resistance/solid ballast/navigation support system/ballast water disposal system (August-November)

• Joins project for development and operation of terminal dedicated to handling finished cars in Port of Dalian/letter of confirmation signed (September)
• Ship security certificate (ISSC certificate) obtained, the first received by a Japanese shipping company

  NYK-managed LNG carrier "Pacific Notus" receives ship security certificate based on ISPS Code (October)

• Long-term iron ore transport contract concluded for Baosteel International Economic & Trading Corporation Ltd. in Shanghai (November)
• Midterm earnings report published for 2004 fiscal year (ending in March 2004)

  New records set in consolidated revenues/recurring profit/midterm net income. Five-yen midterm dividends paid, annual dividend of 10-yen scheduled (November)