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NYK to Establish NYK Course at Maritime Institutions in India

March 10, 2006

Nippon Yusen Kaisha (NYK) has formed alliances with the Tolani Maritime Institute (TMI) in the suburbs of Mumbai and the R.L. Institute of Nautical Sciences (RLINS) in Madurai to establish an NYK course for the education and training of future crew members.

One of the objectives in NYK's medium-term management plan, "New Horizon 2007," which was introduced in March 2005, is expansion of the company's maritime business. To achieve this goal, the company is scheduled to increase the number of vessels from 660 to 880 by the year 2010. With the increase in vessel numbers, the company needs to recruit approximately 200 foreign crew members and cadets each year. Therefore, the company established the Seafarer Planning Group at the headquarters in June 2005 to enhance the proactive recruitment and training of new crew members.

Through collaboration with these two maritime institutions in India, NYK is taking further steps toward the recruitment and training of future crew members and cadets, following the establishment of NYK courses at maritime universities in China, Croatia, and Romania.

Enrollment capacity for the NYK courses at each institution is 20 - 30 people. After completing a classroom program, the students will be provided with onboard training in navigation or engineering on NYK's vessels.

NYK established the Mumbai office of NYK Shipmanagement Pte. Ltd. in 2002 as a recruitment base for crew members in India. As a result, more NYK crew members are now from India than any other country except the Philippines. Last year, 18 cadets from India were hired, and training was conducted in line with requirements for acquisition of ship officers' licenses. NYK plans to recruit twice the current number of crew members by 2010.

NYK's recruiting and training programs for new crew members include the following:

1.China 1) Recruiting graduates of Dalian Maritime University and Wuhan University of Technology to provide onboard training on NYK's vessels.
2) Established an NYK course at Shanghai Maritime University to provide classroom education and onboard training for future crew members.
   
2.Philippines   Established a maritime university together with Transnational Diversified Group (NYK's business partner) in Canlubang, in the suburbs of Manila. The opening is scheduled for June 2007.
   
3.Romania Formed an alliance with Constanza Maritime University in Romania in December 2005 for the establishment of an NYK course.
   
4.Croatia Formed an alliance with the Department of Sea and Maritime Studies at the University of Split in December 2005 for the establishment of an NYK course.
   
5.India Formed alliances with the Tolani Maritime Institute (TMI) in the suburbs of Mumbai and the R.L. Institute of Nautical Sciences (RLINS) in Madurai in February 2006 for the establishment of an NYK course from fiscal 2006.

Picture [1]

Picture [2]

* Tolani Maritime Institute (TMI)

Picture[1]: the Sigining Ceremony Tolani Maritime Institute the Sigining Ceremony February 20, 2006 From Left, TMI Executive Director Mr.Ashok K.Srivastava, TMI Dean Capt.R.K.Razdan, NYK Senior Managing Director Mr.Takao Manji , NYK Shipmanagement CEO Mr.Takamaru Ishida

* RL Institute of Nautical Sciences (RLINS)

Picture[2]: the Signing Ceremony RL Institute of Nautical Sciences (RLINS) February 23, 2006 From Left, RLINS Jr.Secretary Mr.L.Ramasubbu, NYK Shipmanagement General Manager Masao Nakaya, RLINS President Dr.R.Lakshmipathy, NYK Senior Managing Director Mr.Takao Manji , NYK Shipmanagement COO Mr.A.K.Atre, RLINS Secretary Mr.L.Adimoolam, RLINS Principal Mr.M.Subramanian

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