Ceremony Held for Opening of Moscow Rep Office
May 29, 2006
Nippon Yusen Kaisha (NYK) held a ceremony in Moscow on May 15 for the opening of the company's Resident Representative, Moscow. The 300 participants included Russian government officials, representatives from local companies, university personnel, and individuals from foreign enterprises in Russia. At the ceremony, NYK received congratulatory messages from Yasuo Saito, Japanese ambassador to Russia, and Sergey Frank, president of JSC Sovcomflot, a state-owned Russian shipping company. NYK President Koji Miyahara concluded the event by promising to proactively contribute toward the development of Russia through monohakobi (monohakobi is Japanese for the "transport of goods").
The role of this rep office is to cultivate new business in Russia and Ukraine for the transport of bulk energy (such as gas and crude oil), containers, and cars, and in the field of logistics operations. The office also seeks to build relations with government agencies and shipping companies.
Over the past few years, NYK has expanded its bulk energy transportation business in Russia by participating in joint ventures with JSC Sovcomflot in both the Sakhalin II* and Tangguh** projects.
For NYK's logistics business, the company established a Russian logistics subsidiary, OOO NYK Logistics (CIS), in Moscow in August 2004. And to strengthen operations in the expanding container transportation business, OOO NYK Line (RUS) will be established in June 2006 as an agency for the local liner business.
In line with "New Horizon 2007," NYK's medium- to long-term management plan, the company has been looking to expand business activities in BRIC countries.*** Upon the opening of the Moscow rep office, NYK will further strive to grow its global logistics businesses in these countries.
Resident Representative, Moscow| Location | Leningradsky Prospekt, 8 125040 Moscow |
| Jurisdiction | Russia, Ukraine |
| Representative | Yukio Sakurai |
| Tel | +7-495-775-0739 |
| Fax | +7-495-775-0738 |
This project was initiated by Sakhalin Energy Investment Co., Ltd., and the Russian government for the purpose of recovering crude oil and natural gas from Sakhalin for export to Japan, China, Korea, and North America.
| Chartered by: | Sakhalin Energy Investment Co., Ltd. (Ownership: Shell 55%; Mitsui & Co., Ltd. 25%; Mitsubishi Corporation 20%) |
| Shipowner: | Joint venture established by NYK and JSC Sovcomflot (Ratio of capital contribution: NYK 60%, JSC Sovcomflot 40%) |
| Period of charter: | 20 years from commencement |
| Ship type: | Two LNG carriers: 145,000 m3 (moss spherical tank type) |
| Commencement: | Fourth quarter of fiscal 2007 |
A project to liquefy natural gas extracted from three gas fields (Berau, Wiriagar, and Mutsuri) in the Indonesian province of Papua and export the LNG to Mexico and Korea.
| Chartered by: | The Tangguh Production Sharing Contractors |
| Shipowner: | First carrier is owned by the joint venture established by NYK and JSC Sovcomflot Second carrier is owned by the joint venture established by NYK, JSC Sovcomflot, and PT Samudera Shipping Services |
| Period of charter: | 16 years from 2008 for the first carrier 20 years from 2008 for the second carrier |
| Ship type: | Two LNG carriers: 145,700 m3 (membrane type) |
| Commencement: | Fourth quarter of fiscal 2008 |
Brazil, Russia, India, and China: These countries have approximately 40% (2.6 billion) of world's population and are showing significant economic growth.