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NYK Achieves CO2 Reduction Goal from Vessels

June 9, 2014

In fiscal 2013, NYK achieved an 18.1 percent reduction in CO2 emissions, significantly exceeding the goal established in 2008 in the company’s "New Horizon 2010" medium-term management plan calling for a 10 percent reduction by fiscal 2013 in the CO2 emission rate per unit of transportation from vessels compared with the rate recorded in 2006.
NYK has worked “to contribute to the global environment and the creation of sustainable societies by managing environmental risks and arriving at an optimal balance between environment and economy,” as indicated in the company’s environmental management vision. This achievement is the product of not only the aggressive introduction and development of the latest energy-saving technologies, such as an air-lubrication system, but also a reduction activities in fuel consumption and CO2 emissions since 2005 resulting from a cooperative effort for efficient and optimal vessel operations and better stakeholder relations among NYK, shipowners, and ship-management companies.

This effort is expected to help NYK to attain the goal announced in 2011 in the company’s "More Than Shipping 2013" medium-term management plan: a 10 percent improvement in fuel-efficiency above the 2010 level by fiscal 2015. In fact, the company’s latest medium-term management plan, "More Than Shipping 2018," was announced in March 2014 and established a new goal of a 15 percent improvement in fuel-efficiency above the 2010 level by fiscal 2018.
The reduction of CO2 emissions is the responsibility of the entire worldwide shipping industry. As a leader in this field, NYK will continue its efforts to alleviate climate change by taking advantage of "creative solutions" initiated in "More Than Shipping 2018," such as a switch to liquefied natural gas (LNG) fuel and the promotion of fuel-consumption reduction activities.
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