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MT-FAST Receives Japan's 2018 Minister of the Environment Award

December 3, 2018


Nippon Yusen Kabushiki Kaisha
MTI Co. Ltd.
Tsuneishi Holdings Corporation


MT-FAST, a fuel-saving device jointly developed by NYK Group company MTI Co. Ltd. and Tsuneishi Holdings Corporation, has been recognized with Japan’s 2018 Minister of the Environment Award. An awards ceremony was held today and attended by Hidetoshi Maruyama, senior managing corporate officer at NYK; Yasuo Tanaka, president of MTI; and Kenji Kawano, president of Tsuneishi Holdings Corporation.

MT-FAST is a multi-blade fuel-saving device that can be attached to a ship’s hull to improve the propeller's propulsion efficiency. The device can be fitted to new vessels and retroactively fitted to existing vessels. Since 2008, it has been installed on ships built at Tsuneishi shipyards and NYK Group–operated bulk carriers and containerships, reaching a 500-vessel milestone and reducing carbon dioxide (CO2) emissions by about 1,341,000 tons over the past 10 years. This award was granted by the Environment Ministry in recognition of the three companies’ initiatives to promote installation of the fuel-saving device.




From left, Yasuo Tanaka, MTI president; Yoshiaki Harada, Minister of the Environment of Japan; Hidetoshi Maruyama, NYK senior managing corporate officer; Kenji Kawano, president of Tsuneishi Holdings Corporation
 

The three companies will continue to promote installation of the fuel-saving device, and will develop technology that will reduce environmental burdens to address environmental issues together with the entire maritime industry.


* Minister of the Environment Award
The award was established in 1998 by Japan's Ministry of the Environment and is given every year in December to coincide with Global Warming Prevention Month. The recognition is presented to individuals and groups that have shown remarkable achievements in addressing climate change. This is the third time the NYK Group has been an award winner. In 2012, the NYK Group was honored for its development and operation of an energy-saving vessel-bottom air lubrication system, and in 2015 NYK was recognized for its development and operation of the Ship Information Management System (SIMS).


- Reference
Announcement on August 2, 2018, “MT-FAST Fuel-saving Device Installed on 500 Vessels,”
https://www.nyk.com/english/news/2018/1191172_1687.html

Announcement on February 14, 2008, “MTI Develops MT-FAST Fuel-Saving Device,”
https://www.nyk.com/english/news/2008/0214_01.htm

- MTI Co. Ltd.
Head office: Tokyo
President: Yasuo Tanaka
Shareholder: NYK 100%
Website: https://www.monohakobi.com/en/

- Tsuneishi Holdings Corporation
Head office: Hiroshima
Representative: Hirotatsu Kambara
Website: https://www.tsuneishi-hd.com/english/
 

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