News & Events

Ice-Breaking LNG Carrier for Yamal LNG Project Named NIKOLAY URVANTSEV

Mitsui O.S.K. Lines, Ltd. announced that on 18 July, a naming ceremony for an ice-breaking LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME). As a crowd of VIPs, including personnel from PAO Novatek, the main shareholder of the Yamal LNG project, looked on, the newbuilding vessel was named the “Nikolay Urvantsev”. The name “Nikolay Urvantsev” was chosen in honor of the famous Russian Arctic explorer and geologist. The “Nikolay Urvantsev” is the sister vessel of the “Vladimir Rusanov” and “Vladimir Vize”, which started transport service in 2018 under a long-term charter contract to transport LNG for the YAMAL LNG Project. The Nikolay Urvantsev is also scheduled to go into service for the Yamal LNG project following its delivery in July in DSME and an ice-breaking navigation without ice-breaker support through the Northern Sea Route towards the Yamal LNG plant at Sabetta Port in Russia. MOL made an official decision to participate in the Yamal LNG Project in July 2014, and the construction of the vessels commenced in May 2016. To manage plan approvals on the design and construction of the vessels, MOL has worked closely with DSME, Yamal LNG Project personnel, and other operators of the ice-breaking LNG carriers in the project, as well as consultants. The vessel not only has a high icebreaking capability of up to 2.1m, but also has a double-acting ice-breaking system to enable the vessel to navigate astern. With the addition of extreme cold specifications designed to withstand temperatures of -52°C, this vessel is truly state-of-the-art and reflects MOL’s proactive attitude to new technical challenges. In addition to the Ice-Breaking LNG carriers, construction of the four conventional LNG Carriers, destined for the Yamal LNG Project announced in […]

News & Events

Ice-Breaking LNG Carrier for Yamal LNG Project Named NIKOLAY URVANTSEV

Mitsui O.S.K. Lines, Ltd. announced that on 18 July, a naming ceremony for an ice-breaking LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME). As a crowd of VIPs, including personnel from PAO Novatek, the main shareholder of the Yamal LNG project, looked on, the newbuilding vessel was named the “Nikolay Urvantsev”. The name “Nikolay Urvantsev” was chosen in honor of the famous Russian Arctic explorer and geologist. The “Nikolay Urvantsev” is the sister vessel of the “Vladimir Rusanov” and “Vladimir Vize”, which started transport service in 2018 under a long-term charter contract to transport LNG for the YAMAL LNG Project. The Nikolay Urvantsev is also scheduled to go into service for the Yamal LNG project following its delivery in July in DSME and an ice-breaking navigation without ice-breaker support through the Northern Sea Route towards the Yamal LNG plant at Sabetta Port in Russia. MOL made an official decision to participate in the Yamal LNG Project in July 2014, and the construction of the vessels commenced in May 2016. To manage plan approvals on the design and construction of the vessels, MOL has worked closely with DSME, Yamal LNG Project personnel, and other operators of the ice-breaking LNG carriers in the project, as well as consultants. The vessel not only has a high icebreaking capability of up to 2.1m, but also has a double-acting ice-breaking system to enable the vessel to navigate astern. With the addition of extreme cold specifications designed to withstand temperatures of -52°C, this vessel is truly state-of-the-art and reflects MOL’s proactive attitude to new technical challenges. In addition to the Ice-Breaking LNG carriers, construction of the four conventional LNG Carriers, destined for the Yamal LNG Project announced in […]

Yang Ming to Launch New India-Europe Direct Service “IEX”

Yang Ming Marine Transport Corp. (Yang Ming) will launch a new service, East India and North Europe Express (code: IEX). The first voyage will begin from Vizag on Oct 26th 2019. The new service is jointly operated by Yang Ming, COSCO SHIPPING Lines, Hapag-Lloyd, Ocean Network Express(ONE), and OOCL with a fleet of nine 6,500 TEU vessels. The port rotation for the weekly service is Vizag – Krishnapatnam – Chennai – Tuticorin – Colombo – Cochin – Damietta – Piraeus – Rotterdam – London Gateway – Hamburg – Antwerp – Le Havre – Damietta – Jeddah – Colombo – Vizag. IEX is the first direct service from East and South India to North Europe. It will shorten transit time and provide more frequencies between Damietta, Piraeus and North Europe. Given the market demand between Europe and South Asia and in order to meet customer requirements worldwide, Yang Ming pledges to continue enhancing its global service network and providing customers with more reliable and comprehensive delivery services. Further information about the service network is available at Yang Ming website (www.yangming.com). Please contact Yang Ming local offices for more details. Source: Yang Ming Marine Transport Corp

Transport Canada fines a vessel for contravening the speed restriction in the Gulf of St. Lawrence Français

Endangered whales such as the majestic North Atlantic right whale deserve to swim danger-free in Canadian waters. That is why the Government of Canada has introduced several measures to address risks they face by marine shipping and fishing activity. One of the implemented measures includes speed restrictions in certain zones in the Gulf of St. Lawrence, and when a vessel contravenes the restriction, the Government of Canada takes swift action. To that end, today, the Honourable Marc Garneau, Minister of Transport, announced that the department is fining a vessel for alleged non-compliance of a temporary mandatory speed restriction. The vessel will be issued a $6000 fine. On July 8, 2019, Transport Canada implemented additional precautionary measures to those already in effect since April 28, to address the risks whales face from vessel activity. These included expanding the current slowdown zone further east where vessels are required to travel at 10 knots throughout the season, and a new slowdown shipping lane where vessels are required to slow down to 10 knots when a North Atlantic right whale is spotted in the area. Mandatory speed restrictions were expanded to include any vessel over 13 metres long; previously the restriction applied to vessels 20 metres and over. In addition, Transport Canada augmented its whale monitoring activity by its National Aerial Surveillance Program and increased surveillance to two flights per day, weather permitting. Information from increased surveillance will be analyzed to determine best practices and inform any additional measure that may be required to protect whales this season. To ensure speed restriction compliance, Transport Canada along with the Canadian Coast Guard’s Marine Communications and Traffic Services Centres monitors marine traffic in the Gulf of St. Lawrence. While the shipping industry has been overwhelmingly compliant in respecting the speed limit in the designated areas, Transport […]

NYK Selected for FTSE4Good Index for 17th Straight Year and FTSE Blossom Japan Index for 3rd Consecutive Year

NYK has been selected as an index component for FTSE4Good Index Series, the major evaluation benchmark of ESG (Environmental, Social, and Governance) indices for the 17th straight year, and FTSE Blossom Japan Index, the benchmark of performance of Japanese corporations with excellent responses to ESG issues for the third consecutive year. Thus, NYK has become the constituent of the all four indices used by Japan’s Government Pension Investment Fund (GPIF), one of the world’s largest pension funds, as references for making its ESG investments: FTSE Blossom Japan Index, MSCI Japan ESG Select Leaders Index, MSCI Japan Empowering Women Index (WIN), and S&P/JPX Carbon Efficient Index In accordance with the medium-term management plan “Staying Ahead 2022 with Digitalization and Green” announced in March 2018, NYK integrated ESG principles into management strategies. NYK continues to contribute to the sustainable development of society and enrichment of the company’s corporate value by addressing social and environmental issues though its business. – Five ESG Investment Indexes ・FTSE4Good Index Series The index consists of companies that meet global standards in terms of ESG developed by FTSE Russell, a global index provider that provides benchmarking, analytics, and data for investors worldwide. ・FTSE Blossom Japan Index An index created by FTSE Russell to measure the performance of Japanese companies with excellent responses to environmental, social, and governance (ESG) issues. ・MSCI Japan ESG Select Leaders Index An index created by the US index provider MSCI that is composed the stocks of companies with a relatively high ESG rating for each industry from among the top 500 Japanese companies by market capitalization. ・MSCI Japan Empowering Women Index An index created from a selection of companies with excellent gender diversity practices for each industry from among the top 500 Japanese companies by market capitalization. ・S&P/JPX Carbon Efficient Index An index is […]