NYK and Uyeno Group Holdings have announced they have formed a business alliance to ‘address next-generation energy supply in Japan’, reads a NYK press release.
As part of their new alliance, NYK is taking a 10% stake in Uyeno Transtech, a domestic tanker operating company in the Uyeno Group.
Promoting low-carbonisation and decarbonisation
In a statement issued on 28 January, NYK and the Uyeno Group said they will be ‘promoting low-carbonisation and decarbonisation while supporting existing energy supply in terms of transportation during this energy transition period’.
They added that they will ‘consider collaboration in building a value chain for next-generation energies such as hydrogen and ammonia in Japan and developing advanced vessels such as autonomous ships and zero-emission fuel vessels’.
One-stop service for customers
Akira Kono, senior managing executive officer and chief executive of the Energy Division at NYK Line, commented: ‘I believe that this investment in Uyeno Transtech, which is also active in advanced initiatives, will be an opportunity to explore areas where synergies can be expected from a long-term perspective. In the future, while the supply chain in next-generation energy fields such as ammonia and hydrogen are being developed, we will work together to create new value, such as providing services that link oceangoing shipping with domestic coastal shipping.’
Gen Uyeno, president and chief operating officer of Uyeno Group Holdings, commented: ‘The Uyeno Group aims to learn from the advanced technological capabilities, experience, and wisdom that NYK has cultivated over many years, especially in advancing efforts to address various issues in the domestic shipping business. I am confident that our alliance will greatly contribute to the realisation of accident-free advanced vessels. Furthermore, while energy transformation progresses, NYK and the Uyeno Group will seek to create new value in the new energy field by working with each other in oceangoing shipping and domestic coastal shipping to create a one-stop service for customers.’
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Source: NYK
