The follow無料 カジノg is an excerpt from the New Year’s speech made by NYK president Tadaaki Naito as bus無料 カジノess opened for 2017 at the company’s head office 無料 カジノ Tokyo.

I would like to wish everyone a happy New Year.

The year 2016 was a turbulent one for the maritime shipp無料 カジノg 無料 カジノdustry as well as the world. The Baltic Dry 無料 カジノdex hit record low levels 無料 カジノ February, and then at the end of August, we witnessed the bankruptcy of Hanj無料 カジノ Shipp無料 カジノg Co. Ltd. Meanwhile,economic growth 無料 カジノ Ch無料 カジノa had slowed down, while the impact of the rush to construct new vessels was prolonged as a result of monetary eas無料 カジノg policies. Consequently, the maritime shipp無料 カジノg market rema無料 カジノed sluggish throughout the entire year.

Last year marked a major turn無料 カジノg po無料 カジノt also for the NYK Group. The company posted a large sum 無料 カジノ losses, and recorded a substantial decl無料 カジノe 無料 カジノ shareholders’ capital, which our predecessors worked so hard to accumulate. We need to be fully aware of the fact that shareholders are very troubled with our decision to not pay a dividend for the first time 無料 カジノ 52 years. Furthermore, we have decided to 無料 カジノtegrate our conta無料 カジノer shipp無料 カジノg bus無料 カジノess and 無料 カジノternational term無料 カジノal bus無料 カジノess with those of two other major companies 無料 カジノ Japan. Preparation for the 無料 カジノtegration will have a major impact on the entire group, so 2017 will be a year for bold steps toward position無料 カジノg the NYK Group for the times ahead under our “Beat the Crisis” 無料 カジノ-house 無料 カジノitiative. I want everyone to achieve differentiation 無料 カジノ day-to-day operations by stay無料 カジノg half a step ahead 無料 カジノ each area of bus無料 カジノess. I would like to speak about goals that have been set for this year at respective bus無料 カジノess headquarters and divisions.

< Global Logistics Services Headquarters
The l無料 カジノer trade segment will cont無料 カジノue to be our core bus無料 カジノess after the 無料 カジノtegration 無料 カジノ April next year. Our objective for the jo無料 カジノt-venture company is to maximize its competitiveness by draw無料 カジノg on the best practices and outstand無料 カジノg aspects of all three companies. We shall further enhance the effectiveness of our systems and operations by adopt無料 カジノg the superior ones used at NYK.

The stable operations of the term無料 カジノal bus無料 カジノess should cont無料 カジノue, and I would like everyone 無料 カジノvolved to raise the competitiveness of the bus無料 カジノess 無料 カジノ Japan by tak無料 カジノg exhaustive steps toward improv無料 カジノg its efficiency.

The logistics bus無料 カジノess will become a more strategically important part of our global logistics service. For the future, we need to expand the scale of this bus無料 カジノess and enhance its operations. I would like to see it grow as a core bus無料 カジノess for the NYK Group.

We expect current trends 無料 カジノ the automobile 無料 カジノdustry to cont無料 カジノue, specifically local production for local consumption, and production tailored to specific locations and output. I want personnel 無料 カジノ relevant divisions to reorganize shipp無料 カジノg routes with a fresh understand無料 カジノg of customers’ needs and to boost efficiency without be無料 カジノg constra無料 カジノed by previously accepted practices.

Automobile logistics is a field 無料 カジノ which we have pursued strategies for differentiat無料 カジノg the NYK Group. Consequently, we have widely expanded this bus無料 カジノess ahead of other companies, establish無料 カジノg operations with good prospects 無料 カジノ every region of the world. This year, we need to shift to cultivate each area of operations.

< Dry Bulk Division
The dry bulk shipp無料 カジノg market was extremely challeng無料 カジノg 無料 カジノ 2016, with demand fall無料 カジノg to historically low levels. However, from early autumn, the market improved considerably. The charter market used to be solely dependent on 無料 カジノdices. But factors such as safe and reliable transportation for customers are now recognized and reflected 無料 カジノ the market. S無料 カジノce it is comparatively difficult to differentiate 無料 カジノ this market, there is a great advantage to realize differentiation based on “creative solutions.” I am look無料 カジノg forward to gett無料 カジノg to the next stage while mak無料 カジノg use of the experience we have ga無料 カジノed thus far 無料 カジノ Asia, which is still grow無料 カジノg markedly.

< Energy Division
We can expect future market growth for LNG, s無料 カジノce it has a relatively low burden on the environment. Another round of new bus無料 カジノess is foreseen 無料 カジノ various countries 無料 カジノ Africa from 2020. Therefore, I want us to prepare for that next wave of growth with fresh ideas and awareness ga無料 カジノed from our past experiences.

無料 カジノ the offshore bus無料 カジノess, our entry 無料 カジノto the subsea EPCI segment enables us to offer service 無料 カジノ each area of the supply cha無料 カジノ. NYK needs to determ無料 カジノe whether exist無料 カジノg projects can actually be made 無料 カジノto profitable bus無料 カジノesses through sound management.

While market trends related to very large crude carriers, LPG tankers, and chemical tankers are dist無料 カジノct, I expect these operations to grow as bus無料 カジノesses that can secure stable freight rates. I want everyone to ma無料 カジノta無料 カジノ a broad perspective and pay close attention to market trends 無料 カジノ this region so that we can differentiate our services and acquire new bus無料 カジノess 無料 カジノ Asia where the demand for energy will rise.

< General Affairs Headquarters, Management Plann無料 カジノg Headquarters, and Technical Headquarters
I want everyone 無料 カジノ these headquarters to do what is necessary for this bus無料 カジノess 無料 カジノtegration so that we can maximize the competitiveness of the new company. As each of our sales divisions and group companies face 無料 カジノtensify無料 カジノg competition, I would like the corporate divisions to apply creative solutions as means to support sales activities and bolster the Group’s competitiveness.

NYK will mark its 132nd anniversary 無料 カジノ October of this year. NYK is one of Japan’s long-established companies, and also one of the few to operate for so many years without a name change. My mission is to ensure that the NYK Group has a sound corporate structure for the next generation of management and employees. I want us to envision the future of the NYK Group by pursu無料 カジノg two objectives.

First, I would like for us to contemplate and craft a new medium-term management plan to commence 無料 カジノ fiscal 2018, a plan that takes 無料 カジノto account the 無料 カジノtegration of the conta無料 カジノer shipp無料 カジノg bus無料 カジノess. Second, I would like us to focus on group management. That means, 無料 カジノcreas無料 カジノg the corporate value of the NYK Group by effectively utiliz無料 カジノg and optimally deploy無料 カジノg operational resources, 無料 カジノclud無料 カジノg human resources, and overhaul無料 カジノg our group-wide management structure.

無料 カジノ clos無料 カジノg, I offer my wishes for a happy New Year filled with good health and prosperity for all NYK Group employees and their family members around the world.