Risk of Tighter Environmental Protection and Safety Regulations
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2020.
Nippon Yusen moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「Fuel oil prices increased because the strengthening of international sulfur oxide emissions regulations implemented from January 2020 required a shift to the use of compliant low-sulfur fuel oil.」
The low-sulfur fuel regulations took effect in January 2020, and the impact of compliance costs has been reflected in the shift to compliant fuel and higher fuel prices. - FY2020-Q3RestatedAnnual report
「In the dry bulk transportation segment, although the number of newbuildings delivered exceeded the number of vessels scrapped, the increase in vessels entering dry dock, primarily Capesize vessels, in preparation for environmental regulations commencing in January 2020 had the effect of tightening vessel supply.」
It has been reconfirmed that the increase in vessels entering dry dock in preparation for environmental regulations commencing in January 2020 affected the tightening of vessel supply. - FY2020-Q2RestatedAnnual report
「In the dry bulk transportation segment, although the number of newbuildings delivered exceeded the number of vessels scrapped, the increase in vessels entering dry dock, primarily Capesize vessels, in preparation for environmental regulations commencing in January 2020 tightened the supply-demand balance and improved market conditions.」
The number of vessels entering dry dock has increased in preparation for environmental regulations commencing in January 2020, and compliance measures and their business impact continue to be disclosed. - FY2019WorsenedAnnual report
「To comply with the low-sulfur fuel regulations introduced by the International Maritime Organization (IMO) from 2020, the Group will use higher-cost compliant fuel than before. Meanwhile, continued use of high-sulfur fuel will require capital investment to retrofit vessels with desulfurization equipment. The Group will seek to pass on the resulting cost increases through freight rate increases or the application of bunker surcharges, but its operating results and financial position may be affected if it is unable to pass on all of the costs.」
In addition to the costs of complying with the 2020 regulations, the possibility of operating disruptions due to an inability to pass on costs and insufficient supply capacity for compliant fuel has been specified. - FY2018WorsenedAnnual report
「Specifically, in response to low-sulfur fuel regulations to be strengthened from 2020, the Group will be required to use higher-cost compliant fuel than before. Continuing to use conventional high-sulfur fuel will require capital investment to retrofit vessels with exhaust gas desulfurization equipment, and substantial increases in fuel and capital costs are expected.」
The deadline of 2020 and the possibility of substantial cost increases due to higher-cost fuel and investment in desulfurization equipment have been specified in relation to compliance with the low-sulfur fuel regulations. - FY2017RestatedAnnual report
「If costs related to these measures increase due to tighter regulations and rising social expectations concerning environmental protection, including the prevention of global warming and air pollution and the conservation of biodiversity, as well as safety and security measures, or if compliance with laws or regulations in a particular region becomes difficult, the Group's business operations in that region may be restricted, which may affect its operating results and financial position.」
The possibility of higher costs and restrictions on business operations due to tighter environmental, safety and security regulations has been reconfirmed. - FY2016First statedAnnual report
「If costs related to these measures increase due to tighter regulations and rising social expectations concerning environmental protection, including the prevention of global warming and air pollution and the conservation of biodiversity, as well as safety and security measures, or if compliance with laws or regulations in a particular region becomes difficult, the Group's business operations in that region may be restricted, which may affect its operating results and financial position.」
The possibility of additional costs and restrictions on business operations arising from tighter regulations is indicated.