Strengthening Competitiveness Through Differentiation

「The company worked to secure profitability by securing volume transportation contracts, including those from its core Middle East routes to Europe and Asia, and capturing spot cargoes, but was affected by weaker market conditions.」

「The company secured strong profitability by capturing high-freight spot cargoes in addition to stable volume transportation contracts, including those from its core Middle East routes to Europe and Asia.」

「For chemical tankers, the company secured operating profitability above its initial forecast by actively capturing spot cargoes in addition to stable volume transportation contracts, including those from its core Middle East routes to Europe and Asia. For dry bulk vessels, dedicated vessels operated smoothly and contributed to securing stable earnings. In the tramp fleet, centered on Post-Panamax and Handy vessels, the company was affected by weaker market conditions but worked to optimize vessel deployment and operations, mainly by placing vessels on contract cargoes, and secured operating profitability slightly above its initial forecast.」

「For chemical tankers, the company secured operating profitability above its initial forecast by actively capturing spot cargoes in addition to stable volume transportation contracts, including those from its core Middle East routes to Europe and Asia. For dry bulk vessels, dedicated vessels operated smoothly and contributed to securing stable earnings. In the tramp fleet, centered on Post-Panamax and Handy vessels, the company was affected by weaker market conditions in some areas but worked to optimize vessel deployment and operations, mainly by placing vessels on contract cargoes, and secured operating profitability slightly above its initial forecast.」

「For chemical tankers, the company secured operating profitability above its initial forecast by actively capturing spot cargoes in addition to stable volume transportation contracts, including those from its core Middle East routes to Europe and Asia. For dry bulk vessels, dedicated vessels operated smoothly and contributed to securing stable earnings. In the tramp fleet, centered on Post-Panamax and Handy vessels, the company was affected by weaker market conditions in some areas but worked to optimize vessel deployment and operations, mainly by placing vessels on contract cargoes, and secured operating profitability slightly above its initial forecast.」

「For chemical tankers, operating profitability improved significantly by actively securing spot cargoes from Asia, in addition to stable volume transportation contracts, including those from the company’s core Middle East routes to Europe and Asia.」

「For chemical tankers, operating profitability improved significantly by actively securing spot cargoes from Asia, in addition to stable volume transportation contracts, including those from the company’s core Middle East routes to Europe and Asia.」

「For chemical tankers, operating profitability improved significantly by actively securing spot cargoes from Asia, in addition to stable volume transportation contracts, including those from the company’s core Middle East routes to Europe and Asia.」

「For chemical tankers, the company actively secured stable volume transportation contracts from its core Middle East routes to Europe and Asia, as well as phosphoric acid from North Africa for transport to India and Pakistan and high-freight spot cargoes in Asia. As a result, profitability improved significantly from the summer onward. In the joint venture with a US operator, the partnership structure changed during the third quarter of the consolidated fiscal year, and the business transitioned to time charter contracts with profit sharing for the US operator.」

「For chemical tankers, the company actively secured phosphoric acid from North Africa and high-freight spot cargoes from Asia, in addition to stable volume transportation contracts from its core Middle East routes to Europe and Asia. As a result, profitability improved from August onward.」

「For chemical tankers, the company secured earnings through stable transportation, including volume transportation contracts from its core Middle East routes to Europe and Asia, as well as high-freight spot cargoes during periods of surging market rates. On return voyages, it also secured cargoes such as phosphoric acid from North Africa and palm oil from Asia.」

「For chemical tankers, operating profitability improved significantly by actively securing volume transportation contracts from the company’s core Middle East routes to Europe and Asia, as well as phosphoric acid cargoes from North Africa and highly profitable spot cargoes. In the joint venture with a US operator, profitability also improved as the company worked to optimize vessel deployment through volume transportation contracts and spot cargo collection.」

「For chemical tankers, the company worked to maintain operations by securing volume transportation contracts from its core Middle East routes to Asia and Europe, as well as effectively capturing spot cargoes. In its joint venture with a US operator, it also proceeded with replacing existing vessels with eco-friendly vessels and worked to optimize vessel deployment through volume transportation contracts and spot cargo collection. As a result, profitability showed signs of improvement.」

「For chemical tankers, the company worked to maintain operations by securing volume transportation contracts from its core Middle East routes to Europe and Asia, as well as spot cargoes.」

「For chemical tankers, the company worked to maintain operations by securing volume transportation contracts from its core Middle East routes to Europe and Asia, as well as phosphoric acid cargoes from North Africa and chemical cargoes originating on India’s west coast for transport to Asia. It also deployed a new chemical tanker, the largest vessel type in its fleet, in an effort to improve profitability.」

「For chemical tankers, operating profitability deteriorated due to weak market conditions. However, the company maintained stable operations by actively securing volume transportation contracts from its core Middle East routes to Europe and Asia, as well as phosphoric acid cargoes from North Africa and chemical cargoes originating on India’s west coast. It also deployed a new chemical tanker, the largest vessel type in its fleet, in an effort to improve profitability.」

「For Post-Panamax vessels, the company worked to secure stable earnings by deploying vessels at opportune times amid rising market conditions, placing them under volume transportation contracts and entering into new dedicated-vessel contracts, among other measures. As a result, operating profitability improved significantly.」

「For Post-Panamax vessels, the company worked to secure stable earnings by deploying vessels at opportune times amid rising market conditions, placing them under volume transportation contracts and entering into new dedicated-vessel contracts, among other measures.」

「In the shipping business, the company will strengthen competitiveness by accelerating its global expansion and providing integrated proposal-based sales to meet diversifying customer needs. As part of this effort, it newly entered into a time charter contract with Methanol Holdings (Trinidad) Limited for methanol transportation. The new medium-term plan identifies expanding the chemical tanker business globally, particularly by deploying vessels regularly to the Americas to capture shale-derived cargoes, as a priority initiative, and this contract will play an important role as a foothold for that expansion.」

「The company secured new contracts in the Middle East and the Americas and responded to increased demand for vessel capacity by sourcing vessels from the market during the period.」

「In addition, in the shipping business, the company will strengthen competitiveness by accelerating its global expansion and providing integrated proposal-based sales to meet diversifying customer needs.」

「In the shipping business, the company will strengthen competitiveness by accelerating its global expansion and providing integrated proposal-based sales to meet diversifying customer needs.」

「Coal carriers and chip carriers in the dry bulk fleet operated smoothly, while the company disposed of unprofitable Panamax vessels. It also deployed newly added Post-Panamax vessels under volume transportation contracts to secure earnings.」

「As a priority strategy for chemical tankers, the company will further strengthen its Middle East-origin cargo transportation services, reinforce cooperation with overseas partners to accommodate the expected increase in North American-origin cargo, and enter the Atlantic routes.」

「The first of the “3 priority initiatives” is “strengthening competitiveness through differentiation,” targeting such areas of the shipping business as chemical tankers and gas carriers.」