Fleet utilization constraints due to a shortage of seafarers
First written in FY2019-Q3. 4 of 9 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「Market conditions for domestic gas transportation remained firm as vessel supply and demand tightened due to regulations on seafarers' working hours under amendments to the Coastal Shipping Business Act and other laws, although cargo movements were sluggish because plants underwent scheduled repairs, the slack season began early as temperatures rose, and, from September onward, the start of the peak-demand season was delayed by the warm winter.」
It states that, although cargo movements were sluggish, vessel supply and demand tightened due to regulations on seafarers' working hours and market conditions remained firm. - FY2024-Q2RestatedAnnual report
「Market conditions for domestic gas transportation remained firm as vessel supply and demand tightened due to regulations on seafarers' working hours under amendments to the Coastal Shipping Business Act and other laws, although cargo movements were sluggish because several plants underwent scheduled repairs, the slack season began earlier than usual, and domestic demand remained chronically weak.」
It states that, although cargo movements were sluggish, vessel supply and demand tightened due to regulations on seafarers' working hours and market conditions remained firm. - FY2024-Q1Vessel supply and demand tightened due to regulations on seafarers' working hoursAnnual report
「Market conditions for domestic gas transportation remained firm as vessel supply and demand tightened due to regulations on seafarers' working hours under amendments to the Coastal Shipping Business Act and other laws, although cargo movements were sluggish because several plants underwent scheduled repairs and the slack season began earlier than usual.」
Regulations on seafarers' working hours under amendments to the Coastal Shipping Business Act and other laws are cited as a factor tightening vessel supply. It explains that market conditions remained firm despite sluggish cargo movements. - FY2022-Q2RestatedAnnual report
「In the industrial LPG segment, vessel supply and demand remained balanced, supported by firm demand for transfers between plants and the decline in the number of vessels in operation due to crew shortages, while」
The decline in the number of vessels in operation due to crew shortages continues to affect vessel supply and demand in domestic gas transportation. - FY2021-Q2WorsenedAnnual report
「Operating risks became apparent, including slower transportation demand due to the infectious disease and restrictions on crew changes to prevent its spread.」
It states that, in addition to the existing operating constraints caused by crew shortages, new operating constraints emerged in the form of restrictions on crew changes due to the infectious disease. - FY2020-Q3RestatedAnnual report
「Across the industry, supply and demand remained balanced, partly reflecting demand for offshore storage during repairs and the decline in the number of vessels in operation due to crew shortages.」
It continues to state that the decline in the number of vessels in operation due to crew shortages affected supply and demand in domestic gas transportation during the quarter. - FY2020-Q2MaterialisedAnnual report
「Across the industry, supply and demand remained balanced, partly reflecting demand for offshore storage during repairs and the decline in the number of vessels in operation due to crew shortages.」
It states that the decline in the number of vessels in operation due to crew shortages affected supply and demand in domestic gas transportation during the quarter. - FY2019MaterialisedAnnual report
「Although the decline in the number of operating vessels due to a shortage of seafarers also had an impact, vessel utilisation remained firm.」
The decline in the number of operating vessels due to a shortage of seafarers and its impact on vessel utilisation are also described for the current fiscal year. - FY2019-Q3First statedAnnual report
「Although the decline in the number of operating vessels due to a shortage of seafarers also had an impact, vessel utilisation remained firm.」
The company identifies as a new human resources risk the decline in the number of operating vessels due to a shortage of seafarers and its impact on vessel utilisation.