April 28, 2014: NYK Group Europe Ltd has had its full Authorised Economic Operator (AEO) status renewed by HMRC for a further 3 years.
HMRC officers paid special attention to the company's financial solvency, its full compliance with customs requirements, the demonstration of satisfactory management systems and, in particular, the operation of robust safety and security standards across the business.
In 2009, NYK Group Europe Ltd became one of the first UK-based companies to obtain full AEO status and the recent audit process is part of the regular re-evaluation that is required to maintain the certificate.
AEO status is the EU response to the need to secure international supply chains. It is based on, and is compatible with, the World Customs Organisation's SAFE Framework of Standards which is being implemented by customs authorities across the globe. Full AEO status is awarded to businesses which have proved themselves to be compliant, trustworthy, safe and secure.
NYK Group Europe's Executive Vice President and Chief Operating Officer, Svein Steimler said: "We are delighted to have had our AEO status renewed and feel it recognises our commitment to safety, security and compliance, it is a testament to the thorough work of all our staff."
ABOUT NYK GROUP
Nippon Yusen Kabushiki Kaisha is one of the world's leading transportation companies. At the end of March 2013, the NYK Group was operating 846 major ocean vessels, as well as fleets of planes, trains, and trucks. The company's shipping fleet includes 389 bulk carriers, 126 containerships (including semi-containerships), 120 car carriers, 82 tankers, 51 wood-chip carriers, 28 LNG carriers, 18 heavy-load carriers / conventional ships, three cruise ships, and 29 other ships. NYK's revenue in fiscal 2012 was about $23 billion, and as a group NYK employs about 55,000 people worldwide. NYK is based in Tokyo and has regional headquarters in London, New York, Singapore, Hong Kong, Shanghai, Sydney, and Sao Paulo.