December 25, 2023 -- Nippon Express (China) Co., Ltd. (Chairman: Sumitoshi Matsuo; hereinafter, "NX China"), and Nippon Express (Shanghai) Co., Ltd. (President: Toru Naono; hereinafter, "NX Shanghai"), both Group companies of NIPPON EXPRESS HOLDINGS, INC. (President: Mitsuru Saito), held a scholarship award ceremony at Shanghai Maritime University on December 5.
（Commemorative photo taken at Shanghai Maritime University）
Founded in 1912, Shanghai Maritime University (SMU) is one of the country's leading maritime universities in the development of forwarding management personnel, having been the first Chinese university to establish departments in transportation-related fields (transportation, shipping management, logistics management, and transport engineering).
NX China and NX Shanghai established a scholarship fund in January 2016 and concluded a memorandum of understanding with SMU to provide scholarships over a period of ten years. This year was the eighth in which these scholarships were offered, and ten SMU students selected as scholarship recipients attended the award ceremony.
Questions around this news
Who received scholarships at Shanghai Maritime University?
Ten Shanghai Maritime University students were selected as scholarship recipients and attended the award ceremony on December 5, 2023. The scholarships are provided through a fund established by Nippon Express (China) and Nippon Express (Shanghai), which made an agreement with the university to offer scholarships over a ten-year period. The 2023 ceremony marked the eighth year the scholarships were offered.
What is Shanghai Maritime University known for?
Shanghai Maritime University was founded in 1912. The release describes it as one of China’s leading maritime universities for developing forwarding management personnel. It also says the university was the first in China to establish departments in transportation-related areas, including transportation, shipping management, logistics management and transport engineering.
What does a holding company structure mean?
A holding company structure places a parent company above one or more other companies or business units. The parent commonly oversees strategy, governance or ownership, while operating companies conduct business activities. How responsibilities are divided depends on the organization’s design and the rules in the jurisdictions where it operates.
What is an endowed lecture series?
An endowed lecture series is an ongoing program of academic talks supported by funding set aside for that purpose. The endowment’s income or other designated funds can help cover speakers and event costs. Such a series can connect a university with outside organizations and provide a forum for teaching and discussion.
Executive Officer Sumitoshi Matsuo, Regional General Manager of the East Asia Region, told the audience at the award ceremony, "In January 2022 we transitioned to a holding company structure and changed our name to the NX Group as part of our efforts to become a logistics company with a strong presence in the global market. We will continue building sustainable logistics infrastructure and contributing to society through our business both in China and globally."
SMU expressed its high regard for the NX Group's sustainability management as well as its desire to further strengthen its partnership and exchanges with the NX Group through such programs as an endowed lecture series.
The NX Group remains positively committed to undertaking social contribution activities in East Asia to help develop human resources capable of playing active roles in the logistics industry.
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At a glance
- Company
- Nippon Express (China) Co., Ltd. and Nippon Express (Shanghai) Co., Ltd.
- Announcement
- Award
- Location
- Shanghai Maritime University
Key figures
- Scholarship fund established
- January 2016
- Scholarship provision period
- ten years
- Year of scholarships offered
- eighth
- Student recipients attending
- ten
People
- Sumitoshi MatsuoExecutive Officer and Regional General Manager of the East Asia Region
- Toru NaonoPresident of Nippon Express (Shanghai) Co., Ltd.
- Mitsuru SaitoPresident of NIPPON EXPRESS HOLDINGS, INC.
