NYK SAYS READY FOR YEAR 2000

NYK SAYS READY FOR YEAR 2000

   NYK Line said that its systems and ships are ready for the year 2000 date change.
    The Japanese group started to review its year 2000 compliance in 1996, a program that is projected to have cost about $5.6 million, excluding scheduled system upgrading.
    NYK said that it has tried to assess whether its vendors, such as agents, container terminals, computer vendors, were also year 2000 compliant. But NYK "regretfully, could not confirm the compliance of suppliers in some regions."
    "In these instances, we have replaced or are in the process of replacing their services," the Japanese group said.
NYK has about 5,000 vendors worldwide.