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Nippon Foundation offers $100m in support for World Maritime University

Industry benefactor Nippon Foundation has offered $100m to support and expand the World Maritime University (WMU) in Malmo.

Marcus Hand, Editor

May 22, 2015

1 Min Read
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Speaking at the opening the University’s new campus this week Nippon Foundation chairman Yohei Sasakawa said the charity was willing to set up a special endowment fund worth $100m.

He said the fund would used to help the university establish itself as “an ocean and maritime research institution engaged in multi-disciplinary scientific research in the marine field.

Nippon Foundation also pledged a further $3m per year for 10 years to continue its existing student fellowship programme and enhance the Nippon Foundation Chair.

“It is my wish for WMU to keep moving forward to establish itself as an educational and research institution that can address ocean issues from not just the maritime but the greater oceanic field,” Sasakawa said.

IMO secretary-general Koji Sekimizu said: “The oceans and the shipping industry, both so vital to the future of mankind, must have leaders that are very well versed in ocean policy matters and can take a global view of the oceans and shipping.  

“WMU will provide those leaders, and the pledge made by the Nippon Foundation today is a major step forward in achieving the expansive and innovative strategic directions adopted by the Board of Governors.” 

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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