NYK Cashes In on Weak Yen, Lower Oil Prices
Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) improved its annual net profit by 44% in the fiscal year ended March 31, 2015. NYK ended the FY2014 with YPY 47.6 billion...
View ArticleJapan Sets Aside USD 280 Million for Nacala Port Project
The government of Japan has agreed to provide Mozambique with a USD 280 million loan for the second phase of the Nacala Port Development Project, the allAfrica daily reports. The memorandum of...
View ArticleSea Shepherd Takes Japanese Whalers to Court
A US-based marine conservation organization Sea Shepherd Conservation Society has filed claims against Japan’s Institute for Cetacean Research (ICR) in the US District Court for the Western District of...
View ArticleTsuneishi to Use Drones in Shipbuilding
Japanese shipbuilder Tsuneishi Holdings Corporation participated in a demonstration test conducted by V-cube to verify whether it would be possible to inspect equipment and gather information using...
View ArticleIceland’s Whale Meat Heading for Northern Sea Route?
A freighter carrying 1,800 tonnes of fin whale meat arrived in Tromso, Norway late last week, non-governmental environmental organization Greenpeace said. Fin whales are an endangered species, listed...
View ArticleJapan Invests in Samoa’s Only Commercial Port
Japan has set aside a JPY 3.4 billion (USD 28.3 million) grant-in-aid to improve safety at the only commercial port on the Pacific island state of Samoa – Apia Port. Starting in January 2016, Apia Port...
View ArticleIndia Extends Iron Ore Export Deals with Japan and South Korea
The government of India has given its approval to renew long term agreements with Japanese and South Korean steel mills for the supply of high grade iron ore. The new agreements will run until March...
View ArticleJapan Not Backing Down from Whaling Plans
Japan has declared its intent to continue hunting whales in the Southern Ocean regardless of the conclusion of the International Whaling Commission (IWC) that Japan failed to demonstrate any need to...
View ArticleJapan, Thailand and Myanmar to Jointly Develop Dawei Port
Japan, Thailand and Myanmar have signed a Memorandum of Intent (MoI) to build the controversial Dawei Special Economic Zone in Myanmar as part of the “New Tokyo Strategy 2015 for Mekong-Japan...
View ArticleBoxship Kamala Ablaze in East China Sea
A Liberia-flagged container ship caught fire around midnight, July 11, some 220 miles west of the Japanese island of Kuchinoshima in the East China Sea, according to local media. The duty officer of...
View ArticleAstomos Energy and ENEOS Globe to Form VLGC Giant
Japan’s liquefied petroleum gas (LPG) importers – Astomos Energy and ENEOS Globe – have signed an agreement to cooperate in the area of international procurement, import and shipping of LPG, with a...
View ArticleJapanese Yards Clinch 98 Orders in June
June 2015 has been a very fruitful month for Japanese shipyards that received 98 export orders totaling in 4,671,040 G/T, against 91 export orders totaling 3,392,460 G/T in the same period in 2014,...
View ArticleJapanese Vehicle Shipping Trio in China’s Antitrust Probe
Japan’s three shipping companies specializing in vehicle transportation are being scrutinized by China’s National Development and Reform Commission due to alleged monopolistic practices. The companies...
View ArticleJapan’s Shipping Heavy Hitters Post Improved Quarterly Results
Three largest Japanese shipping companies – Mitsui O.S.K. Lines (MOL), Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (”K” Line) – have all posted improved net profit for the quarter ended June...
View ArticleBody Found on Ferry Ablaze off Hokkaido
Japan Coast Guard has found a body inside the ferry Sunflower Daisetsu, presumed to be the 44-year-old Kunihiko Orita, a navigation officer who went missing after the Ro/Pax ferry caught fire on...
View ArticleDawei Special Economic Zone Project Kicks Off
The governments of Myanmar and Thailand have signed a concession agreement with a consortium of private developers for the Dawei Special Economic Zone (Dawei SEZ) initial phase development. The...
View ArticleTsuneishi Delivers Bulker Newbuilding to ”K” Line
Japanese shipbuilder Tsuneishi Shipbuilding delivered the 81,600 dwt bulk carrier Camellia Bliss to compatriot shipping company ”K” Line in a ceremony held at Tsuneishi Factory on August 5. This is...
View ArticleSpotted: Sakhalin Enters 1K Club
Sakhalin Energy, the operator of Russia’s first LNG plant, offloaded the 1000th standard cargo of liquefied natural gas (LNG) at Prigorodnoye port on August 25, 2015. The jubilee cargo will be...
View ArticleSpotted: Sakigake Blazes Path into LNG Territory
Japanese shipping and logistics company NYK recently took delivery of the country’s first LNG-fueled tugboat named Sakigake, roughly translated as the pathfinder or the one that is the first to charge....
View ArticleWWL Starts Shifting Toyotas from Japan to North America
Norwegian RoRo shipping and factory-to-dealer logistics provider Wallenius Wilhelmsen Logistics AS (WWL) has signed an agreement with Japanese car maker Toyota Motor Corporation to provide ocean...
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