Japan
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Asia
New NYK president demands ‘rational approach’ to fleet development
Tokyo: The new president of Japanese shipping line, Nippon Yusen Kaisha, has vowed to be more prudent when it comes…
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Americas
Japanese group comes together again for Brazil FPSO project
Tokyo: MODEC, Mitsui & Co, Mitsui OSK Lines (MOL) and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will…
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Asia
Japanese shipbuilding giants join forces for LNG repair venture
Tokyo: Japan’s ongoing consolidation of its shipyard scene has seen two of the biggest names in the sector come together…
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Asia
Muto admits MOL ‘went off course’ in failing to hit financial targets
Tokyo: The outgoing president of Japan’s Mitsui OSK Lines (MOL) has admitted the company has veered off track in the…
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Asia
MOL names new president and chairman
London: Junichiro Ikeda is to take over the role of president of Mitsui OSK Lines (MOL) from Koichi Muto, who has been named…
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Americas
Petrobras to close its Okinawa refinery
Tokyo: Petrobras will close its refinery in Okinawa as part of a withdrawal from Japan. Economic conditions, particularly declining oil…
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Asia
Sasebo set for expansion
Tokyo: Following a decade of contraction, shipbuilding on Japanese soil is experiencing a renaissance of sorts. This January, Imabari Shipbuilding…
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Asia
NYK sets up new employment scheme for Japanese seafarers
Tokyo: NYK has decided to implement a new employment scheme to get more Japanese seafarers with specialist knowledge on its…
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Asia
MOL rebrands project divisions
Tokyo: Mitsui O.S.K. Lines (MOL) has created a unified brand — MOL Project & Heavy Cargo — as it looks…
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Asia
ClassNK back at the top of the class
Tokyo: DNV GL’s time at the top of the ship classification league did not last long. Japan’s ClassNK announced today…
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Asia
Japanese builders working on liquid nitrogen carriers
Tokyo: Japan Inc has set the wheels in motion for a future energy mix involving hydrogen and to this end…
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Asia
New gas star set to rise in Japan
Tokyo: Effective April 1 a new name in LPG shipping is set to rise from Japan. Gyxis Corporation is the…
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Americas
NYK employee gets 15 months in US jail for price fixing conspiracy
San Francisco: An employee of Japanese shipping giant NYK was sentenced to 15 months in a US prison and fined…
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Asia
Singapore Shipping Corporation charters PCTC to NYK
Singapore: Singapore-listed Singapore Shipping Corporation (SSCL) has fixed a term loan facility of up to $77m with an unspecified Japanese…
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Asia
NYK sells Crystal Cruises to Genting for $550m
Hong Kong: Japan’s shipping giant Nippon Yusen Kaisha is selling Crystal Cruises to Genting Hong Kong for $550m. The deal…
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Asia
LNG the big winner in K Line’s 2020 vision
Tokyo: A dramatic growth in its LNG fleet forms a key plank in K Line’s new mid-term management plan announced…
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Asia
NYK and K Line conclude VLGC charters with Astomos
Tokyo: NYK and K Line have concluded time-charter contracts for new VLGCs with fellow Japanese firm, Astomos Energy Corporation. NYK’s…
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Asia
MOL confirms 20,000 teu sextet
Tokyo: The rapid escalation in boxship size has seen the 20,000 teu barrier broken officially for the first time. Japan’s…
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Asia
NYK debuts unique car carrier route
Tokyo: NYK has started a car carrier service linking Mexico, North America, and East Asia. The Trans Pacific Express service…
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Asia
MOL secures E.ON contract, orders two DSME LNG carriers
Tokyo: Mitsui OSK Lines (MOL), via a joint venture shipowning company with Itochu Corporation, has secured charter agreements with Germany’s…
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