The Japanese Defense Minister Takeshi Iwaya informed on April 23 that a US-chartered ship will join this month a deep-sea search for an F-35A fighter jet that recently crashed in the Pacific. The ‘Van Gogh’ will take part in the search effort by the Maritime Self-Defense Force and US forces off Aomori Prefecture. he jet crashed on April 9 during an Air Self-Defense Force night exercise after having taken off from Misawa Air Base in Aomori.
Two new cruise piers are expected to open in Japan’s second largest city, Yokohama, in April and November 2019, in line with an overall trend that wants it to be the most frequently visited Japanese port for English-speaking passengers.
Japanese shipping venture Ocean Network Express Pte. Ltd. (ONE) announced delivery of its latest container ship, ‘ONE Aquila’, with a carrying capacity of 14,000 TEU. The ship was delivered at Kure Shipyard of Japan Marine United Corporation and is owned by Nippon Yusen Kaisha.
The Japanese Ministry of Foreign Affairs suspected a North Korean-flagged tanker that was lying alongside a small vessel of unknown nationality, in the East China Sea, to have been conducting illegal ship-to-ship transfers of goods, on May 19. Japan notified the Security Council Committee of this incident.
Ocean Network Express Pte. Ltd. officially commenced container shipping businesses on 1 April 2018. ONE is the result of an integration of the container operations of three Japanese shipping carriers, K Line, MOL, and NYK. The new joint-venture seeks to respond to the imbalance of supply and demand in the container shipping industry.
Tokyo-based MOL and compatriot Nippon Concept Corporation announced the conclusion of a capital and business alliance agreement, with the objective of developing a comprehensive two-way strategic partnership including both partners’ group companies, and steadily enhancing their businesses.
Greek owners remain the dominant force in global shipowning with an owned fleet worth approximately of 100 billion USD, followed closely by Japan and China, worth of 89 and 84 billion USD respectively, according to VesselsValue’s yearly World Fleet Values Ranking.
On January 23rd, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, the members of the Trans-Pacific Partnership concluded discussions in Tokyo, Japan, on a new Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
The business integration of the three major Japanese container shipping companies, K Line, MOL and NYK, is expected in April of this year, marking a new beginning in the global supply chain. Ocean Network Express, aims to provide more competitive services, responding to the imbalance of supply and demand in the container shipping industry.
Although combined efforts have borne fruit in 2017, it appears that more time will be required before K Line sees a substantial recovery in the supply-and-demand balance, so it must continue to be prepared for tough times, was the main takeout of K Line’s President & CEO, Eizo Murakami, in his New Year Message.
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