Tag: Japan

Japan s Anti-Piracy Campaign Analysis

UANI Calls on Japan to Cease Sovereign Guarantees on Oil

Japanese Ship Orders Fall 8.5 Percent

Vietnam, Japan agree on cooperation for maritime security

Japan insurers expand cover to boost Iran oil shipping capacity

Debris from Japan tsunami extends 2,000 miles across Pacific

Japanese Ship Owners Oppose Higher Panama Canal Tolls

NYK has provided free ocean transport for a monument recognizing the Japanese who lost their lives in the devastating earthquake that struck Christchurch, New Zealand, on February 22, 2011. Ocean transport was provided by NYK Line, and overland services in New Zealand and Japan were handled by NYK Group company Yusen Logistics.Of the two monuments that were produced, one was installed at a church in Christchurch, and the other was shipped by NYK at the request of the New Zealand Embassy to Toyama College of Foreign Languages, which lost 12 students in the disaster. The monument, funded by donations collected in Japan and New Zealand, stands on a wooden base made from one of New Zealand's kahikatea trees, which are characterized by their complicated structure of multiple tree roots and branches tangled on a single trunk, symbolizing the importance of human bonds and mutual support to overcome the sadness of this tragedy.The monument given to Toyama College of Foreign LanguagesThe monument arrived at the port of Toyama on June 8, and a dedication ceremony was held at the college on June 25. New Zealand foreign minister Murray McCully, New Zealand ambassador Ian Kennedy, and NYK corporate officer Yoko Wasaki joined ...

$124 million test-drilling project Japan plans to test-drill in the Sea of Japan (East Sea) next year where a potentially "large-scale" oilfield has been found, a news report said Monday.The Energy Agency has collected data proving that an area with possible oil and natural gas reserves lies some 30 kilometers southwest of Sadogashima island, the Yomiuri Shimbun said.The possible oilfield, some 2.7 kilometers below the sea floor, covers 135 square kilometers, the evening edition of the mass-circulation daily reported."In terms of area, it can match a large-scale oilfield overseas," an agency official was quoted by the newspaper as saying.The government-backed Japan Oil, Gas and Metals National Corporation will carry out the 9.8 billion yen ($124 million) test-drilling, the Yomiuri said.The three-year project is expected to begin as early as April next year after obtaining agreement from local Japanese fishermen, it said, adding that the government hopes to commercialize it in 2017 if results are favorable.Resource-poor and energy-hungry Japan heavily relies on oil imports from the Middle East, a situation that has been exacerbated by the shuttering of all of its nuclear reactors following the disaster at Fukushima last year.Source: Japan Today

$7.6 billion should there be an accident on an Iranian oil tanker coming to Japan Last week, the Japanese government's cabinet ministers both approved and submitted a bill to the Diet that allows insurance coverage to be made on oil imports from Iran. This is in direct opposition to the ban on Iranian oil insurance from the European Union that will take effect on July 1st. If passed by parliament, the bill would permit the government to make payments as high as $7.6 billion should there be an accident on an Iranian oil tanker coming to Japan.While the European Union is showing no signs of leniency, Japan has requested to be exempted from the ban on insurance of Iranian oil exports. The Japanese government has also made it clear that it has no intentions to stop importing oil from the Middle Eastern nation. The European Union's ban is just one of many attempts by Western nations to put sanctions on Iran with the hopes of convincing Tehran to abandon its nuclear development program via depleting its revenue sources. While not stopping altogether, Japan has reduced the amount of its oil imports from Iran, despite the sharply increasing demand after halting ...