Shipping companies, including CMA CGM, Evergreen, Hapag Lloyd and Maersk, managed to reduce speeds to 12 knots or less in two regions, in the San Francisco Bay Area and the Santa Barbara Channel region from Jul to Nov 2017, as part of the Vessel Speed Reduction incentive program.
The European Commission found that the Chilean CSAV, the Japanese K Line, MOL and NYK, and the Norwegian-Swedish WWL-EUKOR participated in a cartel concerning intercontinental maritime transport of vehicles, and imposed a total fine of €395 million. All companies acknowledged their involvement in the cartels and agreed to settle the cases.
In collaboration with MTI Corporation, Nippon Yusen Kabushiki Kaisha developed the diagnostic tool “Kirari MUSE” that collects the operating sound of ships’ engine equipment in an effort to utilize big data. Kirari MUSE visualizes the sound of the engine and it diagnoses the condition.
Currently 67 shipping lines operate fully cellular containerships in the container shipping industry. However, more than 87% of fleet capacity is controlled by only 10 of them, representing just fewer than 7% of the total lines.
NYK Line, MTI Co. Ltd., Nippon Telegraph and Telephone Corporation, and NTT DATA Corporation have successfully conducted a proof-of-concept experiment for a next-generation onboard IoT platform. The test was held aboard ‘Hidaka’, a domestic coastal vessel owned and operated by Kinkai Yusen Kaisha Ltd. of NYK Group.
ONE is a joint venture formed by K Line, MOL, and NYK, who informed that they will begin its business operations on April 1, 2018. Once ONE’s business operations starts, there will be up to four companies, namely ONE, K Line, MOL, and NYK operating on the same service in the same time during the transitional period until three pre-existing lines completely stop operating vessels.
On January 26, Japanese NYK Line signed a contract with EDF LNG Shipping Ltd., a subsidiary of Electricité de France, one of the largest electricity companies in the world, to charter out a newly built LNG carrier for seven years. The agreement includes optional extension periods for up to 13 additional years.
K Line, Chubu Electric Power Co., Inc., Toyota Tsusho Corporation and NYK Line announced they have begun joint discussions on the commercialization of a new business to supply LNG as a marine fuel to ships in the Chubu, the central region of Japan.
The installation of the 11 wind turbines will be done in cooperation with the Port of Zeebrugge and Engie Electrabel, a local electricity and gas supplier, and the turbines are expected to start operations in 2019.
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.
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