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News on Japan.

Shipowners dig Japanese funding

A rising number of carriers are now turning to Japanese leasing companies to finance new vessels, writes Lloyd's List. The leasing companies can offer 100-percent financing with lower interest rates than banks.

EU clears Japanese container merger

The container merger between Japan's three major carriers has now been cleared by the EU Commission. The carriers now expect approval from South Africa, which in June rejected the planned merger.

Mitsubishi Heavy in new yard alliance with Oshima

The two Japanese shipbuilders Mitsubishi and Oshima have formed a new partnership aimed at utilizing synergies and ensuring sustainable growth in the struggling shipbuilding sector. Mitsubishi has already entered similar alliances with two other yards earlier this year.

NYK Line heralds billion dollar loss after impairments

The challenging market in several of NYK Line's segments now prompts the Japanese carrier to herald a deficit of USD 1.88 billion for the current quarter. This is primarily attributable to one-off impairments on the fleet value.

Japanese shipowner ready for major offshore acquisitions

Japan's largest shipping group, Nippon Yusen (NYK), which mainly operates in container and dry bulk, will now look into acquisitions in the offshore sector. The group is prepared to spend hundreds of millions of dollars on investments, reports Bloomberg.

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