Ships beached for scrap as returns reach record low

Mar 13, 2015

Ships beached for scrap as returns reach record low

by Naomi Christie

Scrap yards are preparing for record numbers of freighters as shipping rates tumble to all-time lows. Owners may demolish 40 million deadweight tons of dry bulk carriers, more than double last year’s total, according to Arctic Securities ASA in Oslo. Rates to ship commodities ...

Tokyo's 47-km-long expressway loop fully opens

Mar 7, 2015

Tokyo's 47-km-long expressway loop fully opens

A 47-km-long expressway encircling central Tokyo fully opened on Saturday, some 50 years after it was planned, creating easier access to Haneda airport and potentially fewer traffic jams. The Central Circular Route is the first to fully open among three Tokyo-area ring expressways for ...

Hitachi agrees to buy two Finmeccanica rail businesses

Feb 24, 2015

Hitachi agrees to buy two Finmeccanica rail businesses

Hitachi Ltd. is set to buy Finmeccanica SpA’s rail business and a signals affiliate in its largest ever overseas acquisition as it seeks growth abroad. The Japanese industrial group, which makes nuclear power plant turbines, electronic equipment and industrial machinery will close the acquisitions ...

Ex.-N. Ireland cop apologizes for Paris Metro racism incident

Feb 23, 2015

Ex.-N. Ireland cop apologizes for Paris Metro racism incident

A former police officer and Chelsea fan on Sunday apologized for his involvement in an alleged racist incident involving football supporters on a Paris Metro train. Footage posted online last week showed supporters blocking a man, named as Souleymane S., from boarding a Metro ...

Feb 19, 2015

JR pitches new Kanazawa bullet train service in New York

Japanese officials pitched the latest bullet train service, due to link Tokyo with the popular destination of Kanazawa, Ishikawa Prefecture, starting next month, at a tourism promotion event Wednesday in New York’s Grand Central Terminal. East Japan Railway Co. gave a video presentation of ...

Feb 13, 2015

China offers hand to Greece, seeks long-term access to port

Premier Li Keqiang has told Greek Prime Minister Alexis Tsipras that China is prepared to boost investment in the debt-ridden country after conflicting messages about the sale of the country’s biggest port. Li telephoned Tsipras to congratulate him on his election victory last month ...