Tag - marine

 
 

MARINE

Founded in 1879, Tokio Marine was Japan's first nonlife insurance company and it has since expanded into life insurance and now has a presence in 46 countries besides Japan.
BUSINESS
Oct 18, 2024
Tokio Marine pauses sale of Southeast Asia life insurance business, sources say
The delay appears to be due to the firm's dispute with a Malaysian partner.
Houseboats of the indigenous seaborne Bajau Laut community anchor in the waters of Semporna, Malaysia, on Aug. 20.
ASIA PACIFIC / Society
Oct 14, 2024
Malaysia's eviction of sea nomads casts light on precarious lives
Many face impoverished, precarious lives and are denied access to health, education or financial services due to a lack of basic paperwork.
The vehicle taking Seiichi Katsurada to the Kushiro District Public Prosecutor's Office in Kushiro, Hokkaido, on Sept. 19
JAPAN / Crime & Legal
Oct 9, 2024
Hokkaido boat operator's president charged over fatal 2022 sinking
A total of 20 passengers and crew were confirmed dead and six are listed as missing following a tour boat sinking in April of 2022.
Japan Coast Guard officials search for missing people after the fatal sinking of the Kazu I tour boat off the Shiretoko Peninsula in Hokkaido.
JAPAN
Oct 4, 2024
Japan to require passenger ships sailing in cold waters to carry life rafts
The move follows the deadly sinking of the Kazu I tour boat off Hokkaido in April 2022.
A series of satellite images from Planet Labs appears to show cranes at the Wuchang shipyard in Wuhan, China, on June 15.
ASIA PACIFIC
Sep 27, 2024
China's newest nuclear-powered submarine sank this year, U.S. says
It was not clear if the sub was carrying nuclear fuel, but the accident has dealt a major blow to Beijing as it seeks to showcase its growing military prowess.
Shiretoko Yuransen President Seiichi Katsurada (center) in Shari, Hokkaido, in May 2022. Katsurada admitted to having little knowledge of ships in an interview before his arrest on Wednesday.
JAPAN / Crime & Legal
Sep 19, 2024
Hokkaido boat operator in 2022 fatal sinking had little knowledge of ships
He made himself the company's safety and operational manager despite lacking the necessary qualifications after dismissing key employees during the pandemic.
Shiretoko Yuransen President Seiichi Katsurada (center) in Shari, Hokkaido, in May 2022
JAPAN / Crime & Legal
Sep 18, 2024
Hokkaido boat operator head arrested over 2022 fatal sinking
Of the 26 people onboard the boat, 20 died while six remain missing.
Pedestrians walk past the Financial Services Agency headquarters in Tokyo.
JAPAN
Aug 31, 2024
Over 2.5 million sets of info leaked from four Japan nonlife insurers
Of the total, employees on loan were found to have been involved in about 240,000 cases, including for contracts for corporate customers.
A protestor hold what they called a Stand up to Racism rally in Liverpool, England, on Aug 3. Savvy anti-populists should concentrate their rhetorical fire on populist leaders, rather than on their supporters.
COMMENTARY / World
Aug 30, 2024
The counteroffensive against populism
One lesson from the past few months might sound like a truism: All parties that value democracy must unite to face down anti-democratic threats.
Divers from the Italian navy's Marina Militare during search operations on Thursday at the site where the Bayesian luxury yacht sank off the coast of Porticello
WORLD
Aug 25, 2024
Italy yacht sinking probed for manslaughter and negligence
Authorities in Sicily have opened a manslaughter and negligent shipwreck probe into the Aug. 19 sinking of British tech tycoon Mike Lynch’s yacht.
Rescue personnel with the body of British entrepreneur Mike Lynch, who died when a yacht owned by his family sank off the coast of Porticello, near the Sicilian city of Palermo, Italy, on Thursday
BUSINESS / Tech
Aug 23, 2024
Body of British tech entrepreneur Mike Lynch retrieved from yacht
Lynch's 18-year-old daughter Hannah is still unaccounted for, an interior ministry official said.
Damage to a Philippine Coast Guard vessel allegedly incurred during a collision with a China Coast Guard ship in the disputed South China Sea is seen in this image released on social media Monday.
ASIA PACIFIC / Politics
Aug 19, 2024
Beijing and Manila trade blame over South China Sea ship collisions
China claims the Philippine side "intentionally rammed" one of its ships in the disputed waterway — an accusation Manila denies.
Tokio Marine & Nichido Fire Insurance and three other insurance firms will be issued with cease-and-desist orders by the the Fair Trade Commission for forming a cartel, sources have said.
BUSINESS / Companies
Aug 6, 2024
Japan's FTC to issue orders to four major nonlife insurers in premium cartel
The insurers are said to have started prearranging premiums on contracts for Keisei Electric Railway, in which they shared the risk of covering payments, before 2020.
Philippine Coast Guard personnel aboard a helicopter conduct an aerial survey off Manila on Thursday, after the oil tanker MT Terra Nova capsized.
ASIA PACIFIC
Jul 25, 2024
Tanker capsizes off Philippines, with one crew missing amid oil spill
The ship was carrying 1,494 metric tons of industrial fuel.
Tsuyoshi Ode, specially appointed professor at Tokyo University of Marine Science and Technology, poses with a certificate for the school's hydrogen dueled ship during news conference on Wednesday.
JAPAN
Jul 25, 2024
Japan certifies hydrogen-fueled ship for the first time
The ship requires three tanks of high-pressure hydrogen gas at room temperature and can sail some 75 kilometers in five hours at a speed of 8 knots per hour.
Toyota's plan to buy back shares from major banks and insurers is part of a broader push to unwind strategic shareholdings with financial partners.
BUSINESS / Companies
Jul 23, 2024
Toyota to buy back stock worth $5.2 billion from banks and insurers
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Tokio Marine Holdings and MS&AD Insurance Group Holdings are tendering shares at an 11% discount.
People celebrate after the second round of the French legislative elections at Place de la Republic in Paris on Sunday. Three distinct left-wing, right-wing and centrist blocs emerged from the vote.
COMMENTARY / World
Jul 11, 2024
The most incredible election in French history
Three main blocs emerged from the French election. Macron not only failed to bring clarity to the country's politics, but the parties now face uneasy coalition-building.
Protesters hold a giant French flag on the statue of Marianne as people gather at the Place de la Republique, after partial results in the second round of the early French parliamentary elections, in Paris on Sunday.
BUSINESS / Markets
Jul 9, 2024
Debt and political deadlock keep investors nervous after French election
At the center of the euro project and the bloc's second biggest economy, France, still faces a hung parliament and taxing negotiations to form a government.
French President Emmanuel Macron and French First Lady Brigitte Macron leave after voting in the second round of French parliamentary elections at a polling station in Le Touquet-Paris-Plage, France, on Sunday.
WORLD / Politics
Jul 9, 2024
France in limbo after Macron gamble deepens political deadlock
No political party wields an outright majority after the French election, and no obvious candidate for prime minister has emerged.
President Emmanuel Macron has gone from king to kingmaker of French politics after his bloc came second in the parliamentary election.
COMMENTARY / World
Jul 8, 2024
Gambler Macron wins chance to be kingmaker
Even as Macron breathes a sigh of relief after voters halted a far-right triumph, the left-leaning coalition the president will try to build faces a treacherous path.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’