Business / Corporate Aug 17, 2021
Pandemic yields winners and losers in Japan's transport sector
Marine transportation companies benefited from bolstered demand while railways and air carriers went deep into the red.
Business Aug 24, 2017
Nippon Yusen cooking up trans-Pacific container ship test in quest to automate shipping
Japan's largest container line plans to test a remote-controlled vessel across the Pacific Ocean in 2019 as it pursues fully autonomous technology that could disrupt the global shipping industry. Nippon Yusen K.K. is considering using a large container ship for the test from Japan to ...
Business / Corporate Apr 28, 2017
Japan's big three shippers see profitable year amid industry recovery
Japan's big three shippers on Friday forecast a return to profit this fiscal year after last year's losses, as they emerge from the worst global slump in the container business. The brighter outlook comes amid a gradual recovery in prices for shipping containers, which carry ...
Business / Corporate Nov 2, 2016
After Japanese merger, world's biggest shipping company hopes for more
by Christian Wienberg and Nicholas Brautlecht
A.P. Moller-Maersk A/S, owner of the world's largest container line, said mergers like the combination of its three main Japanese rivals provide relief to an ailing industry that has been characterized by over-capacity. Nippon Yusen KK, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd. ...
Business / Corporate Oct 31, 2016
Japan's top three shippers to merge container businesses into world's No. 6
Creating the new behemoth is aimed at surviving the shrinking global container industry.
National / Crime & Legal Mar 12, 2015
Japan shipping firm official to be jailed in U.S. over cartel
A senior official of the major Japanese shipping firm Nippon Yusen Kabushiki Kaisha has been sentenced to a 15-month prison term for his involvement in a price-fixing conspiracy, according to the U.S. Justice Department. The official who serves as general manager in the company's car ...
National Feb 18, 2014
A large model of the ocean liner Hikawamaru that was recently returned to Japan went on display Tuesday at Nippon Yusen Rekishi Hakubutsukan, or the NYK Maritime Museum, in Naka Ward, Yokohama. The model, built in 1934, is a replica of the famous liner built ...
Business / Corporate Aug 9, 2013
NYK seeks deep-sea oil, gas as cargo ebbs
by Chris Cooper and Kiyotaka Matsuda
Nippon Yusen K.K. says development of deep-sea Brazilian oil and Australian gas will boost drill-ship and shuttle-tanker demand, helping the energy business post its first annual profit. The shipping line's energy unit, excluding liquefied natural gas vessels, will report an operating profit of about ¥5 ...