Japan has no system in place for admitting small craft into its waters. As a result, pleasure boats are, across the board, treated the same as commercial ships.
Changes to transportation regulations will reportedly allow cabs and buses to start hauling goods as a way to offset the nationwide shortage of truck drivers this fall.
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 ...
Sagawa Express Co. is aiming to go public on the First Section of the Tokyo Stock Exchange this year and has started holding talks with major brokerages, sources close to the matter said Monday. Using the capital it will obtain through the listing, Japan's major ...
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. ...
Creating the new behemoth is aimed at surviving the shrinking global container industry.
The problems that sank South Korea's Hanjin Shipping last week could be just the tip of the iceberg, with the long global downturn leaving the industry burdened by excess capacity. With growth refusing to budge and consumer demand still slack, the world's freight carriers have ...
As the son of a man who journeyed from China to Singapore and founded a shipping business a half century ago, Teo Siong Seng sees his life as one immersed in the ancient trading networks of Asia. So the managing director of the Pacific International ...
South Korea has revived a project to build a backup ship navigation system that would be difficult to hack after a recent wave of GPS signal jamming attacks, which it blamed on North Korea, disrupted fishing vessel operations, officials say. Global Positioning System (GPS) and ...
Shipping giant Mitsui O.S.K. Lines Ltd. said Friday it will fall into the red in the business year ending in March after incurring huge restructuring costs amid deteriorating profitability on sluggish demand linked to China's economic slowdown. The company is forecasting a consolidated net loss ...
They drift into seas near Japan by the dozens every year, ghostly wrecked ships thought to come from impoverished North Korea. Japanese authorities said Tuesday they are investigating nearly a dozen wooden boats that were found off the northwestern coast over the past month and ...
Searchers have found wreckage in 15,000 feet (4,570 meters) of water east of the Bahamas, and now a remotely operated deep ocean vehicle will be sent in to see whether it's the cargo ship El Faro that vanished a month ago. That operation could begin ...
