Market Recovery Continues Across Japan for WSS

MarineLink.com
Wednesday, April 09, 2014
Yoshihiro Iizuka

Speaking ahead of Sea Japan today, WSS General Manager for Japan Yoshihiro Iizuka says that although the Japanese market is moving towards growth for 2014, the recovery will be stronger in the second half, with an increase in newbuilds expected towards the end of the year. Iizuka says:  “Overall, the Japanese market is in recovery, with annual pay raises by the major corporates estimated at around 2-3% for 2014. However, the weakened Japanese Yen relative to the past couple of years has contributed to the widening of the trade deficit with particular reductions in export value. Added to this, consumption tax is set to rise from 5 to 8%, leaving some concerns over the potential for market growth.”
 


Despite the challenges of a slow recovery, Iizuka states that there has been a steady increase in the number of vessels calling at Japanese ports due to a rise in import demand. He said,  “The over-capacity situation of the last few years is gradually declining and we are seeing steadily increasing cargo demand. New ship orders are set to pick up as demand for energy efficient tonnage, compliant with the latest environmental regulations increases, with a short term peak in construction levels expected in 2016.”



In terms of WSS Japan activity for the coming year, Iizuka is aware of the need for customers to further reduce costs and increase efficiency across their overall operations:  “We understand the challenges that our customers are facing and we want to take ownership of some of those challenges. We recognize that safety is one of the biggest concerns for our customers and our core focus this year will be on safety services”.



“WSS Japan, in collaboration with our global network, is focussing on ensuring that customers have access to our full range of safety solutions to ensure regulatory compliance. By working closely together with clients, we believe that we can help to reduce complexity and the risks involved with port to port operations in the most cost efficient and effective manner.”



WSS is continuing to invest heavily on resource and expertise in Japan and across North Asia to meet the increasing demands of this growing maritime hub. Currently, it covers 180 ports in Japan with three main service centres located in Yokohama, Kobe and Moji in addition to the office in Tokyo focusing on ships agency business.



WSS will exhibit at Sea Japan this week, stand NOR-01.

 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Johan Sverdrup Contract to "Pioneering Spirit"

Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field.   The vessel will be installing the topsides for the drilling,

MOL Expands Container Fleet

Mitsui O.S.K. Lines, Ltd. has signed a deal for construction of four 20,000 TEU containerships with Samsung Heavy Industries. MOL also concluded an MOU for long-term chartering of two 20,

Record Thames Ridership

A record 9.8 million passengers are using the River Thames‎, two years on from the launch of the Mayor's River Action Plan, it was announced today. The River Action Plan,

Shipbuilding

MOL Expands Container Fleet

Mitsui O.S.K. Lines, Ltd. has signed a deal for construction of four 20,000 TEU containerships with Samsung Heavy Industries. MOL also concluded an MOU for long-term chartering of two 20,

Delay in Relocating Guangzhou Shipyard

Guangzhou Shipyard International (GSI) has not commenced the relocation of its factory. According to the plan of Guangzhou city, the shipyard should have finished

Mitsubishi Bags Fourth LPG Carrier Order from Astomos

Tokyo-based Astomos Energy Corp has placed an order today with Mitsubishi Heavy Industries (MHI) for a very large liquefied petroleum gas (LPG) carrier.     The 83,

News

Johan Sverdrup Contract to "Pioneering Spirit"

Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field.   The vessel will be installing the topsides for the drilling,

MOL Expands Container Fleet

Mitsui O.S.K. Lines, Ltd. has signed a deal for construction of four 20,000 TEU containerships with Samsung Heavy Industries. MOL also concluded an MOU for long-term chartering of two 20,

Record Thames Ridership

A record 9.8 million passengers are using the River Thames‎, two years on from the launch of the Mayor's River Action Plan, it was announced today. The River Action Plan,

Vessels

Johan Sverdrup Contract to "Pioneering Spirit"

Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field.   The vessel will be installing the topsides for the drilling,

MOL Expands Container Fleet

Mitsui O.S.K. Lines, Ltd. has signed a deal for construction of four 20,000 TEU containerships with Samsung Heavy Industries. MOL also concluded an MOU for long-term chartering of two 20,

Record Thames Ridership

A record 9.8 million passengers are using the River Thames‎, two years on from the launch of the Mayor's River Action Plan, it was announced today. The River Action Plan,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2442 sec (4 req/sec)