Marine Link
Friday, March 29, 2024
SUBSCRIBE

Dominic Lau News

23 Apr 2014

Mitsui O.S.K. Ship Ready To Leave Chinese Port

Japanese shipping firm Mitsui O.S.K. Lines Ltd said on Thursday that its ship, the "Baosteel Emotion" 226,434 deadweight-tonne ore carrier, is ready to leave a Chinese port soon after it paid a Chinese court to release the vessel from seizure. The company did not disclose how much it paid the court over an alleged payments dispute dating back to World War Two. (Reporting by Osamu Tsukimori; Editing by Dominic Lau)

23 Apr 2014

Mitsui Pays $40 Mln Compensation After Seizure

Japanese shipping firm Mitsui O.S.K. Lines Ltd has paid about 4 billion yen ($39 million) in settlement to China as compensation stemming from a wartime contractual obligation, following a seizure of its ship by a Chinese maritime court in Shanghai, Japanese media said on Thursday. What the company paid for was 2.9 billion yen in compensation plus interests, the Yomiuri newspaper and public broadcaster NHK said. Mitsui O.S.K. spokesman Atsushi Seki said he could not immediately confirm the report, saying it was still working to lift the seizure. ($1 = 102.3850 Japanese Yen) (Reporting by Osamu Tsukimori; Editing by Dominic Lau)

21 Apr 2014

China's Japanese Ship Detention Linked to Shrine Spat

Japanese Prime Minister Shinzo Abe has sent a ritual offering to the Yasukuni Shrine, seen by critics as a symbol of Japan's past militarism, media reported on Monday, a move likely to further strain ties with China and South Korea. The offering from Abe, who visited the shrine in December, was sent just before U.S. President Barack Obama's three-day visit to Japan, which begins on Wednesday. Japanese media said Abe would not visit the shrine in person. Fourteen Japanese leaders convicted as war criminals by an Allied tribunal after World War Two are honoured there, along with Japan's war dead. Tensions with China were likely to increase further after a Chinese maritime court on Saturday seized a ship owned by Japanese shipping firm Mitsui O.S.K.