European Shipowners Welcome EU Trade Agreements with Japan, Singapore
The European Commission presented trade agreements with Japan and Singapore to the Council to eventually be adopted. The European shipowners are very pleased that the first step towards the conclusion of these agreements has been taken. “With Japan and Singapore agreements Europe sends a strong message to the world in support of fair and regulated trade”, said European Community Shipowners’ Associations (ECSA) Secretary General Martin Dorsman. The agreement with Japan is the biggest bilateral trade partnership ever negotiated by the European Union.
Japan, China Agree Trade War Will Harm Global Economy
Japan and China agree that a trade war will have serious consequences for the world economy, Japanese Foreign Minister Taro Kono said on Monday after a high-level economic dialogue between the world's third- and second-largest economies. Concern is growing about a trade row between China and the United States in which the two nations have threatened each other with tariffs. Japan has been criticised by U.S. President Donald Trump on trade and been hit with tariffs on steel and aluminum, but it has not yet threatened counter-tariffs.
K Line Accepts Great Ships of 2017 Award
At the Sea Japan exhibition in Tokyo, Toyohisa Nakano, (right) Executive Officer, K Line, accepts a "Great Ship of 2017" award from Maritime Reporter & Engineering News Editor and Associate Publisher Greg Trauthwein. Maritime Reporter & Engineering News is the world's largest circulation b2b publication serving the global maritime industry, and each year it confers its "Great Ship" award to more than a dozen global ship and boat owners. K Line (Kawasaki Kisen Kaisha) was honored for its 7…
VIKING Bolsters Offering to Japanese Shipowners
Maritime safety equipment and servicing provider VIKING Life-Saving Equipment is kicking off its presence at Sea Japan 2018 (April 11-13) with a boosted liferaft offering. On one hand is the company’s ability to supply VIKING S30 extended service interval SOLAS liferafts; on the other is a recent Japanese Government approval for VIKING to supply liferafts to Japanese flagged vessels and carry out final liferaft assembly in Japan. This is the first such approval awarded to a non-Japanese manufacturer…
British Warship to Help Police North Korean Sanctions
A British warship “changed its deployment” and arrived in Japan on Wednesday to join efforts to police U.N. sanctions imposed on North Korea over its nuclear and missile programs. The Royal Navy frigate HMS Sutherland arrived at Yokosuka, the headquarters of Japan’s Maritime Defence Force fleet and home port of the U.S. Seventh Fleet’s carrier strike group. It “will be contributing to the international efforts to monitor prohibited trade at sea by the Democratic People’s Republic of Korea (DPRK)…
First public display of EnergySail
Eco Marine Power (EMP) announce that it will exhibit for the first time a working prototype of its EnergySail technology and the automated control system at Sea Japan in Tokyo. This laboratory prototype will be exhibited along with several associated technologies including an energy storage solution and flexible marine grade photovoltaic panels. The patented EnergySail is a rigid sail device developed by EMP that will allow ships to harness the power of the wind and sun in order to reduce fuel costs plus lower noxious gas and carbon emissions.
White House Adviser says Trump Could Seek Coalition on China Trade
U.S. President Donald Trump may be open to forming an international coalition to grapple with Chinese trade issues, his top economic adviser said on Monday, adding that it remained unclear whether the proposed U.S. tariffs on China would eventually materialize. Asked whether Trump would consider seeking the support of European nations, Japan and others, White House National Economic Council Director Larry Kudlow told CNBC: "The president is amenable to that. He's not necessarily out soliciting support yet, but he is amenable." Reporting by Susan Heavey and Doina Chiacu
BTMU to Refinance Two K-Line Vessels
Watson Farley & Williams (WFW) has advised The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Japan’s largest bank, as facility agent for a syndicate of international lenders comprising itself, Development Bank of Japan Inc. and Societe Generale on the $180m refinancing of two K-Line LNG vessels, Arctic Voyager and Arctic Discoverer which are time chartered to Statoil ASA, the world’s largest offshore operator. The WFW Hong Kong Asset Finance team advising on the transaction was led by Partner and Office Head Madeline Leong…
USNS Mercy Arrives in Malaysia
U.S. and partner nation personnel participating in Pacific Partnership 2018 aboard the U.S. Navy hospital ship USNS Mercy (T-AH 19), arrived in Port Kelang, Malaysia, April 16. The Pacific Partnership mission in Malaysia will feature medical exchanges, civil engineering projects, humanitarian assistance and disaster relief (HA/DR) preparedness seminars, and community outreach engagements in the greater Kuala Lumpur area. The secondary mission platform for Pacific Partnership, the expeditionary fast transport ship USNS Brunswick (T-EPF 6) will arrive in Tawau…
SE Asian Shipowners Meet in Japan
Tokyo Big Sight Conference Tower hosted the Southeast Asia Maritime Summit yesterday as a part of the Sea Japan 2018 exhibition. The packed conference hall was the stage for executives from five major ship associations -- Indonesian National Shipowners’ Association; Thai Shipowners’ Association; Filipino Shipowners’ Association; Malaysia Shipowners’ Association; and the Singapore Shipping Association -- to discuss the impact of increasing amounts of global emissions regulations as well as digitalization on their country's shipowners. Mr. Johnson W. Mr. Mr. Roy R. Mr. Ms.
Yaskawa Ups Investment in The Switch
Yaskawa Corporation is making a multimillion-euro investment to strengthen the R&D capabilities of The Switch and purchase new equipment at the company’s factory in Lappeenranta, Finland.The investment will enable drive train testing of up to 15 MW. The Switch will now become Yaskawa European’s Environmental Energy Division, leading the Japanese company’s global business in the marine, wind and turbo/industry segments.This latest investment provides The Switch with the capability to test high-power machines…
Sinanju Orders Singapore's 1st Dual-Fuel Bunker Tanker
Singapore-based Sinanju Tankers Holdings has ordered what it says will be Singapore's first dual-fuel bunker tanker, to be powered mainly by liquefied natural gas (LNG).
MOL Launches Trial Use of Cooling-Work Suits Onboard
Mitsui O.S.K. Lines announced the trial introduction of specialized cooling-work suits for crewmembers, developed by Teijin Limited, in cooperation with MOL, on a vessel operated and managed by Mitsui O.S.K. Kinkai. The goal of the trial is to prevent crewmembers from heatstroke and reduce their workload. The work uniforms are equipped with rechargeable cooling fans for them working under intense heat on an Mitsui O.S.K. Kinkai's cargo vessel in service between Japan and Middle East.
Shipping Industry Sells Out on Paris Agreement
A call by the shipping industry for governments to compromise on ambition ahead of key UN discussions to reduce maritime emissions actually abandons the goals of the Paris agreement, sustainable transport group Transport & Environment (T&E) has said. It was referring to a statement from International Chamber of Shipping. The International Maritime Organisation (IMO) meets from 3-13 April to adopt an initial greenhouse gas (GHG) strategy for the shipping sector. Faig Abbasov, shipping officer with T&E…
CMA CGM Takes Action for Japan
Following the earthquake and tsunami that hit Japan, CMA CGM has taken action to support its teams on site and help in the delivery of emergency assistance. CMA CGM Group has set up an Emergency and Communication Response Team that is closely monitoring the situation, keeps in close contact with the Group’s teams in Japan and ensures business continuity. All employees of CMA CGM offices on site are safe and none of the Group’s ships were impacted. In addition, the Group - which has always provided support during humanitarian emergency situations - has proposed to make available a number of containers to the French Ministry of Foreign Affairs…
MCC Transport’s New Weekly Indonesia to Japan Service
MCC Transport launched of a new weekly Indonesia - Japan Service (TS4) that links the ports of Indonesia directly with those in Japan, Taiwan and South China. The TS4 service goes on a 28 days rotation, covering the following ports: Tokyo (Japan), Yokohama (Japan), Nagoya (Japan), Osaka (Japan), Kobe (Japan), Keelung (Taiwan), Taichung (Taiwan), Kaohsiung (Taiwan), Hong Kong (China), Shekou (China), Jakarta (Indonesia), Surabaya (Indonesia), Shekou (China), Hong Kong (China), Xiamen (China) and Tokyo (Japan). The first sailing will be on the TS Nagoya, which is scheduled to depart Tokyo on 23 June 2010. www.mcc.com.sg
ABS to Class its First Japan-Flagged Vessel
Anchor Handling Tug Supply vessel will be built to ABS class for Offshore Japan Corporation by Japan Marine United Corporation. ABS has been selected by Offshore Japan Corporation (OJC) to class its newly-ordered Anchor Handling Tug Supply (AHTS) vessel, the first Japan-flag ship built to ABS class. The vessel, featuring bollard pull of 150 tons and Dynamic Positioning-2 certification, will be built by Japan Marine United Corporation (JMU) for delivery in February 2016. Construction…
Scorpio Bulkers Refinances Ultramax Vessel
Monaco-based Scorpio Bulkers announced that the Company has entered into a financing transaction in respect of one of the Company’s Ultramax vessels with an unaffiliated third party in Japan. As part of the transaction, the Company will sell a 2015 Japanese built Ultramax dry bulk vessel, SBI Tango, for a consideration of $19.0 million and then lease it back from the buyer through a five-year bareboat charter agreement at a rate of $5,400 per day. If converted to floating interest rates…
Japanese PM, US CNO Discuss Maritime Cooperation
Chief of Naval Operations (CNO) Adm. Jonathan Greenert met with Japanese Prime Minister Shinzo Abe, May 27 in Abe's office to discuss regional security and maritime partnership opportunities between the United States and Japan. The meeting between Japan's political leader and the U.S. Navy service chief underscored the importance each nation places on maintaining their strong maritime relationship to achieve strength and stability in the region through cooperative efforts. "Given the increasingly severe security environment in the Asia-Pacific region the importance of the Japan-U.S.
Japan Gains Edge in Australia Submarine Deal
Australia and Japan appear to be inching closer to an agreement on the sale the top-secret technology from Japan to build a fleet of new generation submarines. Size, technology and stealth are proving too great a draw for Canberra. Australia is considering buying top-secret technology from Japan to build a fleet of next-generation submarines, a move that would risk reigniting diplomatic tensions with China that have only recently died down, says a report in Japan Times. China and Japan are competing to build up their domestic arms industries, and for China, the export of Japanese military technology is particularly sensitive given their wartime history and territorial disputes.
Ocean Carriers and NVOCCs Select Descartes
Descartes Systems Group announced that ocean carriers and nonvessel operating common carriers (NVOCCs) have selected Descartes' Japan Ocean Advanced Filing Rule (AFR) solution to help them comply with Japan's new advanced cargo security initiative, which takes effect March 10, 2014. Japan's AFR mandate requires ocean carriers and NVOCCs to electronically submit data to Japan Customs on maritime container cargo intended for a port in Japan no later than 24 hours before departure of the vessel from the port of loading.
Cruise Ships – Carnival to Tap Japanese Market
Responding to the growing interest for cruising in Japan, Carnival Corporation is introducing the largest deployment ever by a global cruise line in the Japanese market when it brings Sun Princess to Japan for a spring to summer season of cruising next year. Underscoring the importance of Japan in the growing worldwide cruise market, Carnival Japan, Inc. has been formed to sell the Princess Cruises brand and certain other Carnival brands in Japan, with Princess Cruises being the brand to launch this largest cruise season in the Japanese market. Carnival Japan, Inc.
Vice President Pence Visits Naval Air Facility Atsugi
Marking his first official travel to the Asia-Pacific region, Vice President Mike Pence made his first ceremonial stop in Japan at Naval Air Facility (NAF) Atsugi, April 18. During the Japan portion of his regional visit, the vice president will travel to Tokyo where he will meet with Prime Minister Shinz Abe and lead the inaugural U.S.-Japan Economic Dialogue with Deputy Prime Minister Tar As. The vice president will also participate in a listening session, followed by remarks to the U.S. and Japanese business community. Naval Air Facility Atsugi Commanding Officer Capt.