Hints and tips:
...The company’s backers include the bulk shipping arm of Japan’s Mitsui OSK Lines, one of the world’s biggest operators of ships for carrying commodities such as coal and iron ore....
...In October, an as yet unnamed 770ft coal carrier owned by Mitsui OSK is due to become the world’s first such vessel to include a rigid, winged sail in its propulsion system....
...Last month Japanese insurer Mitsui Sumitomo said it would increase its underwriting capacity at Lloyd’s and the wider London market that surrounds it....
...Mitsui OSK Lines president and chief executive Takeshi Hashimoto said the country lacked viable alternatives to Russian LNG, which it buys relatively cheaply under long-term deals, to secure its baseload...
...Adani Green raised $750mn in green bonds last year and in December announced a $200mn yen-denominated refinancing facility with MUFG Bank and Sumitomo Mitsui Banking Corporation acting as principal lenders...
...“Why do we have to go and make a commitment to the world which two years down the line you have to reverse?”...
...In an interview with the Financial Times, Takeshi Hashimoto, president of Mitsui OSK Lines, which is part of Ocean Network Express, one of the world’s biggest shipping alliances, said that the industry had...
...Formed in 2017 to integrate the liner services of Japan’s Kawasaki Kisen Kaisha, Mitsui OSK Lines and Nippon Yusen Kaisha, ONE made profits of $2.6bn in the quarter to the end of June, more than 15 times...
...Last year, Mitsui E&S withdrew from naval and government shipbuilding operations, selling the division to MHI....
...They turned negative at Kawasaki Kisen and Mitsui OSK in the year to March in spite of rising freight rates....
...The remaining stake in the joint venture is owned by Japan’s Mitsui....
...Claire Jones Trade links The head of Mitsui OSK Lines has told the FT that government intervention may be needed to ease strains in global shipping....
...No one expects corporations to ignore tax benefits that boost the bottom line. But BHP should have got out of coal earlier when the price was better....
...“We’re all going to go bust,” Junichiro Ikeda, president and chief executive of Japan’s Mitsui OSK Lines, told the Financial Times in summing up his assessment of a fuel emission cap if the industry is unable...
...He is perplexed at the political division in the country as many people become increasingly hard line on the country’s exit from the EU....
...Akiyoshi Nagashima, CIO, Sumitomo Mitsui Trust Asset Management What should investors expect?...
...Last week Mizuho, one of the country’s three so-called mega-banks (alongside Mitsubishi UFJ and Sumitomo Mitsui), admitted that its net profits for the 12 months to the end of March were likely to be just...
...He is pushing the venture capital and private equity themes, and hoping that Mitsui’s “DNA-rooted” entrepreneurialism will create new business lines to take its investments deeper into consumer markets and...
...Last month, Mitsui OSK Lines of Japan announced better than anticipated third-quarter numbers, and lifted its targets for full-year operating profits....
...It had been targeting a bottom line result of ¥35bn, which would have been its first profit after two consecutive years of losses....
...“HSBC will simply need to line up… like every other creditor, to receive their money back in the order of loan seniority” he said....
...By Tuesday, Japan’s Mitsui OSK had risen a quarter from post-election lows. But later the shares faced headwinds, and for good cause. A rally is unrealistic....
...On Monday, three Japanese shippers — Nippon Yusen (NYK), Mitsui OSK and Kawasaki Kisen — announced a joint venture. This does not mark an end to tough times....
...Nippon Yusen Kaisha, Mitsui OSK Lines and K Line said that, if approved by regulators, the new joint venture would operate the world’s sixth biggest container fleet, with about 7 per cent of global capacity...
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