Hints and tips:
...ONE was formed in 2018 through the merger of the container businesses of Japan’s NYK Line, K Line and Mol. Container ships mostly carry manufactured goods in steel boxes....
...Along with Scandinavian rival Höegh Autoliners and Japanese conglomerates NYK Line, MOL and K Line, WW dominates an industry that transports cars built in Japan, South Korea and China to markets in Europe...
...One large ship operator, Japan’s NYK Line, said on Tuesday it had “temporarily suspended” Red Sea navigation for all its vessels, which include dry bulk ships, tankers, liquefied natural gas (LNG) carriers...
...Line and K Line — to suspend sailings via the Suez Canal....
...Elsewhere in Asia-Pacific, Japanese shipping group NYK Line issued a warning to avoid the Strait, while South Korean carrier Korean Airlines cancelled all flights between Seoul and Taipei on Thursday and...
...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...
...(Taiwan) John Kirkland Chief Executive and Owner, Independent Container Line (ICL) Hitoshi Nagasawa President, Nippon Yusen Kaisha (NYK) Erik Noeklebye COO Shipping Services, Wallenius Wilhelmsen Søren Toft...
...Recent activist campaigns have targeted cross-held shares, resulting in accelerated sales of “strategic holdings” by companies including Fujitsu, shipping group NYK Line and trading house Mitsui....
...Regulators have also signalled they will take a harder line on bad behaviour and impose higher fines....
...Four companies — Chile’s CSAV, Japanese carriers “K”Line and NYK, and the Norwegian/Swedish carrier WWL-EUKOR — were fined a total of €395m for a cartel that fixed the bidding to maintain the traditional...
...The combined container shipping operations of NYK, MOL and K Line would have annual revenues of about $19bn....
...All three have struggled in traditional cargo transport, with NYK and Mitsui suffering the most....
...Japan’s three major shipping companies — Mitsui OSK, NYK Line and Kawasaki — have stopped short of full-blown mergers, but agreed in May to form a new alliance with Hapag-Lloyd, South Korea’s Hanjin Shipping...
...The most recent of these strategic deals, announced on Monday, was the merger of the container businesses of Japan’s three biggest shipping companies, Mitsui OSK, Nippon Yusen Kaisha (NYK) and K Line — a...
...This month, three Japanese lines — Mitsui OSK, K Line and NYK — outlined plans to form a new alliance with Hapag-Lloyd, South Korea’s Hanjin Shipping and Taiwan’s Yang Ming, to be known as The Alliance....
...Shares in European and Japanese container lines, including AP Moller Maersk and NYK Line, fell on Wednesday....
...In 2007 and 2008, meanwhile, shipping lines started introducing services to the US east coast via the Suez Canal, to make use of bigger, more efficient ships — such as the NYK Arcadia — too large for the...
...When the fix is set, some clients will end up profiting in line with the trader while others will be worse off....
...Crystal is owned by Japanese shipping company NYK – a good start – and that almost had me swayed but Hapag-Lloyd’s Hanseatic roots (it is based in Hamburg) were also a plus and I eventually decided to go...
...Maintaining its bullish stance on the sector, JPMorgan said its top pick in the sector was Mitsui OSK Lines, which climbed 11.2 per cent to Y288, followed by Nippon Yusen KK, up 7.9 per cent to Y192, and...
...Yet, whether they turn out to be lasting or temporary, there is no doubt, according to Richard Beyer, a director of the Atlantic basin LNG business of Japan’s NYK Line, that there have been significant changes...
...Richard Beyer, a director of the Atlantic basin LNG business of Japan’s NYK Line, a significant LNG tanker owner, says energy companies are nevertheless matching the profile of their shipping contracts to...
...The A6 Alliance will join the Grand Alliance – whose members are Germany’s Hapag-Lloyd, Japan’s NYK Line and Hong Kong’s OOCL – and the New World Alliance – made up of Singapore’s Neptune Orient Lines, Korea...
...In Tokyo, Mitsui O.S.K Lines surged 4.4 per cent on media reports that the shipping company agreed to a joint venture with Indonesia firm Trada Maritime to transport liquefied natural gas to the south-east...
...Nippon Yusen KK jumped 2.3 per cent to Y218 and Mitsui OSK Lines surged 2.2 per cent to Y329....
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