K Line Kinkai and K Line have agreed to work on a joint study to develop Japan’s first environmentally-friendly LNG-fueled ferry, in line with K Line Group’s long term environment management vision.
Nishishiba Electric and NICO International have entered into an alliance covering the Middle East.
Three more companies have joined the SEA\LNG the cross sector coalition aiming to promote the use of LNG as a marine fuel.
One of the world’s largest shipowners Nippon Yusen Kaisha (NYK) returned to the black in the first quarter ended 30 June 2017 and has maintained its full year profit forecast.
Mitsui OSK Lines (MOL) has upped its full year profit forecast for the year ended 31 March 2018 by 20% to JPY12bn ($108.5m) as it forecasts a gradual improvement in most major shipping sectors.
A ship propelled by rigid sail and solar power system, claimed to be the world’s first, is set to sail in 2018, after the completion of a feasibility study currently underway and sea trials utilising Fukuoka-based Eco Marine Power’s (EMP) Aquarius Marine Renewable Energy (MRE) solution.
Japan’s big three shipping groups – K Line, MOL and NYK – have officially established Ocean Network Express (ONE), making further progress on the integration of their container shipping businesses.
The three Japanese carriers – K Line, MOL and NYK – have updated that it expects to get an approval from the South African authority for the merger of their container shipping businesses, following an earlier rejection by the country’s competition commission body.