Japan's Nippon Yusen Kaisha (NYK) has pleaded guilty to price fixing of ocean shipping services for cars and trucks, and has agreed to pay a $59.4m criminal fine, according to the US Department of Justice.

United European Car Carriers (UECC) has placed an order with MAN Diesel & Turbo for a pair of dual fuel engines for its two LNG-powered newbuildings.

Singapore Shipping Corp (SSC) is anticipating better performance ahead when its two new vessels are delivered in the coming months, following a dip in results in the first quarter of 2015.

Wallem Ship Management has been contracted to provide technical and crew management for nine Höegh Autoliners car carriers.

Norway’s Ocean Yield has ventured into the gas market with an acquisition for three liquefied ethylene gas (LEG) carriers, and it also bought two pure car truck carriers (PCTC), putting in an investment of $333m in total.

Nantong Cosco KHI Ship Engineering (Nacks) has won an order to build two dual-fuel LNG pure car and truck carriers (PCTC) for United European Car Carriers (UECC).

Piraeus is on track to become the Mediterranean’s biggest commercial port, though European competition authorities are not happy about aspects of the Greek port’s expansion.

Kawasaki Kisen Kaisha (K Line) has ordered four new car carrier vessels at Shin Kurushima Dockyard and Japan Marine United Corporation.

US-based Crowley Maritime Corporation is spending $350m to build two LNG-powered container roll-on/roll-off (con-ro) vessels at VT Halter Marine Inc, the US shipyard of ST Engineering.

The world’s largest shipowner Nippon Yusen Kaisha (NYK) is expanding in areas such as offshore as president Yasumi Kudo says oversupply is the “usual state of affairs” for the majority of shipping sectors.