Four shipping companies – CSAV, K Line, NYK and WWL-Eukor – have been fined EUR395m ($486.6m) by the European Commission (EC) for collusion in operating a cartel on the car carrier trades.

Major Japanese line NYK has revealed a possible JPY2bn ($18.7m) embezzlement case at its Shanghai car logistics subsidiary NYK Car Carrier (China).

Japanese container line merger Ocean Network Express (ONE) has started to accept bookings from today, two months ahead of the joint venture’s launch.

Japan's “big three” shipowners NYK, Mitsui OSK Lines (MOL) and K Lines are all making moves into the LNG bunkering space.

International Car Operators, a subsidiary of NYK, will install up to 11 wind turbines in the grounds of its finished car logistics terminal in Zeebrugge.

Japanese container line joint venture Ocean Network Express (ONE) has received all the approvals it requires globally.

While the intra-Asia trade has been held up as the next great thing the container industry, there remains debate about the perception that it is notoriously difficult to make money from.

NYK is aiming to take over 100% ownership of Yusen Logistics with a JPY25.6bn ($224.8m) offer for the shares in the company that it does not already own.

The Japanese shipowners based in Shikoku Island are likely to be hit by the merger of the country’s three main container lines.

Japan’s Nippon Yusen Kaisha (NYK) has been slapped with a AUD25m ($20m) fine by the Australian Federal Court for its criminal cartel conduct, imposed by the Australian Competition & Consumer Commission (ACCC).