Tokyo

18. май, 9:03 Nippon Yusen says in talks with Tepco, Mitsubishi on Wheatstone investment Ni...

seagull 18. май, 9:03
Nippon Yusen says in talks with Tepco, Mitsubishi on Wheatstone investment

Nippon Yusen, Japan's biggest shipping company, is in talks with Tokyo Electric Power Co and trading house Mitsubishi Corp to buy a stake in Australia's Wheatstone gas project, a Nippon Yusen spokesman said on Wednesday, Reuters reports.
The Japanese government and Japanese companies will jointly buy a 10 percent stake in the gas field in Western Australia for about 350 billion yen ($4.37 billion), the Nikkei business daily reported on Wednesday.

en.portnews.ru

2. май, 12:39 Tokyo Gas, Sumitomo to start talks to buy U.S. LNG Japan's Tokyo Gas and ...

seagull 2. май, 12:39
Tokyo Gas, Sumitomo to start talks to buy U.S. LNG

Japan's Tokyo Gas and trading house Sumitomo Corp said on Friday they would make a joint announcement on the start of talks to buy liquefied natural gas (LNG) from the Cove Point project in the United States at 11 a.m., Reuters reports. Dominion Resources wants to convert the Cove Point terminal in Maryland from an import terminal to an export plant that would ship up to 1 billion cubic feet of cheap U.S. natural gas a day to foreign markets where it would fetch a higher price.

portnews.ru

9. апр, 8:36 Tokyo сontainer 2011 throughput up 8.6 percent The number of foreign trade cont...

seagull 9. апр, 8:36
Tokyo сontainer 2011 throughput up 8.6 percent
The number of foreign trade containers handled by the Port of Tokyo rose 8.6 percent in 2011 from the previous year to a record high of about 4.144 million 20-foot equivalent units, Journal of Commerce reports. According to a preliminary report released by the Tokyo metropolitan government, about 1.913 million TEUs were exported last year, up 10.0 percent, and about 2.231 million TEUs were imported, up 7.4 percent.

Tokyo is Japan’s largest container port, followed by Yokohama, Nagoya, Kobe and Osaka. The preliminary report does not give any analysis.

In terms of volume, Tokyo handled 44.666 million tons of container cargo in foreign trade in 2011, up 4.3 percent from a year earlier. Container cargo exports totaled 12.475 million tons, down 3.5 percent, and container cargo imports amounted to 32.191 million tons, up 7.7 percent.

China and the U.S. are Tokyo’s largest- and second-largest trading partners in terms of container trade volume. The two countries are also the largest and second-largest export markets and import sources for the Japanese port in terms of container trade volume.

In 2011, Tokyo’s container cargo exports to China fell 8.6 percent to 4.536 million tons, while its container cargo imports from China increased 6.9 percent to 15.540 million tons.

Tokyo’s container cargo exports to the U.S. rose 4.4 percent to 2.467 million tons, and its container cargo imports from the U.S. also increased 8.8 percent to 3.508 million tons.

en.portnews.ru

27. фев, 10:42 Japan pledges loans to Iraq Japan’s main shipping insurer will only be able to ...

seagull 27. фев, 10:42
Japan pledges loans to Iraq
Japan’s main shipping insurer will only be able to provide a fraction of the coverage to tankers transporting Iranian oil under new European Union sanctions, officials said on Friday, Arab Times reports.
Starting in July, European insurers and reinsurers will be prohibited from indemnifying ships carrying Iranian crude and oil products anywhere in the world as per sanctions on Tehran.
Although Japan’s P&I Club, which provides insurance for shipping companies, does not directly fall under the sanctions regime, it is largely dependent on the European reinsurance market to hedge its risk.
New Western sanctions imposed on Iran to punish it for its suspected nuclear weapons programme have hampered traders’ ability to do business with Tehran.
“The Club benefits from the reinsurance programme of the International Group of P&I Clubs, much of which is placed in London and thus within such jurisdiction,” said Royston Deitch, a London-based official with Japan’s P&I Club.
“Japan Club rules excludes any recovery or indemnity where the liabilities, costs or expenses are not recoverable from the Club’s reinsurers due to sanctions.”
The insurer will only be able to provide coverage worth a maximum $8 million per tanker, down from the current $1 billion coverage, said an industry official, who declined to be identified.
“Japan Club can pay up to $8 million, but if it covers more than that, it could go bankrupt with only an accident,” he said.

The insurer is expected to publish a circular early next week outlining its policy on Iran, and which is likely to include cuts to coverage.
Any reductions would force club members who want to continue to import Iranian oil to obtain additional coverage from outside the Japan P&I club, possibly in China, Russia or the Middle East.
It also translates into fewer options for non-Japanese shipping companies, such as state-run Shipping Corporation of India, that need to replace their European insurance coverage. China, India and Japan are Iran’s three biggest crude oil customers.
Japan P&I Club is the only Asian-based member of the Group of International P&I Clubs, an association of customer-owned ship insurers which covers 95 percent of the world’s tankers against pollution and personal injury claims.
Japan, Iran’s third biggest crude oil customer, is looking to reduce its dependence on the OPEC member due to pressure from the EU and the United States.
Japan may cut Iranian crude oil imports by a more-than-expected 20 percent as it seeks a waiver from US sanctions, a newspaper reported on Thursday, a move which would spare its banks from a major blow but also boost its rising fuel import bill.

Also:
TOKYO: Japan is to offer $530 million in loans to Iraq, in part to help rebuild oil refineries, an official said Friday, as Tokyo seeks to diversify fuel supplies after the tightening of sanctions on Iran.
Loans totalling 42.5 billion yen have been pledged to Baghdad to aid the war-ravaged country with four infrastructure projects, including a refinery in the southern city of Basra and another in the northern city of Baiji, a foreign ministry spokesman said.
A hospital and telecommunications system will also benefit.
“The total value of the projects will amount to 160 billion yen and the main contractors will be Japanese companies,” said the official in charge of Middle East issues.
The loans come as Washington continues to press Tokyo to decrease its dependence on Iranian oil, amid a growing Western-led sanctions campaign targeting Tehran’s alleged nuclear weapons programme.

The United States is trying to ramp up pressure over the programme, which Tehran insists is peaceful, threatening to cut off financial institutions that deal with the country’s central bank, which would squeeze Iran’s vital oil export business.
Japan last month initially appeared willing to fall into line with US demands to reduce Iranian oil imports, only to backtrack and insist the issue needed further study.
Iranian crude now makes up around a tenth of resource-poor Japan’s oil imports, while crude from Iraq accounts for about three percent.
Japan has eagerly sought to strengthen its ties with Iraq by offering reconstruction support in the aftermath of the conflict there. The world’s third-largest economy relies heavily on the Middle East for its oil needs.

en.portnews.ru

2. янв, 19:09 NYK introduces new approaches to reduce environmental impact at Eco-Products 201...

seagull 2. янв, 19:09
NYK introduces new approaches to reduce environmental impact at Eco-Products 2011
NYK made a booth presentation at Eco-Products 2011, one of the largest environmental exhibitions in Japan, which was held from December 15 to 17 at Tokyo Big Sight (Koto-ku, Tokyo). The company exhibited under the theme “Achieving environmental friendly monohakobi (transport).” A total of 181,500 visitors attended the exhibition, with many of them visiting the NYK booth, the Group's press release said.

The display presentation at the booth include vessels equipped with new technologies such as Auriga Leader, NYK’s environmental flag ship equipped with solar panels and rechargeable batteries; and a module carrier equipped with an air-lubrication system that reduces the frictional resistance between a vessel’s bottom and the seawater by means of bubble power. Moreover, as a company that aims at accomplishing a zero-emission ship by 2050, NYK displayed NYK Super Eco Ship 2030, a conceptual, future containership for 2030, which marks the halfway point for 2050.

For visitors, the presentation was made in a way to familiarize them with the ocean and environment, while explaining the structure of vessel and the international rules involved in the maritime industry by showing models and panels. Moreover, visitors from children to adults enjoyed experiencing an operational simulator located in the booth.

In addition, a mini-seminar lasting 15 minutes was held every day at the NYK booth during the event, in which NYK’s environmental activities were detailed, including its cutting-edge environmental technologies, its approaches for updated energy-saving ship operation, and energy-saving operations at the office.

NYK group will continue to strive to develop measures to protect the environment through developing eco-friendly vessels and promoting energy-saving ship operations.

About NYK
Nippon Yusen Kabushiki Kaisha is one of the world's leading transportation companies. At the end of March 2011, the NYK Group was operating 827 major ocean vessels, as well as fleets of planes, trains, and trucks. The company's shipping fleet includes 143 containerships, 344 bulk carriers, 57 woodchip carriers, 118 car carriers, 86 tankers, 29 LNG carriers, three cruise ships, and 47 other ships. NYK's revenue in fiscal 2010 was about $22 billion, and as a group NYK employs about 54,000 people worldwide. NYK is based in Tokyo and has regional headquarters in London, New York, Singapore, Hong Kong, Shanghai, Sydney, and Sao Paulo.

en.portnews.ru

12. дек, 9:40 Logistics info sharing system opens in Hangzhou The opening ceremony for the se...

seagull 12. дек, 9:40
Logistics info sharing system opens in Hangzhou
The opening ceremony for the service interface of the North East Asia Logistics-Net, the first international logistics information sharing and cooperation system in the world, was held in east China's Hangzhou on Dec. 6, 2011People's Daily reports. With the opening of the interface, China, Japan and South Korea have officially realized information sharing regarding the dynamic conditions of containers and container ships in the three pilot ports of the Ningbo-Zhoushan Port, Tokyo-Yokohama Port and the Port of Busan.

COSCO Logistics is one of the enterprises participating in this pilot project. Before the project, COSCO Logistics had to establish electronic data exchange interfaces with the Ningbo-Zhoushan Port, Tokyo-Yokohama Port and the Port of Busan to master the dynamic conditions of the ships.

After the service interface was opened, COSCO Logistics will be able to link up with the three ports and get information as to the conditions of the ships and containers staying in the ports by simply adjusting their original interfaces.

Ship agencies, goods agencies, enterprises and clients using this platform will also be able to establish information sharing links directly with the ports.

en.portnews.ru