Japan

Japan

23 Jun 2015
The new head of MOL Line said its container line will cooperate more with its nine terminals in order to boost profitability after losses from its liner business deepened to 9.5 billion yen ($76.6 million) last fiscal year.
20 Jun 2015
Japanese carrier NYK said it expects a weaker yen, low fuel costs and cost-cutting to provide it with higher container shipping profit despite low rates this year.
19 Jun 2015
China has fined 21 container carriers a total of RMB 4.25 million ($684,000) for providing customers in the China-Japan trade with rates below officially quoted levels.
17 Jun 2015
In an ominous sign for its export-reliant economy, Japan’s red-hot merchandise trade with the United States lost some steam in May after expanding by more than 20 percent in March and April.
15 Jun 2015
Automotive part shippers can tap a new less-than-containerload service offering faster service between China and Japan by bypassing Hong Kong.
12 Jun 2015
Mitsubishi Corp. has launched a $300 million fund to acquire, manage and lease container vessels to major shipping firms, but the fund’s size apparently fell well short of the Japanese giant’s expectations.
03 Jun 2015
CaroTrans is launching a new weekly less-than-container-load service between Southeastern U.S. and Japanese markets, cutting out transshipment and avoiding congestion at ports in Los Angeles and Busan.
30 May 2015
Kintetsu World Express’s $1.2 billion acquisition of APL Logistics was finalized on Friday, May 29, after the deal secured all the required legal, regulatory and shareholder approvals.
29 May 2015
Toll Group began operating under the Japan Post flag today as president and CEO Toru Takahashi announced the new board that will provide governance to the Melbourne-based logistics company.
27 May 2015
It is unlikely to be casual Friday on May 28 as the new Japan Post-owned Toll Group marks its first official business day.
US, Japan flags
25 May 2015
Merchandise trade between Japan and the United States is expanding at a breakneck pace, as Japan’s exports and imports both charged ahead by more than 20 percent for the second straight month in April on a year-over-year basis.