Court decision saves OOCL $185m fine
Orient Overseas Container Line (OOCL) received a HK$185 million reprieve yesterday when Europe's second-highest court overturned a record fine imposed five years ago by the European Commission.Wednesday, 1 October, 2003, 12:00am
The new link will offer traders working between the Middle East and the US another transport option
China's No2 container line will join forces with Hong Kong-based Norasia this week to launch a pendulum service linking markets on the west coast of North America, Asia and the Mediterranean.22 Jul 2003 - 12:00am
NYK Line's Hong Kong operations recorded a 15 per cent increase in container volume handled in the first half of this year because of strong demand from the United States and Europe.
NYK (HK) chairman Koichi Aoki said the carrier handled about 240,000 teu (20 ft equivalent units) in Hong Kong and about 50,000 teu in the southern mainland annually.23 Aug 2000 - 12:00am
Eight members of the South-East Asia Rate Agreement (Sara) have announced a rate restoration of US$100 per teu (20 ft equivalent unit) in Hong Kong, China (with the exception of Guangdong) and South Asia trade from June 1.3 Apr 1998 - 12:00am
Japan's largest shipping group Nippon Yusen Kaisha and shipowner Showa Line are to merge on October 1.
Showa will be dissolved after the merger and the companies say one Showa Line share will be exchanged for 0.125 NYK share. The merger is the largest in the Japanese business for several years.1 Apr 1998 - 12:00am
A new shipping alliance - the United Alliance - was born on March 26, grouping Hanjin Shipping, DSR-Senator Line, Cho Yang Shipping and United Arab Shipping Co.1 Apr 1998 - 12:00am
Japanese shipper Nippon Yusen Kaisha (NYK) is to enter the Baltic states market for the first time by choosing Icelandic firm MGH as its agent for its deep-sea liner service.
MGH will handle NYK's deep-sea liner services for Latvia, Lithuania and other parts of the former Soviet Union served through Baltic ports. MGH is part of Iceland's largest shipping company, Eimskip.23 Mar 1998 - 12:00am
JAPANESE Transport Minister Makoto Koga yesterday welcomed moves to avert sanctions by the United States over a bilateral port dispute with Tokyo.
'It is quite favourable that Japan and the United States drew up a memorandum aimed at averting unilateral punitive measures by the US Federal Maritime Commission [FMC],' the minister said.13 Apr 1997 - 12:00am
The United States' Federal Maritime Commission could decide next week whether to penalise Japan for its alleged unfair port practices, a Japanese agency reports.14 Feb 1997 - 12:00am
NYK Line, Tokyo, has successfully negotiated with OCS Inc, Osaka and its major shareholder, Sankyu, Tokyo on purchasing the stock of Orient Consolidation Service (HK).
As a result of this negotiation, NYK Line has acquired an additional 55,000 shares of the 200,000 public shares, effective August 8.14 Aug 1996 - 12:00am
THE Grand Alliance grouping comprising Hapag Lloyd, Neptune Orient Lines, Nippon Yusen Kaisha (NYK) and P&O Containers says its service between Europe and Asia will start in June and comprise four loops operated by 34 vessels.
The service will form part of the Grand Alliance's services covering the main East-West trades.6 Mar 1996 - 12:00am
JAPANESE cruise line operators are hoping to attract passengers from outside the traditional market of wealthy retirees, according to a newspaper report.
The Nikkei Weekly reported that the lines particularly were targeting younger passengers, with limited holiday time, by offering shorter introductory cruises on Japan's coastline.8 Dec 1995 - 12:00am
THE global shipping alliance formed by P & O Containers, Hapag-Lloyd, Neptune Orient Lines and Nippon Yusen Kaisha will start a weekly service to China next year or in early 1997.
P & O Containers North America president Christopher Rankin said the trans-Pacific service would concentrate on the mainland ports of Shekou and Shanghai.30 Jun 1995 - 12:00am
NIPPON Yusen Kaisha (NYK) president Jiro Nimoto is to take over as chairman of the company. Hiroshi Ishikawa, has been named NYK vice-chairman. Kentaro Kawamura will take over as president.21 Jun 1995 - 12:00am
NIPPON Yusen Kaisha (NYK Line) and the Brazilian carrier Flota Oceanica Brasileira are starting a conventional liner service from Japan-Far East to Manaus, Brazil.
Each carrier is deploying a semi-containership of more than 500 teus to serve Kobe, Nagoya, Yokohama, Pusan, Keelung, Hong Kong, Singapore and Manaus on a twice-monthly basis.17 Apr 1995 - 12:00am