Nippon Yusen KK

ATHENS, GREECE--(Marketwire - March 15, 2010) - Omega Navigation Enterprises, Inc. ( NASDAQ : ONAV ) (SGX: ONAV50), a leading provider of Marine Transportation services specializing in product tankers, announced today the delivery on February 25, 2010 from Hyundai Mipo Dockyard in S. Korea of the Megacore Honami, a 37,000 dwt. product/chemical carrier. The vessel is owned by a company fully owned by Megacore Shipping Ltd., an equal partnership joint venture between Omega and a wholly owned subsidiary of Gl  

Japanese stocks rose, sending the Topix index toward its biggest weekly gain in almost two months, as the yen weakened on speculation the central bank will further ease monetary policies and after U.S. jobless claims dropped. Canon Inc., which gets 28 percent of its sales from the Americas, and Sony Corp. climbed at least 2.5 percent. The yen weakened to as much as 89.35 per dollar from 88.39 at the 3 p.m. close of stock trading in Tokyo yesterday, boosting the value of their repatriated foreign income,  

ATHENS, Greece, March 3, 2010 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX), a global shipping transportation company specializing in dry bulk cargoes, announced today that the Company took delivery of the newly-built m/v New York, a 177,773 dwt Capesize dry bulk carrier built by Shanghai Waigaoqiao Shipbuilding Co. Ltd, on March 1, 2010. As previously announced, the New York is chartered to Nippon Yusen Kaisha for a minimum fifty eight (58) to a maximum sixty two (62) month period at a gross rate  

Japan Airlines Corp. and Nippon Yusen K.K., Japan's biggest shipping company, said Tuesday they will end talks on integrating their cargo operations, as the plan fell apart after JAL filed for bankruptcy protection in January. With the decision, sources said JAL will consider a major reduction in its air cargo operations, including ending its air freight business, as part of its state-led rehabilitation process. "Both parties have reached an amicable conclusion to end the negotiations because the stru  

NYK Line said Thursday it will merge its domestic logistics unit in Japan with its freight forwarding subsidiary, Yusen Air & Sea Service, on Oct. 1. The merger will help streamline the group's domestic logistics business, and eventually consolidate its international operations, Japan's largest shipping company said yesterday after signing a letter of intent. Plans for the merger were announced last November.  

Nippon Yusen KK, Japan's largest shipping line, will be increasingly reliant on shipping iron ore and coking coal to China as it expands its fleet as domestic growth stagnates. China may account for half of the iron ore and coking coal the company ships by 2015, up from 20 percent now, according to Kazuo Ogasawara, general manager of the capesize bulker group at the Tokyo-based company. Japan may account for less than 40 percent, compared with 60 percent now, Ogasawara said.  

Nippon Yusen K.K., Japan's largest shipping line, will be increasingly reliant on shipping iron ore and coking coal to China as it expands its fleet as domestic growth stagnates. China may account for half the iron ore and coking coal the company ships by 2015, up from 20 percent now, according to Kazuo Ogasawara, general manager of capesize bulker group at the Tokyo-based company. Japan may account for less than 40 percent, compared with 60 percent now, Ogasawara said.