Less losses, new problems 
In its latest overall assessment, the Safety & Shipping Review 2022, published by insurer Allianz Global Corporate & Specialty SE (AGCS) reports that total losses have declined significantly - around 50 to 75 per year in the last four years, compared to more than 200 per... plus
"K" Line announces changes in executive team
Kawasaki Kisen Kaisha ("K" Line) is restructuring the responsibilities of some of its executive officers, effective as of 1 June 2022. Senior managing executive officer Yukio Toriyama, formerly responsible for the CFO unit (corporate planning, research, corporate... plus
Connecting Thailand with China 
The Chinese branch of the former Nippon Express Group, now NX Group, recently launched a new multimodal transport service linking up China and neighbouring Asean countries. With lead times of five days, this new offer is a multimodal service for transporting cargo by rail... plus
Four more alternative PCTCs ordered
Four new 7,000-unit capacity pure car carriers (PCTC) with liquefied natural gas (LNG) as their main fuel are to be built at Nihon Shipyard in Tokyo and Shin Kurushima Dockyard in Imabari-shi. The vessels are the second series following four initial LNG-fuelled car carriers,... plus
Changes at Mitsui O.S.K. Lines
Mitsui O.S.K. Lines (MOL; president & CEO: Takeshi Hashimoto) has announced the following changes: Yoshiro Sakamoto, former general manager, secretaries & general affairs division, has been named general manager of legal division, effective 21 June 2022. Masaaki... plus
More capacity on the ground and in the air
A Boeing B767-300 has arrived in Singapore for a P2F conversion to be carried out by ST Engineering. It will subsequently join Icelandair Cargo in October. The aircraft will be acquired on lease from AerCap, which had previously leased it to TUI Airways. Another converted... plus
U-Ming Marine investing for Taiwan
The U-Ming Marine Offshore Company (Umo), a Taiwanese joint venture, has acquired two second-hand crew-transfer vessels (CTVs). The JV between the U-Ming Marine Transport Corporation, established in 1984, and World Marine Offshore, from Denmark, completed their reflagging... plus
