The Isle of Man Ship Registry has signed a Memorandum of Understanding with Toko Maruraku Transportation Co. Ltd in Tokyo to facilitate the registration and related services to its growing number of Japanese clients. Toko Maruraku will undertake vessel and…

Read at IoM signs MOU to target the Japanese market

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• Isle of Man Ship Registry signs MoU with Toko Maruraku Transportation Co. Ltd.

    The Isle of Man Ship Registry has signed a Memor and um of Underst and ing (MOU) with Toko Maruraku Transportation Co. Ltd in Tokyo in order to facilitate the registration and related services to its growing number of Japanese clients. The services that Toko Maruraku Transportation Co

• Isle of Man Registry shall Japanese presence

    The Isle of Man Registry has signed an agreement with Toko Maruraku Transportation to offer registration and other services in Japan. Under a Memorandum of Understanding signed between the registry and Toko Maruraku the Japanese company will be able to carry out the registration of vessels and mortgage registration for

• Japan steelmakers against quarterly coal contracts

    Japanese steelmakers oppose miner BHP Billiton’s attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would not suit their clients in manufacturing, they said on Wednesday. The Japan Metal Daily on Tuesday reported that BHP Billiton, one of the world’s biggest coal producers, was

• ISHIMA set to expand in Japan

    Singapore-headquartered ISHIMA, the ship management firm belonging to the Italian shipowner d’Amico Group, is aiming to expand its services to the Japanese shipowning market, reports Tokyo’s Kaiji Press. It currently manages one ship each for two Japanese owners, but the… Read at ISHIMA set to expand in Japan

• Japanese steel demand to 33.4 percent in the 1st Quarter 2010

    According to the Japanese Ministry of Economy, Trade and Industry (METI), Japanese steel demand is expected to reach 23.9 million mt in the first quarter of 2010, increasing by 33.4 percent as compared to Q1 2009. Meanwhile, in the first quarter of 2010, Japanese raw steel demand will increase by

• Precious starts buying

    As it nears the end of a large scale clear-out of older tonnage Thai-based handysize dry cargo specialist Precious Shipping has, as expected, started buying modern second-hand tonnage.

• ClassNK to create new Local Area Representative Office in Fujairah

    Japanese ship classification society NIPPON KAIJI KYOKAI (ClassNK) is pleased to announce the establishment of its new Local Area Representative Office at Fujairah, United Arab Emirates effective 1 September 2009 at the address shown below. Establishment of the Local Area Representative at Fujairah further reinforces ClassNK’s service network by becoming the 106th

• ClassNK to new offices in Africa and the Middle East

    Japanese ship classification society NIPPON KAIJI KYOKAI (ClassNK) is pleased to announce the establishment of two new offices in Africa and the Middle East this month. The first is a new office in Accra, Ghana, which will officially open on 25 December 2009, while the other is in Tehran, Iran,

• Japans push for clean lines, shipping

    Japanese shipping companies are continuing to invest in technologies for more fuel-efficient and emissions-reducing vessels, collaborating with manufacturers and adopting government-backed initiatives, at a time where climate talks are reaching the pinnacle of global importance. Mitsui O.S.K.

• Barclays Capital launches LNG Services Department

    Barclays Capital launched a liquefied natural gas services division on Wednesday, geared towards providing solutions such as hedging services and risk management for players in the LNG market. In its first deal, with LNG terminal operator Excelerate Energy, Barclays will market LNG arriving into Excelerate’s Northeast Gateway U.S.

• Japan launches support for exports Ship

    Japan is providing financial support to shore up slumping vessel exports amid flagging demand from ship owners. The government-affiliated Japan Bank for International Cooperation signed a general agreement for arranging an export credit line for ships, worth up to $113 million, with Turkiye Is Bankasi

• Questions 1 china Lot 2010 coal export quotas

    China has issued its first batch of coal export quotas for 2010 at 25.5 million tonnes, expected to account for about half of total quotas for the year, trade sources said on Wednesday. China’s top two coal exporters, Shenhua Group and China National Coal Group, each received export quotas of

• Morgan Stanley provides iron ore to rise 60% in 2010

    Morgan Stanley has raised its forecast for a 2010 benchmark iron ore price rise to 60% from 20% previously. Morgan Stanley also sees a further 20% increase in ore prices in 2011, a bank analyst report said.

• New premium finance vehicle starts

    A new venture aimed at easing premium flow for the often hard-pressed international marine market and its clients has been launched in London. Major insurers are reported to have confirmed that they will support what is said to be the… Read at New premium finance vehicle launched

• Japanese Ship Orders Valley for 14 Months

    Japanese export ship orders sank for the 14th consecutive month in November on a year-on-year basis, tumbling 23.5 percent to 404,190 gross tons, according to figures released by the Japan Ship Exporters’ Association on Tuesday.