• 2018 February 13 17:03

    MOL and Nippon Concept Corporation announce the conclusion of a capital and business alliance agreement

    Mitsui O.S.K. Lines and Nippon Concept Corporation today announced the conclusion of a capital and business alliance agreement, the company said in its press release.

    MOL plays a major role in the ocean shipping industry, in which the business environment is undergoing rapid changes, such as sluggish and fluctuating markets and industrial reorganizations, due to structural changes in energy demand in recent years and the ongoing trend toward local production for local consumption. Under this business environment, MOL set out policies in its "Rolling Plan 2017" announced on April 28, 2017, to carefully select business fields that have a clear competitive edge and strategically allocate human resources and investment in fields that can create stable profits and demonstrate the company's advantages. Since then, it has moved ahead to strengthen its business based on those policies. Some of the fields in which it strategically allocates human resources and investment include chemical tanker and logistics; at the same time, it is promoting a study on entering the tank container business.

    NCC, as an international logistics corporation that specializes in the transport of liquid cargo and various types of gases including chlorofluorocarbon (CFC), provides a unique service - door-to-door international multimodal transport of liquid cargo, CFC and other various gases - creating the optimal combination of transport modes and routes from shipper to destination. Under the company's basic policy of further expanding its logistics networks in Japan and overseas and enhancing its management base to ensure sustainable growth, it has also worked to firmly establish the NCC brand on a global scale and acquire new customers, with the aim of dramatically expanding its business worldwide, including Europe and Asia, as well as the United States, a market it entered seven years ago.

    Against this backdrop, MOL and NCC concluded the agreement with the objective of developing a comprehensive two-way strategic partnership including both partners' group companies, and steadily enhancing their businesses. For example, the agreement gives NCC the opportunity to globally increase its name recognition and enhance its competitiveness by integrating MOL Group companies' overseas networks with its existing networks. For MOL, it will be an opportunity to expand business in liquid chemical product transport business, which requires considerable expertise and has the potential to generate stable profits. Both companies are confident that the agreement will facilitate those business opportunities. The companies will also continue discussions on other issues that will mutually benefit them as they build a partnership that will maximize corporate value for both partners.

    NCC plans to accept one full-time director and one part-time director from MOL on its board of directors upon the resolution of the general meeting of shareholders.

    MOL plans to acquire 15% of NCC's issued shares in total through acquisition of its issued shares and subscription to new shares issued through a third-party allocation by NCC.

    The business alliance between MOL and NCC covers the following issues:
     a) Share overseas networks and business networks
     b) Joint business and service operations
     c) Joint technology research and development
     d) Joint purchasing
     e) Proactive use of both companies' services
     f) Personnel exchange
     g) Other beneficial matters to enhance the businesses of both companies




2018 November 21

09:35 Bunker prices continue decreasing at the Port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index is down to 1,003 points

2018 November 20

18:21 Igor Levitin suggests separating positions of Deputy Transport Minister and head of Rosmorrechflot
18:06 MAN Energy Solutions wins order to supply the engine for a new dredger in southern China
17:53 Workshop aimed at building oil pollution preparedness and response capacity held in the Republic of Guinea
17:36 “K” Line announces delivery of new LPG carrier for Gyxis Corporation
17:18 Atomflot: first delivery of fish by NSR expected in summer-autumn season of 2019
17:04 Diana Shipping announces time charter contract for m/v Sideris GS with Berge Bulk
16:47 Rashid Sharipov as Chairman of the Board of Directors NCSP BoD
16:25 NIBULON Shipbuilding and Repair Yard launched second POSS-115 Project tug
16:04 OOCL announces improvements to Asia – Middle East 1 and Asia – Middle East 3
15:50 Storage area line launched at Vostochny Port’s Phase 3
15:34 New overpass at Maasvlakte 2 opens
15:03 Port of Oakland works to reduce impact of trucks
14:33 The port of Marseille Fos is engaged in reducing shipemissions by developing LNG as a marine fuel
14:03 Teesport Intermodal Rail Terminal celebrates fourth anniversary
13:43 12th Transport of Russia Forum and Exhibition opens in Moscow
13:10 Damen signs with Rimorchiatori Spezzini for two new Damen ASD Tugs 2411
13:02 Bunker prices are going down in the Far East ports of Russia (graph)
12:38 CCCC Dredging supports the 6th Forum of Dredging Companies as its Sponsor
11:54 Concession agreement signed for construction of coal terminal “Lavna”
11:30 OOCL introduces the new West Africa Service 2
10:45 Major ASW ship Severomorsk of RF Navy's Northern Fleet escorts Indian civilian vessel in the Gulf of Aden
10:23 Russian Railways’ BoD makes decision on discounts for cargo transportation in 2019
10:00 Brent Crude futures price down 0.39% to $66.53, Light Sweet Crude – down 0.24% to $57.06
09:19 Baltic Dry Index is down to 1,023 points
08:51 Valenciaport container vilume increased by 4.78% in the last twelve months
07:51 Klaveness Combination Carriers declares option for sixth combination carrier newbuild

2018 November 19

18:37 IMO holds workshop boosting maritime security in Gulf of Guinea
18:05 MOL conducts tabletop drill for LNG carrier
17:49 Hapag-Lloyd to start new Asia – Gulf Service (AGS)
17:43 Busan Port Authority signs Letter of Intent for the Maasvlakte Distribution Park West
17:01 Ocean Network Express expands the partnership of Asia - South America
16:32 BIMCO standard ship repair contracts overhauled
16:05 Port of Hamburg railborne container transport up 4.3 percent in the first nine months of 2018
15:44 FESCO and DB Cargo plan to launch joint transit shipments from China to Europe via Kaliningrad
15:10 Costamare announces the acquisition of the York Capital majority interest in five 14,000 TEU containerships
14:56 Half a billion tones of Kazakhstan oil lifted from CPC Marine Terminal
14:47 Saipem 7000 semi-submersible at Damen Verolme Rotterdam for DPS upgrade
14:33 OpenRisk launches guideline for risk management at sea to improve response to accidental spills
13:59 NCSP Group's consolidated cargo turnover for January-September totaled 105,253 thousand tons
13:11 Average wholesale prices for М-100 HFO down to RUB 19,660 in RF spot market
12:47 ABP invests over £1 million on a rooftop solar project at the Port of Goole
12:18 Damen supports 2nd Dredging and Hydraulic Engineering Structures Congress as its General Sponsor
12:00 The Fjords plans to add another all electric passenger vessel to its fleet
11:36 TOTE Services' Philip Greene Jr. retires next year
11:02 Damen Shipyards Group celebrates Multraship Carrousel RAVE Tug winning KNVTS Ship of the Year Award
10:44 Port of Oakland cargo volume up 3.9 percent in August - October 2018
10:43 Throughput of Port Vysotsky up 9.4% to 6.34 million tonnes in 10M’18
10:19 Brent Crude futures price up 0.69% to $67.22, Light Sweet Crude – up 1.02% to $57.26
09:57 Media Group PortNews issues special edition of its magazine for Transport Week 2018
09:35 Rosmorrechflot reduced operation period of locks in Volga-Don Basin
09:18 Baltic Dry Index is up to 1,031 points

2018 November 18

16:21 Wellington ferry skipper fined $1,688 after grounding
15:04 SFL continues its fleet renewal programme, to sell its 2002-built VLCC
14:37 Austal delivers Expeditionary Fast Transport ship USNS Burlington to U.S. Navy
14:26 Lockheed Martin gets $282M contract mod for four MMSCs project
14:13 Ulstein Verft starts construction of largest hybrid ship for Color Line
13:41 Klaveness extends contract of affreightment with South32 Marketing Pte Ltd
12:06 PaxOcean wins three newbuilding contracts from Royal IHC