
BOJ Is Said to See Little Impact From Election on Rate Stance
While officials will keep a close eye on the government's fiscal policy going forward, they still consider it appropriate to keep raising the BOJ's benchmark rate if their economic outlook is realized, the people said.
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Trump Slaps Tariffs, Modi Fires Back -- Is India Breaking Away from the US?
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Denso's quarterly profit declines on tariffs and strong yen
Denso, a key supplier to Toyota, has reported that the consolidated operating profit fell by 11.1% to Y107.2bn ($0.7bn) for the first quarter (Q1) ending 30 June 2025. Profit attributable to parent company's owners saw a 16.1% down to Y79.3bn ($0.5bn). The company's consolidated revenue stood at Y1,754.1bn ($11.7bn), in line with the last year. These figures come against the backdrop of a global automotive industry grappling with supply chain issues, and the recent profit decline has significant implications for the Japanese automaker's supply chain. In July, the US agreed to lower tariffs on Japanese car imports to 15%, a substantial reduction from the proposed 25%. This tariff reduction is expected to alleviate some pressure on Japanese auto manufacturers, including Toyota, which has been facing production bottlenecks partly due to Denso's challenges. Denso executive vice president and CFO Yasushi Matsui commented: "Revenue in the first quarter remained consistent with the previous year, driven by a strong increase in vehicle sales in Japan, despite a decline in revenue due to the impact of the strong yen." He also noted that the company forecasts Y7,200.0bn ($48.2bn) in revenue and Y675.0bn ($4.5bn) in operating profit for the fiscal year, taking into account the first quarter's results and the anticipated tariff cost reflections from the second quarter onwards. Matsui added: 'Operating profit forecast remains unchanged supported by efforts to minimise the impact of tariff costs and to steadily reflect incurred costs in pricing. Furthermore, as part of measures to enhance corporate value, it was resolved to sell Denso's own shares in Toyota Industries Corporation ('Toyota Industries') and to provide advance notice of a tender offer for its own shares held by Toyota Industries.' Regionally, Denso saw a revenue rise in Japan by 2.9% to Y1,013.3bn ($6.8bn), while operating profit plummeted by 70.4% to Y13.3bn ($89.3m). North America experienced a revenue decrease of 5.4% to Y473.2bn ($3.2bn), with a 3% drop in operating profit. Europe's revenue fell by 6.4% to Y186.9bn ($1.3bn), but operating profit rose by 4.4%. Asia's revenue dipped slightly by 0.5% to Y459.0bn ($3.1bn), with a 33.3% increase in operating profit. Other areas saw a 4% revenue increase and a 7.3% decrease in operating profit. The interdependence between Toyota and Denso is highlighted by Ainvest, noting that Denso supplies more than 1,000 components per vehicle to Toyota. This has traditionally streamlined Toyota's production process but has also created vulnerabilities. Toyota is now facing extended wait times for hybrid models, prompting efforts to localise production, such as the $14bn battery plant in North Carolina in the US and a $7bn joint venture with Mazda in Alabama. "Denso's quarterly profit declines on tariffs and strong yen" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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BSM launches methanol bunkering simulator in Kochi, India
Bernhard Schulte Shipmanagement (BSM) has opened a methanol bunkering simulator at the Maritime Training Centre in Kochi, India, in collaboration with Wartsila. This simulator aims to provide seafarers with the necessary skills and knowledge to safely manage methanol as a fuel source. An ammonia bunkering simulation module is set to be added in early 2026. The Wartsila TechSim 5000 simulator, built on the TechSim 9 platform and certified by ClassNK for IGF Code training, comes with a 'comprehensive' simulation of methanol fuel systems. Its key capabilities include dual bunkering stations with liquid and vapor return lines; real-time monitoring of storage tanks; low-pressure pump skids, nitrogen systems, and fuel valve trains; an Integrated Automation System (IAS) with interactive controls; 3D visualisation of bunkering stations; emergency shutdown systems; and a variety of e-Tutor scenarios for bunkering, troubleshooting, and emergency response. BSM group general manager for training and development Capt. Gurpreet Singh said: 'The new Wartsila simulator will allow our seafarers to train in a realistic, risk-free environment, preparing them for the complexities of methanol, and soon ammonia, bunkering operations with precision. It's not just technology investment—it's a commitment to competence and safety.' This launch is part of BSM's wider strategy to adapt its training programmes to meet the demands of low- and zero-carbon vessels. Plans are on for two additional methanol bunkering simulators at BSM's Maritime Training Centres in Poland and the Philippines by the end of 2025. In the first quarter of 2026, BSM will upgrade the Kochi simulator to include a dedicated ammonia training module, complementing existing LNG hub training. This initiative aims to cover the three primary alternative fuels—LNG, methanol, and ammonia—that are essential for maritime decarbonisation. BSM's investment in simulation technology and crew training aligns with the advancements in its managed fleet. This year, it will assume the management of its first methanol-fuelled vessels. The demand for methanol-fuelled ships is expected to grow, with approximately 60 currently in operation and more than 350 projected by 2030 based on existing orders. To support this transition, BSM is also focusing on training its instructors. The company participated in the inaugural Train-the-Trainer programme on Alternative Fuels for Sustainable Shipping in April in Shanghai, organised by the International Maritime Organisation (IMO) and the World Maritime University (WMU). This initiative is said to ensure that BSM's trainers are equipped with the latest knowledge and methodologies to teach crews about the safe handling of methanol and ammonia in accordance with the IMO's IGF Code. BSM has developed a series of training courses specifically addressing the safe handling of these new fuels. The curriculum includes familiarisation courses on methanol and ammonia, as well as specialised training in methanol firefighting and simulation-based bunkering. BSM CEO Sebastian von Hardenberg said: 'The maritime decarbonisation depends not just on new technologies, but also on the people who operate them. Their capabilities are the foundation for safe and efficient vessel operations and a successful energy transition.' "BSM launches methanol bunkering simulator in Kochi, India" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data