Latest news with #NYKLine
Nikkei Asia
4 days ago
- Business
- Nikkei Asia
Japan's NYK Line moves forward with sea-based rocket recovery plan
A reusable rocket stands on the deck of a recovery vessel in a concept image. (NYK Line) TOMONORI WASHIDA TOKYO -- Japanese shipping company NYK Line has obtained an industry body's approval for a proposed water-based recovery system for rockets, aiming to spend the next two years working on technical designs before conducting field testing in fiscal 2028. The company, officially known as Nippon Yusen, met with parties including Mitsubishi Heavy Industries, which is handling the rocket technology side of the project, to discuss using ships for soft landings at sea.
Nikkei Asia
17-07-2025
- Business
- Nikkei Asia
Nippon Yusen to buy Dutch logistics company for $1.45bn
Nippon Yusen, also known as NYK Line, looks to bolster its management structure against economic waves. (Photo by Tomonori Washida) TOMONORI WASHIDA TOKYO -- The Nippon Yusen group announced Thursday that it will acquire Movianto International, a Dutch company focused on health-care-related logistics, for about 1.25 billion euros ($1.45 billion). The Japanese shipping company, also known as NYK Line, hopes to diversify its revenue sources as maritime transportation is highly sensitive to changes in the global economy.
Yomiuri Shimbun
15-07-2025
- Business
- Yomiuri Shimbun
1st Newly Built Asuka Cruise Ship in 34 Years Unveiled as More Companies Invest in Building Cruise Ships
The Asuka III, NYK Line's first new passenger ship in 34 years, is set to go into service on July 20, becoming part of a two-ship fleet for the company alongside the active Asuka II. NYK Line unveiled the interior of the Asuka III to the press on July 11. The ship weighs 52,265 gross tons, 230 meters long and can accommodate 740 passengers. It boasts an outdoor pool, a casino and six restaurants, and all 381 staterooms include balconies providing ocean views. As part of decarbonization efforts, the ship's fuel system allows for the use of liquefied natural gas, which emits fewer greenhouse gases, in addition to conventional heavy and light oils. On its maiden voyage, the ship will embark on a seven-day tour, visiting Hakodate and Otaru in Hokkaido. The travel fare, for two people sharing a room, ranges from ¥984,000 to ¥4,786,000 per person. 'We aspire to be the flagship of Japan's cruise industry,' Captain Hisashi Kogue said during the preview event on July 11. NYK Line's primary businesses is cargo logistics, such as transporting automobiles and raw fuel. However, the company's outlook is uncertain due to disruptions from U.S. tariff measures and concerns about economic slowdown. To diversify its revenue sources, the company aims to strengthen its cruise ship business. According to the Cruise Lines International Association, the number of global cruise passengers reached a record high of 34.6 million in 2024, a 9% increase from the previous year. It predicts this number will approach 40 million by 2027. The Japanese market is relatively small, with only 224,000 passengers in 2024. However, the Land, Infrastructure, Transport and Tourism Ministry has set a goal of reaching 1 million passengers by 2030. As cruise ship businesses are expected to experience increased demand both domestically and internationally, companies are focusing their efforts on this sector. In March, Mitsui O.S.K. Lines, Ltd. announced the purchase of a cruise ship from a U.S. passenger ship company, with plans to commence operations in the second half of 2026. The company also plans to invest about ¥100 billion to build two cruise ships, with the first slated for completion around 2027. Oriental Land Co. aims to commence cruise ship operations by the end of fiscal 2028. The company's long-term management strategy, announced in April, also revealed a plan to consider launching a second ship. 'Unlike theme parks, cruises have no land constraints,' said President Wataru Takahashi. 'We want to leverage our strength, which is the power of Disney, to provide enjoyment to our customers,' he added, indicating his intention to establish the cruise ship business as a growth pillar.
Nikkei Asia
11-07-2025
- Business
- Nikkei Asia
NYK launches 2nd cruise ship as Japan aims for 1m passengers
The Asuka III is a midsize cruise ship that can fit 740 passengers. (Photo by Tomonori Washida) TOMONORI WASHIDA TOKYO -- Japanese marine transport group NYK Line held a naming ceremony on Friday for the second cruise ship in its fleet, as the government envisions a domestic cruise market of 1 million passengers. At 52,265 metric tons, the Asuka III is a midsize vessel that can accommodate 740 passengers in 381 cabins.
Powys County Times
07-07-2025
- Politics
- Powys County Times
Another cargo ship comes under attack in Red Sea
A Liberian-flagged cargo ship has come under fire in the Red Sea, with two security guards on board reportedly hurt and two others missing in an assault that followed Yemen's Houthi rebels purportedly sinking another vessel. The assault followed the Houthis saying the Liberian-flagged, Greek-owned bulk carrier Magic Seas sank on Monday after being attacked with drones, missiles, rocket-propelled grenades and small arms fire on Sunday, forcing its crew of 22 to abandon the vessel. The two attacks and a round of Israeli air strikes early on Monday targeting the rebels raised fears of a renewed Houthi campaign against shipping that could again draw in US and Western forces to the area, particularly after President Donald Trump's administration targeted the rebels in a major air strike campaign. The attacks comes at a sensitive moment in the Middle East, as a possible ceasefire in the Israel-Hamas war hangs in the balance, and as Iran weighs whether to restart negotiations over its nuclear programme following American airs trikes targeting its most sensitive atomic sites during an Israeli war against the Islamic Republic. Israeli Prime Minister Benjamin Netanyahu has also travelled to Washington to meet Mr Trump. The private security firm Ambrey reported the latest attack on Monday night in the Red Sea, offering the details on the hurt and missing security guards. It said the vessel had been heading north toward the Suez Canal when it came under fire by men in small boats and by bomb-carrying drones. The security guards on board had opened fire in response. 'The vessel's engines had reportedly been disabled and Ambrey observed that the vessel had started to drift,' the firm said. Military spokesman Brigadier General Yahya Saree said the Houthis attacked the Magic Seas as the ship belonged to a company which it said continued to do port calls in Israel. Following the attack, the Israeli military said that it struck Houthi-held ports at Hodeida, Ras Isa and Salif, as well as the Ras Kanatib power plant. It released footage showing an F-16 launching from Israel for the strike, which came after the Israeli military issued a warning for the area. 'These ports are used by the Houthi terrorist regime to transfer weapons from the Iranian regime, which are employed to carry out terrorist operations against the state of Israel and its allies,' the Israeli military spokesman said. He also said the military struck the Galaxy Leader, a vehicle-carrying vessel that the Houthis seized back in November 2023 when they began their attacks in the Red Sea corridor over the Israel-Hamas war. 'Houthi forces installed a radar system on the ship and have been using it to track vessels in the international maritime arena to facilitate further terrorist activities,' the spokesman said. The Bahamas-flagged Galaxy Leader was affiliated with an Israeli billionaire. It said that no Israelis were on board. The ship had been operated by a Japanese firm, NYK Line. The Houthis acknowledged the strikes but offered no damage assessment from the attack. Mr Saree claimed its air defence forces 'effectively confronted' the Israelis. Israel has repeatedly attacked Houthi areas in Yemen, including a naval strike in June. Both Israel and the United States have struck ports in the area in the past — including an American attack that killed 74 people in April — but Israel is now acting alone in attacking the rebels as they continue to fire missiles at Israel. Israeli defence minister Israel Katz threatened to launch further strikes. 'What's true for Iran is true for Yemen,' Mr Katz said in a statement. 'Anyone who raises a hand against Israel will have it cut off. The Houthis will continue to pay a heavy price for their actions.' The Houthis then responded with an apparent missile attack on Israel. The Israeli military said that it attempted to intercept the two missiles launched by the Houthis but they appeared to make impact, though no injuries have been reported. Sirens sounded in the West Bank and along the Dead Sea. The attack on the Magic Seas, a bulk carrier heading north to Egypt's Suez Canal, happened about 60 miles south west of Hodeida, which is held by the Houthis. The British military's United Kingdom Maritime Trade Operations centre first said that an armed security team on the vessel had returned fire against an initial attack of gunfire and rocket-propelled grenades, though the vessel later was struck by projectiles.
