All NYK articles
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ArticleFavouring freight rate recovery over fleet expansion
Following a four-year splurge in newbuilding contracting that culminated in more than 300,000 Car Equivalent Units (CEU) being ordered in 2015 alone, less than 20,000 CEU were ordered during 2016 and 2017.Maritime Strategies International (MSI) has recorded just two orders this year, a 2,200 CEU vessel designed for Chinese coastal ...
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ArticleManta reports huge increase in vehicle traffic
The port of Manta, in northern Ecuador, has reported a doubling in the volume of finished vehicles it handled over the first seven months of this year to 42,056 units, compared to 20,691 units in the same period last year.Roberto Salazar, president of Manta Port Terminals (TPM) – the private ...
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ArticlePort Canaveral on a roll
Port Canaveral is now able to handle more finished vehicles thanks to a draft deepening project that allows post-Panamax ro-ro vessels to berth at the port. Late last month, the Floridian port accommodated vessels from Höegh Autoliners and NYK Line simultaneously, a first for the facility, which only started handling ...
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ArticleYusen buys share in JV with NYK and Anji
Yusen Logistics has bought a 20% share in the existing joint venture between its parent company NYK and China’s Anji Automotive Logistics for an undisclosed sum. Yusen bought the 20% share from NYK, which previously held 49% of the company. A spokesperson for the company said that the decision to ...
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ArticleFinding the first point of rest
Luke Doremus, director of sales for auto/ro-ro at stevedore and terminal operating company Ports America, talks about efficiency gains and losses and how the company is working with port authorities to improve berth productivity
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ArticleOpening up the angles for multimodal
Now in its 15th year, BMW’s joint venture with Brilliance China Automotive – BMW Brilliance Automotive (BBA) – is adopting a more multimodal approach to its outbound vehicle logistics in the country, and there are a number of reasons for that, according to the company’s vice-president of logistics and strategy, ...
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ArticleNYK sets up direct service between Europe and South America
Ro-ro line NYK has set up a direct monthly service for ocean vehicle shipments from Europe to South America.The first departure left the port of Bremerhaven, Germany, on May 19 before calling at the Belgian port of Zeebrugge. Cargo from Spain is also being taken on-board by NYK through several ...
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ArticleICO expands car terminal at Zeebrugge
NYK’s car terminal subsidiary, International Car Operators (ICO), has signed a concession agreement with the Belgian port of Zeebrugge for a 54-hectare expansion of the Bastenaken car terminal.According to ICO, the new terminal will cover 200 hectares, bringing the total at Zeebrugge to 300 hectares, and will connect Bastenaken with ...
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ArticleTrusting the market will stay afloat
European vehicle-handling ports saw growth in vehicle vehicle volumes in 2017, however geo-political worries – not least Brexit – is causing concerns. Ports continue to invest but there are worries over future volumes and capacity levels.
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ArticleWWL links Spain’s port of Vigo to South America
Wallenius Wilhelmsen Logistics (WWL) has added the Spanish port of Vigo to its Atlantic Ocean service, which supports the movement of finished vehicles, breakbulk and rolling stock between Europe and South America via the US and Mexico.The Norwegian-based global ocean services provider will call at Vigo on a monthly basis, ...
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ArticleFirst volumes of Mitsubishi Eclipse land in the UK
The first shipment of Mitsubishi Eclipse Cross SUVs has been delivered to the UK via Portbury Docks in Bristol, ahead of the model’s launch in the country later this month. Further shipments are planned in coming weeks, according to the carmaker.The vehicle is being made at Mitsubishi’s plant in Okazaki, ...
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ArticleMoving with market currents
Growing sales prompt rising shipmentsThe first half of 2017 has seen a partial recovery in deep-sea shipments of new light vehicles. Management consultancy Maritime Strategies International (MSI) estimates that global shipments will be up around 3% during the first half of 2017, compared to the same period in 2016.According to ...
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ArticleIquique carves out role in Chilean automotive import sector
The Chilean port of Iquique has unloaded nearly 8,000 finished vehicles in the last 15 days, headed to dealers in the local area, according to reports in the local maritime information source Mundo Maritimo.The vehicles were processed by terminal operator Iquique Terminal Internacional (ITI) and moved to the dealers through ...
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ArticleNYK bids to take full ownership of its Yusen Logistics subsidiary
NYK has tendered an offer to take 100% ownership of its subsidiary Yusen Logistics, with a buyout offer equal to 25.6 billion yen ($224.8m).The Japanese shipping company currently owns 59.5% of Yusen Logistics, which was established in 2010 through the combination of NYK Logistics and Yusen Air & Sea Services. ...
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ArticleFCA seeks reparations from global ro-ro carriers for Shipping Act violations
Fiat Chrysler Automobiles (FCA) has sent a complaint to the Federal Maritime Commission (FMC) seeking damages from six shipping companies it says acted to suppress competition for ro-ro services it purchased along with other carmakers.The move follows action taken by the US Department of Justice (DoJ) after an investigation into ...
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ArticleRo-ro carrier faces fine for anti-competitive behaviour in South Africa
Norwegian ro-ro carrier Höegh Autoliners has been referred to South Africa’s Competition Tribunal for charges relating to collusive tendering, price-fixing and market division.The country’s Competition Commission, which referred the case, is seeking an order obliging the company to pay an administrative penalty equal to 10% of its annual turnover on ...
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ArticleNYK convicted and fined in Australia over criminal cartel activity
After admitting its guilt last year, shipping company NYK has been convicted by Australia’s federal court and fined A$25m ($20m) for criminal cartel conduct –the second highest fine ever imposed by the country’s competition authority.In July 2016, following an investigation by the Australian Competition and Consumer Commission (ACCC), the Commonwealth ...
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ArticleMexico fines seven shipping lines over price-fixing
Mexico’s Federal Economic Competition Commission (Cofece) has issued seven ro-ro carriers with fines totalling 581.6m pesos ($32.4m), saying they acted as a cartel to increase prices.The companies involved are K-Line and K-Line Americas, Mitsui OSK Lines, Mitsui OSK Bulk and NYK Line from Japan, Chile’s CSAV, and Wallenius Wilhelmsen Logistics ...
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ArticleSteimler replaces Nakai as head of NYK Group Europe
Global transport and logistics provider, NYK Group, has appointed Svein Steimler (pictured) as president and CEO of its European business.He succeeds Takuji Nakai, who is returning to NYK in Tokyo as a corporate officer on the board and taking on the role of an adviser for the container division and ...