Japan’s Sumitomo Mitsui Trust Bank (SuMi TRUST Bank) has invested in London-based Hayfin Capital Management’s Maritime Yield strategy, bringing total strategy commitments to over $620m across the commingled fund and related separately managed accounts. The investment is the latest addition to the...
https://splash247.com/sumitomo-mitsui-trust-bank-invests-in-hayfin/
With Donald Trump widely tipped to pass judgement on extra fees for Chinese-linked tonnage calling at US ports in the next couple of days, another wrinkle has emerged that has not been widely discussed in Washington to date. Trump’s tariff war against China late last week backtracked as his...
https://splash247.com/japanese-and-korean-yards-with-investments-in-china-on-edge/
Japanese shipping line Nippon Yusen Kaisha (NYK) is rolling out a new player in the dry bulk sector through a merger of three of its shipping and shipmanagement subsidiaries. Asahi Shipping, Hachiuma Steamship and Mitsubishi Ore Transport are set to combine into NYK Bulkship Partners. The new...
https://splash247.com/nyk-reveals-new-dry-bulk-player-via-triple-merger/
Matt Britzman, senior equity analyst, Hargreaves Lansdown:
“Investors are waking up to a positive sight for once, with markets opening higher across a broad range of European indices and the FTSE 100 up 0.9% at the open. However, this should hardly be seen...
Japanese shipping line Nippon Yusen Kaisha (NYK) is adding a first methanol dual-fuel very large crude oil carrier (VLCC) to its fleet. The Tokyo-headquartered behemoth has signed up for a 339.5 m long, 309,400 dwt newbuild at fellow builder Nihon Shipyard (NSY), a joint venture between Imabari...
https://splash247.com/nyk-orders-its-first-methanol-dual-fuel-vlcc/
Japanese offshore contractor Eneos Drilling has secured employment for one of its jackup rigs in Vietnam. The Tokyo-based subsidiary of Eneos Xplora has fixed the 2018-built Hakuryu-14 to Japan Vietnam Petroleum Company for work on two wells in Block 15-2 offshore Vung Tau. The contract is set to...
https://splash247.com/eneos-drilling-seals-jackup-deal-in-vietnam/
Derren Nathan, head of equity research Hargreaves Lansdown:
“Despite months of sabre-rattling by Donald Trump, markets appear to have been unprepared for the depth and breadth of tariffs announced by the White House....
Green methanol provider C2X has secured $100m in further investment from A.P. Møller Holding, A.P. Møller – Mærsk and Japanese energy company ENEOS. The proceeds from the investment will primarily be used to fund the final development phase of the Beaver Lake Renewable Energy (BLRE) project which...
https://splash247.com/eneos-comes-onboard-maersk-backed-green-methanol-project/
Top Japanese shipyards are collaborating to open a dedicated ship tech research facility at the University of Osaka. Imabari Shipbuilding, Japan Marine United along with ClassNK and MTI, the research arm of Nippon Yusen Kaisha (NYK) are joining forces to establish the Open Collaboration Laboratory...
Nippon Yusen NYK, Japan’s largest shipping line, is concerned that U.S. President Donald Trump’s tariffs could push up the cost of automobiles and daily goods, denting consumer demand and slowing cargo flows, its president said.