DOCSLIB.ORG

Annual Report 2011

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2011 NIPPON YUSEN KABUSHIKI KAISHA 3-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-0005, Japan Telephone: +81-3-3284-5151 http://www.nyk.com ANNUAL REPORT 2011 More Than Shipping This report is printed using environmentally friendly printing methods. Waterless printing, which releases no hazardous liquids, has been adopted as a NIPPON YUSEN KABUSHIKI KAISHA means of safeguarding the environment. The report was printed using vegetable oil ink on FSC-certified paper, which includes ingredients from carefully managed forests. ANNUAL REPORT 2011 Printed in Japan Contents About us 2 Our Vision 6 Our Business 10 Our Sustainability MAnAgeMent 14 Message from NYK’s Executive Officers 16 Consolidated Financial Highlights 18 Special Feature: Grow with Asia, Expand across the Globe 20 A Review of Recent Medium-Term Management Plans 22 “More Than Shipping 2013 — Grow with Asia, Expand across the Globe” — Plan Overview 24 NYK Group president Yasumi Kudo shows the new medium-term management plan — “More Than Shipping 2013” “ We will pursue value-added strategies exploiting our strengths in order to escape competitive conditions that are becoming commoditized.” 36 The Strategic Pillars of “More Than Shipping 2013” 44 An On-Site Report from Asia Performance 45 Review of Operations 46 Market Data 48 Highlights by Segment 50 Global Logistics Business 56 Bulk Shipping Business 63 Other Business 64 Efforts to Support the Area Devastated by the Japan Earthquake and Tsunami sustAinAbility 65 Sustainability 66 Environment 68 Safety 70 Human Resources 72 Social Contribution Activities governAnce 73 Corporate Governance 74 Interviews with Outside Directors Cautionary Statement with Regard to Forward-looking Statements 78 Corporate Governance Some statements made in this annual re- 84 Directors, Auditors & Corporate Officers port are forward-looking statements, which involve certain risks and uncertainties that 86 Independent Directors could cause actual results to differ materi- Fact dAtA ally from those projected. Readers are cau- tioned not to place undue reliance on these 87 forward-looking statements, which are val- Company Information id only as of the date thereof. NYK under- finAnciAl DatA takes no obligation to republish revised forward-looking statements to reflect 93 events or circumstances after the date Financial Section thereof or to reflect the occurrence of un- anticipated events. NIPPON YUSEN KABUSHIKI KAISHA Although essentially a shipping company, we cannot differentiate ourselves through shipping alone. This is why we intend to grow further by combining traditional shipping with value-added strategies. In March 2011, the NYK Group prepared a new medium-term management plan — “More Than Shipping 2013” — which focuses on our commitment to building a new growth model that reaches beyond shipping and on strategies for putting that model into practice. How will we evolve going forward? Focusing on the new medium-term management plan, this annual report explains our path to further growth. ANNUAL REPORT 2011 1 Our Vision NYK Group Mission Statement Through safe and dependable monohakobi (transport), we contribute to the betterment of societies throughout the world as a comprehensive global-logistics enterprise offering ocean, land, and air transportation. Together with Our Customers Through the use of our extensive skill and expertise and by considering each business site to be of utmost importance, we always work to create new value so that our customers will consider us a trusted and reliable partner. Together with Our Shareholders and Investors We aim to enhance our corporate value by being financially responsible and by con- ducting business activities in an open, honest, and transparent fashion. Together with Society As a good corporate citizen, we positively take on the tough issues that challenge our society, such as concerns involving the preservation of our natural environment, as we work for the betterment of the world that we inhabit. Together with All Staff Members in the NYK Group As a global enterprise that has the utmost respect for diversity in the workplace and the spirit of challenge, we emphasize the development of employee talents so that all staff members can take pride in their work and eventually fulfill their dreams. NYK Group Values: integrity, innovation, and intensity Principles for Achieving NYK Group Mission Statement integrity Be respectful and considerate to your customers and colleagues. Stay warm, cordial, courteous, and caring. innovation Continually think of new ideas for improvement, even when conditions appear satisfactory. Remain open to betterment. intensity Carry through with and accomplish your tasks. Never give up. Overcome challenges. Remain motivated. 2 NIPPON YUSEN KABUSHIKI KAISHA Our Business For more than 125 years, the NYK Group has anticipated the needs of the times consistently. This impressive track record testifies to the ingenuity Business Portfolio and dedication that enabled our predecessors to Net Sales Breakdown* pioneer shipping routes. * Before consolidation elimination Global Logistics Business Such boldness continues to characterize our mindset today. Liner Trade Business 22.3% Logistics Business 18.9% Fiscal 2010 Terminal and Harbor 5.9% Transport Business Air Cargo Transportation Business 4.2% Bulk Shipping Business Bulk Shipping Business 38.5% Car Transport Dry Bulk Transport Other Business Energy Transport Cruise Business 1.7% Real Estate Business 0.6% Other Business Service 7.9% Key figures Fleet Size (Consolidated) Logistics Centers 827 vessels 36 countries 60.2 million Kt (DWT) 412 centers (As of September 2010) Cruise ships 3 Others 47 LNG carriers 29 Containerships 143 Terminals (including semi-container Tankers 86 ships) Fiscal 2010 (vessels) Bulk Car carriers 118 carriers 109 (capsize) 43 Wood chip Bulk carriers 235 bases worldwide carriers 57 (panama & handysize) Air Cargo Transportation 2,375 million ton km (Fiscal 2010 shipping data) ANNUAL REPORT 2011 3 6 NIPPON YUSEN KABUSHIKI KAISHA NYK Group — Trailblazing through the Ages For more than a century, the NYK Group has repeatedly been first to identify emerging trends and respond to them boldly and creatively. The steady expansion of the NYK Group’s fleet of vessels reflects the success 2010 of these initiatives. Taking inspiration from this pioneering legacy, we will Celebrates 125th anniversary. tirelessly tackle challenges to ensure growth not only in the next several decades but throughout the next century. 1,000 2007 • Sets out integrity, innovation, and intensity as the NYK Group Values. 1929 • Establishes NYK-TDG Maritime Lifts curtain on age of luxury Academy in the Philippines. 750 passenger liners by introducing to North American and European 1950s: Due to rapid growth of Japan’s economy, routes series of passenger liners, international ocean cargo movements shift 1997 eventually including Asama significantly from general cargo toward crude oil Large tanker Diamond Grace spills Begins to develop as overseas shipping company Maru, Chichibu Maru, and and other energy and natural resources. The NYK crude oil in Tokyo Bay. centered on international liner services by Hikawa Maru. Group quickly decides to introduce a series of establishing liner services to Shanghai, Manila, dedicated vessels, including tankers, iron-ore Vladivostok, and other ports. carriers, and wood-chip carriers. 1885 1893 1896 1914 1968 Yubin Kisen Mitsubishi Kaisha and Launches Japan’s first Establishes liner services to Tokushima Maru becomes first Takes delivery of Kyodo Unyu Kaisha merge to long-distance liner service on the Europe, North America, and Japanese ship to pass through Japan’s first fully establish Nippon Yusen Kaisha (NYK). Bombay (Mumbai) route. Australia; ranks alongside the Panama Canal. containerized ship. 500 Western shipping companies. Photo provided by Mitsubishi Archives Hakone Maru 2009 1978 Enters offshore Heian Maru Establishes Nippon Cargo business by Airlines Co. Ltd. (NCA). participating in 1959 drilling-ship project. Takes delivery of NYK Group’s first oil tanker. Hiroshima Maru The senior management team of Yubin Kisen Mitsubishi Kaisha Shipping mandates 250 1873 Mitsukawa Shokai, formerly Tokushima Maru Tsukumo Shokai,* reorganizes and Tobata Maru becomes Mitsubishi Shokai, under owner Yataro Iwasaki, who subsequently founds the Mitsubishi Drilling ship Group. Changes name to Mitsubishi Jokisen Kaisha in the following year. Tanba Maru * A company that the Tosa Clan establishes Faces rapid yen appreciation due in 1870 with three steamships. Yataro Iwasaki oversees the business. to Plaza Accord. In response, the NYK Group undertakes decisive 1960 1985 restructuring and steps up hiring of non-Japanese crew members Takes delivery of NYK Group’s Celebrates centennial. through manning companies. first specialized ore carrier. 0 1870 1875 1880 1885 1890 1895 1900 1905 1910 1915 1920 1925 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 Operating Fleet Size (vessels) 4 NIPPON YUSEN KABUSHIKI KAISHA ANNUAL REPORT 2011 5 Our Business For more than 125 years, the NYK Group has anticipated the needs of the times consistently. This impressive track record testifies to the ingenuity Business Portfolio and dedication that enabled our predecessors to Net Sales Breakdown* pioneer shipping routes. * Before consolidation elimination Global Logistics Business Such boldness continues to characterize our mindset today. Liner Trade Business 22.3% Logistics Business 18.9% Fiscal 2010 Terminal and
Load more

Recommended publications
  • Federal Register/Vol. 70, No. 192/Wednesday, October 5, 2005
    58222 Federal Register / Vol. 70, No. 192 / Wednesday, October 5, 2005 / Notices however, will be limited to the seating of the date this notice appears in the Parties: American President Lines, available. Unless so requested by the Federal Register. Copies of agreements Ltd.; APL Co. Pte Ltd.; China Shipping Council’s Chair, there will be no public are available through the Commission’s Container Lines Co., Ltd.; COSCO oral participation, but the public may Office of Agreements (202–523–5793 or Container Lines Company Limited; submit written comments to Jeffery [email protected]). Evergreen Marine Corporation (Taiwan), Goldthorp, the Federal Communications Agreement No.: 011223–031. Ltd.; Hanjin Shipping Co., Ltd.; Hapag- Commission’s Designated Federal Title: Transpacific Stabilization Lloyd Container Line GmbH; Kawasaki Officer for the Technological Advisory Agreement. Kisen Kaisha, Ltd.; Mitsui O.S.K. Lines, Council, before the meeting. Mr. Parties: American President Lines, Ltd.; Hyundai Merchant Marine Co. Goldthorp’s e-mail address is Ltd.; APL Co. Pte Ltd.; CMA CGM, S.A.; Ltd.; Kawasaki Kisen Kaisha Ltd.; [email protected]. Mail delivery COSCO Container Lines Ltd.; Evergreen Mitsui O.S.K. Lines, Ltd.; Nippon Yusen address is: Federal Communications Marine Corp. (Taiwan) Ltd.; Hanjin Kaisha Line; Orient Overseas Container Commission, 445 12th Street, SW., Shipping Co., Ltd.; Hapag-Lloyd Line Limited; and Yangming Marine Room 7–A325, Washington, DC 20554. Container Linie GmbH; Hyundai Transport Corp. Merchant Marine Co., Ltd.; Kawasaki Filing Party: David F. Smith, Esq.; Federal Communications Commission. Kisen Kaisha, Ltd.; Mitsui O.S.K. Lines, Sher & Blackwell; 1850 M Street, NW.; Marlene H.
    [Show full text]
  • 2014 Shipping Lines Directory
    SHIPPING 2015LINES DIRECTORY Bigger and better is the order of the day as shipping lines take delivery of containerships with ever-larger capacity and sustainable upgrades. But with some forecasters predicting that fleet capacity will outstrip industry growth, today’s ocean carriers find that modernizing vessels is just the first port of call. Indeed, sailing to profitability involves forming shipping alliances, enhancing service routes, and deploying innovative web tools for shippers. Inbound Logistics’ 2015 Shipping Lines Directory dives into the latest service enhancements and innovations offered by some of the industry’s major ocean carriers. October 2015 • Inbound Logistics 53 The ports of Seattle and Tacoma have combined their strengths and resources. BOLD STEP 3rd largest gateway in North America. Ranked #1 for ease of doing business. 2015SHIPPING LINES DIRECTORY Atlantic Container Line (ACL) 800-ACL-1235 | www.ACLcargo.com | www.nextgenerationconro.com PARENT COMPANY: Grimaldi Group of Naples, Italy Since 1967, ACL has been a specialized transatlantic carrier of containers, project and oversized cargo, heavy equipment, and vehicles with the world’s largest combination roll-on/roll-off (RoRo) containerships (CONROs). Headquartered in Westfield, N.J., with offices throughout Europe and North America, ACL offers five transatlantic sailings each week and handles the Grimaldi Lines’ service between the United States and West Africa, as well as the Grimaldi EuroMed service between North America and the Mediterranean. The company also offers service for non-containerized cargo from North America to the Middle East, South Africa, Australia, and Asia. APL 800-999-7733 | www.apl.com | www.nol.com.sg PARENT COMPANY: NOL Group SISTER COMPANY: APL Logistics APL offers more than 90 weekly services that cover 165 ports, and provides container transportation and value-added supply chain management services internationally, including intermodal operations with information technology, equipment, and e-commerce.
    [Show full text]
  • Markets Odfjell Predicts Chemical Tanker Market
    Friday February 16, 2018 Daily Briefing Leading maritime commerce since 1734 LEAD STORY: Jeremy Nixon sets out vision for ONE Jeremy Nixon sets out NEWS: vision for ONE Time to make the case for oceangoing shipping OPINION: Cryptocurrency blockchain plans should sound warning bells Racing to the bottom MARKets: Odfjell predicts chemical tanker market recovery in 2019 IN OTHER NEWS: Foresight confirms VLCC deal with Fredriksen Avance Gas expects better VLGC IN AN EXCLUSIVE interview with Lloyd’s List, the Ocean Network markets in 2018 Express chief executive explains why the carrier that will launch services on April 1 is a brand new business rather than the more Korea Line’s earnings more than traditional product of a merger, and how a new hybrid class of lines can double but Heung-A reports a loss deliver services for customers that are different to those offered by the South Korean journalist jailed for mega carriers or niche players. taking bribes from DSME The container shipping industry is about to witness something that has NYK grabs a methanol-fuelled never happened before, the arrival of a new line that will rank among chemical tanker the biggest in the world from day one. Essar Shipping narrows loss as finance costs halve Six weeks from now, Ocean Network Express will inaugurate services, and immediately join the industry heavyweights at number six in Safe Bulkers beats expectations with terms of fleet capacity. profitable fourth quarter What distinguishes the new Japanese-owned carrier from its competitors is the fact that this really will be a new business in every sense, rather than the product of a merger or acquisition that seeks to maintain existing brands, or absorb one line into another.
    [Show full text]
  • Japanese Reflections on World War II and the American Occupation Japanese Reflections on World War II and the American Occupation Asian History
    3 ASIAN HISTORY Porter & Porter and the American Occupation II War World on Reflections Japanese Edgar A. Porter and Ran Ying Porter Japanese Reflections on World War II and the American Occupation Japanese Reflections on World War II and the American Occupation Asian History The aim of the series is to offer a forum for writers of monographs and occasionally anthologies on Asian history. The Asian History series focuses on cultural and historical studies of politics and intellectual ideas and crosscuts the disciplines of history, political science, sociology and cultural studies. Series Editor Hans Hägerdal, Linnaeus University, Sweden Editorial Board Members Roger Greatrex, Lund University Angela Schottenhammer, University of Salzburg Deborah Sutton, Lancaster University David Henley, Leiden University Japanese Reflections on World War II and the American Occupation Edgar A. Porter and Ran Ying Porter Amsterdam University Press Cover illustration: 1938 Propaganda poster “Good Friends in Three Countries” celebrating the Anti-Comintern Pact Cover design: Coördesign, Leiden Lay-out: Crius Group, Hulshout Amsterdam University Press English-language titles are distributed in the US and Canada by the University of Chicago Press. isbn 978 94 6298 259 8 e-isbn 978 90 4853 263 6 doi 10.5117/9789462982598 nur 692 © Edgar A. Porter & Ran Ying Porter / Amsterdam University Press B.V., Amsterdam 2017 All rights reserved. Without limiting the rights under copyright reserved above, no part of this book may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the written permission of both the copyright owner and the author of the book.
    [Show full text]
  • Financial Statements 2016 and Management Report
    Financial Statements 2016 and Management Report Hapag-Lloyd Aktiengesellschaft FINANCIAL STATEMENTS 2016 AND MANAGEMENT REPORT HAPAG-LLOYD AKTIENGESELLSCHAFT FOR THE FINANCIAL YEAR FROM 1 JANUARY TO 31 DECEMBER 2016 Disclaimer: This financial statements and management report contains statements concerning future developments at Hapag-Lloyd. Due to market fluctuations, the development of the competitive situation, world market prices for commodities, and changes in exchange rates and the economic environment, the actual results may differ considerably from these forecasts. Hapag-Lloyd neither intends nor undertakes to update forward-looking statements to adjust them for events or developments which occur after the date of this report. Data for United Arab Shipping Company (UASC) is included under the condition of a successful closing of the merger with Hapag-Lloyd in 2017. The German version of this report is the legally binding document. This report was published in April 2017. 5 CONTENTS 6 MANAGEMENT REPORT 6 Company structure and shareholders 7 Operating activities 9 Company objectives and strategy 11 Corporate management 14 Principles and performance indicators 14 Important financial performance indicators 14 Important non-financial principles 18 Research and development 19 Sustainability and quality management 20 Employees 21 Remuneration report 34 Economic report 34 General economic conditions 34 Sector-specific conditions 40 Earnings position 44 Net asset position 46 Financial position 50 Statement on the overall economic position
    [Show full text]
  • NYK Report 2014
    Nippon Yusen Kabushiki Kaisha Nippon Yusen NYK Report 2014 Taking a Step Forward Nippon Yusen Kabushiki Kaisha NYK Report 2014 Financial, Social, and Environmental Performance 2014 How Are We Stepping Up? We Are Advancing Our Strategies to the Next Stage. Combining our traditional shipping business with value-added strategies under Stage 2 The NYK Group has prepared a new five-year medium- term management plan, ‘More Than Shipping 2018’, covering the period from April 2014 through March 2019. While building on the key strategies of the previ- ous medium-term management plan, ‘More Than Shipping 2013’, we will redouble efforts to achieve differentiation through the technological capabilities and professional skills we have honed. Nippon Yusen Kabushiki Kaisha NYK Report 2014 New Medium-Term Management Plan More Than Shipping 2018 ROE 12 % 15.0 10.0 5.0 More Than Shipping 2013 ROE 4.8% 0 (FY) 2012 2013 2014 2016 2018 (plan) (plan) (plan) An FPSO unit producing crude oil off Brazil Nippon Yusen Kabushiki Kaisha NYK Report 2014 01 How Are We Stepping Up? We Are Leveraging Our Technologies. Achieving differentiation by honing technological capabilities and professional skills Japan’s first car carrier with capacity for 7,000 vehicles, Aries Leader was completed in May 2014. Car carriers incorporate a variety of energy-saving technology. Given recent bunker oil price hikes, im- proved fuel efficiency not only reduces CO2 emissions but also contributes to earnings by enabling significant cost reductions. Accordingly, our new medium-term management plan calls for a 15% improvement in fuel efficiency versus the fiscal 2010 level.
    [Show full text]
  • MOL AR08 E 前半.Indd
    MI T SUI O. S For further information, please contact: .K. LI Investor Relations Office Mitsui O.S.K. Lines NE 1-1, Toranomon 2-chome, Minato-ku, S Tokyo 105-8688, Japan Telephone: +81-3-3587-6224 Facsimile: +81-3-3587-7734 e-mail: [email protected] Annual Report 2008 URL: http://www.mol.co.jp/ The MOL ADVANCE Challenge Annual Report 2008 Year ended March 31, 2008 This annual report was printed entirely on FSC-certified paper with soy-based ink. Printed in Japan Shareholder Information BRASIL MARU by Capital: ¥65,350,351,028 Head office: 1-1, Toranomon 2-chome, Minato-ku, Tokyo 105-8688, Japan the Numbers Number of MOL employees: 892 In 2007, the Brasil Maru, one of the world’s largest iron ore carriers, Number of MOL Group employees: 9,626 began plying the route between Japan and Brazil. Her massive size has (The parent company and consolidated subsidiaries) changed the world of natural resource shipping. Take a closer look. Total number of shares authorized: 3,154,000,000 Number of shares issued: 1,206,195,642 Number of shareholders: 102,316 Shares listed in: Tokyo, Osaka, Nagoya, Fukuoka Share transfer agent: Mitsubishi UFJ Trust and Banking Corporation 4-5, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8212, Japan Communications materials: Annual Report (English/Japanese) Investor Guidebook (English/Japanese) Market Information (English/Japanese) News Releases (English/Japanese) Web Site (English/Japanese) Quarterly Newsletter Open Sea (English/Web Site) Monthly Newsletter Unabara (Japanese) Environmental and Social Report (English/Japanese) As of March 31, 2008 Stock price range (Tokyo Stock Exchange) and volume of stock trade Fiscal 2005 High Fiscal 2006 High Fiscal 2007 High (¥) ¥1,094 ¥1,443 ¥2,020 2,000 Low ¥611 Low ¥723 Low ¥1,077 1,800 1,600 1,400 1,200 1,000 (Million shares) 800 400 Width: 600 300 400 200 200 100 meters 0 0 05 06 07 08 The same width as /4 5 6 7 8 9 10 11 12 /1 2 3 4 5 6 7 8 9 10 11 12 /1 2 3 4 5 6 7 8 9 10 11 12 /1 2 3 4 5 the wing span of a jumbo jet.
    [Show full text]
  • This English Translation Is Provided for Convenience Only. the Original German Text Shall Be the Sole Legally Binding Version
    This English translation is provided for convenience only. The original German text shall be the sole legally binding version. Hapag-Lloyd Aktiengesellschaft Hamburg - ISIN DE000HLAG475 - - Securities Identification Number HLAG47 - Invitation to the Annual General Meeting Our shareholders are hereby cordially invited to the Annual General Meeting of Hapag-Lloyd Aktiengesellschaft on 26 August 2016 at 10:30 am at Hotel Grand Elysée Hamburg, Rothenbaumchaussee 10, 20148 Hamburg. 241 I. Agenda and proposed resolutions 1. Submissions to the Annual General Meeting pursuant to section 176(1) sentence 1 of the German Stock Corporation Act (AktG) The Executive Board hereby provides the Annual General Meeting with the following submissions pursuant to section 176(1) sentence 1 AktG: . the adopted annual financial statements of Hapag-Lloyd Aktiengesellschaft as at 31 December 2015, . the approved consolidated financial statements as at 31 December 2015, . the Management Report and Group Management Report of Hapag-Lloyd Aktiengesellschaft and the Hapag-Lloyd Group, including the notes contained therein in accordance with sections 289(4) and 315(4) of the German Commercial Code (HGB), . the report of the Supervisory Board, and . the recommendation by the Executive Board for the appropriation of the net income. All of the aforementioned documents can be obtained at www.hapag-lloyd.com/hv and will be made available for viewing at the Annual General Meeting. The Supervisory Board approved the annual financial statements and consolidated financial statements prepared by the Executive Board in accordance with section 172 AktG on 23 March 2016. With the approval of the Supervisory Board, the annual financial statements are hereby adopted.
    [Show full text]
  • Freight Rates and Maritime Transport Costs
    3 As in 2015, the shipping industry faced continued challenges in most segments in 2016, owing to the persistent mismatch between supply capacity and demand. With global demand for seaborne trade remaining uncertain, freight rates continued to be determined by the way supply capacity management was being handled. This chapter covers the development of freight rates and transport costs in 2016 and early 2017, describing relevant developments in maritime markets, namely supply and demand in container ships, dry bulk carriers and tankers. It highlights significant events leading to major freight rate fluctuations, discusses recent industry trends and gives a selective outlook on future developments of freight markets. In particular, the chapter explores the recent trend towards consolidation that developed in the container ship market, both in the form of new mergers and acquisitions, as well as through the emergence of mega liner shipping alliances and their implication on the market. FREIGHT RATES Container freight rates have been very low, and AND MARITIME competition on various trade routes has intensified. Market fundamentals in container shipping improved TRANSPORT for the first time since 2011, mainly as a result of a contraction in supply growth. The dry bulk sector COSTS continued to struggle with existing overcapacity and weak growth in demand, which led to sharp declines in freight rates. Freight rates in all tanker segments went down from the high level of 2015, but were not far from the five-year average across most segments. With regard to total international transport costs, UNCTAD estimates that in 2016 a country spent on average about 15 per cent of the value of its imports on international transport and insurance.
    [Show full text]
  • Liner Shipping Antitrust Exemptions in the Pacific Rim Regions: the Need for International Coordination to Tackle Global Competition Concerns
    Liner Shipping Antitrust Exemptions in the Pacific Rim Regions: The Need for International Coordination to Tackle Global Competition Concerns Masako Wakui* The Pacific Ocean liner shipping market is cartelised, not only because of the unlawful price- setting activities of car-carrier cartels, but also because of antitrust exemptions for shipping companies’ agreements. The current industry consolidation trend driven by economies of scale and digitalisation is likely to nurture the collusion-inducing environment further; as thus, strengthened competition law enforcement associated with the abolition of the exemption system is imperative. The global nature of the service and the experiences thus far indicate the need for internationally coordinated efforts toward that end. This article first explains the current trend in liner shipping services and various factors affecting the market structure to give the readers background knowledge to identify the competitive concerns., Then, it continues on to examines the legal frameworks adopted by countries in the Pacific Rim region, reviews and assesses competition issues and proposes legislative and enforcement measures necessary to the sector. 1. Liner Shipping and Related Services 1.1 Liner shipping business overview Liner shipping is an ocean freight service transporting containers according to a predetermined schedule. Over 80% of global trade in terms of volume (70% in terms of value) is carried by ships and the amount of freight transported by liners accounted for 23.8% 1 of global dry-cargo volume in 2017.1 The buyers of liner shipping services are shippers and forwarders; ocean container transport is used in many sectors as a means of long-distance transportation at a low cost.
    [Show full text]
  • Hapag-Lloyd Forms New Shipping Group
    News and insight for North America's fresh produce buyers By Luisa Cheshire Friday 13th May 2016, 12:44 GMT Hapag-Lloyd forms new shipping group Germany's Hapag-Lloyd and five Asian shipping lines are forming a new vessel- sharing alliance, called The Alliance apag-Lloyd AG, Germany’s top cent of the world’s container shipping fleet state-controlled groups, China Ocean H container shipping line, and five with more than 620 vessels and a combined Shipping Group and China Shipping Group, Asian carriers will form a new capacity of 3.5m standard twenty-foot Bloomberg said. vessel-sharing alliance to take on bigger containers, or TEU, according to the rivals amid a glut in capacity that’s statement. Nippon Yusen, Mitsui OSK and Hapag- depressed freight rates, reports Bloomberg. Lloyd are all currently part of the G6 Global shipping lines are regrouping to Alliance, which will cease to exist next year, The partners will include Japan’s Kawasaki compete more effectively against market while Hanjin Shipping, Kawasaki Kisen and Kisen Kaisha Ltd, Mitsui OSK Lines Ltd, leaders AP Moeller-Maersk A/S and Yang Ming belong to the CKHYE alliance Nippon Yusen KK, South Korea’s Hanjin Mediterranean Shipping Co that are allied that also includes Cosco Container Lines Shipping Co, and Taiwan’s Yang Ming under the 2M partnership, which controls Co and Evergreen Marine Corp Taiwan Ltd. Marine Transport Corp, the Hamburg-based 28 per cent of the market, according to company said in a statement. Alphaliner. Called ‘The Alliance,’ it will control 18 per They also have to contend with Chinese operators as the government consolidated operations of two major http://www.fruitnet.com/americafruit/article/1474/parts-of-san-diego-quarantined-as-psyllid-count-mounts © Copyright Market Intelligence Ltd - Fruitnet.com 2014.
    [Show full text]
  • 1957 Edition / -Ition 1957
    NOAA Climate Database Modernization Program (CDMP) Imaging Support Task, October 2003—Title: WMO Pub. No. 47 (1955-72) Series reference information: WMO (World Meteorological Organization), 1955-: International List of Selected, Supplementary and Auxiliary Ships. WMO No. 47, Geneva, Switzerland. (Serial publication; recently annual. Editions prior to 1966 were titled International List of Selected and Supplementary Ships.) Task background: Prior to the 1973 edition, WMO publication No. 47 (1955-) was published and previously available only in paper form. This project imaged all the editions and supplements that could be located at WMO and from other international sources (Table 1). Reproduced by permission of the World Meteorological Organization. We gratefully acknowledge the assistance of the Japan Meteorological Agency (JMA) and the UK Met Office in providing photocopies of two editions. Table 1: Editions and supplements of WMO No. 47 imaged for this task. Only one original supplement was located (1964s); it is not known whether any additional supplements were issued. The individual document contained in this file is shaded in the table. Year Source1 Edition Explanatory notes 1955 WMO Ed.(1)1955 Volumes were hard-bound through the 1963 Edition 1956 WMO Ed.(2)1956 1957 WMO Ed.(3)1957 1958 WMO Ed.(4)1958 1959 WMO Ed.(5)1959 Including Cyrillic characters for USSR call signs 1960 WMO Ed.(6)1960 " 1961 WMO Ed.(7)1961 " 1962 WMO Ed.(8)1962 " 1963 NOAA Ed.(9)1963 " (Cyrillic continues through 1968a) 1964s NOAA Supp.1964 Indicates amendments and insertions 1966 NOAA Ed.(10)1966 Loose-leaf binding adopted “to simplify keeping the publication up to date” 1968a JMA2 Ed.(10)1966+1+2 1966 edition with two supplements: Supp.
    [Show full text]