Latest news with #MitsuiO.S.K
Nikkei Asia
07-07-2025
- Business
- Nikkei Asia
Japan, UK firms seek to build 'world's first' floating data center
The floating data center will run on electricity from a dedicated power generating ship. (Mitsui O.S.K. Lines) TOMONORI WASHIDA TOKYO -- Mitsui O.S.K. Lines has agreed with a U.K. company to develop a floating data center with a goal of starting operations in 2027, the Japanese shipping group said on Monday. It would be the world's first offshore data center to be powered by a powership, according to the company.
Japan Today
23-06-2025
- Business
- Japan Today
Japanese ships transiting Strait of Hormuz to minimize time in Gulf
A cargo ship boat model is pictured in front of the Nippon Yusen (NYK) logo in this illustration. Japan's Nippon Yusen and Mitsui O.S.K. Lines said on Monday they have instructed their vessels to minimize the time spent in the Gulf as they continue to transit the Strait of Hormuz following the U.S. strikes on Iranian nuclear facilities. The shipping companies said they are closely monitoring the situation and sharing updates with ships operating in the region. "We are instructing our vessels to shorten their time in the Persian Gulf whenever possible, depending on their schedules," a Nippon Yusen spokesperson said. "We will make decisions on each vessel's passage through the Strait of Hormuz on a flexible basis," he added. MOL's safety operation support center in Tokyo has stepped up 24-hour surveillance, a company spokesperson said. "We are advising vessels operating in the area to exercise maximum caution and providing them with latest information," he said, adding that their vessels have also been instructed to minimize the time in the Gulf. President Donald Trump said the U.S. had "obliterated" Iran's main nuclear sites in strikes over the weekend, joining an Israeli assault in an escalation of the conflict in the Middle East as Tehran vowed to defend itself. Iran's Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz, Iran's Press TV said on Sunday, after parliament was reported to have backed the measure. Iran has long used the threat of closing the Strait, through which around 20% of global oil and gas demand flows, as a way to ward off Western pressure which is now at its peak following the U.S. strikes. © Thomson Reuters 2025.
Business Recorder
23-06-2025
- Politics
- Business Recorder
Three tankers divert away from Strait of Hormuz amid rising tensions: shipping data
LONDON: Three empty oil and chemical tankers have diverted away from the Strait of Hormuz and changed course, Marine Traffic ship tracking data showed on Monday, amid growing uncertainty over whether Iran will take reprisal action in the vital waterway after U.S. airstrikes on Tehran's nuclear facilities. The Marie C and Red Ruby, which were in ballast rather than carrying cargo and previously sailing towards the Strait, dropped anchor near Fujairah off the United Arab Emirates coast. Tankers U-turn, zig-zag, pause around Strait of Hormuz The Kohzan Maru was sailing in the Gulf of Oman close to Omani waters, according to data on the MarineTraffic platform. Japan's Nippon Yusen and Mitsui O.S.K. Lines said on Monday they had instructed their vessels to minimise the time spent in the Gulf as they continue to transit the Strait of Hormuz.
Business Times
23-06-2025
- Business
- Business Times
Japanese ships transiting Strait of Hormuz to minimise time in Gulf
[TOKYO] Japan's Nippon Yusen and Mitsui O.S.K. Lines said on Monday they have instructed their vessels to minimise the time spent in the Gulf as they continue to transit the Strait of Hormuz following the US strikes on Iranian nuclear facilities. The shipping companies said they are closely monitoring the situation and sharing updates with ships operating in the region. 'We are instructing our vessels to shorten their time in the Persian Gulf whenever possible, depending on their schedules,' a Nippon Yusen spokesperson said. 'We will make decisions on each vessel's passage through the Strait of Hormuz on a flexible basis,' he added. MOL's safety operation supporting centre in Tokyo has stepped up 24-hour surveillance, a company spokesperson said. 'We are advising vessels operating in the area to exercise maximum caution and providing them with latest information,' he said, adding that their vessels have also been instructed to minimise the time in the Gulf. President Donald Trump said the US had 'obliterated' Iran's main nuclear sites in strikes over the weekend, joining an Israeli assault in an escalation of the conflict in the Middle East as Tehran vowed to defend itself. Iran's Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz, Iran's Press TV said on Sunday, after parliament was reported to have backed the measure. Iran has long used the threat of closing the Strait, through which around 20 per cent of global oil and gas demand flows, as a way to ward off Western pressure which is now at its peak following the US strikes. REUTERS
Borneo Post
13-05-2025
- Business
- Borneo Post
Sarawak poised to become regional hydrogen hub
(From left) Lee, Chieng, Endoh, and Protasova during the forum discussion at H2EF. – Photo by Aileen Yap KUCHING (May 13): Sarawak has all the right ingredients to become a regional hydrogen hub, with Bintulu Port poised to play a key role in exporting green hydrogen to international markets. Deloitte Partner Ryan Chieng said Sarawak's strategic location, abundant renewable energy, and proactive government support place it in a strong position to develop a full-fledged hydrogen ecosystem, comparable to the Hydrogen Valley in Amsterdam. 'Sarawak is very blessed with cheap hydropower, and we are also very blessed that we have a far-sighted government where all the ecosystems are already or going to be in place bit by bit,' he said during forum discussion at the Hydrogen Economy Forum (H2EF) 2025 here today. The H2EF 2025 logo. The forum discussion, titled 'Hydrogen in Transit: Challenges & Breakthroughs,' featured Chieng, Mitsui O.S.K. Lines, Ltd. Chief Country Representative Junto, Hexagon Purus Export Sales Director Yulia Protasova, and moderator as well as Curtin University Malaysia Interim Pro Vice-Chancellor, Professor Vincent Lee, Chieng also noted that Bintulu Port, currently a major gateway for liquefied natural gas (LNG) exports, could be leveraged and enhanced to support large-scale hydrogen logistics, positioning Sarawak as a critical node in the global green energy supply chain. Highlighting the importance of parallel development, Chieng noted that infrastructure, policy, and demand must grow in tandem for hydrogen adoption to succeed. 'We need to build the demand and the infrastructure side by side. Without one, the other can't take off,' he said, adding that Sarawak is already ahead of many jurisdictions in this regard. Lee pointed out that Sarawak's existing logistics and energy assets, including its hydropower plants, road networks, and port access, offer a clear pathway to becoming a full-fledged hydrogen economy. 'We have the key components, now it's about integration,' he remarked. As for Endoh, he acknowledged Japan's pioneering efforts in methanization but emphasised that Sarawak has a significant advantage in terms of cost competitiveness and cleaner energy. 'Maybe this answer should be replied to by Japanese trading houses, but from the shipping industry's perspective, we are eager to engage as both buyers and transporters of hydrogen. 'Japan has been exploring hydrogen production, but the reality is that Japan's energy costs are much higher due to reliance on imports and longer delivery distances. 'Sarawak, with its abundant hydropower and cleaner energy sources, has a real advantage,' he said. Endoh added that while Japan is a key player in hydrogen technology, Sarawak's energy resources could make it a more cost-effective and sustainable source of fuel in the long term. 'As a fuel buyer, we are keeping a close eye on Sarawak's developments,' he said. green hydrogen Hydrogen Economy Forum hydrogen hub Ryan Chieng
