by Niyati Shetty (Reuters) Japanese shipping firm Kawasaki Kisen Kaisha Ltd (K-Line) was convicted of criminal cartel conduct and ordered to pay a A$34.5 million ($23.50 million) fine by a federal court, Australia’s competition regulator said on Friday. K-Line’s fine is the largest ever criminal penalty imposed under the Competition and Consumer Act, according to the … [Read more...]
Japan Will Not Send Warships To Strait of Hormuz
by Tim Kelly (Reuters) - Japan will not send warships to join a U.S.-led maritime force to guard oil tankers in the Strait of Hormuz fearing a military response from Iran, but it may send patrol aircraft, said the Mainichi newspaper, citing unidentified government sources. But Japan may send warships independently to protect Japanese ships in the world’s most important oil … [Read more...]
Japanese, South Korean Trawlers Collide in Sea of Japan
TOKYO/SEOUL, Nov 15 (Reuters) - A South Korean trawler and a Japanese fishing boat collided in the Sea of Japan on Thursday about 330 km (205 miles) northeast of an island claimed by both countries, officials said. Part of the 48-tonne South Korean trawler was submerged after the collision, which occurred at 9:38 a.m. local time (0038 GMT), a South Korean Coast Guard … [Read more...]
Japan Takes South Korea to WTO Over Financial Support for Shipbuilders
By Tom Miles GENEVA, Nov 13 (Reuters) - Japan has launched a complaint at the World Trade Organization to contest what it says is illegal financial support given by South Korea to commercial shipbuilders, according to a WTO filing published on Tuesday. "The measures in question relate to the development, production, marketing, and/or sale or purchase of commercial vessels, … [Read more...]
U.S. Navy Conducts Biggest Ever Japan Defense War Game
By Tim Kelly (Reuters) - U.S. fighter jets darted over the Western Pacific on Saturday as the nuclear powered USS Ronald Reagan aircraft carrier joined Japanese destroyers and a Canadian warship for the biggest combat readiness war game ever staged in and around Japan. Japan and the United States have mobilized 57,000 sailors, marines and airmen for the biennial Keen Sword … [Read more...]