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November 22, 2024
 

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CANAL

The Panama Canal is Panama’s biggest source of revenue, bringing in nearly $5 billion last year.
BUSINESS
Aug 28, 2024
Panama Canal eases limits that caused global shipping bottleneck
Last year’s El Nino caused a significant drop in rainfall and forced the canal to implement daily transit restrictions.
A liquefied natural gas shipment on the Suez Canal in Ismailia, Egypt
BUSINESS / Economy
May 16, 2024
Red Sea disruptions are splitting global LNG trade into regions
It’s been four months since an LNG tanker has passed through the strait separating the Arabian Peninsula and Africa.
The Monrovia NSU Challenger bulk carrier transits the expanded canal through the Cocoli Locks of the Panama Canal in April 2023.
ENVIRONMENT / Sustainability
Mar 22, 2024
'We all need water': Panama's canal, and people, thirst for more
A severe drought last year caused water levels in Gatun Lake, which provides drinking water and is the main reservoir for the canal, to fall.
Cargo ships wait in the anchor zone to cross the Panama Canal from the Pacific entrance near Panama City, Panama, on Sept. 1, 2023. Ships have been waiting for days as the congestion to cross from both sides increase due to intense droughts in the country.
WORLD / Society
Jan 3, 2024
Saving the Panama Canal will take years and cost billions, if it’s even possible
Climate change-induced drought is limiting the number of ships on the waterway, which handles about 46% of containers moving from Northeast Asia to the U.S. East Coast.
Recent attacks on vessels in the Red Sea by the Iran-aligned Houthi militant group have forced shipping companies to reroute around the Cape of Good Hope to avoid the Suez Canal.
BUSINESS / Companies
Dec 20, 2023
Companies rush to avert Red Sea attacks as shipping rates rise
They are exploring alternative routes to avoid the region where the Houthi militant group is actively targeting vessels.
A container ship is seen near the Panama Canal, in Panama City on Saturday.
BUSINESS
Dec 5, 2023
Panama canal jam sends ships sailing continents out of way
The canal is being squeezed shut by drought, and the bottleneck will only worsen in the coming months as Panama enters its annual dry season.
A worker supervises construction work on a wave breaker in the port of Salina Cruz, Oaxaca, Mexico, on Oct. 9, as part of expansion works on the Interoceanic Railway that connects the Pacific Ocean and the Gulf of Mexico.
BUSINESS
Nov 16, 2023
Mexico building rail rival as water shortages drain Panama Canal
By 2028, the Isthmus of Tehuantepec Interoceanic Corridor should see 300,000 cargo containers transit every year, with 1.4 million by 2033.
A bulk carrier at the Panama Canal on April 19
BUSINESS / Economy
Aug 22, 2023
Historic drought and hot seas slow Panama Canal shipping
Restrictions already are sending China-U.S. spot shipping prices up as much as 36% amid soaring sea temperatures.
A bulk carrier transits through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama, on April 19.
BUSINESS / Economy
Aug 11, 2023
Drought-hit Panama Canal lets more unbooked ships pass
Around 70% of canal traffic comes from or goes to the U.S., where retailers like Walmart, Amazon and Target prep for winter holiday sales.
Japan Times
BUSINESS
Jun 3, 2023
The Fed's fight against U.S. inflation faces a new challenge: A dry Panama Canal
A severe drought has caused water levels in Panama to drop far below normal, resulting in weight limits and rising surcharges for vessels traversing the canal.
Japan Times
WORLD
Feb 25, 2023
World's largest ice rink stays shut for first time due to mild Canadian winter
The 7.8 kilometer Rideau Canal Skateway, first opened over 50 years ago, is part of a UNESCO World Heritage Site in the Canadian capital that is a top attraction for skating enthusiasts.
Japan Times
BUSINESS / Companies
Jul 14, 2021
Suez ship’s Japan owner braces for ‘thousands’ of legal claims
The scale of future litigation was laid bare at a court hearing, where lawyers won an order to put potential claims on hold for two months.
Japan Times
WORLD
Jul 7, 2021
Ever Given container ship under way for departure from Suez Canal
The Suez Canal Authority had held the ship under court order as it pursued a compensation claim, creating a dispute with the ship's insurers and Japanese owner Shoei Kisen.
Japan Times
BUSINESS
Jun 23, 2021
Suez Canal and Ever Given ship owners reach deal on compensation
The two sides will finalize an agreement 'as soon as possible,” after which arrangements will be made to let the ship leave Egypt
Japan Times
BUSINESS
Apr 15, 2021
Egypt seizes Suez ship Ever Given pending $900 million payment
A spokesman for Japanese owner Shoei Kisen Kaisha declined to comment on compensation while discussions with the Suez Canal Authority are underway.
Japan Times
COMMENTARY / World
Apr 4, 2021
Was the Suez container ship crisis unforeseeable?
Last week, a massive container ship wedged itself between both banks of the Suez Canal in Egypt, completely blocking the waterway and affecting 10% of the world’s trade traffic. I could not keep silent about the matter, having been to the canal several times, as I spent two years beginning in 1979...
Japan Times
COMMENTARY / Japan
Mar 30, 2021
Stuck in the Suez, a warning to the world
The closure is not unprecedented. The Suez canal has been blocked five times: three times by accidents and twice because of regional politics.
Japan Times
BUSINESS / FOCUS
Mar 30, 2021
End of Suez snarl marks beginning of new stress on global trade
In its wake, the Ever Given leaves several weeks or months of disruptions across a world economy where the pandemic revealed both the sturdy backbone of global trade and an Achilles' heel.
Japan Times
BUSINESS / Economy
Mar 29, 2021
Suez ship partly refloated in first step toward reopening canal
There was no immediate clarity on the crucial question of when traffic in the canal will restart.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

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SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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