NS United

Japanese shipowner and operator NS United reported a net profit of $56 million in Q1 2021. According to NS United, the post-coronavirus recession had shifted to recovery beyond NS United’s primary expectations of shipping demand. Japanese shipowner and operator NS United’s fleet has benefited from the boom in grain transportation. Furthermore, NS United benefited from the depreciation of the Japanese yen. NS United reported an operating profit of $62 million in 2020. NS United’s dividend forecast has also been increased to $0.74 per share for 2021. NS United canceled an expensive time charter contract early at a substantial cost. The Tokyo-listed shipowner and operator NS United announced the company would pay a cancellation fee of $25 million to redeliver the bulk carrier in April. Currently, NS United owns and operates a mixed fleet of 69 vessels. 21-April-2021

 

Japanese shipowner and operator NS United sold 2008 built capesize bulk carrier 207K DWT MV Shin-Ei for around $19 million to Qingdao-based shipowner and operator Seacon Shipping. 207K DWT MV Shin-Ei is not the only capesize bulk carrier that Japanese shipowner and operator NS United has put on the sales block. NS United is also trying to sell 2007 built capesize bulk carrier 230K DWT MV NSS Honesty. Japanese shipowner and operator NS United is selling MV Shin-Ei and MV NSS Honesty, as both capesize bulk carriers have come off a long-term charter contract with Nippon Steel Shipping (NSS). Tokyo-headquartered Nippon Steel Shipping (NSS) operated MV Shin-Ei and MV NSS Honesty on the iron ore trade between Australia-Japan for the parent company Nippon Steel. 20-October-2020

 

Japanese shipowner and operator NS United has been endeavoring to invest in LNG-fuelled bulk carriers. Nippon Steel’s shipping arm NS United also seeks to invest in LNG bunkering facilities in Japan. NS United prognosticates slowdown in iron ore and coal shipping businesses from 2030. NS United was developed by the consolidation of Nippon Steel Shipping and Shinwa Kaiun. NS United’s sister company NS United Naiko serves inland transportation in Japan. 1-June-2020

 

Japanese shipowner and operator NS United is planning to report impairments due to the post-coronavirus recession. NS United warned investors for falling profit during the coronavirus pandemic. NS United anticipates that the dry bulk market will remain calm until Q4 2020. NS United forecasts total revenue of $1.3 billion for the year 2020. Japanese shipowner and operator NS United urged the investors that the actual results of operating performance could be substantially different from this estimate, depending on numerous factors. In 2019, NS United announced the company was consolidating its tanker and gas carriers operations with some of its bulk carrier companies. However, capesize, tramp, and short-sea operations remain separate. NS United forecasts a net profit of $2.3 million for the year 2020. Currently, Japanese shipowner and operator NS United owns and operates a mixed fleet of 75 vessels. 20-April-2020

 

Tokyo-listed Japanese shipowner NS United Naiko Kaiun Kaisha revealed LNG-fuelled capesize bulk carrier which was designed with Imabari Shipbuilding for emissions-cutting bulk carriers. Japanese shipowner NS United Naiko Kaiun Kaisha aims to reduce its carbon footprint. NS United Naiko Kaiun Kaisha has teamed up with Japanese shipyard group Imabari Shipbuilding to win approval in principle from class society ClassNK. Japanese shipowner NS United Naiko Kaiun Kaisha aims to demonstrate even greater consideration for the environment and meet the new regulations by developing an LNG-fuelled bulk carrier that places a smaller burden on the environment. 201K DWT LNG-fuelled capesize bulk carrier features a dual-tank set-up at the stern and using Type C LNG tanks. LNG-fuelled capesize bulk carrier is installed a low-pressure dual-fuel engine for the main propulsion which can use boil-off gas. LNG-fuelled ship design reduces the burden on the environment and lowers ship running costs. According to Japanese shipowner NS United Naiko Kaiun Kaisha, LNG-fuelled capesize bulk carrier design will produce 30% fewer emissions than required under the IMO’s (International Maritime Organization’s) Energy Efficiency Design Index (EEDI) Phase 3 regime. Furthermore, in South Korea, Hyundai Heavy Industries has four (4) LNG-fuelled capesize bulk carriers on order for H-Line. H-Line has contracted four (4) LNG-fuelled capesize bulk carriers against charters to steelmaker POSCO, South Korea. 28-December-2019

 

Japanese shipowner and operator NS United has elected to merge its tanker, gas carriers, and some of the company’s bulk carriers operations. NS United aimed to strengthen its energy services. Tokyo-listed NS United Kaiun Kaisha Ltd’s two bulk carrier teams handling domestic and general services will be merged with its oil and gas team. NS United’s capesize, tramp, and short-sea operations remain separate. NS United reported a net profit of $83 million for the year ended 31 March 2019. Currently, United Kaiun Kaisha Ltd owns and operates a mixed fleet of 69 vessels. 26-April-2019

 

Japanese giant ship owner NS United is selling its oldest ore carrier 1999 built 229K DWT MV Confidence 1 for demolition for around $12 million. Japanese giant ship owner NS United has a fleet of 27 capesize or larger dry bulk carriers on average 5 years old. Furthermore, NS United has 2 ore carriers 250K DWT order at Namura Shipbuilding for delivery in 2019 and 3 valemax new-buildings under construction at Japan Marine United for delivery till  2020. Japanese giant ship owner NS United was formed in 2010 through a merger of Nippon Steel Shipping and Shinwa Kaiun. Dry bulk carrier demolition numbers fell sharply in 2018 as rates continued to rebound from record lows seen in 2016. 3-February-2019

 

Japanese shipowner NS United sold 2002 built capesize dry bulk carrier 184K DWT M/V NSS Endeavour for around $13 million for further trading Hong Kong-based shipowners. 24-July-2017

 

Japanese giant dry bulk owner NS United applied stock split to fit in with new stock exchange policy at Tokyo Stock Exchange and shareholders will receive 1 share for every 10 they hold. Japanese Stock Exchange companies are encouraged to set common shares units at 100 shares, from 1,000 previously. 30-March-2017