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Nippon Steel snubs South Korean lawyers in wartime labour fight

Business Day 12 Nov 2018

Last month, South Korea’s top court ruled that Nippon Steel must pay four steel workers 100-million won ($87,700) each for their forced labour during the war, a decision Japan has denounced as “unthinkable.” ... “We are hoping the Nippon Steel & Sumitomo Metal will fulfil their obligation in accordance with the court’s decision,” she added....

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Global LNG prices rise on Japanese demand

Dawn 10 Nov 2018

Kansai could have purchased at least one cargo at $10 to $10.30 per mmBtu, while Tohoku may have received lowest offers for its cargo requirement in the range of $10.60 to $10.70 per mmBtu, they added. Japan’s Nippon Steel & Sumitomo Metal had been sounding out the market ......

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GLOBAL LNG-Asian prices reverse declining trend on Japanese demand

This is Money 09 Nov 2018

Kansai could have purchased at least one cargo at $10 to $10.30 per mmBtu, while Tohoku may have received lowest offers for its cargo requirement in the range of $10.60 to $10.70 per mmBtu, they added. Japan's Nippon Steel & Sumitomo Metal had been sounding out the market ......

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South Korea pushes back at Japan in forced labor row

Asahi News 07 Nov 2018

South Korea's top court ruled last month that Japan's Nippon Steel & Sumitomo Metal Corp ... "The Japanese government must be clearly aware that excessive political emphasis on the present case will be of no help to the future-oriented relationship between South Korea and Japan," the ministry added....

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South Korea warns Japan in row over wartime forced labour

This is Money 07 Nov 2018

South Korea's top court ruled last month that Japan's Nippon Steel & Sumitomo Metal Corp must compensate four South Koreans for their forced labour during the war, which Japan has denounced as "unthinkable." ... relationship between South Korea and Japan," the ministry added....

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South Korea pushes back at Japan in forced labour row

This is Money 07 Nov 2018

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Japanese firm to fix train system design flaw: TRA

Taipei Times 05 Nov 2018

The agency said that Nippon Sharyo, a subsidiary of Central Japan Railway Co, would start testing how to make the remote monitoring system connecting the ATP and the dispatch control center work ... However, it added that it does not yet know whether it will seek compensation from Nippon Sharyo, as the government is still reviewing the case ... ....

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Japanese travel firm to launch electric tour buses in Hawaii

Honolulu Star-Advertiser 03 Nov 2018

David Ige’s energy reduction goals ... In 2016 that number was just under 1.6 million ... JTB ... Ojiri said JTB’s launch is timed to capitalize on Kona’s post-eruption recovery effort, the added lift from low-cost carriers out of Osaka and All Nippon Airways’ new A380 service, which features planes that seat more than 500 passengers ... ....

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Ministry to probe procurement of trains

Taipei Times 02 Nov 2018

Nippon Sharyo was quoted in the reports as saying that this situation reflects problems with its internal quality control system, but added that it does not appear that the lack of connection between the train and control room was the direct cause of the derailment, as the driver did inform dispatchers that he had turned off the ATP system....

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Court ruling pits Seoul against Tokyo

Korea Times 31 Oct 2018

By Kim Yoo-chul ... "Kang and Kono also discussed ways to step up efforts in advancing forward-looking bilateral relations," the official added. The Supreme Court ordered Nippon Steel and Sumitomo Metal to pay 400 billion won ($350,000) in compensation to each of the victims of forced labor during the 1910-45 Japanese occupation ... ....

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Japan denounces S Korean ruling on forced labor

Taipei Times 30 Oct 2018

Yesterday’s ruling marks the final South Korean chapter in a 21-year legal battle against Nippon Steel & Sumitomo Metal ... Two South Koreans initially brought the case to a Japanese court in 1997 seeking damages and unpaid wages for forced labor at steel mills owned by a predecessor company of Nippon Steel....

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ArcelorMittal wins majority stake in Essar Steel buyout

The Hindu 26 Oct 2018

The committee of creditors of debt-laden Essar Steel India Ltd has chosen ArcelorMittal SA and Japan’s Nippon Steel & Sumitomo Metal Corp as the winning bidders for the asset, Nippon Steel said in a statement on Friday ... ArcelorMittal would own a majority stake, and Nippon Steel would own a nearly equal stake, he added....

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Essar Steel creditors' panel chooses ArcelorMittal's joint bid

Yahoo Daily News 26 Oct 2018

(Reuters) - The committee of creditors of debt-laden Essar Steel India Ltd has chosen ArcelorMittal SA and Japan's Nippon Steel & Sumitomo Metal Corp as the winning bidders for the asset, Nippon Steel said in a statement on Friday ... ArcelorMittal would own a majority stake, and Nippon Steel would own a nearly equal stake, he added....