Articles by Aaron Sheldrick and Yuka Obayashi

Japan Electric Company Gets Local Approval to Restart Nuclear Reactor

Japan’s Tohoku Electric Power said on Wednesday it had received the green light from a local governor to restart one of its nuclear reactors, nearly a decade after it was damaged in the earthquake and tsunami that caused the Fukushima …

Oil, Gas Shippers Brace for Rise in Insurance Premiums After Saudi Ship Attacks

Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise in marine insurance premiums after recent attacks on Saudi oil tankers and pipeline facilities, industry sources said on Tuesday. On …

Kobe Steel CEO to Resign Over Data Fraud Scandal as Report Finds More Cases

Kobe Steel Ltd said on Tuesday its CEO will step down to take responsibility for a widespread data fraud scandal, although doubts remain over a corporate culture mired in malfeasance and the possibility of future fines. Japan’s third-largest steelmaker, which …

Update: Sunken Iranian Oil Tanker Causes Large Oil Slick in East China Sea

A stricken Iranian tanker that sank in the East China Sea on Sunday in the worst oil ship disaster in decades has produced a large oil slick, Chinese media and Japanese authorities said on Monday, as worries grew over damage …

Explosions Continue on Iranian Oil Tanker, Hampering Rescue Efforts

A stricken Iranian oil tanker continued exploding on Friday, hampering rescue efforts, Chinese state media reported, as Japan’s Coast Guard said the ship drifted away from the Chinese coast and into Japan’s exclusive economic zone (EEZ). The ship, which has …

Kobe Steel Supply Chain Scandal Spreads; 500 Customers Used Affected Products

The cheating crisis engulfing Kobe Steel Ltd just got bigger. Chief Executive Hiroya Kawasaki on Friday revealed that about 500 companies had received its falsely certified products, more than double its earlier count, confirming widespread wrongdoing at the steelmaker that …

Kobe Steel Admits Falsifying Data on Components Used by 200 Firms

Japan’s government sought on Tuesday to contain the fallout from the disclosure by the nation’s third-biggest steel maker, Kobe Steel Ltd, that it had fabricated data on components used in cars, aircraft and space rockets, sending shock waves through the …

7.4 Earthquake off Coast of Fukushima Jolts Japan; Tsunami Alert Lifted

A powerful earthquake rocked northern Japan early on Tuesday, briefly disrupting cooling functions at a nuclear plant and generating a small tsunami that hit the same Fukushima region devastated by a 2011 quake, tsunami and nuclear disaster. The magnitude 7.4 …