The merger of liner businesses of Japan’s big three shipping companies, Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kabushiki Kaisha (NYK Line), will have a far-reaching impact on NYK’s business, according to the company’s president Tadaaki Naito.“This liner integration will have far-reaching impacts, and I believe it is a major turning point for the group,” Naito noted while speaking on the occasion of the company’s 132nd anniversary.The new joint-venture company, announced in October last year, is planned to start operations in April of next year.As explained by Naito, the decision to integrate the liner business was made in order to achieve competitive strength by “securing critical mass in terms of operational scale and ensure the business survives.” “The new joint-venture company will utilize the best practices of the three companies and everything will be created from scratch, and this will require significant effort. For us, getting the new company off to a smooth start will initially be the most important issue. Following this, it is my expectation that the business will be able to achieve stable profits,” he added.Currently, NYK’s liner business accounts for almost 30% of sales, 19% of all employees, and 13% of operational ships group-wide.Through the integration, this huge division will be shifted outside the company as an affiliated company accounted for by the equity method, Naito said.As disclosed, once the integration is complete, it will be necessary for the remaining divisions to take over the functions that are currently performed by the liner business division, including fostering international personnel.Naito further stressed that the company would “aggressively work to increase sales.”“In response to this, we have reviewed the governance of the group companies operating around the world and have decided to shift to a new organizational framework from April 1 of next year. In addition, while the new joint-venture company will adopt the best practices from each line with the aim of increasing its competitive ability and overtaking the competition, the businesses that are peripheral to and affiliated with the liner business — such as domestic terminals and harbor transport within Japan, tugboat services, inland transportation, and ship management — need to further refine their capabilities and achieve even higher competitive strength in order to survive in the new era,” he noted.“In this way, through the liner business integration, the entire group will face a major turning point.”Moreover, due to the ongoing changes in the business environment, the company president said that as of next year, NYK will revise the group management structure from the ground up and shift to a structure that enables “the effective use of management assets throughout the group. “
“Manchester United are not quite sure what they’re doing with him so out of respect for them, it’s not for me to talk about that,” Parish told Sky Sports News. “I’m sure that if he can, he’ll try to be a permanent fixture at Manchester United this season. “It’s up to the manager, the players we sign. It’s not up to me. I’m there to help him get the squad he wants. “There’s a sentimental value and I loved Wilf as a kid and he did sensational things for us. “I know the fans would like him back and that will play a part, but in the end the manager will decide what we do.” Parish hopes to complete the signing of two players before Saturday’s Barclays Premier League opener against Arsenal at the Emirates Stadium. “We’re looking at a Premier League midfielder. It’s someone we’re interested in and if we can get the deal right we’ll try to do it,” Parish said. “Hopefully the other player will be here in the next couple of days and that shouldn’t be the end of it, although it will be as much as we can do before the Arsenal game.” Parish revealed that the row over bonuses – the squad have demanded a bigger sum this season – has been brought to a successful resolution. Zaha was sold to Manchester United for £15million in January 2013 but has failed to shine and his Old Trafford future is shrouded in doubt. Parish insists the 21-year-old winger would be welcome back in south-east London, but stresses the decision is up to Palace boss Tony Pulis – and United. Crystal Palace co-chairman Steve Parish has hinted that the Eagles are ready to take Wilfried Zaha back to Selhurst Park. Press Association
Virginia Lee (Reed) Stamm was born October 11, 1946 at Caldwell to Hugh and Betty (Claypole) Reed. Virginia died on Friday, June 7, 2013 at Haysville. She was 66 years old.Virginia enjoyed the outdoors, fishing, camping, flowers and spending time with her family.She was preceded in death by her grandparents, and her parents Hugh and Betty Reed and brother Billy Reed.Her survivors include three daughters; Tammy Longbrake of Goddard, Tina Stamm of Van Buren, Arkansas, Misty Buchanon of Wichita; one son Terry Stamm of Wellington; three brothers; Tom Reed of South Haven, Larry Reed of Anthony, Jim Reed of Arkansas City; two sisters Ruth Mark of Attica, and Mary Lou Mort of Arkansas City; seven grandsons, four granddaughters, and three great-grandsons.A graveside service will be held 10:00 a.m. Tuesday, June 11, 2013, at Goodel Cemetery, Drury.To share a memory or leave a condolence please visit www.schaeffermortuary.info Arrangements by Schaeffer Mortuary, 6 N. Main, Caldwell.