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Announced in October 2025, Japan Post’s near-20% stake in Logisteed* has yet to yield dividends, but things seem to be moving – right, not exactly at the speed of light, yet there are developments on that front. Luckily. (*Previously known as Hitachi Transport System) In fact It was earlier this month on 8 May when Japan Post (JP) – the parent company of 3PL Toll Group from Australia – and Tokyo-based Logisteed (which is controlled by PE behemoth KKR) announced that the two companies: “Have ...

Chinese President Xi Jinping is set to arrive in North Korea on Monday after hosting back-to-back summits with US President Donald Trump and Russia's Vladimir Putin last month. China, Washington's chief geopolitical rival, has been North Korea's main trading partner by far for decades and a key source of diplomatic and economic support for the country of around 26 million people. Xi's visit comes as North Korea's nuclear talks with Washington remain deadlocked. The White House said last month that Xi and Trump "confirmed their shared goal to denuclearize North Korea" during their summit in Beijing. Chinese foreign ministry spokeswoman Mao Ning said on Friday the two leaders would "exchange views on bilateral relations and issues of common concern", and "make greater contributions to regional and even world peace". However, leader Kim Jong Un's powerful sister said just a day before Xi's arrival that North Korea's nuclear weapons program was "the line of no retreat". China has "always prioritized stability and is currently having to manage its relations and differences with the US", Minseon Ku, a diplomacy professor at DePaul University, told AFP. "Beijing probably has accepted North Korea as a nuclear state," but Xi "will probably tell Kim that China wants stability more than anything". Seong-Hyon Lee, a visiting scholar at the Harvard University Asia Center, also said Beijing is shifting towards "underwriting regime durability" rather than seeking to coerce North Korea into denuclearisation. "China's broader regional strategy benefits from a stable, heavily armed, and aligned buffer state that absorbs US and allied military bandwidth," he told AFP. North Korea has repeatedly declared itself an "irreversible" nuclear state since Kim and Trump's 2019 summit collapsed over the scope of denuclearization and sanctions relief. Trump met Kim three times in his first term, but his comment in October that he was "100 percent" open to another meeting went unanswered. Kim has also been emboldened by the war in Ukraine, securing critical support from Moscow after sending thousands of troops to fight alongside Russian forces. Some analysts say the summit could be Xi's way of countering Russia's growing influence over North Korea, but DePaul's Ku stressed that "overall, Moscow is not a major power like China". "Moscow-Pyongyang power relations are more equal than Beijing-Pyongyang; Moscow needs Kim for their war in Ukraine as much as Kim needs technology sharing and food from Russia," she said. Xi last met Kim in September, when he invited the North Korean leader and Putin as guests of honor to a military parade in Beijing marking the 80th anniversary of the victory over imperial Japan in World War II. Analysts said that trip showed Kim's elevated status as he appeared alongside Xi and Putin at the spectacular military parade -- a striking display of his growing standing on the global stage. Xi has hosted a series of world leaders as an increasingly unpredictable United States under Trump has pushed many to shore up alliances with Beijing. Conflicts in the Middle East have also consumed more of Washington's attention, and Trump has made little progress on North Korea, especially on the nuclear front, despite his earlier high-profile summits with Kim. North Korea is also the only country with an official, binding military alliance with China. "America is currently engaged in offensive warfare potentially harmful to China's key interests, such as energy supplies," Vladimir Tikhonov, Korean Studies professor at the University of Oslo, told AFP. "It appears Xi is trying to consolidate the alliance" with North Korea partly for that reason, he said. Beijing claims self-ruled Taiwan as part of its territory, and North Korea could also serve as a useful counterweight to US partners in the region, including South Korea and Japan, analysts said. Long-frosty China-Japan ties have deteriorated since Prime Minister Sanae Takaichi, a security hawk, suggested last year that Tokyo might intervene militarily in any Chinese attempt to take Taiwan. "As China's international standing rises, Beijing is likely seeking to draw Pyongyang more actively into its diplomatic orbit," said Lim Eul-chul, a North Korea expert at Kyungnam University. Join us for an unforgettable evening of networking, aloha-inspired live music by SHEN and free flowing drinks and buffet at TWO ROOMS NIHOMBASHI. July 2 (Thurs), 7pm to 9:30pm. Click Here Join us for an unforgettable evening of networking, aloha-inspired live music by SHEN and free flowing drinks and buffet at TWO ROOMS NIHOMBASHI. July 2 (Thurs), 7pm to 9:30pm. Get your ticket now for a 50% Discount. Only 50 Early Bird Tickets Available. Maybe President Trump gave Xi a letter to pass on to his buddy Kim. What do Xi, Putin and Kim all have in common? They all seem to be more normal than Trump. That's a scary thought. I think the president of Belarus Lukachenko should be invited in this meeting. We are the QUAD of Euro-Asia continent and we are all nuclear armed. Belarus is the frontline facing NATO. Of course they are critical ! NK now experiencing record economic growth and trade flows with both China and Russia. KJU is on a roll, having Xi visit is another 'feather' in his cap, so NK, while not exactly ideal is at least heading in a good direction Surely KJU is now celebrating with Xi the fact that he's untouchable with his nuclear weapons umbrella, something Iran desperately wants as well, but unfortunately for Iran, Obama's no longer in office! North Korea is more important than russia apparently. Good, stronger together.. 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Japan’s MODEC and Eld Energy, a Norwegian fuel cell system company, are pooling resources to bring a 1.2 MW carbon capture power system to life to roll out zero-emission floating production, storage, and offloading (FPSO) units. MODEC and Eld Energy have signed a memorandum of understanding (MOU) to develop a 1.2 MW power system integrated with carbon capture for application on FPSOs. The 1.2 MW unit is targeted for onshore testing in 2029, followed by long-term demonstration. While the Norwegian firm will lead the design, procurement, and construction of the power system based on solid oxide fuel cells (SOFCs), including requisite testing and validation, the Japanese giant will develop the carbon capture facility and system integration for FPSOs. The MOU was signed in Tokyo during the official visit to Japan by His Royal Highness Crown Prince Haakon of Norway in the presence of Norway’s Minister of Trade and Industry. Eld Energy and MODEC havecollaboratedsince 2025 on SOFC systems for offshore use, progressively scaling from 40 kW to120 kWSOFC plus carbon capture pilot. The new phase aims to demonstrate scalability and integrated carbon management for offshore power. This content is available after accepting the cookies. MODEC lays the groundwork for zero carbon FPSOs with partnership set on low-carbon offshore power solution MODEC highlighted:“SOFCs convert chemical energy directly to electricity at high temperature and can accept multiple fuels, and when combined with carbon capture system they offer a practical pathway to deep decarbonization of FPSO power without compromising uptime. “Going forward, MODEC will continue to contribute to a stable energy supply while advancing practical emissions reduction solutions on FPSOs.” Take the spotlight and anchor your brand in the heart of the offshore world! Join us for a bigger impact and amplify your presence at the core hub of the offshore energy community!

The Arab Energy Fund (TAEF), a multilateral impact financial institution, has decided to expand its energy portfolio by investing in MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG). As part of its current equity capital raise, MidOcean Energy has secured a $120 million equity investment from The Arab Energy Fund, which further strengthens the firm’s high-quality investor base, underscoring continued strong interest in the company’s strategy to build a diversified, resilient, and long-life global LNG business. De la Rey Venter, CEO of MidOcean, remarked:“This investment supports our strategy of building a diversified LNG portfolio and positions us well to execute on our identified growth opportunities. We welcome TAEF with its more than 50 years of experience in energy investing and focus on energy security and sustainability.” EIG’s LNG player sees significant further momentum from additional investors currently in documentation; thus, it will continue to raise capital, with a cumulative target of up to $2 billion from new investors. MidOcean Energyopted to increaseits stake in an LNG project off the northwest coast of Western Australia (WA) a few months ago. This content is available after accepting the cookies. Japanese player to pour $500 million into EIG’s LNG business Khalid Al-Ruwaigh, CEO of The Arab Energy Fund, said:“Our investment in MidOcean Energy reflects the Fund’s commitment to supporting strategic energy platforms that contribute to global energy security and a more sustainable energy mix. “LNG continues to play a critical role as a reliable and flexible energy source, and MidOcean’s disciplined approach and high-quality asset base align well with our long-term investment strategy. EIG is a great partner and we look forward to unlocking further value through collaboration across energy infrastructure, particularly in the Middle East.” With $25.9 billion in assets under management as of March 31, 2026, EIG, which specializes in private investments in energy and energy-related infrastructure globally, has committed $53.9 billion to the energy sector through 426 projects or companies in 44 countries across six continents. Blair Thomas, MidOcean Chairman and EIG CEO, commented:“We are delighted to welcome The Arab Energy Fund as a shareholder in MidOcean. Their significant expertise in energy investments is a strong validation of MidOcean’s strategy to build a leading global LNG business. “In parallel, EIG and TAEF are seeking collaboration opportunities across energy infrastructure in the Middle East, with the aim of further deepening our relationship.” The latest investment comes weeks after Tokyo-based Idemitsu Kosan decided topour $500 millioninto MidOcean Energy, followed by Shizuoka Gas, which announced its intention toinvest $100 millionin the LNG company soon after. Take the spotlight and anchor your brand in the heart of the offshore world! Join us for a bigger impact and amplify your presence at the core hub of the offshore energy community!

There was much warmth on display at the official leaders’ meeting between Australia and Japan on Monday. Australian Prime Minister Anthony Albanese gave his Japanese counterpart Senae Takaichi anAC/DC drum skinsigned by the band members, while receiving new vinyl records for his DJ collection. Both leaders famously love rock music. But there was also national business at stake. The pair signed ajoint declarationon economic security, outlining a broad agenda to align policies across trade, energy and critical minerals and new technologies such as quantum computing. It’s not all been smooth sailing. Japan has been vocal in speaking out against proposals for higher taxes on Australia’s gas exports, and over domestic climate policies. To overcome this turbulence, a long-term vision for the Australia-Japan energy relationship is needed in a decarbonising world. There are three distinct ways in which Japan and Australia’s interests are intertwined: how we tax companies that extract our resources, how we ensure energy security, and how we cooperate on climate change. In recent months, calls to raise taxes on Australia’s LNG exports havegrown louder. Anumber of proposalshave been made to secure a greater share of income from Australia’s domestic gas resources, including a “windfall tax” on gas exports. With limited energy reserves of its own, Japan has been amajor driverin the growth of Australia’s liquefied natural gas industry. And it has been blunt in its opposition to calls for new taxes. Japanese Ambassador Kazuhiro Suzuki said any imposition of a windfall tax would be regarded by Tokyo as a “bad surprise” that could deter future investment. Energy security is a second link between the two countries. Australia’s reserves ofoil and oil productsarelimited. In responding to the current crisis Australian leaders, including Prime Minister Albanese, have visitedseveral Asian nationsin an attempt to shore up our supplies. In contrast, Japan holds142 daysof oil and oil products in addition to private inventories. Japan could help Australia manage any risk of fuel shortages by providing supply commitments. But the role of energy security in the Australia-Japan relationship is more complicated than guaranteeing fuel supplies. Japanese officials haveexpressed concern, for example, about Australia’s incoming domestic gas reservation policy, whereby east coast LNG exporters will berequired to hold back20% of new production for the domestic market from 2027. Japan has also expressedconcernabout Australia’sSafeguard Mechanism, a carbon-pricing scheme that places caps on Australia’s greenhouse gas emitting facilities. The Albanese government has increased the stringency of theSafeguard Mechanismas a way to meet Australia’s climate commitments. Crucially, it covers existing and new gas production, linking Australia’s domestic emissions reduction policies with fossil fuel exports. Thereviewof the Safeguard Mechanism during 2026-27 is sure to draw renewed attention from Japan and elsewhere. Climate change is the third – and perhaps most important – issue linking Australia and Japan. Both countries have committed to achieving net zero emissions by 2050. But there’s uncertainty about the technology mix they will use to get there, including the residual role for gas. For bothAustraliaandJapan, rapid electrification of transport, heating and other sectors are key, alongside the shift to renewables and storage for power. Japan’s most recent medium-termenergy strategypositions gas as less environmentally damaging than coal as the country moves towards net zero emissions. Japan proposes gradually reducing greenhouse emissions from gas generation through the use of technologies such as mixing hydrogen with gas to generate electricity, and storing carbon dioxide underground, including in Australia. But there isscepticismwithin Japan about the costs and feasibility of this approach to decarbonisation. Japan and Australia’s joint declaration is a strong signal both governments want to deepen ties, including in critical minerals and energy. It is a welcome step forward. There is a large shared agenda between the two countries. Japan’sGreen Transformation, a suite of green industrial policies, and Australia’sFuture Made in Australiainitiative, overlap across green metals, hydrogen and ammonia, low-carbon liquid fuels, critical minerals, renewable technology manufacturing and other areas. So how to build on the opportunity from here? Australia’sClimate Change Authorityoffers a useful way forward, proposing bilateralDecarbonisation Dealsas a way of coordinating emissions reduction, trade, investment and industrial policy. Australia and Japan could develop a roadmap for a shared decarbonisation agenda through a bilateralenergy transition council, with industry as delivery partner, and informed by research. Australia and Japan’s joint agreement offers an opportunity to create a new energy partnership, based on our shared commitment to reaching net zero by mid-century, and our interests in open trade and investment.