Word: yusen
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Shipping, Meanwhile the trade routes of the world were being altered. Canadian Pacific, Dollar and Nippon Yusen Kaisha Lines dropped Shanghai from their schedules. Passenger traffic to China had ceased almost entirely, although traffic to Japan suffered little. Marine underwriters discontinued (or raised to prohibitive heights) war risk insurance on all cargoes to be unloaded at Chinese ports. This promptly affected exports, for banks generally refused to advance credit on uninsured shipments. New York seamen contributed to the trouble by agitating for war risk pay when serving on ships in "endangered waters." The Dollar Line had one consolation: fat fees...
Within the next six months, Nippon Yusen Kaisha will have six big fast new freighters plying between Manhattan arid the Orient. At Havre, the French Line is busy prettifying the launched Normandie for her queenship of the seas next summer. But far the busiest shipyards in the world are the British. Next month Her Majesty Queen Mary will travel north to the Clyde there to launch a 73,000-ton monster which in 1936 will take away the Normandie's crown of size. And the name which Queen Mary will cry as she whangs the bottle, will not be Britannia...
...Fascist forge Benito Mussolini hammered three big Italian firms into the Italia Line, cocky owner of the new S. S. Rex and S. S. Conte di Savoia. Roosevelt-Dollar-Dawson interests combined to take over tottering U. S. Lines. Japan's two largest shipping companies, Nippon Yusen Kaisha (Japan Mail Steamship Co.) and Osaka Shosen Kaisha (Osaka Mercantile Steamship Co.) last year agreed to divide some of their far-flung traffic. Last week it was reported that officials of these two big lines were negotiating an actual consolidation...
...Nippon Yusen Kaisha is a big if not rich province in the business empire of the Iwasaki, Japan's No. 2 industrial family. Under the family trade name, Mitsubishi ("Three Diamonds," derived from their crest), they own steel works, shipbuilding plants, chemical, electrical equipment and airplane factories, banks, insurance companies, trading companies, urban real estate. As industrial pioneers they rank ahead of the omnipotent house of Mitsui, Japan's No. 1 family. But unlike the ancient house of Mitsui, the Iwasaki fortune dates only from Japan's first industrial stirrings 60 years ago. And unlike the Mitsui...
Japan's grappler was President Kenkichi Kagami of Nippon Yusen Kaisha, the Japanese Mail Steamship Co., largest, most luxurious operated by Asiatics. Bland, bespectacled, slightly plump, Mr. Kagami, an incessant smoker of U. S. cigarettes got his technical training in the Occident, sailed home to become an executive genius of Japan's No. 2 house of merchant princes, the Mitsubishi, which controls the N. Y. K. (No. 1 is the House of Mitsui...