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Japan: Shipping line profit spoiled by anti-trust ruling

 |  February 1, 2015

Japan’s second largest container shipping line, NYK, posted a 0.3 per cent year-on-year net profit increase, somewhat spoiled by an antitrust fine in the nine months ending December 31, to total US $268 million.

NYK found that the container shipping market conditions remained weak due to strong pressure of supply on the back of the completion and deployment of new ultra large box ships.

“On transpacific routes, thanks to a favourable US economy, demand capacity transitioned steadily, resulting in a comparatively favourable freight rate,” said the NYK statement.


Full Content: Sea Trade Global


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