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Japan's NYK Line Warns of $1.9 bln hit to Earnings

NYK Line may book losses as shipping slump slashes asset values. Nippon Yusen, Japan's biggest shipper by sales, warned it would book a $1.9 billion hit to first-half income, after the industry's deepening slump forced it to write down the value of container ships and other assets.
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By Naomi Tajitsu and Keith Wallis TOKYO/SINGAPORE, Oct 7 (Reuters) – Nippon Yusen, Japan’s biggest shipper by sales, warned it would book a $1.9 billion hit to first-half income, after the industry’s deepening slump forced it to wri...


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