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Japan’s NYK Line Warns of $1.9 Billion Hit on Shipping Slump

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 write down the value of container ships and other assets. The shock writedown is the latest symptom of […] The post Japan’s NYK Line Warns of $1.
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