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.
(Bloomberg) — Nippon Yusen K.K., Japan’s biggest shipping line, lowered its annual profit forecast and Mitsui O.S.K. Lines Ltd. predicted a loss as rates for carrying commodities slump amid a [...]
Japan's anti-trust regulator is likely to fine Nippon Yusen KK and three other shipping companies a total of around 22 billion yen ($210 million) for price-fixing of automobile shipping
Nippon Yusen K.K., Japan’s biggest shipping line, and eight other maritime-car transporters were accused in a lawsuit by a Florida-based shipping company of fixing prices on carrier services.
Japanese shipping line Nippon Yusen Kabushiki Kaisha(NYK) warned it would book an extraordinary loss of about $1.9 billion in the second quarter, forced by a deep slump in the shipping market to write down the value of container shi...