Japan-based NYK Line plans to trim down its container vessels fleet by half in the next five years to pare down costs, according to a senior official of the international logistics and marine transportation company. He said: “The part of our container vessels fleet, which constitutes such long-term fixed assets, will be slimmed down to half the number of vessels and its total space capacity will be trimmed to two-thirds by 2015.”

From Emirates Business 24/7, January 7, 2010