The following three articles are in the Journal of Commerce. Click on the headlines to read the full articles.
NYK Loses $150 Million in ‘Increasingly Severe’ First Half
NYK said weak rates and a strong yen contributed to a $150.3 million loss for the first six months of its April-March fiscal year, and the diversified Japanese carrier said it expects a full-year loss of $225 million.‘K’ Line Loses $242.7 Million in ‘Adverse’ Market
Japanese carrier “K” Line reported a loss of $242.7 million in its fiscal first half, primarily because of container shipping losses in an “adverse” business environment.MOL Loses $214.8 Million in First Half
MOL said container shipping losses contributed to a loss of $214.8 million for the six months ended Sept. 30, and the Japanese carrier expects to finish fiscal year in the red despite efforts to trim costs.