Japanese shipping majors in freefall – Splash 247

More trouble on the sea.  This article came to me through logo  The Loadstar, which is a good aggregator of stories on mergers, acquisitions, divestitures, and general financial information on the major ocean carriers.

screenshot-splash247-com-2017-01-31-08-03-44On a dire day for Japan’s big three shipping lines, Nippon Yusen Kaisha (NYK) revealed a record loss of just shy of $2bn for the first nine months, Mitsui OSK Lines (MOL) was forced once again to revise downwards its full-year forecast and Kawasaki Kisen Kaisha (K Line) notched up a poor $468m loss for […]

Source: Japanese shipping majors in freefall – Splash 247

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