Nippon Yusen KK, Japan’s largest shipping company by sales, will book a record one-time loss for its shipping and air-cargo divisions as freight rates remain depressed amid global overcapacity.
October 7, 2016Business, Logistics
Nippon Yusen to Book $1.9 Billion One-Time Loss on Shipping Woes
Business, Logistics
Hapag-Lloyd, Five Asian Liners Form New Shipping Alliance
Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.
May 13, 2016