Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.
Kritikos launched Ceres Terminals in 1958 and sold the company to NYK in 2002.
Japanese carrier tempers profitability news with financial concerns.
NYK Line, Japan’s largest shipping company had operating profit of $146.7 million, compared with a loss in the same period last year.
Japans NYK has ordered two new ships to respond to demand by shippers of wind turbine blades and other large equipment.
New CEO at Los Angeles container terminal treats trucking as a customer
Japanese shipping company NYK;s fiscal first quarter earnings are covered in this article.
Shipping conglomerate looking to find its focus as other shipping companies have already focused on core businesses.
New power given to the Federal Maritime Commission to scrutinize the effects of ocean carrier competition has been put on hold by the government shutdown.
