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NYK Line reported sharply higher first-quarter revenue and profit and raised its full-year forecast as stronger dry bulk and energy markets offset weaker earnings in container shipping, automotive transportation and logistics.
For the three months ended June 30, revenue increased 21.1 percent year over year to ¥727.7 billion, or about US$4.55 billion. Operating profit rose 69.8 percent to ¥57.7 billion, or US$361 million, while profit attributable to shareholders climbed 33.5 percent ...
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The market outlook for multipurpose (MPV) and heavy-lift shipping strengthened sharply in the third quarter, with One World Shipbroker’s latest Market Sentiment Index (MSI) climbing to 54.7, its highest level since the post-pandemic container shipping boom of 2022.
The quarterly survey led by Justin Archard, attributes ...
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Mitsui O.S.K. Lines (MOL) has sharply raised its earnings outlook for fiscal 2026, citing stronger-than-expected market conditions in its dry bulk, energy and chemical logistics businesses, along with improved performance at Ocean Network Express (ONE).
For the fiscal year ending March 31, 2027, MOL now expects ...
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Matson says it has reduced Scope 1 greenhouse gas emissions from its owned fleet by 25 percent since its 2016 baseline while continuing a US$1 billion investment in a new generation of LNG-ready containerships.
The carrier's 2025 Sustainability Report shows Scope 1 emissions from owned vessels ...
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Matson reported sharply higher second-quarter earnings and raised its full-year outlook as stronger China service demand and freight rates more than offset softer volumes in Hawaii and Alaska.
Net income rose to US$129.4 million from US$94.7 million a year earlier. Revenue increased 16.7 percent to US$969.4 ...
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Kawasaki Kisen Kaisha (K Line) reported higher first-quarter revenue and ordinary income as strong dry bulk and energy shipping markets offset weaker profitability in its product logistics business, where longer voyages, higher fuel costs and softer earnings from Ocean Network Express (ONE) weighed on results.
For ...
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Port Freeport and the U.S. Army Corps of Engineers have completed another major phase of the Freeport Harbor Channel Improvement Project, expanding vessel access and navigation capability at one of the nation's busiest energy and industrial ports.
Officials marked the milestone during a July 28 ribbon-cutting ...
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Dirty tanker exports from Russian ports in the Black Sea and Sea of Azov fell 62 percent during the last two weeks of July, highlighting the growing impact of Ukraine's maritime drone campaign on regional oil exports.
According to BIMCO, loadings averaged 0.98 million barrels per ...
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Mitsui O.S.K. Lines (MOL), Hitachi Ltd. and Japan Airlines (JAL) will conduct Japan's first pilot project using Direct Ocean Capture (DOC) technology, testing a process that removes dissolved carbon dioxide directly from seawater with the goal of supporting future low-carbon fuel production.
The companies signed a ...
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GEODIS maintained stable profitability during the first half of 2026 despite mixed freight market conditions, as strength in international forwarding offset weaker road transport demand across Europe and the U.S.
The global logistics provider reported first-half revenue of €5.3 billion, down 1.4 percent at constant scope ...
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