NYK Line: Red Sea Crisis to Boost Bottom Line

Amidst third-quarter losses, Japanese shipping and logistics company NYK Line anticipates the Red Sea crisis giving lift to its bottom line in its fiscal fourth quarter.NYK Line reported a net loss of US$1.04 billion for its third quarter ending Dec. 31, down US$5.18 billion from the year-earlier quarter. Revenue fell US$1.76 billion to US$12.08 billion. Recurring profit declined US$1.15 billion to US$1.35 billion.Recurring profit for NYK Line’s liner business dropped ... [+]

NYK Line Launches New Service from Port Everglades

NYK launched its new, monthly "Magellan Straits Express" South America RoRo service from Broward County’s Port Everglades on Nov. 7. The first vessel Rigel Leader, loaded at Port Everglades and is destined for the Port of Santos, Brazil. Horizon Terminal Services provides cargo handling at the South Florida seaport. Additional ... [+]

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