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NYK Raises Outlook on Energy, Dry Bulk Lifts

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 ... [+]

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 ... [+]

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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