Day: May 1, 2012

Japan’s NYK Line Reports $903 Million FY Loss

May 1, 2012

NYK Line said declining revenue and rising costs produced a net loss of 72.8 billion yen ($903 million) for its 2011 fiscal year ended March 31, but the Japanese carrier forecasts a profit for FY2012. NYK’s liner shipping...

Maersk Gains From U.S. Military’s $11.5 Billion War Shipments

May 1, 2012

Maersk, owner of the world’s largest shipping line, has benefited the most from the U.S. military’s dependence on commercial lines. The company, based in Copenhagen, received almost half the military’s $1.82 billion in contracts...