The tank barge operator saw increased diesel revenues but fell flat on marine revenues and net earnings.
In segments described as liner or containership operations, NYK, MOL and “K” Line reported a combined loss of 77 billion yen (U.S. $691 million) for the fiscal year ending March 31, 2017, resulting from historically low freight rates.
United States gross domestic product increased just 0.7 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter and the slowest in three years, according to the “advance” estimate from the Department of Commerce.
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Twill, the new digital freight forwarding start-up, will officially be open to new customers from April 10, allowing users to instantly place bookings, manage documentation and track shipments.
Falling costs and the value of data are spurring renewed interest in physical asset tracking in container logistics.
Hudong-Zhonghua Shipbuilding (Group) CO., Ltd in China will construct the 38,000-dwt vessels, which will be delivered in 2020.