Latest news with #NipponYusenK.K.
09-05-2025
- Business
3 Major Japan Shipping Firms Expect Sharp Profit Falls
News from Japan Economy May 9, 2025 10:42 (JST) Tokyo, May 9 (Jiji Press)--Japan's three major shipping companies expect their consolidated net profits in fiscal 2025 to plunge around 50-70 pct from the previous year, projecting a drop in transportation of automobiles and other goods due to U.S. President Donald Trump's tariff measures. The three also expect that freight rates in the container shipping division, which has driven their earnings, will go down in the fiscal year ending in March 2026, reflecting an increase in new shipbuilding worldwide. Net profit is forecast to fall 47.7 pct to 250 billion yen at Nippon Yusen K.K., 60 pct to 170 billion yen at Mitsui O.S.K. Lines Ltd. and 67.3 pct to 100 billion yen at Kawasaki Kisen Kaisha Ltd., according to their earnings reports released by Thursday. Mitsui OSK Lines expects the impact of the U.S. tariff policy to push down its ordinary profit by 40 billion yen. "The container division and the auto division will be hit considerably" by the tariff measures, Mitsui OSK Lines President Takeshi Hashimoto said in an online press conference on April 30, adding that cargo movements from China to North America will likely decrease and that auto-carrying freighters are expected to see a drop in the number of cars they ship to the United States. [Copyright The Jiji Press, Ltd.] Jiji Press
Japan Times
21-02-2025
- Business
- Japan Times
Luxury cruise ship Asuka III to enter into service in July
A new Japanese luxury cruise ship, the Asuka III, will enter into service on July 20, its operator, NYK Cruises, said Thursday. The ship provides more luxurious cabins and services than the Asuka II, which is currently in service, and has improved facilities so that passengers can enjoy them in a wide range of ways, said the unit of Nippon Yusen K.K., a Japanese shipping service company. The Asuka III has 385 cabins across three classes, all equipped with a balcony. Butler services will be provided for the highest class. The ship has six restaurants and an open-air bath on the front deck. The ship will offer trips of three nights or more, including experience-based sightseeing tours during port calls. The Asuka III plans to visit Hakodate and Otaru, both in Hokkaido, in its first cruise departing from and arriving at Yokohama. It will also offer a trip to South Korea's Jeju Island in the future. "We would like to vigorously promote growth in Japan's cruise market," NYK Cruises President Hiroyuki Endo said.
