Business, Logistics

Nippon Yusen to Book $1.9 Billion One-Time Loss on Shipping Woes

Nippon Yusen KK, Japan’s largest shipping company by sales, will book a record one-time loss for its shipping and air-cargo divisions as freight rates remain depressed amid global overcapacity.

Chris Cooper | Bloomberg News
October 7, 2016
Business, Logistics

Hapag-Lloyd, Five Asian Liners Form New Shipping Alliance

Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.

Kiyotaka Matsuda | Bloomberg News
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Chris Cooper | Bloomberg News
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Kyunghee Park | Bloomberg News
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Nicholas Brautlecht | Bloomberg News
May 13, 2016