Subscribe to RSS feedJapan’s big three beef up earnings forecasts
by
Liz McCarthy
—
last modified
Jul 30, 2010 01:25 PM
Boosted profits for Japan’s top three shipping lines in their first quarter of the 2010 financial year has prompted an upwards revision of full-year earnings forecasts.
K Line, Mitsui OSK Lines and NYK Line all reported improved financial results yesterday, and with 885 ships on the water between them, or 1% of the 80,000-strong global merchant fleet, their solid earnings forecasts could give a much needed...
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