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Article: Nippon Yusen ups container rates from Asia to N America.(Shipping)
- Article from:
- Manila Bulletin
- Article date:
- September 16, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nippon Yusen K.K., Japan’s largest shipping line, raised rates on container services to the US from Asia after slashing its supply of ships.The carrier reduced service on the routes by about 25 percent in the past year and is now filling about 90 percent of capacity on North America routes, Mikitoshi Kai, head of investor relations at the company, said in an interview in Tokyo. Nippon Yusen started boosting rates last month, he said.“We’ve been able to raise rates by a certain amount,” he said, declining to give detailed figures. “We currently have about the right amount of ships. Still, we need to increase rates by a lot more to make a ...