The credit ratings agency Moody’s has downgraded the credit of "K" Line and is reviewing that of Mitsui O.S.K. Lines as two of Japan’s top three container lines struggle against unfavorable market conditions.
“K” Line is the world’s 15th-largest container shipping company and one of the largest Japanese transportation companies. It was established in 1919 and along with NYK Line and MOL is one of Japan's "Big Three" container lines.
“K” Line to Invest in Flag Ship for“DRIVE GREEN PROJECT” as a Next-Generation Environment-Friendly Project
“K” Line to Support Transportation of Emergency Relief Supplies to Typhoon-hard-hit Area in the Philippines by its Containerships.
“K” Line Continues to be Included in FTSE4Good Global Index and Dow Jones Sustainability Asia / Pacific Index
Yoichi Hasegawa, President of Taiyo Nippon Kisen Co., Ltd. receives Doctor Honoris Causa From Bulgarian Nikola Y. Vaptsarov Naval Academy
28 Apr 2016
Japan’s three largest container lines mostly reported dismal financial results for fiscal 2015 on Thursday.
29 Jan 2016
Japan’s three largest container lines significantly downgraded their earnings forecasts for the current fiscal year ending on March 31, with Mitsui O.S.K. Lines now expecting a sizable net loss of 175 billion yen ($1.45 billion).
04 Jan 2016
There will be no sustained recovery in the dry bulk or container shipping sectors this year amid overcapacity in the industry and slowing demand for raw materials from China, said "K" Line president and CEO Eizo Murakami.
16 Dec 2015
Five Asia-based container lines will expand a service in mid-February that connects to Australia, while another China-based line will also beef up its service to and from Oceania.
07 Oct 2015
Three former “K” Line and NYK executives have been indicted for alleged participation in a scheme to rig bids and fix prices for international shipments of roll-on, roll-off shipments to and from the United States.