NYK Line

NYK Line

NYK Line, or Nippon Yusen Kaisha, is headquartered in Tokyo, Japan. The company offers services from global logistics to bulk shipping. NYK Line was founded in 1870 as Tsukumo Shokai Shipping and is the world’s 12th-largest shipping line.

NYK Line currently operates more than 800 vessels including container ships, woodchip carriers, car carriers, LNG carriers and reefer carriers. Its container ship fleet comprises more than 150 vessels, both owned and chartered, with a total capacity of more than 450,000 TEUs (20-foot-equivalent units). The company has 240 offices in 27 countries.

NYK Line posted revenues of US$20.17 billion in 2013 — down 8.3 percent on a year-on-year basis. The company recorded a net profit of $200.9 million, up from the previous year’s net loss of $404.4 million.

NYK Line was the 12th-ranked container carrier in U.S containerized import trade in 2013, with volume of 716,175 TEUs, up 3.1 percent year-over-year, giving it market share of 4.0 percent. It was No. 10 in U.S. containerized export trade in 2013, with volume of 453,648 TEUs, up 4.9 percent year-over-year and market share of 3.6 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

02 Sep 2015
NYK Line is looking to profit off India’s booming auto industry with the addition of a new roll-on, roll-off terminal in Pipavav in the state of Gujarat on the country’s northwest coast.
31 Jul 2015
Japan’s three largest container lines saw their net profits surge in the first quarter of fiscal 2015, buoyed by brisk container traffic volume from Asia to the United States as well as a weaker yen and lower fuel prices.
20 Jun 2015
Japanese carrier NYK said it expects a weaker yen, low fuel costs and cost-cutting to provide it with higher container shipping profit despite low rates this year.
31 Jan 2015
Japan's three major diversified ocean carriers -- Mitsui O.S.K., NYK Line and “K” Line” -- posted profits for t
02 Jan 2015
NYK joined "K" Line and CSAV in pleading guilty to U.S. price-fixing charges over the past year related to roll-on, roll-off shipping services.
Maersk container ship in Rotterdam
31 Dec 2014
Ocean carriers face an uphill struggle to push through planned general rate increases on the Far East-north Europe trade in January amid deteriorating economic conditions at both ends of the world’s biggest liner route.
27 Dec 2014
NYK Line has teamed up with Gujarat Pipavav Port, an APM Terminals facility on India’s west coast, to build and operate a new dedicated automobile logistics terminal at the Pipavav port complex.
19 Dec 2014
Indonesia’s largest port operator Pelabuhan Indonesia II (IPC) will partner with PSA International, Japanese investment company Mitsui & Co. and NYK Line to construct and operate a container terminal at Jakarta’s Tanjung Priok port.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
11 Dec 2014
Hapag-Lloyd is conferring with its partners in the G6 Alliance on plans to order larger container ships in the next year, but even as it does so the need for bigger ships may be changing because of the recent drop in bunker fuel prices.
03 Dec 2014
Citing congestion, the G6 Alliance will omit eastbound calls at the Port of Los Angeles for four straight weeks, starting Jan. 1
21 Nov 2014
Five carriers today joined Mediterranean Shipping Co. in announcing congestion surcharges on cargo heading from Asia to U.S. West Coast ports.