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.

Webcasts

Midyear Trucking Report: Is a Rally or Retreat Ahead?
Aug 25, 2016 2:00PM EDT
18 Jul 2016
NYK Line’s roll-on, roll-off cargo price-fixing woes continued Monday.
07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
23 May 2016
Though a recently formed container line alliance appeared to be hastily thrown together, it is planning an extensive and trouble-free integration of its fleet.
THE Alliance Mitsui O.S.K Lines, NYK Line, "K" Line, Hanjin Shipping , Hapag-Lloyd and Yang Ming Line
13 May 2016
The line up of the new alliance aimed at competing with the 2M and Ocean Alliance has been announced.
28 Apr 2016
Japan’s three largest container lines mostly reported dismal financial results for fiscal 2015 on Thursday.
31 Mar 2016
Container lines in the G6 Alliance have canceled additional sailings on Asia-Europe routes where demand has been slack and rates have plunged to rock-bottom levels.
16 Feb 2016
CMA CGM and Cosco are leading efforts to create a new vessel-sharing alliance that could include Evergreen Line and OOCL and would shake up three of the four major east-west carrier groupings, the Alphaliner newsletter reported.
16 Feb 2016
Fifteen leading ocean container carriers, including Maersk Line, Mediterranean Shipping Co. and CMA CGM, have offered to change their practices for setting freight rates to settle an antitrust probe, the European Commission said Tuesday
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).
13 Jan 2016
A class-action complaint filed with the U.S. Federal Maritime Commission seeks damages for alleged shipping act violations by 10 roll-on, roll-off carriers already entangled in criminal and civil price-fixing investigations.
04 Nov 2015
NYK Line hopes its diverse array of business lines will help the company overcome the plunge in rates caused by overcapacity hitting the industry and has no plans to back away from its mega-ship orders.
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.