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.

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.
03 Apr 2014
WASHINGTON – The U.S. Federal Maritime Commission yesterday unanimously voted to allow the G6 Alliance to expand into the Asia-U.S. West Coat and trans-Atlantic routes.
18 Mar 2014
Wallenius Wilhelmsen Logistics today was fined ¥3.5 billion (about US$34.6 million) by the Japanese Fair Trade Commission for participating in a cartel...
Port of Shanghai
12 Mar 2014
Carriers’ schedule reliability from Shanghai to Oakland, Calif., showed the greatest variation in eastbound Asia-to-Southern California route performances...
05 Mar 2014
Michael DiVirgilio, senior vice president, development, of Ceres Terminals, is set to retire on April 1 after several years at the terminal operator.
Standing: Peter Leach, JOC. Seated, left to right: William Payne, NYK Line; Mike White, Maersk Line; Wolfgang Freese, Hapag-Lloyd; Gene Seroka, APL; Howard Finkel, Cosco North America.
03 Mar 2014
Vessel capacity is exaggerated but container ship lines continue to struggle to raise rates to cover costs and meet service demands, carrier executives told the JOC’s 14th annual TPM conference.
20 Feb 2014
The six members of the G6 – Hapag-Lloyd, NYK Line, OOCL, Hyundai Merchant Marine, APL and Mitsui O.S.K. Lines – today released details on the port rotations...
NYK Line vessel
03 Feb 2014
Japanese carriers NYK Line, MOL and “K” Line posted combined losses of more than 14.5 billion Japanese yen (about US$144.4 million) in the first three quarters of fiscal year 2013...
Container ship
31 Jan 2014
Container ships arrived at their destination ports across the globe on time 73.7 percent of the time in December 2013...
29 Jan 2014
Member carriers in the Transpacific Stabilization Agreement plan to increase Asia-U.S. rates by $300 per FEU, effective March 15...
Port of Hong Kong
28 Jan 2014
Jefferies expects Asian container lines’ earnings for the fourth quarter of 2013 overall will be in line with or below Bloomberg consensus estimates, as freight rates in Asia-related trade lanes continued to slide and overcapacity remained.
15 Jan 2014
The U.S. Federal Maritime Commission today requested more information from the G6 Alliance of ocean carriers on their plans to share vessel space and cooperate more closely on trade routes between Asia and the U.S. West Coast and between Europe and the U.S. East Coast.