NYK Increases Brazil Exposure In Effort To Get Back In The Red

With the container shipping sector plagued by low rates on traditional routes due to crippling overcapacity, lines are turning to emerging markets to boost volumes. Having announced a US$150.3mn loss for the first six months of its April-March fiscal year, Japanese line NYK is expanding its operations in the high growth market of Brazil as part of its efforts to get back into the black.

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