ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Japan's shippers see buoyant earnings despite trade slowdown

Cost cuts and lower capacity fuel first-quarter gains

The container shipping operation that is jointly owned by Japan's three largest maritime shippers has seen a recovery in earnings, (Photo courtesy of Ocean network Express).

TOKYO -- Japans's three largest maritime shipping companies are defying a slowdown in global trade, and are expected to report higher earnings due to a reduction in unprofitable routes and a temporarily lowering of capacity before stricter environmental regulations kick in next year.

Nippon Yusen, is expected to post a pretax profit of around 6 billion yen ($55.2 million) in the April-June quarter, while Kawasaki Kisen Kaisha appears to have earned between 2 billion and 4 billion yen in profit. This would be the first recovery to black ink by both for that quarter in two years.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more