A source at the Tokyo-based shipping groupsays it also remains committed to taking a more active role in the management of sailingspeeds in an effort to cut fuel costs while pursuing deeper reductions in generaland administrative expenses.
“Ourstrategy is to downsize our fleet and to limit risk to a level commensuratewith corporate capacity, with the aim of becoming a dry bulk operating companywhich achieves a good balance between cargo and cargo space,” they added in anemail.
Thecompany
