NYK reports a net income of JPY 10.2bn ($99.8m) for the quarter to the end of June up from JPY 8.6bn for the same period of 2013.
Revenues showed healthy growth reaching JPY 582bn, a more than 10% increase on the first quarter of last year.
NYK, operating a fleet of 870 vessels of 64m dwt, however warned that the shipping industry environment “remained severe due to the continued slump in freight rates caused by an excess supply of vessels.”
Management
