Shares in NYK Line have reached their highest level since the shipping boom of 2007 and 2008 as investors react to the strong containership and bulker markets.
Its shares closed on Tuesday at ¥8,370 ($76.35) each, while Mitsui OSK Lines’ reached ¥7,450 and those of K Line, at ¥5,160, are also at 13-year highs.
NYK Line has the largest exposure to the containership market via its 38% stake in Ocean Network Express (ONE), while MOL and K Line each own shareholdings of 31%.
