@Risk

NYK says it will further reduce the size of its container ship and car carrier fleets, while it directs attention and focus to its non-asset-based business “for the time being,” according to a report today at The Journal of Commerce.

The company has already made significant reductions. Last year, for instance, the company cut its container fleet from 115 ships of 410,000 20-foot units (TEUs) to about 90 ships with a capacity of 360,000 TEUs. Likewise, its car carrier fleet has been reduced from 130 vessels to approximately 9o.

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U.S. retail container volume is expected to see three straight months of gains in early 2010, ending more than two years (31 months, to be exact) of declines, according to the monthly Port Tracker report released last week by the National Retail Federation (NRF) and IHS Global Insight.

Port Tracker covers a variety of ports, including: Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston and Savannah on the East Coast; and Houston on the Gulf Coast. (more…)