Cargo Carriers Continue to Make Cutbacks
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.
