NYK Bulk Shipping Records Lower Profit
Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) said that its bulk Shipping division recorded lower profit than previous year.In the first quarter of the fiscal year ending March 31, 2020 (April 1, 2019, to June 30, 2019), its revenues from the bulk shipping amounted to 195.1 billion yen registering -11.3 decrease compared to the same period last year. The profit is down by -1.2 at 9.2 billion yen"Energy and Car transport is robust but lower dry bulk market due to production stoppage in Brazil and Western Australia," it said.However, its container liner profitability improved by ONEās increasing Liftings/Utilizationā¦
Shanghai NYK-ANJI Logistics Begins Operations
Shanghai NYK-ANJI Logistics - a joint venture operated by Nippon Yusen Kabushiki Kaisha (NYK), Yusen Logistics and ANJI Automotive Logistics (ANJI) - has begun service under a new name.NYK and Yusen Logistics will use this collaboration to begin efforts to expand their supply chain logistics, particularly in the areas of auto parts logistics and finished car logistics.Until recently, the company had been known as NYKANJI Car Transportation Co. Ltd., a joint venture founded in 2004 by ANJI (51%) and NYK (49%).Over the past decade, NYKANJI Car Transportation Co. Ltd. had offered land transportation for finished cars in China, especially for the Shanghai Automotive Industry Corporation (Group)ā¦
Neptune Lines Appoints Agent in Arabian Gulf
Maritime and logistics service provider Inchcape Shipping Services (ISS) has been appointed agent for Neptune Linesā new Arabian Gulf short sea car transportation service in Kuwait, Iraq and Qatar. As agents for Neptune Lines in these three countries, ISS will provide full port agency, vessel husbandry and liner services, as well as vehicle documentation, on the new Arabian Gulf short sea service. The vessel Neptune Ploes, which can accommodate up to 750 units at a time, is connecting eight countries and ports across the Arabian Gulf on its newā¦
ISS Wins EUKOR Global Service Award
Inchcape Shipping Services (ISS), a maritime services provider, has received a global award for best agency from EUKOR, a shipping company specializing in car transportation and other rolling cargo. The award for āBest in Vessel Operationā to ISS Philadelphia followed a full supplier evaluation and was awarded for its quality of port captain service, operations, logistics and outstanding contribution to EUKOR. ISS provides agency services for EUKOR across the U.S. Gulf, East Coast and Canada. For the U.S.
Hual Takes Delivery Of Carolita And Transporter
Hual AS, one of the largest operators within international car transportation, has accepted delivery of the second and third ships in a series of six; the first, Hual Trader was sent by Daewoo Heavy Industries this past December. The second and third ships, Hual Carolita and Hual Transporter, were delivered by Tsuneishi Shipbuilding, Japan; and Gdynia Shipyard, Poland, respectively, last May. Boasting almost identical specifications, the series of 21,400-dwt ships features a length of 656 ft. (200m), and a speed of about 20 knots. Each of the vessels include room for 6,200 standard sized cars or a mix of lorries, cars and construction machinery.
