NYK, KEPCO Partner Up on LNG Carrier Ownership

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has reached an agreement with compatriot electric utility Kansai Electric Power (KEPCO) to jointly own a liquefied natural gas (LNG) carrier through a vessel-owner company.

Shipping Woes to Push NYK Line’s Loss to USD 1.9 Bn

Japan’s shipping major Nippon Yusen Kabushiki Kaisha (NYK Line) expects to see a record loss of JPY 195 billion (USD 1.9 billion) for its shipping and air-cargo businesses, according to data provided by the company.