NYK teams up with GCMD to address concerns of long-term biofuels use
NewsNYK Line and the Global Centre for Maritime Decarbonisation (GCMD) to study the long-term effects of continuous biofuel usage on vessel operations.
MOL’s liner division in the doldrums
Whereas Mitsui OSK Line’s (MOL) liner arm suffered further losses in the 2014/15 fiscal year ending 31 March 2015, both K Line and NYK Line posted better performances, principally on the back of lower bunker prices. Management at all three lines appeared nervous about prospects in 2015/16, singling out overcapacity and its pressure on freight rates as a major concern.
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