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.
Carriers to exit Oceania trades
A combination of intense competition, modest cargo volumes, massive over-tonnaging and falling freight rates is resulting in a number of operators questioning their presence in the trades linking Asia with Australia and New Zealand. Reportedly, both Seoul-based Hanjin Shipping Company and Tokyoheadquartered NYK Line are to terminate their services.
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