| Kudo |
NYK Line's new president said Wednesday the carrier's decision to expand its containership fleet like the majority of its competitors was regrettable, and that the line must focus on a new strategy going forward.
'Much to our regret, we have had to acknowledge anew that once supply/demand balance is disrupted in this division, there is no limit to the fall in freight rates, thus forcing us into a huge deficit,' President Yasumi Kudo said.
Zim cancels ship order
