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New Year’s resolutions

New YearÆs resolutions

Leaders for Japanese shipping companies NYK and MOL offered sober market assessments in New Year's addresses. NYK President Yasumi Kudo said his company would focus on building a more stable line of non- asset-based logistics business until freight rates recover for the asset-based side of the company. In a colorful address, MOL President Akimitsu Ashida said its container business should protect itself like a 'rai-cho,' a Japanese snow grouse that 'digs a hole in the snow to stay inside during winter.