NYK to scrap car carriers
NYK Line will likely scrap 20 car carriers to better align its capacity with slumping demand, an official with the carrier told Bloomberg last week.
Mikitoshi Kai, head of investor relations at the shipping line, told the news agency that NYK is forecasting a 38 percent drop in the number of cars it will transport this quarter, to 580,000 units. He said volume for the year will be down 20 percent to 30 percent compared to 2008.
According to the report, NYK had 113 car carriers at the end of March 2008 and had 39 more scheduled for delivery by 2011. The line already had plans to scrap 20 car carriers by March 2010 before this latest announcement.
NYK to scrap car carriers
