JAPAN's "K" Line will ease up on its
containership business in 2013 and expand into regional coastal shipping,
automotive and motorcycle land transport, logistics, and port management in
Thailand, the Philippines, Vietnam and Myanmar.
To navigate a squeezed containership sector it will
reinforce its efforts to reduce costs and create stable profits as it did in
2012 through rationalising capacity, said "K" Line president Jiro
Asakura in his New Year's address.
Japan's No 3 container line forecasts that the market
bottom is near for the dry bulk market with freight rates stabilising against
delivery of capsize bulk carriers at half the level of 2012, Mr Asakura added.
Source : HKSG.
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