Toyota Motor Corp. and Nissan Motor Co.’s efforts to make up production lost after Japan’s March 11 earthquake will benefit local shipping lines suffering from lower rates for hauling commodities and containers.
Three years ago, China passed the U.S. as the world’s biggest car market. By 2015, it will likely exceed the U.S., Japan and Germany combined -- and that takes into account the current economic slowdown.
Japanese trading houses including Marubeni Corp. are expected to report record profits during the 2012 Japanese financial year because of strong prices for natural resources, Macquarie Group Ltd. said.
China Cosco Holdings Company Ltd., the country’s largest listed shipping company, fell to a nine- month low in Hong Kong after saying preliminary first-half loss widened more than 50 percent as a ship glut weakened rates.
Nippon Yusen K.K., Japan’s largest shipping line by sales, said it may beat the annual profit forecast at its container-carrying unit as rebounding demand allows the introduction of peak-season surcharges.