Nippon Yusen K.K., Japan’s largest shipping line, fell the most in 10 weeks in Tokyo trading after saying it will book a 13.5 billion yen ($129 million) charge for a fine from the Japan Fair Trade Commission.
Nippon Yusen K.K., Japan’s largest shipping line, said development of deep-sea Brazilian oil and Australian gas will boost drill-ship and shuttle-tanker demand, helping the energy business post its first annual profit.
Nippon Yusen K.K., the world’s largest publicly traded operator of liquefied petroleum gas ships, surged the most in more than four years in Tokyo after a record weekly advance in rates for carrying the cargo.
Saudis driving F-150 pickup trucks and Chinese coveting Jeep sport-utility vehicles mean more automobiles are filling up ships leaving U.S. ports, boosting revenue for vessel operators including Wilh. Wilhelmsen ASA.