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.
As automobile sales spread from China’s crowded east coast cities to the more-rural west, companies that move cars and spare parts by truck from factories to showrooms are expanding to meet the demand.
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 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.
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.