The figures, released Friday morning, showed revenue for the period up nearly 8% year-on-year to JPY 1.7 trillion.

“Marine cargo movement increased on the whole in the shipping industry, and although unit costs for fuel oil fell in association with the decrease in oil prices, the deep-rooted pressure on supply capacity remained, mainly in container and dry-bulker vessels,” NYK said.

NYK said it continued to work toward reducing fleet and operational expenses by rationalizing assignments and further enhancing the fleet.

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