NYK has seen full-year net profit collapse by almost 62% as the company was forced to make impairments on the value of its dry bulk fleet.
Net income at the Japanese shipowner was JPY 18.2bn ($167m) versus the JPY 47 achieved in the previous financial year.
Revenue for the twelve months was down 5.4% to JPY 2.4 trillion, while costs declined by a similar percentage to JPY 2.1
