Shipping giant NYK Line raises profit forecast as it rakes in cash from Red Sea chaos

Japanese owner’s financial performance has also been boosted by stronger bulker and logistics markets

NYK Line said freight rate conditions had exceeded expectations.
NYK Line said freight rate conditions had exceeded expectations.Photo: Ocean Network Express
Published 23 July 2024, 07:10Updated 23 July 2024, 14:08
NYK LineRed Sea crisisOcean Network Express