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Nippon Yusen Kabushiki Kaisha (NYKA.BE)

28.38

-1.64

(-5.46%)

At close: April 3 at 8:13:47 AM GMT+2

Top Japanese shipping line fears US tariffs will slow cargo flows, president says

TOKYO (Reuters) -Nippon Yusen (NYK), Japan's largest shipping line, is concerned that U.S. President Donald Trump's tariffs could push up the cost of automobiles and daily goods, denting consumer demand and slowing cargo flows, its president said. Trump last week unveiled plans to impose a 25% tariff on automobile imports, a move expected to hit Japan's export-driven economy.

Reuters 2 days ago

9101.T
-4.18%
Japan, Korea would struggle to fill US demand for non-China shipbuilding, NYK Line exec says

U.S. allies Japan and South Korea would struggle to quickly ramp up shipbuilding to meet U.S. demand for alternatives under President Donald Trump's plan to impose port fees on China-linked ships, a top Japanese shipping executive said on Monday. The Trump administration is drafting an executive order in a bid to revive domestic shipbuilding and weaken China's grip on the industry. Japanese shipbuilding is running near full capacity, with little scope for expansion until 2028, while shipbuilders in South Korea, as well as in the U.S., face financial challenges, said Takaya Soga, CEO of Nippon Yusen (NYK), Japan's largest shipping line.

Reuters 10 days ago

9101.T
-4.18%
NYK and partners receive ClassNK’s AiP for ammonia fuelled bunkering vessel design

The Maritime and Port Authority of Singapore is scheduled to assess this design for additional evaluation.

Ship Technology last month

9101.T
-4.18%
NYK begins biofuel trial on Japanese coal carrier

Mitsubishi Corporation Energy facilitated the trial for Tohoku Electric Power by supplying biofuel in the Keihin area.

Ship Technology last month

9101.T
-4.18%
NYK secures AiP for subsea cable-laying vessel design

This vessel plays a crucial role in the development of a long-distance subsea direct current transmission network in Japan.

Ship Technology 3 months ago

9101.T
-4.18%

Performance Overview

Return	NYKA.BE	Nikkei 225 (^N225)
YTD	-129.71%	-14.80%
1-Year	-87.04%	-14.54%
3-Year	-99.96%	+22.55%