Nippon Yusen to Book $1.9 Billion One-Time Loss on Shipping Woes

  • One-time loss is for container, bulk, air-cargo divisions
  • Charge to reflect drop in value of assets; may revise dividend

Nippon Yusen KK, Japan’s largest shipping company by sales, will book a record one-time loss for its shipping and air-cargo divisions as freight rates remain depressed amid global overcapacity.

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