Carriers

Another Japanese carrier plans to reduce fleet significantly before 2025

K Line's bottom line plunged into the red in the second quarter, and the company now lowers its full-year expectations due to coronavirus. Like MOL, the shipping company now plans to reduce its fleet significantly in the coming years, starting with a 20 ship reduction this year.
Photo: Port of Hamburg
Photo: Port of Hamburg
by DANIEL LOGAN

Japanese shipping company K Line struggles under the effects of the coronavirus pandemic.

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