Stay-at-home demand induced by the pandemic spurred the surge in container ship traffic, with transport between Asia and North America in particular high demand. That demand has led to congestion at North American ports and the limited transport capacity has fueled higher market rates for containers. The volume of U. The Shanghai Containerized Freight Index, the benchmark for container shipping rates, stood at The weak yen is also lifting Kawasaki Kisen's profit.
The company assumed a Because sales are mostly booked in dollar-denominated terms, a further depreciation of the yen will boost pretax earnings. On the other hand, earnings from its automobile carrier operation dropped further than anticipated due to production cuts among automakers. The effects of higher fuel costs on earnings appears to be limited, since Kawasaki Kisen has added surcharges to most of its vessels in operation.
Analysts believe the company is all but guaranteed to upgrade its earnings forecast for the second half. Top Message. Corporate Profile. Office Location. Global Network. Dry Bulk Carriers. Liquefied Gas New Business.
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