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BUNKER COSTS HIT JAPANESE BIG THREE


proud_ionian

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THE three biggest Japanese shipping lines, NYK, MOL and K Line have all cut their full-year profit forecasts due to high fuel costs.

The biggest, NYK, is cutting its forecast 7.6%, MOL says its full-year figure will 6.7 down on earlier expectations and K Line has dropped it forecast by 13%.

NYK is looking at a full year net profit of US$ 717m, MOL US$944m and K Line US$540m.

MGN

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