3 Major Japan Shipping Firms Expect Sharp Profit Falls
Tokyo, May 9 (Jiji Press)--Japan's three major shipping companies expect their consolidated net profits in fiscal 2025 to plunge around 50-70 pct from the previous year, projecting a drop in transportation of automobiles and other goods due to U.S. President Donald Trump's tariff measures.
The three also expect that freight rates in the container shipping division, which has driven their earnings, will go down in the fiscal year ending in March 2026, reflecting an increase in new shipbuilding worldwide.
(2025/05/09-10:42)
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