Japan's big three to scale back

摘要

The New Year speeches of the presidents of Japanese ocean carriers NYK Line and K Line revealed that the global downturn is forcing them to restructure their containership sectors.rnK Line's president Hiroyuki Maekawa said that the company had formed a Business Structural Reform Committee that is focused on the immediate restructuring of the containership sector as it had 'suffered the greatest damage'.rnHe said scaling down and reorganisation of freight services to North America and Europe was to take place in order to match supply with the decline in demand.