Japanese Steelworks-Affiliated Three Ocean Carriers All Render Good Performance

摘要

The three ocean carriers affiliated with Japanese major steelmaking mills released the results of business operations for FY2003 ended in March 2004. Having faced "backspread" by higher ship leasing charges, increased bunker oil prices, and appreciation of Japanese Yen that took place during the term, all of them posted good financial results thanks to the improved tramper market, as outlined below: [Shinwa Kaiun].