News / Shipping industry could face $35bn write-off, as NYK’s impairment loss is likely to trigger review by lines

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Last week’s news that NYK Line took the largest-ever impairment loss in container shipping history will come as little surprise to a desperate industry. But according to Alphaliner, there is no likelihood of another bankruptcy “at this stage” ? despite a potential $35bn industry-wide write-off.

The Japanese line will record an extraordinary loss of JPY100bn ($972m) on its vessel assets – almost a quarter of its total assets.

Outside of Japan, noted Alaphaliner, most other carriers have not made the same move, ...