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News / Cancelling charters and returning hired ships early will cost K Line ¥560bn

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Cancelling the charter parties of containerships and bulkers will cost Japan’s K Line ¥560bn ($5bn).

The line has announced it will list the charge in its accounts for the year ending 31 March.

K Line said it was also a reflection of “weakening market conditions” in the dry ...

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  • Robert Jervis

    March 08, 2019 at 2:58 pm

    isn’t 560 billion yen about 4 billion sterling?

    • Alex Lennane

      March 08, 2019 at 3:05 pm

      Indeed it is. Thanks for being eagle-eyed – we have now corrected it.

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