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

08/03/2019

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?

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- 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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