News / Japanese shipping bosses bullish for the new year, but all fear demand slowing

The traditional Japanese shipping lines’ new year messages to staff were generally positive, reflecting the improving financial results of the industry – but concerns remain over a possible slowdown in demand.

K Line president and chief executive Yukikazu Myochin said the “poor market conditions and a temporary deterioration in the bottom line, caused by the teething problems of ONE’s first year of operation”, were in the past and that the group expected to remain in the black for its fiscal year ...