Top Japan Shipper See Orders that Restore As Trade Tensions ease | Company Business News

The Japanese shipping giant, Nippon Yusen KK, is confident that US rates do not cause its business as much damage as initially expected, with discussions that have already recovered and will remain strong for the next three months. The largest sender by market cap – which operates container and voyage lines, specialized carriers and air freight – has had a strong recovery in the shed after a relief in the US and some of its trading partners this month, CEO Takaya Soga said. This is after the discussion of volumes fell by a third when US President Donald Trump announced a quick rates in April. “Even if things continue as it is now, there will probably not be a different decline in rates discussions,” he told Bloomberg News on Wednesday. Specifically with regard to the shipping of cars, which have been a US tariff since April 3, Soga said discussions “did not fall at all”. Separately, the rival Mitsui OSK Lines Ltd. Also said that an expected decrease in shipping volume from April and May did not materialize. “In a sense, this is a happy wrong calculation,” CEO Takeshi Hashimoto told Bloomberg News earlier this week. Soga said a good order book Nippon Yusen will help to expand his ship business quickly through mergers and acquisitions. Last month, Nippon Yusen became the world’s largest liquid petroleum gas transporters after it acquired the non-Crude Oil Tanker Shipping business at Eenos Ocean, a subsidiary of oneos Holdings Inc., for 76 billion yen. The company has taken over more than 47 vessels, including LPG carriers and chemical tankers. Soga said the acquisition of a part of Eenos Ocean was a very good deal, and I am currently investigating other similar opportunities. ” He did not want to mention any possible targets. When asked about the US planned port aimed at Chinese vessels, Soga said he saw that the policy that had a limited impact on Nippon Yusen, as only 8% of his fleet was built of China. He added that his company has no plans to exclude Chinese shipyards of future shipbuilding orders. Earlier this week, Mitsui OSK said it was difficult to buy Chinese vessels for the time being, as the US hurled the investigation. © 2025 Bloomberg MP This article was generated from an automatic news agency feed without edits to text.