Nippon Yusen K.K. and Kawasaki Kisen Kaisha Ltd. forecast profits this year as a global economic rebound revives container and commodity-shipping rates.
Nippon Yusen, Japan's largest shipping line by sales, predicted net income of ¥35 billion in the year ending next March, compared with a loss of ¥17.4 billion last fiscal year, in a statement Tuesday. K-Line, the nation's third-largest shipping line, forecast a profit of ¥18 billion compared with a ¥68.7 billion loss.
Mitsui O.S.K. Lines Ltd. also reiterated that it expects profit to jump more than fourfold to ¥60 billion on demand for shipments of raw materials and finished goods.