Japan\\'s three major shipping companies announced 2014 results

Japan's three major shipping companies announced results for 2014, the largest merchant shipping Mitsui profits fell 26% to 42.356 billion yen.
Japan Post because all plates are up, profits rose 44% to 47.59 billion yen. Kawasaki steamship profit rose 61 percent to 26.82 billion yen. Merrill Lynch profit fell mainly due to the expansion of the container plate losses, the plate has been at a loss in the past three years, a loss of 24.1 billion yen in 2014, a loss of 14.5 billion yen in 2013. Bulk, tanker, LNG, LPG, and auto-ship operations are still profitable due to the steady revenue from long-term contracts. MOL said its container business was mainly affected by US labor disputes, the delivery of VLCCs on long routes and the replacement of super-Panamax vessels to regional routes.
Japan Post's container and logistics business rose 12.8 percent year-on-year to 696.3 billion and 486.9 billion yen, bulk cargo revenue stable at 995.8 billion yen. To reduce costs and increase revenue, Japan Post's G6 alliance will cooperate to expand to the Trans-Pacific West Bank and the transatlantic, to further integrate and expand the service network. At the same time, the company restructuring of Asia, West Africa and the United States path to improve service competitiveness, and return high fuel consumption, investment in fuel economy ships.
Compared to the merchant shipping Mitsui, Kawasaki Steamboat container business due to adjustment and profitability. 2014 earnings of 20.6 billion yen, the container volume rose 4%, in addition to other major pieces of transport business, are profitable. All three companies believe that 2015 will be challenging, especially in the bulk and container sectors. Therefore, the three companies have said they will reduce the speed, put more efficient large container ships, and restructuring routes to reduce costs.

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