Japanese carrier Kawasaki Kisen Kaisha, Ltd., or “K” Line, is set to focus on growing its non-container shipping segments as well as cut costs to maintain the viability of its struggling container business.
The company’s annual report reveals a US$161.7m profit for the fiscal year through March 2014 but its container business only just broke even, with just 47.6% of the line’s revenue stemming from containers.
The company will focus on other sectors, such as LNG transport, bulk and car transport that it considers more stable.
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