Japan shippers lift annual outlooks after bouyant Q1

Newswire

TOKYO, July 26 (Reuters) - Japanese shipping lines Nippon Yusen KK and Kawasaki Kisen Kaisha Ltd. posted hefty rises in quarterly profits on Thursday and lifted their annual outlooks on better freight rates and buoyant demand. The world's appetite for iron ore and coal continues to stoke the dry bulker market while car carriers are performing well as automakers such as Toyota Motor Corp continue to ramp up exports. Shares in both shipping firms rose with Nippon Yusen gaining 3.1 percent ...

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