UPDATE 1-Japan shippers mark record year but outlook soft

Newswire

(Writes through with company, fund manager comments) By Edwina Gibbs TOKYO, April 25 (Reuters) - Japanese shipping firms Nippon Yusen KK and Mitsui O.S.K Lines Ltd reported record profits on Friday but gave soft earnings forecasts for the year ahead as higher costs eat into gains from robust demand. The nation's biggest marine transport firms, which also include Kawasaki Kisen Kaisha , have had a bumper year on better freight rates and heavy demand, led by China, for dry bulkers to ...

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