What profits NYK earned in the first few years after the 1985 to 1987 yen shock came from another form of diversification, financial subsidiaries and other financial investments, not from shipping operations themselves. In the late 1980s, however, increases in freight rates sparked a business recovery in the shipping industry, a trend that NYK itself was well prepared for with its expanded investments in transportation infrastructure. Since its 100th anniversary in 1985, the company took to calling itself a "mega-carrier," a term that symbolized its global network of multi-modal transport and the broad logistical capability to integrate shippers and cargo movement. Much of this effort concentrated on new computerized information systems. Business of this sort also was being spun off in the form of new subsidiaries.
Read more: http://www.referenceforbusiness.com/history/Mi-Nu/Nippon-Yusen-Kabushiki-Kaisha-NYK.html#ixzz3A33BgrRd
What profits NYK earned in the first few years after the 1985 to 1987 yen shock came from another form of diversification, financial subsidiaries and other financial investments, not from shipping operations themselves. In the late 1980s, however, increases in freight rates sparked a business recovery in the shipping industry, a trend that NYK itself was well prepared for with its expanded investments in transportation infrastructure. Since its 100th anniversary in 1985, the company took to calling itself a "mega-carrier," a term that symbolized its global network of multi-modal transport and the broad logistical capability to integrate shippers and cargo movement. Much of this effort concentrated on new computerized information systems. Business of this sort also was being spun off in the form of new subsidiaries.
Read more: http://www.referenceforbusiness.com/history/Mi-Nu/Nippon-Yusen-Kabushiki-Kaisha-NYK.html#ixzz3A33BgrRd
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