Although Kawasaki Kisen Kaisha Ltd. (“K” Line) recorded a fiscal year 2019 net profit of 5.3 billion yen ($49.4 million), the Japanese carrier is not paying dividends or issuing a 2020 forecast amid uncertainty over the total financial hit it will take from the coronavirus pandemic.
“K” Line did say Monday that it expects fallout from the coronavirus crisis to negatively impact all business segments — dry bulk and container shipping, energy resource transport, car carriers, and logistics.
Effects...
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