NYK Line cancels Red Sea voyage, bears additional fuel costs, negotiates with shipper. Nippon Yusen, the largest shipping company, has canceled Red Sea sailings due to rising tensions between Yemen's Houthi rebels and the US military.
Three major Japanese shipping companies have temporarily canceled sailings in the Red Sea and are moving to destinations such as the Cape of Good Hope in Africa. NYK Executive Officer Takashi Yamamoto said at a press conference on the 5th to announce the company's financial results that shipping companies are temporarily bearing the extra fuel costs.