日本海事新聞ニュース Japan Maritime Daily Aug 07, 2025 (Thu)

Japanese Shipping Majors’ PCTC Profits Fall, But US Auto Tariffs Have Minimal Impact

Due to the impact of exchange rates and increased operating costs

　The three shipping majors—NYK, MOL, and “K”Line—are expected to see their PCTC division profits dec ・・・ 続きはログインして下さいnext %E3%80%80The+three+shipping+majors%E2%80%94NYK%2C+MOL%2C+and+%E2%80%9CK%E2%80%9DLine%E2%80%94are+expected+to+see+their+PCTC+division+profits+decrease+by+10%25+to+20%25+compared+to+the+previous+period.+The+impact+of+U.S.+auto+tariffs+is+expected+to+be+limited%2C+and+the+number+of+vehicles+transported+is+expected+to+remain+roughly+the+same+as+the+previous+period%2C+but+the+appreciation+of+the+yen+and+inflation+in+operating+costs+will+have+an+effect.%3Cbr%3E%E3%80%80NYK+expects+its+full-year+ordinary+profit+for+the+car+carrier+division%2C+including+the+automobile+logistics+business%2C+to+decrease+by+12%25+from+the+previous+period+to+100+billion+yen.+%E2%80%9CK%E2%80%9DLine+expects+an+18%25+decrease+to+63+billion+yen.%3Cbr%3E%E3%80%80MOL+did+not+disclose+separate+earnings+for+its+PCTC+segment.+The+company+expects+segment+profit%2C+which+includes+PCTCs+as+well+as+port+and+logistics+operations%2C+to+decrease+by+25%25+to+64+billion+yen.%3Cbr%3E%E3%80%80The+companies+forecast+that+the+number+of+vehicles+transported+by+PCTCs+this+period+to+decrease+compared+to+the+previous+period%3A+by+1%25+to+4.38+million+vehicles+for+NYK%2C+by+2%25+to+2.84+million+vehicles+for+MOL%2C+and+by+3%25+to+3.45+million+vehicles+for+%E2%80%9CK%E2%80%9DLine.%3Cbr%3E%E3%80%80The+main+reason+for+the+decline+in+profits+in+the+PCTC+business+is+the+appreciation+of+the+yen.+The+average+exchange+rate+during+the+previous+period+was+about+153+yen+to+the+dollar.+In+contrast%2C+for+the+current+period%2C+the+company+expects+the+yen+to+average+around+142+yen+during+the+period%2C+which+is+about+10+yen+stronger.%3Cbr%3E%E3%80%80Since+most+freight+charges+are+denominated+in+dollars%2C+a+stronger+yen+results+in+lower+revenue+when+converted+into+yen.%3Cbr%3E%E3%80%80The+company+is+also+affected+by+rising+costs%2C+such+as+cargo+handling+fees%2C+due+to+inflation.+Furthermore%2C+the+increase+in+costs+due+to+the+introduction+of+LNG+%28liquefied+natural+gas%29+fueled+vessels%2C+which+are+more+expensive+than+conventional+fuel+vessels%2C+will+also+put+pressure+on+profits.%3Cbr%3E%E3%80%80On+the+other+hand%2C+the+impact+of+the+U.S.+auto+tariff+measures%2C+which+had+been+a+concern%2C+is+expected+to+be+minimal.%3Cbr%3E%E3%80%80Initially%2C+NYK+indicated+that+the+impact+on+its+automotive+business+could+reduce+profits+by+up+to+20+billion+yen.+This+time%2C+the+company+revised+the+projected+profit+decline+to+3+billion+yen.+MOL+also+revised+its+estimate+from+just+over+10+billion+yen+to+almost+zero.+%E2%80%9CK%E2%80%9DLine+also+reduced+its+estimate+of+the+impact+on+its+own+business%2C+mainly+PCTCs%2C+from+13.5+billion+yen+to+3.5+billion+yen.%3Cbr%3E%E3%80%80None+of+the+three+companies+have+incorporated+into+their+earnings+forecasts+the+impact+of+the+port+dues+measures+on+non-U.S.-built+PCTCs%2C+which+the+United+States+Trade+Representative+%28USTR%29+plans+to+introduce+from+October.+This+is+because+it+is+unclear+whether+the+tariffs+will+actually+be+imposed+at+all.%3Cbr%3E%E3%80%80Regarding+the+impact+of+the+port+dues+measure%2C+%E2%80%9Cit+has+been+considerably+reduced+from+the+original+plan.+It+is+expected+to+be+kept+to+around+5+billion+yen+at+most.+It+is+necessary+to+discuss+with+the+relevant+parties+how+the+burden+should+be+handled%2C%E2%80%9C+said+a+NYK+representative.%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%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海運大手、自動車船1―2割減益。関税影響は限定的

2025/08/07(木)

日本海事新聞 JMD

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