In June at the annual conference of the International Association of Maritime Economists (IAME), NYK introduced the results of a new analysis the company had performed on fluctuations in the dry-bulk market.
Koichiro Hayashi, manager of the Bulk/Energy Research Team in NYK’s Research Group, spoke about NYK’s focus on the fact that the market is in an independent cycle from supply and demand fluctuation. He introduced an analysis that demonstrated that market turning points could be predicted with higher accuracy than before, thus aiding with business decisions.
The IAME was established in 1992 and has since become the most prominent academic society of scholars having an interest in maritime economics, which includes ports, shipping, and hinterland transport. This year, more than 300 participants from over 50 countries and regions participated in the conference.
In accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” NYK aims to decisively reform its dry-bulk business by making use of AI to conduct advanced market analyses and improve earnings in an ever-changing market.