Greeting
Happy New Year. Because of economic growth of the BRICS economics in 2004 - particularly the growth of the Chinese economy - and because of the active movement of cargo due to favorable economic conditions in advanced countries such asthe United States, the shipping market is increasing a recordable level. Active movement of cargo is expected to continue in 2005 as well, and the shipping market is expected to be firm. Our operating fleet of tonnage consists of 100 bulk carriers of the 20,000 to 50,000-ton deadweight capacity class, and handles a wide diversity of cargo such as steels, coal, iron ore, salt, cement, grain, fertilizer, lumber, forest products, and so on. As the specialist in handy bulk carriers of the NYK Group, NYK Global Bulk plans to take advantage of its accumulated expertise to actively participate in new fields. We look forward to doing business with you in the coming year as well. Thank you.
