Shipping line Nippon Yusen K.K. has raised rates on container services to the United States from Asia after slashing its supply of ships.
The carrier reduced service on the routes by about 25 percent in the past year and is filling about 90 percent of its capacity on routes to North America, said Mikitoshi Kai, head of investor relations at the company, Japan's largest shipping line.
Nippon Yusen started boosting rates last month, he said.