Nippon Yusen Kabushiki Kaisha (Nippon Yusen Kabushiki Kaisha) Average Age of Fleet in Years : 0.00 (As of . 20)

Nippon Yusen Kabushiki Kaisha Average Age of Fleet in Years Chart

Competitive Comparison of Nippon Yusen Kabushiki Kaisha's Average Age of Fleet in Years

For the Marine Shipping subindustry, Nippon Yusen Kabushiki Kaisha's Average Age of Fleet in Years, along with its competitors' market caps and Average Age of Fleet in Years data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nippon Yusen Kabushiki Kaisha  (OTCPK:NPNYY) Average Age of Fleet in Years Explanation

Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life. Companies with a lower average age of fleet may also have a higher depreciation.

According to the data from statista.com, as of 2020, the average age of all ships in the world merchant fleet was just over 20 years. General cargo ships were the oldest type of vessels with an average age of around 26 years; likewise, over 65 percent of the world's cargo ships were older than 14 years, in contrast with over 18 percent of bulk carriers.

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Nippon Yusen Kabushiki Kaisha (Nippon Yusen Kabushiki Kaisha) Business Description