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Market Chatter: NYK Line to Invest Over 100 Billion Yen in New Luxury Cruise Ship

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Nippon Yusen Kabushiki Kaisha (TYO:9101) (NYK Line) is considering over 100 billion yen in investments for a new luxury cruise ship, Nikkei reported Tuesday.

The vessel will displace the luxury Asuka II liner and run along the Asuka III, which became operational last year, the report said.

The venture will commence around the fiscal year starting April 2028, with the ship's size and specifications as well as the contractor to be determined later on, according to the report.

The transportation company did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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