Correction: 'billion' mistaken for 'million' in NYK fuel costs
Jan 7, 2011 Shipping
NYK PRESIDENT Yasumi Kudo told the company in his review and outlook New Year's message recently that the group's fuel costs came to JPY200 billion (US$2.43 billion) a year, even after the group-wide fuel-saving initiative.
In our report Thursday, we mistakenly rendered the "billion" as "million" in the US currency conversion. We regret the error and any inconvenience it caused.