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NYK, KKK and Mitsui OSK to merge their box business

New unit will be 6th largest carrier in the world, with 7% of global trade; move seen as merger of survival

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From left: Kawasaki's Mr Murakami; Junichiro Ikeda, president and chief executive officer of Mitsui OSK; and Tadaaki Naito, president of Nippon Yusen at a news conference in Tokyo on Monday.

Tokyo

JAPAN'S three biggest shipping companies have agreed to spin off their container operations and merge them to create the world's sixth-largest box carrier as the global container-shipping industry continues to shrink.

Nippon Yusen KK (NYK), Mitsui OSK Lines and Kawasaki Kisen

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