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
Tue, Nov 01, 2016 - 5:50 AM
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.
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...