3 Japanese Shipping Companies to Merge Container Businesses

“This is a big decision, since it will create what will be the only container-shipping company in Japan,” he said. “But with the European industry consolidating and the business becoming more of an oligopoly, we need the scale that being a single ... ( read original story ...)

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Japanese shippers to merge container lines; Puget Sound impact unclear

Japan’s three biggest shippers agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid global turmoil in the sea-cargo business. Nippon Yusen KK (NYK), Mitsui O ... ( read original story ...)

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