nyk-ltd

Three Japanese shipping giants agree to merge

After the resolution by the board of directors of each company held on Oct. 31, three Japanese shipping giants -- Kawasaki Kisen Kaisha, Ltd. (K-Line), Mitsui O.S.K. Lines Ltd., and Nippon Yusen Kabushiki Kaisha have agreed to merge, subject to regulatory approval from authorities. The lines plan to establish a new joint-venture company to integrate the container shipping businesses (including worldwide terminal operating businesses excluding Japan) of all three companies and ... [+]