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...Formed in 2017 to integrate the liner services of Japan’s Kawasaki Kisen Kaisha, Mitsui OSK Lines and Nippon Yusen Kaisha, ONE made profits of $2.6bn in the quarter to the end of June, more than 15 times...
...The groups, which have historically fought more intensely between themselves than with overseas rivals, are also proposing to join forces in the management of overseas shipping terminals....
...The alliance will offer seven services weekly from Asian ports to north Europe and two to the Mediterranean....
...While there has been devastation in relatively minor ports such as Sendai near the earthquake’s epicentre, Japan’s main ports are largely intact, according to Neil Davidson, ports analyst for London-based...
...In container shipping, for example, NYK Logistics seeks to move customers’ goods to and from ports, as well as on its ships....
...However, it may be another story for the smaller companies that own car carriers and lease them to the large operators....
...Mitsui OSK fell by 7.3 per cent to Y1,116 and Kawasaki Kisen Kaisha dropped 5.9 per cent to Y652. The truck maker Hino Motors fell by 8.4 per cent to Y488 after Lehman Brothers downgraded the firm....
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