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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...
...(Taiwan) John Kirkland Chief Executive and Owner, Independent Container Line (ICL) Hitoshi Nagasawa President, Nippon Yusen Kaisha (NYK) Erik Noeklebye COO Shipping Services, Wallenius Wilhelmsen Søren Toft...
...Its stock and that of Nippon Yusen, the largest of the trio, have risen more than 300 per cent in the last year. Shares in middling Mitsui OSK have doubled....
...Nippon Yusen said it was co-operating with the investigation....
...Nippon Yusen Kaisha, Mitsui OSK Lines and K Line said that, if approved by regulators, the new joint venture would operate the world’s sixth biggest container fleet, with about 7 per cent of global capacity...
...On Monday, three Japanese shippers — Nippon Yusen (NYK), Mitsui OSK and Kawasaki Kisen — announced a joint venture. This does not mark an end to tough times....
...The Alliance would see six shipping companies – Hanjin, Hapag-Lloyd, “K” Line, Mitsui OSK Lines, Nippon Yusen Kaisha and Yang Ming – enter a new strategic relationship regarding east-west trade lanes....
...The most recent of these strategic deals, announced on Monday, was the merger of the container businesses of Japan’s three biggest shipping companies, Mitsui OSK, Nippon Yusen Kaisha (NYK) and K Line — a...
...Japan’s three major shipping companies — Mitsui OSK, NYK Line and Kawasaki — have stopped short of full-blown mergers, but agreed in May to form a new alliance with Hapag-Lloyd, South Korea’s Hanjin Shipping...
...On July 7, the Polaris Leader, a car carrier chartered by Japanese shipping company Nippon Yusen, arrived at the port....
...At the time, Japan’s three major lines — Nippon Yusen, Mitsui OSK Lines and Kawasaki Kisen Kaisha — were in talks about integrating their container businesses....
...In late October, Japan’s three biggest shipping companies, Mitsui OSK, Nippon Yusen Kaisha and K Line, agreed to merge their container businesses as they all announced operating losses for the April to September...
...Mitsui is to take a 16.6 per cent stake in Cameron, while Mitsubishi and Nippon Yusen, a shipping company, will together take 16.6 per cent through a joint venture....
...Nippon Yusen , the country’s biggest shipping group, climbed 4.8 per cent to Y196, while number two Mitsui OSK Lines added 7.5 per cent to Y245....
...Nippon Yusen, the marine cargo and transport operator, fell 0.7 per cent to Y137 after warning that weak business conditions had forced it to cut its first-half operating profit forecasts by 18 per cent....
...Maintaining its bullish stance on the sector, JPMorgan said its top pick in the sector was Mitsui OSK Lines, which climbed 11.2 per cent to Y288, followed by Nippon Yusen KK, up 7.9 per cent to Y192, and...
...Kawasaki Kisen Kaisha jumped 6 per cent to Y193, while Nippon Yusen added 3.1 per cent to Y268....
...The main board’s sea transport index was the biggest sector loser, down 5 per cent, as Mitsui OSK Lines fell 5.5 per cent to Y273, Kawasaki Kisen Kaisha dropped 4.8 per cent to Y140 and Nippon Yusen shed...
...Market leader Nippon Yusen gained 4.3 per cent to Y195, while Kawasaki Kisen Kaisha added 3.6 per cent to Y144. Seoul’s Kospi Composite rose 1.3 per cent to 1,899.76....
...Nippon Yusen KK jumped 2.3 per cent to Y218 and Mitsui OSK Lines surged 2.2 per cent to Y329....
...Rival Nippon Yusen was 3.7 per cent higher....
...Also part of the alliance, Nippon Yusen was 2.7 per cent higher at Y192 while Hyundai Merchant Marine added 2.8 per cent to Won24,300, Orient Overseas International jumped 6 per cent to HK$42.40 and Neptune...
...Mitsui OSK Lines was up 3.1 per cent on the week to Y296, while Nippon Yusen climbed 3.1 per cent to Y202. The FTSE Asia Pacific index climbed 1.1 per cent this week to 219.95....
...Nippon Yusen, Japan’s biggest shipper by sales, surged 5.1 per cent and second-ranked Mitsui O.S.K. Linesclimbed 4.9 per cent. Third-largest Kawasaki Kisen Kaisha jumped 5 per cent....
...The A6 Alliance will join the Grand Alliance – whose members are Germany’s Hapag-Lloyd, Japan’s NYK Line and Hong Kong’s OOCL – and the New World Alliance – made up of Singapore’s Neptune Orient Lines, Korea...
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