Tokyo: Shinwa Kaiun Kaisha has bought the shipping subsidiary of a major domestic steel mill, in the process doubling the size of its bulker fleet. Tokyo-listed Shinwa Kaiun Kaisha has bought all the shares of Nippon Steel Shipping. Nippon Steel Shipping is more than 50 years old with a bulker fleet in excess of 3m dwt with all types of ship sizes. [21/05/10]
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