The Japanese shipowners based in Shikoku Island are likely to be hit by the merger of the country’s three main container lines.

Mitsui OSK Lines (MOL) has upped its full year profit forecast for the year ended 31 March 2018 by 20% to JPY12bn ($108.5m) as it forecasts a gradual improvement in most major shipping sectors.

Bernhard Schulte Shipmanagement (BSM) has taken over management of one the world’s largest containerships belonging to Mitsui OSK Lines (MOL).

Japan’s big three shipping groups – K Line, MOL and NYK – have officially established Ocean Network Express (ONE), making further progress on the integration of their container shipping businesses.

The three Japanese carriers – K Line, MOL and NYK – have updated that it expects to get an approval from the South African authority for the merger of their container shipping businesses, following an earlier rejection by the country’s competition...

Japan’s Mitsui OSK Lines (MOL) has ordered four LNG carriers at China’s Hudong-Zhonghua Shipbuilding on the back of a long term charter contract for the Yamal project developed by Russia’s Gazprom.

The surprise blocking of the merger of the container line businesses of NYK, Mitsui OSK Lines and K Line should not have a significant impact, according to analyst Alphaliner.

The big three Japanese lines will engage with the Competition Commission of South Africa to review the authority’s recent rejection of their planned container lines business merger. But say work on the merger will proceed in the meantime.

Mitsui OSK Lines (MOL) and Mitsui Engineering & Shipbuilding (MES) have partnered to develop the next-generation vessel monitoring and support systems for commercial applications.

In a potentially catastrophic spanner in the works for the Japanese container line merger plans unde Ocean Network Express (ONE) have been rejected by the Competition Commission of South Africa.