Drewry: Big Three’s Liner Merger Is All about Survival

The latest merger of liner shipping businesses, revealed by Japan’s Big Three shipping companies yesterday, is further evidence of survival mergers and acquisitions sweeping the industry, according to shipping consultancy Drewry.

Japan’s Big Three End First Half FY 2016 in Losses

On the back of the deteriorating conditions in the shipping market, Japan’s Big Three shipping companies, Kawasaki Kisen Kaisha (K Line), Nippon Yusen Kabushiki Kaisha (NYK Line) and Mitsui O.S.K. Lines (MOL), reported losses for the first half of fiscal

Hyundai Heavy Sees Lower Net Income, Still in Black

South Korean shipbuilder Hyundai Heavy Industries, one of the country’s Big Three shipyards, has managed to stay in the black for the third quarter in a row.