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Japan's K Line at center of massive whirl of rumors

Japanese shipping group K Line is seemingly struggling to get out of the wave of rumors surrounding the carrier, including whispers of Maersk Line as a potential buyer for the group's container carrier.

Photo: APM Terminals

Japanese shipping and logistics group K Line finds itself trying to stay afloat in a sea of rumors ahead of the weekend, ranging from doubts about the financial solidity of the company to a potential divestment of the group's container carrier and a hedge fund's aggressive purchase of shares in the company.

Especially the rumors about K Line's economy have been circulating for weeks in Tokyo and outside of the city, with Maersk Line being highlighted as a potential buyer for K Line's container business with the purchase of shares in the company through Singapore-based equity fund Effisimo Capital Management.

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