Carriers

Mitsui OSK Lines reduces fleet significantly

Mitsui OSK Lines, Japan's largest shipping company, reduces its fleet by up to 40 vessels, equivalent to five percent, due to the coronavirus crisis. The shipping line does not see a recovery for the container sector until 2022. Read the whole plan here.
Photo: PR / MOL Chemical Tankers
Photo: PR / MOL Chemical Tankers
by TOMAS KRISTIANSEN

Japan's largest shipping group Mitsui OSK Lines agreed on several drastic changes during its annual general meeting on June 23. The comapny hopes to bolster itself against the economic downturn in the wake of the coronavirus pandemic.

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