Shipping

Companies

Kawasaki Kisen (K Line): Japan’s #3 shipping company and the leverage-restructuring story

How K Line's leveraged balance sheet, the essential 2017 ONE container JV, and the 2022 shipping super-cycle turned the smallest of Japan's three deep-sea shipping companies from liability into deleveraged outperformance.

Companies

Mitsui O.S.K. Lines: Japan’s #2 shipping company and the LNG carrier specialist

Why MOL — from the 1964 Mitsui Steamship + OSK merger — runs the world's largest LNG carrier fleet, how the 2017 ONE container JV consolidated containers, and what FSRU, PCC and Capesize bulkers mean for foreign energy buyers.

Companies

NYK Line: Japan’s oldest shipping company and the auto-carrier king

From the 1885 Mitsubishi + Kyodo Unyu merger to the 2017 ONE container joint venture with MOL and K Line — and the ~120 PCC car carriers that anchor Japan's three-way shipping oligopoly.