The merger of Mitsui OSK, K-Line and NYK – to become what is known by the companies as “3J” – is partly predicated on cost cutting. So far few details have emerged, though NYK has indicated it will include “best contract” sharing between the three companies. This will take one to two years to deliver, if only because of the need for antitrust approval. Panjiva’s analysis shows the three companies combined have already become more efficient, with containerline costs falling for the past five quarters. The most recent reduction was a 13% fall on a year earlier in fiscal third quarter 2017....