Supply Chain Research

The annual messages from the senior management of the Japanese shippers have struck an unsurprisingly downbeat tone, referring to a “long-term structural change in global trade” and that “in no sense can we be optimistic”. The corporate response of a three-way merger will likely occupy management time this year, but faces regulatory risks. Panjiva analysis of analyst estimates shows that a 6%-7% drop is expected for Mitsui-OSK and K-Line revenues in the fiscal third quarter. Yet, expectations for NYK are for a 4% rise and all three are seen rising 3%-6% next year. Less worse times may be...