Mitsui O.S.K. to Trim Capesize Fleet Up to 18% as Rates Decline
A worker checks a crane at the Mitsui O.S.K. Lines Ltd. container terminal in Tokyo. Mitsui O.S.K., which gets about half its revenue from bulk shipping, is reducing its fleet after a decline in rates caused a 26 billion yen ($327 million) net loss in the year ended March 31, its first deficit since 1995.