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Business

Asian, European shippers build fleets of megaships

Larger vessels could lower freight rates despite industry consolidation

Mitsui O.S.K. Line's newest ships will be among the largest in the world at 400 meters in length.

TOKYO -- Shippers increasingly are fielding immense vessels to cut the costs of transporting goods from Asia to Europe, but some fear the trend will keep freight rates at low depths.

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