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Shipping industry's worst nightmare: A corona Christmas

Container carriers shudder at thought of consumers cooped up till year-end

Ocean Network Express, a joint venture of Japan's three largest maritime shippers, is the world's sixth-largest container carrier. (Photo courtesy of ONE)

TOKYO -- When Japan's three largest maritime shippers combined their container-shipping operations in 2017 to establish Ocean Network Express, or ONE, then-Nippon Yusen President Tadaaki Naito said it was his wish for the new company to outperform and surpass its parents.

Billing itself as the world's sixth-largest container carrier, the joint venture between Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen now finds itself having to rethink its plans and its creators' ambitions.

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