src="/files/fa/news/es/Thumbnails/87f32bc9-9d36-4397-88f1-3afbc38ae4a9_260_199.jpg' class='img_convert' title='Japanese Shippers Trim Fleets' alt='Japanese Shippers Trim Fleets'>According to MANA, While Mitsui O.S.K. will cut its fleet down to 409 ships by the end of fiscal 2016, or 13% less than a year earlier, Kawasaki Kisen will shrink its fleet to 255 ships by the end of fiscal 2019, a 7% decline from the end of fiscal 2015.
Nippon Yusen will cut its flotilla to 480 ships by the end of fiscal 2018, an 8% reduction from the end of fiscal 2015.
This is due to weak market conditions and in response to a persistently bleak business environment brought on by a supply glut