The revival of Japan’s Daiichi Chuo Kisen has not led to a resurrection of its partnership with Morten Werrings Rederi of Norway.
The two companies had a co-operation arrangement for 30 years, but it was wound down even before Daiichi collapsed in 2016 with debts totalling $3.87bn.
“The thought was that Werring should cover the European and Daiichi the Asian market, but the situation changed when the Japanese company set up in London,” Morten Werrings managing director Kjell Hetland said.
