Investors are beginning to drop their support for the bosses of under-pressure shipowners K Line and MOL.

K Line president Eizo Murakami was re-elected in his role for a second year with 57% support from investors, against 86% last year, according to company records cited by Bloomberg.

MOL president Junichiro Ikeda saw his vote drop to 77% from 98%.

The K Line vote was a “clear sign of dissatisfaction with the management,” Minoru Matsuno, president of Value Search Asset Management, told the news agency.

“K-Line