Japan’s leading tonnage suppliers are growing their businesses despite depressed dry and wet trading markets, and a dwindling number of domestic customers.

VesselsValue states Imabari-based Shoei Kisen, which is controlled by the Higaki family, is Japan’s largest private shipowner, with a diversified fleet of 132 vessels and 39 ships on order.

Shoei Kisen is followed by Abe family company Nissen Kaiun, which has 135 ships and six on order; Fujii family controlled Nisshin Shipping, with 73 vessels and 39 newbuildings booked; and Ehime-based Doun Kisen, which has 95 ships and nine vessels on order.