Shipping stocks slide after US port strike ends

Yang Ming Marine Nouvelles

Shipping stocks slide after US port strike ends
Nippon YusenShipping CompaniesKawasaki Kisen

Shares in shipping companies fell heavily across Asia on Friday after workers and U.S. port operators agreed a deal to end a strike on the East and Gulf...

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SEOUL - Shares in shipping companies fell heavily across Asia on Friday after workers and U.S. port operators agreed a deal to end a strike on the East and Gulf coast docks far sooner than expected.

Japanese shippers Nippon Yusen, Kawasaki Kisen and Mitsui OSK Lines logged drops between 7% and 9% and were the largest decliners on the Topix index.

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