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Elliott Builds Stake in Japan Shipping Giant Mitsui O.S.K. Lines

Provided by Dow Jones Mar 18, 2026, 2:11:00 AM

By Kosaku Narioka

Elliott Investment Management has built a stake in Japanese shipping giant Mitsui O.S.K. Lines.

The U.S. activist investor said late Tuesday that its investment reflected its belief in the Japanese company's strength in shipping and its standing as a major owner of oceangoing vessels.

Elliott said Mitsui O.S.K. is materially undervalued in the stock market despite its business strength and high-quality assets.

The activist investor said it sees an opportunity to work constructively with the shipping company to ensure its coming medium-term management plan is appropriately ambitious.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

March 17, 2026 22:11 ET (02:11 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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