Nippon Yusen K.K., the country’s leading maritime transport firm, will merge with Showa Line Ltd. in October, top executives of the two carriers announced March 27.

The planned merger — effectively a takeover of Showa Line by Nippon Yusen to salvage the firm — is expected to take effect Oct. 1. In the merger, eight shares in Showa Line will be exchanged for one share of Nippon Yusen, the surviving entity.

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