Mitsui O.S.K. Lines Ltd. and Navix Line, Ltd., the country’s second- and fourth-largest maritime transport companies, will merge as of April 1, becoming one of the biggest maritime carriers in the world, top executives of the two companies announced on Friday.

“We can mutually complement each other through this merger by strengthening our management base and making the best use of our corporate resources,” said Masaharu Ikuta, president of Mitsui O.S.K. Lines.

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