Japan's Mitsui OSK shares soar to record highs as activist investor Elliott builds 'significant' stake
By Lee Ying Shan
Published on March 18, 2026.
Shares of Japanese shipping company Mitsui OSK Lines have surged by over 11% after activist investor Elliott Investment Management established a significant stake in the company. The firm is one of the world's largest diversified oceangoing vessel owners and believes the market undervalues its business. Despite a 2% increase in revenue for the nine-month period ending December, operating profit fell by over 16% to 102.7 billion yen due to weaker profitability across several core businesses, particularly product transport and containerships.
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