Shinzo Abe, Japan’s longest-serving prime minister, is on his way out, but the nation’s traditional tight-knit relationship between industry and government looks like surviving this landmark change of leadership.
In the latest example, Japan’s government and shipping and insurance industries are coming together to address the oil-spill compensation mess created by the stranding of the 203,000-dwt Wakashio (built 2007).
The bulker grounded on the paradise island of Mauritius in July before spilling 1,000 tonnes of fuel oil onto its shores and breaking up.
